LINKBTC new shortPrevious short (related idea) i followed for 5 monthes and 8 days,
We had reached the 0,000225 target today.
But with the development of trend, I found that we have a potential downward wedge, in which wave E corresponds to the corrective wave 4 of the previous driving wave 3.
I expect we will push the support around the end of july, but these patterns sometimes have a false break, so we may bottom a little earlier.
Also i have alternative calculations marked by vertical lines - middle of October or middle of December.
Linkshort
LINK → Chainlink Potential Triple Top! Short Scalp Opportunity?Chainlink has been attempting to break the $16-$17 range since November 11th and has failed there times. After the crypto sell-off on January 3rd, Chainlink made one more attempt but fell short at $15.75. With that lower high, is it time to short?
How do we trade this? 🤔
We have a potential triple top, a doji (one bar trading range) just under the Resistance Zone which is a potential lower high, and a crypto market that's burning hot and likely nearing a strong pullback. To confirm a short entry, we need a strong bear bar closing on or near its low below the Daily 30EMA. Stop loss should be just above the previous high.
💡 Trade Idea 💡
Short Entry: $14.20
🟥 Stop Loss: $17.90
✅ Take Profit: $10.50
⚖️ Risk/Reward Ratio: 1:1
🔑 Key Takeaways 🔑
1. Potential Triple Top Reversal.
2. Doji candle just below Resistance Zone.
3. Look for Bear Candle Confirmation Below 30EMA.
4. Use Low Position Size, 1:1 Risk/Reward Scalp.
5. RSI at 51.00 and above the Moving Average. Indecision.
💰 Trading Tip 💰
There is over a 60% chance of a measured move after the breakout of a major resistance, normally, a trading range. That means the distance from the trading range resistance to the top of the breakout will happen again above the top of the breakout.
⚠️ 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 → Chainlink Dropping from Double Top? Going Down to $10?LINK completed a measured move and attempted to break past the Resistance Zone twice without success. Does that mean we have justification to short?
How do we trade this? 🤔
A low probability, low risk, high reward trade (a reversal) was reasonable after the Daily candle closed on December 15th. That was a strong bear bar closing on its low after the double top, now we're stuck under the 30EMA and having a hard time getting back up.
You can also reasonably short here at a 1:1 Risk Reward Ratio. Your position size should be smaller since we're further away from the justified stop loss position above the Resistance Zone. Shorting to the Daily 200EMA support is a solid target but remember, this is technically a counter-trend trade, so we need to watch every candle for a sign that we're bouncing back toward the upside.
💡 Trade Ideas 💡
Short Entry: $14.150
🟥 Stop Loss: $17.650
✅ Take Profit: $10.650
⚖️ Risk/Reward Ratio: 1:1
🔑 Key Takeaways 🔑
1. Measured Move Complete, Potential Double-Top Reversal.
2. Price fell from Resistance Zone. Reasonable to Short Scalp.
3. Teacup and Handle Pattern did not play out.
4. Far away from Reasonable Protective Stop, Small Position.
5. RSI at 45.00 and below the Moving Average. Bias to Short.
💰 Trading Tip 💰
Your position size should be proportional to your risk and relative to your maximum allowed loss on a single trade.
Example: A $100 trading account using the 1% rule should lose no more than $1 on a single trade. That means if your stop loss is further away, your position size needs to be sized so that your loss equals no more than $1.
⚠️ 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 By HesamUNT ( New Update )hey traders
pump was amazing and we didnt miss that
now im looking for short position around all-time fib retracement lvl in 4H TF
lower Demand zone will b the target
we have 3 TPs in this trade, TP1 is very likely, but we need confirmation at TP2
what u think ?
share ur chart n leave a comment
LINK/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this LINK update from Crypto Sanders.
Chart Analysis:- Chainlink (LINK) was a notable gainer on Wednesday, as the token rose by as much as 9% in today’s session.
Following a low of 9.84 on Tuesday, LINK/USD rallied to an intraday peak at 11.55 earlier in the day. the cryptocurrency climbed to its strongest point since last year when its price peaked at over 12.00.
the latest surge in price has kept the relative strength index (RSI) above the 80.00 level.
the index is tracking at 81.87, which is its highest point since August 2020, which is deep in overbought territory.
LINK is trading at 11.11,
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.
LINK/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this LINK/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- chainlink (LINK) was also in the green rising to a multi-week high of its own.
After falling to a low of 7.26 LINK/USD surged to an intraday high of 7.82 during today’s session.
today’s peak pushed the cryptocurrency to its highest level since August 9.
the rise occurred as price strength moved past a resistance level of 67.00, with a current reading of 67.22.
LINK bulls are now likely looking to hit a ceiling of 8.00, as the 10-day (red) moving average maintains a recent uptrend.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
LINK SHORT SIGNAL H4 Hello friends,
In the Link cryptocurrency, we have drawn a resistance level represented by the red line, which has been penetrated by a spike candle. This allows us to consider a short position on this currency.
