Looking at the weekly chart for LINK we can see that 5 up was likely completed. I have marked off in blue a fib retracement level 618% of the entire 5 up and it hits around $1.31.
Looks to me like LINK is starting the X wave now and should no extend price action above $30. A rejection there would confirm that LINK is in a very complex long term correction back...
Two weeks ago LINK finally managed to move from channel trading between levels of $5 and $7. Long term resistance line at $8 has been reached, but the coin did not have strength during the previous week to break this level, although it has been tested on several occasions. Weekly trading range was between $7 support and $8 resistance.
In line with spot price,...
On the above 2-day chart price action has corrected 90% from $52 despite the best efforts from the maxis. Missed my $3 target by a couple of dollars. Now is an excellent moment for long positions. Why?
1) The ‘incredible buy’ signal prints. On the 2-day, don't ignore.
2) Price action resistance breakout.
3) RSI resistance breakout. This is huge. 2 long years of...
Today I am posting brief . This is Chainlink on daily chart moving in downtrend channel from ATH above circa 50 $.
It's technically in bear market as other tokens and altcoins, below MA200 weekly.
I added some Fibonacchi and Fib circles. This chart also contains green historical support.
Fractal showing how could, or would progress into a near future....
Today, I’m going to share something that’s a bit of a secret among those in the know. I will shed some light on the first secret today, which is the volume.
The first topic for today is the volume. What you see is a chart that’s a combination of 10 minor cryptos weighted based on the volume to create a single chart for us to analyze. This is part of my basket...
It seems for now we have a bottom to work with , things are starting to become much more clear for Link , we now have this major trendline as Marco support. It's the same trendline that sent links on a massive run up to 20 dollars and now as it stands we seem to be holding it.
As you can see from the chart this time fib sequence is unreal , three amazing...
Bottom reached possibly on the weekly chart. May see a retest of $6.40 in the next few days. Futures look promising for chainlink if all goes well we should see $12.80-$13 by late September or Mid October. no technicals here just pattern observations. Good luck and happy trading!
TREND - Posting LH AND HL
Expected to go down and touch trendline support. Buy 50% at that price and if it breaks it buy other 50% at bottom rectangular support zone for the target mentioned mentioned
Wait for the trendline breakout and enter with Stoploss of previous HL.
Link has been struggling in a subrange but has painted many bullish patterns that suggested a rise to higher levels. One of which is a diamond bottom reversal pattern that I covered previously. It also broke out on the upside of a bearish descending triangle and currently retesting it and the support of a rising channel.
the RSI has been in an uptrend while price...
After a month of side trading, LINK finally made its break from the $5-$7 channel. This move was supported by generally increased optimism on the crypto market. However, charts are currently raising a question: how sustainable is the level of $8 for LINK?
LINK started the previous week at the $6 support line and made a swift move toward the $7 resistance line....
Link broke resistance at $7.50 and it is fighting now $8.00
The first area to watch is between $7.30 – 7.60 after the bullish retest as support.
The next one is current high supply zone between $10.00 – 9.25 after the bullish retest as support. A successful retest of this level is a strong confirmation for bullish continuation.
I will reveal the most bullish...
Link broke out of it's 434 day bearish parabola (in purple). In my experience, that means we have some upside ahead of us.
Keep in mind we're still in a bear market, which means that I see this pump as a dead cat bounce. I believe the price will rise in the next few weeks, crash to a new low in September, then move sideways between ~5 - 10 dollars until the...
Testing/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
The chart is on the weekly timeframe.
From the data that I see on here, I think the bottom is in. We will be ranging between the two green lines as I believe that is the accumulation zone.
If we break below the bottom green line, I will find a new chart. As you...