LINK → Chainlink About to Breakout!? Let's Maximize Profits!Chainlink bounced off the top of the Resistance Zone at $20.00 and is threatening to break out. Is this a situation that calls for a long or a short?
How do we trade this? 🤔
Never long in a Resistance Zone! But also, don't short prematurely. I believe LINK will make an attempt to break out of the Resistance Zone, but we need confirmation of the break before we can enter a long trade. Wait for a strong close above $20 followed by a test of the Resistance Zone as support. Once we see a strong bull bar closing on or near its high after a bounce on the Resistance Zone, we have the justification to enter a long trade.
I do believe that Bitcoin has a high likelihood of pulling back into the $30,000-$35,000 range before we see new all-time highs. Such an event will likely drag the altcoin market down with it. This is partially why this trade is set up to take half profits at 1:1 Risk/Reward and move the stop loss up to the entry price, locking in profits. The remainder of the trade can then be executed without worry of loss.
💡 Trade Idea 💡
Long Entry: $21.60
🟥 Stop Loss: $17.185
✅ Take Profit #1: $26.00
✅ Take Profit #2: $34.85
⚖️ Risk/Reward Ratio: 1:3
🔑 Key Takeaways 🔑
1. Two strong pushes to the upside
2. Strong resistance at Resistance Zone
3. Price action still above EMA ribbons
4. Wait for a break, close, and test of the Resistance Zone as support to enter a long trade
5. RSI at 70.00 and above the moving average, supports pullback then long
💰 Trading Tip 💰
Trends typically have three legs in either direction. Signals of a reversal include strong buy or sell bars with large wicks, higher highs and lower lows get weaker, and responses to the reverse direction get stronger. Confirmation lies with double and triple bottoms with a strong candle closing on or near its low/high.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
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1. Reading Price Action
2. Chart Analysis
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Linkbullish
LINK → Chainlink Teacup and Handle Bull Pattern!? Let's Prepare!Chainlink is knocking on the door of the Resistance Zone and forming what appears to be a teacup and handle bull pattern! Do we long now? What should our signal to enter a trade be?
How do we trade this? 🤔
Link completed its measured move up to the resistance zone, pulled back, and made another attempt to breach the $16.30 price but failed. If the teacup and handle pattern is truly playing out, we should be witnessing another weaker pullback to somewhere around the $14.30 price area (30EMA). If the price bounces at the 14.30 area, we may in fact be looking at a breakout of the Resistance Zone.
So does that mean we long at the 30EMA? No. Because the probability of profit longing at a resistance zone is low. It's best to wait for the price to break the Resistance Zone, test it for support then long that support as depicted in my analysis. Until then, let's wait on the sidelines and see how this plays out!
💡 Trade Idea 💡
Long Entry: $18.30
🟥 Stop Loss: $16.10
✅ Take Profit: $24.90
⚖️ Risk/Reward Ratio: 1:3
🔑 Key Takeaways 🔑
1. Measured Move Complete.
2. Price near Resistance Zone. Wait for More Price Action.
3. Teacup and Handle Pattern Playing out?
4. Long Setup, Wait for Bounce at 30EMA or Break of Resistance.
5. RSI at 60.00 and above the Moving Average. Bias to Long.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and comment if you found this analysis useful!
LINK /USDT Bullish Divergence,High Demand and Potential Bull Run💎 There is a bullish divergence in the MACD indicator. This discrepancy suggests a weakening of the downtrend momentum and a possible trend reversal.
💎 We have seen a break of structure following the previous downtrend. This break indicates a shift in market sentiment, potentially leading to a bullish phase.
💎The current price of LINK is situated within a high demand zone. The combination of bullish divergence in the MACD, a break of structure, and the presence of a high demand zone suggests an increased likelihood of an upward movement in the price of LINK.
Disclaimer: This is Not Financial Advice ❗️ Trade at Your Own Risk ⚠️
LINKLooking at the weekly chart for LINK we can see that 5 up was likely completed. I have marked off in blue a fib retracement level 618% of the entire 5 up and it hits around $1.31.
Looks to me like LINK is starting the X wave now and should no extend price action above $30. A rejection there would confirm that LINK is in a very complex long term correction back down to the 618% level to retest the lows and start a new bullish 5 up after.
Link/btc 1hour update Link/btc 1horu quick update,
Ready to inverse head and shoulders and long link/btc .
Spot, and features trade.
leverage 5x to 10x
Long entry :-CMP
Traget:- 8% to 10%
And stoploss:- NA
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...
Than you..
Link/btc 2hour analiysis Link/btc updated.
Link buy entry :-cmp
Traget :- 0.00062
0.00065
0.00073
0.00080 Stoploss:- 0.00055
Rembebar.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...
Thank you...
link/btclink/btc 4 hour analiysis
buy:-cmp
target:- 35.20%
stoploss:-NA
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...
thank you...
Oh no LINK MARINE, BUT IS GOING BADLY"THIS IS A CLEAR SHORT"
Just imagine believing in this situation, a forever parabolic run based on hype, because this is LINK only HYPE.
when the parabolic break embrace a -80% drawdown and be prepared for new low even.
indicators available:
CROSS
KNIFE CUT
KEANU REEVES
EXSE
SUPER BOSS
KR SCALPER