LINKETH - Sat on a Critical Level, Can We Break Upward by 10%?We've got a pretty strong Buy signal from Crypto Tipster v2 today - looking at the chart it would appear we're currently sat right on a critical pivot point, the market could choose to go either way from here, or even consolidate for a short while too!
Based on the recent rebound off support @ 416 and breaking through the next level of resistance above that, we're staying positive on Chainlink for now and predicting gains of around 10% over the next few weeks to one month.
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Chainlinketh
#LINKETH - 35% Rise Coming Off SupporttheCrypster -
A slowly closing wedge and plenty of profitable trades from top to bottom within #LINK - that's what we've had for numerous months so far; here we go again!
We're currently sat right on the lower edge of support and have received a good Buy signal from CTv2, we can see #CHAINLINK increasing somewhere between 30%-40% to the upper edge of resistance.
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Chainlink vs USD and ETH - BUY #linkmarinesI will wait to see if the LINK/ETH will confirm the support area here, and to assure myself that we are not starting a H&S formation next (witch I hope we will not) and I will exchange 15 to 25% of my ETH to Chaninlink. In the bigger picture on 2W time frame I noticed a buy signal coming next on MACD indicator, and also, a second touch of RSI to oversold area, witch I think next we will bring us back up. (I'm referring to Chainlink/ETH pair here).
About the left picture, I believe the LINK/USD pair has in the 11 to 15 a strong buy and BUY zones. My personal opinion is that we shall see till march 2022 new ATHs as showed in the drawn chanells.
This is not a financial advise!
Take care of yur hard made money guys!
CHEERS!
Potential Spring Cleaning for LINK?!?In my opinion $LINK/ $ETH pair is forming an ascending triangle (bullish), potential bottoms-up pattern from early January. Is $LINK coming for a spring cleaning? !Resistances lines from Red to Green. A break out above the Green line should be back above our moving averages and turn our biased for LINK against ETH bullish.
Top light blue line - 200 Day MA
Lower blue ling - 314 Day MA
(not financial advice, DYOR)
LINKETH formed a cypher | Upto 23% expectedPriceline of Chainlink / Ethereum cryptocurrency has formed a bullish cypher and entered in potential reversal zone.
But MACD and Stochastic are still strong bearish therefore I will would suggest to wait for weak bearish signals from MACD or bull cross from stochastic for secure trade otherwise the leg can move more down to form a shark pattern.
I have defined targets using Fibonacci sequence:
Buy between: 0.01098500 to 0.01032429
Sell between: 0.01150778 to 0.01275943
Regards,
Atif Akbar (moon333)
ChainLink Symmetrical Triangle As you can see the symmetrical triangle formation on the daily; ChainLink can be expected to break out in the coming days. MACD has flipped which has signaled an end to the selling pressure. Bears were unable to break through support of the triangle which signals a possible breakup rather than a breakdown. Resistance at the orange line which is the moving average and resistance at top of triangle. Keep an eye out for volume as that will be key to breaking both resistance levels for a test at BTC ATH.
Not Financial advice just my opinion.
There is a probability of resuming the uptrend in LINKETHTechnical analysis:
. ChainLink/Ethereum is in an uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 62.
. While the price uptrend in the Daily chart is not broken, bullish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00123000 to 0.00103000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00123000)
Ending of entry zone (0.00103000)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00142900
TP2= @ 0.00167600
TP3= @ 0.00207500
TP4= Free
There is a probability of resuming the uptrend in LINKETHTechnical analysis:
. ChainLink/Ethereum is in an uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 62.
. While the price uptrend in the Daily chart is not broken, bullish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00123000 to 0.00103000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00123000)
Ending of entry zone (0.00103000)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00142900
TP2= @ 0.00167600
TP3= @ 0.00207500
TP4= Free