LINK.BTC (Y20.P2.E10).Macro.Cup and HandleHi All,
*** NOTE: LINK paring with BTC ****
As you can see, we have a familiar pattern and what seems to be the completion of the cup and now the handle.
In my previous post, I wasn't sure where the target was but with this new information, how likely is LINK going to hit the target.
Does this imply BTC is about to make a big move soon?
Please give me a like or a tick for this post
Cheers,
S.Sari
LINK against the USDT, neck line is also a good entry signal
MACRO Overview > shows that the 0.618 is the target in the channel
Previous macro post (successful call)
Linkbtclong
LINK/USD - the double bottomyou have to wait for confirmation on the hourly timeframe. Fix the next candle under the level.
The 4-hour clock should also close below the level. To open a deal.
the double bottom can be seen at 4.8, 12 o'clock timeframe.
Friends, thanks for your likes and comments!
Good luck with trading!
LINK (Y20.P2.E9).Macro.StructureHi All,
Another macro chart in the making.
This is an updated version based on a few key learnings I have come across lately.
(Refer to my BTC macro bullish chart).
LINK is one of the most bullish charts I have seen lately. Below are the daily and weekly charts to give you a perspective.
I will hold back on showing how I came to this charts formulation and as I want to be sure when all is said and done, the hypothesis is confirmed.
Anyway, I have been trading LINK since my LINK.BTC post and have done well because of it.
Besides being an exciting project the resent price action should keep people interested in trading this coin.
Please give me a tick or a like as an appreciation of this post.
Regards,
S.Sari.
The weekly\2D\Daily charts
My previous Macro structure post
LINK.BTC (Y20.P2.E8).v2.Macro.Bullish continuationHi All,
** A continuation on the previous post with short commentary **
Its ALT season again.
Observation:
> We see that at this point, we equal'ed the previous fractal accumulation area which equates to the BTC key resistance line.
It is anticipated that we will spend a short period of time here before breaking up to the next upside.
> I say this using BTC's target of 8400 of the CME gap along with the BTC dominance chart posted in the body of the previous post.
I'll add that here as well.
> I do expect a some strong resistance at the weekly 21 EMA or 7700\7800 mark which has confluence with many elements to be a strong resistance. I'm expecting over 10% pullback.
> We are seeing signs of parabolic momentum and the trend angle is increasing on BTC and is reflected here on the LINK pairing.
ETH is doing well against BTC and its no surprise.
Please give me a tick or a like as an appreciation of this post.
Regards,
S.Sari.
BTC DOMINANCE CHART
Previous post
#Chainlink | Update LINK made a good rally in the previous month 135%
And we had expected this rise before it happened. You can see the idea below
The price has entered a correction period for about two weeks, and we expect this correction to end with the weekly candle closing and then continue rising
LINK/BTC (Uptrend continue?: up to 50% profit)LINK/BTC
LINK has found the same support at the upward trendline and 200MA support area.
The 33300 sats area also coincides with the previous resistance area which is now a new support territory zone.
The priority again goes to the upside and our target is the swing high and stop-loss is below 200MA.
LINK.BTC (Y20.P2.E7).Macro.Bullish signsHi all,
BTC looking bullish in the short term as it has a daily candle close above the daily 21 EMA.
If this current candle also closes in 11 hrs above the 21 daily EMA, we then have an open and close daily candle above the 21 EMA and the 6400 mark....things are looking good. Hence time to look at the alts as well.
It seems the movement of the BTC dominance is looking downwards and I thought, let me check one of my favourite projects, chainLink.
Observation on LINK and BTC pairing:
> The major trendline is intact;
> On the 4 HRLY chart, we can see a bullish divergence is forming on the RSI and ON the major trend line\support line;
> On the Daily chart, we can envision a morning star pattern;
> On the macro chart, we had a breakout from the ABCDE pattern to only have it return back to the top of the ascending triangle for testing support;
> On the daily RSI and MACD we have convergence where the MACD line s crossing over, on top of the signal line, another bullish sign;
On the WEEKLY chart,
> bottom candle stick looks like a doji followed by a possibility of a spining top or better, potential morning star (keep an eye out for it)
> The 10 and 21 +50 EMA on the weekly acting as support for this upward trend
> Weekly RSI bottom trend line has proven to be support is maintained and what looks like a curving upward nose of the rsi at this point
Many confluences with the bullish scenario.
12 hrly chart
WEEKLY CHART
My BTC chart
My BTC dominance chart
Please give me a tick or a like as an appreciation of this post.
Regards,
S.Sari.
LINK/USD (Bullish setup: up to 40% profit?)LINK/USD
LINK is trading inside this symmetrical pattern which technical could break either direction
but since the price action is already trading above the 50M on the 4H time-frame.
This shows strength from the bulls that the short term momentum is starting to shift to the upside.
If LINK can hold the current price levels for the next 24-48 hours.
It has the chance to break bullish and reached up to 3.36 dollars.
The stop-loss would be below the previous low at 1.94 dollars.
LINK (Y20.P2.E3).Micro.Level.BearishHi All,
Observations:
============================================================================
For the short term, we see many indicators with bearish signals on the daily.
Price is convergent on the daily... +ve
Price headed for the next fib. level on the Macro channel
MACD has bearish momentum in the shorter time period
No divergences detected
Thoughts:
==========================================================================
We can see how a pullback to the previous resistance (ATH) which can now act as support.
We can see how it fits into the overall fib. level of the macro channel, as support
We can expect this area to have a bounce but with some initial sideways movement until it hits the channel trend and gain momentum.
Just like BTC, we will ease slowly into the support level. And just like BTC, we should see LINK shadowing its movements.
Please don't forget to give me a tick\like, as I would appreciate it.
Regards,
S.Sari
(for my reference > Macro.charts)
Note ribbon on the daily, 21 and 34 EMA
Note, daily RSI approaching previous bounce area in the previous uptrend
Other indicators
MACRO target
Previous MACRO post
LINK/BTC Ready to explodesHello Traders
Today I am gonna be doing a quick and simple analyses o Chainlink, here is some points:
We have Reversed with bullish Engulfing candle Pattern on important Support level on Bullish long term trend, and this is all that matters for us to open a long position in this asset.
Our stop loss must be bellow the support in case this is a Bull Trap, our objective is 230% above
Please support this publication with your like. You are welcome to follow us on the Tradingview.
Best regard Sandro and Gustavo.
Consolidation under resistance and Hourly TriangleBreakout above $2.93 and we test/ break through $3 or break through $2.86 and we may see a retest of $2.80. Move really depends on how BTC reacts above 9450. LINKBTC pair also consolidating in 30k SAT range as 31K failed. Move imminent and I am long since $2.75. This is what I am seeing on the charts not financial advice. Risk reward 2:1 if stop is set at $2.85 USDT.