LINKUSD formed a bullish Shark | Upto 29% expectedPriceline of Chainlink / Tether US cryptocurrency has formed a bullish Shark and it is entered in potential reversal zone to hit the sell targets soon insha Allah.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone.
Volume profile is showing less interest of traders here, but Stochastic is oversold and did not give bull cross and MACD is strong bearish so for secure trade we can wait for MACD to turn weak bearish or for stochastic to give bull cross then buy.
I have used Fibonacci sequence to set the targets:
Buy between: 1.5555 to 1.4583
Sell between: 1.6668 to 1.8874
Regards,
Atif Akbar (moon333)
Linkusdsignals
LINKUSDT Short Term Bullish Hello Guys
Chainlink was best performing till June because we were got some solid news like google partnership and coinbase listing and chain link price was touched 4.5 $ around. but after June to till now we are continuously bearish.
And now Link on strong resistance area 1.9$ if we break then we ll go 2.05$ around, its short term bullish right now because no solid news at the moment.
If chain link confirm about staking or swift partnership then we ll get new ATH. So guys wait for good entry and go long
CHAINLINK about to rocket to $4.500.This signal is based on inter time-frame pattern recognition and in particular ChainLink's July/ August 2019 4H price action versus the 2018 1D candle action. Before there are any misunderstanding and willing critics of the different time frame comparison, I am stating that I am interested in pointing out the obvious similarities. Trading psychology is the same whether on short term pattern or a longer term horizon.
So to cut straight into the study at hand, we see that LINK's 1D chart on the 2018 bear cycle ended with a Double Bottom below the MA50. What followed was a strong 6 month rise to a new All Time High.
Similarly the current July/ August 2019 4H price action is on Double Bottom levels and below the MA50. If the same trading dynamics apply then soon we should see a bullish reaction first to the 2.75 Resistance and in a month's time towards 4.5000.
LINK / USDT 26.8.2019. (27% PROFIT TARGET)Hello, the idea behind this trade is that we buy in the best liquidity are where we can expect some buyers to come in.
3.6% Risk in this area is a good deal.
Good risk management is 80% of your profits, so do your math!
If you have any questions or thoughts feel free to share it in the comment section.
Have a nice a profitable day :)
Is LINK In A Massive RSI Bullish Divergence?LINK has been in this consolidation zone between $1.97-$2.84 since July 14th. We are actually in a downtrend channel within this zone though. This may not be a totally terrible thing though. If you look closely at the RSI chart at the bottom, you can see we are in an UPTREND channel! This is what we like to call a bullish divergence! Granted we have broken out of this channel a time or two but that sometimes happens when volatile moves are made. In general we have been in an uptrend in RSI and a downtrend in Price since July 14th. I think this a V ERY bullish sign and it confirms that this is a healthy consolidation .
Finally, there is a falling wedge forming that has its own bullish divergence. I expect price to move up from here. I initially thought price would revisit the high $1.80-$1.90 range, but I'm not so sure anymore.
If you follow my ideas you can probably tell I am a LINK permabull. I think this is one of the best projects in the crypto space and I fully believe it will be a top 10 coin. Even if this coin falls to the range stated above, I will still continue to accumulate.
*This is not financial advice. I am not responsible for any losses of money.*
LINKUSDT a formation of shark | A good long opportunityPriceline of ChainLink / Tether US is forming a bullish shark and soon it will be entered in potential reversal zone.
I have defined targets using Fibonacci sequence as below:
Buy between: 2.2656 to 2.1830
Sell between: 2.3423 to 2.5108
Regards,
Atif Akbar (moon333)
$3.30 Short Term Target For LINKBullish setup on the LINK?USD chart. Long term wedge is looking for a breakout. On top of that, there is an ascending triangle that is looking to breakout as well. If this triangle breaks out like it should, the wedge will break as well. I am targeting $3.30 price target in the short term. This is definitely in play with the hype around the Web3 Summit this week.
Breakout Imminent On Huge Symmetrical Triangle. 7$ Incoming!We are primed for a HUGE run for LINK/USD. This symmetrical triangle has been forming for over a month and it looks like it is ready to pop. I expect this to break up due to bullish volume as well hype circulating about the Web3 Summit which is in 9 days. The MACD was looking bearish for a moment but it looks like there is going to be a bullish bounce at the divergence. Finally, this is coming after a full retrace to the .618 fib. This is going to be a fun week and a half and I expect price to hit $7 to complete the 5th Elliot wave.