LINKUSD: Was It a Fake Bullish Breakout? 😱 | Nov. 25, 2022This week, we will stick to the 4-hour time frame to analyze the price action in detail!
It seems like a false bullish breakout was seen earlier this week following which a strong rally was witnessed. Seems like the price will soon approach the next resistance situated at $7.35. If the resistance is reclaimed by the bulls, traders can expect a strong rally in the coming week.
Once the resistance at $7.35 is reclaimed, we can see a clear path to the supply zone at $8.51. However, this view is only valid once the price is able to sustain above $7.35.
Traders must maintain caution of the demand zone at $6 because if this zone is broken once again, a sharp fall could be seen. At the time of writing, it looks like we may see a small pullback as the RSI has started falling. Expect the price to test the support at $6.3 before continuing the rally.
The important price levels for this week are $6.3 and $7.35!
LINKUSD
LINK breaking the Rectangle chain - Target $2.63Bear Rectangle with a sideways Range on Link
21 > 7MA Price <200MA
We do see a strong bull candle though, which could save the day (month) but this will be mainly a testing zone.
Target $2.63
The stop loss is tight because, if it touches, the market will turn extremely bullish and will break out of the rectangle and head on up.
for now the bias is bearish unfortunately.
LINK - Once A Castle; Always A Castle! 🏚Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
LINK has been stuck inside a big range in green between 5.0 and 10.0
For the bulls to take over from a long-term perspective, we need a break above the upper bound of the range and round number 10.0
Meanwhile, since we are approaching the lower bound (5.0) we will be looking for buy setups on lower timeframes.
For the bulls to take over from a short-term perspective , a break above the last minor resistance in orange around 6.5
Meanwhile, until the bulls take over, LINK can still trade lower to test the 5.0 zone or even break it downward.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
LINKUSD H8: 30%+ CORRECTION WARNING TP 4.00(SL/TP)(NEW)Why get subbed to me on Tradingview?
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LINKUSD H8: 30%+ CORRECTION WARNING TP 4.00(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: LINKUSD 8hours/candle chart review
::: 30% CORRECTION WARNING
::: updated/revised outlook
::: distribution in range / weak chart
::: limited upside / expect dump from HIGHS
::: weakness will last for 4-8 weeks
::: LOG SCALE chart
::: not a great looking chart
::: RISING WEDGE BEARS taking over
::: FTX/ FTT bankruptcy will pull crypto down
::: CLEAN REJECTION AT recent highs
::: S/R was re-tested produced WEAK bounces
::: final BOUNCE possible now before DUMP
::: also noteworthy sequence of lower highs
::: recommended strat: MARKET SHORT IT
::: final TP BEARS is 4.00/4.20 usd
::: 40-45% correction possible next
::: 4-8 weeks in November/December 2022
::: right now no upside in this market
::: position traders should wait for
::: better entry prices later after
::: no upside in this market it's game over
::: recommended strategy: SHORT SELL AT MARKET
::: TP BEARS is +40% gains - near 4.00 USD
::: BULLS stay out until correction is over
::: SWING TRADE: SHORT/HOLD IT
::: correction run not over yet
::: good luck traders!
::: BUY and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/CORRECTION/40%
::: Sentiment short-term: DUMP/GAMEOVER
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Chainlink looking for a bullish run of $13 by late October Bottom reached possibly on the weekly chart. May see a retest of $6.40 in the next few days. Futures look promising for chainlink if all goes well we should see $12.80-$13 by late September or Mid October. no technicals here just pattern observations. Good luck and happy trading!
LINK Is Trading Too Close to Support! What's Next? 😨 Nov. 18In our previous analysis, we ascertained if the support at $7.5 is taken out, the price will test the last standing support at $6.2.
At the time of writing, LINK is trading dangerously close to the support at $6.2, and it looks like a breakdown could be seen soon.
If this support is broken, traders can expect the price to collapse to $5.2, which is the 52-week low.
Therefore, traders should proceed with caution until LINK is able to reclaim the resistance at $6.5.
Possible fake out, followed by a HUGE runLINKs chart looks immaculate! Icredible project with competence on board! CHAINLINK has processed over 2 quadrillion USD over just 12 months and with the SWIFT partnership in the making, CHAINLINK may become one of the most valuable crypto projects to exist.
We either bounce from here or from the accumulation zone below, either way it's a good time to start DCAin into your projects of choice. NFA.
Chainlink has between January-March 2023 to make a decision Chainlinks capitulation since it's possible bottom just above $5 has been trying to fight through resistance above the $10 area. Anticipate more of the same unless new news on any further innovations that can be made to boost its value. Chainlink has made headlines but due to current social media hype and media manipulation of what is in store for crypto as a whole, greatly effects and always will effect the current market. Look for a retest to $9.75 area and watch ur bottoms as this could be yet another sign of a bear winter. Look out for a long green candle around $8.90 and a false break above $10. Set you stop loss at $9.25. Just my opinions and not advise by anymeans. Do ur own research. Good luck and happy trading!!!
LINKUSD ❕ between zonesA bullish divergence was formed on the 4H Timeframe.
Price has broken through 200EMA (30m TF)
Chainlink continues to trade between two strong levels.
I expect the current news background to continue to flow in favor of DeFi projects, so once it fixes above the support level, I expect the asset to rise.
