Linkbtclong
LINKUSD: Was It a Fake Bullish Breakout? 😱 | Nov. 25, 2022This week, we will stick to the 4-hour time frame to analyze the price action in detail!
It seems like a false bullish breakout was seen earlier this week following which a strong rally was witnessed. Seems like the price will soon approach the next resistance situated at $7.35. If the resistance is reclaimed by the bulls, traders can expect a strong rally in the coming week.
Once the resistance at $7.35 is reclaimed, we can see a clear path to the supply zone at $8.51. However, this view is only valid once the price is able to sustain above $7.35.
Traders must maintain caution of the demand zone at $6 because if this zone is broken once again, a sharp fall could be seen. At the time of writing, it looks like we may see a small pullback as the RSI has started falling. Expect the price to test the support at $6.3 before continuing the rally.
The important price levels for this week are $6.3 and $7.35!
LINK Is Trading Too Close to Support! What's Next? 😨 Nov. 18In our previous analysis, we ascertained if the support at $7.5 is taken out, the price will test the last standing support at $6.2.
At the time of writing, LINK is trading dangerously close to the support at $6.2, and it looks like a breakdown could be seen soon.
If this support is broken, traders can expect the price to collapse to $5.2, which is the 52-week low.
Therefore, traders should proceed with caution until LINK is able to reclaim the resistance at $6.5.
LINK/USDT - LONG 1D CHART----- Welcome, dear followers! -----
- Here is my trading methodology. I trade with a normal system and analysis of resistance and support, as well as price reversal patterns.
- For the record, I do not place a stop loss within my trades. So that I only risk 1.5% of my total capital in order to support the loss due to a price reversal against me.
- If a price reversed against my expectation and touched the drawn line r3, then I transferred targets to the entry point and waited for the price to close at it with a loss equal to almost zero.
- Today's deal is shown in the chart, and here are the entry and exit points below.
-- Support me with numbers and follow up on my account for other deals in the future. Thank you for coming to this part. --
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⚡️⚡️ LINK/USDT ⚡️⚡️
Exchange: Binance Futures
Trade Type: Breakout (Long)
Leverage: Cross (1.0X)
Entry Orders:
1) 8.176 - 100.0% (54.9606 USDT)
Take-Profit Orders:
1) 9.065 - 80.0%
2) 9.976 - 19.999%
Trailing Configuration:
Stop: Breakeven -
Trigger: Target (1)
Chain Link is Trying to Move- expect a Giant Move in Coming daysBINANCE:LINKBTC Looks Nice atm. It remained in ranges during Last few weeks.
Most of indicators are taking a shift towards bullish bias and volume had increased over past 2 weeks.
Currently Needs a bit more Volatility but a breakout looks like around the corner. Its a 2 day chart it can take time to develop do not fomo buy.
Weekly levels zoomed in
Happy trading
Recovery for LINKUSDChart comparison Between Link and the earlier days of ETH
ETH went through a long period of being flat which is a possibility for LINKUSD
This pause period can be seen on the MACD as the bear cross
Recovery could be as earlier as it touches the 50MA or later shown by the comparison
LINKUSD 3D CHART As I mentioned in the title, I am waiting for wave 5 but first we need to complete wave 4 satisfactorily.
The 4th wave may end in the wide range indicated by the white circle. After all, we are looking at the high time frame and it is not possible to predict the price exactly.
After wave 4 is complete, we will wait for wave 5 as the last wave of impulsive uptrend. I position the target given to me by the Fibonacci ratios as the 5th wave.
I think the count is satisfactory. The only problem would be that LINK's previous price movements were not on our chart. This is the oldest chart I could find and I think it's valid.
LINK/USDT 1DAY UPDATE BY CRYPTOSANDERSWelcome to this quick LINK/USDT analysis.
I have traded my best to bring the best possible outcome to this chart.
Reason of trade:- LINK/USDT Triangle pattern create to buy the dip and green zone
Entry:- CMP and buy green zone
Traget:- 75% to 100%
Stop loss:-$8
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native language
Do hit the like button if you like it and share your charts in the comments section.
LINKUSDT Next move (4H Time Frame 10%-20% Profit )Link comes up to only complete the double top .price will chase the buttom of the channel from now
Also Rsi shows us a powerfull divergence
this is just like the last link analyssis
in the middle of channel(around $24) there is a chance that btc will pump and make link bullish , BE AWARE.
always manage your positions if you see any sign of "bullish moves" make your trade risk free
feel free to ask questions or anything else.
GODBLESS
LINK BTC 2022Looking at a possible repeat from previous price action.
Going off Fib lines it was seen that link retested the high before retracing to the 0.618 golden pocket before reaching for the 1.272 / 1.414
Thereafter retracing to the prior 0.886 and then reaching for the 1.618 followed by a retrace to the 1.272 just mentioned.
ultimate target just shy of the 2.0 fib extension. Looking to exit between 1.618 and 1.786 for this market