$LINK / $BTC Approaching Resistance from 11/7 & 11/10Let's see if we can cross this resistance and send $LINK
LINKBTC
Chainlike trading IdeaHello Traders,
Chainlink has broken out an important downtrend line and is accumulating above to try higher levels.
We recommend opening a long position as soon as it breaks this accumulation with its stops below the last bottom.
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WEEKLY TREND STILL INTACTWeekly parabola still holding, imo lows are already in and price is getting ready to expand upwards
Comparaison between second Bitcoin ATH and ChainLink ATHWe already seen $LINK reaching his previous ATH, here is what happened then ! The only good reference.
1. First, Bypassed prev ATH by ~6%
2. Followed with a dump of ~27%
From the new ATH we got a dump of ~33%
Nothing says it can happen also with $BTC, but a pullback of 30-40% is healthy for bitcoin.
Welcome to the channelPlease 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 forming a clear channel
- 50MA curling away from 200MA
- Spike in volume
Watch for a breakout like we had in August or you could also possibly buy in on a retracement towards the lower part of the channel although I don't deem that very likely at this point in the market.
LINKBTC - Buying OpportunityI think we are very close to the bottom. Expecting it to hit at least its ATH.
$LINK ready for the next cycle? It looks like $LINK has reached the point where at all times previous in its lifetime it has subsequently risen to new ATHs - on this 3 Day chart, resting on the 89 MA. I am speculating that another ascending triangle will form, which would mean a retest of 150k sats over the next month or two.
A beautiful chart, hasn't let me down so far. Please note that the triangle & yellow arrows covering the summer of 2020 were drawn BEFORE the run-up, in late March as it was resting on the bow of the triangle around 33k sats . I was shocked at how well it conformed to the "lines on a chart" I drew. Don't believe me? Don't care.
LINKCHAIN BREAK OUT!!LINK / USDT
🌟 Techincal analysis🌟
Alot of attempts before
To break strong resistance between 13$-13.5$
Finally it break it today
And with highest daily close since 2 September 2020
Now i think the way is open for link.. up to test ATH again or more
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...
LinkBTC Thoughts - LongJust the thoughts of an eternal optimist trying to learn...
To me, looking at the daily chart it looks like we have a bullish divergence. With Bitcoin on the rampage I wouldn't be surprised if we did drop a little bit more from here before rising again.
I've seen many charts with people expecting 30, 40, 70 dollars by EOY. If we can reach previous ATH before EOY with Bitcoin at current level (17k ish) we'd be looking at approximately $28 dollars per Link.
Zoomed out, I'm also wondering if this could be impulse wave 3 on an upward trend?
Anyway, I'm interested to hear other peoples thoughts. Any critique/advice is also welcome as I am interested in learning more.
Thanks frens
Link looking ready to move.... dump or pump?Thoughts provided in the text bubbles on the charts. No clear conclusion can be made by looking at these three time frames. There is upward pressure but the indicators show to me that link is set up to dump... Therefore we must look at more time frames to see if we can get a different view and a more clear idea of what is to come.
The areas marked are to compare present day to what looks to be a very similar situation that occurred just recently.
I will provide the update here
LINKUSDT - Rejection of ascending channel resistance 🔽LINKUSDT is testing the ascending channel resistance.
RSI printed a bearish divergence signal.
The market is printing the head and shoulders reversal pattern.
Sell entry ⬇️ - breakdown below the head and shoulders neckline support.
Target - ascending channel support.
LINKBTC going down and not stopping expecting a double bottom but can go down to the triangle measured or further more. Meanwhile USD pair not too much affected, although dropping.
consolidation for a bit at this level.
LINKBTCLINKBTC
Buying in the area 0.000792 - 0.000757
1 - 0.000860
2 - 0.000987
3 - 0.001116
Stop, fixing below 0.000731
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Waiting for your comment, what do you think about this?
LINK/BTC Bounced from a Massive Resistance: New All Time Highs?LINK/BTC is steadily increasing along the upward sloping trend line.
In my earlier post I argued that this trend line could again be the bullish signal you have been waiting for. It seems we don't have to wait any longer!
Consider Resistance 1 and Resistance 2 as your profit targets. In case the price breaks below the Support line, beware of a shift in trend towards the bearish side.
