Hello guys, the currency of the link is close to the bottom of its multi-year channel, and I think it can be considered for a medium-term investment with a loss of the bottom of the channel at $ 18 and the specified goals. I will buy .
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#LINK is moving in a historical rising wedge since 6th.Dec 2018.
Now there are 4 taps on higher trendline and 3 taps on lower trendline, Based on the repetition rules, There can be...
Hello friends, today you can review the technical analysis on the 1D linear scale chart for Chainlink ( LINKUSD ), a cryptocurrency altcoin.
#CryptoPickk noted in the chart:
1) Chainlink price is still down nearly 50% from the all time high at around $53.
2) The price has respected the Fibonacci Retracement levels as highlighted on the chart. The price recently...
On a daily timeframe, LINK broke below the support with the aggressive fall in Bitcoin. Price is now retesting the area as resistance. This might be a fakeout, so you can start accumulating some over here. $20.0 - $21.2 is a major support area.
It is pretty evident that Chainlink has been in an ascending channel for its entire lifespan. So check out these interesting observations.
Taking a fib retracement from the ATH of June 29th, 2019 back to the low of December 7th, 2018 provides us with the next ATH at the 4.236 on August 17th, 2020 (156 days from the recent low).
If we simply use the ATH in...
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Already made us a fortune with previous entries, but this Sicilian setup for a good old gem is about to 10x that
23.30 to 24.70
- Link is very bullish on the weekly time frame.
- We can spot an ascending channel forming on the weekly timeframe.
- Previous swing high acted as a support + bottom of the channel!
- Profit target is top of the channel.
- If you take a look at RSI we can see, that this oscillator is ready for another pump!
- For expected duration of the trade, probability,...
Chainlink price action as far as key levels and resistance for the 2021 EOY and Q1 2022 - 1D chart
If there's a rally EOY and into early Jan - seen here in pink - the price would likely top around the previous ATH and up to $65 marking something close to a double top +/- a couple of percentage points. This would complete a UTAD on an HTF V wave counting from 0.16...
Link is sitting on the 200MA support, and I believe it should start the next leg up now. It has just concluded a minor wave 1 of intermediate wave3. The most volatile leg is about to come. If there is any dip here (unlikely), the target is 23.76 and will be a huge buy opportunity as it will be right on a 2 years support trendline. Nevertheless, the next leg after...
LINK has made a good correction from its upward move. It has retested the last break-out area, and the candle closed above the area. It has been on a long-term bullish cycle with periodic corrections since July. The current move up had supporting structures of a double bottom in longer timeframes. We have a support structure holding the higher price created by SL...