$LINK made upper inclined trendline from resistance to support recently, but is not looking to make new highs soon.
Will consider adding some when we pass the blue horizontal line (current price resistance) as confirmation of an uptrend.
If we get the IHS pattern, then I will be exceptionally happy :)
BR & safe trades
LINK has often had a modest sell off prior to large takeoff in price.
Purple line is where I would like to see support hold prior to a run, if one is to come.
I have a stop at 21k which I expect will be wicked through to steal my position prior to the run... OR... I will protect my funds through another leg of downtrend to 18k.
No bother, I will sleep well...
Yes it losing the current support at ~23k sats but can we zoom out and look for the potential Inverse Head & Shoulders forming on the 12H/1D charts??
Failing to hodl the 20k range will invalidate this setup...
Entonnoir : W/D/H4 (swing)
LINK qui nous fait un double top daily (entourés blanc), ce qui annonce un retour vers la zone de S/R des ~21000 et ensuite probablement celle des ~18500. Si on va encore plus bas, ce sera le retour sur un biais baissier en weekly.
Funnel : W/D/H4 (swing)
LINK that has validated a double top on daily (white circles),...
The coin broke through the strong resistance and took hold above one. Currently, the situation looks like a confident trend reversal. Some time ago we have already posted this coin where we drew 1-5 Elliott Cycle which ended with ABC correctional phase. At the moment we can see either the beginning of the AB wave (upward), or the beginning of the 0-1 wave of the...
I am not a LINK marine. Never fall in love with any of these 'coins'.
With that said:
LINK is one of the only 2017 coins still going strong, rabid community behind it, and on a loose leash from BTC movements for the most part.
With Web 3 in late August and some other thing in September, there are two good 'stories' to act as cover for price moves up....
This is honestly one of the easiest buy signals I've seen as of late. This falling wedge is getting really tight and it has been testing the upper resistance for the last three days. The MACD is showing a bullish divergence for the first time since June 27th (57 days). Last time this happened there was a 2.3X in price from 17000 sats to 39500 sats. I have drawn...
Currently ChainLink is sitting on support which indicates on continuation of an uptrend. LINK/BTC price might continue to move up to test previous high, or towards 161.8% Fibs. But only one condition, if current support will hold
I think we will see LINK break the 25k block and move up to as high as 27-28k within the next few days. However, with zero to no news of a "major partnership" I could see link going back to demand zone between 13-18k sats.
Looking to enter LINK here in this boxed area for a mid~long term trade.
We have retraced 50% since the ATH in BTC and are touching the daily uptrend, looking for the previous daily resistance turned support at 18428 to hold as a bounce target.
Stop: 4~5% from entry
Good luck traders, be sure to set stops and be...