On the H4 chart for Link we have currently reached Resistance zone.
we may have some price consolidation within the blue box before another Bullish cycle.
Hope my Chart is understandable.
stay with the markets, lets see what happens
When the Elliott wave count on Bitcoin and on Ethereum are difficult to read, I like to see what other altcoins are doing for clarity. Surprinsingly, Chainlink seems to have a very clear count to me. It has a last upward leg to $26 that began this morning with the break out of an intraday triangle. For the price to reach that level, it probably means that Ethereum...
Benjamin Graham -"In the end, how your investments behave is much less important than how you behave." Placing longs at top is bad, but placing shorts at the bottom is much worse. Before entering any position I try to identify if the market is in a down wave or a up wave. It can be helpful to identify the waves in all frames of time, 1min, 5min, 15min, 30min,...
There is quite a bit of resistance between $23-32 area. After breaking this resistance box we will see higher levels. My first TP will be around $42,-
Feel free to comment on my chart while I am still learning.
LINK has been impressive these past 24 hrs. We entered earlier today at 23.47 after the volume/spread analysis checked out, and it started climbing immediately. I wanted to upload the chart before it went too far to be profitable for you guys. I didn't want to have what happened to Ravencoin; it explodes to the Fibonacci zones before I can share my position.
Chainlink has been performing absolutely incredible over the past month being up 30% and 40% on the week! Even while BTC is down, this truly shows the strength of chainlink and how powerful it can be! We are looking very very bullish as we quickly regained our Long term trend line spanning back from march 2020, we have gone on a beauty run up and now are...
BINANCE:LINKUSD Self explanatory when looking at the pattern and respective moves. I've included Fib extensions to chart where Link may go to next, but suspect $30 would be the top if there's bullish continuation from here. Trade safe!
NOTE: NOT trading or investment advice.
LINK Long Term Idea - Personal Fave - Lovely three wick rejection on the support which can only mean Bull season!
The support remains strong at 13/14 and the immediate bounce back to bull can only mean we're going to 70's and above! Confirmations include S&R, EMA, Fib, Price Action, Trendline & Wick rejections. As always I only trade with a minimum of 5...
3 DAY LINK CHART WITH 3 TOUCH POINTS ON OUR LOWER SUPPORT LINE. ROUGHLY 450 DAYS BETWEEN CAPITULATION TOUCHES. 3 DATA POINTS. MAYBE WE SEE A 4TH TOUCHPOINT IN AUGUST 2022 AT A LOW OF APROXIMATELY $140.
Hi Everyone! We will have a better idea of a tighter price range target with Fibonacci and Bollinger Bands around August/September of 2021. If the cover chart is scrunched up, refer to the screenshot below.
WIth this analysis I applied:
1) ELLIOT WAVES
2) Fibonacci trendline extension
3) Lengthening theory
Why am I sure Link is going to go up (together with other strong tokens)? For the following 3 reasons:
1) BOLLINGER BANDS: Bollinger band indicator on the weekly flashed green
2) BULLBEAR TREND: Bullbear trend is still strong and will flash BUY soon