


These are the 3 options I personally see playing out in the coming day or two. So long as papa bitcoin doesn't make any crazy moves we should continue along one of these three paths pretty smoothly. Thanks for checking out the chart! Drop me a like if you found it interesting and don't forget to follow to keep up with my ideas.
Shout-out to EuroMotiff for pointing out the Elliot Wave possibility on one of his ideas. My Elliot Wave slightly differs from his and that's why I'm posting it. I believe this last wave up was our 3rd wave and we're currently in the 4th. Another wave aligns with the RSI levels cooling off, some shorter term RSI getting into oversold, and the falling wedge you can...
If we break upwards this was just some healthy consolidation, and we could very easily see another big leg up. I'd expect some resistance in the $3.12-.16 and $3.25-.33 areas. I don't have any hard price targets as I'll be playing this mostly by watching the Moving Averages.
Thank you for checking out my idea! I believe this wave down is the bears last attempt to break to new lows. I personally feel they will fail. XRP is one of the few coins to not really have made a serious comeback in the market. As some examples, LTC did $22 to $145, 6.5X. ETH did $80 to $360, 4.5X. BTC did $3k to $14k, $4.6X. Meanwhile, XRP did $0.28 to $0.50...
Hello! It's hard to tell what LINKUSDT is doing on the short term time frames sometimes. Because of that I zoomed out for a bigger picture. I found that on the weekly time-frame our price action is constricting just like my last analysis of LINK was on the hourly time frame. You can find that analysis at the bottom of this idea. Within hours of posting the...
Thanks for checking out my idea! I'm seeing a falling wedge pattern. Which is a setup for bullish continuation. We're holding onto the 26 day moving average and that's a good sign for the bulls. The 12 day moving average above it(green line) could cause a pinch between the two . If we break the 26 day MA because of this we'll probably test the bottom line of the...
I think it's better to look at LINK based on ranges rather than trenlines at least for the moment. The trend-lines that I see have a lot of false breaks from them. That's not to say it isn't holding those particular lines. It's just better to rely on these ranges than see it dip 2-3 cents below the line and shrink back up. What I mean by 'ranges' is the area...
Quick update, We aren't out of the woods yet but we're certainly looking better. We seemed to have completely avoid contact with the original H&S support line with a short term trend change, and now we're working our way back to test some upper resistance lines. I'll personally be watching breaks of these lines and how much follow through/volume we get. I really...
I believe all of the necessary information is on the chart. I personally really enjoy when I can look at a chart and see what they're saying rather than having to read through paragraphs of text. Especially when it's a short term idea. I tried to keep it from being too clunky but let me know what you think! Would you rather read? Was there too many lines? Whatever...
So this chart started out with just my two white trend-lines, and after drawing them I realized that there is also an Inverted H&S along my resistance line. I seem to be finding these a lot lately and I'm kind of questioning their reliability. I think this is going to come down to which trend-line breaks first and confirms its H&S. If we break down it's possible...
My concern is that we just made a 15min trend change that could lead us down to testing the H&S neckline. I may be getting ahead of myself, but a broken neckline should send at least a re-test of the current low just above $2.50. This is definitely a case the bears could make so watch out! Set your stops in-case we are actually heading down.
From what I can tell LINK is really close to being in a standard 5-3 Wave Pattern, BUT wave 4 over-corrects into wave 1's area. Which kills that idea.. or does it? We seem to have followed through with the rest of the pattern anyways. Why did it correct so hard in the first place? Well if you look at daddy BTC's chart you can see the over-correction from LINK...
There is 'potentially' a Inverted Head and Shoulders on the 15min time frame. Make sure to set a stop because it could certainly keep going down. Info is on the chart. Hit me with a like if you found the analysis interesting! I'll do my best to update the post if I see something meaningful.
'Potentially' a Inverted Head and Shoulders on the 5-15min time frame. I'm seeing this pattern on both LINKUSDT and BTCUSDT. Make sure to set a stop because it could certainly keep going down. Info is on the chart. Hit me with a like if you found the analysis interesting! I'll do my best to update the post if I see something meaningful.
I'm fairly new to TA so take this idea with a grain of salt. With that in mind these are the potential options I personally see playing out. Most of the information is on the chart. I think a buy in around $2.66-.68 with a stop right below $2.65 is great risk/reward. If it breaks $2.65 wait to see the test of $2.50 support and if we get a nice bounce do the same...