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Learning the BARR Top Pattern : Chainlink; is the run over?IF Chainlink does not claim 13$ again soon we may be putting in a bearish retest of a BARR TOP (Bump & Run TOP) Pattern. The pattern is explained below and there are some obvious key area to watch on the LINK/USDT Chart. Note the below image of Bitcoins run to 20000 as a comparison of a successful BARR TOP. The Bump And Run Reversal Top (BARR Top): • Follows strong bull market at steep angle • Initial “bump”, followed by a hook shaped movement reversal • Sell on the retest key diagonal trendline or buy if the pattern fails and reclaims the trendline • GOOD SUCCESS RATE Price has a strong uptrend off in two phases - the bump & the run, first a small increase then recovery occurs, then price increases with massive volume at a very sharp angle. The BARR Signifies a trend change from strong Bull to strong Bear market. Price then makes a sharp peak and comes down breaking the support line the angle of this support line is usually around a 35-50 degree angle. It then throws back and bearish retests off that previous support (this is the entry point), its common for this rejection to be at the 0.618 fibonacci level. Link has already made its sharp peak and has rejected right off the diagnol BARR trendline. Log scale is to be used when identfying pattern. The possible price target is the start of the pattern, BARR Tops usually have strong breakouts but do not always hit price target. Note how in the chart of LINK USDT we are rejecting right off the 0.618 fibonacci level, until price gets back above that LINK may continue to decrease in value. If you enjoyed the idea show your appreciation by giving it a like!! I look foward to hearing your comments.
KRAKEN:LINKUSDEducation
by Worth_The_Ri5k
LINK: Indicators Setting Up For A Bullish Move!BINANCE:LINKUSD Link Maintaining Bullish Momentum. Forming Higher Lows Indicators Setting Up For A Bullish Move! Breaking Out On Ascending Triangle Will Yield --> Target: $13 LINK LET ME KNOW WHAT YOU THINK! 🧐 💡 IF YOU LIKE MY IDEA, PLEASE HELP AND SUPPORT MY CHANNEL BY HITTING THE THUMBS UP, LEAVING A COMMENT AND FOLLOWING 💯 *You are Welcome to REQUEST CHART ANALYSIS at Anytime! Simply Comment Down Below or DM Me :) ```````````````````````````````````` ⚠ DISCLAIMER: Trading Involves High Risk! I Share My Trading Positions And Ideas With You For FREE BUT Please Be Responsible For All Your Actions. This Chart is Used for Educational Purposes Only And NOT A Recommendation to Buy or Sell the Asset.
BINANCE:LINKUSD
by crypt0analyst_
1
LINK/USDT (Retest Key Level Resistance)💎Technical Analysis Summary💎 BINANCE: LINKUSDT -Since the low around $7 last September 23 -Its value today has increase more than 40% -The price is now trading just below the key resistance level -That is a sign of strength in the short term -If the Bulls can break above its key resistance -Potential buyers might enter the market quickly A big Thanks for donating 💰 via Tradingview coins this week to billstenzel 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
by PolarHusk
8
LINK two waysPlease 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! ------------------------------------------------------------------------------------------ - Uptrend - Bear flag; flags tend to break against the trend - 50MA resistance If we hold $10, we could see price going up If we break $10 the bear flag will likely follow
by Coinathlon
1
LINK Has Entered Trading Range!LINK Has Entered Trading Range Just Like We Anticipated Last Week. I Would Sit This Out For Now And Watch What LINK Would Do *Let's Wait For A Change Of Character Or A Confirmation Of A Trend Bias Technical Indicators Are Also Neutral At This Time BE PATIENT! Feel Freee To Look At My Previous LINK Analysis :D LET ME KNOW WHAT YOU THINK! 🧐 💡 IF YOU LIKE MY IDEA, PLEASE HELP AND SUPPORT MY CHANNEL BY HITTING THE THUMBS UP, LEAVING A COMMENT AND FOLLOWING 💯 *You are Welcome to Request Chart Analysis at Anytime! Simply Comment Down Below or DM Me :) ```````````````````````````````````` ⚠ DISCLAIMER: Trading Involves High Risk! I Share My Trading Positions And Ideas With You For FREE BUT Please Be Responsible For All Your Actions. This Chart is Used for Educational Purposes Only And NOT A Recommendation to Buy or Sell the Asset.
BINANCE:LINKUSD
by crypt0analyst_
14
LINK walking up the trend nicely I noticed the Adam and Eve Double bottom on LINK today. so I am Keeping an eye on the small up trend here. a close above previous structure could see a nice 21% move which would make the Adam and eve Double bottom valid always consider what direction BTC is going when trading alts LINKBTC 4hr "DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
by CryptoTennille
1