LINK is going to reach 8.7$LINK was in a falling wedge pattern. The pattern Was a Bullish Pattern and now Price has made a Break out.The Break out will determine the Trend and Means the Price is gonna Increase and Reach the top of the Falling wedge pattern. The Expected Price is around 8.7$
-LINK was in a falling Pattern.
-break out Has Happened
-The Expected Price is around 8.7$
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
Thank you for seeing idea .
Have a nice day and Good luck
LINKUSD
LINK MARINES GETTING READY FOR LAUNCHFinally we're there!
Holy Moly, look at that triangle which finishes this big booty correction with a beautiful 5 wave structure. Its kind of the same pattern as for NEO and many other coins.
Minimum short term targets are huge already. Possible targets later in case of an impulse are m00n-style.
Lets watch his it develops
Hold my beer pls
----
No financial advice, do your own research, don't be stupid
[ALTCOIN]LINKUSDT ANALYSISHello, everyone
We're a team that specializes in chart analysis
We will always analyze and provide you with charts to help you sell
There are so many trading laws and there are so many good technologies that come with them, but I'm confident that the trend line is really strong.
If you read the point of view and get to know the line, every line will adjust
Thank you.
------------------------------------------------------------------------------------------------
Chart Analysis Content -
Currently, the candle is pushing up the Order Block zone.
LINK.d broke down from a major ascending channelLooking at the dominance chart, we can see that a 3 year old ascending channel has been broken down with a failed retest. The measured move and the 1.618 fib extension are confluent at 1.7 Billion which is equivalent to 5 dollars on the USD pair.
The USD pair chart also shows a breach of a longterm diagonal support.
Currently the RSI rests at historic support. Link might bounce to retest the channel. A breakdown of the RSI historic support will confirm a move to $5.
Previously I was very optimistic about LINK but the break drown from the channel shows a lot of weakness in the coin currently. LINK did not perform in the recent ALTS runs as good as other ALTS. LINK had a stellar 20x run after March 2020, but was unable to garner the same interest afterward.
LINK/USDT - Potential Short ScenarioHello Traders!
LINK movement within the descending trend began to accelerate, which may indicate the soon completion of the falling phase.
If we take the correction of the cryptocurrency index (Bitcoin) to $20,000 - $22,000 as a basis, we can assume that the zone of interest of buyers will be below the current price marks.
A suitable price range for asset recruitment in the medium term would be the in the $2.83 - $4.60 zone
We should start the intake of the asset closer to the support level of $2.83, in the range of $2.83 - $3.32.
The profit-taking targets in medium-term purchases will be the price levels of $6.86 and $8.38
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
LINK UPDATE - POSSIBLE BUY AREA - $4.50i've been following LINK for a while now and when you think it can't go any lower, it does.
i still believe we get another leg down to the $4.50-$3.85 area before we start to trend up
why do i think this? a couple reasons 1) we have a hidden bearish divergence on the daily chart (price = lower high and RSI = higher high) and 2) equities are set to dump again today after trying to make a comeback the day prior
no clue that this happens but worth sitting on the sidelines until we have clear direction before taking a risky position here
not trading advice, just my thoughts
tjg
LINKUSDT Rebounding to $11.50 is a real possibility*** ***
For this particular analysis on LINK we are using the LINKUSDT symbol on the Phemex exchange.
*** ***
The idea is on the 1D time-frame where LINK (LINKUSD) is consolidating ever since the May 12 low and the short-term rebound that followed. On a more long-term perspective though, the price seems to be repeating the consolidation of early December 2021, which was also formed after the December 04 Low rebound. The RSI sequences are so far identical and both MACD levels are after a Bullish Cross.
This December 2021 consolidation led to a 0.618 Fibonacci retracement level test. That is currently a little over $11.50 and is our target on a two month horizon.
--------------------------------------------------------------------------------------------------------
Please like, subscribe and share your ideas and charts with the community!
--------------------------------------------------------------------------------------------------------
Chainlink at a fork in the roadSitting at $7.60 resistance, chainlink looking to test $9 but having difficulty doing so. Possible retest of support around $6.50 if it doesn't break upward. Watch out for the false break higher. Keep an eye on the candles. Watch out for long candles in the current stagnant trend, if that happens expect an inevitable retracement depending on the direction.. expect a hard retrace lower to an unbelievable $4.80 not currently looking that way but keep an eye on your tops and bottoms.
Chainlink bullish post recessionThe Chainlink ecosystem has backing from strong investors and because of its track record of surviving an strong downtrend in 2018-2019 could Chainlink be a sleeper pick for the next bull market post this current recession.
Chainlink is a blockchain oracle built on Ethereum and is therefore an important technology in the blockchain world and it could therefore be a long term stability and long term validator for the future.
So even if the price of Chainlink would drop massively would this coin not crash as the technology and its fundamentally strong product.
LINKUSD Short ScenarioMarket is in overall downtrend, but in 1h timeframe we can see an upwards correction, market already formed a main lower high, which means we should see a break of a correction structure, retrace back to it and down a downfall of a price at least to a recent main lower low.
Entry: 7.29 (After break and retest)
Invalidation: 7.98 (Above main lower high)
Target: 5.56 (Main lower low level)
Key points to look for on Chainlink Chainlink looking for support @ or near $17-$18 range. Keep in mind on both the 4hr And Daily Chart , There is a possibility for a significant retracement to $14 range. All this is only plausible if the formation of a triple top/ head and shoulders start to form. Things are looking up for Link either way. Take profits along the way to $23 and just take note of previous trending this past December. This may just be a similar fakeout to a higher high.
LINK/USDT : Aiming for Lows at $1.60 BINANCE:LINKUSDT
Hello everyone 😃
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
$LINK has broken below the current support zone and it just retested the broken zone.
Now There's an opportunity to take Short on $LINK with an invalidation above $8.50 as full body candle close!
But the remained risk is much more than the most possible safe risk RN.
So That's why I mentioned the second entry as the safe trade below $4.60!
If we get the closings below $4.60 then I would locate my Short on a proper retest of the broken line and aim for $1.60 where the lows are located on...
📚 There's an early sign of bearish momentum; If we get the weekly close below $28800 on $BTC's price, Then you can take Short on every coin you wanted to ;)
Hope you enjoyed the content I created, You can support us with your likes and comments!
Attention: this isn't financial advice we are just trying to help people with their vision.
Have a good day!
@Helical_Trades