Link: Are we ready for All Time High euphoria?

11 февр. 2020 г.

Bitcoin is looking bearish, is it realistic to think that Chainlink could go for ATH here?

1. Breakout from June 2019 weekly close

On Sunday, we saw the weekly candle close over 3.40 confirming that we we're breaking out. Literally the day after, we retraced around 5 cents lower because of the dump on Btc.

But this morning bulls showed a big sign of strength, Link is up around 7% right now, the re-test is now confirmed and successful.

2. Indicators

Indicators are showing some bullish reactions too:

- Macd flipped bullish;
- Rsi Broke out from the 66 level;
- Volume is currently rising on every close;

3. The ''Euphoria'' phase

In the past we can see that when a Coin breaks is All Time High, normally the ''Euphoria'' phase starts, leading to massive gains.

Here's some example:

- Ltc, after breaking 5.5$ we saw a 6 630% rise from March - December 2017
- Xrp, after breaking 0.011$ we saw a 30 000% rise from April - December 2017
- Neo, after breaking 1.60$ we saw a 11 000% rise from June - December 2017

So there we go, i'm for sure extremely bullish here, if you want to see my personal orders for this move feel free to click on the link below, you will be re-directed to my private group!