LINK/USDT Long Term Accumulation Chart Overview

24 ก.พ. 2022

#LINK/USDT Technical Analysis:-


In this idea, we will look into the depth of the CHAINLINK (LINK) chart and will try to understand the longer-term view and perspective of LINK.

The entire crypto market is dipping and crashing because of Russia-Ukraine things and many altcoins including bitcoin is dipped over the past 24 hours.

We don't know what will happen next but we can hope for the good and wish for recovery in the market.

It seems #LINK is currently in the Long-term accumulation range and this accumulation will push the price higher.

I mean the much higher than we are expecting.

Phase A :
Stopped the previous downtrend.
The price is currently in phase B

if I am correct, We created EQ lows in the High Time frame which was taken by price recently.

Not sure about the current down move we had.

it can be spring or Secondary Test of Phase B but highly likely it is ST in B and if we see any news in near future fundamentally affecting crypto and that will be the perfect place for the price to place spring on the chart.

High probability that this accumulation range will explode if the Bitcoin bull runs continue and other Alts will follow the same way.

And will towards their previous high.

Not giving any targets or invalidation points because there's no fixed structure of the market movement and its cycle.

Remember- The real-time event can affect the chart structure and this is my own view.


#DYOR