Good evening. Browsing through the charts to find interesting setups and stumbled upon LINK. It's starting to look like we are about to break out of the falling wedge as we speak, which will act like a bull-flag at ATH.
We are still a little low in volume to get a confirmation of the breakout, but I'm keeping an eye out. The long term chart is nothing else than...
BTC/LINK now looking so good bcz exponential moving average is moving up and creating a cup in between the candles, that means bullish pattern. and in 24hr Tf ema is just before the last candle and almost start its gears to be bullish. bollinger band is also opening after a long time macd is about to bullish bcz macd was also down and now creating cup handle. kdj...
Chainlink has been one of the most bullish alt coins since the start of the bear market and it shows no signs of slowing down. Looking at the daily chart you can see that since hitting its peak 6 weeks ago, the price action has formed a bullish falling wedge and has completed a .5 Fib Retracement. The MACD has a near bullish crossover and the last bullish...
Still learning. Just my thoughts.
1. RSI hugging 50 line.
2. STOCH: bottoming out and bull divergence in the making (orange line)
3. STOCH RSI: bottoming out
Expecting a drop to around 9.7k - 10K area and bounce eventually leading to new ATHs.
Commodity : CHAIN LINK
Trade Type : LONG
Trading Against : BITCOIN
Entries : Double-UP Entries throughout the Buy Zone
Profit Taking : 25% at each TP point
Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on
Duration - 1-4 weeks
Investment in trade : 5% of the total Trading Balance.
BT/LINK is now looking soo good bcz exponentional moving is moving up and creating cuo in between the candles thats means bullish.and in daily chart ema is just before the last candle this is so bullish for me.bollinger band is also opening after a long time and macd is about to bullish and creating cup handle too and ready to go up. Kdj in 4hr and 24 hr also...
ChainLink starting an uptrend. Breakout of trendline and above major resistance. There is no way back here, only to the moon. Add to this that it is very close to all time high - which is only 28% and that will be our profit by the end of March.
Buy zone 11600 - 11800
Targets 12600 - 13200 - 14200 - 14900 - moon
Trying to break from the falling wedge after retracing to the .382 fib level since the 60%+ run that happened on January.
Volume is currently rising.
RSI Rising and MACD about to bull cross.
Potential Targets on the chart. UCTS showing a buy on the 12h