LINK
🔗Chainlink (LINK): Critical Support Broken, Potential Recovery BIST:LINK has broken a daily support line and is now within a support zone of $13.5 - $15. If LINK reclaims this support zone and the daily resistance trend line, there is potential for a move to the $17 - $18.5 resistance level. Set a stop loss at $11.5 to manage risk. 📉🔗
#LINK #CryptoTrading
LINK/USDT Assessing Bullish Potential from Key Support?👀🚀LINK💎 Paradisers, let’s focus on #LINKUSDT as it demonstrates a critical juncture in the market. Currently holding a key support level, it is showing signs that point towards a potential bullish movement.
💎 #CHAINLINK has consistently respected the support level at $14.988 without breaking below it. This steadfastness in maintaining its position above this support level is now leading to a heightened probability of a bullish trend, targeting the significant resistance at $17.206.
💎 However, in the ever-changing landscape of the crypto market, the ability to adapt strategies is vital. If #LINK faces challenges in maintaining its stance above the $14.988 support, we may need to recalibrate our approach.
💎 This could involve preparing for a bullish resurgence from a slightly lower support level at $14.769. Crucially, if BIST:LINK falls below this secondary support, it could signal a shift towards a bearish market direction. 🌴💰
LINK POTENTIAL GOES UP TO $26 TO $34 After Long AccumulationLink includes the DeFi coin category which I think will rise in 2024.
There is a high probability that soon, this LINK will break out of the markdown structure.
LINK is observed to have accumulated for almost a year. The coin has been quite stable in recent months.
At this time it tends to move slowly. It is suspected that there is an accumulation phase at each stage before the high rise.
The predicted increase is in the first quarter and third quarter of this year.
So start again up-trend(LINK)❤️❤️Thanks for boosting 🚀 and supporting us!
📈Back to again start . Startes .
📊 (Entry) : 14.86
🔴 Stop Loss : 14.17
🎯 Take Profit : 15.47-15.95-16.70-17.30
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LINK prepare for longTime is running out for a good LINK entry!?
It's time to prepare for Chainlink bull run!
If the market decide to make a big "ETF-move" - I see LINK leave the bull flag with speed and never come back.
I see next big stop at 27 dollar - potential 85%.
I still think 15 dollar for LINK is really cheap, but 14.0 - 14.6 could be nice area for some limit orders!
I will not wait for any break and retest of the bull flag, I have way to much confidence in LINK and I also plan to hold link "forever".
I don't think the big money will ignore LINK, when it starts to move!
Chainlink - bearish back-up scenarioAs back-up & not highly likely IMO
The bearish Chainlink scenario useful to...
1 - find invalidation point as confirmation for bullish investment
2 - be prepared for sudden Crypto panic & fear mode
3 - find good levels to DCA more coins
It was hard not to see the bullish outlook for Link🤣
Comments💭, Likes♥️ & Follow🔗appreciated🤗
Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
LINK/USDT - Chainlink: Falling Wedge◳◱ On the $LINK/ CRYPTOCAP:USDT chart, the Falling Wedge pattern suggests a pause in volatility, potentially gearing up for a breakout. Traders might observe resistance around 16.264 | 17.265 | 19.582 and support near 13.947 | 12.631 | 10.314. Entering trades at 15.259 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Chainlink
▣ Rank: 16
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc
▣ Category/Sector: Services - Data Management
▣ Overview: Chainlink is a decentralized oracle network. It aims to serve as a middleware between smart contracts on smart contracting platforms and external data sources, allowing smart contracts to securely access off-chain data feeds.
◰◲ Technical Metrics :
▣ Mrkt Price: 15.259 ₮
▣ 24HVol: 75,890,616.439 ₮
▣ 24H Chng: -4.917%
▣ 7-Days Chng: -2.66%
▣ 1-Month Chng: 5.93%
▣ 3-Months Chng: 89.72%
◲◰ Pivot Points - Levels :
◥ Resistance: 16.264 | 17.265 | 19.582
◢ Support: 13.947 | 12.631 | 10.314
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: SELL
◰◲ Technical Indicators Summary : SELL
◲◰ Sharpe Ratios :
▣ Last 30D: 0.96
▣ Last 90D: 3.18
▣ Last 1-Y: 1.59
▣ Last 3-Y: 0.58
◲◰ Volatility :
▣ Last 30D: 0.85
▣ Last 90D: 0.93
▣ Last 1-Y: 0.75
▣ Last 3-Y: 1.09
◳◰ Market Sentiment Index :
▣ News sentiment score is 0.74 - Bullish
▣ Twitter sentiment score is 0.59 - Bullish
▣ Reddit sentiment score is 0.50 - Bullish
▣ In-depth LINKUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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LINK - Wyckoff Reaccumulation Schematic#LINK
Link is following a texbook Wyckoff Reaccumulation Schematic as seen in one from an ETH chart on the left, which includes an Elliott's Wave ABC then another, once liquidity has been grabbed on the 3rd pop up.
