LINK Looking GrandAs promised in my previous chart (attached below), LINK shot straight up and will continue to do so. This is the best looking chart I've seen (next to Bitcoin) in the past few weeks, and it's just as easy to read. I'm now dismissing a possible channel, upgrading this to a bullish triangle entry.
What you see here is the inner triangle (averaged). Once we get another 'top' we can determine the outer and predict the trend more precisely.
I'm rating it strong-buy for long-term investors, could triple by next year (potentially quadrupling). Short-term traders will buy and sell within the triangle always watching out for those higher lows.
Linkbitcoin
LINKBTC Testing Resistance At the moment LINK on strong resistance area and rumors that swift partnership with LINK that's why link is pumping. If not confirmed by team then will dump badly and again will touch around 1.5$. also RSI and Stochastic are overbought on 1D and 2D chart. So guys be careful if we cross resistance area 21k Sats then take entry and target will 24k Sats. But its only 25 percent chance that we will cross resistance.
LINK/BTC: UpdateBy request I'm updating LINK/BTC today. I haven't checked back since the last analysis, but did find a few things that made me change my mind. This chart is on log and trend lines & connections have been averaged (line-chart) for higher precision.
– parabolic trend line (1 to 2) has ended, thereby creating a new trend-line "top #1" (where either a channel, a wedge, or a triangle could form)
– the current trend line (dashed black) will aide us in seeing the overall trend, might either serve as a launch pad to much higher levels, or get broken (to confirm a channel for example)
– positive weekly candle is rushing to break the 50MA straight to 0.000227
– further than December of this year is still difficult to calculate (requires more data)
This is rough-check for LINK which looks great for the next 2 months forward. If there's enough interest I'll happily make a short-term (daily, hourly) analysis for this as well.
LINKBTC formed a bullish Crab pattern | A good long opportunityPriceline of Chainlink / Bitcoin cryptocurrency has fomred a bullish CRAB and almost entered in potential reversal zone.
I have defined targets using Fibonacci sequence:
Buy between: 0.00021167 to 0.00020197
Sell between: 0.00021920 to 0.00023743
Regards,
Atif Akbar (moon333)
LINKBTC has hit the channel support a good long opportunityThe ChainLink / Bitcoin cryptocurrency is moving within a down channel and now hits the suppport.
The RSI is oversold.
The stochastic is giving bull cross.
I have defined the targets using Fibonacci sequence as below:
Sell between: 0.00021435 to 0.00023722
Regards,
Atif Akbar (moon333)