Good Morning crypto fam :)
Today we take a look at LINK/BTC. As you can see in the chart, we are running slowly to the deciscion at the end of the year. In the next weeks we will now the route for 2022.
As of this moment we could see altcoins outperform Bitcoin and rise against the king.
I buy some Link just for the cause, i miss the pump.
A good long term...
This currency will be pumped. Depending on the pattern, it can touch the two specified targets in the next few days. A long-term target will eventually touch in another month. Do not forget capital management. Be profitable.
Taking a look at chainlink BTC and noticed a very valid inverted head and shoulders pattern which is bullish! we are looking at a couple key areas here being the top of the shoulders and the 0.2 FIB, we are looking for something similar to my path drawing a push above and a retest is necessary before we can really start moving up. Now if this plays out we will...
LINKUSD (Probably) LONG - we're currently in a range and these are the most important lines, take longs from support and shorts from resistance, we're almost at the end of our triangle and a breakout is expected on the upper side, still we can take a short at the upper resistance once breaking the trend-line resistance.
I tried to be as clear as I could with the takeaway message of this ratio chart.
When you get to the top of the channel (red bubble), it's typically a great time to sell LINK and buy BTC. When price gets to the bottom of the channel (green bubble), it's typically a great time to sell BTC and buy LINK.
Suffice to say, I am using some of my BTC profits to scale...
Link has been gaining on Bitcoin lately, and really, Chainlink has been gaining on BTC since it's inception years ago. One of the few coins that has years of macro upside against BTC. Today this chart notes current resistance levels to watch in the next several weeks to months and I do think LINK will continue it's trend up over the coming years.
LINKBTC has broken and closed above the neckline of the W bottom pattern, indicating a local bottom with potential for price to head higher. As a result, Im taking a long position, which I might build into a longer term and larger hodl position if markets start to recover broadly.
Hey guys, today we are taking a look into Chainlink.
First you must admit, if you follow some traders on twitter; #chain has a verry strong and loyal community.
A lot of traders are looking for the 50$ range as an emotional target.
What does the chart say?
Currently we are at my MA resistance and also we have bullish crossing buy signal on my MACD.
Looking at this on 1Day time-frame makes the pole look continuous, but the wedge doesn't look the same anymore, so I don't know if I should count those three bull-flag-looking runs as one long pole for the wedge?
KRAKEN:LINKUSD has been following these bull pennants since it was created, jumping into smaller and smaller triangles. Arbitrum is scheduled at the end of this 4 year triangle, it looks like they're positioning link for one last fakeout before the arbitrums pump to 100$
Chainlink continues to perform great against BTC and recently broke through heavy resistance at the 0.3 FIB Level, we are currently underneath this level in a little bit of a cooloff and looking soon to go on another run! What I am most bullish on is the potential Golden Cross of the 50 day MA(Green) and the 200 day (Red), this would be extremely bullish and would...
BINANCE:LINKBTC Looks Nice atm. It remained in ranges during Last few weeks.
Most of indicators are taking a shift towards bullish bias and volume had increased over past 2 weeks.
Currently Needs a bit more Volatility but a breakout looks like around the corner. Its a 2 day chart it can take time to develop do not fomo buy.
Weekly levels zoomed in...
Link is following this channel since the drop from 37$
This trend could mean chainlink taking a short term drop as low as 30.29 in the next few weeks without breaking this upward trend.
I see this trend breaking upward in June.
Link has played out W patterns multiple times in the past and looks like its following that pattern again.
Bouncing between the bull pennants on the daily charts for a few more weeks until it breaks upward from this pennant and paints another W. Mostly sideways action but slightly bullish.
There's a possible way the triangle gets bigger if link goes to 37 in the...