LINK
LINK : MASSIVE Profits Possible from THIS ZONEA Bearish Head and Shoulders pattern formed in the weekly, and we're not quite out of the woods yet - usually, a H&S retraces all the way back to the bottom of the left shoulder. In this case, it falls exactly at the ideal buy back zone:
It's good to see that the trendlines are moving CLOSER together - if you look at historic prices, this usually precedes a time of range trading, followed by another impulse wave up. The wider the trendlines are apart, the stronger the sentiment (bearish if under, bullish if above):
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BINANCE:LINKUSDT
Alikze »» FET | Bearish Flag🔍 Technical analysis: Bearish Flag
- In the analysis presented in the weekly Time, after a corrective trend up to the major ceiling area, it encountered demand, which led to a growth of more than 80%.
- Currently, in the 4H time frame in an ascending channel, in the middle area of the channel, as you can see in the chart, a bearish flag has been formed.
- Therefore, due to the failure of the supply zone, which is also recorded as a rejection candle, it can have a correction to the origin of movement after exiting the short-term ascending channel or the flag as high as the previous leg.
💎 Alternative scenario: In addition, if it can stabilize above the supply zone, the bearish flag pattern will be invalidated and it can continue up to the top of the growth channel.
🛑 Resistance: 1.172
🟢 Support: 0.78
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BINANCE:FETUSDT
LINK-USDTLINK-USDT.
Looking at this pair over a one-day time frame, you can see how the price stays below the downtrend line.
When it comes to support, we have visible:
SL1 - $10.40,
SL2 - $9.85,
SL3 - $9.10,
SL1 - $8.
looking the other way, you can see the targets at the following levels:
T1 - $11.66.
T2 - $12.47.
T3 - $13.66.
T4 - $15.17
Alikze »» TAO | Retest the bottom of the ascending channel🔍 Technical analysis: Retest the bottom of the ascending channel
- In the 4H time frame, after a price pump in the range of $162, it has been moving in an upward channel for some time.
- In this ascending channel, after hitting the ceiling of the channel 3 times and not being able to break the range, it has faced selling pressure.
- Currently, in the middle of the channel, after suffering for a while, it has again faced selling pressure.
- According to the behavior and structure of this correction, it can extend to the area of $278, which is in the range of the bottom of the channel. After that, it can have a retest to Fibo 1.618 and neck line, and then continue the correction to the $250 area.
- In addition, if the $250 range is broken, the correction should continue until the origin of the downward movement.
💎 Alternative scenario: If in this ascending channel it can stabilize above the neckline after the pullback to the broken structure, there will be a retest to the top of the channel.
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MEXC:TAOUSDT
Alikze »» NOT | Descending channel🔍 Technical analysis: Descending channel
- It is moving in a descending channel in short-term time frames of 12H.
- Currently, it is in the middle of the channel, which is suffering in the liquidity area.
- If the current zone is broken, the correction can continue until the bottom zone of the descending channel, the range of 0.0061.
- In addition, if the bottom of the channel is broken, the next support zone can touch the 0.00458 range, which is the demand zone.
💎 Alternative scenario: If the liquidity zone is maintained in the middle of the channel, the first target can touch the ceiling of the channel.
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BINANCE:NOTUSDT
LINK Long Position (Oversold Conditions)Market Context: LINK has reached an important level of support, with oversold conditions on medium timeframes. This presents a potential long trade opportunity, particularly if BTC holds the $58,000 support level.
Trade Setup:
Entry: Long trade around $10.80 - $11.53 support level.
Take Profit:
First target: $12.50 - $13.00
Second target: $14.50 - $15.30
Stop Loss: Tight stop loss just below $10.30.
📊 This trade capitalizes on the oversold conditions and key support, with well-defined targets and a tight stop loss to manage risk. #LINK #CryptoTrading #SupportLevel
LINK: Critical Re-Test of Support—Will It Hold or Break?Yello, Paradisers! Have you been tracking #LINKUSDT's latest move? 🚨 The market is at a tipping point, and #LINK is now re-testing the crucial breakout-based support range. The initial reaction is strong, but the question remains—will this support hold, or are we looking at a potential breakdown?
💎If LINK manages to hold within the supportive range of $10.75 to $10.95, we could witness a corrective upside in the near term. This might trigger a recovery, with LINK likely pushing towards the $11.45 level. Although some trend resistance could emerge around this area, a continued short squeeze might propel LINK even higher, potentially reaching the $11.90 to $12.15 range. These levels correspond to the 61.8% Fibonacci retracement and could mark the completion of LINK's corrective phase.
💎On the flip side, the $10.95 to $10.75 range is currently providing strong support. Just below this zone, the pivotal ascending support at $10.55 adds another layer of defense. These supports are likely to make it tough for sellers to break through on their first attempt.
That’s why, Paradisers, we are playing it safe and watching closely. Remember, consistency in your strategy and patience in execution are key. Stay focused, and let’s see how this plays out.
