LINKUSDT LONGSo on LINK on the 15 minute timeframe a nice LINK entry appeared. The most recent contraction on the 4 hourly chart was on the level of 6.895, and this area could act as a value line.
An Uptrend has begun on the Super trend indicator and there is also an double bottom, Perhaps it can touch the value line again?
TP1: 6.265
TP2: 6.485
TP3: 6.703
TP4: 6.895
SL: 5.790
LINKUSDT
LINKUSD D1: 30%+ CORRECTION WARNING TP 4.00(SL/TP)(NEW)Why get subbed to me on Tradingview?
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LINKUSD D1: 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 daily/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
::: backtested wedge breakout
::: 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.
LINKUSDTHello Dear friends
In the previous rising trend, the range was completely consumed, but HH it was not formed for us.
Currently, due to the range and negative divergence of the RSI combined with the harmonic pattern, the probability of breaking the upward trend line is high.
Keep in mind that we will be issued a process change confirmation when the orders are fully consumed in the range of $6.92. The condition for continuing the downward trend to the specified range is not to consume orders in the range of $8.228.
We would be happy to hear your comments
LINKUSDT DThe LINK in the daily, since the 10th of May, has formed a rectangular accumulation zone where the top is 9.3 and the bottom 5.4.
It needs to break this accumulation hard at the 9.3 zone to resume the broader bull move. What helps LINK beyond its fundamentals and updates is the RSI which demonstrates exhaustion of selling forces.
Here are support and resistance:
S: 6.0 / 5.4
A: 6.9 / 7.5 / 9.3
LINKUSDT trading strategyFor the last six months, the LINKUSD price has been in a broad consolidation range of $5.5 - $9.5.
Fundamentally speaking, Chainlink was always on top of the Oracle category and has been accumulating for quite a long time now.
In our opinion, LINK will continue to consolidate in the range of 5.5-9.5 in the short term; and it can go up to 12$ or $18 in the mid to long term.
Two trading strategies can be applied here:
1. Trade the Sideway:
Swing traders can enter a LONG position at its local support of $5.5- $6 and enter SHORT at its local resistance of $9. I myself have made a limit order of buying LINK at $5.5. Hopefully, it will get filled.
2. Trade the Breakout:
For more precise decisions, traders can wait for a confirmed breakout of either side to enter a trade. This strategy will bring less profit but can give you a better chance at winning.
Choose a strategy suitable to your preferences and stick with it. Remember, always trade at your own risk, and never risk more than you can afford to lose.
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
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