Bitcoin, XRP, & Link Technical AnalysisBitcoin bulls have another shot at breaking $20,000 however seemingly lack the momentum. We look at some key levels should they fail, price target if they succeed and what this means for two cryptocurrencies I'm watching XRP & Link for potential trades
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LINKBTC
LINKBTC road to All-Time HighBased on historical data, LINKBTC is performing inversely proportional from BTC.D. and LINKBTC keeps on making All-time Highs within a span of 120 days which starts from Dec 1. So, where do you think we are heading now? Pack your bags up and prepare for take off. BINANCE:LINKBTC
LINK fakeout got me rektSo as I've said in my previous analysis of LINK I have entered a trade once it broke out of the channel. Breakout ended up being a fakeout, which immediately triggered my SL. I should've waited for confirmation... My mistake and I'll learn from it.
Now: LINK is at the bottom of the channel. I have taken a medium size position in LINK with a SL at $11.20, just below the previous wick.
Safe trading!
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LINK - Bullish potential Another alt coin I believe has a bullish big potential against BTC is LINK. Pair looks good, trying to overcome resistance at 0.00098 BTC, and if succeded LINK will fly much higher to 0.001 BTC and $20 / coin.
It would be possible ofc if ETH continues its bull-run (that so far I have no doubt given the launch of ETH 2.0 ahead).
Information is just for educational purposes, never financial advice. Always do your own research.
Hit the "LIKE" button and follow to support, thanks!
Chainlink finding support @ 0.00075 and @ trendline intersectionUpdate to the previous chart
Chainlink looks like coming out of accumulation zone, price did find support @ trendlines intersection and psichological level 0.00075.
Low volumes like in the past might suggest local low!
Next targets:
- ATH
- Psychological level @ 0.003 approx coinciding with median increase during speculative bubbles
Trade safely
LINKUSDT (Channel Breakout in 1 Day Chart)LINK/USDT currently trading at $15.30
LONG Entry-level: $14.75 to 15.50
STOP LOSS: $13.75
Resistance level 1( Target): $17.75
Resistance level 2 (Targe ): $20.00
Resistance level 3 (Target ): $25.00
We can expect a big move after $20 resistance Breakout
Max Leverage: 5X
Risk reward ratio 1:3
ALWAYS KEEP STOP LOSS...
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