Four weeks ago I made my latest update on LINKUSD and how it gave a lower buy signal as it always tested its ATH and 1D MA200 before rebounding for a new High:
The current study is basically a continuation of the following idea, as I will try to determine where ChainLink...
Looking at LINK for more buy opportunities and scale in more buy positions.
Overall on higher time frame, we see the price action broke out of the channel structure, and strong bullish impulse move up.
We have seen small correction along the way to push the price up, but no larger, deeper corrections thus far.
If we want to see price gets push...
LINKUSD has left the MA20 support in the dust and is leaving the support behind. The support is there to catch the asset if it falls . The MA20 support is currently @ 8.20 on the daily and so its best be safe and dont be blinded by greed
LINKUSD is also on a TD 9 on the daily which can specify a reversal.
Chainlink, one of the most popular Defi Tokens as of late, has suddenly climbed high enough to begin liquidating quite a few Short contracts, one trade alone was liquidated at $11.79 with over $21 Million put down, and another $15 Million borrowed. $36 Million liquidated, and the price went up to hit just under $14 per token.
It is said that HUNDREDS of...
tri-monthly analysis reveals a repeat of the last run up to $4.8 which topped very near the 3.618 extension. current run's 3.618 fib extension at $18.4, but practically it will top between $17.34 and $18.4. I expect a retracement and an extended wave 5 to $800, after.
Chainlink skyrocketing after a shortsqueeze overnight, prices up to $13.78.
Shorter timeframe charts showing many patterns, but here is the bullish one that I would mind to play out!
A lot of shorts out there still - so beware
Target hit for Link on my previous idea. Congratulations to those who saw and listened.
The chart is now in a very important place as it created a correction on the 1H and it might either be an impulse that takes LINK to new ATH or a double top that takes Link crashing down as fast as it rose up. I still think Link is a great long to hold but we need to be very...
They can keep pumping this useless shitcoin but in some point it reaches the top. Buying or longing this right now is gambling, you never know if the top is in already. I personally play only short side of this market, I entered my short at 14 USD, target 90% fibonacci retracement level1.6 USD
Chainlink (LINKUSD) it seems it ended 3rd of 3rd wave, so wait for 4th wave down, which should probably ends near 12. so stay long in that zone, where it again resume the uptrend probably. The high volume and indicator peak supports the thesis.
LINK have been monster lately and it really seems like it is only starting to get going. I am expecting LINK to make the third wave of this Elliot Wave pattern and finish around $20-$24. If the same trend continues, weekend will be the sweetspot for LINK to hit that target.
Until that we MIGHT see some correction
to ~$10 range. After movement to $20 area, i am...
Price formed new high close to 14 and now appears to be dropping. I think it will retest and create support around the 9-9.50 area before continuing bull run. I will be looking to add when it gets back in this area.
I expect price to for the same clean traffic candle when you look left... on its way back down.
We shall see