#LINK/USDT $LINK is inside long term falling wedge pattern, and in short term time frame there is a parallel channel that can act as bearish flag. 🐻 close a daily candle below lower line of parallel channel can drop price to lower line of wedge that is around $3. 🐮 but if price hold the ascending channel and break out from upper line of wedge, it can fly to...
a global wedge has formed, I expect an upward movement, it will be gradual, possibly after a sideways trend
A double bottom that can reach a resistance of 9.50 after breaking the resistance . . . . . . . . . . @arzdasht
Check the 200sma consistency over the years - Truly amazing!!
Update… is it Chainlink time for a minute in a bear be careful.. It does look like a doubleDCA safely… a Gann Study
After a long time of depreciation to BTC, we finally have a breath of optimism. Will it be possible to get out of this wedge? Is it worth waiting for this moment?
We have formed yet another bear flag and the target breakdown for this one is 16k. Bears still hold the cards on the lower timeframe.
LINK/USDT Entry Range: $6.50 - 6.95 Take Profit 1: $9.20 Take Profit 2: $11.40 Take Profit 3: $13.35 Stop Loss: $5.45
Link has formed a double bottom with a possible breakout of the descending channel. First targets are $7 and $8. Break out of the descending channel has a measured move at $18. The 1.618 of the double bottom is at $12.15 . The CCI is currently in an uptrend.
There may be a good deal in the link coin There may be a visit moving average
Holding resistance as support @ $12 range. If this fails, It is possible to hit $7-$8 for support. Currently sitting at the bottom of the right shoulder. Could we have a nice W pattern setup? Can we recover to $30? Watch the current positioning, if this drops below $12.50 we can grab our scuba gear!!!
Follow up to the TA below. Last TA I talk about a daily springboard that could launch Bitcoin upwards short/medium term and now as you can see I have found a potential marco springboard which happened last cycle also on a Saturday morning. If we just invert the chart a second we can see a blowoff top structure forming.
During the previous week LINK lost some 20% in value from the week before. If we take into account general market circumstances and strong downtrend on the crypto market, this was not such a bad performance. This comes especially as LINK was traded in a sort of mixed mode, with equal share of both selling and buying orders. Of course, there is some probability...
Out of all the bear patterns we are seeing in the markets right now I think Chainlink has by far the best pattern to trade very clear bear flag . Target breakdown would be 3.6 dollars
Bitcoin now forming a bearish pennant on the lower timeframe a techincal target of breakdown is somewhere between 18000-19000 which lines up with the CME gap at 18.5k. Sometime in the next 48hours we will get a move , now normally major events in Bitcoin happen Saturday morning (UTC), why I have no idea but if I were to speculate ,I believe its best time to...
Love the look and major support re-test, going heavy long here.
LINK looking prime for a drop to sub $1, when this correction is over! After a little dead cat bounce and continuation to the down side. None of my 4 indicators showing any bullish confirmation on the Weekly Time Frame. - Weekly MACD ( Bearish ) - Weekly Pekipek's Divergence BETA ( Bearish ) - Weekly RSI ( Bearish ) - Weekly Stochastic RSI ( Bearish )
: Is this what a hidden Bullish Signal looks like?? Looks like a bull to me 😅