LINK has been in a major accumulation zone since May 2022. The range is currently between $5-$9. Once this range is broken with a bullish continuation PA we can say goodbye to these levels. I believe most of 2023 we will play around with the highs of these levels if we do manage to breakout but this is clearly institutions loading up their bags and waiting for the...
Hello Dear friends
In the previous rising trend, the range was completely consumed, but HH it was not formed for us.
Currently, due to the range and negative divergence of the RSI combined with the harmonic pattern, the probability of breaking the upward trend line is high.
Keep in mind that we will be issued a process change confirmation when the orders are...
LINK has been formed a rising wedge pattern which told us that it is going to trend reversally, and in terms of the volume we saw a strong decline which agreed with our pattern, and in the favor of the market situation now, trending down is expected.
NOTE: always DYOR.
Today, we will consider the LINKUSDT price chart on the 3-day time frame
For the last six months, the LINKUSD price has been in a wide consolidation range of $5.50 - 9
Trading volumes in the range show that buying prevails, and therefore we can conclude that the "big player" is gaining long positions.
If in the coming days, the LINK price does not fall below...
Elliott Wave Guidelines:
Depth of Corrective Waves
Understanding Elliott Waves is much more then the basic rules and 3s and 5s. A largely underused aspect of Elliott Waves is the Elliott Wave Guidelines. These go beyond the guidelines for each specific pattern and are meant to assist in determining the most probabilistic wave pattern. This is just the primary...
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
LINK has been stuck inside a big range in green between 5.0 and 10.0
And as per my last analysis (attached below / related ideas), we know that now the bulls took over from a short-term perspective after breaking above the orange zone.
As LINK retests the orange...
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LINK (Chainlink) looks horrendous. The price is breaking down the support of a Massive Descending Triangle, ultimate Target of which is $4-5
Keep in mind that LINK had a decent multi-year uptrend. Now it's time for a clear bear cycle
The overall picture looks almost identical to what...