If the the conservative dashed trend line that is connecting the candle bodies to one one another holds i look for a reversal there. If the price breaks then I look for a move up to the other trend line that is at the top of the wick. Then if that fails look for a 1 to 2 year long bear market back to the bottom trend line.
Lets Go!!!!!!!
The 4th touch at the top of the triangle could hopefully be its last and then a break out to the 2.85 to 3.15 range is in sight. KNC LOOKING FOR THE 4TH TOUCH AT TOP OF THE TRIANGLE
Not looking good LINK LOVERS. But these patterns can play out any way they want.
If tezos can break the red trend line I look for 5.50. If not the chart is still bullish and a double top followed by a triple bottom is what I anticipate. All indicators are trending bullish on this one.
Tweezer Tops almost always lead to a reversal. Candlesticks are the most powerful indicator we have and tweezer tops almost always play out. If next weeks candle is followed up with a full body bullish engulfing candle and it closes above 20$ then onward and upward we go. However, on a MACRO intermediate to long term time frame LINK TA is screaming a drop down to...
Everything is pointing in that direction. This type of ascending triangle pattern is a continuation. It is Printing higher highs and lower highs. The RSI on the daily is Bullish. The STOCHS just crossed over bullish on the daily. The ADX just crossed bullish but needs a little more work and I like how the 50 DAY EMA is holding up the lower highs and how it lines...
This monthly falling wedge sure is suggesting it. Lets roll!!!!!!
We shall see
Sure is starting to look that way. Watch out for it is all I am saying LINKY LOVERS.
Looks like LINKY LINK is headed back down to HOPEFULLY print a lower high around 11.50. If not it could drop as low as 10.25 to 9.50.
With everything trending upward in Crypto this one looks poised for a break out.
We need this would come given the FED keeps pumping. Now we are seeing it all play out.
I am neutral here. This is a bearish triangle but LINK has been on a tear and with BTC going up and once it consolidates then LINK should resume onward and upward. If it continues the break out to the upside than look for 9.50 as the next price target. If this is a fake out break out then look for 5.25 to be the downside target.
Measuring this asset out into a monthly falling wedge and anything past those purple lines is all irrational exuberance caused by intra day traders and FOMO buyers short squeezing the asset. However, given that we do not know what the future price or market cap of the company may be because we have no idea EXACTLY what drugs and what ingredients this company will...
Alright party people lets get this shit started. We got 3 touches on the trend channel lines. Sell the top of trend line and buy the bottom trend line until its over.
As long as this company can actually produce a vehicle sometime soon then this company should be able to turn its business plan into an actual business.