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LINK.BTC (Y20.P2.E7).Macro.Bullish signsHi all, BTC looking bullish in the short term as it has a daily candle close above the daily 21 EMA. If this current candle also closes in 11 hrs above the 21 daily EMA, we then have an open and close daily candle above the 21 EMA and the 6400 mark....things are looking good. Hence time to look at the alts as well. It seems the movement of the BTC dominance is looking downwards and I thought, let me check one of my favourite projects, chainLink. Observation on LINK and BTC pairing: > The major trendline is intact; > On the 4 HRLY chart, we can see a bullish divergence is forming on the RSI and ON the major trend line\support line; > On the Daily chart, we can envision a morning star pattern; > On the macro chart, we had a breakout from the ABCDE pattern to only have it return back to the top of the ascending triangle for testing support; > On the daily RSI and MACD we have convergence where the MACD line s crossing over, on top of the signal line, another bullish sign; On the WEEKLY chart, > bottom candle stick looks like a doji followed by a possibility of a spining top or better, potential morning star (keep an eye out for it) > The 10 and 21 +50 EMA on the weekly acting as support for this upward trend > Weekly RSI bottom trend line has proven to be support is maintained and what looks like a curving upward nose of the rsi at this point Many confluences with the bullish scenario. 12 hrly chart WEEKLY CHART My BTC chart My BTC dominance chart Please give me a tick or a like as an appreciation of this post. Regards, S.Sari.
Long
by ssari
LINK/USD (Bullish setup: up to 40% profit?)LINK/USD LINK is trading inside this symmetrical pattern which technical could break either direction but since the price action is already trading above the 50M on the 4H time-frame. This shows strength from the bulls that the short term momentum is starting to shift to the upside. If LINK can hold the current price levels for the next 24-48 hours. It has the chance to break bullish and reached up to 3.36 dollars. The stop-loss would be below the previous low at 1.94 dollars.
COINBASE:LINKUSDLong
by PolarHusk
7
LINK (Y20.P2.E3).Micro.Level.BearishHi All, Observations: ============================================================================ For the short term, we see many indicators with bearish signals on the daily. Price is convergent on the daily... +ve Price headed for the next fib. level on the Macro channel MACD has bearish momentum in the shorter time period No divergences detected Thoughts: ========================================================================== We can see how a pullback to the previous resistance (ATH) which can now act as support. We can see how it fits into the overall fib. level of the macro channel, as support We can expect this area to have a bounce but with some initial sideways movement until it hits the channel trend and gain momentum. Just like BTC, we will ease slowly into the support level. And just like BTC, we should see LINK shadowing its movements. Please don't forget to give me a tick\like, as I would appreciate it. Regards, S.Sari (for my reference > Macro.charts) Note ribbon on the daily, 21 and 34 EMA Note, daily RSI approaching previous bounce area in the previous uptrend Other indicators MACRO target Previous MACRO post
Long
by ssari
LINK/BTC Ready to explodesHello Traders Today I am gonna be doing a quick and simple analyses o Chainlink, here is some points: We have Reversed with bullish Engulfing candle Pattern on important Support level on Bullish long term trend, and this is all that matters for us to open a long position in this asset. Our stop loss must be bellow the support in case this is a Bull Trap, our objective is 230% above Please support this publication with your like. You are welcome to follow us on the Tradingview. Best regard Sandro and Gustavo.
Long
by MarketMinds
LINK/BTC TA Update (Another Bull Rally?)LINK/BTC LINK is potentially painting the same scenario of a bullish bounce last Sep when the price bounces back above the 200 Day MA and broke the trend-line resistance. The market trend changes and completely sky-rocketed over 150% last time. Is LINK going to copy the same trend again? Well, technically is still possible if LINK will finish strong, erasing this trend-line resistance. Challenging to retest the swing High at 35k sats area is the long shot for the bulls. I'm currently in favor of the Bulls as we can the 200MA is acting as dynamic support and we have a nice RSI divergence to the upside. If you are playing a Long position, you can place your stop-loss below swing Low at 24k sats or just underneath 200MA.
Long
by PolarHusk
LINKBTC Has Completed Bullish Setup | A Good Long OpportunityIn the month of Sep 2019 the price action of Chainlink took the power full bullish divergence and after making upto 131% bullish move now the price action has formed a falling wedge which was initiated in Oct 2019. Now the price action is likely to bounce from the support of this falling wedge in the meanwhile the priceline is also getting bounced from the lower bands of Bollinger bands before hitting the support of pattern and Bollinger bands support the moving average convergence divergence (MACD) was strong bearish now it has turned weak bearish and Stochastic has given bull cross from oversold zone the relative strength index was also oversold and now turned bullish. On 4hr chart the Exponential Moving Averages EMA 10 an EMA 20 are giving bullish signals by forming golden cross and lifting the price action up: The price action might have some price correction coz it has made sudden up move after hitting the support however the price action will hit the Fibonacci projection of tail to support of the channel between 0.382 to 0.786 Fibonacci soon so we can set our sell targets between: 0.00029175 to 0.00033581 So it is upto 34% profit potential trade, however we should set our stop loss using support of this falling wedge in case of complete candle stick closes below this support area. Regards, Atif Akbar (moon333)
Long
by moon333