Chainlink continues bearish trend $3.96-$4.20 possible future for Chainlink if support can't hold on second pump to $7.50 area. Long outlook possible retest $9 if this holds pump to $12.
LINKUSD
LINKUSD daily time frame analysis Yellow fib drawn on the weekly time frame. This is the long time frame expected targets.
White fib drawn on the daily time frame. This gives us guidance for the short term targets and possible rejection/volatile levels.
Red boxes are drawn on the daily time frame where wicks are expected to fill during the next pump.
Let me know what you think.
💡Don't miss the great buy opportunity in LINKUSD @ChainlinkTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (7.573).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LINKUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 8.114
TP2= @ 8.449
TP3= @ 9.000
TP4= @ 9.637
TP5= @ 10.398
SL= Break below S2
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💡Don't miss the great buy opportunity in LINKUSD @ChainlinkTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (7.573).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LINKUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 8.114
TP2= @ 8.449
TP3= @ 9.000
TP4= @ 9.637
TP5= @ 10.398
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
LINK to $8.5LINK to $8.5.
Nice breakout and pullback. If bullish market will continue, second target is $18.
LINK MARINES GETTING READYEver since the finish of this textbook falling wedge (), Chainlink LINK has been setting a zone of accumulation.
Only a matter of time before it impulses out of nowhere forcing bottom sellers to fomo back in
Hold my beer pls
----
No financial advice, do your own research, don't be stupid
Link inverted parabolaLink broke out of it's 434 day bearish parabola (in purple). In my experience, that means we have some upside ahead of us.
Keep in mind we're still in a bear market, which means that I see this pump as a dead cat bounce. I believe the price will rise in the next few weeks, crash to a new low in September, then move sideways between ~5 - 10 dollars until the early days of 2024, i.e., right around the time of the next BTC halving. Then we begin a new 1.5 year up only cycle, at which point LINK should pump high as hell.
These dead can bounces can be very profitable if you know where and when to sell. I've marked interesting resistance levels at which I intend to sell.
I've attached my macro BTC chart, and macro LINK chart, for accumulation zones.
LINKUSDT, quick analysis. UpdateHello traders, Everything is clear on the chart for you like always. Monitor the price in circle to enter the position. The trend is still ascending and we have 2 support point but If the support base band is broken, the sell position will be activated.
Good luck.
If you like the idea, do not forget to support with a like and follow me for next analysis :)
Write your comment and opinion below to me
LINKUSD ❕ upward channelLINK trading volumes declined.
Price and RSI have formed a bearish divergence (4H TF)
I expect that the price may continue to decline if the asset fixes below the support level. It is very important to watch the price reaction to the levels as the LINK is moving in an uptrend channel.
$link still ranging | leaning eventual breakoutCOINBASE:LINKUSD still in the pain range, but after a successful abc down for our local w2, i think this ranges up with the rest of the market to setup for a potential breakout to $10.
staking coming up later this year as well.
Link is breaking OutLink breaking out downtrend line,
Long position till $9.
Must use low leverage, 2-3x Maximum. Manage your risk accordingly.
Note: we are not in Bull market.
Chainlink (LINK) - August 10Hello?
Welcome, traders.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a good day.
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(LINKUSDT 1D Chart)
Primary resistance: 9.731
Secondary resistance: 11.064-11.976
Support: 7.411-8.290
If the price holds near 8.290, I would expect a breakout attempt to move above 9.731.
When it falls below 6.7, Stop Loss is required to secure cash.
- Since the RSI and Stoch RSI indicators are entering the overbought zone, it is necessary to check where support and resistance are found when the RSI and Stoch RSI indicators break out of the overbought zone.
Therefore, you need to make sure it is supported in the 7.411-8.290 section.
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** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points.
** Background color of Long/Short-S indicator: RSI oversold and overbought sections
** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry through split trading. It is a short-term investment perspective.)
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LINKUSDprolly something like that tbh
maybe brief rejection at trendline
but overall the way other coins are moving this scenario across the board is looking more and more likely sigh
travelling right now and kinda ceebs w trading (stress while travelling?) but 3 year bear market and overall is seeming less and less likely
global worker shortage? rather than high unemployment, but cost of living is up so speculative spending down?
eth coins been performing but this one kinda lagging comparitively, l2 narrative stronger than oracle rn apparently i suppose
just finished a 3 day hike n v tired so sorry if that doesnt make much sense
weve a cpi tomorrow but from what ive seen potenital for downgrading and restoring investor confidence but thats fairly speculative (source is vague but one of my more trusted ones)
so if this was the case then v ltf dip before resuming uptrend
techically weve got room for the obv to bounce higher and confluence level w ema200 and recent wick and old aug 2020 key level after initial takeoff of oracle narrative
leaning bullish as consolidation appears to be restoring market confidence
LINK/USD I still think that we need to drop lower below 90% from ATH.
I will start acummulating more and more CHAINLINK when we reach blue area.
I want to see strong capitulation candle with a lot of liqudations of buyers before entering in to the market heavily.
LINKUSDT, quick analysisHello traders, Everything is clear on the chart for you like always. Monitor the price in circle to enter the position.
Good luck.
If you like the idea, do not forget to support with a like and follow me for next analysis :)
Write your comment and opinion below to me
LINKLooking at the weekly chart for LINK we can see that 5 up was likely completed. I have marked off in blue a fib retracement level 618% of the entire 5 up and it hits around $1.31.
Looks to me like LINK is starting the X wave now and should no extend price action above $30. A rejection there would confirm that LINK is in a very complex long term correction back down to the 618% level to retest the lows and start a new bullish 5 up after.
LINKUSD ❕ broke up the downtrend lineLINK successfully tested 100 as support (4H TF)
Volumes show signs of resuming growth.
I think that the asset will continue to grow after fixing above the resistance level.
Chainlink Go Up Soon ?LINKUSDT just breakout and retest the Ascending triangle Pattern. If the retest success, LINKUSDT can go up to 9.12-9.276 Area.
✅TS ❕ LINKUSD: resistance level✅✅LINK reached the resistance level and began a reversal. I expect a bounce down.✅
🚀 SELL scenario: short to 6.675.🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Chainlink LINK long Entry Range, Take Profit and Stop LossLINK/USDT
Entry Range: $7.70 - 8.20
Take Profit 1: $9.30
Take Profit 2: $11.40
Take Profit 3: $13.35
Stop Loss: $6.20
we bought the dip
LINKUSD ❕ pivot pointLINK is under strong resistance.
Price is in the overbought RSI zone (4H and 1H TFs)
BB indicator is overbought (4H TF)
I expect that the asset will start to decline after fixing under the support level.
LINK is an active trend line. Review. LINKUSDT#LINK
▪️ Deadline for the deal is 7 days. We buy from the trend line and take the profit.
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