ChainLink found the bottom at $0.16, but while approaching that level, RSI has formed a bullish divergence suggesting change in trend. Price then moved up and broke above the descending channel, downtrend trendline and the 50 Moving Average
This looks like a strong indication that the uptrend has started, especially after LINK/USD broke above 61.8% Fibonacci...
Just look at this beautiful cup. Even the handle has been formed. In theory, we can get ready for a cup & handle trade. If we break through the " coffee " line, we can expect the size of the handle to be added up to that level. That's kinda insane.
In the meanwhile, we are seeing that on the 4hourly chart, there is still some downward pressure first : you can...
So what we have here is the corrected ascending channel following the 3 month falling wedge . We see in the chart that the ascension is following a growth rate of 1% - 2.5% daily if the USD price follows the channel which it seems to have done so far. Over the coming days and or weeks we will hopefully see a price increase from .28 cents USD (at breakout) possibly...
So what we have here is the corrected ascending channel following the 3 month falling wedge. We see in the chart that the ascension is following a growth rate of 1% - 2.5% daily if the USD price follows the channel which it seems to have done so far. Over the coming days and or weeks we will hopefully see a price increase from .28 cents USD (at breakout) possibly...
Quick post on Link upon request! - Have a look at this crazy graph of LINK versus the Dollar. Nice curve up. Bloody curve down! Seems like we just hit the 78,6% Fibonacci retracement and we have another strong support beneath that as well. And as is quite obvious, the curve is about to end where we are now... So yes, LINK is flirting like hell with both the end...
I believe this could be the beginning of a major price change. As you see the price has finally broken out of the 3 month falling wedge trend and could be leading to the bullish uptrend that we've been looking for. I think we could be seeing a rise back to 60 cents possibly even 1 dollar USD. we will see over the coming days if we see the uptrend beginning or...
3 month Falling wedge leading to the first breakout of the trend. could this be the bullish sign of a major uptrend. I believe we could be looking at the beginning of a huge price change possibly back to 60 cents possibly to 1 dollar USD.
