#LINKBTC - Bust Through a Few Layers for +20%An almost perfect symmetrical triangle setup, a fresh rejection on the support test and a Buy signal from CTv2 all point toward a large upward move incoming.
There are a potential few layers of resistance to try to bust up through on it's way to the upper bound edge of this wedge but movement has historically been quite strong and we think this boldness will continue for now.
20% or more over the next month.. 👀
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Linkbitcoin
Link/BTC - Potential W Pattern Double Bottom - Parabolic MoveIt seems that link is trying to find support at a key BTC valuation level. Every time it has held this level a large move has followed. The difference this time is that it would reflect the W double bottom pattern and could quickly turn into a parabolic blow off top moving into this last quarter. Replicating the move from August of 2020.
Four Year Bull Flag Triangles into Arbitrum POP! BULLISHKRAKEN:LINKUSD has been following these bull pennants since it was created, jumping into smaller and smaller triangles. Arbitrum is scheduled at the end of this 4 year triangle, it looks like they're positioning link for one last fakeout before the arbitrums pump to 100$
LINK/BTC potenial accumulation zoneLINK/BTC
0.0004 area is a potenial accumulation for LINK / BTC pair
If you are patient enough i think this will give nice return for coming weeks or months
trendline support should on weekly TF for continuation
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LINKBTC a mega bullish setupHey friends, hope you are well and welcome to the new update on Chainlink.\
All time high resistance broken out:
In USD market, the priceline of LINK has found a good strong uptrend line support. And broke out the all time high price and sets new all time high price level.
Up-channel has been broken out:
On the daily time period chart, the price action of Link formed an up-channel. There was also good support of 200 SMA at the support of channel. Now finally the priceline has broken out the resistance of this channel.
SMA support re-test:
Now if we take a look at Link with Bitcoin pair monthly time frame chart, then the priceline of Chainlink is testing 25 simple moving average as a support 1st time even in the history of Chainlink.
Conclusion:
In US dollar market, the price action of Chainlink has already crossed all time high but in Bitcoin market it has moved down at the strongest support of monthly 25 SMA. Therefore in future a very powerful rally is expected.
Mountain Climber LINK/BTC #link $LINK #cryptoHere we see our Link Bitcoin pair from Binance but on the 2 week chart . I don't often often look at that timeframe but seems to fit this one ! As you can see Link has been on a steady climb up since late 2017 , over 3 years . And there actually aren't very many pullbacks here ! But we appear to be in a pullback now with those 8 red candles . My guess would be we at least see another 9th red candle on this TD Sequential 9 sequence in a week or so . Then perhaps there is more upside here . Also we should be heading back up over 160,000 sats and beyond . How long before LINK sees new All Time Highs in sats just like it saw recently in usd ? Probably not long . LINK is looking to have a great future . See my chart linked below .Is this our last pullback before the rise ? Again , LINK doesn't have that many pullbacks on the Btc pair chart . And this is a higher timeframe . It would appear that LINK will continue mountain climbing for awhile !
💡Don't miss the great buy opportunity in LINKBTCTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.000386).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LINKBTC is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 30.
Take Profits:
TP1= @ 0.000471
TP2= @ 0.000566
TP3= @ 0.000675
TP4= @ 0.000870
TP5= @ 0.001026
TP6= @ 0.001250
TP7= @ 0.001458
TP8= @ 0.001676
SL= Break below S2
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LINK / BTC weekly analysisLINK / BTC
we can see strong bearish action on last weekly candel (about to close)
I expect price will visit next weekly key support level (0.00050 - 0.00042)
And also 100 W moving average in same area
If price drop there price is expected to bounce
but the most safety approach is to buy After break of trendline resistance
If price will breakout we can set nice order with suitable stoploss
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Good luck and happy trading
LINK below 200MAPlease feel free to share your view on this pair down below in the comment section. I'm more than happy to be challenged and have an interaction on this idea.
Also make sure to leave a like as it helps me out a lot!
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LINK
- Playing with support from October @ 74k sats.
- Below 200MA
- MA's looking to form death cross
- MACD in negative territory
I'll be looking for:
- Break above 200MA
- MACD curling up
After which I hope we can break the blue resistance zone. A lot will however depend on what bitcoin is playing to throw at us...
LINK making rising wedge patternLINK is making higher highs and higher lows after being rejected from a weekly support level, making a rising wedge pattern.
Usually, Rising wedge pattern indicates a bear movement.
But here in this chart as you can see, the candles in between the two trend lines are respecting the support and resistance of trend lines.
