LINK - The Bearer of Bad News & Great NewsLink has been hovering around the 0.382 fib retracement for quite a while, tested it 3 times, i never trust the 4th nor the 5th test on a support line.
"Stop talking gibberish and give us the bad news nah"
Bad Nus: $LINK will go down another 80%-90% :D before this bear market is over.
Great Nus: $LINK will be a $1k-$2k token at the peak of the next Bull Run.
- Weekly MACD (Bearish)
- Weekly Pekipek's Divergence BETA (Bearish)
- Weekly RSI (Neutral)
- Weekly Stochastic RSI (Neutral)
- Weekly Cipher (Bearish)
- Weekly OBV (Bearish wtf OBV r u in distribution mode?)
Linkusdsignals
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!
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.
LINK : Bearish setup here...Link is trading inside a bearish pennant like pattern and if price breaks below the trendline, Expecting more downside for Chainlink.
Traders can keep manual stoploss of hold above 7.2
LINK is a SLEEPING GIANTThe value potential on LINK is incredible and how could someone not take this opportunity to load up? We are now on the verge of closing above a range that could launch the price to almost 30%. Bullish divergence on the weekly along with all other major timescales as we start to slowly see the tides turning and crypto not following other major markets as they look to be decoupling in some ways….. LINK