This Can Be Really Bad For Chainlink (Link) Holders

 

 

Hey friends, hope you are well, and welcome to the new update Chainlink token.

 

Different support and resistance levels:

On the daily chart, the priceline of Link token is breaking out the different resistance levels and after breaking out re-testing the previous resistance levels as support before the next rally. Now the price action of Chainlink has found the highest resistance at $25. There are also simple moving averages with the time period of 25, 50 and, 200 with different support levels.

 

Click here to create an account on Binance, the best place to buy or sell Ethereum coin

 

An up-channel and EMAs:

The price line of the Chainlink token is also moving in an up-channel and after getting rejected it is at the support of this channel. At the same time, it is also re-testing the exponential moving averages with the time period of 10 and 21 as support.

 Click here to create a free account on tradingview to watch and play the chart in realtime

 

 

Long-term up-channel:

On the long-term weekly chart, the priceline of Link has formed a bigger up-channel and it is likely to be rejected by the resistance of this channel at the moment. Therefore in long-term, we can expect a rally to the downside to re-test the support of this channel.

For exact buy and sell targets for this trade, and other harmonic trading signals you can join:

https://www.patreon.com/moon333

 

Conclusion:

In the short-term, we can expect a move to the upside as the price action is at the support of an up-channel but in the long-term, a rally to the downside is more likely to be expected because the price action has been rejected by the resistance of a channel on the weekly chart.

 

Earn 310% ROI as passive income on eclipcityglobal by investing and mining UME token

Note: the above external link will take you to the eclipcityglobal page, any Tron based wallet is required

Comments

Post a Comment

Popular posts from this blog

Its Not Hard For Litecoin (LTC) To Breakout $200 Resistance

Image
    Hi friends, hope you are well and welcome to the new update on Litecoin. The price action has bounced from the trend-line support: In previous article we have seen that the litecoin was moving down to the support of an up-trend line and this trend line is formed since 20 Oct 2020. And we were expecting a bounce from this trendline after this pullback. Now finally the price action has taken another bullish divergence after reaching at this support.   After getting bounced from the trend line support: Click here to visit this old article on tradingview:   Another successful harmonic move: In the meanwhile, I also shared another chart with you on 9 Dec, where I told you that the price acton of LTC is completing BAT pattern on small time period 4-hour chart. Now the priceline also has taken bullish divergence from the potential reversal zone of this pattern.   Ater bullish divergence from PRZ level: Click here to visit this old article on tradin...
Read more

Vechain (VET) | This Dump Will Lead To A Big Pump

Image
  Hey, friends hope you are well and welcome the new update on the Vechain coin. In this video you will watch how:  On a long term weekly chart the priceline is retraced between 0.50 to 0.618 Fibonacci retracement. Before this correction, the price action of VET broke out the Ichimoku cloud with powerful bullish rally. Now it is retesting the 25 SMA as well. Click here to create an account on Binance, the best place to buy or sell Vechain coin   On the daily time period chart, the priceline is moving in a falling wedge pattern Vechain. Recently price action is rejected by the resistance of wedge and moving down. The volume profile is showing the weak interest of traders at the support of the wedge pattern. The moon phases indicator is also showing a new full moon above the resistance. Therefore there are chances of a breakout after a correction.   On the daily chart, the EMA 10 and 20 are in the bear cross. The stochastic and macd are weak bullish. When all three ind...
Read more

Tron (TRX) Can Turn Your Thousand$ To Million$ Here Is Why | TRX Analysis 2020-2021

Image
Hi friends hope you are well and welcome to the new update on Tron. After the drastic drop from Feb to March 2020 the TRX has started the recovery rally like all other top coins. On daily chart the priceline has formed an up channel for the upward movement and recently on 10th and 11th May we have witnessed strong bearish candlesticks. And at that time the TRX was likely to break down the channel support. But now the candlesticks are moving side with the support and weak bullish candlesticks are appeared signaling that the bears are losing control.   The exponential moving averages: After the death cross between EMA 10 and exponential moving average 21 on 25th of February the price action was facing a strong bearish trend. Finally on 7th April the EMA 10 crossed up the EMA 21 and formed the golden cross. Since then the price action is using the exponential moving average 10 and EMA21 as strong support. We can see from 10th to 22nd of April the candlesticks had been moving sideways ...
Read more