MyCryptoParadise
iFeel the success🌴
Chainlink: Take-off! LINK shot upward last week and was thus able to leave our turquoise Target Zone (between $8.20 and $10.90). We expect the turquoise wave 3 to lead above the resistance at $20.85. However, a renewed dive into our Zone within the internal substructure is quite conceivable in the short term, which is why we continue to keep it active.
CODX, LINK, EHTH, UA, MIGI and EVRI. Huge upward potentialFED is expected to start to cut rates in September and smart money will start to find alternative investment vehicles to put their money in. These stocks are showing good potential. I already have positions in all of them but still may add more to my positions.
Disclaimer: Not financial advice. Do your own analysis and research.
LINKUSDT: Brace for More Downside – Critical Levels to Watch!Yello, Paradisers! Is #LINKUSDT about to dive deeper into the abyss? Let’s dive into the latest analysis and what it means for your trading strategy.
💎#LINKUSDT has been locked in a persistent downtrend, marked by continuous Break of Structure (BOS) formations. This pattern underscores the bearish momentum that has gripped the market.
💎The pair has been repeatedly forming and testing a descending resistance trend-line, facing several rejections. These rejections highlight the strength of the downward pressure and the significance of the resistance levels.
💎A key supply zone lies between 11.82 and 12.90. This area is likely to be tested, with the supply line playing a crucial role. The previous support, now turned resistance, will also be in play, making it a critical level for traders to monitor.
💎There is a high probability that the price could drop back down to the support level and hover around the 11.82 resistance zone. Strong volume will be key if it happens then strong resistance is probable to hit which is 15.19.
💎A daily candle closing below the weekly support at 7.89 will confirm the invalidation of any potential uptrend and signal a continuation of the downtrend. This level is pivotal for traders looking to gauge the long-term direction of LINKUSDT.
Stay sharp, Paradisers. The market’s volatility means that only those with disciplined strategies will prevail. Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.
But it never is, and never will be a free ride. Make sure you play it smart, Paradisers; the next 6-9 months will be juicy for some and painful for others. Discipline, patience, robust strategies, and trading tactics are the only ways you can make it long-term in this market.
MyCryptoParadise
iFeel the success🌴
LINK Aims Higher!Currently reclaimed the previous week POC & VAL. I am expecting high prices to come. First target is the PW-VAH then the previous week high.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
Alikze »» NEAR | C wave correction leg🔍 Technical analysis: C wave correction leg
- It is moving in a descending channel in daily and weekly time.
- At the last stage of correction, it can extend to the area of the bottom of the channel and the green box.
- Therefore, considering that it has faced selling pressure in the middle of the channel, if the supply zone does not fail, the correction will continue up to the specified zone and Fibo 1.618.
- The range of 2.479 to 2.768, if faced with demand, can provide a suitable area for buying and a return to the middle of the channel.
- This zigzag correction, if it is not combined and complex, can continue the upward trend after completing the last corrective leg, according to the behavioral scenario presented in the previous post.
💎 Alternative scenario: In addition, if it can meet the demand in the middle of the channel, it can have a temporary growth up to the ceiling of the supply range of the channel.
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BINANCE:NEARUSDT
CHAINLINK: A Decisive Point!ChainLink (LINK) is currently at a decisive point. The current price of $10.27 is right at the support trendline. If it breaks below this support (the blue box), it is likely to face a further downtrend to $4.58.
If this support holds strong for LINK, it could soon rebound toward $18 and potentially initiate a higher rally.
- Important Support: $8-$10.
- Lower Support: $4.58.
- Resistance: $18.
Make sure you do your research and analysis before investing.
Trade safely
Regards,
Team Dexter.
#ChainlinkBUILD #cryptocurrency
Breaking Above the Resistance LevelLINK is currently within a range where a key resistance level is identified at $11.12. This level acts as a critical resistance, and breaking above it could indicate the return of buyer strength and the beginning of a new upward trend.
Potential Scenarios:
Breaking Above the $11.12 Resistance:
If the price can break above the $11.12 resistance level, this move could lead to an increase in price, reaching higher levels like $12 and $14. These levels are considered potential targets for an upward move.
Failure to Break Resistance and Price Reversal:
If the price fails to break above the $11.12 resistance, there is a possibility of a return to lower support levels like $9 and $8.49. These areas serve as key levels to support the price against further declines.
Chainlink (LINK)Chainlink price today is $8.4 with a 24 hour trading volume of 1,7 billion dollar. LINK price is up 3% in the last 24 hours
Chainlink is a framework for building Decentralized Oracle Networks that bring real world data onto blockchain networks, enabling the creation of hybrid smart contracts. These DONs provide decentralized services such as Price Feeds, Proof of Reserve, Verifiable Randomness, Keepers, and the ability to connect to any web API.
for three month Link charts growing and bulls try to take 8.5,9 and 10 back. 6.5 and 7 is a dip for link and If you got lucky don't forget to buy for long hold
Dont forget to watch Lex Fridman podcast with Sergey Nazarov co-founder and CEO of Chainlink too
LINK according to EliotMarket at this moment is showing the perfect story of the Elliot wave wave.. After the outbreak of liquidity on June 13, 2023, the link moved impulsively to its 5 waves.
