Hi friends! Welcome back and I thought

that we would have a quick break and stop in with chain link to see if it

wants a cuppa! So here we are, let’s just dive on into the charts and have a cuppa with Chainlink. That’s lovely. So, here we are and that Chainklink versus the US dollar on the 24-hour chart . looking at it willing finance at a

minute and this is trading view of course and I’ll just have a quick

explanation of the colored lines down below this solid colored lines are

exponential moving averages the dotted lines are simple moving averages and the

yellow is 21 the green is 55 the red is 50 that’s the simple red the yellow ah lovely right so we’re back in the charts

and if you look up above me you can see the price of chain link currently is

four dollars and 44 cents this close this menu over for net and explain

quickly here what these lanes are the seller planes are all exponential moving

averages the dotted ones are simple moving averages that 21 is the yellow 55

is green 100 is blue cyan and the 200 exponential is this purple line as for

the simple within averages the red dotted line is the 50 and the white

dotted lane is the 200 so you can see over here that just where I’m hovering

now we had a cross on the 250 which is the Golden Cross when the 50 crosses to

the upside and that’s a very good thing in terms of an indication of the trend

being very bullish so as we can see we helm really more or less nodes that team

likes mean very bullish recently and it’s had a great rise up in price let’s

just sort of measure it if we can real quick oops so try again

so it’s gone up almost 100% in price since it around this area of the of the

cross happening so that’s really great and and what come here try and figure

out in terms of looking at this chart and where the price could be going next

well this is it against the tether USD on Finance and you can see that there’s

there’s different the way that these these wicks of APRI

it has been different across different exchanges you can see on claim base over

here we’ve got a different all-time high in terms of the in terms of the price

and there’s this work here so if you you can draw a Fibonacci retracement down

here on this and on this time line here and you can see here if I just extend it

right the wheel where where the current prices currently offer in and around is

of course that yellow line denoting the 786 retracement point here so we’ve

don’t really the price is done really really well Boston right through the six

one eight here which is this Green Line and haven’t come up here and been

testing off of this and trying to find whether or not it’s going to operate as

support for us in terms of this overall moving upwards now if we just go back as

well we could also wonder is just before we go away from this to actually if it

will come and retest the six one eight so I wouldn’t really get bearish on this

asset unless I were to drop below that 360 area and praise but I am trying to

see if we’re going to get a higher a little stay and it’s managed to do quite

well and being relatively stable in price with great big wicks going up

either either up and down here and I wonder if this one which came down to

380 was close enough is close enough in terms of sitting in a higher low here on

this upward movement or not so we’re just going back over to bayonets and and

see how in terms of this if you were to draw on a Fibonacci retracement on here

let’s just get one on the go down there and to see there then you’re looking at

a different a different story in terms of where these wicks come in at and of

course the six one eight being closer to sorry at 786 here being closer to rid of

620 it was on the previous chart but however it would get rid of that instead

and look at it on the old-time laws fingers won’t be saying stone a bit

that’s one of course but I’m just drawing it in here and you can see if we

use this particular wick for let’s just use the actual all-time high that we’ve

got so far and based off of the whole time rule so that we’ve got this as a

chart to look at for us to see if there’s anything interesting on the go

and you can see well this came all the way down to where the 620 is on the

other charts and this is the two three six here so we’re really looking to see

if this can be remain invalid or treatment in the sense that

we want the price to remain above this song here or else we’ll be able to look

at this as actual retracement just to give you an example of what that was

like before the previous all-time high you can see you in the price came up

tested off this area and then came back down below this area here that was a

crucial area where you could see that now we’ve got a retracement which is

valid that we can look at and start basing trades off that you can see that

gave a good entry here in a short and aim down here we found support for some

period of time but we knew that we potentially be breaking on down into

those golden pockets on here which ultimately did happen again and and then

after we came up up we were detected off 382 and then underneath there again for

another chunk of potentially for accumulation for this big move up here

now the question does remain will we stay above this particular area and make

it so that it’s an invalid Fibonacci retracement on this on this overall view

and let’s just look and see well we’ve done that so far

and that’s excellent so the current price at the minute is like I said 440

and we’re effectively in the middle of this range here that’s so that’s if we

were to be looking at this for current entries and exits profit targets and

risk management then you’ve got 480 to the upside and of course I’m 3e to the

downside but we’ve been put in terms of just managing risk and entries and exits

another useful horizontal lane to maybe handle on our chart here for now just

get the horizontal line sorry we’ll be in and around and where the previous wit

came down to where this body’s found support and where we had plenty of wicks

in here as a sort of zone really between these two areas if we were to try and be

entering into Long’s but I’m not finished up layer known as financial

advice but that’s maybe were to be looking to and that side indeed if we

were not to just continue to trend on it which we may well be doing overall and

could we get some sort of triangle a flag happen in here

and over the over a period of time there’s something like this could happen

where we where we train sideways for a while in the meantime however why I’m

really looking to is those two previously defined areas to see which

direction we’re going if you’ve just become an interstate hireable I could

always happen in around the area of the of where that blue line is or indeed

even in around this area where right now in terms of Crowther continues into the

Upstate that’s bulls against dollar so let’s finish off by taking a look at it

versus Bitcoin and we can see on the Bitcoin charts that and it’s living

above all these major moving averages neural spread-out found out to the

Upstate nicely and there was never any need for a Golden Cross since they have

the Golden Cross back all the way over here on 15 for me last year it’s

actually respected that and maintained its a upward price directory all the

time again Bitcoin so you know really what good performer in the market

overall and one to be keeping an eye on generally speaking it has more legs

possibly than the others in terms of and other than other altcoins in terms of

form and well against Bitcoin and we and we have the same sort of general area

though in terms of the keeping area here in around this area as reflected on this

on the dollar price as well and their own the forty thousand so to use that

forty thousand says fifty forty five thousands and so she’s yes so and so

around forty thousand total she’s there and or 39,000 satoshis as an area for

managing our risk around and if we were to be more greedy or have some formal

there would be anything above there to up to here in room where we could be

ranging before we try and go on again and off another line here and see if we

can actually break above that area and took any attorney from our up sleeper

that would definitely be a fairly greedy profit-taking zone for us so that wraps

everything up hope you’ve enjoyed the teamlack analysis have Dontae Bitcoin

and etherium analysis today as well so like and subscribe for daily videos and

check out the channel if you want to see those other ones thanks very much for

tuning in today for this one see you next time