We are at number seven chain link with the ticker link uh, so for chaining against btc. We are out of the channel, but yes, we are out of the channel. The thing is no, i don't really feel like. This is a positive move. I still don't feel like this is a positive move. Um. You know. I really wish uh that you know uh that when we broke we broke with huge volume and there was a huge candlestick. You know and it pushed the price up up up up and away closer to the top, but that is not happening. No volume came in no big candlesticks came in this is a very weak break. If anything so chances are, it could still fail right. Yes, we can go higher, but chances are. We could still drop lower right. So you know be very, very careful about going long for chaining, in my opinion, still very uncertain for chaining. I still don't know exactly what the chaining wheels are trying to do. There'S still no clear uh moves yet coming in for chaining uh. We could still fall. You know if bitcoin falls: cheney is going to fall if bitcoin rises. Obviously, cheney is going to rise as well right and then we could continue on our merry way towards the upside, but i don't see that happening anytime soon, right uh. Not yet, though, the potential is there it's just that we have to watch uh the next movements of this uh of the next few days here in the next seven days.
Until we come back to chain link next week, the next seven days, we would like to see whether if chaining is going to go higher with volume, green, green, big, green volume bars or are we going to drop lower if we drop lower than potentially chaining could Be making preparations to break the skinny pink line, eventually so yeah things aren't, really looking that good for chaining at this point of time. Not yet it will, it might uh, but not yet so. We'Re just gon na have to monitor things very very, very closely. All right, uh, let's, move on to chaining against usd, but before that, please give this video a like if you enjoyed it subscribe to the channel, and let me know what you think about chaining in the comments below let's check out last week's comment. We were saying chinese it's in a channel right. Crypto says thank you for videos, you're, one of the first youtubers i always watch daily. Thank you very much for the kind words george says slanted and showed us against bdc yeah. I know you're talking about you're talking about this right and it doesn't really look like a head and shoulders to me. This way, yeah and it's too slanted for my liking so yeah to me it is not a head and shoulders maybe to somebody else. It might be, but to me it is not rahim says broke out the channel baby. You are right, virtual says not all make this will fall.
It can stay green for a while. If bitcoin takes up it can happen. Yes, you're right you're, so so so so freaking right let's check out link against usdt. Just because things are overbought, doesn't mean it is going to reverse things that are overbought can stay overbought for a long time. Things that are oversold can stay oversold for a very, very long time. Uh s case in point will be litecoin against bdc we've been dropping all the way down for how many years we've been dropping down and down and down so yeah things have not been looking good for litecoin against bdc for a long long time anyway, for training Against usgt again, we broke the channel as well. This is not what i would call as a significant volume yeah. This is what i call significant volume that came in significant candlesticks right, any significant candlesticks, significant volume chances of failure. Will it fail? Are we going to rise higher? We have to monitor very very closely. If we go higher and close to the top over here, then yes, things could start turning bullish, but not until we see it happen. First right so yeah because there's always the danger that things could drop lower, uh, so yeah. I think we might even rise up take out the stop buys over here and then reverse back down that's that that could happen as well. Um we're still not entirely sure. What'S happening yet so yeah we're, not gon na, be rushing into anything until we have a clearer chat pattern from the wheels of chain link.
First, all right, i guess that's it for my chaining technical analysis. Thank you very much for watching. I hope you enjoyed it.