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
LINKBTC
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.
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.
Is LINK ready for another leg up60% correction in 80 days, LINK barely wicked in demand zone, currently trading below the resistance.
The daily chart shows some early buy signals, wave trend slowly changing to the upside, OBV also pointing upside but still in negative territory.
One more touch and bounce in the demand zone would be better and safer signal.
CHAINLINK 08.11.2020Data:
RSI - 59
Stochastic RSI < 20 level, trending up
Fear&Greed: 88
HeatMap Risk level: 35%
Chainlink has been one of the best outperforming Bitcoin assets over recent years. It's one of a few that has been growing exponentially against Bitcoin and it seems like 300 daily moving average has been acting as support on LINK/BTC chart.
Interpretation:
Classic technicals shows that Link is in neutral to slightly bullish territory. However from HeatMap Risk Metric above we can see LINK is undervalued in Bitcoin valuation at that moment. What we want to see is Bitcoin's volatility going down (consolidation) to allow investors gain more confidence about altcoins market and make use of LINK's strong macro trend against Bitcoin.
III DISCLAIMER: THIS IS NOT A FINANCIAL ADVICE III
Chain Link Trading Setupprice is hitting Resistance it's Heavy Resistance
Game of Support and Resistance is simple.
if we close above Resistance with High Volume. than it's Called Breakout. so Buy the retest of The resistance (well our resistance is now Support)
set stop loss below the lower zone.
Target are of your choice
Lank, still profitable !link
This cryptocurrency has a potential of another 16% profit. As it has given a 14% profit in the last 24 hours.
By examining the RSI, CCI and MACD indicators and considering the average daily trading volume as well as the Bollinger Bands indicator in the daily time frame, it can be concluded that there is still room for profit and should fluctuate.
Lank, still profitable.
LINKBTC which path?Which path will it follow, the double bottom or the inverted head and shoulders? I prefer the latter but price reached the ichimoku resistance and bearish divergence will form on the slightest pullback pushing prices down. All paths are good, unless it nukes for some unforeseen reason.
Link usd will follow a similar paths.
Amazing call on link ...whats next targets ?Yesterday we shared with you this idea about link that it was looking bearish in both usdt and btc pairs see here :
Price broke the trendline support and fall from rising wedge as expected
As long as price cant get close by daily candel above 10.74$ -10.8$ (0.5 fibonacci level)
(Also this level is the trendline support breakdown level)
We can see next target easy
Potential next targets to be reached :
Target 1 : around 8.5$ ( 0.618 fibonacci level )
Target 2 : around 7.3$ ( was recent low for link )
Target 3 : around 5.5$-5.3$ ( 0.786 fibonacci level )
For investor this areas is a good ones to accumulate partially before next bull run in link
Link was and still one of my favorite coins
Long term is bullish
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