LINK - looking interesting here. Waiting for retracement to buyThis thing is finally moving. I'm looking for a retracement to support (green line) and will be buying more then.
LINKETH trade ideas
LinkETH: Triangle... or Complex Corrective Structure EWThe "e" is usually a smaller correction than 50% (based on the "c-d" swing). The next impulse (after "e"), it's usually part of a ABCD pattern (AB in place on the "c-d" swing, where, AB = CD and CD = 127.4%-132.8% or 161.8% of AB). But the right level will come from adding a Fibonacci Retracement, on the "d-e" (counter trend fib) in order to find the Fibonacci Confluence Area (with the ABCD measurements and fibs). That fib cluster will be our next correction, above the upper band (in case you miss you Buy at the next Resistance BO).
In case the "e" would be lower than that (i.e. a healthy retracement of 50%, ideal 61.8%) and if it will break the lower band of the Triangle, let's say, we should see in place a Complex Corrective Structure EW scenario (bigger WXY counting). I'd like to have the option to upload in this post the chart with this opposite setup, as well - feedback for the TradingView team.
I'll keep a close look at this crypto and I'll be ready to design a new chart (WXY), if the actual setup will be invalidated (Triangle Pattern).
Hope this helps, Jo.
Ice.
LINKETH LongTriangle resistance has been broken, price restested the resistance and bounced from it. OBV looks good, we have the price above the MA's. Target 15% Stop loss 5%
LINK/ETH Cup and Handle - still intact?Looks to me like a large ~11 week cup and handle forming since mid-October.
The handle has been forming for a while, however I know it shouldn't really breach halfway down the cup (which it now has). Could still be intact, and if so, the Fib levels 1.0 (conservative) and 1.618 (ambitious) could be potential targets.
MACD negative momentum is slowing, though no sign of a golden cross yet.
RSI is oversold on this strong/sharp downward trend we've had since 09.01.18.
These both indicate to me that the trend is changing, and we may be heading to the breakout point.
-----
This is just my interpretation. Please don't rely on this chart for your own finances and risks! Opinions and critique gladly welcomed (still learning!).
Chainlink (link) Maybe on the move soonChainlink (LINK) Has broken above resistance on pretty decent volume. More importantly, the pullback was on much lower volume showing people with strong hands are holding on.
Old resistance area was tested and is now new support. Add to this a great team with great project and a
move maybe imminent.... few days to month. Much depends on overall crypto market as well. Could be one of the big ones.
