Thomas_Brown

Thomas_Brown

Summary The LINKUSD pair has dropped back to its 50 day Moving Average (ma). Currently the global market volatility is threatening further pull backs which will impact the cryptospace. Federal Reserve Chairman Jerome Powell got grilled by a WSJ journalists and did not reassure global markets that treasury bond interest rates are going to be controlled by...

Thomas_Brown

Technical Analysis Summary LINK and BTC are currently consolidating above thier previous horizontal resistance. A strong bull run is going to take considerably more momentum to be sustainable, although I believe it will be initiated within a few weeks. TLDR: I am waiting for a close above the 20 day moving average (MA) to enter a new smaller position or fall...

Thomas_Brown Updated 

Technical Analysis MA Chainlink took the day for cryptospace gains today, with a very strong breakout from a descending triangle. Historically when decending triangles break to the upside there is a greater than 60% chance that a reversal is inbound in the relative timeframe (roughly a 2-5 days) If this happens I expect pullbacks to as low as the 100 day...