LINK to $20!LINK have been monster lately and it really seems like it is only starting to get going. I am expecting LINK to make the third wave of this Elliot Wave pattern and finish around $20-$24. If the same trend continues, weekend will be the sweetspot for LINK to hit that target.
Until that we MIGHT see some correction
to ~$10 range. After movement to $20 area, i am expecting typical correction after finishing Elliot Wave, which will be good spot to cumulate some more LINK.
Linklong
Have you given up hope? LONG LINKUSDPlaced two stop losses (S1 being for day-swing traders) & then the main one being S2 -- for the superlong HODLER) who has been in this far too long to quit.
I learned to program python 3.6, cobolt 6, java, API & cloud computation + data compression through kubernetes/docker... I've invested too much time into this career, what am I supposed to do?
I learned to be a financier (from trendline breakouts) to fundamentals/market data, conducting TA & more...as I've said -- TOO MUCH OF MY LIFE/TIME INVESTED/WASTED, WHAT AM I GONNA DO?!
Just QUIT?! & "LearntoCode?"
I can't...this is ALL i know how to do...
Anyway I'm balls deep in and when I see a superlong like this (est. timeframe >30 days min-- though if I had to GUESS a ballpark on these figures I'd say 2-3 months. So by start of Q3, that's a complete pulled out my ass figure so don't take that as bond.
When I see patterns emerge like this from a fundamentals perspective I cannot help but get excited for the future, despite the fact that i've cried myself to sleep last night and every night since last Monday.
Disclaimer
Note: This is strictly conjecture based on my own technical analysis and not any information based on any sources from the GOP Or federal government/treasury dept / ay institution of any form this example is for educational purposes only and should not be relied upon for any other use. Please invest responsibly and make all decisions based on your head; not your gut. Any projections or figures provided in this analysis are Forward-looking statements And have no basis Other than my own opinion and not information related to the GOP, SEC or wall sf in general. Just the wiz doing what he always did best — Disclaimer must be extended and extensive So forgive me as I need to truly emphasize None of the information obtained in conducting this analysis was provided by insider trading in anyway shape or form.
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Chainlink Touches Major Structural High.. (Resistance)Cryptocurrency chainlink has had Magnificent performance running ahead while leaving most cryptocurrencies behind with stable movement.
On the 3 day chart we can see that we are hitting a high resistance level based off the previous to major structures.
Based off the bottom green support level we have a lot of room for a major selloff retracement.
The ema dots indicator is currently green and the 3 day candle is currently green with the rsi in overbought territory. These are still positive indicator wise , but like stated we are sitting on major Resistance for chainlink.
Drop down to a daily chart and look for a lower low breach for a short position. Buyers beware.
LINK making rising wedge patternLINK is making higher highs and higher lows after being rejected from a weekly support level, making a rising wedge pattern.
Usually, Rising wedge pattern indicates a bear movement.
But here in this chart as you can see, the candles in between the two trend lines are respecting the support and resistance of trend lines.
Link is right now at a very crucial stage, as it is below the daily resistance level. It has to break the daily level in order to continue the rising wedge pattern.
Volume as I mentioned in the chart, is decreasing but the movement is upward rising, indication a VOLUME DIVERGENCE. (Bearish Move ahead).
Volume has to increase in order to break the daily level.
82239 is the daily resistance level, it must be broken then next move would be to test the resistance at 85036.
If you want to long, wait for candle to form above daily level, then move could become bullish up to 85036.
I have described both the situations. Now it's up to you to decide.
I don't create FOMO's. I Just try to give you the clear picture so that trading decision becomes easy for you.
I only make these charts for educational purposes. I am not earning anything, FREE TA.
Good Luck.
Oh no LINK MARINE, BUT IS GOING BADLY"THIS IS A CLEAR SHORT"
Just imagine believing in this situation, a forever parabolic run based on hype, because this is LINK only HYPE.
when the parabolic break embrace a -80% drawdown and be prepared for new low even.
indicators available:
CROSS
KNIFE CUT
KEANU REEVES
EXSE
SUPER BOSS
KR SCALPER
LINK (Y20.P2.E2).Macro.TargetHi All,
By just using Fibonacci and with a few assumptions, like a channel, I'm looking at the channel 0.618 fib level to be the major target, ~6.0 to 6.7
This has confluence with the height of the ABCDE contracting triangle. This should correspond to potentially BTC's target.
I have the 50 and 100 EMA on the DAILY to be the support lines on the pullback.
Note: 5.1 to 5.2 for the first major resistance.
Please don't forget to give me a tick\like, as I would appreciate it.
Regards,
S.Sari
(for my reference > Macro.charts)
DAILY Chart
Consolidation under resistance and Hourly TriangleBreakout above $2.93 and we test/ break through $3 or break through $2.86 and we may see a retest of $2.80. Move really depends on how BTC reacts above 9450. LINKBTC pair also consolidating in 30k SAT range as 31K failed. Move imminent and I am long since $2.75. This is what I am seeing on the charts not financial advice. Risk reward 2:1 if stop is set at $2.85 USDT.
Chainlink $LINK - Keep your Eyes open. Personally, I would prefer a move to $2.4-$2.34 before we move higher again, but we'll see.
The move to $2.34 happened with bullish divergence.
It's time... Are you ready?
I've placed a stop at $2.24. Reaching that level would impy that we can see bearish continuation.
Keep your eyes open!
$LINK #CRYPTO #Chainlink