IvanYG

IvanYG

The price for LINKUSDT is already trading around the Blue pitchfork trendline as per my previous publication. There is still more room for the price to fall in the short term with the Red RSI and Blue LSMA just starting to fall below the 50 level (in the 4h timeframe). However, we still need to see if the current support is strong enough to hold such that...

IvanYG

In the 12h timeframe, the Blue LSMA and Green line is already at the negative level. The Red RSI is also very low at 0.99. These could be signs that the downward pressure is overextended (short term). However, in the 1d timeframe, there is still some room for the Blue LSMA to continue downward although the Green line is also already very low. Short term...

IvanYG

In the weekly timeframe, the Blue LSMA and Red RSI is still trending downwards, and there is still room to go lower. The price is currently supported by the yellow trendline in my Pitchfork, breaking below this line could bring the price to the 1st support around 13.5 USDT, or 2nd lower support around 12.7 USDT. However, if there is a bounce from this level,...

IvanYG

Similar to my analysis on LINKUSDT, the potential buying area of BTC will be around the 38k to 40k range which is between the 0.5 and 0.618 Fib extension price. If price starts to fall sharply, it is also possible for the price to fall to the Pitchfork White Basis line around the 35k-ish region before quickly turning back up. This range is provided assuming that...

IvanYG

The prices of the overall crypto market have been continuously going up for 3 weeks since the mid of July and this could be the beginning of a much needed pullback. Based on historical data, during a pullback, LINKUSDT tends to drop to somewhere between the 0.618 and 0.5 Fib range before continuing up. This will be somewhere between 20.4 to 22 USDT. Of course, it...

IvanYG

There is potential for LINKUSDT to increase to the Yellow Basis minimum in the 2d timeframe seeing that the Green Line is already above the 50 level. The Yellow Basis is currently at 22.3 USDT. After this, do expect a potential short pullback soon against BTC as the LINKBTC pair is quite overextended at the moment. Green Line is well above the White Energy...

IvanYG

In the 3D and 6D timeframes, White Energy is above the Green Line, indicating downward pressure. The Blue LSMA has just crossed below the 50 level in the 6D timeframe, and is still looking like it is falling. I typically use the Blue LSMA line to determine potential of price reversal, and looking at the 6D currently, there is a high chance for price action to...

IvanYG

With the major crash few days back, the near term and long term charts have turned bearish. With this cycle looking similar to the one in 2013 (for BTC), we should have several months of consolidation for both BTC and altcoins before a quick pump to the true market cycle top. For LINKUSDT, the Red RSI is going to cross below the 50 level, the blue LSMA is turning...

IvanYG

In the 2d and 3d timeframes, the LINKBTC pair looks quite overextended. Especially in the 3d where the Green Line is significantly higher than the White Energy, and the Blue LSMA at close to the 100 level. This usually results in a sharp fall of the Green Line to the 50 level which may happen anytime. In the 2d timeframe, the Green Line has also turned down and...

IvanYG

LINK is showing similar price action as BTC, where it has not quite bounce back up to the 50s region yet. For LINK to start a significant move up, the Red RSI line is the 12h timeframe needs to first turn up and cross above the 50 level together with the Blue LSMA. The Green Line will also need to turn up and eventually get above the White Energy to indicate...

IvanYG

In the 3h timeframe, the Green Line has crossed the Red RSI and turned down, indicating downward pressure, and with the White Energy falling below level 50, the price fell to the Upper White BB and found short term support there. In the 6h timeframe, the same thing could be happening, but since the White Energy is still above the 50 level, the price have not...

IvanYG

LINKUSDT found support on the Yellow Basis in the 2d timeframe at 39USDT. In the 3d timeframe, the Green Line is currently still going down. There is a chance for the price to find support on the 3d Yellow Basis (currently at 36USDT) if there is another correction . However, I see a low chance of this happening given that the Green Line is not below the 50 level...

IvanYG

ADAUST is looking quite bullish following its break out to a new ATH. In the 2d timeframe, the Green Line is above the White Energy, indicating upward pressure. The White Energy is not even turning down yet, while there is still some room for the Red RSI and Blue LSMA to increase. In the 3d timeframe, the Red RSI is above the 56 level, which means there is a low...

IvanYG

LINKUSDT has been trading in the high 40s range for several days now. Looking at the 3d timeframe, there is still upward pressure with the White Energy not even turning down yet while the Red RSI is above the 56 level. The Green Line is above the White Energy as well. With more room of growth, there is possibility for another leg up to the mid 50s level after...

IvanYG

DOTUSDT has been trading within a range since the end of Feb, similar to BTC. Looking at the 2d and 3d timeframes, it should not be long before we have a break out for a new ATH. In the 2d timeframe, the Green Line is already above the White Energy as the White Energy has exhausted and turned down, indicating upward pressure. The Red RSI is above the 56 level,...

IvanYG

Looking at the short term timeframes, there is still upward pressure for LINKUSDT. In the 1d and 2d timeframe, the Green Line is above the White Energy, indicating upward pressure. With the Red RSI above the 56 level in the 2d timeframe, there is a low chance of a significant drop until the White Energy crosses below the 50 level. As the White Energy is still...

IvanYG

The 1d timeframe has actually already won the downward pressure race against the 2d timeframe 3 days ago. Currently, the Green Line is above the White Energy in all short term timeframes (90min, 3h, 6h and 12h), indicating upward pressure. Since all the criteria have been met, we can conclude that LINKUSDT has begun its reversal to sustained upward pressure. The...

IvanYG Updated 

There is currently a downward pressure race between the 12h and 1d timeframe, where to see a reversal to upward pressure, we need the White Energy to cross and close above the 50 level in the 12h timeframe BEFORE the Red RSI in the 1d timeframe crosses below the 50 level. There is a good chance of the 12h winning the race, considering that the shorter timeframes...