Hello everyone. There are several ideas that I'd like to mention:
1. We have consolidated quite strongly above the former price channel (from July - Jan). This may mean a new trend entirely, as shown in the chart.
2. Using fib levels from the start of this entire run up (Jan. 3rd) and on the short term retracement from 15447, it seems there is a harmonic ...
LINK/BTC has come to completion of the bearish Butterfly pattern after 472 days, now we are on the move to targets, respectively green bookmarked lines on chart.
It doesn't mean won't swing, it just means we are going to first target without making new highs again, don't be a believer! #short
There's also some bearish divergence and bearish hidden divergence on ...
Hi guys spotted Bearish Butterfly pattern on Link and this pattern equivalent to the exactly 1.618% extension of the last corrective waves before the beginning of the rally.
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Please share your thougths about it and support my post with your LIKES.
There really is something to this TA stuff. I drew an ascending channel a month or 2 ago that seemed to match LINKBTC range during it's meteoric rise from this summer. First the upper edge of the range functioned as resistance, then support.
Keep an eye on this one people...chainlink is going back down to retest the rimline of its cup and handle pattern if it solidifies support here and we see some nice bull volume to go with it then it will be a big buy for sure. Currently it could still be a fakeout but probability is currently favoring a validated breakout. Fundamentally chainlink has a lot of good ...
Chainlink potentially signaling a small pull back due to rejection of pink trendline. When price spikes through a resistance line, then falls back beneath it, and finds resistance back at the same line, it is usually the signal of a drop. Watching the two shaded support areas below, and the one at the top if we are able to break through the pink line where the red ...
I'm seeing divergence on the larger time scales. The price is making higher highs, but the indicators are not. The price is also forming a rising wedge, which is bearish. This looks like a good time to take some well-deserved profit. If you're still in, have a stop order ready if the price breaks the wedge to the downside. There's always the chance of going parabolic.
Link is being traded at its ATH for BTC pair, step by step the price was breaking new resistances.
What's next for link? How to trade an assets in its all time high?
The next days will be interesting.
For those who wants some of this, I recommend to go carefully on trades but keep an eye on it, the price is presenting a slightly correction at this moment, manage ...