Chainlink Trade (High Risk)This is a really high risk trade but I like these springboard patterns they have high hit rate for me.
Every time LINK has dropped under 5.8 it has been bought back up pretty quickly.
The 12hour time frame has caught these divergences pretty well and we just confirmed another one with the last candle.
So what do we have :
1. LINK extreme oversold zone RSI under 40
2. Bullish divergence on 12h
3.Springboard setup
4.Max Fear in the market
I take the trade
Stop loss last swing low 5.6
LINKUSDT
LINKUSDTmonster accumulation zone and its sitting towards the low of that zone
looks similar to other coins that have a cyclic different thing going on to btc and eth
aka coins that underperformed in the 2021bullmarket but performed well in the 2020 bearish times
just an alternate cyclic timing
anyways looks quite similar to LTC accumlative zone pre breakout
LINKUSDT Falling WedgeOn the 4 hourly chart there is a huge falling wedge on Link but also had a contraction and expansion.
A breakout could be due soon, but the overall sentiment right now in crypto isn't the best and it had a violent pump right above the 6.1 USDT value line (LINK).
and is struggling on resistance right now, personally, I'm keeping Link in mind as a swing trade.
I think that LINK can test the support zone of 5.67 - 5.926 one more time and get a tighter range before breaking out
LINKUSDT - SETUPChainlink's price is ranging between 5.50$ to 9.70$ for more than 6 months. Both participants of the market played a balanced role in the range market. Requires more effective effort to break this range from both sides. So we can expect a good rally towards 13.0$ if bulls manage to break above.
LINK breaking the Rectangle chain - Target $2.63Bear Rectangle with a sideways Range on Link
21 > 7MA Price <200MA
We do see a strong bull candle though, which could save the day (month) but this will be mainly a testing zone.
Target $2.63
The stop loss is tight because, if it touches, the market will turn extremely bullish and will break out of the rectangle and head on up.
for now the bias is bearish unfortunately.
LINKUSD H8: 30%+ CORRECTION WARNING TP 4.00(SL/TP)(NEW)Why get subbed to me on Tradingview?
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-2000+ ideas published
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-before/after analysis
-24/7 uptime so constant updates
🎁Please hit the like button and
🎁Leave a comment to support our team!
LINKUSD H8: 30%+ CORRECTION WARNING TP 4.00(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: LINKUSD 8hours/candle chart review
::: 30% CORRECTION WARNING
::: updated/revised outlook
::: distribution in range / weak chart
::: limited upside / expect dump from HIGHS
::: weakness will last for 4-8 weeks
::: LOG SCALE chart
::: not a great looking chart
::: RISING WEDGE BEARS taking over
::: FTX/ FTT bankruptcy will pull crypto down
::: CLEAN REJECTION AT recent highs
::: S/R was re-tested produced WEAK bounces
::: final BOUNCE possible now before DUMP
::: also noteworthy sequence of lower highs
::: recommended strat: MARKET SHORT IT
::: final TP BEARS is 4.00/4.20 usd
::: 40-45% correction possible next
::: 4-8 weeks in November/December 2022
::: right now no upside in this market
::: position traders should wait for
::: better entry prices later after
::: no upside in this market it's game over
::: recommended strategy: SHORT SELL AT MARKET
::: TP BEARS is +40% gains - near 4.00 USD
::: BULLS stay out until correction is over
::: SWING TRADE: SHORT/HOLD IT
::: correction run not over yet
::: good luck traders!
::: BUY and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/CORRECTION/40%
::: Sentiment short-term: DUMP/GAMEOVER
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.
LINK LONGWatch out for Bitcoins direction....
The market is shaky and waiting for a big move. Everyone is waiting for 6-10K Bitcoin - I'm not so sure. I believe in Link in the long run. Looking at Bitcoin's direction, break to the upside and I go long LINK. Disclaimer - LINK is one of the coins I like to DCA into. So I will hold it even if Bitcoin start dumping.
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 USDT | potential +30% up #LINK/USDT
🟢Entry price: 6.3 to 6.1
🎯Targets:
|> 6.83 (Sell 40%)
|> 7.1 (Sell 30%)
|> 7.8 (Sell 20%)
|> 8.6 (Sell 10%)
🔴Stop-loss: 6 (closing 1D candle under stop-loss)
➡️Recommended risk: 0.25%
➡️Recommended Position Size : 5%
please note that due to the current market situation this trade signal is considered risky, so we must stick together to the stop lose and risk management strategy and not to gamble with our money.
stay safe and trade safe
thank you!
#Chainlink is up 20% in 5 months, will LINK drop below $5.5?Past Performance of Chainlink
Chainlink prices have been edging higher after losses of June 2022. As an illustration, the token is up 20 percent from June 202 lows at press time. Despite the confidence, sellers have been resilient and unwinding all attempts of higher highs, per the development in the daily chart. In the days ahead, how prices react, especially at $5.5, would shape the medium to long-term trajectory of LINK.
