Chainlink- After a week of consolidation it might be time.
Link continues to be solid.
Momentum has been extremely strong and this latest move is almost vertical on zooming out.
We could be about to see it break out in the next 48 hrs on the back of this current bullish support line.
(Caution advised if taking the break as wicks have faked out a few times during this move)
If not, and Link loses momentum there is trailing support not far away so it will most likely remain bullish but I think the breakout will be pushed back around 7 days.
If an unforeseen dip somehow brings $28USD into play I'd expect it to only last a few seconds so a stop limit order around this figure isn't the worst idea.
As always, not financial advice,
Just my thoughts and TA.
Bingaz
Momentum has been extremely strong and this latest move is almost vertical on zooming out.
We could be about to see it break out in the next 48 hrs on the back of this current bullish support line.
(Caution advised if taking the break as wicks have faked out a few times during this move)
If not, and Link loses momentum there is trailing support not far away so it will most likely remain bullish but I think the breakout will be pushed back around 7 days.
If an unforeseen dip somehow brings $28USD into play I'd expect it to only last a few seconds so a stop limit order around this figure isn't the worst idea.
As always, not financial advice,
Just my thoughts and TA.
Bingaz