LINK/USD: Time to Grow? Great Confirmation Spotted!
Link dropped to a key daily demand cluster.
Based on intraday perspective, the price formed a double bottom formation this morning on 1H time frame,
then a resistance line of a falling wedge pattern was broken with a bullish engulfing candle.
The market may bounce now.
Scalping goals:
30.47
31.8
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LINKUSD
LINKUSD Head and Shoulders ScenarioA bearish scenario for LINKUSD, identifying the head and shoulders pattern that can be drawn on this chart.
The bars pattern placed is very speculative
Long term I really think LINKUSD will increase. This is more of a short term scenario.
This is the opposing scenario, in which LINKUSD recovers easily
Both share a common uptrend. The trendline up is the point of interest in both posts.
LINK BREAKOUT, LONG @ $31.14, TP = 69.8, R = 6.28Long LINK at $31.14 with recent BREAKOUT and support with resumption of the trend as we bounce above the high of the last candle support test low. This signals another BUY signal along with the curling UPWARD of MACD and breaking above ZERO line on MACD. Finally MACD also breaking out of wedge with upward momentum. Upside Target Price = $69.8. SL = $24.988
Chainlink ready for $48 according to these specific patterns.Hello all. looking at chainlink on a daily timeframe we have two patterns that are primed to play out in a very short time. first pattern is the ascending triangle which is a bullish pattern. The breakout for this pattern will put link at $48. Second, the cup and handle pattern gives us two possible breakout targets target 1 $40 and target two $48. both ascending triangle and cup and handle patters gives us a price target which also correlates with fib 1.6 level, again at $48. Overall Chainlink remains bullish as it trades in this yellow rising channel, above the 50 EMA, and gets very close to braking out one of these patterns as there is little room left for consolidation. Thanks for reading. Enjoy.
LINKUSD D2: THE BEST Level to BUY/HOLD 400%+ gains(SL/TP)(NEW)Why get subbed to me on Tradingview?
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LINKUSD D2: THE BEST Level to BUY/HOLD 400%+ gains(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: LINKUSD D2 chart review
::: updated/revised outlook
::: overall strong chart
::: BULL FLAG pattern
::: focus on buying lower later
::: final swipe lower possible/likely
::: but then expect MASSIVE GAINS
::: chart looks good /strong
::: still valid today / great setup BULLS
::: BULL FLAG setup with massive upside
::: still expecting pullback off the highs
::: get ready to BUY LOW later
::: accumulation in range previously
::: then we had 450% gains PUMP
::: we had 2 pumps already before this
::: 450% pump - pullback
::: then 450% pump and now pullback mode
::: expecting short-term pullback
::: BULLS get ready to BUY after pullback
::: TP bulls is +400% gains later
::: expecting decent gains soon
::: 30-40% pullback short-term
::: recommended strategy: BUY/HOLD after pullback
::: TP BULLS +400% gains
::: 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
::: Sentiment short-term: BEARS/PULLBACK
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.
Where should I sell LINK ? As you can see in the chart, Fibonacci converges in three timeframes daily and weekly. These are great sales areas for medium-term traders.
Note that the best analyzes are not necessarily the most complex!
This is my personal analysis based on my trading experiences and spirit and is not a financial recommendation for you.
Targets:
44.3826
52.72
94.38