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Chainlink

LINK/USDT - Potential Short ScenarioHello Traders! LINK movement within the descending trend began to accelerate, which may indicate the soon completion of the falling phase. If we take the correction of the cryptocurrency index (Bitcoin) to $20,000 - $22,000 as a basis, we can assume that the zone of interest of buyers will be below the current price marks. A suitable price range for asset recruitment in the medium term would be the in the $2.83 - $4.60 zone We should start the intake of the asset closer to the support level of $2.83, in the range of $2.83 - $3.32. The profit-taking targets in medium-term purchases will be the price levels of $6.86 and $8.38 Good luck and watch out for the market P.S. This is an educational analysis that shall not be considered financial advice
Short
by UnknownUnicorn10064030
Chainlink at a fork in the roadSitting at $7.60 resistance, chainlink looking to test $9 but having difficulty doing so. Possible retest of support around $6.50 if it doesn't break upward. Watch out for the false break higher. Keep an eye on the candles. Watch out for long candles in the current stagnant trend, if that happens expect an inevitable retracement depending on the direction.. expect a hard retrace lower to an unbelievable $4.80 not currently looking that way but keep an eye on your tops and bottoms.
L
by Brother-Doug
Key points to look for on Chainlink Chainlink looking for support @ or near $17-$18 range. Keep in mind on both the 4hr And Daily Chart , There is a possibility for a significant retracement to $14 range. All this is only plausible if the formation of a triple top/ head and shoulders start to form. Things are looking up for Link either way. Take profits along the way to $23 and just take note of previous trending this past December. This may just be a similar fakeout to a higher high.
L
by Brother-Doug
8
LINK/USDT : Aiming for Lows at $1.60 BINANCE:LINKUSDT Hello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it! $LINK has broken below the current support zone and it just retested the broken zone. Now There's an opportunity to take Short on $LINK with an invalidation above $8.50 as full body candle close! But the remained risk is much more than the most possible safe risk RN. So That's why I mentioned the second entry as the safe trade below $4.60! If we get the closings below $4.60 then I would locate my Short on a proper retest of the broken line and aim for $1.60 where the lows are located on... 📚 There's an early sign of bearish momentum; If we get the weekly close below $28800 on $BTC's price, Then you can take Short on every coin you wanted to ;) Hope you enjoyed the content I created, You can support us with your likes and comments! Attention: this isn't financial advice we are just trying to help people with their vision. Have a good day! @Helical_Trades
Short
by Helical_Trades
22
LINK vs XMR Hi guys! Please, support this idea by clicking the LIKE button. Thank you! LINK (Chainlink) looks horrendous. The price is breaking down the support of a Massive Descending Triangle, ultimate Target of which is $4-5 Keep in mind that LINK had a decent multi-year uptrend. Now it's time for a clear bear cycle The overall picture looks almost identical to what Monero (XMR) printed in 2017-2018. The same long uptrend and the same Descending Triangle at the Top. Will the outcome be different this time? I doubt it What do you think about it? Share your thoughts in the comments! If you like the idea, please, hit the Like button and subscribe to the profile in order not to miss our updates The information given is never financial advice. Always do your own research
Short
by CryptoBullet
8