LINK ANALYSIS (short term)Link has entered the correction phase after its rise.
Due to the overlapping of the waves and spending similar times, it seems to be inside the diametric pattern.
The link is expected to move according to the predicted path on the chart.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Linusdt
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Hello everyone👋
Let's analyze the LINA chart today
The "bear flag" formation is a deal on the breakdown of the lower border, the price will still consolidate in the flag zone for some time. You can trade inside the pattern from the upper borders to the lower ones, you can wait for a larger transaction for a breakdown.
Placed an order from the upper border of the pattern ($0.00891 zone) to short on the breakdown of the pattern support line ($0.00826 zone)
LINKUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time fame. The price has lost the R1 line which was previously the support line and we expect it to fall down to the S1 zone. We can also consider it a double bottom. We need to wait and see what it does. Either it will break R1 and go up or it will not be able and will fall more. There is also the R2 line which the price might hit and then fall down.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
⚠️🤩Chainlink to 80/90$ in the First Quater of 2021 ?!! 🚀Chainlink, the Defi Leader, seems to have entered in an ascending channel (Log Scale) that could bring it to almost 100$ in the first quarter of 2021
If the king BTC and the bull period will continue I think is possible that LINK will hit easily this potential Target really soon ;-)
LINK Testing Critical Resistance, Surge to $16.50 Coming? One the 1D LINKUSDT chart, LINK marines are currently retesting the psychological $13 level (blue bar) for the 9th time since November 7.
As we can see, the asset has been tracking inside a rising channel (blue channel) for a few months now and is consistently printing higher lows. We can also see the Fibonacci levels have been getting clear reactions (red boxes), particularly as support regions.
There are 3 main resistance areas to observe if bulls manage to close above $13:
PT1: $13.69 - the 0.5 Fibonacci level.
PT2: $15.21 - the 0.618 Fibonacci level.
PT3: $16.50 - Key daily resistance.
If the breakout is unsuccessful, however, then the following support levels will likely be around:
S1: $12.17 - the 0.382 Fibonacci level.
S2: $11.77 - key S/R level.
S3: $10.29 - 0.236 Fibonacci level.