LinkUSD has been by far one of the best performing cryptocurrencies this year, with one of the best teams and projects out there this is a solid project LONG TERM, but right now is showing some bearish signs for the SHORT TERM.
After the massive uptrend for the last few weeks, Link has started to fall and the previous area of support around 3.20, has been...
I will preface this that this all of this can and will be invalidated if BTC activity changes drastically and brings down the market with it (or breaks the trend I show above). Several analysts predict it'll go down, question is - will it bring down other altcoins with it?
I looked at previous patterns, and the current = $LINKUSDT / $BTCUSDT pattern. I'm leaving...
It seems that we are going lower as two clear BEAR flags have formed when looking at 1hour chart.
Entry or buy zone with yellow. If it falls furter to 2.8, them Stop Loss activated. If we brake 2.8 usd we go down to 2.2 for sure.
2 bearish wedges formed during consolidation in a longer term descending triangle. Price action was driven down further after breakdown of both bearish wedges. Supports/buy zone ranges between $2.9 and 3.2.
Pulled back to its immediate intraday support level here. Cluster/sandwich/FTR thing (fuck knows, I am shit with the advanced Supply/Demand stuff) that I've shown to the left. Basically a consolidation between two impulsive moves.
Clear target(s) if it loses the blue box, also a good take profit signal for existing longs if it rolls over.
LINK has been the best performing coin of 2019 and one of the most exciting projects in the crypto space, I'm extremely bullish in the long term and we might see it in the top 10 pretty soon.
But right now volatility has shrunk incredibly with the ATR falling rapidly and the donchian channels becoming more narrow.
The loss of volatility usually happens before a...
Usually for currency pairs with little past data, we often use the fibonacci level as the simplest.
There are 2 levels that I often use are 100% Fibonacci and Fibonacci 161.8%.
However, there are many cases where the price is too strong due to FOMO especially crypto, we can see 200%, 261.8%, 300% ...
So, I still recommend that you close 1/2 or close 80% of the...
