LINK turns super-bull
LINK bull-run has started – going towards the 'decade'-VWAP level to consolidate – followed by breaking out of a bullish closing wedge (yet to happen). Breaking out of this formation would mirror 'X' distance onto breakout-point above 'Y', this would translate to a price level of approx. $5.
This post will be updated continuously when mentionable changes can be observed.
Chainlinkusd
LINK - #CHAINLINK - $9.5 long term target in $LINK
$9.5 long term target in $LINK
Short term:
We're patiently waiting on +$8
That level will be your golden opportunity for a move
Moving below $1.97 would invalidate the short term count and give us a bearish warning.
It also doesn't help that the chart I used (binance) differs from the current one (coinbase). Fucking scam wicks! And that's not the first time that I see that on binance. But we'll see how it goes... Only thing that matters is that we don't lose the Sep low! IMO
I expect one more push before we retrace again. But don't worry, this is normal. Patience!
$LINK #CRYPTO #CHAINLINK
(NFA/DYOR) My opinion on LINK for the next few monthsDON'T TRADE PURELY BASED ON MY IDEA, DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS.
These are two scenarios I see for LINK in the near future. I forsee a correction of some kind, then another run, but I'm not sure how severe the correction will be. Support lines are green, resistance lines are red. Any feedback is appreciated!
Strong support at $1,50. If Link loses the uptrend it will very likely test the long established trend line again.
When that support brakes next target imo will be around the $1,00 region
where there is a nice cluster of the 1:1 extension from A to B,
the bottom of the parallel channel and the median line from the original Pitchfork.
LINK PennantIt would make sense to be forming a large pennant pattern after the run Chainlink has had in 2019. I expect it to go for a re-test of the upper trendline if we see some bullish price action from Bitcoin. The 2 red resistance lines are the major resistances I'm watching on this move up. I would expect some bigger consolidation after touching one of them. There is large downside risk as we could stay within the pennant fairly easily even with a 10+% move down. Keep that in mind and remember to set a stop if you are making an entry.
(NFA/DYOR) Make or break for LINKUSD?Well, after a strong rejection from $3.00, $2.00 is holding thank goodness, and we've seen a good uptick in the past few days. However, we are not out of the woods yet, and where our current weekly candle closes will be a big tell for the next few weeks of price action. Firstly, above all else, SOME kind of green candle here is important if we are to find a “bottom” amongst the past month of price action. That said, I wouldn't feel too much optimism unless we get a lot closer to a real bullish engulfing and close above the previous red candle's open, that being at or JUST under $2.17 or so. Better case scenario would be a close above about $2.23, closing above the red candle before the most previous, AKA the one that came after our 23% fall. I hesitate to say “best” because best case is always a sharp shot to the moon, am I right? Anyways, if we close out at the end of December 16th at or above $2.17, and ESPECIALLY at or above $2.23, that would be the first major hurdle to start turning the indicators more and calling this a true “higher low” (compared to the low in late September). If we arrive at Christmas Eve with yet another strong green candle on the board, we would really solidify the yellow diagonal line I drew as a support line and could be making a good case for some bullish activity heading into January and beyond, with $2.50 being the next major test. All of that said, if our current weekly candle closes below $2.00, a return to our previous September lows of $1.50 to $1.75 wouldn't be out of the question.
I'm not as experienced with TA as some of you, and I try not to get fancy with 31 different Fibonacci whatevers all over the chart because I feel like for others like me a crowded chart looks intimidating. I try to keep things as simple as I can for ease of reading and as to not outsmart myself and stick with some easier to grasp fundamentals.
Any feedback is appreciated!
LINKUSDT forming bullish Shark | A good long opportunity aheadPriceline of Chainlink / US Dollar cryptocurrency is forming bullish Shark pattern and soon it will be entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 1.7689 to 1.7263
Sell between: 1.8130 to 1.9038
Regards,
Atif Akbar (moon333)
Chainlink Expected To Give Buying Opportunity For Upto 50% GainsAfter forming the Shark pattern in Sep 2019 the price action of Chainlink took a very powerful bullish divergence form the potential reversal zone of this bullish Shark and made more than 107% bullish Move Upto Nov 2019 the price action starting moving within a falling wedge which is very steep and at this time the price action is hitting the resistance of the wedge the long spike on 18 Dec show that the bears are very weak $1.73.
The pricline also has hit the Bollinger bads’s lower band support and the Bollinger bands is expanding to pave the way for Chainlink’s priceline.
Volume profile of complete falling wedge is showing less interest below $1.73.
On 12hr chart all indicators are bullish and if we see on day chart the price action is at the support of Bollinger bands.
Moving average convergence divergence (MACD) is giving bullish signals by turning weak bearish from strong bearish.
Relative Strength Index (RSI) was oversold now turning bullish and Stochastic has also given bull cross from oversold zone.
Where we should buy?
