If the previous following pattern occurs again, I can see link surpassing old ath in the next run up.
I believe we hit some resistance between 19-22 then breach old ath. It would be interesting to see link $69 as the new ath, since 69k is BTC current ath.
I just realized some similarities between Link and BTC price action. BTC 1.2k first ath to Link $1.20 ath....
LINKUSD (1H Timeframe)
A High probability, entry signal to go SHORT was given at 15.40 after the market found resistance at 16.95. Only the upward break of 16.95 would cancel the bearish scenario.
Stop loss: 16.95
Take profit 1: 12.64
Take profit 2: 10.00
Strategy: Bearish wave We2
Following the High at B' area, the price went down to 12.00; now I am expecting LINK to go up to near the lows of 24.00.
And since B' is an LH, the overall trend is bearish towards 8.0
It seems Chainlink is independent.
On this profile page, the shared analysis, ideas, and also, the strategy of a chart belong to Khiwe with some being influenced. The...
Does chainlink even have bear cycles? , one can say price just goes into a long accumulation period before heading up once again.
Secondary Long term channel still intact , I did have another I was charting but it broke that one. Chainlink has had a double rejection off the 8/1 Gann so far.
The longterm channel and the end of the 8/1 Gann cross March 14th 2022...
Are we ready to pump it up? Chainlink is now retesting lowest support $18-$17. Is this the beginning of a new chapter for chainlink? Let's hope so. I feel we have a Ton! of support in this area to not go any lower. $50+ for Chainlink coming to us this summer??
Everything on the chart
if u look from my early predictions I weight on other things than the patterns
(i'm not telling ya about it :DDD) ---- Patterns is just only something to express it out :P
feel free to feedback / comment and share ur idea
Trade safe & cautious
Firstly, I really love this coin and been trading it since I got in crypto market
and after I analyzed BTC in worst case scenario made me look back
and wondering what this coin would be. Then I found it struggle
there on the strong resistance as above.
Every coin has 2 sides
there's this possibility that this may happen
Don't trust it with all ur <3
In small TF looks like its
forming the double top pattern
means trend is changing to downward (cannot pass the resistance)
due to current market situation, under bear pressure
Hope it wont fall off the global ascending channel until BTC is bottomed.
See below link for bigger TF
Trade safe. Always place the stop loss
Feel free to feed back / comment
Happy New Years! fellow traders.
Today we consider the trading pair, LINK/USD
From the chart above we can see LINK price is in an ascending channel, tho not the most parallel one to the eye, but it fits.
Taking a look at our RSI, each time value entered the oversold region, a bounce occured right away, also aligning with price returning back to channel support...
All aboard the Stink Express it's your captain Swoop here and we're on track to our destination bagholder island!, Every time I make these ideas there is a plethora of tribal top longers/failed dip buyers and just overall new market participants who can't stomach the fact that their bags can go down...and a lot, It's not personal and I don't get any joy in seeing...