kiu_crypto

best buy opportunity for the LINK πŸš€

Long
BINANCE:LINKBTC   ChainLink / Bitcoin
Hello traders 🐺 .

this is a full and complete idea about LINK so make sure to stick with me until the very end and make sure to follow me on trading view to have access to all of me new ideas and updates about BTC and Altcoins .πŸΊπŸ™

this idea is a little bit different from my previous ideas because in this specific idea I wanna first look at the LINK/BTC chart to show you link situation against BTC and show the strength of the LINK against BTC :


in the chart above we have a very interesting things about LINK and in my opinion this could be an amazing buy opportunity for the LINK but why ?

first thing is that if you look at the chart you can see for about 500 days LINK/BTC was at the downward and accumulation phase and also in the RSI we have the same thing and the important fact is that the one of the biggest resistance line which push LINK to the down , now is breaking and in the RSI we have the same thing happen πŸš€ ; but why this is important for us ?

the reason why is that , when one coin show strength against BTC and also if that coin have the bullish sign against the USD this convergent of the bullishness could lead into the massive price pump , the bigger time frame you have this fact , the bigger result you might see .

if price could reach to the all time high price against BTC it's mean that we could see a 170% price rise just against BTC so there is possibility to see much higher result against USD .

So now it's time to talk about the LINK/USDT :
here we have the Weekly chart :

in the weekly chart you can see LINK price currently is in the very obvious ascending channel and now it's seems that LINK find bottom from the support line of the channel and it's very look like a W pattern , do you think to what I currently thinking ?

LINK/ BTC break the 500days resistance line , LINK/USDT created W pattern of the weekly chart and hold above the weekly support trend line and also in the RSI . RSI value is about to break the resistance line
do you need more bullish sign ? ok let's look at the daily chart :


in the daily chart you can see LINK created a W pattern and break the neck line which was in alignment with the daily resistance structure , with good amount of the volume so this is a legitimate break out , if you ask for the target of this minor W pattern , I think the most probable target for this W pattern is very close to the weekly resistance structure .

🐺I hope you enjoyed this analysis.
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But almost always profitable . 😎
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