Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.000406). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ChainLink/Bitcoin LINKBTC is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as...
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.000386).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LINKBTC is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic...
Link has finally broke out and successfully retested both the trendline and the 50EMA which puts Link in a strong uptrend
Waiting for a close above 14.3 - which will probs be in the morning as I need some sleep lol
Close above that key resistance and hopefully we can run to the previous ATH
Also confluence on the link/BTC chart where it has successfully bounced...
- RSI / MA's healthy
- with ETH / LTC popping, LINK (no. 10 marketcap) is lacking behind
- ATH is near, if broken only upside
- good set-up in a healthy bullish market
LINKUSDT is printing a descending triangle pattern on the Daily timeframe.
Price is consolidating in the mid region.
Possible price actions are indicated on the chart.
BTCUSD has Breaked the main channels bottom line in the H1 chart so after this Small retesting it has maximum Chances that it will go down to the Price level 17.8k
Keep in touch we will update further soon
BTCUSD Just Touched 19.5k and started falling down. Now according our Analysis here a small Retesting available that can touch the price level 14k. Then it will start moving up again to the price level 25k.
Keep in touch we will update soon
LINKUSDT is testing the ascending channel resistance.
RSI printed a bearish divergence signal.
The market is printing the head and shoulders reversal pattern.
Sell entry ⬇️ - breakdown below the head and shoulders neckline support.
Target - ascending channel support.
LINK / BTC retaking 80500-83000 as support is quite bullish. The volume here is nice while price has been consolidating above this support zone. LINK is always a strong alt and some money might flow from BTC directly to LINK.
LINKUSDT is testing the ascending channel support as expected from my previous analysis.
The market is printing an ascending triangle pattern.
Breakout above the ascending triangle resistance could be a bullish signal ⬆️.
LINKUSDT brokeout above the ascending triangle resistance as expected from my previous analysis. The market rejected the ascending channel resistance and fibonacci extension level (1.0). Potential BUY re-entry at fibonacci retracement levels + ascending channel support + breakout above pullback resistance ⬆️
Mid-Term Forecast
Trading suggestion:
". 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."
Technical analysis:
. 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...
Have called the short at 8.5. After a majestic 100% rally in just few days, bulls are taking a breath while bears are cashing in.
Link bounced at support in 7.1 area, but we might experience further downward pressure to 6.8 where 100 moving average sits and 5.8-6 at 200 MA levels. Overall am bullish on the coin, but better to be cautious, as also MACD doesn't...
