LINK Marines - Assemble!
The resistance at 5.90$ held, so far...
Seriously, that's some pretty good news, and chainlink managed to recover by a little more than 20%.
Let me say this clear, it's EXTREMELY important that chainlink now extends this gains, and we shouldn't decline to lower prices again under any circumstances.
The LINK Marines really need to rally around their token in order to save the day!
We still remain on ourbullishcount which is shown on the chart, the a-b-c correction was a little more difficult to count than in other altcoins but nevertheless this wave movements don't look bad.
The unsettling and interesting detail in Chainlink is that we touched the0.786 retracementperfectly a few hours ago and heavily pushed back since then.This may be very well a good start for our projected wave (iii) but the price needs to build up a lot ofbullishmomentum in the next days, and we absolutely shouldn't remain at these low levels in the future.
Keep in mind that ourbearishalternative of a lower Cycle Wave (2) is still in place because Chainlink established a tough horizontal channel which lasted nearly 300 days as of now. Seriously, look it up on the chart and see it for yourself, it's kind of impressing...
The support at 5.39$ is crucial for ourbullishcount, and it would mean very bad news for our fellow Chainlink Holders if this level is breached. I can assure everyone on here that we are watching this very carefully and will update you guys if needed!
Long #1 Chainlink (LINKUSD)
AVERAGE EXECUTION PRICE: 6.17$
STOP-LOSS: NONE
LONGERM Target: +90$
Long #2 Chainlink (LINKUSD)
AVERAGE EXECUTION PRICE: 6.58$
STOP-LOSS: NONE
LONG TERM TARGET: +90$ and more
https://www.tradingview.com/chart/LINKUSD/oIUZIbOc-LINK-Marines-Assemble/
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