Link is right now at a very crucial stage, as it is below the daily resistance level. It has to break the daily level in order to continue the rising wedge pattern.
Volume as I mentioned in the chart, is decreasing but the movement is upward rising, indication a VOLUME DIVERGENCE. (Bearish Move ahead).
Volume has to increase in order to break the daily level.
82239 is the daily resistance level, it must be broken then next move would be to test the resistance at 85036.
If you want to long, wait for candle to form above daily level, then move could become bullish up to 85036.
I have described both the situations. Now it's up to you to decide.
I don't create FOMO's. I Just try to give you the clear picture so that trading decision becomes easy for you.
I only make these charts for educational purposes. I am not earning anything, FREE TA.
Good Luck.
LINKBTC CHAINLINK INVERTED H&S PRIMED FOR SHORT-MID Sorry to keep it short & sweet with another quick 2 publications today! I promise I"ll make a nice fat juicy/lengthy one tomorrow :)
TIMEFRAME: Mid.
RiSK/REWARD: LOW/MID
Everything you need to know is on the chart including the stop (included 2 figures)
Personally I'm going for TP2; CHAINLINK has been and will be one of the more promising tokens ushering in 2021 & is (much like MIOTA/CARDANO) one of those "game-changing" tokens that burst onto the scene & quickly breached the top 50 mkt cap....and became self-evident it was there to say.
Not posting any stonks (not anytime soon) publications so don't hold your breathe though I will include XAU/XAG LONGs when I can catch a breathe FFS (or some sleep =*( )
Peace & Love
-@a1mtarabichi
Disclaimer
These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.
LINK ANALYSIS (WEAK BOUNCE BY BULLS)LINK ANALYSIS:
LINK is bouncing off a support form the previous ascending triangle, but the declining volume on the bounce shows some weakness within buyers. I think the daily resistance is going to hold a very strong block zone.
There is also a painted divergence on the RSI and Stoch between both highs. This combined with the decreasing volume, AND a small rising wedge makes LINK positioned for another leg down. Im looking for a final target at T3 of 39000 sats. I expect another bounce upon entering the green box.
Short Entries: 42800-43000
Strong support at $1,50. If Link loses the uptrend it will very likely test the long established trend line again.
When that support brakes next target imo will be around the $1,00 region
where there is a nice cluster of the 1:1 extension from A to B,
the bottom of the parallel channel and the median line from the original Pitchfork.
LINKBTC Has Completed Bullish Setup | A Good Long OpportunityIn the month of Sep 2019 the price action of Chainlink took the power full bullish divergence and after making upto 131% bullish move now the price action has formed a falling wedge which was initiated in Oct 2019.
Now the price action is likely to bounce from the support of this falling wedge in the meanwhile the priceline is also getting bounced from the lower bands of Bollinger bands before hitting the support of pattern and Bollinger bands support the moving average convergence divergence (MACD) was strong bearish now it has turned weak bearish and Stochastic has given bull cross from oversold zone the relative strength index was also oversold and now turned bullish.
On 4hr chart the Exponential Moving Averages EMA 10 an EMA 20 are giving bullish signals by forming golden cross and lifting the price action up:
The price action might have some price correction coz it has made sudden up move after hitting the support however the price action will hit the Fibonacci projection of tail to support of the channel between 0.382 to 0.786 Fibonacci soon so we can set our sell targets between:
0.00029175 to 0.00033581
So it is upto 34% profit potential trade, however we should set our stop loss using support of this falling wedge in case of complete candle stick closes below this support area.
Regards,
Atif Akbar (moon333)
LINKBTC formed Butterfly | A good short term long opportunityPriceline of Chainlink / Bitcoin has formed a bullish Butterfly pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00030331 to 0.00029923
Sell between: 0.00030648 to 0.00031415
Regards
Atif Akbar (moon333)
LINKBTC formed bullish Shark | A good long opportunityAfter formation of bullish gartley pattern the priceline of Chainlink / Tether US cryptocurrency has formed another harmonic bullish Shark pattern and it is entered in potential reversal zone to hit the sell targets soon insha Allah.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone.
Volume profile is showing less interest of traders here.
We have a strong support of 100 simple moving average within the PRZ area but Stochastic is oversold and did not give bull cross and MACD is strong bearish so for secure trade we can wait for MACD to turn weak bearish or for stochastic to give bull cross then buy.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00020778 to 0.00020611
Sell between: 0.00020986 to 0.00021383
Regards,
Atif Akbar (moon333)