Link Chain Analysis - 25 August
LINK is making higher highs and higher lows after being rejected from a weekly support level, making a rising wedge pattern. Usually, Rising wedge pattern indicates a bear movement. But here in this chart as you can see, the candles in between the two trend lines are respecting the support and resistance of trend lines. Link is right now at a very crucial stage,...
LINKUSD looks topped, but incredibly bullish in the same time. Despite of a sharp drop of BTC, LINKUSD almost recovered from that and looks like pushing to a new highs. It seems crazy trying to short such a strong trend for me even if it looks like a top. I'd better wait for a big spike like before and doing something after that. Hit the "LIKE" button and...
From a closer view and taking into account our last update (see attached idea with green RSI arrow and do not forget to give a like), millions of scenarios although the ones I like the most are these: 1.- The price action breaks the resistance at 4.09 and continues to rise to the next fib level, at 4.73 2.- The price cannot break and follows the lateral trend of...
Nice RSI movement here. Just relax and wait! Please find here all lines in play so far. Thanks!
4H hollow candles. Bars pattern repetition expected. If the price follows the previous movement, up to +56% expected. Picks and dips are shown. Horizontal lines showing support and resistance areas. Fibonacci shows nice entry point. rising volume no FOMO/FUD by traders. If MACD crossing fails the price will go deeper. Good Luck