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...
as you can see in my post we have a falling wedge for LINK/BTC here.
There are currently 3 EMA's acting as resistance (EMA 50 = Yellow, EMA 100 = Blue, EMA 25 = green)
But EMA 200 & 300 (Orange and purple line) are acting well as support.
Most pumps have been at the 200 EMA support (I marked them as green bottoms) in the short past.
LinkUSD has been by far one of the best performing cryptocurrencies this year, with one of the best teams and projects out there this is a solid project LONG TERM, but right now is showing some bearish signs for the SHORT TERM.
After the massive uptrend for the last few weeks, Link has started to fall and the previous area of support around 3.20, has been...
Pulled back to its immediate intraday support level here. Cluster/sandwich/FTR thing (fuck knows, I am shit with the advanced Supply/Demand stuff) that I've shown to the left. Basically a consolidation between two impulsive moves.
Clear target(s) if it loses the blue box, also a good take profit signal for existing longs if it rolls over.
$LINK / $BTC
Testing the 28K sats resistance as it bounced back from 23k (Potential double bottom in play)
If crossed, aiming for 30K+ sats as target (and new potential ATH)
UCTS Buy signal on the 6H
MACD about to bullcross/RSI rising
Volume is key to continuation..
Link has partnered with Google Inc on some really amazing and innovative technology that is really set to pave the way into future of blockchain and crypto tech. I am looking for Link to be an overall stable investment for our portfolio.
Multiple indicators lead to believe that a short term bottom on the LINK/BTC pair will be around 24000 satoshi's. First of we have the fibonacci retracement of the recent run up bottoming out at 24k sats, the 25 MA on the daily giving support at 24 k sats aswell as previous support and the bottom of the channel/bullflag chainlink is in right now. Buying ranges are...
Bearish momentum continues with extremely low volume compared to previous break-out ATH. While trend the past few days has been bearish, the low volume is suspicious, as if bulls are waiting for the right price to push this thing to new highs.
RSI is squeezing with two potential support levels on two different falling wedges.
A bullish candle tomorrow would...
Chain Link Coin Technical Analysis for July 3 2019 - Today I review Chainlink which has been one of the best altcoins of 2019. In making more than 200% in just 2 months - the charts show that we may indeed be nearing another breakout point using the two fibonacci extension lines. Just how much will Chainlink make on this next run??
Watch today's free bitcoin...
$LINK / $BTC
Retested succesfully the 23k sats level after a drop of 20% since the UCTS Sell signal
Currently reaching resistance level at around 27.9k sats, if manages to cross it then we can talk a new run up for this asset..
Volume is slowly catching up again..