LINK has great fundamentals and technically we can see a triangle forming and being respected whilst also printing a nice bullish divergence. Interesting pattern on the Stochastic also worth noting.
Here are 2 scenarios, a bullish path and expected path for LINK to be at $5 by end of January
In the bullish path we see a strong breakout above $2.50 and the long term resistance trend line and run to $3.17, then $4 then $5+
In the expected path we see the same price action, but with an initial pull back to around $2.30 - $2.35 zone to shake out the weak...
LINK/USDT
LINK has set up a new Higher Low at 1.7 and currently testing the downward trend-line of this giant pennant triangle pattern.
If the LINK pulls back and retest key support area between 2.33 - 2.14 and holds it a couple of days.
There is likely a chance of breakout in the coming few weeks.
Chainlink has seen some bullish price action as of late but held back by our .618 from our swing low. Im very optimistic with my trade and i'm confident we could see 3 dollars pretty soon.
$9.5 long term target in $LINK
Short term:
We're patiently waiting on +$8
That level will be your golden opportunity for a move
Moving below $1.97 would invalidate the short term count and give us a bearish warning.
It also doesn't help that the chart I used (binance) differs from the current one (coinbase). Fucking scam wicks! And that's not the...
DON'T TRADE PURELY BASED ON MY IDEA, DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS.
These are two scenarios I see for LINK in the near future. I forsee a correction of some kind, then another run, but I'm not sure how severe the correction will be. Support lines are green, resistance lines are red. Any feedback is appreciated!
Chainlink, a highly correlated coin with Bitcoin in the past 18 months and one of the best performers in 2019.
However, are we going to see continuation of that or are we topped out for now?
Price rejected at the $2,33-2,35 resistance here, which could mean that we’re going to see some retests.
I’d be expecting this downfall to occur if Bitcoin can’t keep on...
Seeing lots of FOMO charts for this calling for $9 and stuff, I seriously don't get it, this seems like a pretty obvious GIANT descending triangle to me.
If we see a breakdown of the 20 period simple MA, then we will likely fall to the $2.10 support level, where there is multiple support levels converging.
If Link loses the uptrend it will very likely test the long established trend line again.
When that support brakes next target imo will be around the $1,00 region
where there is a nice cluster of the 1:1 extension from A to B,
the bottom of the parallel channel and the median line from the original Pitchfork.
Declining indicators + rising price against flat top = Bearish (Thats what I'm looking for)
Extremly contradicting set up because of Bullish Pennant ...
After a nice push up to $2.35, we are amidst an expected pullback. LINK has traded within nice structure in the past, and I believe that it will continue to do so into 2020. With that considered, where are we going from here?
A) Price will retest the $2.00 support zone before we see another retest of the $2.35 resistance (Option A).
B) Price will continue...
Our previous trade from 1.63 and 1.83 to 2.5 on link worked well. We captured a lot of upside, but LINK didn't go up nearly where we wanted it to. The resulting pattern is not a good one. While LINK could easily form some type of bottom here and move up. There are some things playing against it right now on the larger weekly time frame. The first to note is the...
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...
