LINK Gaining SteamLINK, 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 accept LINK for staking to earn 5.6% interest. BTC is starting to slowly show some strength as well which bodes well for all of crypto.
4hrchart
AUD/USDi'm looking for a small continuation to the down side then back up from here.
also forward for the market to respect the bullish trend but anything else is also possible
red horizontals are daily support and resistance
green horizontals ate 4hr support and resistance
Yellow horizontals are 1hr support and resistance
4hr chart h&s has formed. Will bull div keep it from triggering?Considering the h&s pattern is so blatantly obvious while also in a bull market is reason enough to be slightly cautious here... when you throw in the bullish divergence with that (yellow trendlines) the confluence really increases the likelihood of a fakeout...I think it's also probable we could get a breakdown that doesn't reach its full target as well. For now these seem like the two most likely outcomes here. *Not financial advice*
Nailed it, LINKUSD 4HROnce 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
NGAS - Update 4HHighest probable move for the day as I currently see it. For now, the volume is low, and MACD trending slightly down which indicates that there's no momentum yet for that up-move. But this also indicates that market participants are building up their positions. London Open is just around the corner, which might be the catalyst for an up-move.
ugly inv h&s on xrpusd finally triggerin; target 57 centsthe 4hr chart ugly inverse h&s we had been watching several ideas ago waited until the very last us exchange (kraken) had suspended trading before finally confirming the breakout of this pattern...target should be around 56-57 cents. How convenient for them to wait untl the day after kraken halts trading to breakout.
BTCUSDT 4H | Bitcoin market overview: Triangle battleHello, dear subscribers!
In the previous review, we looked at the boundaries of bitcoin price movement zones in the short term.
In the following days, the bears managed to lower the bitcoin price to the resistance zone 1. Buyers managed to beat off the bears' attack twice and push the price up.
At the moment, bitcoin price is at the border of the resistance level - $36,800, which was previously a support. The bitcoin's price movement forms a "triangle" pattern, an exit from which up or down will cause the price movement equal to the height of the triangle, which is about $10,000.
The MACD and RSI indicators show the dominance of buyers in the market, in the current 4-hour candle they both went into the green zone. If the bears did not manage to close the current candle in the red zone, a buy signal will be formed. The OBV is showing a decline in the long positions of the last few days, which tells you that the sellers are increasing their positions. This may be a negative factor for further bitcoin price growth.
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