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.
If Elliot Wave Theory plays out the way it should LINK could have one more leg up. Currently sitting at previous resistance and 0.618 Fib level which is positive BUT we are getting bearish divergence meaning this crazy run could be running out of steam. MacD has also printed a bearish cross with plenty of room to run to the downside. Only time will tell.
Watching tonight/tomorrow - Large buying coming in w/ technicals improving. Being added to BitMax tomorrow - hope that brings some volume / upward momentum.
Crypto still is hard to predict but my small investment is LT so will take the punches as they come. Add on dips but that support looks like it's holding so will look to add in that zone here and there and...
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.
USDT Pair going strait forward to first support zone which is strong (DMA50+Fib 0.618 Golden pocket)
it is a nice buy there for 25% profits to retest 0.5Fib
breaking above zone will lead to 0.786 Fib (D-MA100) which is very juicy
I think that next stop is at 0.618 Fibonacci line, which in 3-day graph should put us roughly at $ 2.0400 mark.
Which may not hold if BTC moves even lower to around 8300-8100 usd level. If that happens we will definetly see LINK at $ 1.7 or lower.
MACD Indicator is showing us, that we are about to cross down from moving average, which is not a good sign.
Hello everyone. I recommend to read part 1 of this analysis before continuing if you have not. If you a follower, then welcome back, and I just wanted to say thank you to my new followers as well who have been waiting for this one.
To put it simply, my original EW count has been invalidated by this gruesome price action over the weekend where no doubt many stops...
Hello everyone, I'm back from my holiday! It's good to be back. I missed looking at the charts and making new analyses, but I did keep up with reading the news in the space.
Let's get into the chart. What you are looking at is the log chart for chainlink on the 4 hour. This means that unlike the linear chart, it increases by orders of magnitude
rather than 1...
LINK / USD TA
Chainlink has been outperforming major alts this year with its rise to nearly $5 from $0.42 earlier this year.
Should you enter now or wait?
Entry on parabolic move always has its risks and is definitely cannot be considered to be safe. Nevertheless if you're someone who is able to hold it for several month, risk is lowered and you can...
I will preface this that this all of this can and will be invalidated if BTC activity changes drastically and brings down the market with it (or breaks the trend I show above). Several analysts predict it'll go down, question is - will it bring down other altcoins with it?
I looked at previous patterns, and the current = $LINKUSDT / $BTCUSDT pattern. I'm leaving...
Chainlink is in a strong uptrend
After consolidating for the last 2 weeks LINK is ready to continue higher
1st upside target is $5.5 based on fibs and key level principles
*This is NOT financial advise*