Breakout: #ChainLink's Decisive Move and Its Implications

16 giu 2023

💎 For over a year, #ChainLink has been range trading, but this changed in the last week. #LINKUSDT experienced a decisive break and close below the $5.5 support area. From a technical perspective, this could be seen as confirmation of the downtrend. However, we must consider the year-long price action before drawing conclusions. It is prudent to wait for the monthly closing price, as it might confirm or negate the continuation of the downtrend.

💎 Currently, #LINK has successfully triggered most of the stop losses of high leverage buyers, leading to increased buying liquidity. As a result, we could witness a rapid price growth before the monthly close. A potential pullback may occur, causing the price to encounter multiple resistance areas as indicated on our chart.

💎 While there is a certain probability that #ChainLink has bottomed out, it is important to note that we are still far from a strong confirmation of a bullish trend. The Paradise Team will closely monitor the price action and keep you informed about any significant developments.

20 lug 2023

Trade chiuso: obiettivo raggiunto

🌴 Paradise Club Members, it's time for an urgent update on #LINKUSDT!

💎As we precisely projected, #LINK has successfully reached the resistance trendline, boasting an impressive 76% overall price increase. This remarkable surge makes it one of the strongest gainers over the past week, along with #XRP and #XLM.

💎Now, the critical question looms before us: Will there be a decisive break above the trendline, followed by a breach of the key supply area?

💎The current market sentiment, characterized by increasingly robust buying pressure, suggests a favorable probability of further uptrend. There is a high likelihood that #LINK will venture toward the Selling Liquidity zone, situated just above the supply area.

💎However, this is where things could take an exhilarating turn. If the price continues to ascend, we may witness confirmation of a long-term uptrend.

💎The stage is set for an exciting ride, Paradise, but the question remains: Are you prepared for the potential scenarios that await us?