looking up on weekly timeframe, there seems to be a bullish rsi divergence.
If we break out the trendline to the upside, I will look for conformations to fill the fairvalue gap above.
Fundemantally we are not clear yet so i will still hold as a second possibility to the downside. Sellers however seem to be exhausted for now and negative news events dont have such...
I've been waiting for this rsi breakout since May, but knowing a bit more now, I feel like this might be another fake pump. The utility fundementals are still there but market conditions are as we all know, not optimal. Would love to hear another view (or even the same view)
Can this really be true? I have a hard time believing that chainlaink would crash to these levels, but a head and shoulders pattern and an bearish RSI divergence give somewhat clear indications of such.
BB on weekly "short term" gives hope but just a little.
Elliot doesn't give us when or how much, but we know which way its movement is going.
¨°o.O - taking into account that wave 5 has to stay below wave 3 it can be predicted that there is a probability that the price will go to 1 digit at the end of this wave 5.
¨°o.O - taking into account that after wave 5 will make ABC go up because we are using inverted elliott...
If price stays on the monthly trend line we could se a major bull run. This bull run is possible since BTC is on a reversal period indicating a start of altcoin season.
NOT FINANCIAL ADVICE.
LINK GONNA UP!
Very PROFITABLE High Probability Setup that
Gonna come up on the next days
Just wait for the market grab some liquidity
Let the market breath´
and take the rocket the the MOOON,
ARE YOU WATCHING THE MARKETS ?
WE ARE !
great opportunities are coming...
for those who didn't have the opportunity to earn money at the beginning of the last cycle of the crypto market's rise, a new opportunity to approach in several currencies as the BTC goes down, knowing how to wait, and getting hold is the key to long-term success
Hi,
LINK is due to an imminent breakout as RSI 1W is about to cross bullish for the 1st time since it went Bearish beginning of July (bear fakeout).
I wont put the price levels for price discovery phase yet, because that would be pure Fibonacci speculation. But, my bet for LINK is around 400 euros per unit by Q2/Q3 2022.
Rather I provide you with the main price...
Namaste everyone.
I 'll keep this short.
LINKEUR seems to have broken above resistance on both, candles and RSI (marked with the green circles).
A retest is expected and it is also a buying opportunity if the test holds.
Possible Buy target in green dashed line.
Possible Sell targets are the red dashed lines.
This is just my thoughts and NOT a trading...
There is a descending triangle forming on link. It is a very very bearish one. Its on the 1 day timeframe and link can go up to 4 euros! I dont think it is gonna happen but you never know.
