We had quite some success with hitting our 2 previous targets with some adequate precision.
Since LINK is a strong project and has been holding very strong at the current resistance, I would suggest to re-enter the trade when break-out is confirmed.
Keep an eye on RSI and volume, wait for a break-out.
Good luck!
There could be a nice Cup & Handle forming on LINK. It's a little messy.
It's hard to say when when handle will start trending up, it could be right now at this 4H cloud support. If it bearishly crosses through, then most likely uptrend will be at .618 fib support or even at .382.
3MA lines are all coming together and trending down into the handle channel....
Bollinger bands very squeezed inside the Keltner Channel, waiting for a break in one direction or the other! Needs some volume and a little more time but watch for whether resistance breaks.
$lINK is dutifully working on the handle and we should see a nice pop up once it's done with that bullish falling pattern. Chain Link does like its cups...
It looks like LINK/BTC will need a few more days before the cryptomarket will decide its next movement. Like QSP, there is a strong support level at the Fib50. The support of the triangle is at that level and has been tested 3 times over 4 days. Given that the triangle is reaching out longer, it might happen that future support will be slightly higher. Keep you...
The screen above was a note I made for myself 3 days ago. I sold out of link at my target and decided I wanted to get back in but it was moving to fast for my liking. Link is a solid project and is classified as a solid investment by some of the more successful traders on YouTube. (At least they claim to be successful, nowadays everybody that got into any coin...
$LINK is worth a try, with stoploss...
- Touched the Low in the 1 Hour graph
- Touched the 100 Hour Moving Average
- Relative Strength reached below 35 a couple of times
LINK cup n handle on 1h charts. Resistance points until top are:
R1: 0.00009024
R2: 0.00009725
R3: 0.00010132
R4: 0.00011015
Expect handle forming to start at R3 or R4 to retrace to between 0.00008000 - 0.00007800
Break out from handle should top at between 0.00016720 - 0.00017382
time to R4 est: 7-8days
time to breakout top: 50-60days
Cup and handle very well formed. This is a great project. Link has important partnerships, one of which is with SWIFT. This could be the decentralized competition to Ripple.
I see a cup and Handle pattern meaning we could go up a little more then correct into a handle form.
After that we should see ATH.
I personally LOVE Cup and Handle patterns... So much Opportunity!
Lets see what happens with this one.
Dont forget to show support if you like this or it has helped you at all!
Thanks everyone!
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...
Strong bullish activity continues for this low market-cap coin.
A break from the upward trend has occurred with daily candle closing above the resistance.
I can see this coin reaching 10.5k sats easily and possibly beyond.
I've been watching LINK since October & it has been relatively quiet however it has been performing extremely well, following trend with low...
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...
