kdenery

It's funny, i sometimes get some flack for the simplicity (and admittedly ugliness) of my charts. But the truth is, the KISS mentality works especially well in crypto, and with sensible reason behind it. If a trend or support/resistance level is clear to you as a human, you can be sure there are tons of bots playing off it as well.Anyways, INJ has had an amazing run up in the past couple months, and many people who are long or holding should REALLY be thinking about getting out, or at least tasking some profit.Look at it's all time MARKET CAP, not price. imgur.com/a/mHe2137 Also compare its current market cap to other metrics like FDV and TVL, and you'll see we need a pullback soon. But when?Hopefully this chart can help you make that decision by following along as price plays out.The Yellow lines are the big picture fib retrace. Will post a zoomed out view in the comments below

Just a follow up to my last post (tradingview.com/chart/LINKUSD/13y5ls7S-Chainlink-To-Finally-Turn-Bullish/) so that people can click "play" and see how it plays out.We've fallen through of course, but the entire market is looking bullish enough that i don't think we'll hit anything shown on the chart above as support before continuing up. It seems MAYBE this new cyan line is our upwards trend, at least for the short termIt's looking like we might have another big leg up any moment nowPINGPINGNow we just need to get back over the teal/cyan line and give the white area another go.Fighting a long term fib at 13.7 (orange line). might get rejected here, if not, decent chance we blow through the white area and really start ripping.

If so, we're breaking out of a multi-year range/channel.If not, we're headed down to at least ~$5Broke out and retesting as support? All small scale still so doesnt matter too much until we see a LARGE move.Some support and resistance levels I've been watching,All that's left is to close a weekly, or at the very least a daily candle above and outside of the white channel:Shorter time frame update:Breakout more or less confirmed. It's crypto, and it's LINK so anything could happen, but LINK hasnt moved like this with this sort of volume in a while, so assuming we keep the moment going, here's the upcoming levels that based on historical PA may act as resistance.Keeping it simple here, no fibs, gartlys or anything too complicated. Fundamentals are all that matter for this token, and if you don't know about them, i encourage you to read up elsewhere. chain.link/whitepaperNow, just for fun because I'm NOT trading LINK (purely investing for the long term) I'll do some shot in the dark speculation on short term PA.I think perhaps we could bounce a little, or otherwise get another big move up while staying above the trend line i drew here in whiteHowever, almost without a doubt, we will need to correct and come below that trendline in the next couple weeks (or even just days). As you can see, when we zoom out, you see just how absurdly steep the trend is.Even my shot in the dark guess (only 2 points of contact for now, not a real line until at least 3,) at a fall back/larger picture trendline of support (in thick yellow) is still quite bullish. But i could see us falling through the white sometime in the next few days/weeks, and then using the thick yellow as continued support IF we are going into full bull mode. Otherwise, expect us to break down below the yellow as well at some point in the near-ish future.(hopefully i got these image links right, writing this in a rush)I'm going to pretend my post going out caused this, thus invalidating myself.Realistically though, i still expect a testing of the white trend with a few bounces at some point in the near future (white box) with an eventual drop to SOME lower support level that could possible coincide with some new, less steep upwards trendline, such as the thick yellow one.As i said, im NOT trading LINK, however, if you were, and we're following a plan similar to what i outlines above, it would have gone perfectly.Re my last update, if i had been trading: - We did end up testing the white trendline with a bounce, i would have bought a bit more in the pink circle.- Either through a market sell or by trailing stop loss, i would have sold somewhere in the orange, since as i said, i didn't expect the white line to hold for more than a few bounces.- And after seeing such a perfect ping off the prior support level (red line) i would have probably bought some more in the blue area, though admittedly, probably not 100% re-buy in as i was keeping my eye on a larger pull back to a lower level, like possibly around 8.8 or on the yellow trend line.Currently at one of my (admittedly MANY) long term support/resistance levels, but seem to be making a decent little pennant up here for a push through. As always though, TA formations and patterns like this are not exactly reliable on these smaller timeframes and with a market as turbulent as crypto.Reminder, im not trading link, just updating for fun, i just DCA in on dips.Oh boy, stay tuned! Up or Down?I hope down so i can get more.New postReminder for all those following along that we've moved to a new post with updates there,🔗👇

Everything within this channel is just noise, not until we break above or below it do I expect anything too insane to happen with the price of LINK. It's not super reassuring that it's actually a rising wedge as opposed to an outright parallel channel, HOWEVER, given the fact we're in log view AND it's the ALL TIME chart, I think that means less than it normally would. I'm bullish on LINK if for no other reason than this chart right here. There is NO other chart in crypto that remotely like this, at least as far as I'm aware of. Aside from that, if it succeeds in playing all the roles it has the potential to play in global finance, it is also arguably the most fundamentally sound project in all of crypto. Here's a zoom in on our current situation and the fractal I've drawn up, Don't put too much weight into the fractal, the channel is what matters. Whenever you're curious about how link is doing, THIS is the chart to check. Always zoom out. Never sell. LINK marines stand strong.it's about to go ballisticConsidering im beyond confident in this falling wedge, I think there are only a few things that can happen from here. 1. The market as a whole could continue to recover and hopefully make new highs before another multi-year bear market. However, link pumps hard and faster, front running the market and in turn, breaking out of its falling wedge. 2. The market could stay relatively flat and do a lot of crabbing, while link starts to rise (least likely)3. The market could roll over and make new lows, however Link wont fall as far or as hard, at least outside of a few volatile wicks. This would also break it out of it's falling wedge, but still wouldn't make it a good investment overall. That's the interesting things about charting against TOTAL, a bunch of green candles don't necessarily mean you're gaining in USD.Chainlink may have an NDA in effect with SWIFT, as CEO Sergey Nazarov recently spoke at an event held by the organization, and has also gotten a profile on the SWIFT website, however, there has been virtually no news or coverage of this, which strikes me and many others as odd. Chart remains the same, trapped in the wedge but seeming to favor hanging out around the top of itLet's see some actionIt beginsNot gonna lie, pretty poor performance compared to what i was expecting. I suppose due to the wedge being so huge, it may also take a bit longer to work its effects. However, we're at a pretty critical point right now, both on the original log chart vs USD, and on the TOTAL2 chart, will be watching it closely the next couple of days.

This isn't anything. No comment.

Can it be this easy still? The bull run is definitely not over, barring some black swan event of course, however, I don't really feel in my gut ETH breaking out tonight, I think one more leg down would make for a good sort of three-dives-esque pattern. While the BTC pairing is looking as beautiful as ever, a closer look at the actual candlesticks and other timeframes would be needed for me to make any comment beyond, "it looks fairly bullish, if not also a bit overextended," and here I'm just looking at the USD pairing. Beyond that RSI has begun to creep upwards, and is one of the indications that maybe we won't have another leg down before breaking up. Our fib genesis for 0 & 1 levels can be found if you zoom the chart out a bit, but it was our prior local peak and local low (shocking, I know.) The additional fib I have drawn is assuming we DO break up from here tonight/tomorrow morning, but if we do have another leg down, I'll try and remember to leave an update here with the new chart.Time to move up