Here we have a WEEKLY Fib-Retracement chart... Bitcoin's recent run up could spark a LINK rally in the short term. If that is the case and Bitcoin can hold these high levels for a while, LINK could see a swift run up much higher to around $15.50 very soon. If Bitcoin corrects harshly and quickly, our target for LINK is the $10.75 support. If LINK starts...
This is a 3 day chart. A few steps back from the daily chart to get a bigger picture of what is happening. An interesting pattern seems to be forming and I am going to keep my eye on this. The bottom of the current trend-line we are following looks to end the last week of November. So, if we start moving back down, we have a target to look for before our...
LINK is forming one of the most bullish patterns in crypto right now. Rocket fuel is igniting. Be ready! Once we break $14, all time highs will quickly approach! We are close! Stay focused on the big picture!
With the Fear and Greed Index setting all-time records the past few days, we have a potential short term pull-back to the 21 week EMA, which is around $360. This could take a few days or weeks to get to, but I do not expect a continued rally up with the entire crypto market at "Extreme Greed" level 90 for the second straight day. This short-term pull back...
For the SHORT TERM, I see BTC/USD range bound within this wedge as shown in the yellow line. Once we reach the end of our wedge, we will likely fall or jump hard. If we break to the upside, I see higher highs with the major next resistance at 20k, where we would likely be rejected the first try. If we break lower in the next week, I foresee a larger move...
As we continue to move up with LINK, here are a few levels that will likely see some resistance. To make it easy to remember, $12 (orange line) will likely have minor resistance, and our local top of $12.85- $13.00 (red line) will likely be much stronger. If our weekly Stochastic can stay strong, rise up, and give us enough momentum, we can blow through both...
We have a strong potential trend forming for ETH/USD. Each time the WEEKLY Stochastic RSI breaks the 20 level moving up, ETH has rocketed higher. While we don't know where the top is, I would certainly expect to at least test our local top again at $488. IF we can clear and close a WEEKLY candle above $488, next spot of resistance looks to be much higher near...
Currently Cardano is right at a major support level of about $.10. As you can see it has been an important level for a long time. Since the March crash, it has show great respect to our trendline with only brief wicks below. (The longer the wick below the candle, the more support) If ADA can hold .10, I expect a much bigger move coming within the next month...
For the short term (next 5-7 days) we could see a jump in LINK/USD. Noticing a 14 day pattern from local bottom to the next local bottom. If today repeats like the last few months, we could be in for a jump up over the next few days. Obviously this could be a coincidence and would become invalidated if we make another lower low tomorrow. Thanks for looking! I...
Looking at the big picture for Chainlink, we are making higher low after higher low. Holding amazing support of the 20 Week EMA and looking ready to blow higher!
Our 21 week EMA is currently at $10.04. This has been a major support line since the March Pandemic crash. We have had several wicks below the line but have not closed a weekly candle below this line. If we break it, potential SHORT TERM dive. If we hold, look for a nice bounce in the coming weeks! If Bitcoin can stay ranging within the 12k-14k area,...
Still holding well above our 7 month+ trendline while heading into November/December. If we get a dip, I fully expect major support around the $360 USD level. #5daycrypto #EthTuesday
Looking all the way back to 2017, Ethereum has flirted with the $360 usd support/resistance line. We have been around this level since July 2020 and with the rising 21 Week EMA, we could just be setting up for a perfect storm of Ethereum rocket fuel yet again.