Bullish setup on the LINK?USD chart. Long term wedge is looking for a breakout. On top of that, there is an ascending triangle that is looking to breakout as well. If this triangle breaks out like it should, the wedge will break as well. I am targeting $3.30 price target in the short term. This is definitely in play with the hype around the Web3 Summit this week.
Looking at the price where LINK started and where we got the stop (~2$), it was basically near on point at the 0.618 Fib line to make it perfect AB pattern. Now lets hope next run from C to D makes it same way up. So we can draw perfect AB=CD pattern.
I got the 1D buy suggestion from the bot as well, when the price was at $2.14 . Which indicates more...
I think we will see LINK break the 25k block and move up to as high as 27-28k within the next few days. However, with zero to no news of a "major partnership" I could see link going back to demand zone between 13-18k sats.
When in doubt, zoom out. I changed the chart to the 1W view and started wondering... What if we just completed Elliott Wave 2? Elliot wave 3 is the largest of the 5 waves so we could be in for a wild ride. $1,000 EOY is an awesome meme (I wouldn't be mad if it happened) but it appears that $10-$11 EOY is definitely in play. This would put the price somewhere...
Looking to enter LINK here in this boxed area for a mid~long term trade.
We have retraced 50% since the ATH in BTC and are touching the daily uptrend, looking for the previous daily resistance turned support at 18428 to hold as a bounce target.
Stop: 4~5% from entry
Good luck traders, be sure to set stops and be...
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...
I am not a LINK marine. Never fall in love with any of these 'coins'.
With that said:
LINK is one of the only 2017 coins still going strong, rabid community behind it, and on a loose leash from BTC movements for the most part.
With Web 3 in late August and some other thing in September, there are two good 'stories' to act as cover for price moves up....
We escaped from our falling channel and now this all looks like we are flatting in accumulation zone. Tested our old channel from above. MM is just accumulation position before a huge move. Lets see. Zones of interest and targets are on the chart. Good luck everyone!
This is just my opinion and view of the market. Please keep this in mind and...
This is honestly one of the easiest buy signals I've seen as of late. This falling wedge is getting really tight and it has been testing the upper resistance for the last three days. The MACD is showing a bullish divergence for the first time since June 27th (57 days). Last time this happened there was a 2.3X in price from 17000 sats to 39500 sats. I have drawn...