#Chainlink Technical Analysis
There are attempts at higher highs in the LINKUSDT price action, visible in the daily chart. At spot rates, LINK prices are steady and within the November 9 bear candlestick. Overall, LINK is within a bear breakout formation, slumping below the multi-week trend line connecting monthly lows from June through to October 2022. The November 8 and 9 bull bars are also engulfing, cementing the preview of sellers. Per the candlestick arrangement in the daily chart, sellers can double down, targeting $5.5 whenever there are weak attempts to retest November 9 highs at $7.8. Buyers will only be in control if there are sharp, high-volume gains above $7.3 and, ideally, $9.3. If not, losses below the current consolidation at $5.5 may see LINK drop to $4.5, even lower.
What to Expect from #LINK?
LINK bears are in control, taking charge from an effort versus result perspective. The immediate resistance line is $7.3, while the support is $5.5. As bars band along the lower BB, Chainlink might likely register new 2022 lows.
Resistance level to watch out for: $7.3
Support Level to watch out for: $5.5
Disclaimer: Opinions expressed are not investment advice. Do your research.
Preparing for Big Chainlink TradeTime is coming , we are approaching October 2022 and when October comes and this 3.618 Time Fib hits we are going to get a candle breaking us out of this triangle.
It is in fact Chain link time fib count on the LINK/BTC dominance that started to unlock this powerful fib time sequence for Bitcoin and link itself check it out below.
It is still a 100% win rate fib count to this date , yes 100% check it out , last count did not act as pump but showed us a LINK bottom.
Come October we will get a breakout of the Dominance I expect .
Chain Link Fib Count
.0618 - This date is important because it's when Link hit 20 dollars for the first time, it was an important level to hit that resulted in over 140days of consolidation.
1.618 -All time high , yes this fib count lands right up there .
2.618 - This was a major pivot point down for the link which confirmed the bear market because it created its first lower low on the weekly.
3.618- First week of October 2022 , this could be the week Link starts increasing in momentum.
I go over this in more detail in the TA below .
Not only do we have this insane Fib count for Chain Link but if you check the TA below and press play you will see something amazing unfold.
The game plan is as follows , stock up on x3 leveraged tokens on FTX exchange ,they are one of the few that offer LINK tokens x3 , we ride it up to 24-30 dollars from October 2022 to February 2023 , no funding rate fees, no liquidation number to think about just sit back and let it ride.
I have a lot of confidence trading Link fib time sequences so we going big on this one no holding back.
Waited 539 days for this moment (LINK)The moment has finally come after waiting since Chainlink cycle peak May 10th 2021, its been 539days of downwards(since Cycle peak ) resistance on the dominance but finally we have a clean break.
This chart has showed us the future step by step and has been correct all the way. This Fib time Chainlink count has been correct for years now.
This was the strongest clue for me that the bottom was in for crypto , the last fib count on May 23rd 2022 signaled a bottom for the dominance and for the price of chainlink.
out of all the evidence that came in that the Bitcoin bottom is in , well atleast the "first" bottom , this was the chart that confirmed most things for me .
The time fib count yet again happen to be a important moment for chainlink showing that chainlink bottomed around this time.
Since August 2020 link has been moving down in domaince vs Bitcoin but finally we have had a major breakout which should signal a big move for Chainlink price since historically thats that what happens when dominance goes up.
There is another Time Fib count im following on chainlink aswell but this time its on the price chart check it out below.
What is also very interesting is that the 618 fib is where chainlink cycle peaked, so is it possible that we going to make a move up to 618?
Its been an amazing couple of years using this Fib count for Chainlink and as each count passes the time for the next extends so the next date is April 2024! .
20% for LINK possibleSimilar setup like LIT before jumped up. Quite strong PA. I like it. Red MA as a next target - this can give us 20% profit. But be careful if FED ruin the party with the news of increasing interest rates today - this can shake with markets. GL
MANAGE YOUR RISK,
NOT A FINANCIAL ADVICE
LINKUSD 2D: 40%+ CORRECTION WARNING(SL/TP)(NEW)Why get subbed to me on Tradingview?
-TOP author on TradingView
-2000+ ideas published
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-before/after analysis
-24/7 uptime so constant updates
🎁Please hit the like button and
🎁Leave a comment to support our team!
LINKUSD 2D: 40%+ CORRECTION WARNING(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: LINKUSD 2days/candle chart review
::: 40% CORRECTION WARNING
::: updated/revised outlook
::: distribution in range / weak chart
::: limited upside / expect dump from HIGHS
::: weakness will last for 4-8 weeks
::: LOG SCALE chart
::: not a great looking chart
::: RISING WEDGE BEARS taking over
::: FTX/FTT bankruptcy will pull crypto down
::: CLEAN REJECTION AT recent highs
::: S/R was re-tested produced WEAK bounces
::: final BOUNCE possible now before DUMP
::: also noteworthy sequence of lower highs
::: recommended strat: MARKET SHORT IT
::: final TP BEARS is 4.00/4.20 usd
::: 40-45% correction possible next
::: 4-8 weeks in November/December 2022
::: right now no upside in this market
::: position traders should wait for
::: better entry prices later after
::: no upside in this market it's game over
::: recommended strategy: SHORT SELL AT MARKET
::: TP BEARS is +40% gains - near 4.00 USD
::: BULLS stay out until correction is over
::: SWING TRADE: SHORT/HOLD IT
::: correction run not over yet
::: good luck traders!
::: BUY and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/CORRECTION/40%
::: Sentiment short-term: DUMP/GAMEOVER
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.