LINKUSD H16: 40% gains THE best Level to BUY/HOLD (SL/TP)(SWING)Why get subbed to me on Tradingview?
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LINKUSD H16: 40% gains THE best Level to BUY/HOLD (SL/TP)(SWING)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: LINKUSD 4hour/candle chart review
::: chart still looks good /strong
::: setup still valid as of right now
::: strong V-shape recovery
::: expecting one final pullback though
::: get ready to BUY LOW later
::: we just hit overhead resistance
::: best reload bulls near 6.60 USD later
::: expecting 40%+ bull run
::: re-test of sliding S/R line
::: near 9.40 USD also 1.62 extension
::: BULLS accumulate / WAIT FOR PULLBACK / BUY DIPS
::: expecting short-term pullback
::: BULLS get ready to BUY after pullback
::: TP bulls is +40% gains later
::: 9.40 USD is revised/conservative TP BULLS
::: expecting decent gains soon
::: 5-10% pullback short-term
::: recommended strategy: BUY/HOLD after pullback
::: TP BULLS +40% gains / 9.40 USD
::: BEST reload BULLS near 6.60 USD
::: TP BULLS is 9.40 USD final exit
::: SWING TRADE: BUY/HOLD IT
::: bull run not over yet
::: good luck traders!
::: BUY/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS 9.40 USD
::: Sentiment short-term: BEARS/PULLBACK/6.60USD
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Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
LINKUSD
LINKUSD Potential for Bullish Continuation | 31st January 2023Looking at the H4 chart, my overall bias for LINKUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market.
Looking for an immediate buy entry at 6.912, with price within an ascending channel and recently reflecting off the bottom of it. Stop loss will be at 6.270, where the recent low is. Take profit will be at 7.808, where the previous swing high was.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
✅TS ❕ LINKUSD: under the resistance area✅✅ LINK formed a double vertex.
The price has consolidated under the resistance area.
I expect a reversal and further correction ✅
🚀 SELL scenario: short to 6.549. 🚀
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Remember, there is no place for luck in trading - only strategy!
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LINKUSD Potential For Bullish Rise to previous swing highLooking at the H4 chart, my overall bias for LINKUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market.
Looking for an immediate buy entry at 6.912, with price within an ascending channel and recently reflecting off the bottom of it. Stop loss will be at 6.270, where the recent low is. Take profit will be at 7.808, where the previous swing high was.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
LINKUSD Futures ( LINKUSD1 ), H4 Potential for Bullish RiseTitle: LINKUSD Futures ( LINKUSD1 ), H4 Potential for Bullish Rise
Type: Bullish Rise
Resistance: 9.580
Pivot: 7.550
Support: 6.580
Preferred case: Looking at the H4 chart, my overall bias for LINKUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Expecting price to break the pivot at 7.550, where the recent high is before heading towards the resistance at 9.580, where the previous swing high is.
Alternative scenario: Price could head back down to retest the support at 6.580, where the 50% Fibonacci line is.
Fundamentals: There are no major news.
LINKUSD Potential for Bullish Continuation | 31st January 2023Looking at the H4 chart, my overall bias for LINKUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market.
Looking for an immediate buy entry at 6.912, with price within an ascending channel and recently reflecting off the bottom of it. Stop loss will be at 6.270, where the recent low is. Take profit will be at 7.808, where the previous swing high was.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
LINKUSDT - About to FACEMELT 🤯Hi Traders, Investors and Speculators of the Charts 📈📉
Altcoins have gained some ground on BTC and the markets are currently taking a breather after continues upside price action. Chainlink, however, has been trading range for an extended period of time. This is bullish according to the Wyckoff Method Analysis; pointed out on the chart to the left. LINKUSDT is currently trading in accumulation phase and a potential parabolic move towards the upside can be expected after a longer period of rangebound trading.
The first large resistance zone is at $14, nearly a 110% increase form the current price just under $7.
While you're here 👀 Checkout this trading plan for SYSUSDT . Syscoin is an altcoin with massive upside potential and currently trading in it's ideal accumulation zone (bargain!) :
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LINK: still space to peak?It was another relatively positive week for LINK. Although the price did not move much to the higher grounds, charts are pointing that investors' eyes are on this coin, which is a good prospect for the future period. At the beginning of the week the price went a bit to the down side, and level of the short term support line at $6.5 but soon reverted back to $7.0 resistance, reaching $7.4 as the highest weekly level.
With the latest move to the upside, the coin did not manage to reach its peak from the beginning of December last year, which was $7.8. It indicates that there is still space until this level is reached. However, the actual target should be $8.0 next resistance line, but it will depend on the market strength in the coming period. RSI is moving between 54 and 64, which is showing that the market is still weighing whether to start looking at the oversold side, or it is still early for such a move. Moving averages of 50 days diverge further from the MA200 counterpart, which is further decreasing the probability of potential cross.
The FOMC meeting is coming in a week ahead, where some higher volatility across the markets might be expected. In this sense, there is equal probability for LINK to either move to the higher grounds and try to test the $8.0 resistance line, or the coin will revert modestly to the down side, at least to the level of short term support line at $6.5 to test it for one more time.
