Hello!
It's hard to tell what LINKUSDT is doing on the short term time frames sometimes. Because of that I zoomed out for a bigger picture. I found that on the weekly time-frame our price action is constricting just like my last analysis of LINK was on the hourly time frame. You can find that analysis at the bottom of this idea. Within hours of posting the...
Prices are maintained at 2.6388, the mid-point of the box segment.
As the BTC flows, there is a possibility of touching 2.3511 and 50MA, the lower points of the box section.
The inflection date for LINK is around November 19.
If the price rises above the 3.5731 point, I think it is good to sell to some extent depending on whether or not you take the nearby...
It is located near 2.6388, the middle of the box segment.
The inflection date for LINK is around November 19.
If it falls around November 19, around November 21 would be an inflection day. The 2.0776 point distinguishes the upward and downward trends and should not fall below.
If you rise around November 19, you will try to cross the upward trend line. It is...
I think it's better to look at LINK based on ranges rather than trenlines at least for the moment. The trend-lines that I see have a lot of false breaks from them. That's not to say it isn't holding those particular lines. It's just better to rely on these ranges than see it dip 2-3 cents below the line and shrink back up. What I mean by 'ranges' is the area...
Quick update, We aren't out of the woods yet but we're certainly looking better. We seemed to have completely avoid contact with the original H&S support line with a short term trend change, and now we're working our way back to test some upper resistance lines. I'll personally be watching breaks of these lines and how much follow through/volume we get. I really...
I believe all of the necessary information is on the chart. I personally really enjoy when I can look at a chart and see what they're saying rather than having to read through paragraphs of text. Especially when it's a short term idea. I tried to keep it from being too clunky but let me know what you think! Would you rather read? Was there too many lines? Whatever...
So this chart started out with just my two white trend-lines, and after drawing them I realized that there is also an Inverted H&S along my resistance line. I seem to be finding these a lot lately and I'm kind of questioning their reliability. I think this is going to come down to which trend-line breaks first and confirms its H&S. If we break down it's possible...
Priceline of Link / US Dollar cryptocurrency is forming bullish BAT pattern and soon it will be entered in potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 2.55092 to 2.57797
Sell between: 2.64015 to...
My concern is that we just made a 15min trend change that could lead us down to testing the H&S neckline. I may be getting ahead of myself, but a broken neckline should send at least a re-test of the current low just above $2.50. This is definitely a case the bears could make so watch out!
Set your stops in-case we are actually heading down.
LINK/USDT (Chainlink)
Forming Ascending Triangle in 12h Time Frame Chart.. (Bullish Pattern)
Volume is Continuously Decreasing & Major Indicators (MACD & RSI) are Also Turning Bullish..(Bears are Looking Weak & Bulls Are Again in Control)
i'm Expecting Next Leg up But I Think We Should Wait For Triangle Breakout Before Entry ..
2.9 is the Key Resistance...
From what I can tell LINK is really close to being in a standard 5-3 Wave Pattern, BUT wave 4 over-corrects into wave 1's area. Which kills that idea.. or does it? We seem to have followed through with the rest of the pattern anyways. Why did it correct so hard in the first place? Well if you look at daddy BTC's chart you can see the over-correction from LINK...
There is 'potentially' a Inverted Head and Shoulders on the 15min time frame. Make sure to set a stop because it could certainly keep going down. Info is on the chart. Hit me with a like if you found the analysis interesting! I'll do my best to update the post if I see something meaningful.
I'm fairly new to TA so take this idea with a grain of salt. With that in mind these are the potential options I personally see playing out. Most of the information is on the chart.
I think a buy in around $2.66-.68 with a stop right below $2.65 is great risk/reward. If it breaks $2.65 wait to see the test of $2.50 support and if we get a nice bounce do the same...
