We are currently Neutral and short-term Bearish on Chainlink, LINK. Three SELL signals (Sell 2, Sell 4, UMA Cross) are Huge signs of Bearish price movement. No reason for us to use any USDT or BTC in a LINK trade right now. The Horizontal Support Line at ($15.50) held strong and we did get an Early Bird (we could of placed a 20% Buy here but we chose to hold off for more Bullish movement). We want an Open/Close above the Weekly Down Trend Line before we become Bullish again. Buying opportunities will be after crossing the Down Trend Line and then again at the ($19.50) Horizontal Line (20% and/or 30%). We forecast to see some signals from the Engineer around late February or early March. Expect a 22%, 85%, and then an 145% Return ($30- $40) range. Take profits accordingly.
The future of currency and technical trading is here!
tradinggrey.io | currenshi.io
Not Financial Advice...Trade with Confidence and Control.
Also on:
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.