Chainlink
Bullish
"$LINK
Bit tricky here - the corrective structure is quite rare and extended, but that makes sense given the broader alt market.
There are two viable counts right now - either a triangle or a 1/2 flat–zigzag.
Overall, I’m looking for a partial wick fill before we start seeing $100+. The breakout is coming - but only for the patient.
On the LTF, looks like a triangle (ABCDE) forming in the B or X wave before another spike lower.
A great spot investment imo, or range trading opportunity for now."
Ethereum
Bearish
"$ETH
Still looking a bit cooked here - likely seeing our first A wave of the Y completed, even though it’s not super clean.
I also think we’re now working correctively for a B wave within that same Y.
Overall, 0 impulsive price action until proven otherwise, and being bullish here is pure hopium without reason IMO.
Happy to be wrong, but I’ve always looked at charts without bias or emotion.
Given the chop, I definitely think the triangle scenario is valid, and ultimately I’m looking for sub-$3K ETH once again."