greatnewtini

greatnewtini

As I noted in my last post, if the 55 MA and the 618 Fibonacci level did not hold we would continue to make a downward move. That is exactly what has happened. we also have a perfect tap on the downward RSI trendline. Volume on this latest candle was extremely bearish. Now to see if the 200 MA will hold

greatnewtini

We once again find LINK at a pivotal point....will the .618 fib line hold? We do also have the 55 EMA around the .618 fib level so if this level fails then expect the downtrend to continue. We also had a few rejections on the RSI trendline as well. Let's see how this plays out overnight. I know the chart looks "not clean" but I felt the fib lines were important...

greatnewtini

It seems LINKUSD has successfully printed a reversal candle and will try to reclaim the pitchfork channel. RSI trend line, that broke down as well, is trying to be reclaimed. I expect both to happen and continuation to occur. I dabbled with an Elliot Wave as well to get an idea of direction

greatnewtini

LINKUSD broke below middle channel support and below RSI support in the last 24 hours. We saw major volume on the sell side. $Link is now at a great support zone being at the bottom of the channel which also coincides with the lower Bollinger band. RSI also shows signs of reversal. I looked at the Heikin Ashi chart which also already shows RSI reversal and is...

greatnewtini

LINK's selling pressure has been furious. We have seen some high volume showing strong conviction over the last 24 hours. If we can hold the bottom of the channel, which it looks like we might as it also coincides with the bottom Bollinger band, I expect a green day today. RSI broke well below support but is showing signs of a reversal. Heikin Ashi, not...

greatnewtini

This is how I hope LINKUSD plays out over the next 24 hrs. I would love to retest RSI support and middle pitchfork support before a nice pop pushing past $32. It has played out how I had hoped so far since I posted yesterdays chart. Continuation may occur depending on BTC behavior. COINBASE:LINKUSD

greatnewtini

ETH, Ethereum, is at a make or break point on the 4 hr. RSI is trending bullish and price action is following. There is still a downward channel that must be breached before real bullish momentum can continue. Rising trendline is nearly breaching the channel top, will it break down or break up?! We should know soon.

greatnewtini

LINK, like most of crypto right now, is gaining steam. LINK is forming a nice upward channel with RSI higher lows forming a nice baseline for an upward trajectory. Liking what I see. Seems to be pretty smooth sailing up to the $31 area. Couple this with all the bullish news surrounding Chainlink from Citi and also Blockfi announcing that tomorrow they will also...

greatnewtini

Once again, I correctly read the charts to see chainlinks next move. I do nothing special and try to keep my analysis simple with indicators to help support an idea. Trend lines and historical data can tell you almost everything you need to know as long as you know market sentiment

greatnewtini

It is my opinion LINK will make a move in the next 24 hours and bounce strongly off of the uptrending support as it is starting to do now. Lose the yellow line and we fall....

greatnewtini

Link broke down on the trend line on the 1-hour chart. RSI also broke down it's upward trend. Historical support at $32.50 has held this far and I expect a bounce from here.

greatnewtini

LINK played out perfectly for those looking for great entries. It dipped more than I anticipated last night but dips are for buying! What an awesome opportunity we all have in crypto.

greatnewtini

Perfect bounce off of $32.5 area! I called this exact move in my previous post. Had previous resistance plus the ichimoku cloud to act as support and a bounce area. Look at my previous posts to see accuracy of LINK calls since yesterday on 30MIN

greatnewtini

The trend line broke down as I predicted and then acted as resistance multiple times before breaking down further. Played out perfectly!

greatnewtini

LINKUSD Uptrend has broken down with bear cross on MACD and clear channel break. LTF/ 30 MIN chart,

greatnewtini

LINK Uptrend has broken, 30 minute chart. LTF suggests pullback likely to retest previous resistance as support at previous ATH

greatnewtini Updated 

Clean break of channel and new ATH! Will it hold?

greatnewtini

Will support hold again? Will the up trending channel continue? We will know soon!