Now we see that the correction took place at 0.61 Fibonacci, which I see as an ABC correction. The only thing I'd like to see at this point is fill the wick on the daily chart or at least half
Keep in mind that this is a large market cap and it will take time to realize this. The invalidation of this analysis is a return to the $8 range.
Tell me what you think about this analysis and whether you are buying now link?
LINK - Support is holding strong. What's next ?BINANCE:LINKUSDT (1W CHART) Technical Analysis Update
LINK is currently trading at $13.6 and price has reached it's support zone, this support zone is holding strong and we can expect the price to bounce back from this support zone, if this support zone fails to hold then next support is around 9$ range, we will keep our SL below this 9$ range
Entry level: $ 13.6
Stop Loss Level: $ 7.8
TakeProfit 1: $ 15.261
TakeProfit 2: $ 19.410
TakeProfit 3: $ 22.745
TakeProfit 4: $ 33.347
TakeProfit 5: $ 49.206
Max Leverage: 2x
Position Size: 1% of capital
Remember to set your stop loss.
Follow our TradingView account for more technical analysis updates. | Like, share, and comment your thoughts.
Cheers
GreenCrypto
Chainlink: Let’s go!LINK dropped significantly in the last seven days and even briefly undercut our turquoise Target Zone (between $8.20 and $10.90). However, as it was able to turn around quickly and only undercut the range by less than 1%, our count remains intact. We now see the turquoise wave 2 as completed and expect an upward push above the resistance at $20.85 in the further course. Investors could open long positions within our Target Zone. Stops could be placed around 1% below the lower edge. Should the bears push the price significantly below the Zone (37% likely), we will have to anticipate a lower low of the turquoise wave alt.2
Chainlink Business As Usual It might seem like a shock for most that Chainlink had this big move down, but if you have spent a lot of time studying Chainlink's last cycle, you would know that this is business as usual.
The fact that Chainlink had this move has made me more bullish than ever. We are currently 64% down from March 2024. Crazy? I think not.
71%
71%
62%
44%
These are all the corrections Chainlink had during its last cycle to its all-time high.
All we are doing is a back test to this previous range. Chainlink was doing the same thing last cycle.
If we overlay the last cycle over this starting from wave 5, we can see that we have had a crash during the same time of the cycle as we did in March 2020 (Covid). Crazy.
I would not be surprised if Chainlink closed above $11 by the end of the week, just above the 1:1 Gann Fan, and started a V-shaped recovery, marking the bottom. There is a very high chance.
Once again, my time fibs hit right on the money. The blue fib marked the bottom, and the yellow marked the top!
**Next date: 18th Nov 2024**
Chainlink Business As Usual It might seem like a shock for most that Chainlink had this big move down, but if you have spent a lot of time studying Chainlink's last cycle, you would know that this is business as usual.
The fact that Chainlink had this move has made me more bullish than ever. We are currently 64% down from March 2024. Crazy? I think not.
71%
71%
62%
44%
These are all the corrections Chainlink had during its last cycle to its all-time high.
All we are doing is a back test to this previous range. Chainlink was doing the same thing last cycle.
If we overlay the last cycle over this starting from wave 5, we can see that we have had a crash during the same time of the cycle as we did in March 2020 (Covid). Crazy.
I would not be surprised if Chainlink closed above $11 by the end of the week, just above the 1:1 Gann Fan, and started a V-shaped recovery, marking the bottom. There is a very high chance.
Once again, my time fibs hit right on the money. The blue fib marked the bottom, and the yellow marked the top!
**Next date: 18th Nov 2024**
LINK looks bearishLINK structure looks bearish. We have had lower H and L .
So it is better to look for sell/short positions in resistance ranges.
We are looking for sell/short positions on the supply range.
Closing a daily candle above the invalidation level will violate the analysis
Note that the financial market is risky, so:
Do not enter a position without setting a stop and capital management and confirmation and trigger.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
Alikze »» INJ | Descending channel🔍 Technical analysis: Descending channel
- It is moving in a descending channel in the daily and 12H time frames.
- It has faced a complex zigzag correction structure after the end of the last bullish wave that extended around the 2.618 area and the price of $53.
- Currently, according to the downward momentum, it is approaching the OB region in the form of a three-wave pattern.
- So if the $18.75 range maintains the 1.618 Fibo, it can have an attempt to the $25 range.
In addition, in the continuation of it, if it faces selling pressure again, the last log can continue up to the range of the green box and Fibo 100.
💎 Alternative scenario: But if it faces selling pressure in the range of $25 and breaks it, the downward trend will continue in the range of the green box and continue with its failure until the range of 11.36.
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BINANCE:INJUSDT