So what we have here is the corrected ascending channel following the 3 month falling wedge. We see in the chart that the ascension is following a growth rate of 1% - 2.5% daily if the USD price follows the channel which it seems to have done so far. Over the coming days and or weeks we will hopefully see a price increase from .28 cents USD (at breakout) possibly...
ChainLink is just about done with it's handle correction for its completed cup and handle. Ichimoku 1D Clouds could be the play along with a symmetrical push from its past performance. People have pointed out the 4chan shilling of this coin to me, but I am looking at the technical analysis here.
Quick post on Link upon request! - Have a look at this crazy graph of LINK versus the Dollar. Nice curve up. Bloody curve down! Seems like we just hit the 78,6% Fibonacci retracement and we have another strong support beneath that as well. And as is quite obvious, the curve is about to end where we are now... So yes, LINK is flirting like hell with both the end...
I believe this could be the beginning of a major price change. As you see the price has finally broken out of the 3 month falling wedge trend and could be leading to the bullish uptrend that we've been looking for. I think we could be seeing a rise back to 60 cents possibly even 1 dollar USD. we will see over the coming days if we see the uptrend beginning or...
3 month Falling wedge leading to the first breakout of the trend. could this be the bullish sign of a major uptrend. I believe we could be looking at the beginning of a huge price change possibly back to 60 cents possibly to 1 dollar USD.
Link ideas....alot of volume out of nowhere if u ask me. Does history repeat itself? Not advice....just thoughts
$LINK is looking prime for a breakout. I'm thinking it will break out of its current triangle before meeting the other major resistance line and testing support before officially ending its bearish trend. I put 3 target possibilities.
Chainlink showing a descending triangle pattern on the 1H timeframe. We can have a downbreak immediately following the first red arrow. Or bounce one more time before the second red arrow. (This is not financial advice, this is a volatile market where anything can happen)
After finding the support at 4500 satoshi area, ChainLink started to move higher, rejecting the 2/1 Gann Fan trendline and breaking above the 200 Moving Average. LINK/BTC clearly producing higher highs and higher lows suggesting the continuation of the uptrend. After breaking above the 200 Moving Average ChainLink corrected back and rejected the MA which was...
The handle is not there yet... follow the chart in the next few days let's see what happens *DISCLAIMER*: I am not a financial advisor nor am I giving financial advice. I am sharing my biased opinion based on speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also...
See above. I have been following Link's falling wedge/double bottom formation. In the long term, this is an absolute cup and handle formation. We found support from the swing on Christmas day 2017. Waiting for MACD crossover on the 12hr to confirm RSI upward movement. However, heavy resistance on the 5300 mark. This is a potential 90%+ profit. If it breaks...
BINANCE:LINKBTC
BINANCE:LINKBTC
Link is now at the lower line of the ascending channel. RSI and MACD levels supports the ascending movement but it needs some volume to jump to the higher line of the channel. Without the volume the upward movement might be limited to 7k sat level. But as Bitcoin is not stable, I dont anticipate but breaking down out of the channel is also possible and the next...