Today I am posting brief . This is Chainlink on daily chart moving in downtrend channel from ATH above circa 50 $.
It's technically in bear market as other tokens and altcoins, below MA200 weekly.
I added some Fibonacchi and Fib circles. This chart also contains green historical support.
Fractal showing how could, or would progress into a near future....
Ethereum is falling sharply while RSI is printing new ATL, time to be opportunist and place some juicy bids on 300MA and below!
Current Price= 1030.88
Buy Entry = 915.64 - 739.86
Take Profit= 1265.98 | 1632.40 | 1998.81
Stop Loss= 534.62
Risk/Reward= 1:1.5 | 1:2.75 | 1:4
Expected Profit= +52.94% | +97.21% | +141.47%
Possible Loss= -35.41%
Decentralised Information Asset looks bottomed here, we expect that dip to be the last then finally start the reversal.
Current Price= 0.00002656
Buy Entry= 0.00002665 - 0.00002405
Take Profit= 0.00004054 | 0.00005321 | 0.00007541
Stop Loss= 0.00001927
Risk/Reward= 1:2.5 | 1:4.58 | 1:8.23
Expected Profit= +59.92% | +109.90% | +197.48%
Cardano has pulled back towards 100EMA and is preparing for the big bull-run to come, time to full swing!
Current Price= 0.00002886
Buy Entry= 0.00002893 - 0.00002513
Take Profit= 0.00004463 | 0.00006935 | 0.00012294
Stop Loss= 0.00001998
Risk/Reward= 1:2.5 | 1:6 | 1:13.6
Expected Profit= +65.11% | +156.57% | +354.83%
Possible Loss= -26.08%
When taking a look at the chart we can see that ETH has broken through a resistance, retested support, and is now trading above the s/r zone. This leads me to believe that the next push to 3.2k is very likely to happen as long as BTC remains bullish. We need ETH to stay above the red line to show that the bulls are still in control. If we do break below the white...
It's fascinating in my own work how all these cryptos have these similar geometric break points. This one point crossing that red line was lined up with geometry on som many other cryptos.When i discover why i think will be using curves.
ChainLink has pulled back to 50MA support where we expect it to bounce and resume bullish mid/long-term.
Current Price= 0.0005195
Buy Entry = 0.0005207 - 0.0004873
Take Profit= 0.0006337 | 0.0007641 | 0.0009214
Stop Loss= 0.0004173
Risk/Reward= 1:1.5 | 1:3 | 1:4.81
Expected Profit= +25.73% | +51.61% | +82.82%
Ethereum bounced on 50MA / ascending TL support and has formed a bullish flag, let's catch next dip for a mid-term swing!
Current Price= 4152.58
Buy Entry = 4006.05 - 3456.01
Take Profit= 4998.85 | 6999.83 | 10431.40
Stop Loss= 2882.99
Risk/Reward= 1:1.5 | 1:3.85| 1:7.9
Expected Profit= +33.98% | +87.61% | +179.58%
Possible Loss= -22.73%
This does not provide financial advice. It is for educational purposes only. You can use this information to make your own plan for the market.
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ETH has clearly broken out of the parallel channel shown and is looking more bearish as the days go by. I've marked on the chart the next support zones to pay attention to. These zones would be the best areas to look to go long. You can also consider a short but with a tight stop in case of a bullish push from the whales. Let's see how this will play out in the...