LINKUSDT 1HLINK RSI indicating exhaustion of selling forces, is below the MM200 which indicates that an impulse of buying force may come. From the 13th to the 14th of December it accumulated, which is not normal for LINK movements, which always produce broader movements. The search for the cloud is inevitable, which gives us a good prognosis on the 1H chart. Here are the supports and resistances:
S: 6,585 / 6,527 / 6,450
R: 6,703 / 6,780 / 6,852
LINKUSDT
link usdtThe trend is returning, the price is at very good point
But I suggest that if you are looking for long , wait for a shadow with good volume under the purple line FOR BETTER CONFIRMATION AND GOOD R/R
RSI LOOKS GOOD
BREAK THE YELLOW TRENDLINE EASILY
STRONG MOVEMENT TO UP SIDE
TWO GOOD SADOWS TO DOWN SIDE THAT COULDN'T BREAK THE GREEN LINE
WITH 3 GREEN CANDLES IN 2H TIME FRAME 2 FIBONACCI LEVEL BREAKED REALLY EASY
FAILED TO PUT A NEW LOW
VALID VOLUME ON BIG GREEN CANDLE
NOT A FINANCIAL ADVICE
LINK: Sideways ChannelChainLink (LINK) technical analysis:
Trade setup : Price broke back below $7 and 200-day moving average and appears to be trading in a Sideways Channel ($6-8). Swing traders could trade the channel: Enter near $6 support and exit near $8 resistance. Recent rally was driven by lanch of staking service.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance : Nearest Support Zone is $7.00, which it broke, then $6.00. The nearest Resistance Zone is $8.00, then $9.50 – $10.00.
LINKUSDT 1HLINKUSDT
It should pull back to the lower edge of the keltner channel at $6,812 and make a pulbak towards MM200 which stands at $7,029 today. The link in recent days has made a good correction, but I believe it is temporary and from Monday when the market starts to have greater volume, it reacts positively.
Follow support and resistance
Supports: 6,812 / 6,736 / 6,694
Resistances: 6,965 / 7,029
Link in accumulation modeDespite the cryptocurrency market being in a turmoil lately, COINBASE:LINKUSD maintained its current support level for more than 6 months. Following the BINANCE:LUNAUSDT collapse, link like most of the cryptocurrency market had put a new low. However, what's intriguing is, unlike other cryptocurrencies it has actually held that low quite strongly, with occasional visits every now and then, yet always followed by swift recovery. It seems that link has entered in accumulation mode and is preparing for the next cycle. The possibility for a new low still remains, but I believe even if we put a new low, it wouldn't be far off from the current one, and with that been said link offers now a lucrative buying opportunity.
$LINK - TRADING OPPORTUNITY. Short Term, 4H Chart.$LINK - TRADING OPPORTUNITY.
Yesterday we posted a bearish 1D Chart for Chainlink. But in the short term, I'm expecting some upside.
This is the EXACT trade I'm taking. (4H Chart)
The SL shows the Stoploss, and the green supply box is where I'm looking to sell!
#LINK
LINK into an OBLINK is currently into a 15min OB I identified weeks ago. RSI and OBV show signs of bearish DIV but I think that we can't rule out the possibility that BTC goes up to 17.9-18K before dumping again. If this happens LINK might take the green path, if BTC stops around 17.5-17.6K then yellow path is more likely.
LINK is currently ranging between those two dashed lines, it has been ranging since beginning of June so to pump on HTF I'd expect a sweep below the lower liquidity line and then a spring effect.
Please be aware that I just speculate on the possible path, not the timing.
Use SL when margin trading!
Good luck!
LINK: Bullish Resistance BreakoutTrade setup : Price bounced off of $6.00 support zone, which also held up in June and July and broke back above $7.00 resistance and 200-day MA, with big volumes, which could signal trend reversal with upside potential to $8.00 resistance.
Trend : Uptrend on Short-Term basis and Downtrend on Medium- and Long-Term basis.
Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $6.00. The nearest Resistance Zone is $7.00, which it broke, then $8.00, and $9.50 - $10.00.