- Holding the Strong Support (17k Sats)
- Making Falling Wedge as Well in Daily Chart.
- Volume is Decreasing & Indicators Are Turning Bullish.
- If Remain Above the Support Then Breakout Expected in Coming Days..(67% PP)
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Hello, today we are going to look at a rather interesting currency ChainLink.The interesting thing about it is the price and it is proportional to the price of Bitcoin (~ 75-100%). What does it mean? a perfect investment alternative as its price at the time of writing is $ 1.78. Some of you will be wondering what makes it so unique after Bitcoin is the "King"....
Priceline of ChainLink / Bitcoin has formed a bullish shark and entered in potential reversal zone.
RSI has still more room to enter in oversold zone.
MACD is strong bearish.
Stochastic RSI is oversold but did not give bull cross.
Volume profile is showing less interest of traders here
I will suggest to wait for MACD to turn weak bearish or for stochastic RSI...
LINK has been one of the best performing top 100 market cap alts in the first half of the year.
After making all 5 Elliot waves it was time for some correction. It seems now it is the perfect spot for new growth:
- we have a higher low (bullish sign)
- its located in the area between 0.618 and 0.65 Fibonacci levels (golden pocket)
- there is a strong support line...
I predicted that Chainlink would drop to my blue shaded area (previous peak) a few months ago. I posted this idea to Tradingview and here is the result. Link has broken the .618 and looking to touch down on the 200 EMA on the daily. Will monitor Link closely this week as it seems we may have an opportunity coming up soon.
Looks like a bearish trend is fully in play here. Could get interesting if this does not bounce.
This could bounce up but if it falls below it could really go a lot lower.
Wait for clear direction before deciding
LINKBTC 0.618 fib rejection on the weekly TF. 4 hour chart price has broke bearish structure and has successfully retested the trendline. I really like this coin been mostly because it does not follow the same trend as bitcoin and I think it has huge potential in the upcoming bull run, what are you thoughts?
Priceline of Chainlink / Ethereum cryptocurrency has formed a bullish cypher and entered in potential reversal zone.
But MACD and Stochastic are still strong bearish therefore I will would suggest to wait for weak bearish signals from MACD or bull cross from stochastic for secure trade otherwise the leg can move more down to form a shark pattern.
I have defined...
I've been targeting 1.4-1.5 range since $3.20s. Felt at first it would be difficult to achieve yet things are still playing out. We should see a bit of relief here to only then fall back down further for launchpad.
LINK is approaching the main zone of interest right now. Traders can look for entry points right now with a stop under the dynamic line. Zones of interest and targets are on the chart. Good luck everyone!