* Note there is usually a variance between the schematic images when compared to real time Cryptoland due to what I assume is high leverage stop hunting.
Link headed up?!If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
BIST:LINK update. 🧵
Followed the path on the left and bounced
close to the level provided.
Now we get to find out what it is.
PTT and W5 MLT for the conservative bull count.
Falling back from here, could lean X/B complete...
But, hope it keeps climbing.
LINK/USD Main trend. Wedge. 53$ - 5,3$ = -90%Basic tendency. Logarithm. The time interval is 1 week.
A clear downward wedge was formed in the pair to the dollar. Pay attention that the maximum is $53, and the minimum is $5.3. It is interesting that it is exactly -90%. This makes it clear that the price is completely "manageable."
A line chart to understand the direction of the trend and the wedge.
Secondary trend.
LINK/USDT Secondary trend. Downward wedge.
Alts should be looked at starting at -90%.
But I want to remind you that -96% is also -60% of -90%.
It's the average set and reset price that matters, but this logic should always be kept in mind. Averaging, this is not buying "cheap", but buying in potential trend reversal zone, if past buying turned out to be wrong (very relevant for those who work with large amounts and keep most of their cryptocurrency on wallets).
You have bitcoins and you don't want to sell most of them for any money, neither cheap nor expensive? Then HYIP, a cryptocurrency, is designed to take them away from you!
Then, after a few cycles of hype around another promising crypto-monet, former bitcoin holders will be collecting satoshis and remembering, "I used to have a lot of bitcoins... But I wanted to get rich so badly that I lost them all...". With each coin prospect and with each jump in the market cycle, my balance decreased, and now I have pennies compared to my former numbers...
Illusory money prospects and trivial greed can deceive you. With these two components of the market, you have to stay at arm's length.
LINK/USDT Secondary trend. Downward wedge.Logarithm. Secondary trend. Downward wedge.
A clear downward wedge was formed in the pair to the dollar. In case of its breakage, I showed the maximum potential.
Note that the maximum is $53, and the minimum is $5.3 Interestingly done, that is exactly -90%. This makes it clear that the price is completely "manageable. People do not influence the price, they are directed to form the desired price.
A line chart to illustrate the key pivot zones.
Alts should be looked at starting at -90% .
But I want to remind you that -96% is also -60% of -90%.
It's the average set and reset price that matters, but this logic should always be kept in mind. Averaging, this is not buying "cheap", but buying in potential trend reversal zone, if past buying turned out to be wrong (very relevant for those who work with large amounts and keep most of their cryptocurrency on wallets).
The main trend. Time frame 1 week.
LINK/USD Main trend. Wedge. 53$ - 5,3$ = -90%
🔥BSW is Future Binance Top Gainer: Are U Ready to it❓Biswap fell by -97% from it's highs. It take 2 years and lot's of investors tears. Now the time is come and no one wants to buy it.
BSW is a very low-cap altcoin ($40mln) for a such huge exchange (Binance).
The targets and resistances are $0.134, $0.25 and $0.6-0.65 order flow.
💥 Altcoin with a $40mln cap is a real "Gem" and I think it can't test the wedge and break it with 1 single candle. Usually, it happens even without the squeese to the trendline above.
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Chainlink to 110%Positive technical indicators:
Above 50 (retested) + 200 EMA
Golden cross formation
Bullish flag pattern potentially developing
Further confirmation points:
Increased trading volume
Price holding support above $16
As with all crypto, volatile and rapid price swings are expected. If $16-18 range won't hold, I see a possibility of price dropping to $10, to confirm 200 EMA as support, before moving higher again.
LINK - The Stair Step + Double Bounce#LINK
After a beautiful ABC correction after an Impulse wave #Link has taken multiple shots and cracked up through resistance and is now coiling up and stair stepping on top of support.
When PA is as clean as this, with volume in all the right places. Yes there is incredible potential for clean gains, but more than that it's a spectacular example to learn from IMO.
Such a beautiful illustration of how support & resistance work. I hope this helps provide a lens through the noise of PA so you can truly appreciate what's taking place in plain sight and hopefully also how to use this as a map for future gains.
I Cannot Short This !!! situation+next targets.LINKUSDT is in an ascending triangle which means the price is about to do a good bullish movement. The price can increase as much as the measured price movement ( AB=CD ) .The break out needed for increasing further has not happened but it should happen pretty soon.
🤑Stay awesome my friends.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
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