As I have mentioned a few times previously, LINKUSDT has been a slow mover compared to many other altcoins, which actually can be explained as LINKBTC has been in a bear market since its top in Aug 2020. A very clear illustration can be seen below: After a parabolic run up to 0.0017BTC, LINKBTC ultimately fell and even dropped below the "mean" support line...
In the 12h timeframe, the White Energy has exhausted and started to turn down. The Red RSI and Blue LSMA is still going up whereas the Green Line is starting to show small signs of turning down. In the 1d timeframe, the White Energy may exhaust in the next 1 or 2 candles. There is also still some room for growth for the Red RSI and Blue LSMA whereas the Green...
Currently, LINKUSDT is still not able to break the resistance at the Red Trendline. It did manage to go up briefly on 6th April but ultimately failed to maintain support and broke back below the Trendline. As mentioned in my publication on 4th April, LINKUSDT needs to break the Red and Purple Trendline before it can have a significant move to the upside. In...
BTCUSDT has broken out of the ascending triangle below with the price reaching a new ATH. In the 90 min, the White Energy has crossed below the 50 level, whereas in the 3h, the White Energy has already exhausted and is starting to turn down. It could fall below the 50 level in a few more 3h candles. When this happens, I would expect the price to fall...
ADAUSDT has been showing sideways movement since the start of March 2021, with the price showing strong support at 1 USDT, at the same time unable to break above the high of 1.4 USDT. Looking at the 3d (Near Term) timeframe, Green Line is above the White Energy, and it has just crossed the Red RSI and Blue LSMA while pointing up, indicating upward pressure. In...
BTCUSDT is having upward pressure in the short term timeframes, with the Green Line above the White Energy in the 90min, 3h and 6h. 12h is also showing potential for the Green Line to go above the White Energy as the White Energy has already exhausted and started turning down. With the Red RSI above the 56 level, there is a low CHANCE of a significant drop in...
Revisiting and comparing the current 2d timeframe pattern to the 1d timeframe pattern in July 2020, both are looking quite similar in terms of the overall pattern as well as the price action. With the Red RSI above the 56 level currently in the 2d timeframe, there is a low chance of a significant drop in price until the White Energy crosses below the 50...
As LINKUSDT continues to move up, heavy resistance should be expected at the Red and Purple trendlines in my Pitchfork. The price levels at these lines are continuously increasing by the day but are currently somewhere between 33~37 USDT. The White basis trendline also seems to be strong support as price manages to bounce off it the last few times when LINKUSDT...
With the new 2d candle today, the White Energy has crossed above the 50 level before the Red RSI can cross below 50 in the 4d timeframe, which means that the 2d timeframe has won the downward pressure race. Looking at the shorter timeframes, the Green Line is above the White Energy in the 90min, 3h, 6h and 12h. The Green Line is also going up strong in the 1d...
As previously mentioned, we are currently experiencing downward pressure in LINKUSDT. Currently, LINK is trading within my 1.0 Fib level range (26.6 to 28.1 USDT) as below: If we have another leg down, the Yellow Basis in the 5d timeframe should act as a good support (currently at 23.6 USDT). This price also corresponds to the top of the 0.786 Fib level...
BTCUSDT is currently in a downward pressure race between the 12h and 1d timeframe. It is looking highly likely that the 1d timeframe will win the race, as the White Energy in the 12h timeframe is not even close to the 50 level yet, but the Red RSI in the 1d timeframe is already at the 51 level. Once the Red RSI crosses below the 50 level in the 1d timeframe, a...
In the 90min, 3h and 6h timeframe, the White Energy is above the Green Line, indicating downward pressure. The downward pressure race has also continuously cascade into higher timeframes as the shorter timeframes all failed to meet the conditions to win the race with their higher timeframe counterparts. Currently, in the new 12h candle, the Red RSI has just...
In the 2d timeframe, LINKUSDT is still trading within the UPPER and LOWER White B Bands. It is looking quite POSSIBLE at this point that price action will act similarly to the pattern in the 1d chart as per my previous LINKUSDT publication, and we may have some strong upward price movement soon. Currently, the Green Line is turning up quite strongly in the 2d...
The race to determine an end of downward pressure and potential reversal to upward pressure is still ongoing for ADAUSDT. To conclude that downward pressure has ended: - The White Energy in the 2d timeframe must go up and close above the 50 level before the Red RSI in the 4d timeframe crosses below the 50 level. - The Green Line should be above the White Energy...
Short Term Analysis (Charts not shown): In the 45min, 90min, 3h and 6h timeframes, the Green Line is above the White Energy, indicating downward pressure. There is however a potential reversal going on in the 45min to 3h timeframes. Therefore, we could see some upward price action in the short term. Near Term Analysis: In the 2d and 3d timeframes, the Bollinger...
In the 2d timeframe, the Green Line is below the 50 level, increasing the odds of the price falling to the Yellow Basis in the near term (Currently price at Yellow Basis is 0.90 USDT). Similarly, in the 3d timeframe, the Green Line is also currently below the 50 level. If the 3d candle closes like this, then there will be a risk of the price falling to the Yellow...
In the 6h timeframe, we are at risk of falling to the Yellow Bollinger Band Basis minimum in the next 1 or 2 6h candles, as I am seeing a similar pattern which also happened on 6th Feb 2021. Currently, the price of the Yellow Basis is at around 27.3 USDT.
In the 90min and 3h, Green Line is above White Energy, indicating upward pressure. In the 90min, the Green Line has turned down and crossed the Red RSI Line while turning down, and the White Energy has crossed below the 50 level, it is highly likely that the price will fall to the White UPPER Bollinger Band (50.5k currently). In the 6h, Green Line is much...