A bar pattern of the Jan-May higher high's has been taken and over-layed the current structure. The DMA's are the Pi-Cycle top model (top is a moving avg of 350*2, bottom is a 111 day MA) have served as critical lines of resistance and support. What am I watching? - First, the bar pattern is clearly similar, however, less explosive. (Less buying power and...
Market is down, LINK is up, looking like we'll close the day above the 200DMA, form a golden cross (50DMA), and we could break the descending triangle.
The chart pictured is the LINK/BTC pair using weekly candles. One may appreciate the overall trend is to the upside and that the hypotenuse has acted as sharp support. However, it seems like there is bearish rejection of higher prices with the formation of two or three LHs. What do you think will follow? Trying to gauge what other technicians opinions. Thanks. Matthias
A range bound chainlink has formed a bullish triple bottom at the key price level of 25.90. Has a great risk reward ration with the ultimate fundamentals.
Holding up really well. Litenty aggregates date for the substrate based polkadot blockchain; i believe it will outperfom several altcoins. It is backed by binance, has several high tier partners, its based in germany as a legit LLC, and they just recently launched the NFTs my Crypto profile twitter extension.
The Pi Cycle 111D MA has historically served as a support and resistance for BTC. Its slowly approaching our current price action and will serve as an indicator of BTC health. Lets see what happends.
Im expecting a rotation area for this local top; Sellers are present, and buyers seem to have become somewhat weak following the first two hammer candlesticks. EIP 1559 and inflationary fears seem to add bullish fire to the mix. #brrrr
2:30 ET Jerome Powell Public Statement. Long: Dovish Stance on interest rates. * An "under control" connotation of inflation, and/or, disregard of inflationary fear. Short: Hawkish Stance on Interest Rates. * Pulling back inflation.
Litentry: DID Aggregator, If you want techincals its in the section below. Ive been eyeing up litentry ($LIT) for the last month or two; it’s an innovative project backed with a strong team, solid fundamentals, and a realistic use case (if executed properly). For the time being, it is a speculative investment, given that the core product has yet to be...