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Linkprediction

WHY IS LINK PUMPING TODAY?Why is Chainlink BINANCE:LINKUSDT pumping today? Last month, I forecasted this coin on reach to a year-long resistance and to watch out for a potential breakout or pump in the upcoming weeks. Now, BINANCE:LINKUSDT pumped because of a year-long breakout , that's 16 months to be exact. What should we do next? Scalping either long or short would be best in my opinion but be sure to have a setup for that strategy. For intraday traders, be patient for finding some possible bullish patterns (mini resistance breakouts, head and shoulders, cup and handle) as the coin is still in an uptrend. Take note, we can see retracements for the coin price, as the price would wait to be stable from the yearly breakout. From a technical standpoint, I would rely on identifying a common resistance for a potential take profit area. I find the $11,446 resistance line convincing since it presents strong support and could be a new resistance line for the coin (click the chart above for better quality) . Another would be at near $12 range, based on the fib retracement of .382 from its all-time high. This would take possibly a week or more in order to reach that price that I've mentioned. If you entered the breakout, congratulations! Now, you need to do set a protective stop profit in tranches. Plot your support line because that will be a guide in taking partial stop profits. In this case, I would plot a diagonal support line. If a breakdown happens with confirmation of candles and your indicators, you could take a bit of your profit OR for those who did not enter, execute a scalp short play and plot your Fibonaccis. I'll add more forecast to this idea but will update you in the comments section. Thanks to those who are supporting my past ideas, means a lot. Feel free to comment your questions or suggestions and please follow my profile on this platform for more of this and possibly add more trading content. PLAN your trades, happy trading!
by luigi360swirl
LINK - 4h. Buyers get ready to test $33-34Our previous LINK idea , in which we expected a correction, worked out pretty quickly. The sellers turned out to be much stronger than we expected. Our ultimate target of about $21 was achieved by the sellers almost immediately after the idea was published. We expected a smoother correction. As you can see in the chart dated February 23, buyers are trying to organize a new upward trend. LINK price moves in a white channel. The first critical point for buyers is at $31.4. Notice how the LINK price from February 13 to February 18 tried to gain a foothold above this level. In addition, note that it was the mark of $31.4 that became the main support of the sellers. After retesting this mark on February 23rd, sellers continued their sharp decline with an ultimate target of $20.81 If buyers fail to gain a foothold above this mark the first time , we will expect a r etest of the range of $27.3-28.3 . It is after the buyers have tested the strength in this range that the LINKUSDT price may continue to rise to the range of $34-35. And then we will look forward to the reaction of the sellers. Correction in the LINKUSD market is not over yet and there is a high probability of another $17 to be tested . However, these are already medium-term targets, according to which the global idea will be made. P.S. Why is there such a possibility? Check out our global BTC idea:
Long
by P_S_trade
23
LINK - 4h. Under what conditions the price will fall by $20?Let's start with the fact that our previous idea has fully worked out. The wave of growth from December 23 is under serious threat. Buyers for 2 months confidently kept the price of LINK. Starting from February 7, the LINKUSDT price began to interact closely with the black trend line. In addition, local highs are not as aggressively updated as, for example, in the period from 6 to 23 January. This is a sign of weakness of buyers . After an unsuccessful attempt by buyers to consolidate above the liquid range of $34-35 , sellers took the initiative. At the moment, sellers have managed to break the trend line, which buyers kept for 2 months: If buyers can keep the price in the local range of $30.6-31.2, we will expect a price rebound to $34-35. That's when it becomes clear what to expect from LINKUSD. Keeping this range, sellers will continue to drop prices to $27.5. From this point, buyers will still be able to try to continue the growth trend. The negative scenario will take effect if buyers do not keep $27.5. in this case, the price will fall sharply to $20. Therefore, we expect a rebound for a medium-term decision. ______________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
Short
by P_S_trade
16
LINK - 4h. The previous target of $28-29 is relevantAfter a strong corrective wave of fall, which began on January 25 in the LINK market, the price moved to local consolidation. Sellers managed to lower the price below the trend line, but this did not result in a sharp drop in prices. As a result, the growth trend in the LINKUSDT market has changed its angle . Buyers are now trying to consolidate above the range of $24-24.5 . Successful consolidation of buyers above this range will open the way for buyers to the range of $28-29. We wrote about this goal in our previous LINK idea : An alternative scenario will take effect if sellers can lower the LINK price below $24-24.5. In this case, we will expect the price to fall to the bottom trend line of the growth channel (mark $22.7) _________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
4
Great Expectations LINK/USD $LINK #link #cryptoHere we see our Weekly Link Usd chart from Binance . It actually just hit it's All Time High again today ! Near $20 .But look to the left hand side of the chart and notice our All Time Low near 13 cents , in late 2017 - over 3 years ago . That means LINK has gone 146x up in just over 3 years ! 146 times up .That's quite amazing and if you're thinking long-term you might wonder what the price of LINK will be in another 4 or 5 years ? Well , many think LINK will easily hit either $100 $500 $1000 or more during this Bullrun year . It's hard to know but if Link hits $100 this time , end of this year ... does that mean 4 years from then we could see a $14600 LINK ? Of course LINK has a higher supply than Bitcoin does so the question becomes more complicated .There's 400 million circulating supply of LINK right now and Bitcoin total supply is only 21 million . But crypto is also growing exponentially with Institutional money investing now . Could it be possible if LINK hits $1000 this time that it then can go up 146x to a price of $146000 in 4 or 5 years ? What a thought !
BINANCE:LINKUSD
by shimmeringpath
9
LINK-4h. The critical point $12.7-13.The new growth trend of the LINK market , which started on December 24, is now being tested for strength. Approximation of the LINK price to historical high and the test of the $18.43 mark provoked the beginning of the correction. Now sellers are testing the local level of $14.13 . Throughout December, this mark was a problem for buyers. It is the fixing of the price above the mark of $14.13 that buyers were able to update the local high. The sharp drop in prices on increased volumes on January 10 shows the prospect of breaking this mark down. The critical point of the buyer trend is in the range of $12.7-13. By keeping this range, buyers will prove their strength and increase the chances of continuing the trend. P.S. The weekly timeframe shows how buyers kept the price in the range of $12.7-13 for 4 weeks. Loss of this range will send the price in the consolidation range of $10.5-13 for a long time. _______________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
11