This market analysis represent my opinion, therefore I do not take any responsibility for the use you make of it.
Good morning Asia! I hope you have a deserved rest over the weekend and are bright and alert for a fresh new week. While I await a positive sign/change from ALGO/USDT, I would like to share with you my crypto of the day - LINK/USDT. It is showing signs of the start of a new uptrend. Retracing from the low of the previous uptrend in April this year (where the...
We escaped from our falling channel and now this all looks like we are flatting in accumulation zone. Tested our old channel from above. MM is just accumulation position before a huge move. Lets see. Zones of interest and targets are on the chart. Good luck everyone! DISCLAIMER: This is just my opinion and view of the market. Please keep this in mind and...
LINK been falling like all other shitcoins did, and now finally reached good support at 21.45. Next strong SR pushed the price up as well and now LINK/tether pair has some progress and future, despite BTC USD value fall. Support at 2.28 may hold the price and even push it to 2.4-2.5$ Better have stop loss below 2.2$, as if crossed, it may fall lower to 2-2.05$
Same adam and eve pattern as bitcoin, also a lot of other alts show the same pattern so measure move after breakout confirmation are the 1.272 and 1.618 fibs.
Priceline of Chainlink (LINK) / US DOLLAR has formed a gartley and entered in potential reversal zone. From here the price action can hit the sell targets soon insha Allah. I have defined the targets using Fibonacci sequence as below: Buy between: 2.29220 to 2.16370 Sell between: 2.39337 to 2.63627 Regards, Atif Akbar (moon333)
I'm going to assume that the red line 200-EMA is the bottom of the long-term channel. We're entering a new bull market (bitcoin ribbon difficulty) so there's a decent probability that it will bounce off the 100-EMA and if it crosses down to 200-EMA that should be a great BUY opportunity between 100 and 200 EMAs.
we are almost finished with the retracement of wave 2. 2 targets for the end of wave 2 indicated in red on the chart. It will be followed by a big pump (wave 3). Invalidation of the plan if wave 2 retraces under the beginning wave 1. Happy trading! #CHAINLINK #LINK
Quick TA Not looking promising for Chainlink
Ascending wedge broke down out of support. I would expect another ascending wedge and then an eventual bounce off 2.39. If 2.39 is broken, next support would be 2.30.
LINK/USDT chart update LINK looks bullish but overbought. These are areas of potential bounce: 2.45 (very bullish) - 2.35 (bullish) - 2.22 (in this case safe bounce only till 2.35). For bullish bouce zones it make sense to hold for longer time, as we may expect it to grow towards 3-3.2$
Ascending wedge forming with strong resistance at 2.72.
I think that next stop is at 0.618 Fibonacci line, which in 3-day graph should put us roughly at $ 2.0400 mark. Which may not hold if BTC moves even lower to around 8300-8100 usd level. If that happens we will definetly see LINK at $ 1.7 or lower. MACD Indicator is showing us, that we are about to cross down from moving average, which is not a good sign. But...
Bears have the momentum after breaking out of this Equilibrium pattern with lower highs and lower lows.
Soo, Looks like we have support at 52EMA We have a consolidation phase as right now. just wait for green MACD histogram to buy First Target: 4.32
This is a bullish setup / pattern. Buying volume coming in steadily, RSI looking strong, and I think everyone wants to pump LINK. I don't see any reason for this to not break out, honestly. I expect a 5 wave impulse up. My targets are listed as I see which way we break out. Good luck out there everyone, stay safe. Please consider giving me a follow, it would be...