2 bearish wedges formed during consolidation in a longer term descending triangle. Price action was driven down further after breakdown of both bearish wedges. Supports/buy zone ranges between $2.9 and 3.2.
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.
TA fundamental analysis very large partnerships previously wrote:
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...
Bearish momentum continues with extremely low volume compared to previous break-out ATH. While trend the past few days has been bearish, the low volume is suspicious, as if bulls are waiting for the right price to push this thing to new highs. RSI is squeezing with two potential support levels on two different falling wedges. A bullish candle tomorrow would...
Now lets see what is going on with #LINK Chainlink best price: $3.075, $2.875, $2.687 Target- $7.72, $6.425, $5.77
Move incoming, highly doubt it will be down
Chainlink (LINK/USD) forming bullish pennant
Chain Link forming bull pennant. Always be careful and set secure your trades with stops
Hello everybody! just a quick update on my analysis LINK/USDT
Interesting to see how much the technicals have been respected on this. Chainlink is a good coin with some good volume with where it can be bought and used. We feel will be a dominant coin longterm. It has done well over the course of the year and has shown the perfect pullback. Will this go on from here and stay stable? It is still within the overall long-term...
Forming rising wedge pattern. Good location to do rebuy
In a sea of red, LINK is proving strong. Hoping to see this move to $5.00 a coin and then pass - assuming BTC gains some momentum. Tricky trading crypto but makes for some fun during work. Tight stop loss set GLTA