I've been waiting for this rsi breakout since May, but knowing a bit more now, I feel like this might be another fake pump. The utility fundementals are still there but market conditions are as we all know, not optimal. Would love to hear another view (or even the same view)
LINK lost the trend line 3x and in case it continues to break down the next fibo level is 0.5 which gives a nice entry around 7.80 euros
Elliot doesn't give us when or how much, but we know which way its movement is going. ¨°o.O - taking into account that wave 5 has to stay below wave 3 it can be predicted that there is a probability that the price will go to 1 digit at the end of this wave 5. ¨°o.O - taking into account that after wave 5 will make ABC go up because we are using inverted elliott...
Hello everyone ! Today we analyze ChainLink (LINK) based on a Two Weeks chart 📈 What we can see : - Prices evolve inside a parallel channel since April 2019. - Right now, prices took support on the lower channel level + white trend line. - Prices are still under the black downtrend line - There is a bullish div on the RSI * Eric Schmidt recently...
There is a descending triangle going on on link on the 1 day timeframe. Its very very bearish. I dont think its gonna happen but you never know.
There is a descending triangle forming on link. It is a very very bearish one. Its on the 1 day timeframe and link can go up to 4 euros! I dont think it is gonna happen but you never know.
Simple. Bullysh divergence in almost all indicators. You know what to do.
I predict the link's rise in November 2021 to 74/84 euros but not before testing global support on 10.68 / 9.78 EUR
Beautiful uptrend in LINK since early Jan 21, still intact. I can't wait to see where this is going. Holding since 3 euros.
Distribution Schematic LINK EUR Test Will how this simulation works in the next couple of days
My plan is to wait for a bullish entry signal when the price is between the 30%-50% retracement of W3 (16e-14.2e). For now a short to this range could also work.
The idea is that we are reaching the end of a triangle that forms a B wave of a w2 retracement of a higher degree. 10:1 might be to risky for some, but with the right PA it's possible. We should drop to around the high volume node to finish the retracement before continuing upward. Good confluence with golden zone for W2 retracement and high level node. Wait...
If price falls to cca 11.3 it could be a part of an ABC corrective wave, possible 3:1 on B wave before possible drop. Just an idea, not financial advice.
After price came down to the expected level of a 4, expecting an extended 5 wave to go to cca 15eur. RSI also shows almost oversold market.
LINK MIGHT HAVE SOME ISSUES RELATED TO THE SEC SUE AGAINST $XRP, therefore could have some movement towards below. Good Point of Control above also allowing to put a really tight stop loss and a huge possibility of making good pips. Happy holidays!