4hrchart
LINKUSD 4HR Update, LONGIt seems LINKUSD has successfully printed a reversal candle and will try to reclaim the pitchfork channel. RSI trend line, that broke down as well, is trying to be reclaimed. I expect both to happen and continuation to occur.
I dabbled with an Elliot Wave as well to get an idea of direction
LINKUSD 4HR Turning PointLINKUSD broke below middle channel support and below RSI support in the last 24 hours. We saw major volume on the sell side.
$Link is now at a great support zone being at the bottom of the channel which also coincides with the lower Bollinger band. RSI also shows signs of reversal. I looked at the Heikin Ashi chart which also already shows RSI reversal and is currently printing a reversal candle.
We will know by lunch today if we see bearish continuation, or what I think will happen is a reversal.
LINKUSD 4HR UpdateLINK's selling pressure has been furious. We have seen some high volume showing strong conviction over the last 24 hours.
If we can hold the bottom of the channel, which it looks like we might as it also coincides with the bottom Bollinger band, I expect a green day today. RSI broke well below support but is showing signs of a reversal. Heikin Ashi, not pictured, already shows a reversal on the RSI and is currently printing a reversal candle on the 4HR.
We will know before lunch what is happening
LINKUSD 4HR PlanThis is how I hope LINKUSD plays out over the next 24 hrs. I would love to retest RSI support and middle pitchfork support before a nice pop pushing past $32. It has played out how I had hoped so far since I posted yesterdays chart. Continuation may occur depending on BTC behavior. COINBASE:LINKUSD
UNFIUSDT New chartThree confirmations of four-hour bullish divergence on the cycle RSI indicator. Fibonacci price and buy targets on the chart. Good luck!
ETH 4H UpdateETH, Ethereum, is at a make or break point on the 4 hr. RSI is trending bullish and price action is following. There is still a downward channel that must be breached before real bullish momentum can continue. Rising trendline is nearly breaching the channel top, will it break down or break up?! We should know soon.
LINK Gaining SteamLINK, like most of crypto right now, is gaining steam. LINK is forming a nice upward channel with RSI higher lows forming a nice baseline for an upward trajectory. Liking what I see. Seems to be pretty smooth sailing up to the $31 area. Couple this with all the bullish news surrounding Chainlink from Citi and also Blockfi announcing that tomorrow they will also accept LINK for staking to earn 5.6% interest. BTC is starting to slowly show some strength as well which bodes well for all of crypto.
AUD/USDi'm looking for a small continuation to the down side then back up from here.
also forward for the market to respect the bullish trend but anything else is also possible
red horizontals are daily support and resistance
green horizontals ate 4hr support and resistance
Yellow horizontals are 1hr support and resistance
4hr chart h&s has formed. Will bull div keep it from triggering?Considering the h&s pattern is so blatantly obvious while also in a bull market is reason enough to be slightly cautious here... when you throw in the bullish divergence with that (yellow trendlines) the confluence really increases the likelihood of a fakeout...I think it's also probable we could get a breakdown that doesn't reach its full target as well. For now these seem like the two most likely outcomes here. *Not financial advice*
Nailed it, LINKUSD 4HROnce again, I correctly read the charts to see chainlinks next move. I do nothing special and try to keep my analysis simple with indicators to help support an idea. Trend lines and historical data can tell you almost everything you need to know as long as you know market sentiment