brave new coin chainlink chainlink chart analysis chainlink news singapore Chainlink Link Most Bullish Token Among Top Ten Crypto Going To Face $10 Psychological Resistance
hey friends this is lots of proper well and welcome to the new update on channeling that is one of the strongest bullish token among the top 10 cryptocurrencies and tokens first of all let me show you that the chain link had three major events on 16th of july one was the listing on the hitbtc another one was listing on binance exchange as leverage token another one was the listing on upbeat exchange and now let me just show you my previous ideas that i shared with you about the channeling uh first of all i would like to show you the chain link with bitcoin idea that i shared on 22nd of december and the price action was moving in a falling veg pattern and i predicted that the price action will break out the dispatch pattern and at least move up to this level uh that is the fibonacci projection from the tail of this uh veg pattern up to this support im just playing this chart and you can see that the price action broke out this resistance of the veg pattern and so far it has produced more than 270 percent bullish rally and another idea that i shared about the chain link with u.s dollar pair that was also a weekly chart and the price action found a resistance at 4.58 and at that time i just predicted that the price action will be moved up to this level then it will take a bullish divergence to make another attempt for the breakout and now i am just playing this chart you can see that the price action as prediction moved down at the support and after hitting at the support it moved up as per prediction and after a first attempt of the breakout the price action started some correction really a very short correction really enough that the price action broke out this channel and so far it has produced more than 450 percent bullish value that was really very big bullish rally on the weekly chart you can see now if we watch on the live chart then after breaking out this channel in fact this is more likely to be a veg pattern rather than channel like this and this is the support of the veg and that was the resistance now on the long term on the weekly chart the price action has the support of this previous resistance of this falling wedge pattern and so far the price action did not start any correction rally and there is a big distance between the price line and this support of this falling wedge pattern that was a previous resistance if the price action will start a correction rally on the long term weekly chart then it can move up to this level but before that if some moving average will be moved up to provide the support to the price action like let me show you this is the daily chart and this is the 25 simple moving average this is 50 and this is 100 and this yellow one is the biggest time period moving average with the time period of 200. now after this powerful bullish divergence when that the price action started after the month of march the price action crossed up or broke out all these four simple moving averages on the daily chart and it was using this 25 simple moving average as a good support and sometimes it has also used here you can see that it has used 100 simple moving average and here it has used the 50 simple moving average but this time there is a big distance between the 25 50 100 and 200 simple moving averages and the price action therefore it is also possible that the 25 simple moving average will be moved up in the price action again use this support this 25 simple moving average as a support and it will continue its rally otherwise if the price action is if this moving average will be not moved up then the price action can move down all the way up to this 25 or 50 or maybe to 100 or 200 simple moving moving averages to use them as a support and in that case it can also use the previous resistance of this falling wedge pattern as a support because on the long term we did not see any correction rally after this break out and if we watch on the small time period chart then after this breakout the price action has started its movement in an up channel on the four-hour chart and at this time the price action is at the support therefore im expecting that and now from this level the price action can move up to the next resistance and that can be up to almost 10 dollar nine to ten dollars and if we watch on the on the same daily chart that was a four hour chart before that we have seen the daily chart with the simple moving averages now if we switch again to the daily chart with the exponential moving average 10 and 21 then the price action was also using the exponential moving average 10 and 21 as a support after this powerful bullish divergence and here for some time the price action broke down the supports but on the very next candlestick we can see that this is the stochastic indicator and this is the macd the stochastic gave us the bull cross this blue line crossed up the red line on the very next candlestick that is the bullish signal and the moving average convergence divergence the magdy was strong bearish and it was turned vigberry so this was a signal that it is turning bullish so if we would be watching the chart at that time then we can have the idea that the magdie is turning bullish we have received the bull cross or bullish signal by the stochastic from almost from the oversold zone therefore we could hold the chain link for the more bullish move and if we watch on the weekly chart again and place this ichimoku cloud then at this time the price action is above the cloud and this conversion line this blue one the bullish line has crossed up the bearish line that is the baseline and this red one and whenever the conversion line crosses up the bullish at the bearish line that is baseline that is a bullish signal and if we bought the lagging span this is the lagging span of the ichimoku cloud it is it has crossed up the candlesticks and even it has also crossed up the cloud as well so that is another very strong bullish signal and you can see that the cloud has turned bullish and it is also moving up so all the things are bullish at this time on the long time uh time period chart and im expecting that the price action can uh find a psychological resistance at 10 because at this time im not finding any resistance level for example i found the resistance level in my previous chart that i shared with you about the channeling with us dollar pair and i predicted that the price action will be moved down to the support after hitting this resistance level but at this time im not watching any resistance on the way off chain link and there is only one resistance that i am finding that is the 10 psychological resistance and if we watch this candlestick this is a complete bullish marubouzu candlestick whenever this candlestick appears in an uptrend this bullish candlestick bullish marubous candlestick then this is a clear signal that the trend will be continued therefore im expecting that the trend will be continue however it can find a psychological resistance at 10 and at the end of this video i would like to share with you this blog that i have just newly started and im sharing all the detailed analysis on this blog and that will be really very helpful for you guys im also sharing the link of this blog in the videos description so you can find the link for this blog in the description as well so this was the update take care goodbye Dont forget to follow my blog for detailed analysis: for Binance exchange: If you don’t have an account on tradingview then create now to find my all charts there: My personal blog is: Earn Money for posting articles and content: PublishOx: LBRY: Uptrennd: Patreon: read.cash: Read.cash: Steemit: /////////////////////////////////////////////////////////////////////////// My social links to follow: Tradingview link: Facebook: Twitter: Youtube channe: Telegram: /////////////////////////////////////////////////////////////////////////// Links for best crypto trading exchanges: Binance: p2pb2b: chainlink 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