Really depends on how the alts react to BTCs next move, but... LINK seems to be retesting the 200 SMA on 4hr TF. If it catches support, this would be a very bullish sign.
The Stoch RSI is undersold and put in a bullish cross as well.
Of course, there's definitely room for more downside if BTC dominance continues to increase & leave the alts behind...
BTC moved up nicely but altcoins didn't follow it that's because of BTC.D( bitcoin dominance)
you can see on my chart that I drew before completing H&S pattern. and it dropped
on the chart now we can see the head and shoulders...
Hi Everyone! We are still at risk of falling further. We cannot ignore this "possibility" when looking at the 3-Day and 6-Day time frames pointed out in the video. I will post the 6-Day time frame again below and follow up with the 3-Day and Daily (24h) Time Frames in the description. In the meantime, we can expect sideways price action at best within $10.40...
Hi, everyone! Today we’ll take a look at LTCUSD!
As you can see from the graph, after breaking the channel, the price went to the retest, forming an upward channel. I’m expecting a rebound from the channel's support line and rapid growth. News: Chainlink is actively engaged in the development of the decentralized oracle market, and at the end of August, the...
First time sharing an idea.
Link is in this rising wedge, forming a H&S pattern on the 1h
Target would be around the bottom of the wedge / golden pocket.
Could be a day or more before this plays out, but planning on opening a long position at the bottom of the wedge
Link is at the bottom of a support area which is a good place to get into this coin as you can have relatively small stop loss and still manage to have your take profit being hit!
Take profit at $11.33
Hi Everyone! We don't see confirmation just yet for a reversal to sustained upward pressure. Mainly because the White Energy in the 3-Day and 4-Day is higher than the Green Line - AND- the Red RSI in the 3-Day and 4-Day has NOT "closed" ABOVE 56.