Please note - I have no idea what I am doing with technical analysis, however I do often play with charts and look for patterns.
I was playing around with the Link last week and made my first projection on chainlink based on a pattern seen comparing the long term channel Link generally respects, and a pitchfork from the most recent pull back. I have noticed this...
Hello, welcome to another one of my analysis
Since about a few weeks ago I have been very confident of the price of LINK
I have a position in LINK at $28USD which I keep changing the stop-loss and till now, hasn't closed out.
To better understand what my ugly chart is about, I am going to explain what I have used.
The pitchfork was made a few months ago and it...
Link and LTC are tied to the hip. Look at the candles side by side and you will see that they have moved VERY closely to each other.
If one breaks away before the other (up or down) I would expect to see the one lagging follow suit shortly after.
Just an observation. DYOR and GL!
everyone was looking for bitcoin to hit 50k
but only DOTUSD AND LNKUSD where sitting at POC
i like to have volume supporting price.
vwma was moving higher on bitcoin, but lets see if a rally without higher POC continues
in the past such rallies without higher volume faded soon
Welcome to this analysis about LINKUSD we are looking at the hourly timeframe perspective. LNKUSD in recent times is forming some interesting developments as it is holding the structure especially above the 75- as well as the 55-EMA. Besides that it developed this main ascending-channel-formation marked in my chart with the black boundaries, within this...
The set-up in Chainlink is excellent. One of the most important lessons I have learned in trading is to focus on the assets that played strong defence in bad times, and were market leaders in good times. It's a simple philosophy, but most people playing the market are addicted to outsmart it by buying the assets with the lower price or market cap (in the case of...