The question is if the price action is hitting at the resistance then where we should buy? Coz there are chances that the price action again move down to hit the support again.
The answer is that here we should wait for the price action to breakout the resistance and then buy coz after breakout the price action can take more bullish move atleast upto POC of volume profile which is at 2.21 and it can also hit the projection area of tail to support of wedge from 0.382 to 0.786 Fibonacci which is from $2.25 to $2.84
In this case our stop loss will be the resistance of this wedge coz once the priceline will breakout the resistance then the same resistance will be playing role of support for the price action.
Regards,
Atif Akbar (moon333)
Link/USDT - Rising Wedge BreakdownChainlink has broken down a rising wedge. The decreasing volume (on the bottom of the chart) is confirmation of the successful breakdown.
Based on wave analysis, it is possible it may downtrend further.
Shorts are not something I trade personally, so this idea is only for the benefit of my followers who do and for those considering adding to Link's technical analysis.
=> possible completion of sub waves 1 & 2 of the 0-a wave of its downwards correction with an oncoming sub wave 3, OR
=> completed a-b (or yet to complete a-b) of the corrective sequence (less likely in my opinion, taking retracement values into consideration - but not impossible).
Currently hovering around the top of the Ichi cloud, it is not being very positive about continuing upwards. it would be interesting to watch its movements if and when it hits the strong Senkou Span B support line (marked black).
Likely targets are marked on the chart should it continue to downtrend. Always use any idea in conjunction with your own technical analysis before trading.
Happy trading and Vanakkam. :)
What goes up must come down.
_____________________________
There's only one person you need to follow when it comes to crypto.
Papa Bear's Path of Least Resistance
Our October Profits
LINKUSD formed bullish cypher | A good long opportunityPriceline of Link / US Dollar cryptocurrency has formed a bullish Cypher pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 2.25367 to 2.22120
Sell between: 2.27844 to 2.33996
Regards,
Atif Akbar (moon333)
LINKUSD formed bullish Shark | Upto 42% movePriceline of Link / US Dollar cryptocurrency has formed a bullish Shark pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 2.28867 to 2.06581
Sell between: 2.48814 to 2.94519
Regards,
Atif Akbar (moon333)
LINKUSD formed bullish Gartley | A good long opportunityPriceline of Link / US Dollar cryptocurrency has formed a bullish Gartley pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 2.88554 to 2.81093
Sell between: 2.94427 to 3.08634
Regards,
Atif Akbar (moon333)
C&H coupled with strong volume great SHORT TP CHAINLINKAs usual; set your stop losses first:
$10.46 STOP
These are short exit TP1-3 target positions from conservative to moderate to aggressive stances. .. it is more than likely TP1 will hit within 24h whilst TP3 can occur anytime between now and 72-90H; contingent on many indicators/variables, most prominently BTCUSD priceaction as it struggles at the 21 MACD to hold key support & is currently rustling in a tug-of-war to break resistance & fire off to the $9200 range, otherwise downtrend continuation to $6-8K may be looming.
Will update later with pairings including LINKBTC & LINKETH as those are viable as well...
TP1 $11.65
TP2$12.31
TP3 (AGGRESSIVE) $12.70
Disclaimer
Due to market volatility -- take any and all TA with a grain of salt; including/esp. my own. Please trade responsibly, and not a penny (or satoshi) more than you can afford to lose!
TradingView/Twitter/LInkdeln
[* ]-@a1mtarabichi
LINK/USD Price Action Analysis | Pump is ComingChainLink has been standing strong with a significant volume for a month even though most of the Crypto Market is showing bearishness. It is still in the Trading Range but it seems that the accumulation phase is already over. Pump is coming.
Entry: 2.51
SL: 2.17
TP-1: 3.35
TP-2: 3.87
R/R: 4
Please let me know if you have any suggestions or any ideas to add. I can also give you more detailed explanation for this specific trade setup.
The ideas published here are not financial advices.
LINKUSD Burkowski does it again— SHORT Volume KC, Bollinger’s, RSI, && Burkowski does it again— a double bottom & three drivers Further validated by of course squeeze momentum, volume being the final box on the checklist coupled both with recent sell off of BTCUSD( See last publication)
I am freezing my ass off but I will try to update later for now I will post the publication so that nobody has the FOMO please trade safely and have a wonderful weekend...
Purple is pivot & red is stop.
You already know which one to set...
Disclaimer
You are a grown man or woman presumably you are responsible for your own goddamn money this is not financial advice although if it were you would be wise to follow it and that is just in my opinion...
Twitter/LinkedIn/TradingView/Stocktwits/all the other BS
-@a1mTarabichi
LINKUSD forming bullish BAT | A good long opportunity aheadPriceline of Link / US Dollar cryptocurrency is forming bullish BAT pattern and soon it will be entered in potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 2.55092 to 2.57797
Sell between: 2.64015 to 2.73950
Regards,
Atif Akbar (moon333)