LINK: recovery will be slowDuring the previous period, LINK was gaining back investors' confidence and was strongly moving to the upside, managing to reach a $9.0 long term resistance line. However, any sort of higher optimism now must be postponed for a week or two, as the general crypto market is in a state of shock after FTX collapsed. In line with general market sentiment, LINK reverted to the downside during the previous week, reaching minimum level at $6.0 support line. On one occasion the price reached $5.85, however, it was not a significant move for LINK. The price then reverted a bit to the $7.0 resistance line, but still, the coin is finishing the week with more selling orders, around level of $6.2.
During the week RSI reached level of 37. It is still above the oversold market line, leaving some space for the price to go lower, in order for a clear oversold side to be reached. Moving averages of 50 and 200 days continue slowly to converge toward each other, indicating high potential for a golden cross to occur in the near future.
Markets will need a week or two to digest current negative developments. In this sense, it is possible for the price of all coins on the market to move with higher volatility. For LINK there is probability for the $6.0 support line to be tested in the coming days. There is also an equal probability for the $7.0 resistance line to be tested also.
50%+ gains incoming for Chainlink According to chart patterns only. Do your own research . Chanlink seems to be looking to push above previous $9 area. With a temporary retracement to $8 before topping off at/or around $10.90, where there still seems to be minor resistance. Expect a deep pullback at this point.
20% for LINK possibleSimilar setup like LIT before jumped up. Quite strong PA. I like it. Red MA as a next target - this can give us 20% profit. But be careful if FED ruin the party with the news of increasing interest rates today - this can shake with markets. GL
MANAGE YOUR RISK,
NOT A FINANCIAL ADVICE
LINKUSD 2D: 40%+ CORRECTION WARNING(SL/TP)(NEW)Why get subbed to me on Tradingview?
-TOP author on TradingView
-2000+ ideas published
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-before/after analysis
-24/7 uptime so constant updates
🎁Please hit the like button and
🎁Leave a comment to support our team!
LINKUSD 2D: 40%+ CORRECTION WARNING(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: LINKUSD 2days/candle chart review
::: 40% CORRECTION WARNING
::: updated/revised outlook
::: distribution in range / weak chart
::: limited upside / expect dump from HIGHS
::: weakness will last for 4-8 weeks
::: LOG SCALE chart
::: not a great looking chart
::: RISING WEDGE BEARS taking over
::: FTX/FTT bankruptcy will pull crypto down
::: CLEAN REJECTION AT recent highs
::: S/R was re-tested produced WEAK bounces
::: final BOUNCE possible now before DUMP
::: also noteworthy sequence of lower highs
::: recommended strat: MARKET SHORT IT
::: final TP BEARS is 4.00/4.20 usd
::: 40-45% correction possible next
::: 4-8 weeks in November/December 2022
::: right now no upside in this market
::: position traders should wait for
::: better entry prices later after
::: no upside in this market it's game over
::: recommended strategy: SHORT SELL AT MARKET
::: TP BEARS is +40% gains - near 4.00 USD
::: BULLS stay out until correction is over
::: SWING TRADE: SHORT/HOLD IT
::: correction run not over yet
::: good luck traders!
::: BUY and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/CORRECTION/40%
::: Sentiment short-term: DUMP/GAMEOVER
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Chainlink: Partial Decline Supply Line Breakout Update #2This is an Update to this currenly still active previous setup from several weeks ago:
As of rigth now LINK has Confirmed it's Pivot from the 0.618 and has now broken through a serious Supply Line; If it continues up to $9.51 we will have confirmed a Partial Decline which at that point should lead to a Breakout of the Range that could take it to the next Resistance at $27.80
ChainLink - Looking StrongI like this chart of LINK to be honest, nice ranging for some time of consolidation - looks primed for a decent move up.
Breaking the mid-range now to the upside - want this to hold.
Nothing to get too crazy excited about yet, but breaking above this macro (larger) range would be huge, that is what I'm anticipating.
I've watched this same chart for some time and it is respecting levels nicely, grinding up and holding demand.
LINK Marines may just push this one higher.
V
Chainlink (LINK) - November 5Hello?
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(LINKUSDT 1W Chart)
Whether the price can rise above 11.064 and sustain is the key.
(1D chart)
If the price is maintained by rising above the 8.290-8.822 section, it is expected to rise above 9.869.
However, the key is whether it can move above 11.064, which is an important support and resistance point, so you need to think about how to respond.
The reason is that the trend-determining interval is formed over the 11.976-15.374 interval.
If it goes down, you should check to see if it finds support in the 6.7-7.411 zone.
If it doesn't, it is likely to drop to around 4.976.
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** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator contains indicators that indicate support and resistance points.
** HA SRRC indicators are expressed as StochRSI(line), RSI(columns), CCI(bgcolor).
** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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LINK may be breaking up from triangle; nearing daily goldencrossLooking at the weekly chart here to get a better view of this pink triangle’s trendlines. We can’t see on this chart how close the daily charts golden cross is from happening but it appears to be less than a few daily candle closes away from occurring. If this symmetrical triangle confirms its bullish breakout the target is around $11.32- $11.47. Reaching this target would bring price action up out of a much larger triangle that its been in for far longer that has a much larger breakout target to go with it, however we can see the stoch rsi on the weekly chart has ventures into the overbought zone so it increases the odds that when price action first retests this yellow trendline on the way to the target it will encounter it as resistance, same with the descending white trendline as well. The stochrsi is also overextended on the 1 day chart too increasing the probability that price action will encounter resistance along the way to the breakout target that may result in some level of correction. Still always possible it finds a way to break through both of these resistance lines with ease just a lower probability with stoch rsi already in the overextended zone. If it can sustain the breakout and reach its full breakout target then I believe it will sustain the daily chart golden cross and in time trigger the breakout from the much larger triangle pattern as well. *not financial advice*