LINKUSD Buy SignalPattern: Channel Up on 1D.
Signal: Buy as the current consolidation is a Bullish Flag resembling the late July 2020 fractal.
Target: 60.000 (just below the 2.0 Fibonacci extension).
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Linksignals
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)
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LINK-4h. The main fight will take place in the range of 13.2-13.On 13 December, LINK buyers managed to break out of the local trend of sellers, winning the right to continue the growth.
The next step for buyers is to fix the price above $12.7. On 13 December, buyers tried to break the range of $13.2-13.5. However, such an attack without increased volumes and constant pressure forced buyers to retreat.
At the moment, new forces are forming in the triangle to continue growing. Therefore, to clearly understand the further movement of the LINK price, it is worth waiting for the retest of $13.2-13.5. In order to choose the right scenario , you should closely monitor the struggle in this consolidation range.
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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!
LINKBTC Time to start buying in two stagesUnfortunately a lot of traders rushed into LINK and bought the August top when in fact there was no confirmation on the long-term charts (1D) neither from the MA200 or the RSI. What do I mean by that? Traders who follow me know that I've been a LINK buyer for a few years now but only on the right levels, as I've been posting on my studies, including those below:
As seen on the chart, every time LINKBTC makes an All Time High ( ATH ), the price pulls back below the previous ATH and touches (some times marginally breaks) the 1D MA200 and then rebounds to make new ATH. The sequence has been repeated several times since 2018, solid enough to make it a reliable pattern. However on the High of July 17, the price rebounded without touching the previous ATH of 0.000566 nor the 1D MA200. So there is a gap to fill there and in fact currently is getting too close to the 1D MA50. Whether it rebounds there or actually touches the ATH too, we can't know, but both definitely make low enough levels to buy. On top of that, the MA200 bottoms have coincided with bottoms on the RSI. As you see the RSI is currently on tha clear Buy Zone.
Take advantage of the above factors and jump on the wagon on time for the most optimal risk/reward ratio.
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And LINK goes on..Four weeks ago I made my latest update on LINKUSD and how it gave a lower buy signal as it always tested its ATH and 1D MA200 before rebounding for a new High:
The current study is basically a continuation of the following idea, as I will try to determine where ChainLink can make its new High:
As you see on the current chart, the dominant pattern is a Channel Up on the 1W time-frame. The current break-out sequence resembles that of June 2019, which 3 weeks after the break-out reached a Higher High on the Channel.
In June 2019 that was on the 3.0 Fibonacci extension. Assuming the rise will be slightly weaker, as was Phase 1, we can expect a High within $24.00 - $30.00. The LMACD is also quite indicative of where we stand.
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LINK making rising wedge patternLINK is making higher highs and higher lows after being rejected from a weekly support level, making a rising wedge pattern.
Usually, Rising wedge pattern indicates a bear movement.
But here in this chart as you can see, the candles in between the two trend lines are respecting the support and resistance of trend lines.
Link is right now at a very crucial stage, as it is below the daily resistance level. It has to break the daily level in order to continue the rising wedge pattern.
Volume as I mentioned in the chart, is decreasing but the movement is upward rising, indication a VOLUME DIVERGENCE. (Bearish Move ahead).
Volume has to increase in order to break the daily level.
82239 is the daily resistance level, it must be broken then next move would be to test the resistance at 85036.
If you want to long, wait for candle to form above daily level, then move could become bullish up to 85036.
I have described both the situations. Now it's up to you to decide.
I don't create FOMO's. I Just try to give you the clear picture so that trading decision becomes easy for you.
I only make these charts for educational purposes. I am not earning anything, FREE TA.
Good Luck.
LINKBTC Should we rush to LINK already?This is a simple chart and food for thought for those who want to rush on to the LINK wagon. You all know I've been a big LINK fan for a few year now and I've been posting my expectations including those below:
This study is attempting to put the question above into perspective using the behavioral pattern after ATH and the RSI fluctuation.
As you see on the chart, every time LINKBTC makes an All Time High (ATH), the price pulls back below the previous ATH touches (some times marginally breaks) the 1D MA200 and then rebounds to make new ATH. The sequence has been repeated several times since 2018, solid enough to make it a reliable pattern.
