Bitcoin Wedge Update, Chainlnk, Ethereum, TezosIn this update I discuss the recent price change on the bitcoin chart, so far confirming the action being contained in the wedge which points toward the date of the bitcoin block reward halving.
I go over the previous 2016 halving and the price jump in the weeks prior, and try to use it as a lense to help understand what may happen in the coming months.
Additionally, I go over my personal alt-coin long positions, their to-date gains since I entered the market, and what may come of the price action soon.
Please feel free to give me your opinions, as they are always welcome. Happy trading, happy hodling.
PS: This is not financial advice, these are my opinions and mine alone. Good traders always set stop losses, and never risk more than they can afford to lose.
-Trey
Chainlinkusd
LINKUSD: Ranging LINKUSD is ranging between $4.8 - $4.55.
There're significant amount of asks in upper zone from $4.7, but not too much bids near $4.55.
I can assume that if BTC will go below $9000 - link will dump to $4.5 - 4.4 as well.
I'm trading this range right now, but carefully, because as you can see each next pullback is weaker and support/resistance were tested several times.
Information is just for educational purposes, never financial advice. Always do your own research.
LINKUSD: Not Going to StopLINKUSD growth is impressive;
it's up ~33% in February and +24% in March although the month has just started.
Have no intention to short such a move, because in comparison with other alts it looks extremely strong.
Will try to catch a long in upper purple zone, for now just watching and the more I watch, the more I turn into #linkmarine
Information is just for educational purposes, never financial advice. Always do your own research.
LINK.BTC (Y20.P2.E4).Just goodHi All,
This is one asset that continues to perform and hence worth going long, until not too.
As you can see, against BTC it has completed the 5 impulse move with an a ascending macro triangle and hence the upper bounds like in LINK USD\T has no boundaries as yet and is unknown territory.
If one was to speculate based on the height of the triangle, that will be the macro target in the coming year.
If you believe like me that next year and onwards will be the big bull market moves, then LINK will have some story to tell.
I have a sizeable holding of LINK and I"m pissed that I have not watched it hit 3.3 level to buy more in.
For now, I have the next fib. extension level as its target 4.45 and while BTC moves sideways for some time (likely) fluctuating and testing the 8400 support and then at times the 8200 support, LINK will keep performing.
LINK chart
Please don't forget to give me a tick\like, as I would appreciate it.
Regards,
S.Sari
(for my reference > macro.chart)
Previous posts
$LINK Chainlink EW 5th? First idea!! CHAINLIKEHi there,
this is the first time publishing an idea for me on tradingview.
Im heavily invested in chainlink because of what the network and team are capable of.
Partnerships everywhere, vital to defi, staking not yet live which will push the price parabolic because of collateralization.
If you dont understand this dive into $LINK's tokenomics and read between the lines ;) You'll be satisfied.
Buying opportunity will come, one last time somewhere coming months after we went above $10 and likely retrace to $3-4 area.
Then the game is on and 2021 we will fucking fly.
Chart is more for fun.Though id be happy to receive some feedback about the use of EW since im not a huge TA trader.
Thanks and Cheers.
- The God Protocol
$LINK trading happily in the green zone - red zone soon 👀$7.77Hi TradingView world. I thought I would touch base with you all again to show you something quite special. First, I'd like you to take a look at my ZOOMED OUT analysis of Chainlink. This should give you some perspective on the fibonacci retracement and some other historical trends shown on my short term trend analysis.
Link here:
According to my analysis (link above) mentioned earlier, Chainlink is preparing to enter its third impulse wave - all the while showing strong discipline towards the GREEN channel between 4.80 and 3.90 painted from the fibonacci retracement tool on a macro trend spanning over nearly 2 years. This trend is hinting towards a price movement to around 7.70. Although, some tingly feeling makes me think we'll hit at least 7.77.
DEFINITELY NOT FINANCIAL ADVICE - I MAY OR MAY NOT ACTUALLY HOLD CHAINLINK TOKENS
LINK to break all-time high.LINK can boast an impressive performance until now and is expected to beat the all-time high by end of February or before. Not a single technical mistake was recorded for two months straight, which underlines how bullish the stock really is, especially with a super high cumulative volume at 60 billion (!) currently.
This post will be updated continuously in the coming days, as we'll be looking for the best exit and re-entry points, as well as formation analyses as they materialize. Near-term price target: $5-6
ADX:
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
LINK pullback, still on track for $5 By Feb 1stSince we got an early break above the long-term downward bearish trend line, it's no surprise we're going back down to test this support and so far so good.
I expect we'll chop between 2.50 and 2.65 for a bit and the blast off again for the next leg up to $5+
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.
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.
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