Quickpost for Chainlink gains as it retest previous ATH

This is pretty straight forward. Resistance and support flipping is important. Sloping trendlines are great, but when horizontal levels flip from support to resistance that is a major signal that is ignored at ones peril

• Purple ray is ATH
  
• The black arrow and circle show a retest of ATH right after it was broken. This was defended by bulls on all time frames
  
• The red arrow shows the bears savaging over-margined long traders and forced the over-margined longs to sell. Many such cases. SAD!
  
• the green arrow shows that on this latest dump the bulls bought the dip so aggressively we didn't have to tough the previous ATH again. This is very bullish and I suspect we will never see link at these levels again.
  

Please see the linked post for why I think link will beat btc, eth, and other top alts.

Commentaire:

Based on my extensive experience charting and making and losing money I bet this blue like will hold, especially on higher time frames except for wicks.

Commentaire:

This slip below ATH is somewhat concerning but not cataclysmic just yet. Just have good risk management.