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LINK

Learning the BARR Top Pattern : Chainlink; is the run over?IF Chainlink does not claim 13$ again soon we may be putting in a bearish retest of a BARR TOP (Bump & Run TOP) Pattern. The pattern is explained below and there are some obvious key area to watch on the LINK/USDT Chart. Note the below image of Bitcoins run to 20000 as a comparison of a successful BARR TOP. The Bump And Run Reversal Top (BARR Top): • Follows strong bull market at steep angle • Initial “bump”, followed by a hook shaped movement reversal • Sell on the retest key diagonal trendline or buy if the pattern fails and reclaims the trendline • GOOD SUCCESS RATE Price has a strong uptrend off in two phases - the bump & the run, first a small increase then recovery occurs, then price increases with massive volume at a very sharp angle. The BARR Signifies a trend change from strong Bull to strong Bear market. Price then makes a sharp peak and comes down breaking the support line the angle of this support line is usually around a 35-50 degree angle. It then throws back and bearish retests off that previous support (this is the entry point), its common for this rejection to be at the 0.618 fibonacci level. Link has already made its sharp peak and has rejected right off the diagnol BARR trendline. Log scale is to be used when identfying pattern. The possible price target is the start of the pattern, BARR Tops usually have strong breakouts but do not always hit price target. Note how in the chart of LINK USDT we are rejecting right off the 0.618 fibonacci level, until price gets back above that LINK may continue to decrease in value. If you enjoyed the idea show your appreciation by giving it a like!! I look foward to hearing your comments.
KRAKEN:LINKUSDEducation
by Worth_The_Ri5k
Key USDT.D Reversal Taking Place!Here is something that everyone in crypto needs to watch more closely. The USDT dominance chart is a great way to map out how invested people are at any given moment. In the last month, we have seen participants move to cash, but are we on the cusp on a trend reversal? The charts are giving clues of that right now. Let’s hop onto the chart: The first thing that stands out to me in this chart is the bearish divergence that is forming on the Stochastic RSI. This means that dollars are overbought and are looking to retrace! The MACD is still overbought and the histogram is falling. This also leads me to think that dollars are overbought. The last thing is the massive gap around 3.50. If this is an actual reversal, then we should see this gap get filled and that is good for the entire crypto market! So this is something we will be keeping a close eye on. If it continues to fall, we will feel more comfortable adding back to long positions. If we see it trend back up, we will keep our cash ready. Happy Trading!
CRYPTOCAP:USDT.DEducation
by derzzycharts
LINK is the link to learn the Harmonics/Chart Patterns with FibsThose interested in harmonics and chart patterns must play with LINK-USDT as this volatility has been a treat for the harmonic traders and those interested in research on Harmonic and Chart patterns using Fibonacci levels. Each of the pattern drawn on chart will have to be carefully analysed using Fib retracement and Fib extension based on type of the pattern such as AB-CD, BAT/Gartley, Shark, Crab, Butterfly, Double Top/Bottom, H&S, 3 drive etc. (Not all spotted here), but you get the idea.
Education
by TradeChartist
LINK /USDT Double Top ? Hi traders . First of all I want to tell you that I don't trade LINK but lately this coin has lots of heat and many traders are trading it . I'm sharing this chart as a example on how I look on things these days and using tools that never fail . All I can tell you is that future of link its not as bright as you think . Price was pumped from many levels and they are on the chart . However price will return to previous high levels and probably suck in many top buyers and then dump on them . If you have questions on whats it doing on you need to ask yourself how institutions play this game and why retail 90% of time time fail in trading . . I can talk about it all day and how this works but its better to check my BTC post link below and you need to look it to it . Yes trade went against me and I explained why but it will create more profits in long run . I will share my screen shot here so you can see for your self where the levels are . This tool never fails and price always comes back to these levels its mainly used by institutions and not available to many . Cheers and I wish you all best .
Education
by PTO
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