LINKUSDT
Link - Long Risky TradeFor today we have prepared the following trading idea with which we are aiming at taking advantage of a possible upwards movement in Link. This time though, we have left the risk parameters more fluid, which are to be based on your risk appetite. Reason for this is that on one hand we are applying leverage of up to 20 to the trade and also having ambitious exit goals.
LINK — LONG
Entry: current market
Targets: 20% | 30%
Leverage: 20x
SL: based on your risk appetite
LINK PERSONAL ANALYSIS IN THE SHORT TERM (WOW, POTENTIAL!)The total evaluation for the LINK asset is bearish, however a sudden dump would almost always warrant a potential re-test of the said lost support. We have 2 confirmation candles on the daily signaling a potential reversal as well as the amazing volume profile range to indicate that we are currently sitting at a valuable support of 6.80-7.20$. We probably wouldn't see any extreme dumps for a while considering how the SP500 and the NASDAQ (despite their mega bearish scenario) will often retrace before a further dump.
Please be mindful of your risk, go to sleep with a stop loss so you won't suffer any forms of insomnia or paranoia.
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LINK - Scenarios A B C Link, ahh good old Link. How have you been, tough year hey? Well, good thing is you're still kickin' around despite all this blood on the street.
I haven't charted LINK in a long time, but I feel now it is time again. My thoughts are all written on the chart, clearly, with BOTH short and long triggers.
I don't really care if you agree or disagree and in fact I welcome it, because being a successful trader means having invalidation levels and accepting when you're wrong. In other words, being objective and mature. (I got some trash talk last post from someone who was butt-hurt about the bear market, if you're a positive person I absolutely welcome your feedback, please!)
Anyways, LINK is clearly back into the range, having swept the highs and lows of liquidity. Sitting on support and likely waiting for what ETH and BTC are going to do next. Given it could go either way, please enjoy my long and short scenarios on the chart.
LONG - above a reclaim of $7.80-ish
Short-term Long - Enter on another minor dip around $7 and SL below wicks
SHORT - below losing $6.70-ish
I don't love drawing lines of where price may go, so really I'd just play it level to level and keep it simple. We have the mid-range currently acting as support, lose that we have a bullish order block in green box and obviously below that we have the macro low. It may sound like a lot of support, but if bitcoin tanks LINK is double tanking!
Or we reclaim range high and test resistance, but I would either wait for confirmation to enter (above $7.80-ish) or I'd enter SOON with a tight stop loss below our most recent wicks shown in the "Potential ST Long"
For now mainly chop, no clear setup. Need more PA to develop, as per usual.
Get your 8 hours of sleep tonight Anon!
Cheers
LINKUSDT sk analysis signal idea Market in our buying orange zone which in considered as big zone so will wait for formation on small bulls sequence and we can trade the BC area RR 3:1 on the other hand we have to take in consideration the yellow zone which is the corrective zone for bears sequence starting from the higher point
LINKUSDT Forming Bearish PatternLinkusdt is forming BEARISH BAT Harmonic Pattern.
The Bat pattern is a retracement and continuation pattern that lets you enter a trend at a good price just as it is resuming. It is similar to the Gartley pattern but uses different Fibonacci levels.
I have marked the potential reversal zone and targets.
RSI is showing Hidden Bearish Divergence.
Manage your Risk accordingly.
Hit the Boost Button if you like my idea.
NOT A FINANCIAL ADVICE
Don't risk more than 1% on any trade
LINKUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for LINKUSDT
In the present chart, we have R1 as the resistance line that expresses the price was was not able to rise at some points. Also S1 and S2 are our support areas which contain the support of the price at some points. At the moment, we have the fluctuation of price below R1 and we predict it will fall to the bottom of S1 and here we should wait for some confirmation candles in order to have a rising trend to R1. Even it is probable for the price to lose the support at S1 area and have a decline and then start its rising trend upward. In case the price moves below S2, more decline will be waiting for it.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
LINK to $8.5LINK to $8.5.
Nice breakout and pullback. If bullish market will continue, second target is $18.
LINK MARINES GETTING READYEver since the finish of this textbook falling wedge (), Chainlink LINK has been setting a zone of accumulation.
Only a matter of time before it impulses out of nowhere forcing bottom sellers to fomo back in
Hold my beer pls
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No financial advice, do your own research, don't be stupid
Link inverted parabolaLink broke out of it's 434 day bearish parabola (in purple). In my experience, that means we have some upside ahead of us.
Keep in mind we're still in a bear market, which means that I see this pump as a dead cat bounce. I believe the price will rise in the next few weeks, crash to a new low in September, then move sideways between ~5 - 10 dollars until the early days of 2024, i.e., right around the time of the next BTC halving. Then we begin a new 1.5 year up only cycle, at which point LINK should pump high as hell.
These dead can bounces can be very profitable if you know where and when to sell. I've marked interesting resistance levels at which I intend to sell.
I've attached my macro BTC chart, and macro LINK chart, for accumulation zones.
LINKUSDT, quick analysis. UpdateHello traders, Everything is clear on the chart for you like always. Monitor the price in circle to enter the position. The trend is still ascending and we have 2 support point but If the support base band is broken, the sell position will be activated.
Good luck.
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Write your comment and opinion below to me
Chainlink (LINK) - August 10Hello?
Welcome, traders.
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Have a good day.
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(LINKUSDT 1D Chart)
Primary resistance: 9.731
Secondary resistance: 11.064-11.976
Support: 7.411-8.290
If the price holds near 8.290, I would expect a breakout attempt to move above 9.731.
When it falls below 6.7, Stop Loss is required to secure cash.
- Since the RSI and Stoch RSI indicators are entering the overbought zone, it is necessary to check where support and resistance are found when the RSI and Stoch RSI indicators break out of the overbought zone.
Therefore, you need to make sure it is supported in the 7.411-8.290 section.
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** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points.
** Background color of Long/Short-S indicator: RSI oversold and overbought sections
** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry through split trading. It is a short-term investment perspective.)
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