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LINK/USDT 1HOUR 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 is a bullish falling wedge pattern conform and retest and bounce Entry:- CMP and buy green zone Traget:- 20% to 30% Stop loss:-$13 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.
Long
by CryptoSanders9563
Link Lookig for a Run!!Chainlink has felt the bearish pressure from throughout the market, we came all the way down to about 13.42 at our 0 FIB level but have since made a strong recovery to the upside! We are currently trading inside of a bullish triangle with a forced breakout happening in aprx 3 days, this means if we don't see a breakout in the next couple days we will be forced outside of the triangle in either direction. Looking at our pivot points we saw strong support at the S1 level and our next target is definitely going to be the bullish pivot point, a climb up break and close above this level will give LINK that bullish momentum we need to start making more significant moves to the upside! But first of course we must breakout bullish from this bull triangle, sometimes what happens is we see a false breakout for example a few days of a bearish breakout before then rebounding to the upside, this would be to fakeout traders and the goal would be too liquidate short positions! Looking at our supertrend we notice that we just reversed from a bearish trend into a bullish one, we saw a significant run of red on our recent drop and it looks like we could be in for a nice stretch of bullish movement, very rarely do we see a short 1-2 day period of either red or green on the supertrend, we usually see full moves like we have on the chart right now. Looking at our MACD we are coming up on a potential strong bullish cross, we have had a long period of bearish movement on the MACD with huge separation within the MA's and now it looks like we got the chance to have the same sort of run on the bullish side. What we are looking for here is a strong bullish cross with big separation in the MA's and more importantly a strong push on the histogram into bullish territory, we want to see increased green bars day after day showing the rise in bull momentum, once we start running flat or decreasing the bullish run is likely going to start fading away! Not financial advice just my opinion!
COINBASE:LINKUSDLong
by JacobR905
3
Chainlink Bounce Coming!!?Another coin that i am looking to add more of is my favorite project.. Chainlink, we are coming down towards our 0.2 FIB level and we are given the chance to get a bullish bounce here. We have tons of support underneath of our price action with uptrend support coming in from our previous low, support at our current spot of 24.31$, 20.67$ support and we have strong support coming from the 0.2 FIB level. Looking at the bollinger bands we have more support coming in from our midline, we are currently sitting right above this point and it is important that we hold above and close above to keep this level as support. Also being above this level enables us to make a run for that top bollinger band, and as you all know if we can successfully make the run up to there and close ontop of this band we could be looking at a fast sharp move to the upside, more often than not closing ontop of this band triggers that big move to the upside! Now the MACD isn't looking super great we just had a bearish cross, this isn't 100% confirmed yet as price action could begin to push up and cause another bullish cross, or we could see a short bearish cross with a bullish reversal following soon after. What we don't want to see is a strong move from the MA's pointing down and separating, separation in the MA's makes it harder to trigger a bullish cross, when the ma's are compressed together one day of green price action can trigger a bullish cross, same thing applies when looking at the upside. Another thing we don't want to see is the histogram start to make significantly bigger red bars day after day, this shows an increase in the bearish momentum and can really accelerate the further we move into the bearish MACD cycle. Next very important we have the RSI, reason of why this is important is due to the RSI being directly on the midline, if we can see a bounce here and reversal back upwards we are looking at a very plausible confirmed uptrend and thats exactly what we want, if we break below here and get stuck unable to regain above here we are looking at a confirmed downtrend, so we gotta wait for our daily close tonight before we can confirm anything! Not financial advice just my opinion!
BINANCE:LINKUSDLong
by JacobR905