Chainlink bounced off the top of the Resistance Zone at $20.00 and is threatening to break out. Is this a situation that calls for a long or a short?
How do we trade this? 🤔
Never long in a Resistance Zone! But also, don't short prematurely. I believe LINK will make an attempt to break out of the Resistance Zone, but we need confirmation of the break before we...
Chainlink is knocking on the door of the Resistance Zone and forming what appears to be a teacup and handle bull pattern! Do we long now? What should our signal to enter a trade be?
How do we trade this? 🤔
Link completed its measured move up to the resistance zone, pulled back, and made another attempt to breach the $16.30 price but failed. If the teacup and...
Chainlink had a fantastic breakout of the Weekly 200EMA closing two weekly candles above it. We're about to close a third bullish weekly candle in a row, so should we long at this level? Not so fast!
As a trend continues your probability of profit increases in that direction, but that's in exchange for greater risk because your stop loss must be placed under the...
Chainlink is at the bottom of the trend line as shown by my indicators, there should be at least a chance of ranging along the context ., Pro momentum is almost at all-time lows, and based on history it suggests that it is indeed an excellent time to buy.
Even if everyone is respecting that we will drop more, history again has shown us that crypto never behaves as...
This is a trade I've been anticipating for a long time. ChainLink is finally showing signs of reversal of the bearish trend that lasted for a year and a half since August 2020. ChainLink has been consistently outperforming Bitcoin. I expect ChainLink to climb 60% by February 2021 and to triple versus Bitcoin by July 2021. If you consider that Bitcoin itself will...
Hi Traders!
We are looking at the one day graph of link/usd ..
We can see a MACD Cross whereby the fast line has crossed the slow line, which is indicating a shift in momentum. Bullish in this case.
Furthermore, we can see a bullish engulfing candlestick candle on 29-03-2021. The previous bullish engulfing pattern dates from 01-01-2021, which resulted in a...
