LINK on Tradingview!

Link has a bright future and I am excited to be able to chart it for the coming future.

I established my long position @ 0.27338797 USD or 0.00001930 BTC

TP: $10 or .00072 BTC

Duration of trade 1-2 years

This chart is showing my prediction of price movement within the newly established channel since the upward breakout of the wedge.

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movement within channel

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within channel

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Link has broken up out of the channel. It is now looking like a small retracement to about the 5900 level is likely. HODL.

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Just as expected.

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Price broke the white line momentarily. It is now back and back to following projection arrows.

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Breakout upwards!

Med term Targets
.0001
.00014

Long term target
.00072

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Things have been moving as predicted for quite some time. The movement has been a little quicker, but the accuracy has been nice.

I have adjusted the image to reflect the movements that took place in the last week.

There are a couple of things to be aware of.

First, there is a diverging channel. This should leave you as a trader to be cautious as there is not upper level resistance and is bearish in nature.

Second, we have identified a pretty substantial channel (blue lines) with the top being the most recent test. This would leave us to assume that there should be a downward movement to correct for the upward pressure.

Third, we had two local tops that softens our divergence in white and reveals a convergence.

Fourth, we see a test of the overall local trend line. I expect a bounce, but there are a few factors that could lead to it dropping below this trend to seek out lower support in the channel.