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.
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.
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...
Usually for currency pairs with little past data, we often use the fibonacci level as the simplest.
There are 2 levels that I often use are 100% Fibonacci and Fibonacci 161.8%.
However, there are many cases where the price is too strong due to FOMO especially crypto, we can see 200%, 261.8%, 300% ...
So, I still recommend that you close 1/2 or close 80% of the...
I think that LINK has shown great gain and will rise even more. Right now I think that right shoulder is coming and then a small drop, even below the trend line. But it will bounce back with furious anger and intent :P
Right now price is at $2.34 , but 30.06-01-07 the price will be $3.2 . At least I hope so :D
Not an investment advice, like always, but my own...
Per the chart you can see a breakout from triangle on the 4hr chart. Lower wicks of the following candles have approached tests of the breakout have bounced near the top-line. I expect LINK to trade above it with moves going back towards $2.00 or 21200 Sats. A trading range around 19200-22000 sats is what I am expecting before continuing price discovery. Trading...
