I have outllined 3 scenarios.
First, there is the green line where we break up out of this triangle and retest the dotted trendline. This would likely be sparked by bullish news about staking. There was this article that came out yesterday where we are finally given an estimate of staking which is rather sooner than most anticipated....
LINK has just seen a great bounce off of the resistance highlighted by the green box, coinciding with a perfect buy signal on the TD9 for 2 hour. Now it seems the bulls are exhausted as they failed to close above the previous green TD9 support. After breaking down from the triangle, highlighted in black, it now seems to be retesting that trendline perfectly, as...
How can this scam even be allowed to exist? This is just manipulated 100% by futures making money from dumb retail Craig Wright cultists. Market makers are really the only thing keeping this thing alive. The best strategy so far would have been to dollar cost average low leverage shorts, as it's fairly unpredictable when the inevitable dump will happen. However I...
Trying out a new style of analysis. First sell off finished, recovery rally finished? If this plays out, it will invalidate my previous EW analysis (see related ideas)
Like if you enjoyed this chart, and feel free to comment any ideas.
Will it bounce on LTF potentially to the 5.30 midline, fulfilling the wave 5 prophecy?
Or will it drop down into the abyss, fulfilling the fractal of previous ATH?
Either way, this is a good R:R trade to go long if you think this analysis is accurate.
Please don't forget to leave a like!
NO RETRACE FROM HERE BOYS ONLY CHAD STEPS $1000 EOY ALSO CHINA WILL GO ALL IN ON CHAINLINK TO CONTROL CORONA VIRUS OUTBREAK AS PAPER MONEY IS BECOMING INFECTED WITH THE VIRUS AND THEY WILL TRANSITION TO A 100% DIGITAL ECONOMY.
SERGEY IS IN CONTACT WITH ALIENS WHO WILL USE THE CHAINLINK TOKEN TO ENSLAVE EARTH. THEY HAVE SELLERS WHO WILL ATOMIC SWAP FOR THEIR...
Very likely we'll see 4.27, as it is a measure move of the bull flag, and the 1.618.
4.20 is also resistance though- wick of day after ATH.
Eyes set on 3.79 for re-entry/ adding to position.
Little resistance on wave 5, likely to surpass ATH.
If it goes above the 1.618 without a retracement, could go straight to $4.50-$5.
Funding ends in 1h, could see some profit...
Sorry for messy chart. Just had a coffee and noticed this. So much weekend chop and stop hunting though so watch out.
Basically it's a pretty clear bullish wedge and bullish divergence on the 1H. Target is at or above the overhead resistance at 2.95, where we could create a triple top or break through by printing an ascending triangle and consolidating at the...
Chainlink is going somewhere, if I were you, I'd go all in.
This is not financial advice.
Look at the chart, bullish divergence, many important fib levels and EMAs been taken out. Price action looking more and more bullish by the hour.
Check the other time frames by yourself. Or just buy chainlink, you don't even need to look at the chart to know this is going...
This chart assumes the bottom is in here, and is one possible scenario using pitchfork analysis.
Notice the huge bullish wedge I've been pointing out for ages.
Also notice how much we've been bouncing on the boll lines since the formation of this blow off top wall street cheat sheet psychology of a market (psy)cle schematic. We have again reached the bottom...
I am seeing a fractal from the original dump down to 6k that will take us to the 8ks again in the short term, before quite probably continuing the downtrend. Maybe we'll print one last lower high before an even deeper eventual dump below 3k. Or the whole structure is a big bullish wedge. Either way a double top after 8ks and some more...
Target is the descending trendline above.
We just retested the resistance to confirm as support, so great entry here!
Please see related idea for long term view on this market. This move is starting to confirm this other macro idea about the long term bull market starting at the close of the month.