I think that next stop is at 0.618 Fibonacci line, which in 3-day graph should put us roughly at $ 2.0400 mark. Which may not hold if BTC moves even lower to around 8300-8100 usd level. If that happens we will definetly see LINK at $ 1.7 or lower. MACD Indicator is showing us, that we are about to cross down from moving average, which is not a good sign. But...
Bears have the momentum after breaking out of this Equilibrium pattern with lower highs and lower lows.
Soo, Looks like we have support at 52EMA We have a consolidation phase as right now. just wait for green MACD histogram to buy First Target: 4.32
This is a bullish setup / pattern. Buying volume coming in steadily, RSI looking strong, and I think everyone wants to pump LINK. I don't see any reason for this to not break out, honestly. I expect a 5 wave impulse up. My targets are listed as I see which way we break out. Good luck out there everyone, stay safe. Please consider giving me a follow, it would be...
If Elliot Wave Theory plays out the way it should LINK could have one more leg up. Currently sitting at previous resistance and 0.618 Fib level which is positive BUT we are getting bearish divergence meaning this crazy run could be running out of steam. MacD has also printed a bearish cross with plenty of room to run to the downside. Only time will tell.
Assuming BTC does do a wonderful belly flop, which it might..... LINK has a very decent chance of bouncing here. I think worst case we wick to 2.08 > 2.02(maybe we see a quick high 8ks BTC) But we have retraced greater that 50% from ATH USDT, and about 42% from ATH Sats Usually in the past we retrace about 35%-38% in Sats and around that much in USDT. I think...
Next stop either 78.6% retracement or a bounce since we're at the golden pocket @ 61.8% retracement.
LinkUSD has been by far one of the best performing cryptocurrencies this year, with one of the best teams and projects out there this is a solid project LONG TERM, but right now is showing some bearish signs for the SHORT TERM. After the massive uptrend for the last few weeks, Link has started to fall and the previous area of support around 3.20, has been...
I will preface this that this all of this can and will be invalidated if BTC activity changes drastically and brings down the market with it (or breaks the trend I show above). Several analysts predict it'll go down, question is - will it bring down other altcoins with it? I looked at previous patterns, and the current = $LINKUSDT / $BTCUSDT pattern. I'm leaving...
It seems that we are going lower as two clear BEAR flags have formed when looking at 1hour chart. Entry or buy zone with yellow. If it falls furter to 2.8, them Stop Loss activated. If we brake 2.8 usd we go down to 2.2 for sure.
LinkUSDT (July 4-2019_7:11 PM My Time)
It seems to go this way, maybe even sooner than 4'th of July. Little correction before it happens.
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
LINK has been the best performing coin of 2019 and one of the most exciting projects in the crypto space, I'm extremely bullish in the long term and we might see it in the top 10 pretty soon. But right now volatility has shrunk incredibly with the ATR falling rapidly and the donchian channels becoming more narrow. The loss of volatility usually happens before a...