$LINK has the tendency to repeat its previous cycle

Since May 2018, Link has followed this rising channel with cycles of 14 to 16 months.

Each cycle, there has been at least 1 retest of the previous high.
Each cycle, there have been 2 retests of the previous breakout level.
Each cycle ended in a retest of the support trendline, resulting in the next bull run.

I'll be keeping an eye out for a shorting opportunity if Link reaches the 20-dollar range.

I hope you like what you see.

EJ - Just for fun

Kommentera:

However, I have no reason to believe a strong downside move of $LINK is pending, as alts are starting to rally.
I only see this play out in correlation to high volume price action of BTCUSD.

In case of a strong correction or strong pump of BTC, alts will bleed, and when they do, they will bleed hard...

EJ - Just for fun

Kommentera:

Link broke through resistance, immediately finding support at the $20 level.
From now on, the only way is up!
First target $36 (give or take)

Kommentera:

Perfect breakout and retest of previous resistance as support on the hourly chart.
Imagine not buying Link here