Linklong
LINK (Y20.P2.E2).Macro.TargetHi All,
By just using Fibonacci and with a few assumptions, like a channel, I'm looking at the channel 0.618 fib level to be the major target, ~6.0 to 6.7
This has confluence with the height of the ABCDE contracting triangle. This should correspond to potentially BTC's target.
I have the 50 and 100 EMA on the DAILY to be the support lines on the pullback.
Note: 5.1 to 5.2 for the first major resistance.
Please don't forget to give me a tick\like, as I would appreciate it.
Regards,
S.Sari
(for my reference > Macro.charts)
DAILY Chart
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.
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
Chainlink is at Psychological LevelThe bears succesfully pushed their paws downwards. The price is now sitting at $1.50 which seperates the bears and the bulls territory. $1.50 was proven to be a strong resistance and it is being tested as a support right now.
To go below this price is highly unlikely. The price is moving through a falling wedge and we are at the apex. Moreover, we can see 200 MA daily is holding the price.
LINK / USDT 26.8.2019. (27% PROFIT TARGET)Hello, the idea behind this trade is that we buy in the best liquidity are where we can expect some buyers to come in.
3.6% Risk in this area is a good deal.
Good risk management is 80% of your profits, so do your math!
If you have any questions or thoughts feel free to share it in the comment section.
Have a nice a profitable day :)
LINK, Let Price Develop... PatienceOverall LINK is looking very bullish. After tapping this demand zone 3 times, and with the news about Google, I am definitely long term bullish on LINK. Here is my setup and how I am trading it for the long term. I plan on LINK not testing that demand zone again, I believe we will see LINK go and touch that 38.2 of the long term fibs and eventually the 61.8. I want to see buy volume come in and continue to increase for me to remain bullish. If you are in it for the long term, now is a good buy to hold. My wave count is basically an ABC or 5 wave impulse based on how C performs. Either way, I do think we see the 38.2 to get hit, and then I will reevaluate my position after.
This is not financial advise. Good luck out there.