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49415962 No.49415962 [Reply] [Original]

but LINK is forming a massive descending wedge on both LINK/USD and LINK/BTC.

>> No.49415970
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49415970

>> No.49415984

what does this mean!?

>> No.49416024

>>49415984
https://school.stockcharts.com/doku.php?id=chart_analysis:chart_patterns:falling_wedge_reversal

>> No.49416025

>>49415962
>link has been doing nothing but dump for over a year
yeah we know, thanks, great thread

>> No.49416028

>>49415984
Bullish af

>> No.49416065
File: 32 KB, 557x373, FallingWedge.png [View same] [iqdb] [saucenao] [google]
49416065

>>49415962
Have had this charted for a while now. Crazy to think that we actually fell beneath the wedge during the may crash. If BTC doesn't shit the bed in the coming 2 weeks, we will finally be out of this 7 month long wedge. Big if though...

>> No.49416101

>>49416065
looks like a fakeout to the downside

>> No.49416323
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49416323

conversely, BTC and ETH look like they are on the verge of collapse....

>> No.49416340
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49416340

>>49416323

>> No.49416423
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49416423

>>49416323

>> No.49416433

>>49416065
btc will definitely shit the bed

>> No.49416459

This may just be the greatest reversal ever witnessed
Strap in lads
Shame i couldn't sneak one more paycheck into so hoe digit LINK before consensus

>> No.49416460
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49416460

>>49415962
All chainlink patterns break to the downside.

>> No.49416467

Huh that's weird. I was just thinking to myself yesterday that Link looks like it bottomed but BTC and Eth look like dogshit.

>> No.49416487
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49416487

>37 billion tvl
>50 milllion network revenue
>We didn't think about token economics. ~Sergey Nazarov, 2022
https://www.youtube.com/watch?v=WLnzt_5AsyA

>> No.49416492
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49416492

>>49416024
>>49416459
It’s crazy how everything is lining up for Link to have an explosive growth spurt.
I fully expect BTC to tank as hard as possible to stop it though.

>> No.49416781

>>49415962
Have a short to hedge and a stop loss. Could as well resolve down

>> No.49416804
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49416804

>>49416065
>fell beneath the wedge during the may crash
That show of weakness will be met with further dumping.

>> No.49416849

>>49416492
is ti crazy? or is it something that happened every year since 2017? look at the all time link/usd chart. new ath every year. for anyone who has been patiently waiting, there would be nothing crazy about an ath this year, it is the normal price action.