The ATH has been defended by bears... but this only makes the bull run sweeter. Applying a Heiken Ashi chart reveals the current positive momentum on the monthly chart. Soon enough we expect traders taking long positions as LINKUSD enters new price discovery mode.
Let's see, looks like we are in a triangle.
The current outlook for LINK is positive, with 3-day chart showing MACD turning up, cloud future positive, and short-term MA's teasing price appreciation. Target sits at $4.80 (24% gain).
The current zone is very important, if the price fixed the 9550 area and bounce to the 9600 area then we can expect to see a retracement in the 10400 area but if the price does otherwise then we should expect the big dump. In my opinion the got a rejected from the bottom which can give us the big spike and let's not forget things get nasty every weekend....
I believe that Bitcoin is currently in the process of forming a triangle squeeze in a range just under the big weekly sym triangle, with an eye to breaking out of it in early June. My actual prediction for what is likely to happen is that we get rejected again around the 9800 region (if we make it that far, we then fall back down and continue to make higher lows...
DESCRIPTION Few questions that came up to me now for Bitcoin (BTC/USD): - How far up can it go? - Where can we find the important support and resistance levels? So looking at my trend analysis, the chart was stretched out to accommodate the previous high price level which was encountered on Resistance 3 (February Period) which will be our focal point for a...
HI Traders! On today's post I will take a look at Ethereum. Over the past few weeks trading has come to a slow. The volatility is drying up and that only means one thing. The next major macro move is being set up. Over the weekend Ethereum tested a block of resistance between 189 - 194. This block is relevant as it is the consolidation preceding the 56% drop...
Chart says it all. LONG UP to the MOON if CRYPTOCAP:BTC / COINBASE:BTCUSD closes above $7475, IMO!
The Daily chart to accompany the previous post of BTCUSD 1H time-frame. 'BTC broke down after failing to reclaim that 7400 area when we look at the hourly chart. It was a nice rising wedge break. 6750 area is holding as the current support range. On the Daily timeframe, the 50-day sma&ema is above resistance 7200's. Up over 7k with a wider run to 7600/7800...
The Bitcoin Symmetrical Triangle gathers pace and we are heading closer and closer to decision time. We now have enough touches of resistance and support to be happy that the pattern is what it is. Coupled with decreasing volume and voila, the triangle is born. April 2nd would be a textbook day to get this breakout up or down, so keep an eye for it happening...
ts clear Ripple has found its major support on W1 time frame and this support gonna be the floor of a huge rally, I had an eye on this support which I have marked out on my tech sheet from a while. So with the rejection/ price action happened on the support is very promising me for an trend reversal inside the structure. So I'll be willing to long from this price...
Did you catch the BTCUSD long today with our Roller Coaster Indicator Suite for TradingView? MACD Stochastic Cross Is Not Enough There are a great deal of interpretations of the “MACD Stochastic Cross” trading strategy and the principle is sound if you have the correct time frame to trade. One thing lacking in many of these strategies is a simple and repeatable...
Shorting COINBASE:BTCUSD here Entry $9140 SL $9380 TP: $7700 trade 3
Buy: 155 - 159 Target : 5% to 30% Stop : 147 4 hour chart
1) Possible short-term downtrend, if close 4H candle below MA (9) 2) Possible continuation of the price in range, between Maximum 0.20199 and Minimum 0.17600 in the short term 3) Continuation of the price within the channel. 4) Stochastic in positive zone and with bearish direction. Entry = 0.19149 SL = 0.20184 TP1= 0.17869
We're ranging in a falling wedge at the moment. The high value areas are the double bottom of the falling wedge and the outer structure (3rd touch) for the completion of that pattern. Since we're moving very correctively on the daily and are getting that arcing nature, it's highly probable that we can reverse from the double bottom (AKA previous daily low on the...
For the first time we are starting to see some signs of sellers getting exhausted and bulls starting to add pressure. Some are calling for a possible "Adam & Eve Bottom" - but where is all the volume? The new money? adoption! With the small size and relative lack of liquidity in the BTC market - it can be easily manipulated by insider trading desks at exchanges,...