LINKBTC
Link on an 8 hour. Brief rebound then looks like a long decline.Link looks like itll have a quick rebound before starting a decline that looks as if itll find a bottom around Oct 18th. If you look back at my pass charts, where trend lines cross almost always seems to signal a reversal. The sizes of the reversals vary but seem to be larger where more trend lines intersect. Oct 18th is loaded with trends overlapping, all of which are trends based off the largest movements of volume within the time periods contained within the trend.
I do not suggest a short here however as the crypto market in itself tends to suggest the opposite of what link here is showing and link also has a very active retail community who could take advantage of any dips to bolster the price. This is more a suggestion of caution if contemplating a long, as well as potentially a guide to help determine a buying point if the price follows the chart from now until Oct 18th. That being said, I only short on very short time frames, so if your a long term shorter you probably know what your doing and can disregard this.
Also, on the link chart I posted earlier today comparing the 1hr to the 30m, you can see that the peaks on the 1hr are in a decline and the peaks on the 30m are on an incline, which suggest that there is more support in this cycle when relatively compared to the last.
That means there is evidence of both a potential breakout and a potential dump. However it is always healthy to have a good retrace before attempting new all time highs and I dont see link breaking $21 unless it goes through a healthy correction first.
Chainlink ready for possible longterm bullrun, 3 scenariosThree entry points based on time and price, price was derived from horizontal support analysis, time was derived by diagonal trendline analisys
Upper longterm target is just a guess based on psychological significance, $LINK could very well reach 0.01 BTC instead of 0.005
This is a longterm analisys, for the time being the outlook is neutral
Two scenarios for LINKIf you like my TA or other ideas, please leave a like to show support. It helps me out a lot
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S/R scenario:
- LINK is ranging between $13 & $10.5
- It finds support @ $10.5 and moves up, either to break through $13 towards $15 or to test resistance for the fifth time at $13
Channel scenario:
- Link is ranging in a downward channel
- It can find support in the middle of the channel (matches with the $10.5 level) and moves up towards the top of the channel.
- Or LINK doesn't find support in the center and breaks further down in which case we could be seeing $6 LINK very soon.
What is your opinion on this pair?
link is going to die ?!
🌴FREE COIN ANALYSIS🌴
💎Poor $LINK going to see more blood soon. 4H closed below the swing low. Aligns with the idea of more altcoin blood to come.
💎 BTC dominance seeing a rise over the last 48h ( weekly open ) as Bitcoin seemingly outperforms the market (but does not look good as well no more). Immediately this can be interpreted as bearish for altcoins, especially if we start to see a run-up towards resistance at 64%. Presently, we don't recommend buying new alts as they are likely to keep dropping against bitcoin.
💎Stay safe✅😎
LINKUSD - looking very BULLISH with possible bottom in placeDuring the past months LINK experienced something called a blue sky breakout. The drop from last month was expected as traders need to create new supports/resistances to trade out of (look at TESLA for example). As seen from the chart, it is showing very strong signs of recovery and a bottom from monthly trend-line.
Watch price action at current levels, if it breaks, we may experience another shake out. Keep an eye on 15$ (if it reaches it) to a possible rise back to 20$.
TP levels 15-20$
Remember trade what you see and not what you think, being emotionally invested in anything is not a good idea.
Not a financial advisor, trade at your own risk.
LINK might drop furtherIf you like my TA or other ideas, please leave a like to show support. It helps me out a lot
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- Heavy resistance tested three times
- Ascending triangle, which is usually a continuation pattern
- Next support zone is around $10
LINK USDSideways chop followed by breaking through of the descending resistance line. Re-test this then you are looking at 20 dolla real quick. It will be psychological barriers thereafter... $25, $30, $40, $50 etc.
The Content is for informational and entertainment purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. This is not financial advice nor am I a financial adviser. :)
Two buy opportunities on this chart for LINKBTCMid-Term Forecast
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.00110).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LINKBTC is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 50.
Take Profits:
TP1= @ 0.00139
TP2= @ 0.00153
TP3= @ 0.00169
TP4= @ 0.01153
TP5= @ 0.01360
SL= Break below S2
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Short-Term Forecast
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.00114).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LINKBTC is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 52.
Take Profits:
TP1= @ 0.00129
TP2= @ 0.00139
TP3= @ 0.00153
TP4= @ 0.00169
TP5= @ 0.00192
SL= Break below S2
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Now, It's your turn !
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Two buy opportunities on this chart for LINKBTCMid-Term Forecast
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.00110).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LINKBTC is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 50.
Take Profits:
TP1= @ 0.00139
TP2= @ 0.00153
TP3= @ 0.00169
TP4= @ 0.01153
TP5= @ 0.01360
SL= Break below S2
---------------------------------------------------------------------------------------------------------------
Short-Term Forecast
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.00114).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LINKBTC is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 52.
