LINKUSDT
LINKUSDT Short SetupIn the past couple of days, Bitcoin and other crypto-assets have created slight bullish trend. From the macro sector, Crypto still not bottoming yet (IMHO). Based on the chart that I show here, there is a possibility to change the trend into bearish. What are your thoughts? Please comment down below.
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Hello everyone👋
I saw an interesting wedge on the LINK coin, the coin recently broke through the resistance of the pattern and breaks out further.
I think in a month the coin can turn around and show a good green percentage.
Since May, the price has been at the stage of consolidation and continues to be in it, I think there is not much time left before the explosion in long, and after the dump, I think bitcoin should also break out to new resistance zones.
I would consider this coin as for a long time, I’ll just drop a small percentage of the asset from my portfolio, especially since I like to trade such patterns, they are easy for me)
All successful trading and do not forget about your risk management.
LINK/USDTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
The chart is on the weekly timeframe.
From the data that I see on here, I think the bottom is in. We will be ranging between the two green lines as I believe that is the accumulation zone.
If we break below the bottom green line, I will find a new chart. As you can see, the data given to me here is only from 2017 so the count could be incorrect.
We are already at the bottom of the green line. I do not think we will go lower.
RR: 22.2
Stop loss placed under a 53% drop @3.5
LINK - short-term trade - our target $7,35Hello colleagues!
We publish the short-term trade we entered tonight. This trade has a local perspective and does not mean that the correction of the cryptocurrency market cannot continue.
In this case, we still have a relevant trade in cryptocurrency HNT:
Details of the LINK cryptocurrency trade:
Entry: $6.31-6.35
Stop: $6.16
TP: $7.35
Let's see how it works!
LINKUSD Dominant UptrendLINK has fallen quite a lot, just as other cryptos
The question is where will this falling stop.
I see a major trend line in Green which aligns well with another weaker uptrend in blue, and a downtrend in red
At this area price is around $5 per LINK
This is also at the 0.618 Fib level
Chainlink Long-Term (650% Potential Profits To All-Time High)Chainlink vs Tether (LINKUSDT) has gone through a complete cycle.
It took two years to complete.
Notice the bulish wave (wave up) followed by a bearish wave (wave down) on the chart...
Last weeks LINKUSDT hit its lowest price since July 2020.
At the same time we have really high volume on this candle, signaling that we have strong support.
We see the MACD and RSI starting to curve.
With hidden bullish divergence on both.
From here, LINKUSDT can start to slowly recover and then fast growth.
We have a whooping 650% potential profis to the All-Time High...
But in the next bull market we will have a new All-Time High, giving us additional potential for profits in the long-run.
You can find more details on the chart.
Thanks for the support.
Namaste.
LINKUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for LINKUSDT
In our last analysis on June 7, we expected a rising trend for the price and now you see that the rise has happened during the next 3 days since the mentioned date. In this chart, we have R1 ad R2 as our resistance areas and S2 is a long-term support line. There is a head and shoulders pattern in our chart and we expect the price to have a little rise to R2 and then start a falling trend in order to form the right shoulder. In case the price moves over R2, then it will have more rise (which actually this is not so much probable).
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 struggle inside 2 patterns#LINK/USDT
$LINK is inside long term falling wedge pattern, and in short term time frame there is a parallel channel that can act as bearish flag.
🐻 close a daily candle below lower line of parallel channel can drop price to lower line of wedge that is around $3.
🐮 but if price hold the ascending channel and break out from upper line of wedge, it can fly to resistance zones around $11 and even $14 and $17 in longer term.