Long Entry at Strong LT Support Zone for CHAINLINKGreetings, Snipers!
LINK has been consolidating sideways from $5.30 - $9.50 since May 2022
Two long-term trendlines from 2020 have been well-respected as support. As you know, the longer the time-frame, the more reliable the signals.
In the shorter time frame, we can trade this sideway channel:
We can take a long-entry now, at $6.00, and sell at $9.00 for a Risk-Reward ratio >3 (SL at $5.20).
If Bitcoin cannot hold the current support, we may see Link drop to the next support at $4.30.
Hope you enjoy my first post! I wish to give back to the community, more or less, after lurking around for so long :)
Happy Sniping!
Linklong
link usdtThe trend is returning, the price is at very good point
But I suggest that if you are looking for long , wait for a shadow with good volume under the purple line FOR BETTER CONFIRMATION AND GOOD R/R
RSI LOOKS GOOD
BREAK THE YELLOW TRENDLINE EASILY
STRONG MOVEMENT TO UP SIDE
TWO GOOD SADOWS TO DOWN SIDE THAT COULDN'T BREAK THE GREEN LINE
WITH 3 GREEN CANDLES IN 2H TIME FRAME 2 FIBONACCI LEVEL BREAKED REALLY EASY
FAILED TO PUT A NEW LOW
VALID VOLUME ON BIG GREEN CANDLE
NOT A FINANCIAL ADVICE
$LINK - TRADING OPPORTUNITY. Short Term, 4H Chart.$LINK - TRADING OPPORTUNITY.
Yesterday we posted a bearish 1D Chart for Chainlink. But in the short term, I'm expecting some upside.
This is the EXACT trade I'm taking. (4H Chart)
The SL shows the Stoploss, and the green supply box is where I'm looking to sell!
#LINK
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.
LinkFinally Showing Lots Of Bulish Signs
InDaily Timeframe Descending Trendline Has Already Broken
Wait A Bit
Actually Link Breaks 2 Patterns In Daily Tf
2nd Is Symmectrical Triangle And Both Patterns Are Already Broken
Lets Have Look At Indicators
100 Ma Has Also Cracked Yesterday
Rsi Also Breaks Ling Range To The Upside
Lets Summarized Our Analysis
Link Is TRying To Tell Us That He Wanna Fly Now
Looking Very Good For MIdterm Buy And Hold For Few weeks Or Even Months For minimum2 or 3x
LINKUSD Dominant UptrendLINK has fallen quite a lot, just as other cryptos
The question is where will this falling stop.
I see a major trend line in Green which aligns well with another weaker uptrend in blue, and a downtrend in red
At this area price is around $5 per LINK
This is also at the 0.618 Fib level
LINK Army Hodl The Door!LINK looking prime for a drop to sub $1, when this correction is over! After a little dead cat bounce and continuation to the down side. None of my 4 indicators showing any bullish confirmation on the Weekly Time Frame.
- Weekly MACD ( Bearish )
- Weekly Pekipek's Divergence BETA ( Bearish )
- Weekly RSI ( Bearish )
- Weekly Stochastic RSI ( Bearish )
LINKETH - MONTHLY BREAKOUT (LONG) $LINK Chainlink $LINK has broken out of a brutal downtrend against Ethereum $ETH. LINK has been bleeding against ETH since August 2020 and finally looks ready to breakout of the trend and hopefully go to new ATHs. Link was the star of last bear market, and as we head into poor macro conditions, it looks like history may repeat itself. LINKETH is also sitting on major support and I'm fairly confident that it will hold strong. This could be another fakeout like we saw a few months ago - but I'm optimistic LINK will start outperforming soon regardless. During the mania phase, the market greatly over valued various L1s, meme coins, metaverse, governance tokens, etc. Its time for a return to normalcy and for only the strongest projects to survive/thrive.
Chainlink LINKUSDT Swing Trading Setup Buy Opprtunityin this chart you can see Chainlink 6 hour chart and breakout two month old resistance line and after that hold as a support,
Current price Linkusdt $9.2 we can expect now price will go down 0.61 fib level $6.8-7$ and if hold that support and we will see reversal candle,
Then we have buy Opprtunity there,
it's a swing trading setup and if it's work so we can expect target will be hit next 2-4-8 weeks.
If you want to invest this so please don't forget to put TP n SL.
Wish you all the best.
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