Link-short
ChainLink Analysis For long-termHello Traders, here is the full analysis for Chainlink
let me know in the comment section below if you have any questions. I suggest you keep this analysis on your watch list and see what will happen and will my analysis will happen!!!
Today I want to talk about LINKUSD in a daily time frame
Before that, I want to remember It's not financial advice.
I'm just sharing my view and opinion of the chart. Please see and think about that. The situation is so complicated.
I will tell you the best zone to buy and hold Chainlink for the long term to get a huge profit.so, please be patient.
As you see in the chart, I want to explain everything by the Fibonacci Channel. Because it's so simple and easy to show you.
I draw 3 Green Zone to show you all the support zones. I believe that the first green zone will be broken. Sooner or later but it's sure.
So let's focus on the second one. I think it could be a strong zone to support the price but I think the market maker do anything to lose that to the third support zone.
I'm sure the 3rd green zone is the best place to buy and hold link for long term. it's really my favorite place. I will put my orders in this zone. because I believe that the future of Chainlink is bright.
If you have any questions, please don't hesitate to contact me.
Wish you the best
Sincerely Yours
Ho3ein.mnD
LINKUSDT: looking for shorts8 USDT is resistance on the Daily and the Weekly.
There's a Trend-based Fib resistance around 7.85 USDT on the weekly.
The 7.85 - 8 USDT area is also a "bearish" order block/FTA (first trouble area) on the 8H.
"Bearish" order block/ FTA = last green candle before downtrend.
It's the area where price has a (relatively) strong reaction to the downside (bullish order block is vice versa).
This level also aligns with the 0.786 Fib resistance.
Let's see if price reaches these levels. Might not get higher than 7.7 USDT.
On the 8H there is a bearish order block. And 7.7 USDT is confluent with the 0.618 Fib resistance.
Link swing short idea Greetings from Team : Trading The Tides.
lets discuss a short sell oportunity on (Link USDT )
Target area for initiating short : 7.3
DCA Limits : 8 to be exact as there is a big gap remaining
TP : 6.8 , 6.3 thats a swing position so
SL : no sl
Hold Time : short - mid term
Technical Chart Pattern: structure gaps , rising wedge
Posible liquidity area : 8
Exchange: Binance
Rules :
We use big capital with less leverage .
Max leverage : 3x
Better take trades with 1x.
We only post the exact setup we are following for the trades .
But DYOR .
Not a Financial Advice !
From Team :
Trading The Tides
Like , Share ,Follow
Thanks a lot and see you soon on the next trade .
Chainlink/USDT LINK Bearish Short Entry and Targets, DivergenceMight have missed the entry but I wouldn't be surprised if it has one more push up to take out the .65 and any stops hiding there before heading down. There is clear divergence here.
Short:
Stops: $3.94
Entry: $3.58
Target 1: $2.50
Target 2: $2.30
Target 3: Pitchfork median line ; See other chart.
Never Trust. Verify.
DYOR. Not Financial Advice Just an Observation.
Always remember: technical analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key. Capital preservation above all else.
LINK Completion of Bearish Butterfly Pattern - Harmonics LINK/BTC has come to completion of the bearish Butterfly pattern after 472 days, now we are on the move to targets, respectively green bookmarked lines on chart.
It doesn't mean won't swing, it just means we are going to first target without making new highs again, don't be a believer! #short
There's also some bearish divergence and bearish hidden divergence on RSI , so down and continuation of downside.
We could expect a bounce reaching first target since it's also strong support between first and second target we will most definitely bounce. 0.38 and B point of the pattern (conservative target).
Other targets are 0.618 fib level and point A (this last one I really doubt we'll meet, maybe next year :)
PM for more info.