LINKBTC has formed a broadening wedge, a breakdown of this formation would turn the coin quite bearish. MA’s can be seen to be ‘death crossing’ currently on the daily chart below the gaussian channel.
It would make sense to be forming a large pennant pattern after the run Chainlink has had in 2019. I expect it to go for a re-test of the upper trendline if we see some bullish price action from Bitcoin. The 2 red resistance lines are the major resistances I'm watching on this move up. I would expect some bigger consolidation after touching one of them. There is...
As some of you may know, I posted a couple of weeks ago about LINKUSD needing to hold a critical support level, and as much as it sucks being right, I was; the support didn't hold, and the downtrend continued. HOWEVER, all hope is not lost, as I believe I have spotted a bullish divergence here on the daily chart. This could be good news for future price action,...
Looking at LINK on the weekly chart
By looking at this chart you can see this has some big players playing it. It adheres to TA perfectly. The scary part is that 99% of the public have no idea. Scary if your are a long term investor and want to buy here. LINK has been in a bull since its inception in September 2017 making higher highs and higher lows. Currently im...
on this chart, we face to several signal that encourage us for continuing down trend.
A & B is two top that had touched line trend. In the second touch (B) we found out chart can't make higher high.
On the Ichimoko, we face two patterns of line and Komo with 26 period. this is important reverse signal. 9, 18, 26 is important numbers for the patterns in this...
Well, after a strong rejection from $3.00, $2.00 is holding thank goodness, and we've seen a good uptick in the past few days. However, we are not out of the woods yet, and where our current weekly candle closes will be a big tell for the next few weeks of price action. Firstly, above all else, SOME kind of green candle here is important if we are to find a...
Priceline of Chainlink / US Dollar cryptocurrency is forming bullish Shark pattern and soon it will be entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 1.7689 to 1.7263
Sell between: 1.8130 to 1.9038
Regards,
Atif...
LINKBTC this is one of those projects that pleasantly surprised me, not only with its idea but also with a very beautiful chart.
I will not say much about this project, how much respect I have for them, etc. I will only talk about the chart
After exponential growth always fall
After the first major correction, we started to grow and tried to show the top...
After forming the Shark pattern in Sep 2019 the price action of Chainlink took a very powerful bullish divergence form the potential reversal zone of this bullish Shark and made more than 107% bullish Move Upto Nov 2019 the price action starting moving within a falling wedge which is very steep and at this time the price action is hitting the resistance of the...
LINK/BTC
LINK manages to hold the 200 Day, if it can consolidate in this area within a week, I would expect a relief bounce to retest 28000 sats resistance area.
There is also a potential double bottom in the RSI chart which will add extra bullish momentum.
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...
Based on fibs this is my guess. we shall touch 0,15 soon or later and before any major pomp.
I'm not going to guess lower for now as we could definitely revisit 1$ or above before then.
Good luck and see any dip as an opportunity to add up to your crypto stack
You know everything about this coin. The coin is cyclically pumped. There is a strong market maker in it who supports the movement of the coin. Plus, Asian exchanges are very fond of this coin.
The coin rolled back, a good entry point.