On top of that, those MA200 bottoms, have coincided with bottoms on the RSI. As you see there is a clear Buy Zone.
Take advantage of the above factors and jump on the wagon on time for the most optimal risk/reward ratio.
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LINK RSI Divergence, End of Uptrend?In the midst of BTC sideways (9300-9000), LINK has shown great performance and reaches a new high. On the 4H chart, I discover a divergence between LINK price and RSI, and I think there is a possibility of an H&S forming.
Hence I am thinking of taking a short with a setup of E:8.22 SL:9.079 TP:7.1
Support my Ideas by giving it a Like and shown your interest for more free signals in the comment section.
Update on the LINKBTC outlookIn May I posted this idea expecting a strong bullish break-out on LINKBTC from its Triangle:
For reference take a look at this too:
It happened as planned and now it is time to give an update as the rise has been very strong and already hit the inner Higher High trend-line (red dashed) of the 2 year Channel Up, which can be seen also as an inner Rising Wedge.
Based on the break-out on the previous Triangle, LINKBTC is either on the first peak (which pulled back to the 1D MA20 and rebounded) or the second and final peak (which pulled back to the 1D MA200 and rebounded). See the blue flags. It is obvious that in any case it is best to wait for a pull back before buying again. As long as the dashed lines of the inner Rising Wedge hold and the 1D MA200 works as a rebound point, the action is 'buy-the-dip'.
For reference, have a look at my November 2019 idea, which played out to exactly as planned:
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Chainlink is about to UNLOCK ( Huge Crypto in PLAY 7.0 Coming?)Hi friends, The printer is about to start printing on Chainlink as a Crypto in play.
I want to say thank you to all those who have been liking my ideas, I really appreciate the love so far, I have come with another good crypto in play but in return I will ask for your likes to keep growing my ministry.
without much stories, here is the pattern discovered and my trade set up.
PATTERNS DISCOVERED
1, Bullish pennant
Pennants are good continuation pattern, the patterns are characterized by a clear direction of price trend, followed by a consolidation or sideways movement or rangebound movement, which is then followed by a resumption of the trend.
2, Cup and Handle
Cup and handle is also a good continuation pattern, that usually forms in bullish markets.
Here is my trade setup
Enter: a "long" trade above the top of the cup level at 4.200
Stop loss : place a "stop" order below the handle at 3.7343
Targets: target 62% to 100% of the cup depth 7.3
Take profit points:
4.9760
5.4938
7.3171.
Thank you for liking this post idea and for following my work.
LINKBTC Break-out Buy SignalPattern: Rising Wedge within a Channel Up, +2.5 years running.
Signal: Bullish as the 1D MA200 held twice within the Rising Wedge. Confirmation comes when the Triangle Lower Highs (inner) break.
Target: 0.00075 (below the Inner Higher Highs trend-line of the Rising Wedge).
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Previous buy signal on LINKBTC followed the pattern to perfection:
LINK - Scalp longLinkmarines were able to keep the price of support. Level $3.8 held, we did not get a close below. And it looks like a bullish retest. I'm long here with $4.5% target, will add at $3.9 if we get rejected off $4 again.
I have an algo running on LINK, it's still long:
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
LINK - Update over my summer update.From a closer view and taking into account our last update (see attached idea with green RSI arrow and do not forget to give a like), millions of scenarios although the ones I like the most are these:
1.- The price action breaks the resistance at 4.09 and continues to rise to the next fib level, at 4.73
2.- The price cannot break and follows the lateral trend of these days of the crypto market
3.- We retest the support of 3.60 and some how expecting more sideways if not a bigger correction.
What is your side here?
Thanks!
LINK - Long Scalp, 29 days of ranging marketDid not touch LINKUSD for a while, but there's no much to say here. It has been ranging for 29 days.
Long scalp here is more favorable for chainlink; trying to catch knives at $3.4 looks like a decent scalp idea.
ps. POP strategy holds long from $3.72 all this time ¯\_(""/)_/¯
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.