Take Profits:
TP1= @ 0.00129
TP2= @ 0.00139
TP3= @ 0.00153
TP4= @ 0.00169
TP5= @ 0.00192
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
LINKBTC H4: Strong chart / 18% gains possible / BUY DIPS(SL/TP)(Why get subbed to to me on Tradingview?
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-15+ years experience in markets
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LINKBTC H4: Strong chart / 18% gains possible / BUY DIPS(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: LINKBTC 4hours/candle chart review/outlook
::: overall strong chart, coming from
::: previous accumulation in range
::: expecting breakout soon
::: 18% upside possible from here
::: buying mild dips makes sense now
::: chart may transition into bullish IHS
::: let's take it one step at a time though
::: recommended strategy: MARKET BUY
::: TP Bulls is 18% gains TP 15100
::: BUY/HOLD setup / swing tarde
::: for patient traders only / no fast gains here
::: re-test of 15100 required now to complete
::: the sequence for the BULLS
::: Just buy low and you will get paid, period
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment mid-term: BULLS/SWING
::: Sentiment outlook short-term: NEUTRAL/RANGE
LINK after DeFi crash2020 hyper coin Link has its first significant correction.
What changed after a DeFI crash? Well, to be honest nothing has changed. People are still loving Link and generally it is still one of the most popular investemen assets in 2020.
So sentiment is okay, people are looking what Bitcoin's next moves will be. And from TA, as it shows on a chart. Bitcoin could rally a bit so the Link could re-test a support, and after BTC will settle a bit,
we can expect Link to break that local resistance any skyrocket to the next one.
Regards
CHAINLINK LINK USD Bearish Fractal DropTwo possible fractals with strong resemblance in oscilation and geometric patterns might foresee an upcoming drop. The drop may happen among stocks, cryptos and tokens that have been in the rise for the last months. It is a normal retracement but considering LINK's historic volatility it should be a drop of about 66%.
1W RSI extremely oversold with reminiscense of the top in July 2019.
1W MACD at it's ATH after 20/21 bullish closing weeks since April 16th.
1W STOCH RSI signals an upcoming drop in the following days, reminiscent of the one in July 2019.
Bottom at $5.0.
Chainlink analysisChainlink spearheading the defi space of blockchain and crypto. Looks like it has completed a 5 wave impuslive 12345 structure and completed the correction ABC.
The god market for crypto is Bitcoin and the god market for bitcoin is gold and gold goes up when the dollar weakens. It is unclear whether the short term structure of gold is bullish or bearish, and it'd be hard to confidently say that Chainlink can go up regardless of what is happening to gold, but the structure says we should form another 5 wave structure.
If you are trading, keep your stops wide, and make your positions small, for long term investors, this is a bullish sentiment.
Comment with your charts, let me know what you think. For any questions, hit the DM
Dont forget to like the analysis and follow for more content on crypto, forex, equities and commodities.
See related links for previous link analysis
LINK/BTC is going to fall!LINK/BTC spiked from the Resistance/Support as was predicted. The price was rejected by 0.618 fib Resistance together with ROT swing.Bearish Engulfing in summary suggest that the price is going to decline.
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Also share your thoughts and charts here in the comment ⌨️ section!
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LINK.BTC (Y20.P4.E3).TA on the Macro structureHi All,
Based on the RSI and MACD formations, in my opinion, the following is likely to happen against BTC.
As for BTC I see a short term bounce to 10600 which aligns with this.
Note: AB=CD played out perfectly in both BTC and USDT charts.
LINK.BTC 2 HRLY chart
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4 HRLY chart:
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DAILY chart
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Looking for the MACD to cross over however its a slow indicator.
LINK.USDT
Please give me a like or tick for this effort.
Cheers,
S.Sari
LINK.BTC (Y20.P4.E2).Fractal and compound strategyHi All,
It is times like this (things are bullish), I search for opportunities. That 5% here and there can be compounded to make much more gains down the track.
I tend to use the total BTC equivalent as a measure to how I'm trading, especially in an uptrend. Down trend, I tend to look at the USD value to ensure I'm limiting my losses.
Anyway, here is one of those opportunities I have already acted upon.
Late last night, I flipped 1/2 of my LINK to BTC as I saw bearish signs at the micro level.
I will use the same BTC to buy back when I feel the time is right. Hence I will have more LINK and based on this chart, more BTC equivalent.
As for the 4 hrly chart, we can observe the following:
> the indicators support the fractal, from the 21\34 ema, fib level and formation\structure;
> the macd fractal will confirm it, and using the KDJ, will get an earlier signal as the MACD is lagging more so;
Link structure overview: Parabolic structure in tact and using fibs, target levels are clear
Close up view
Daily chart, candle sticks are weaker so far in this fractal area
Please give me a like or tick for this post
Regards,
S.Sari