market conditions vs. RSI breakoutI've been waiting for this rsi breakout since May, but knowing a bit more now, I feel like this might be another fake pump. The utility fundementals are still there but market conditions are as we all know, not optimal. Would love to hear another view (or even the same view)
LINKEUR
LINKEUR Elliott wave 5 correctionElliot doesn't give us when or how much, but we know which way its movement is going.
¨°o.O - taking into account that wave 5 has to stay below wave 3 it can be predicted that there is a probability that the price will go to 1 digit at the end of this wave 5.
¨°o.O - taking into account that after wave 5 will make ABC go up because we are using inverted elliott in a bearish channel, I will make an entry at the end of wave 5 and an exit at C.
¨°o.O - the chart is at 9Hs, it gives you plenty of time to do your own analysis, however BTC and coins in general are doing something similar.
¨°o.O - I'm not saying that after wave 5 it will start a run to the top and I expect a continuation down after the elliott 5+ABC takes place,
but at a certain point the market after a C wave will make 12345 not going down but up until then we are analyzing daily and taking advantage of these small rises in the bear market which is a good way to earn between 10 to 30% even in a falling market.
¨°o.O - leave your like and leave your opinion if you want.
this is a conservative analysis because wave 5 as I said has to be below wave 3 but in a bear market it can even go below the white lines I drew
(LINK) ChainLink on the road to 200$ ? Hello everyone !
Today we analyze ChainLink (LINK) based on a Two Weeks chart 📈
What we can see :
- Prices evolve inside a parallel channel since April 2019.
- Right now, prices took support on the lower channel level + white trend line.
- Prices are still under the black downtrend line
- There is a bullish div on the RSI
* Eric Schmidt recently joined the ChainLink foundation as an advisor (Very bullish)
What we can expect :
If prices manage to break the downtrend line + the 33/38$ resistance area, there will be a huge W pattern that could send Chainlink to the upper channel level. In addition, by using the trend-based Fib extension, we can identify potential final targets for Chainlink
Main resistances : Downtrend line + Cluster 33/38 $
Support 1 : White uptrend line
Support 2 : Lower channel level
TP1 : 85 $
TP2 : 131 $
TP3 : 175 $
TP4 : 220 $
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MAY THE CRYPTO BE WITH YOU GUYS (D.Y.O.R)
LINK Short ideaThe idea is that we are reaching the end of a triangle that forms a B wave of a w2 retracement of a higher degree.
10:1 might be to risky for some, but with the right PA it's possible.
We should drop to around the high volume node to finish the retracement before continuing upward.
Good confluence with golden zone for W2 retracement and high level node.
Wait for a bearish entry signal before entering.
This is not financial advice.
BCH / LINK / ADA / DOT Buy Opportunities If Market PermitsI'll keep it short. Unless each takes no break and just continues to climb,
Possible buy opportunities for each at their 0.236 and 0.382 fib retracements.
Make sure to set your stop loss orders not to lose any money or sit there being forced to HODL.