LINKUSD 4HR Plan, NeutralBreakout played out similar to what I thought it would, albeit a few candles later than I thought. Breakout was very strong though(Grayscale announcement). I expect a retrace to the .618 area which would be around $29. That area should hold considering the strength in the market right now. Dips are being bought with ferocity. Not sure why that would change now.
If we hold the .618 I personally expect fireworks and to test ATH within a week. If it breaks down then I will just watch BTC to help predict my next entry. As always, this is just what I am thinking. I personally day trade based on this data, I scalp in and out a few times a day. I can have as many as 70 trades in a day on active days or less than 10 depending on volatility. I have a day trading account account(several) and then my HODL bags I do not touch, EVER. I see people all the time trading and losing coins that would bring better gains just HODL'ing for a year(more preferred). STAY SAFE
**I can chart anything by request as well, using any Indicator/trend analysis you desire. Just shoot me a message. I post LINK because I personally hold 20,000+ on my cold wallets. I believe in the project and it is just getting started
4hrchart
BTCUSD threatening a h&s breakdown to 47kwere this to happen it would still not break the bullish momentum as 47k is still just a higher low on the daily chart. I would have to dip below 42900 to form a lower low, so this pattern can very likely validate and price action drop to even as low as 43 k and we would still continue to be bullish. I wouldnt be alarmed unless I saw price action below 42.9k I will be accumulating if it does breakdown *not financial advice* , Also all the bullish patterns ive posted in the recent week are still all valid we are just seeing a pullback on the way to their targets which is a normal and pretty common occurance.
LINKUSD 4HR Plan, Long?We see what was expected, a down trending channel. We see a lower and lower low on both the RSI and price chart suggesting continuation. So let's long it! In all seriousness, I am neutral here. If we can find support in the zone and bounce at this historical support then I expect a decent bounce.
If we lose this support then we should see continuation to the $26.5 area to try to find support. We all know if it doesn't find support by the time the Asian market takes hold then down we go! As always, wait for confirmation candles to print before forming biases. Be safe friends!
LINK 4HR, Breakdown As ExpectedAs I noted in my last post, if the 55 MA and the 618 Fibonacci level did not hold we would continue to make a downward move. That is exactly what has happened. we also have a perfect tap on the downward RSI trendline. Volume on this latest candle was extremely bearish. Now to see if the 200 MA will hold
LINKUSD 4HR UpdateWe once again find LINK at a pivotal point....will the .618 fib line hold? We do also have the 55 EMA around the .618 fib level so if this level fails then expect the downtrend to continue. We also had a few rejections on the RSI trendline as well. Let's see how this plays out overnight.
I know the chart looks "not clean" but I felt the fib lines were important to show levels!
LINKUSD 4HR Update, LONGIt seems LINKUSD has successfully printed a reversal candle and will try to reclaim the pitchfork channel. RSI trend line, that broke down as well, is trying to be reclaimed. I expect both to happen and continuation to occur.
I dabbled with an Elliot Wave as well to get an idea of direction
LINKUSD 4HR Turning PointLINKUSD broke below middle channel support and below RSI support in the last 24 hours. We saw major volume on the sell side.
$Link is now at a great support zone being at the bottom of the channel which also coincides with the lower Bollinger band. RSI also shows signs of reversal. I looked at the Heikin Ashi chart which also already shows RSI reversal and is currently printing a reversal candle.
We will know by lunch today if we see bearish continuation, or what I think will happen is a reversal.
LINKUSD 4HR UpdateLINK's selling pressure has been furious. We have seen some high volume showing strong conviction over the last 24 hours.
If we can hold the bottom of the channel, which it looks like we might as it also coincides with the bottom Bollinger band, I expect a green day today. RSI broke well below support but is showing signs of a reversal. Heikin Ashi, not pictured, already shows a reversal on the RSI and is currently printing a reversal candle on the 4HR.
We will know before lunch what is happening
LINKUSD 4HR PlanThis is how I hope LINKUSD plays out over the next 24 hrs. I would love to retest RSI support and middle pitchfork support before a nice pop pushing past $32. It has played out how I had hoped so far since I posted yesterdays chart. Continuation may occur depending on BTC behavior. COINBASE:LINKUSD
UNFIUSDT New chartThree confirmations of four-hour bullish divergence on the cycle RSI indicator. Fibonacci price and buy targets on the chart. Good luck!
ETH 4H UpdateETH, Ethereum, is at a make or break point on the 4 hr. RSI is trending bullish and price action is following. There is still a downward channel that must be breached before real bullish momentum can continue. Rising trendline is nearly breaching the channel top, will it break down or break up?! We should know soon.
LINK Gaining SteamLINK, like most of crypto right now, is gaining steam. LINK is forming a nice upward channel with RSI higher lows forming a nice baseline for an upward trajectory. Liking what I see. Seems to be pretty smooth sailing up to the $31 area. Couple this with all the bullish news surrounding Chainlink from Citi and also Blockfi announcing that tomorrow they will also accept LINK for staking to earn 5.6% interest. BTC is starting to slowly show some strength as well which bodes well for all of crypto.