LINKBULLUSD trade ideas
All you have is 126 daysYou have 126 days to make something of this move after that the big crash will start to unfold. During the covid crash which was the Bitcoin second capitulation event chain link did wick under the channel you see here but never closed under it.
Its possible that for Bitcoins second capitulation event that chainlink will do something similar ,this long term marco support line for chainlink is so strong even the covid crash could not break it and now after everything that has happened this year we have still not closed under it.
This move will be short lived only lasting 126days , once we hit the 4/1 gann fann and the top of the channel chainlink and the rest of the market will roll over and prepare for the second Bitcoin capitulation.
I go over in detail how every cycle we get two crashes , the secret here is knowing that Bitcoin doesn't have major crashes so close together ever , infact Bitcoin only has one major marco event per year and its already happened that was Mid May to Mid June 2022 , the next date is shown in the TA above.
If this did unfold I think 20 dollars(feb 2023) would be the top and link won't see 20 dollars again till mid 2024 , we have a long road of pain ahead before eventually hitting 200 dollars april 2025.
Chainlink (LINKUSD): Very Bearish Outlook
Chainlink broke and closed below a support line of a bearish flag pattern on a daily.
I believe that it may trigger a trend-following move.
Next support on focus will be 6.27
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LINK goes negative ... trust TA !LINK historical moment:
But before here is some history:
"On April 20, 2020, WTI crude contract dropped 306%, or $55.90, for the session, to settle at negative $37.63 a barrel on the New York Mercantile Exchange."
I will accept bitcoin to HODL LINK.
NFA DYOR :)
LINKUSDguess at an accumulation pattern but no idea long term tbhh
depends how eth2.0 travels in the mid term i suppose
90%ish down from ath
long term downtrend line meets accumulation supplyzone soon
see how the reaction is come late sept october i suppose
:)
LINKUSD (4H) Bearish reversalHi Traders
LINKUSD (4H Timeframe)
Waiting for the downward break of 6.98 support level which will complete a bearish trend reversal pattern to go SHORT. Only the upward break of 8.14 would cancel the bearish scenario.
Trade details
Entry: 6.98
Stop loss: 8.14
Take profit 1: 6.28
Take profit 2: 5.54
Score: 7
Strategy: Bearish reversal
LINK: $9 is still a targetPrevious week was marked with a negative market sentiment influenced by the macro fundamentals, still LINK is one of the rare coins on the market that performed within a green territory. The price of the coin started the previous week by reaching its highest level at $8.3 and reverted a bit during the week, down to $7 support line. Still, the coin managed to finish the week by testing the $8 resistance line.
RSI started the week around level 60 and regardless of short move to the down side, it finishes the week at the same level. This clearly shows that the market is still set to the overbought side move. Moving averages of 50 and 200 days continue to slowly converge toward each other, but there is still space between them, so the golden cross is still on hold.
Moves from the previous week are clearly showing that the market continues to have positive sentiment for LINK. In this sense, testing of the $9 long term resistance line has been modestly postponed, but it continues to be a next target for LINK. Charts are pointing to this level, however, it will depend on the general market trend during the following week. Buying orders are predominant on the market for LINK, which supports potential move to the upside. In case that the coin reverts a bit to the down side, there is some probability for $7 support to be tested for one more time.
Chainlink: Partial Decline With Hidden Bullish DivergenceLink several weeks back bearishly reversed at the top of the local range which lined up with the PCZ of a Bearish Bat and the target i had set for it was the 50-61.8% Retracement because there was a higher probability that Chainlink would reverse Bullishly there to begin to attempt a Partial-Decline.
We've since begun to reverse at that level and are showing Hidden Bullish Divergence on both the MACD and RSI. One would be lead to believe that this is the start.
However as of right now it's unconfirmed until it touches the top of the range again; But we have enough info here to try to front-run the test of the range top and get a better entry today.
Chainlink Chainlink showing high volume trading activity on the 4hr staying in the green percentage wise all while most of the rest of the crypto currency and stock markets continues to plummet.
link nearing resistancechainlink is headed into resistance while btc and eth look like they ran out of juice for the day. 8.2-8.3 could be the hammer down point for link. watch out for it
LINK JUST BACKTESTED KEY AREAHere we go, LINK is holding strong and back tested the $8 psychological resistance and is primed and ready break for the upside of this wedge, Hidden bullish divergence is starting to play out and momentum is starting to slowly build.. LINK performs really well above $8 mark, failed the first few times but the bears may go back to hibernation for a bit. Sleep tight!
LINK NEXT BULL RUN If you follow this you can easily become financially free, do what you want with this information ;)
George Soros is buying all your chainlink. The great wall of chainlink marines has been set at $5. Impossible to break. Going all in at these levels is what the smart money is doing. FTX:LINKUSD
LINK BREAKING OUT (PENDING)LINK is now at a KEY level. The hidden bullish divergence is playing out as it is now attempting to break prior resistance after being rejected the last time. LINK needs to BACKTEST 7.92 an trigger support that was once resistance. LINK above these levels RIPS, as we can see from recent market history. We also know that LINK usually makes it’s moves when BTC is in the red. These levels are crucial
link usdt possible long entry price broke the level and retrace from the same level and now again following the bullish trend .
trade your levels according
LINK SHORTNot much to say, but I am not confident in count, especially with our current price action
Big Forecast...So I have added the pitch fork and reaction lines for future price highs - the wave plot is a visual representation of what I can potentially see playing out (however the timing may not be) - Oracles will play a huge role in the future of blockchain and Link is the best play for it.
Link 4Hr Update#Link is currently trading at $8.095 in my long position that started around $7.10. Currently up about 14% #Chainlink looks really strong in the #cryptocurrency space.
LINK: $9 might be a target?Positive moves for LINK continued for a second week in a row. Generally increased market optimism has pushed the price above the $7 resistance line, while as of the end of the week, the coin managed to reach the next resistance at $8. If buying orders continue to prevail on the market, it might be expected that a long term resistance line at $9 might easily be the next target for LINK.
During the week the RSI made a move from the level of 43 up to 58, which is indication that the market is setting the path toward the overbought side. At the same time, moving averages of 50 and 200 days continue to converge toward each other. There is still some space between two lines, in which sense, the golden cross is postponed.
Current charts are pointing to the potential that the price of LINK might head toward the $9 resistance line, in case that current resistance at $8 is clearly broken. However, this move needs to find support in the high level of buying orders, which will depend on general market sentiment during the following week. On the opposite side, there is a high probability for the coin to shortly revert to the down side in order to test the $7 support line for one more time.
$LINK | Short Ride UpLINKUSD has broken the down trend on the DAILY and looks to repeat similar patterns in June and August, with a major difference being that it has also cleared the 50EMA as well as the beginning of a 13/48 EMA cross happening. I think a good ride to the next resistance area will take and a possibility of break through. I placed a LONG BUY for LINKUSD and placed the stop loss below the 50EMA as it has respected this since the 13/48 cross.
Here's my numbers:
Entry: $8.13
Take Profit: $8.55
Stop Loss: $7.72
Actually flipped the other side of the pump to 9.5Just expecting link to bounce around and control it's volatility until Chainlink's Smart Contract convention at the end of this month when I'm expecting some major movements.
