An Ascending triangle is created on the 1D chart on ChainLink and a reversal uptrend move is already on the way finishing the 1st elliot wave creation and is now in consolidation for the start of the 3rd. Since Feb 2018 Link was in a downtrend like the other crypto assets in the market. After an engulfing bullish candlestick creation July 25 it already setup its movement and developed a good reversal pattern after that and started to consolidating after a rebound downwards at around 4083 sats area which is the 23.6% fib ret. level. RSI rebounding back upwards and currently at 46 and 50EMA is almost under the price. Next scenario is a leg up towards the 38.2% fib level around 5185 sats. Volume is starting to show some moves and if it keeps moving on its pace we might see a break of the triangle within the following 2 days. A confirmation for 3rd wave creation is if the chart can close above the ascending triangle.
Entry Zone : 3000 sats -3600 sats
Stop Loss : 2200 sats
Possible targets
Short Term Targets :
T1 : 3883 sats
T2 : 4372 sats
T3 : 4860 sats
T4 : 5555 sats
T5 : 6440 sats
Mid/Long Term Possible Targets
T1 : 4083 sats
T2 : 5185 sats
T3 : 6076 sats
T4 : 6967 sats
T5 : 8235 sats
T6 : 9850 sats
Good Luck.
Legal disclaimer:
Information on this channel is our team's analyst's "opinion" based on data available at this point in time. These opinions are not recommendations to buy or sell securities/commodities and cryptocurrencies. Trading and investing is a risk and you should not rely on this data to make any financial decisions. You must consult a financial advisory licensed by regulatory agencies in your legal jurisdiction. All information stated here and in our reports don't guarantee any possible profits or losses. Please do consider to do your own due diligence and research when making any kind of a transaction with financial implications.
With Regards. TeamTWA.
Stay tuned to our channels to get more updates. Don't forget to give a like if you agreed with this idea. or put your comments below if you disagree on it.
You can also follow our telegram channel for more news, TA, FA, and trading tutorials. With Regards.
Entry Zone : 3000 sats -3600 sats
Stop Loss : 2200 sats
Possible targets
Short Term Targets :
T1 : 3883 sats
T2 : 4372 sats
T3 : 4860 sats
T4 : 5555 sats
T5 : 6440 sats
Mid/Long Term Possible Targets
T1 : 4083 sats
T2 : 5185 sats
T3 : 6076 sats
T4 : 6967 sats
T5 : 8235 sats
T6 : 9850 sats
Good Luck.
Legal disclaimer:
Information on this channel is our team's analyst's "opinion" based on data available at this point in time. These opinions are not recommendations to buy or sell securities/commodities and cryptocurrencies. Trading and investing is a risk and you should not rely on this data to make any financial decisions. You must consult a financial advisory licensed by regulatory agencies in your legal jurisdiction. All information stated here and in our reports don't guarantee any possible profits or losses. Please do consider to do your own due diligence and research when making any kind of a transaction with financial implications.
With Regards. TeamTWA.
Stay tuned to our channels to get more updates. Don't forget to give a like if you agreed with this idea. or put your comments below if you disagree on it.
You can also follow our telegram channel for more news, TA, FA, and trading tutorials. With Regards.
Trade closed: target reached:
This is absolutely doing very good and Link is moving exactly as expected. RSI is at around 62 and both the 50EMA and 89EMA are below the price. If it can close above the triangle this would be a great upward move to see. For swing traders our yesterday call it reached 4313 sats -0.54% so far which is a total of 43.76% in just less than 13 hours.
Pair : #LINK/#BTC
EntryZone : 3000 - 3600 sats -0.54%
SL : 2200 sats -0.54%
T1 : 3883 sats -0.54%
T2 : 4372 sats -0.54%
Reached : 4313 sats -0.54%
Duration : 13 hours
Total Profits So far : 43.76%
Congrats for all our swing traders and chart update will be available for next leg up. Don't forget to Like or give suggestions on our ideas. With Regards. Team TWA.
Pair : #LINK/#BTC
EntryZone : 3000 - 3600 sats -0.54%
SL : 2200 sats -0.54%
T1 : 3883 sats -0.54%
T2 : 4372 sats -0.54%
Reached : 4313 sats -0.54%
Duration : 13 hours
Total Profits So far : 43.76%
Congrats for all our swing traders and chart update will be available for next leg up. Don't forget to Like or give suggestions on our ideas. With Regards. Team TWA.
Trade closed: target reached:
This is absolutely doing very great again and Link is moving exactly as expected. Now it seems there will be a healthy pull back for a correction before another rally upwards. For swing traders our Link call reached 4860 sats 2.09% so far which is a total of 62%% in just less than 34 hours.
