Linkbtclong
Amazing call on link ...whats next targets ?Yesterday we shared with you this idea about link that it was looking bearish in both usdt and btc pairs see here :
Price broke the trendline support and fall from rising wedge as expected
As long as price cant get close by daily candel above 10.74$ -10.8$ (0.5 fibonacci level)
(Also this level is the trendline support breakdown level)
We can see next target easy
Potential next targets to be reached :
Target 1 : around 8.5$ ( 0.618 fibonacci level )
Target 2 : around 7.3$ ( was recent low for link )
Target 3 : around 5.5$-5.3$ ( 0.786 fibonacci level )
For investor this areas is a good ones to accumulate partially before next bull run in link
Link was and still one of my favorite coins
Long term is bullish
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LINK/BTC long I'm not super into this trade, it being the eve of US election, so definately manage your risk... but gonna take a link long here vs btc.
Taking the low from October 7 as a basis for a stop, its a 6R trade.
But if the most recent low is taken, it is over a 10R trade.
And if it does get to target area, indicated by green resistance line, around 95000 sats, I will manage it with a moving stop as opposed to a limit sell, as that will be the 5th touch on the resistance, and it very well could break through to the upside and reach its previous all time high.
Entry: 0.00081122
Stop: 0.00080000 or 0.00079000
Targets: 0.000850000, 0.00095000, w/ trailing stop
Watch out for election wicks.
Travis
In God's Will
JMJ
Support levels to stay above on to break THESE next resistances*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky.
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*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
LINKUSD - 4 Hour - My ThoughtsHello everyone, Andrew here, Link has created higher highs but has pulled back slightly. I am bullish as long as we stay in the bullish channel.
The Trend Confirmation Indicator has Link bullish, volume is low giving me a Neutral, feeling. As we know, altcoins following BTC, changes can happen quickly, so please keep an eye on my BTC charts as well.
If you Long, consider taking some profits at $13.39.
If you Short, consider taking some profits at $9.44.
Stop line, Set stops on opposite side.
SHORT TERM: Bullish Neutral
MID TERM: Bullish
LONG TERM: Neutral
Please keep in mind this is a 4 hour Chart analyses.
Thank you for dropping by, please like and follow.
:)
PS: I am not an investment adviser. I learned trading and accumulated during the Bitcoins crash and of course enjoyed the 14k run. My experience trading in the Bear trend, makes Long calls seems easier.
Long Term Neutral call is based on TA and BTC, not fundamental action.
LINKUSDTLINKUSDT LONG-TERM CHART
Cir. Supply - 389,509,556 LINK
Total Supply - 1,000,000,000 LINK
Market Cap - $4,514,189,423 ($4.5 Billion)
Scenario 1: - Watch out for the Whales DUMP
#Link has been showing minor breakouts in past few week but none looks sustainable and solid.
I now therefore expect ChainLink to return to $1.50 to $1.65 Billion Market cap.
If Link breaks our channel marked here then it is a sign of its down trend.a I believe during Nov 2020 - March 2021 whales normally takes their profits and Would be happy to bet all in at $4.2 - $4.5 level. Which is a major support and was its breakout point.
Scenario 2: - BTC forms a flag here and then comes PUMP
Link has been reacting positively to BTC rise since long. As, more money in BTC means more money for LINK or BNB or ETH platform.
Thus, If BTC continues to surprise us and breaks 13,500 resistance then there is no reason for Link to be bearish.
Just as ETH or BNB it will cont. to sail ahead along BTC and will hit the new ATH finding resistance around $24-$25
<> This is Not a Financial advice. Just sharing my thoughts.
Link/usdt 2nd wave?Link/usdt
After forming double bottom and showed some consolidation last days its looking good now
Buy area : after the break of trendline
But Best buy area : after also break horizontal resistance
Around 11-11.35$
And the first target is around 12.5$-13$ and more
You can jump the wave or buy the retest if you are looking for more safe entery
Stability above these areas can do big pump
Risk : link has high volatility
Stop loss should be daily close below the horizontal resistance
CHAINLINK BUY AND SELL ZONES!!So everyone knows about chainlink buy now unless your living under a rock, but if so thats ok, heres some quick and easy buy and sell zones to keep an eye on.
everytime the RSI is over sold it tends to be a great buy time or DCA (dollar cost averaging) in. also around the bottoms before next run MACD seems to be a little laggy but histogram is right on.
The same goes for the over bought on the RSI tends to be a great time to sell. be good time to probaby scoop up a little on this now if you wanted. it wouldnt hurt.
LINK/BTC: Imminent Breakout Analysis - 1D, 1HIn this post, I'll be providing an analysis on Chainlink (LINK), shedding light on its daily and hourly chart through technical analysis.
Daily Chart Analysis
- To begin with, the daily chart is on the left, and the hourly on the right
- The daily chart demonstrates that prices are trading within a descending channel, forming lower highs and lower lows
- The Relative Strength Index (RSI) is at neutral levels, showing signs of a potential breakout
- The Moving Average Convergence Divergence (MACD) is forming a potential death cross, but has not provided confirmation yet
- We can interpret the current setup as a consolidation phase of a bullish flag pattern
- Should we see prices break through the upper channel resistance, we could potentially expect another leg up to 0.002btc
Hourly Chart Analysis
- Zooming in on the hourly, we see clearer signs of bullishness
- Prices are forming an ascending triangle pattern, in which the tops of the pattern are rejected at 0.000894 btc levels, while higher lows are formed
- The RSI is also in an uptrend, forming higher lows as a sign of momentum building up
- Based on the ascending triangle pattern, we can count Elliott triangle waves (ABCDE)
- This wave count shows that a breakout through the triangle pattern is very imminent
- The 100 Simple Moving Average (SMA) on the hourly chart is a good reference of support/resistance zones.
You can check out my other analysis on Waves (WAVES) which had a very similar setup: an ascending triangle within a descending parallel channel.
Conclusion
Chainlink seems like it's headed to retest previous highs as indicators and bullish pattern setups demonstrate potentiality for a breakout.
However as always, don't predict the market. Take it by levels, and play by probabilities.
If you like this analysis, please make sure to like the post, and follow for more quality content!
I would also appreciate it if you could leave a comment below with some original insight.
Link in Ascending Triangle! 20% Profit.LINKUSD - Short Term
We are looking to buy at the uptrend line or buy the breakout.
Trade will be canceled if the uptrend line get's broken.
Our outlook is bullish.
We are trading within a Bullish Ascending Triangle formation.
A break of 11.230 is needed to confirm follow through bullish momentum.
The bias is to break to the upside.
Our profit targets will be 11.860 and 12.458
20 and 50 EMA uptrend is active.
Resistance : 10.800 / 11.230 / 11.850
Support: 10.500 / 10.100 / 9.905
Signal Centre
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. :)
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