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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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22740081 No.22740081 [Reply] [Original]

I got bored today and started going through all the OG crypto from 2017-2018 on 1 day candles. So far only LINK has had a chart as clean as this for such a long period of time. It's about as good as it gets for a 2 year chart. If link breaks the 200 ema and doesn't rebound it will be the first time in a very long time it had a real down trend and not just a correction.

>> No.22740111

It has been dumping for the past 36 days in a row. You think "muh oracle integration" will reverse the trend? Link really is dead and it is never going to hit $20 ever again

>> No.22740115
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22740115

>>22740081
can you share the tradingview link sirs?

>> No.22740128

>>22740081
wow look at that MACD

>> No.22740154

>>22740081
Holy fuck, this going to crash so hard

>> No.22740182

>>22740081
but if it doesn't...

>> No.22740206

>>22740081
That's a beautiful chart. Wtf op I just bought 100,000 more. Thanks!!

>> No.22740210
File: 118 KB, 1463x849, link.png [View same] [iqdb] [saucenao] [google]
22740210

>>22740128
Going off the past data you can see here zoomed in the selling pressure is tapering off above the 200 ema as it's always done for 2 years. Maybe sell pressure will pick up again and dip into the 7's or low 8's but the 1 day candles are getting thinner at the bottom. From there who knows what the real future will be but historically the outcome has been good.

>> No.22740222

>>22740111
Buy signal

>> No.22740234

>>22740210
I forgot to add if anything a macd cross over under the 0 line while above the 200 ema is bullish and can be a buy signal for macd crossover traders. It's not there yet but that fast isn't pointing down either.

>> No.22740251

>>22740210
but this time sergey is releasing too many tokens at the buying pressure. that anon was right, until sergey stops funding the node operators it will keep dumping. unironically, the next 3-6 months are insanely crucial for chainlink to survive.

>> No.22740293

I already took out my initial. 8k and still have 10k make it links stack that can go to 1 dollar. I'm comfy.

>> No.22740312

>>22740081
TA is crystal ball garbage. Look at the countless RSI retards who have been posting the last few days saying to buy and it keeps dumping

>> No.22740326

>>22740251
You d realize Sergay has to pay his professionals and himself, right? He's gotten fat from overworking himself and general anxiety from running a multi-million dollar operation at a young age

>> No.22740397

>>22740111
We're looking at a chart that spans 1000 days and some change. There were corrections that lasted 60-90 days but the slow moving average never broke for a sustained period. 36 days is nothing. We'll have to wait another 2 months at least to finally see if sustains a real down trend.

>> No.22740505

>>22740397
Likely won't have to wait that long to see another upswing.

>> No.22740562

>>22740397
if dubs moon if no dubs 4 buckaroos

>> No.22740578

>>22740562
4 buckaroos confirmation

>> No.22740614

>>22740578
shut the fuck up newfag

>> No.22740878

>>22740312
You should listen to those crystal balls and buy now retard

>> No.22740888

>>22740614
4 bucks confirmed
angry neet detected who cant face reality

>> No.22740953

>>22740312
Atleast you will shut up in a week or so when it starts going up again, fucking ZOOMERS and their goldfish tier attention span

>> No.22740975

>>22740888
awww fuck

>> No.22740991

>>22740975
yup. i told you. 4 is guaranteed.

>> No.22741026

>BTC dumps
>link dumps
>btc corrects upwards
>link corrects upwards

Fucking
Bots