Short-term bullish channel.The resistance in the $6.69 to $7.10 is broken and becomes support. Therefore, the next target of buyers is considered in the resistance range of $7.81. This area could have a negative reaction, but the main resistance is in the $8.3 range.
Reversal patterns on the chart have not yet formed, and the price is inside a short-term bullish channel.
LINK - chainlink short term trading potentialI usually only chart shitcoins, but LINK caught my eye today. Hasn't really grew a lot, bullish divergence on 1D/1W. It has tremendous upwards potential, since its fundamental value hasn't changed. x2 short term is very possible. 12.5 USD... first goal (goals are green). then 17 USD. Not sure about second, but first one is very reachable. support 7USD. (or maybe a little under)
Link breaking above last potential top trendline of triangleIt’s still unclear whether or not link’s macro pattern is more valid as a falling wedge or a symmetrical triangle, however it seems now that we are finally closing daily candles above the last potential top trendline for that pattern. That trendline is most valid on the weekly chart so we still need to close the current weekly candle above the white trendline..after that we should see the follow up weekly candle confirm the white trendline as support on a retest ….if the follow up weekly candle closes above the white trendline odds are very good at that point the breakout will be validated…it may wait until the 3rd weekly candle to start the bullish impulse…or it could come as early as the current weekly candle…will have to see how the next few weekly candles play out. I chose to show this chart on the daily time frame instead of the weekly to illustrate how price action is also now back above both the 1 day 50 and 200 moving averages. If it can hold the daily 200ma as support during the next few weekly closes then the breakout will be confirmed. *not financial advice*
LINK: short correction?In line with expectations based on charts analysis, LINK continued to test the $7.0 resistance line during the previous week. The line has not been clearly breached, due to lower trading volumes and negative news related to Genesis bankruptcy filings. During the previous week markets were much more focused on major coins on the market, rather on altcoins. But, overall, LINK had a solid week.
Two weeks ago RSI reached a clear overbought side, but during the previous week, the indicator was still holding above level of 50. Another move toward the 70 line is unlikely at this moment, in which sense, there is an increased probability that LINK will enter into a short price correction to the downside. Moving averages of 50 days diverge further from the MA200 counterpart, which is further decreasing the probability of potential cross.
Charts are pointing to the potential of a short reversal. However, it should not be expected any sort of significant price move to the downside, rather $6.5 could be tested for one more time. On the opposite side, there is a decreased probability for $7.0 to be breached to the upside, but the coin will start the week ahead by testing this level.
LINKUSD: Should We Expect More Upside Movement? 🥹 | Jan. 13This week, we will stick to the 4-hour time frame to analyze the price action in detail.
The bulls seem to be in control after another strong week. After a strong rally last week, LINK was able to extend its gains to hit a new swing high of $7.1. We can see some consolidation happening now which was expected after the sharp rally that started earlier this month.
In our previous analysis at CoinMarketCap Alexandria, we had anticipated a move to $7.35 - it was almost achieved earlier this week.
The supply zone at $8.51 will become the new target once the resistance at $7.35 is regained. This view is only valid if the price can sustain itself over $7.35.
It is very important for the price to sustain over $6.30 right now, as a breakdown from this level could lead the price to $5.6.
Traders must still maintain caution by waiting for a reversal from the support at $6.30. If a reversal is seen, then the coming week may be more favorable for the bulls!
The important price levels for this week are $6.5 and $7.35!
Link in "bullish" mantra.Hello again, I do not forgot on Chainlink fans.
I will update this chart. It's good to have some Defi king in future bag.
Especially, when its CEO is one of few really suspicious as Bitcoin founder ( Satoshi ) ;- )
However Link is still in pure downtrend with some higher lows and highs.
potentially aiming to 382 Fibo in my mind, where would be bottom at the support of this channel.
Like Bitcoins, we should see some pivot ( maybe higher ) first. But without any guarantees.
This time, I like to focus on my target, as far it seems the same with BTC, ETH , etc...
I just can't find any imporatant high crypto margets above are at the moment...
I will believe later, when Chainlink hits 3 Dollar teritorry.
It is , how it is and would change in near future.
Always with care and ready,
Emvo.
*This is not any financial advice.
LINK Daily Outlook### 🌐 Chainlink **(LINK) $**6.508 **(+0.59%) - Bullish Outlook 🐂**
**LINK Overview:**
- ***Closest daily support zone: 6.823 - 6.754***
- ***Closest daily resistance zone: 6.899 - 6.982***
- ***Key Level: 7.7462 (Monthly Close of Jul. 2020)***
Congrats to those who got on the first ride. LINK is currently awaiting the next breakout which is around 7.27 based on various daily close points and fibonacci levels.
**LINK Daily Resistance zones**
1. 6.899 - 6.982
2. 7.077 - 6.270
3. 7.483 - 7.847
**LINK Daily Support zones**
1. 6.823 - 6.754
2. 6.614 - 6.455
3. 6.357 - 6.082