LINK - Perfect Elliot's Wave Flag Bouncing On Support w/OBVBIST:LINK
Chainlink printing another beautiful flag after breaking through resistance onto now support.
The best part is while this is taking place the x-ray goggles of OBV showing us the growing bullish strength via higher highs and higher lows with bullish divergence behind the scenes.
Slowly, and then all at once 🌊👀
LINKBULLUSD trade ideas
LINKUSD
LINK performed a strong breakout with large volume after the final shakeout and completed the downward sloping accumulation structure.
The price base re-accumulation this time lasted only 18 days, which is very urgent compared to the accumulation period of more than 500 days at the bottom and more than 80 days after re-accumulation after breaking out of that bottom. Therefore, entering the market without waiting for the signal to retest the previous congestion area will expose investors to more risks.
Wait for the signal to retest the BUEC (Back Up To The Edge of Creek) at the upper edge of the price channel to get an entry point with low risk.
📊#LINK still has goals to achieve📈🧠After completing the correction at the daily level, we began to rebound according to the double-bottom long structure. We are currently back near the neckline buying zone, and the response to the touch is good.
➡️From a wave theory perspective, we are completing the 5th Pulse Wave
Let's see👀
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ChainLink (LINKUSD) - Head and Shoulders and RectangleLINKUSD seems to have tested the neckline of its Complex H&S. This break also came out of a rectangle pattern.
Setting my stop at 16 and target would be 32. Entry at 18.04.
In a nutshell, ChainLink is essential for data movement between blockchains. It's functionality in the business world cannot be underestimated.
I would not claim to be an expert on this crypto but surfing through posts and research, it's got legit use in the real world.
Goodluck!
UNISWAP - UNI Is Going To MOON MartyBoots here. I have been trading for 16 years and I am here to share my ideas with you to help the Crypto space.
UNISWAP is a large player in the crypto market.
UNI looks beautiful and will continue to moon. This pattern is a large base breakout and is very powerful. Its a failed descending triangle.
This chart helps show you ALT Season is about to start.
The ALT Market is in its bottoming phase, be prepared. ALT Season is coming. This is the time when its possible to make life changing money .
Do NOT miss out on this coming bull market
MartyBoots
Link daily bullflag target= $23 weekly bullflag target= $25Link starting to act like it’s about to break upward form this daily timeframe bullflag in teal. We can see below that it has already broken upward from the larger weekly timeframe bullflag in pink. Our next stop should be $23 to reach the daily bullflag target and then $35 to reach the weekly bullflag’s target. No guarantee the current candle is the breakout candle but it does feel like even if it isn’t the breakout candle is still just around the corner. *not financial advice*
Link better holds hereOr i would be really sceptic about an incoming 5th potential wave that i still dont think is in.
Whats good about this wave (assuming that we are doing circle yellow 4)
Is that the type of this correction is a sharp zig zag which is inverse to what we saw in the wave 2 where we had a flat sideways corrective pattern.
Which is a strong guideline of alternation.
Channel is good also... Algo is also still good (perhaps a last good stand for this to be the bottom of a wave 4
LINKUSDLink holds up well. After falling to support, we bounced back quite quickly. We wouldn't buy LINK at this point.
If you are in a position, keep a close eye on the resistance at $19.84. If Link can break through it and gain a foothold above, then we can consider taking subsequent targets marked with blue lines.
Also you can ask for only 1 altcoins analysis and i will try to do my best to cover as much as i can✍️
CHAINLINK BULLISH MOMENTUM IN VERY LONGTERM!!Chainlink is an Oracle network that services various blockchains, protocols, and projects within Web3 and the broader cryptocurrency industry. Oracles provide a way for blockchain-based systems and protocols to access data that exists outside the blockchain. For example, Ethereum can compute each account’s balance of ETH tokens, but it cannot compute the price of an ETH token, as that data depends on offchain inputs such as centralized exchanges. Chainlink’s Decentralized Oracle Network (DON) provides a solution to this issue while attempting to limit or prevent centralization concerns that arise when utilizing offchain data.
Head and shoulder Chainlink/FiatPotential for a corrective wave
Watch for price action to break into the cloud
Either T/P at $15.50 or enter long
Confluence hourly through 4 hour chart
Daily shows a little overvalue just looking for some support to ramp higher
Negative correlation relative to BTC, so it slooks like chainlink is lagging or creating its own vibe
DYOR
Give thanks always
#charptorn
Chainlink (LINK) head and shoulders formation on 4-hour chartThere is a head-and-shoulders formation in the Chainlink (LINK)/USD parity, which is forming in the 4-hour time frame and has a very high possibility of a downward break. One or two 4-hour candles closing below $18.30 will confirm the breakout and a pullback may occur to $16.70.
Additionally, the target of the formation, $16.70, has been a strong resistance for about 3 months. It has broken up with high volume in the past few days. This level is ideal for consolidating again.