We've got a pretty strong Buy signal from Crypto Tipster v2 today - looking at the chart it would appear we're currently sat right on a critical pivot point, the market could choose to go either way from here, or even consolidate for a short while too!
Based on the recent rebound off support @ 416 and breaking through the next level of resistance above that,...
theCrypster -
A slowly closing wedge and plenty of profitable trades from top to bottom within #LINK - that's what we've had for numerous months so far; here we go again!
We're currently sat right on the lower edge of support and have received a good Buy signal from CTv2, we can see #CHAINLINK increasing somewhere between 30%-40% to the upper edge of...
I will wait to see if the LINK/ETH will confirm the support area here, and to assure myself that we are not starting a H&S formation next (witch I hope we will not) and I will exchange 15 to 25% of my ETH to Chaninlink. In the bigger picture on 2W time frame I noticed a buy signal coming next on MACD indicator, and also, a second touch of RSI to oversold area,...
In my opinion $LINK/ $ETH pair is forming an ascending triangle (bullish), potential bottoms-up pattern from early January. Is $LINK coming for a spring cleaning? !Resistances lines from Red to Green. A break out above the Green line should be back above our moving averages and turn our biased for LINK against ETH bullish.
Top light blue line - 200 Day MA
Lower...
- Correction back down to $15.00 after a bullish month? Volume is low, lots of previous support building.
- RSI is right under the oversold signal, kind of stagnant.
Priceline of Chainlink / Ethereum cryptocurrency has formed a bullish cypher and entered in potential reversal zone.
But MACD and Stochastic are still strong bearish therefore I will would suggest to wait for weak bearish signals from MACD or bull cross from stochastic for secure trade otherwise the leg can move more down to form a shark pattern.
I have defined...
As you can see the symmetrical triangle formation on the daily; ChainLink can be expected to break out in the coming days. MACD has flipped which has signaled an end to the selling pressure. Bears were unable to break through support of the triangle which signals a possible breakup rather than a breakdown. Resistance at the orange line which is the moving average...
Technical analysis:
. ChainLink/Ethereum is in an uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 62.
. While the price uptrend in the Daily chart is not broken, bullish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary...
Technical analysis:
. ChainLink/Ethereum is in an uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 62.
. While the price uptrend in the Daily chart is not broken, bullish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary...
