CHAINLINK Chart Analysis Brief Projection

18 авг. 2020 г.

To Help Better understand mY projection and Price Targets i did this chart using the Fib Circles.
as you view in the First pic you can see how accurate the support and resistance points are lining up with the fib circles.
moving on to the second chart pic you can see how the fib circles crossing thru each other are also holding support and for each line we touch we are usually bound to pull back slightly to help break resistance to spring for a pump. sometimes we break right thru resistance with strong pumps. so understanding this pattern will help you understand why Chainlink needed the slight pullback today. the dump was caused by a liquidation event according to trading view pulling chainlink back by 20% in 30 mins.
back to the charts though as of right now chainlink could fall a little lower to $16.22 before tracing up the 2.618 fib so i am expecting by the end of the night tomorrow for link to shoot back up to $18.26 and maybe pulling back slightly again i'm not expecting to much pumping at the moment how ever i did notice a small bullish divergence on the RSI for the 1h chart which shows we are oversold.

just my chart analysis and price predictions ( THIS IS NOT FINANCIAL ADVICE, This is simply a idea from a fellow trader you are the only one responsible for your own Gains and your own Losses)

Long term im very bullish with chainlink and many other coins