ChainLink (LINKBTC) had a massive bullish wave that ended in early July, it has been retracing since... Right now we are seeing signals that the retrace for ChainLink vs Bitcoin might be over, let's take a look: We can see a classic ABC correction. Support was found at example the 0.786 Fib. retracement level from the last bullish wave. LINKBTC is...
I am liking this setup. We broke the red resistance line that I created. not only that, we are getting a convergence of the two MA with the 20 potentially crossing up the 55. Things I like about this setup : Above the 20 MA Broke the red resistance line Forming an uptrend (green line) Above the two Ichimoku indicators (conversion/base) for more support I like...
Link is looking better, it found support it is moving away from it and getting some momentum but to get out of the woods it needs a big push from here.
Most likely are going higher
Altcoins are rising since Monday. We saw ETH,XRP doing well. Now its time for mid-cap coins. Link has great potential and if this 1.51 pivot holds, target can be 2,64-3,12 which is more than %80 potantial profit. Really nice risk to reward ratio. (More than 5). This is not a financial advice.
Priceline of ChainLink / Bitcoin has formed a bullish shark and entered in potential reversal zone. RSI has still more room to enter in oversold zone. MACD is strong bearish. Stochastic RSI is oversold but did not give bull cross. Volume profile is showing less interest of traders here I will suggest to wait for MACD to turn weak bearish or for stochastic RSI...
Close under $2.05 would be bearish Target: $1.12 - $0.88
Link was having a brilliant day before the big drop in BTC. 20% drop all in all on the day with wicks both ends of the candles. Hard one to judge. Looking all of a sudden very bearish again.
As promised in my previous chart (attached below), LINK shot straight up and will continue to do so. This is the best looking chart I've seen (next to Bitcoin) in the past few weeks, and it's just as easy to read. I'm now dismissing a possible channel, upgrading this to a bullish triangle entry. What you see here is the inner triangle (averaged). Once we get...
LINK still above MACD zero line and RSI above 50 point level. Price closed above EMA 21,50,200 Uptrend. Potential resistance at 24.5k and 25.4k.
Fundamental Reason BINANCE:LINKUSD is a coin used for diversification when a dump takes place at the market money of selling Bitcoins flows to LINK. The result is people in fear selling and ChainLink pumping unexpectedly, leaving everybody in confusion. With my experience watching the Link of its creation I think this is the case. Nobody would expect a new pump...
Buy : 18500 / 1.84$ Sell : 20000-21500-24500 / 2$-2.2$-2.55$ Mid-Hold : 30000-35000-40000 /3$-3.75$-4$ Stop : 16500 / 1.65$
$LINK Acumulation over support on what looks like a Bullish pennant.. Bouncing between EMA50 and EMA200 on the 12H chart, breaking above or below should tell us which way this will finally go. UCTS Signaling a Buy signal on the 12H & lower TFs #LINK
Link held at the massive support line I drew previously and now it's forming up an Inverse head and shoulders. Check out the chart. Enough explained there. -Sherem
By request I'm updating LINK/BTC today. I haven't checked back since the last analysis, but did find a few things that made me change my mind. This chart is on log and trend lines & connections have been averaged (line-chart) for higher precision. – parabolic trend line (1 to 2) has ended, thereby creating a new trend-line "top #1" (where either a channel, a...