Looks like either:
A) LINK PUMP
B) Cooling off and minor retracement.
Personally I think it's looking more bullish and will pump along with BTC. But also prepared for a minor retracement and re-test scenario as per chart.
Chainlink 4h chart is forming a HNS patter, I expect a breakout to $25.50 - $31.50 the first week of August. The faded white feed is a bars pattern is a that I took from March 13th to August 16th 2020.
Remember to zoom out and hodl, onwards and upwards frens.
I entry in long position in Chainlink, it's showing us a good trade in H2 timeframe. I look a bullish envolving candlestick.
I put a SL at $18 USD and entry price at $19.02 USD with my target toward $23 USD. it;s a risk benefit of 1:4, an excellent portion to measure the risk vs. benefit.
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
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.
Everything within this channel is just noise, not until we break above or below it do I expect anything too insane to happen with the price of LINK. It's not super reassuring that it's actually a rising wedge as opposed to an outright parallel channel, HOWEVER, given the fact we're in log view AND it's the ALL TIME chart, I think that means less than it normally...
Hello Traders and Analysts,
A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged long, due to purchasing further increments upon imbalances.
Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities.
Where investors Dollar cost average in the long...
Hey everyone. I hope ya'll are doing ok after that pretty brutal price action from this morning. I just wanted to post this as this link pitchfork has been holding strong for months and months now.
- We can see multiple times that the bottom 1.0 prong has been tested and has held. This is actually a pretty incredible trend line that has been a rock solid floor...
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.
LINK has reached the end of a parabola
I believe LINK will continue on a formation similar to bitcoins early days
I will continue investigation and relationship to BTC next to confirm this above statement