I have identified two patterns for the continuation of Link's movement. The first one involves a pullback to higher areas, where liquidity exists. The second one occurs without a pullback, indicating a high selling pressure scenario.
I suggest paying attention to the specified ranges based on your trading setup.
My personal recommendation is to be patient until the trendline is touched.
I would be happy to hear your opinions.
Wishing you happiness, health, and success.
WETH Link Current trade short explanationDue to the institutional experiments using Chain link there was a massive push however i feel the applications and experiments have gathered all the Link they need. Without those buyers I see Chain link falling faster than Eth due to the fact multiple layer 2 chains on top of eth, I expect Eth to hold its value better than LINK UNISWAP:LINKWETH_8FE2C8
At the end of the idea I'm no expert and would appreciate any feedback on this idea!
LINK/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this LINK/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Chainlink (LINK) snapped a four-day losing streak on Monday, despite the global market cap mostly tracking lower to start the week.
Following a low of 7.32 on Sunday, LINK/USD jumped to a peak of 7.54 earlier today.
Monday’s move sees the chainlink edge closer to a key resistance level of 7.65, which was last truly broken on July 30.
an upward crossover between the 10-day (red) and 25-day (blue) moving averages looks imminent.
there is a strong possibility that Chainlink may not only move past the aforementioned ceiling but closer to the 8.00 level.
LINK is tracking at 7.38.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
LINK/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this LINK/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Chainlink (LINK) was back in the red during today’s session, as bulls retreated following a recent three-day win streak.
After moving to a peak of 7.86 on Wednesday, LINK/USD slipped to a floor of 7.57 earlier in the day.
Thursday’s decline sees Chainlink slip away from a move toward a long-term ceiling at the 8.00 level.
One reason for the drop-off appears to be due to a collision with a ceiling of 58.00 on the relative strength index (RSI).
Currently, price strength is at a reading of 57.27, with the next visible floor at the 52.00 mark.
Should bears hit this target, LINK will likely be trading at 7.00.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
LINK/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this LINK/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Chainlink (LINK) was one of Tuesday’s biggest movers, as the price surged by as much as 4% during the session.
LINK/USD hit an intraday peak of 7.42 earlier in the day, following a low of 7.00 to start the week.
Yesterday’s bottom was also a long-term support point, with bulls choosing to reject a breakout on this occasion.
This comes as the 14-day relative strength index (RSI) continued to move away from a floor at the 48.00 mark.
price strength is tracking at 52.20, close to a resistance zone of 53.00.
In the event this level is breached, there is a strong possibility that LINK could move towards 7.50.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
LINK/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this LINK/USD update by CRYPTO SANDERS.
CHART ANALYSIS:-chainlink (LINK) rebounded from Thursday’s losses in today’s session, with the token climbing by as much as 5%
Following a low of $7.17 yesterday, LINK/USD raced to an intraday high of $7.65 on Friday.
As a result of the rally, chainlink once again moved above its long-term resistance at $7.55, hitting a one-week high in the process.
Looking at the chart, today’s breakout coincided with the RSI climbing past a ceiling of its own at 55.00
As of writing, the index is tracking at 57.54, which is marginally below a higher hurdle of 58.00 points.
Should bulls move beyond this point, then there is a good chance that LINK will move toward $8.00.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
LINK/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this LINK/USD update by CRYPTO SANDERS.
CHART ANALYSIS:-chainlink (LINK) was also in the green in today’s session, with prices trading by as much as 7% higher.
LINK/USD rose to a peak of $7.17 earlier in today’s session, after falling to a floor at $6.57 the day prior.
Friday’s rally came after LINK bears failed to sustain a breakout at a long-term support point of $6.60.
However, bulls were able to move past a point of resistance at 50.00 on the RSI, which was one of the catalysts of today’s climb.
As of writing, the index is tracking at 52.71, which is close to a ceiling at the 54.00 zone.
In the short-term bulls may attempt to send the token to $7.50, however, there appear to be several obstacles the way that could prevent this.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
LINKUSD - POSSIBLE SCENARIO #2Just charting a couple different possible scenarios for Chainlink because I'm bored. This is similar to the one I previously posted but with less downside and a lower cycle top. Keep in mind I am not trading this or using this as a strategy whatsoever, just some random TA for me to practice with tbh
LINK - The Bearer of Bad News & Great NewsLink has been hovering around the 0.382 fib retracement for quite a while, tested it 3 times, i never trust the 4th nor the 5th test on a support line.
"Stop talking gibberish and give us the bad news nah"
Bad Nus: $LINK will go down another 80%-90% :D before this bear market is over.
Great Nus: $LINK will be a $1k-$2k token at the peak of the next Bull Run.
- Weekly MACD (Bearish)
- Weekly Pekipek's Divergence BETA (Bearish)
- Weekly RSI (Neutral)
- Weekly Stochastic RSI (Neutral)
- Weekly Cipher (Bearish)
- Weekly OBV (Bearish wtf OBV r u in distribution mode?)