Link - A wonderful Cup and HandleBINANCE:LINKUSDT
I can see a nice cup and handle in the Link chart. If this solidified, it will take us all the way to our previous ATH of about $37
LINKBTC
LINKBTC setting to launch?Here is my trading idea of link/btc pair. There are some trendlines that I just follow, and some important fib levels marked, dont pay attention to it. I am looking at potential symetrical triangle break-out. Price target would depend on where we are actually going to break out.
Share your thoughts!
LINK moving as we thoughtChainlink setting higher highs and lows. Touched golden pocket and is continuing the move I predicted.
It has now retested the .5 FIB level, psychological $30 level and 21MA. I can see this move continuing especially since the 21MA broke above 100MA.
Last time this happened on the 4H was at $12. LINK made a 200% move towards $36. If this repeats we could easily see our target of $45 reached.
Link vs btcLinkbtc seems to be printing a head and shoulder pattern sponsored by decreasing volumes. Also i catch a bearish divergence that put my target down below making a new higher high. Thst means link could reach $19 área.
LINKUSDT potential entries for longGood project anyways more fundamentals pointing to bull but as far as technicals go. Looks clean enough imo. I didn’t flood the screen up with indicators today but I have multiple confluence for this trade. In this specific chart we can see rejection above the kumo cloud on the daily time frame and LINK push up and gain momentum in lower tf to upside with divergence on 15m and strat printing buy signals on 30m. Provided that wick holds for support then it could be a nice continuation here. I expect to see some kind of W shape that these crypto currencies love to make. Always follow a risk management plan and remember this is not financial advice but an insight into the market. Trade safe.
Ngs
LINKlooks like a bear flag formed, I think more downside here, just keep buying this won't last forever & LINK will hit $55 TP after this last shake out IMO
Link/BTC should go up hereassuming that bitcoin is gonna consolidate and go sideways for a little while, I think Link is going to want to go up.
Bullish divergence on the 4 hour, and we have the potential to fakeout the impending death cross, trapping shorts who tried to front run the signal.
LINK USD/BTC Dual AnalysisPlain and simple. Both look weak on this rise, so I am expecting a pullback to demand zones on both pairings.
LINKBTCLink is slowly climping up new channel, old parabolic line acts as an resistance if it can flip it as support, we might see bull return sooner than later.
Fundementals bullish & network demand increasing.
Good luck
CHAINLINK (LINKUSDT/LINKBTC) Daily Trade Setups 2021/02/20Hi guys! I will be sharing the trades that I take in real time, follow to see how my trades work out!
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Trade Setups
Below are the potential trade setups that I would be interested in trading:
LINKUSDT
Long Trade Setup #1: Retest and Continuation (200MAs)
1. Price Action: Price needs to move back down to the 200MAs, currently projected to be @ $32-33 by the time price reaches it, and bounce back up.
2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming
Long Trade Setup #2: Breakout and Continuation
1. Price Action: Price breaks above and falls back down to $35.7 and bounce back up.
2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming
Short Trade Setup #1: False Breakout
1. Price Action: Price breaks above and then falls below the high @ $35.7, forming a bull trap
2. Trade Entry Confirmations: A breakout candlestick followed by a breakdown candlestick, above average volume on both breakout candle and breakdown candle, MACD topping out
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LINK/BTC High Time FrameNice consolidation. Bullish MS as we keep making HLs. The LHs lead me to think this is a consolidation/triangle before a breakout.
$LINK - about to shake off some handsLink seems to be repeating a pattern as shown - it is very likely that the price will drop to support around $11.3 ( may be go a little lower ) - before resuming a strong run upwards.
LINK/BTC Time to BUYIn few words, LINKBTC is testing an upward 4H trend which is also supported by the 200 EMA. Current level (.00062) looks good to go with a long position targeting 0.00071XX as a first target. breaking 0.00074 will take the pair to 0.00089 again I think. While Stop Loss below .00058XX.
P.S> The 4H trend started on 21st Jan.
Happy Profitable Trades!
#TAK
