LINK price action above 2.5$. Break down EMA 21 periods and was started ABC correction first wave rejection to 2.465$ second B rebound up to 2.788$ and finally C slowly grid down potential to 2.2$.
Pirce action above EMA 50,100,200 still uptrend. Potential retest green support trend line.
Indicators: MACD bearish crossover bellow zero line. RSI bellow 50...
Hi, today we are going to talk about LINK
We observe a Daily chart , some important points. The details are highlighted above.
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Main price structure seems broken for me, with first lower highs showing in higher time frame, so it looks ready to correct this first movement imo. Already spot sold my link holdings and I will be looking to margin short if it reaches the area of 2.72.
LINK climbed above 50MA on the daily chart and is trying to touch the 2.0776 high of the box segment.
2.0776 is expected to be the first resistance line, similar to the 20MA of the weekly chart.
The second resistance is at 2.2287, which is the 5MA point of the monthly chart.
The third resistance level is 2.5033, a key point for the high point of the LINK coin...
Supports are drawn on the chart (Fib).
We will see how the decline unfolds.
I expect that we will see 2.28 before we can go up again.
#LINK #CRYPTO #LINKCHAIN
Price action (PA): Linkchain broke down exponential growth move. Closed above EMA 50,100,200. LINK potential retest 1.95$ level. Hodl above 21 EMA line if break then potential deeper correction. Really strong resistance at 2.95$. LINK closed bellow 3$ price level.
Indicators:MACD bearish crossover, but still above zero line. RSI above 50 points level. First sign...
If the price is maintained above the 2.5033 point, it is expected to rise above the 2.9266 point and maintain the price again.
It rises steeply over a short period of time, resulting in high fatigue.
So we need a period to keep the price at the point where it has risen.
Hopefully, the RSI will give you a moment to get off the overbought.
LINK/USDT - Binance
For this graph, We use Elliott Impulse Wave (ABCDE) with eclipse tools below and rectangle movable tools.
MacD below
On this graph, we saw an uptrend with possible downtrend below graphs
Verdict:
We open risk, Good buy at $2.3 - $2
Stop loss at $1.9 TO $1.8 as long it goes below the rectangular tools and hoping the BTC won't drag it...
Followup to my bigger picture of Link's "Impulse Redux" (click).
Link has been the strongest coin bar none, blowing through resistance zones.
Now it has returned to the Impulse which defined the drop (along with btc).
If bulls cant break through the Impulse Core, look for support at green zones.
There look top have been "3 drives" to this recovery.
Each of those...
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