After last night's outbreak we have seen another consolidation area that ends up in a triangle, indicating that there is another outbreak possible. This is consistent with Elliots 5 Waves as we would be approaching the end of point 4. Target is between 9000 and 9500 with good buying opportunity atm.
*Binance is a growing exchange that is user friendly and does...
LINK/BTC has proven to be a good buy and will still be a good buy if you're asking me. The hourly chart shows a perfect outbreak without any correction, which means the price is probably heading to it's next resistance level; around 8600! As this is just the first wave, buy low at the correction and make sure you bought in for potentially 2 to 4 more...
LINK/BTC has been in a consolidation period for a while and is ending consolidation hopefully by the end of the day. If the price is able to move out of the first triangle around point A, than we will see an upward move to or maybe even above 7000 given the CCI, RCI and Trend lines. If the price does not break through the above resistance area, we will likely see...
Despite the recent blow top, there has been tremendous support and consolidation around a dollar. The RSI has not dipped past support and we are indeed in a bull run.
!. Beat the bots: sooner or later whales will come through and buy the books or conversely sell them all. Volume is low and games may be played with LINK/BTC until the asset is listed liberally....
Link has a bright future and I am excited to be able to chart it for the coming future.
I established my long position @ 0.27338797 USD or 0.00001930 BTC
TP: $10 or .00072 BTC
Duration of trade 1-2 years
This chart is showing my prediction of price movement within the newly established channel since the upward breakout of the wedge.
Chainlink (LINK) Has broken above resistance on pretty decent volume. More importantly, the pullback was on much lower volume showing people with strong hands are holding on.
Old resistance area was tested and is now new support. Add to this a great team with great project and a
move maybe imminent.... few days to month. Much depends on overall crypto market as...
Good 1-2-3 pattern to continue a bullish bias. Expecting to break the resistance level but maybe too extended to break now. Looking for a small pullback or flag to work off the overbought stochastic.
