Very similar price action, no?
The only difference really is that the first touch on 1.618 didn't exactly (touch)
But it shows the potential, of how quickly formations that look at first sight really bearish, have hidden bullish characteristics.
A Trading Signal is seen in the LINKBTC Chainlink / Bitcoin
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 0.000744
⭕️SL 0.000669 or SL on uptrend breakdown
🔵TP1 @ 0.001040
🔵TP2 @ 0.00130
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Following is my analysis for CHAINLINK (LINKUSD) using wave theory & Fibonacci measurments:
1) On Apr 15th, CHAINLINK (LINKUSD) touched its all-time high $44x
2) The market went into a correction mode after a 4-month uptrend taking the price from $9 to $44
3) The correction looks like a wedge correction called triangle diagonal in Elliot series forming...
". There is a possibility of temporary retracement to suggested support line (0.00110).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
. LINKBTC is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which...
✅In this video, we talked about Bitcoin, SPX and LINK.
I see a great potential in this short trade.
My 3 reasons are
1) Too far too fast
2) TD 13 on Daily and Weekly Sell Signal
3) Megalodon Institutional Investor Strong Sell Signal
4) 60 minute price location breakout level
5) Good risk reward
6) Coronavirus shotdown in states
7) Stock market TD9 Top
Sorry to keep it short & sweet with another quick 2 publications today! I promise I"ll make a nice fat juicy/lengthy one tomorrow :)
Everything you need to know is on the chart including the stop (included 2 figures)
Personally I'm going for TP2; CHAINLINK has been and will be one of the more promising tokens ushering...
The fundamentals of Chainlink suggest this coin may become a monster.
Right now however the weekly chart looks top heavy and we might see LINK drop to $3 from its current 3.70 (a 22% decline) to find support before testing its ATH at around $5.
One to watch because above $5 its open price discovery and we currently expect LINK to be a top performer in the...
https ://imgur.com/ gallery/ NWoHfMm
https: //imgur.com/gallery /95QLy0s
(Spaces in betwen both links; delete them in the web browser for access, otherwise TView won't let me post them)
FIRST AND FOREMOST....I feel it necessary to explain myself as to why the hell its been almost 2 weeks since I published anything; let me put my (small, but vocal & loyal...
$9.5 long term target in $LINK
We're patiently waiting on +$8
That level will be your golden opportunity for a move
Moving below $1.97 would invalidate the short term count and give us a bearish warning.
It also doesn't help that the chart I used (binance) differs from the current one (coinbase). Fucking scam wicks! And that's not the...
In the month of Sep 2019 the price action of Chainlink took the power full bullish divergence and after making upto 131% bullish move now the price action has formed a falling wedge which was initiated in Oct 2019.
Now the price action is likely to bounce from the support of this falling wedge in the meanwhile the priceline...
Buyers can be very pleased just by looking this chart of Chainlink. One of the most profitable coins lately being parabolic to Bitcoin.
As seen on the chart, when the RSI posts this bearish divergence with the price candles hitting Double Tops, the pair makes a top, pulls back and consolidates until the next run.
Each time the pull/ consolidation phase is...