Good short entry point with 1:7 RR, use tight stop loss as shown in the picture, close before 5 Oct regardless of the result. NFA
The 200 days UPWARD SMA held as support 13 times so far and was breached only 3 times Good entry point for long position @ current prices with stop loss slightly below it with approx target @ the same SMA multiplied 3 times
Personally i like both Tesla and Bitcoin, Historically speaking having a portfolio 50% Tesla 50% Bitcoin beats being 100% long on a single asset. But the best way to go so far, was to shift from Bitcoin to Tesla and the other way around. No financial advice
Update to the previous chart Chainlink looks like coming out of accumulation zone, price did find support @ trendlines intersection and psichological level 0.00075. Low volumes like in the past might suggest local low! Next targets: - ATH - Psychological level @ 0.003 approx coinciding with median increase during speculative bubbles Trade safely
Plenty of resistance there, cycling into alts
Three entry points based on time and price, price was derived from horizontal support analysis, time was derived by diagonal trendline analisys Upper longterm target is just a guess based on psychological significance, $LINK could very well reach 0.01 BTC instead of 0.005 This is a longterm analisys, for the time being the outlook is neutral
Conservative tgt @0.001 SL below 0.00047 Exit on a break of the trendline
Good long entry point with good R:R, price supported by daily sma, multi-month horizontal support and multi-month trendline. Place SL below the recent swing low and psychological support @ 0.0003 TP around 0.0007
Historical trendline and weekly 100 sma are currently supporting price, if support holds this is my prediction
Strond support lies around 6200$, a bounce around that area could prompt rally to 14k minimum if not 20k
The blue pattern was taken from exactly from two years ago
Both directions scenario, upward chart pattern copied from the previous 2017 bull run, downward chart pattern copied from the previous 2018 bear market, upward target is strong psychological number, downward target is support along 2018 consolidation phase