Price brokeout of the ascending triangle as expected from my previous analysis. Price is approaching the ascending channel resistance + trend based fibonacci extension level (1). Potential short term retracement back to channel support + flip support.
Price recently tested the major uptrend and brokeout above the downtrend resistance. The market is currently printing the ascending triangle pattern. Potential bullish entry above triangle resistance ↗️.
Bitcoin picked up a bid while I was finishing the first video. I used the opportunity to discuss a notion that Joe Biden's plan would create 7 million more jobs than Trump, according to one economic forecast.
I also look at Bitcoin, Litecoin, Chainlink and Ethereum again to discover that Bitcoin is outperforming the rest as it rose by $150 at the weekly open. I...
". There is a possibility of temporary retracement to suggested support line (0.00110).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
. LINKBTC is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which...
I think there's a good chance we may be seeing the beginning of a volatile and rapid bearish expansion for $LINK.
We can see a high correlation between Chainlink's chart to a typical market bubble / blow-off top - including an almost vertical, aggressive final phase finishing off with a spinning top on the 12H.
Looking at the hourly chart, we can see that we've...
The 4 hour is bullish as we speak, but we should monitor the key level at 9.
Upper trend line will be target price of 1st bearish wave, lower trend line will be target price of deeper bearish pressure.
If 9 breaks then major move upwards.
Would look for a short entry around all time high price with extremely tight stop losses.
this is the first time publishing an idea for me on tradingview.
Im heavily invested in chainlink because of what the network and team are capable of.
Partnerships everywhere, vital to defi, staking not yet live which will push the price parabolic because of collateralization.
If you dont understand this dive into $LINK's tokenomics and read between the...
ChainLink - We look to Buy at 2.5000
Short term bias is bullish.
Price continues to trade within the triangle formation.
Bespoke support is located at 2.5000.
Further upside is expected although we prefer to set longs at our bespoke support levels at 2.5000, resulting in improved risk/reward.
Expect trading to remain mixed and volatile.