It looks like this may be an ending 5th wave diagonal with an extended 5th that has a throw over top. Link has run over 600% since May and just like my LTC TA (did not publish), I see the same scenario playing out with Link.
If we do get to my level of interest, i'll be a buyer!
Google announced in a blog post Thursday that ethereum app builders using Google software will be able to integrate data from sources outside the blockchain through a partnership with Chainlink, a company that provides on ramps and off ramps for information necessary to run self-executing code called smart contracts.
After Google made public blockchain data for...
This is a more detailed update from my last post. LINK looks to be making a bullish ABC move to close out wave 4.
If my (major) resistance target are correct there's a 28% & 29% opportunity.... if we can play the supp/resistance lines right!
I'm excited to play this wave out! Good luck to all!
LINK has shown the last couple of Months that it has in its own life. It gives a fxxx about how Bitcoin is doing. And once again it seems like we are making money it when I earlier gave my Family this signal.
We have already went through heavy resistance, and take a look at that last 4 hour candle. And the volume will most likely go even higher. And you can still...
If Elliot Wave Theory plays out the way it should LINK could have one more leg up. Currently sitting at previous resistance and 0.618 Fib level which is positive BUT we are getting bearish divergence meaning this crazy run could be running out of steam. MacD has also printed a bearish cross with plenty of room to run to the downside. Only time will tell.
Watching tonight/tomorrow - Large buying coming in w/ technicals improving. Being added to BitMax tomorrow - hope that brings some volume / upward momentum.
Crypto still is hard to predict but my small investment is LT so will take the punches as they come. Add on dips but that support looks like it's holding so will look to add in that zone here and there and...
$LINK / $BTC
Bouncing from support at 23k sats following some recovery that has been seeing today in most of the Altcoin market
My eyes are watching the 28k sats level, if crossed it could lead to a new HH and a potential reversal of the trend...
LINK has formed a strong uptrend. First 1-5 wave has already come to the end, we can see it by RSI divergence and oversold zone on Stotch RSI, so logically we should now have a wave A-B of a correctional ABC. In case the price fixes above the resistance and trades around 0.00039 we can notice a breakout of this resistance to make a new ATH.
In case our scenario...
Chainlink is in a strong uptrend
After consolidating for the last 2 weeks LINK is ready to continue higher
1st upside target is $5.5 based on fibs and key level principles
*This is NOT financial advise*
USDT Pair going strait forward to first support zone which is strong (DMA50+Fib 0.618 Golden pocket)
it is a nice buy there for 25% profits to retest 0.5Fib
breaking above zone will lead to 0.786 Fib (D-MA100) which is very juicy
Ok now we are going into the next half of the year and link is ALL THE WAY UP! We no thoughts in our mind that this is just some pump and dump. OHH NOOOOO Google won't let that happen and not to mention that link actually solves a real problem. Aside from making smart contracts smarter the oracle network provides a much faster and secure network. Link is without a...
CUP AND HANDLE ON LINKBTC, PERFECT OPPORTUNITY FOR A QUICK SHORT.
Target exits not set, this is a much better LONG position to take IMHO.
As for you lower EMA + day traders, TAKE YOUR PICK AS THERE ARE DIFFERENT EXIT POINTS...all depends on how greedy you are!
THIS IS MORE LIKELY TO POISE ITSELF AS MID-LONG POSITION CONTINGENT ON VOLUME ACCUMULATION, which...
LINK / USD TA
Chainlink has been outperforming major alts this year with its rise to nearly $5 from $0.42 earlier this year.
Should you enter now or wait?
Entry on parabolic move always has its risks and is definitely cannot be considered to be safe. Nevertheless if you're someone who is able to hold it for several month, risk is lowered and you can...