LINK bull-run has started – going towards the 'decade'-VWAP level to consolidate – followed by breaking out of a bullish closing wedge (yet to happen). Breaking out of this formation would mirror 'X' distance onto breakout-point above 'Y', this would translate to a price level of approx. $5. This post will be updated continuously when mentionable changes...
If Link loses the uptrend it will very likely test the long established trend line again. When that support brakes next target imo will be around the $1,00 region where there is a nice cluster of the 1:1 extension from A to B, the bottom of the parallel channel and the median line from the original Pitchfork.
LINK/USDT is a fantastic looking chart. God it's beautiful. Just look at all those meme's. I can't wait to see the no linkers tears. I am LONG, I repeat LONG AF on $LINK. (Why is meme not a trading view tag category yet...)
It would make sense to be forming a large pennant pattern after the run Chainlink has had in 2019. I expect it to go for a re-test of the upper trendline if we see some bullish price action from Bitcoin. The 2 red resistance lines are the major resistances I'm watching on this move up. I would expect some bigger consolidation after touching one of them. There is...
Priceline of Chainlink / US Dollar cryptocurrency is forming bullish Shark pattern and soon it will be entered in potential reversal zone. This PRZ area should be used as stop loss in case of complete candle stick closes below this zone. I have used Fibonacci sequence to set the targets: Buy between: 1.7689 to 1.7263 Sell between: 1.8130 to 1.9038 Regards, Atif...
After forming the Shark pattern in Sep 2019 the price action of Chainlink took a very powerful bullish divergence form the potential reversal zone of this bullish Shark and made more than 107% bullish Move Upto Nov 2019 the price action starting moving within a falling wedge which is very steep and at this time the price action is hitting the resistance of the...
Chainlink has broken down a rising wedge. The decreasing volume (on the bottom of the chart) is confirmation of the successful breakdown. Based on wave analysis, it is possible it may downtrend further. Shorts are not something I trade personally, so this idea is only for the benefit of my followers who do and for those considering adding to Link's technical...
If we begin turning around while above our lows I expect to see a break of this channel towards $2.45-.60.
Priceline of Link / US Dollar cryptocurrency has formed a bullish Cypher pattern and entered in potential reversal zone. This PRZ area should be used as stop loss point in case of complete candle stick closes below this area. I have used Fibonacci sequence to set the targets: Buy between: 2.25367 to 2.22120 Sell between: 2.27844 to 2.33996 Regards, Atif Akbar...
Priceline of Link / US Dollar cryptocurrency has formed a bullish Shark pattern and entered in potential reversal zone. This PRZ area should be used as stop loss point in case of complete candle stick closes below this area. I have used Fibonacci sequence to set the targets: Buy between: 2.28867 to 2.06581 Sell between: 2.48814 to 2.94519 Regards, Atif Akbar (moon333)
Priceline of Link / US Dollar cryptocurrency has formed a bullish Gartley pattern and entered in potential reversal zone. This PRZ area should be used as stop loss point in case of complete candle stick closes below this area. I have used Fibonacci sequence to set the targets: Buy between: 2.88554 to 2.81093 Sell between: 2.94427 to 3.08634 Regards, Atif Akbar...
I think it's better to look at LINK based on ranges rather than trenlines at least for the moment. The trend-lines that I see have a lot of false breaks from them. That's not to say it isn't holding those particular lines. It's just better to rely on these ranges than see it dip 2-3 cents below the line and shrink back up. What I mean by 'ranges' is the area...
Quick update, We aren't out of the woods yet but we're certainly looking better. We seemed to have completely avoid contact with the original H&S support line with a short term trend change, and now we're working our way back to test some upper resistance lines. I'll personally be watching breaks of these lines and how much follow through/volume we get. I really...
So this chart started out with just my two white trend-lines, and after drawing them I realized that there is also an Inverted H&S along my resistance line. I seem to be finding these a lot lately and I'm kind of questioning their reliability. I think this is going to come down to which trend-line breaks first and confirms its H&S. If we break down it's possible...
Priceline of Link / US Dollar cryptocurrency is forming bullish BAT pattern and soon it will be entered in potential reversal zone. This PRZ area should be used as stop loss point in case of complete candle stick closes below this area. I have used Fibonacci sequence to set the targets: Buy between: 2.55092 to 2.57797 Sell between: 2.64015 to...
There is 'potentially' a Inverted Head and Shoulders on the 15min time frame. Make sure to set a stop because it could certainly keep going down. Info is on the chart. Hit me with a like if you found the analysis interesting! I'll do my best to update the post if I see something meaningful.
I'm fairly new to TA so take this idea with a grain of salt. With that in mind these are the potential options I personally see playing out. Most of the information is on the chart. I think a buy in around $2.66-.68 with a stop right below $2.65 is great risk/reward. If it breaks $2.65 wait to see the test of $2.50 support and if we get a nice bounce do the same...
Priceline of Link / US Dollar cryptocurrency has formed a bullish Gartley pattern and entered in potential reversal zone. This PRZ area should be used as stop loss point in case of complete candle stick closes below this area. I have used Fibonacci sequence to set the targets: Buy between: 2.30520 to 2.25215 Sell between: 2.34697 to 2.44721 Regards, Atif Akbar (moon333)