Todays BTC push puts a dent in Alts and they underperformed. Hopefully BTC will stabilize and give room for Alts to breath. Currently LINKBTC is in a symmetrical triangle with a 4H bullish divergence if a bounce is established. 12H ichimoku shows a twist.
Link is at the bottom of a support area which is a good place to get into this coin as you can have relatively small stop loss and still manage to have your take profit being hit!
Take profit at $11.33
💎Technical Analysis Summary💎
-Since the low around $7 last September 23
-Its value today has increase more than 40%
-The price is now trading just below the key resistance level
-That is a sign of strength in the short term
-If the Bulls can break above its key resistance
-Potential buyers might enter the market quickly
A big Thanks for...
Unfortunately a lot of traders rushed into LINK and bought the August top when in fact there was no confirmation on the long-term charts (1D) neither from the MA200 or the RSI. What do I mean by that? Traders who follow me know that I've been a LINK buyer for a few years now but only on the right levels, as I've been posting on my studies, including those below:
I see price reaching ~$70.00 by Oct/Nov, def before 2021.
~$70.00 would be the local top for this parabolic move then a long drawn out distribution/accumulation phase (correction to ~ $20)
Once distribution/accumulation completes, we prep for $200+, the next parabolic top imo.
I noticed the Adam and Eve Double bottom on LINK today.
so I am Keeping an eye on the small up trend here.
a close above previous structure could see a nice 21% move which would make the Adam and eve Double bottom valid
always consider what direction BTC is going when trading alts
"DISCLAIMER: NO ADVICE. The information presented here is...
LINK Has Entered Trading Range Just Like We Anticipated Last Week.
I Would Sit This Out For Now And Watch What LINK Would Do
*Let's Wait For A Change Of Character Or A Confirmation Of A Trend Bias
Technical Indicators Are Also Neutral At This Time
Feel Freee To Look At My Previous LINK Analysis :D
LET ME KNOW WHAT YOU THINK! 🧐
💡 IF YOU...
LINK has great support in the range of 8-8.5$, and this zone is very worthy to buy for the target of 11.5-12$ after mid October.
It will be risky if drop below 7.9$
So this trade is nice enough for us!