Chainlink seems to be bottomed out recently with a solid reversal. A strong Bullish Candle on weekly chart indicates downside is very limited on chainlink against Bitcoin. Chainlink has made new all time high against USDT which is also a good sign in long term. It may re-test 19.50 USDT level before initiating it’s move towards 30 USDT.

SIGNAL:

Buy at 0.00057 btc.

take profit 0.0015 btc.

stop loss 0.00030 btc.

 

Chainlink is ready to Go for NEW ATH.

Chainlink finds support on Bullish Trendline which was started in April, 2019. RSI in day chart is overbought which indicates Chainlink is ready to go to the north against it’s counterpart i.e. Bitcoin.

Signal:

Buy at current price 0.00045 BTC with stoploss at 0.00023 (50% risk) and profit taking should be around 0.0016 BTC (300 % Reward). This signal is for LONG TERM traders.

Disclaimer: Not a legal or financial advice. Please invest your money with due diligence and at your own risk.

Overview:

Bitcoin is highly overbought now. RSI on weekly chart is above 90%. We think it’s the GREED and FOMO of retail investors which is dragging BITCOIN up. We’re expecting sharp downfall in Bitcoin dominance soon.

Other Option:

There are some other opportunities which seems more attractive than Bitcoin in respect to ROI (Return on Investment). Defi is one of them. Let see DEFI INDEX PERPETUAL CHART:

In this chart, you can see the DEFI INDEX PERPETUAL chart is making BULLISH BLAG which tells us breakout on upside is coming soon.

Following is BULLISH FLAG PATTERN:

You can see the 6th wave is underway.

SIGNAL:

We recommend our readers to invest in DEFI COINS now instead of BITCOIN. Our feverote picks in DEFI are CHAINLINK (current price $10.80) , Yearn.Finance (current price $22,000) , AAVE (current price $72) and REN (current price $0.25)