Linkbtclong
LINK.BTC (Y20.P3.E3).v2.StalkingHi,
With this current BTC drop, it has given another opportunity to jump in to accumulate more BTC or LINK at a cheaper price.
I jumped in at the 0.382 level for another trade.
Usually I look for the 2nd touch to confirm the support level, but with some bullish charts like this, you might have to accept 1 touch, as per chart below
It has confluence at a previous resistance as well as the fib level.
Note: The 0.5 level looks more inviting or sound.
Looking at the weekly, the structure and indicator is still bullish. No red candle stick or large wick yet.
Looking at the 2Day chart, a similar story.
Looking at the macro level, there is still a chance that Link can go parabolic, only if BTC holds the 8900-9K level and then up.
You have to be in it to win it.
Please give me a like or tick for this post.
Cheers,
S.Sari
LINK - Testing Overhead Resistance, Could Break All-Time High!Keep on an eye on LINKBTC. LINK had a bullish pennant breakout and is now testing overhead resistance. If rejected, I could see the price re-test the support trend before making its next leg up. However, there is the potential it breaks up now makes a new all-time high. If we break to the upside, I think there's potential for at least 25% gain before testing the upper channel boundary.
#LINKBTC LONG.. #LINKBTC should be followed carefully. The trend line I mentioned in the chart has worked as a very good support from the past to the present.. ma10 and ma20 have already formed an upward intersection, in #LINKBTC, if the ma50 resistance is broken, we can see serious upward movement.. We will wait and see..
Disclaimer: What I wrote is not investment advice.. Please do your own due diligence when it comes to crypto-investing.. Never put in money that you cannot afford to lose.. Invest at your own risk..
I wish you all the best..
LINK losing out to BTCFeel free to comment on my TA or share your thoughts on the subject!
- Retracing back to this 8 month purple support line is likely
- If the support is broken we might see a further retracement to the daily level at 37K sats.
- if the support is broken a more likely scenario is to retrace even further to the area between the weekly and daily level. Or the 200MA
LINK.BTC (Y20.P3.E1).Prepare for entryHi everyone,
Looking at LINK pairing, we can see from previous cycles how LINK makes clear when to enter, bullish div.
Looking at this chart, we see the fib levels, macro pennant formation, support and resistance levels all coming together to tell you the story.
Depending on what indicator you use and what's happening with other ALTs, LINK is one I'm looking at going long, this time round.
It performance in the past was one of those in the lead with less risk than the many unpopular ALTS.
Anyway, just giving you a heads up and not to miss it.
I did well calling out CHZ, this one is another, to plan in.
ETH is also coming slowly to the plate.
Having said that, one should look at the general markets, like the SP500 and see how they are tracking.
If they are not staying strong, then our planning will not come to fruition.
Please give me a like or tick for this presentations.
Cheers,
S.Sari
Chainlink: Bearish Pattern and Divergence 4H (Apr. 27)X FORCE GLOBAL ANALYSIS:
In this analysis, we explore the extremely bearish technicals demonstrated in Chainlink's (LINK) short term charts.
Technical Analysis
- The first thing we can spot is a bearish divergence, in which prices create higher highs and indicators create lower highs
- The Relative Strength Index (RSI) shows a clear lack in strength with lower highs
- The Moving Average Convergence Divergence (MACD) also shows lack of momentum with lower highs
- We can see a textbook ascending wedge pattern, which is interpreted as a bearish reversal pattern in an uptrend
- Counting Elliott Triangle Waves (ABCDE), we can see that wave E has completed its formation, and we can expect a breakdown
- Bollinger bands are narrowing, which is a sign of a potentially big move.
What We Believe
Based on the bearish technicals suggested, we believe that Chainlink's bearish probabilities are extremely high for the immediate term.
Trade Safe.
LINK.BTC (Y20.P2.E10).Macro.Cup and HandleHi All,
*** NOTE: LINK paring with BTC ****
As you can see, we have a familiar pattern and what seems to be the completion of the cup and now the handle.
In my previous post, I wasn't sure where the target was but with this new information, how likely is LINK going to hit the target.
Does this imply BTC is about to make a big move soon?
Please give me a like or a tick for this post
Cheers,
S.Sari
LINK against the USDT, neck line is also a good entry signal
MACRO Overview > shows that the 0.618 is the target in the channel
Previous macro post (successful call)
LINK/USD - the double bottomyou have to wait for confirmation on the hourly timeframe. Fix the next candle under the level.
The 4-hour clock should also close below the level. To open a deal.
the double bottom can be seen at 4.8, 12 o'clock timeframe.
Friends, thanks for your likes and comments!
Good luck with trading!
LINK (Y20.P2.E9).Macro.StructureHi All,
Another macro chart in the making.
This is an updated version based on a few key learnings I have come across lately.
(Refer to my BTC macro bullish chart).
LINK is one of the most bullish charts I have seen lately. Below are the daily and weekly charts to give you a perspective.
I will hold back on showing how I came to this charts formulation and as I want to be sure when all is said and done, the hypothesis is confirmed.
Anyway, I have been trading LINK since my LINK.BTC post and have done well because of it.
Besides being an exciting project the resent price action should keep people interested in trading this coin.
Please give me a tick or a like as an appreciation of this post.
Regards,
S.Sari.
The weekly\2D\Daily charts
My previous Macro structure post