Chainlink price has been suffering for after May 19 crash and has stayed under a critical barrier because then. However, LINK is turning around as it coils as much as grapple with this hurdle and cause a new upswing.
Hello everyone !
Today the Black Cat Trader is analyzing LINK on a weekly chart.
What we can see :
- Using the « trend-based Fib Extension » on the last four impulsive waves, we can see that each ATH tops at minimum into the « 1.618 fib extension » (during the waves 2 and 3, prices top at level « 3.618 »)
- Using the pitchfork, we can identify a strong...
Chainlink price could create one of the most sought-after bullish entry setups in Point and Figure analysis: the Bullish Catapult. However, buyers must keep Chainlink above a certain price threshold, or the pattern will be invalidated
Chainlink price has been hovering below a crucial resistance level at $28.20 for the past two weeks.
A decisive close above this...
1. 5 impulse waves done.
2. 3 Corrective wave, making wave B a bulltrap and creating a new ATH (2021May).
3. For trading strategy, I expect there will be a small correction in October to create a higher low(smart money entrance) before straight to the moon.
1. Third impulse wave ATH 2020 = Fib 4.6
2. Bull trap wave B...
$LINK is trading inside a falling wedge, that is a bullish pattern. I think it is possible to touch the lower line of wedge around the daily support zone then break out from wedge. but it is not out of mind that break out in this swing high. keep eye on it, after the break out #LIKN price can increase as high as the blue line.
Chainlink ($LINK) is suspected to make a big move upward soon supported by another beautiful cup and handle formation on the daily.
A Golden cross is also occurring and the fact that the MACD shows bright pink histograms signaling a decrease in selling momentum
, which confirms a significant move upward is on the horizon. Conservative Breakout target...
LINK is usually very strong in altseasons, that being said, with its fundamentals, bulls would usually pump link.
That being said, its also about to be breaking an important level of resistance, which will also confirm another huge leg up atleast to the 30$ levels.
For that, i'm long with -10% stop loss.
Hello my dear padawans,
I just tried to find out patterns, trendslines, supports and resistance in LinkBTC pair.
I think Link will pump at least to 0.0014BTC level asap.
Let's see what's gonna happen.
May the force be with you.
Please support this idea with a LIKE👍 if you find it useful🥳
We have right here the inverted H & S in play. The left shoulder and the right shoulder has completed it's formation. Once price hit the neckline at $26.4 and fails to break it.
Then, I expect a reverse to $21 to complete the right shoulder. And once price breaks the neckline at $25.50 - $26.40, I...
Birthed with open MA's (layered 50,100,200)
This is the most bullish state these simple MA's can be in
I see LINK staying like this, creating a steep price path
I used another chart on the right for a comparison
This is a very very bullish price nature
Crypto market has been rising for 11/12 days without taking a break,so it is likely a small pullback before rising again.The price got rejected by EMA200, RSI is almost at oversold area and the price is at the top of the bollinger bands.It is possible to set a short position with a entry near the top of the wicks of the last 3 daily candles and a stop loss above...
Start by pressing like.
We are looking at the 1 hour chart of LINK/USDT.
13$ served as a good support level.
Chainlink's largest event of the year is scheduled to run from august 5th to august 7th.
Good news could push the price to $25, $28 and $30 range.
On the other side, the (potential) good news could already be priced in.
WIth this analysis I applied:
1) ELLIOT WAVES
2) Fibonacci trendline extension
3) Lengthening theory
Why am I sure Link is going to go up (together with other strong tokens)? For the following 3 reasons:
1) BOLLINGER BANDS: Bollinger band indicator on the weekly flashed green
2) BULLBEAR TREND: Bullbear trend is still strong and will flash BUY soon
We can see that chain link has been inside of a rising channel from the beginning of it being listed. This being the solid asset it is, it reminds me of the movements the SPY or DJI mimic on the charts.
As we can see in this chart, not only has Link broken out of the falling wedge but, is also at the bottom of the multi year channel. I have listed the trade set...