Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
Link: Signs of life?
CHAINLINK/USD TETHER PERPETUAL SWAP CONTRACT
Long
Link: Signs of life?
By CryptoKnee
Follow
Follow
Sep 7
6
1
1
Sep 7
If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
Bullish Take:
Breakout Possibility: The price has been testing the downtrend line (blue line), and a potential breakout above could lead to a bullish rally.
Key Levels to Watch: The next target after a breakout is the $10.812 level.
Recovery Formation: The price is hovering near a critical support level at $9.910, and if it breaks and holds, this could trigger a bullish reversal.
Bearish Take:
Downtrend Still Intact: The price remains under the blue trendline, suggesting the downtrend is not yet broken.
Support at Risk: If $9.910 fails to hold, the next support lies around $9.329, which could lead to further downside.
Lower High Formation: The chart shows a series of lower highs, reinforcing a bearish sentiment unless a strong breakout occurs.
In summary:
Bullish outlook if price breaks the trendline and moves above $10.812.
Bearish outlook if price breaks down below $9.910, potentially leading to $9.329.
Trade Safe,
Trade Clarity.
altcoin
altcoins
crypto
cryptotrader
cryptotrading
Elliott Wave
LINK
LINKUSD
LINKUSDT
Parallel Channel
priceaction
Support and Resistance
CryptoKnee
Follow
More on the TradeDevils Discord
discord.gg/p9bjnpwnMc
Trade Devils University Sensei:
tradedevils.com/my-account/?ref=ebquu4
Certified Elliott Wave Analyst Master:
t.co/2GQ7uSjJVG?amp=1
Also on:
Related publications
My Impulse Channeling techniques!
by CryptoKnee
DOG: Leash Yanked.
by CryptoKnee
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the
Terms of Use
.