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...
As an update to the post below, this post outlines a trend LINKBTC has respected for almost a year.
Bears would like a break down from this support zone entirely, while bulls will want to see a rebound sometime soon, or even a short consolidation period above 23k sats at the minimum.
In the bullish case, a bet on macro trend continuation following a 40W mean...
The BTC soared and is now challenging the box top for the second time.
If you climb above the 2.9266 point, you are likely to rise above the "lower trend line that started at the bottom".
LINK's inflection date should be around November 19th to see if it challenges 3.5731.
I posted about this on Twitter and received incredible backlash. So, I figured I needed to post it here on TradingView as well. Whenever something is this obvious, and it receives incredible backlash, it tells me sentiment is still chasing the 62 day bull market this coin had earlier this year, even after over 100 days of bear market.
It reminds me identically to...
You can go down to a smaller timeframe and look for an entry point.
we have already sold the proof from this level twice:
one more proof:
and here we bought:
do you want to receive vit signals
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As anticipated LINK started climbing as soon as BTC leveled out. Entry here is on the SCMR reversal candle close (blue) and now confirmed by Quantbot, which caught the last entry well.
TP1 is the overhead order block and SL right under the demand block below. This should work out as long as BTC stays rangebound.
If you keep the price above 20MA and 2.5033, you are likely to challenge the top of the box segment.
The key point in the LINK is whether it can climb above the "lower trend line that started at the bottom".
Close to perfect entry from base of retracement for LINK, confirmed by obv breakout. Keeping this open until it hits resistance or Quantbot signal short on 1h.
LINK price action above EMA 21,50,100,200 periods strong uptrend. Above Support trend line. Bullish Continuation up to 3$ strong resistance area.
LINK was farmed new bullish wave from 2.278$.
Volume: Confirm bullish price action.
Indicators: MACD bullish crossover above zero line. RSI above 75 points, overbought level. Bullish sign.
Pattern: Exponential growth...
Most crypto traders have probably heard of the cryptocurrency ChainLink at this point, it was one of the few digital assets to see a bullish reversal so far. The ticker for this coin is $LINK.
Since December 2018 $LINK has seen a sharp rise from ~$0.19 all the way to ~$4.60 at its peak in July. Interestingly enough, we have only started hearing about this coin...
LINK/BTC (Chainlink)
Forming Bull Flag in Daily Chart With Bullish Indicators & Spicy Volume
Expecting Breakout & New ATH in Coming Days..
Buy Between 30k Sats
Sell Targets 32400 - 33365 - 38470 Sats
Stop Loss Below 28700 Sats
Timeframe : DAILY
LINK/USDT (8h)
Bull Flag Breakout Done in USDT Pair..
Please, give us your opinion in the comments.....
