Simple Head and Shoulders idea. No complication here. Given the Link run last few days, RSI is starting to cool down. 0.618 looks likely and a move up there will start to confirm the right shoulder. Lets see how this plays out over the next several 1hr candles.
#LINKBTC Bearish Diversion update: #Link looking Bearish diversion and if breakdown this Red dotted line support then I will short Small position short Added with Stop Loss 49600 Sat. Support: 42572/37172/33086 Sat. Resistance: 49600/54819 Sat Please guys like and follow me for latest Crypto Updates. Thank you
If the traditional stock market reaches new lows in the coming days/weeks, I expect BTC and the rest of the cryptocurrency market to follow. Link was one of the strongest coins in the past year, I expect it to be taking one of the hardest hits during these times. Let's see.
All this entire run was sustained with descending and poor volume. "Price increasing - Volume decreasing = bearish" In other words this could be the possible top, i don't know if we have fuel for another run up. Don't go all in here, move your stop up in profits. Enjoy.
THIS BIGGER TRIANGLE BROKE UP, TEST OF THE HIGH COMING DURING 1 OR 2 WEEKS. This is not the place to long, you could be stopped out, with my indicator no your entry is your best friend.
Chainlink has broken down a rising wedge. The decreasing volume (on the bottom of the chart) is confirmation of the successful breakdown. Based on wave analysis, it is possible it may downtrend further. Shorts are not something I trade personally, so this idea is only for the benefit of my followers who do and for those considering adding to Link's technical...
LINK/BTC LINK finally starting to move after price broke the down-line resistance and potentially setting up new Higher Low. If price can hold above the 0.382 Fib support, I expect the price to continue its uptrend to retest the previous swing High.
$LINK $USDT Significant bearish divergence on the daily chart; POC (yellow) now acting as resistance as well. If this goes south I'd look for the 2.11$ level to act as support.
LINK is forming Alternative bearish BAT Pattern, which is comming right into PRZ (Potential Reversal Zone). If there will be bearish reaction, sell LINK and we will buy it on lower price ! :) Targets, PRZ, Bat pattern in chart :)