LINKUSD - POSSIBLE SCENARIO: RECESSION LOW + NEXT CYCLEI never thought we'd see $LINK prices even as low as they are, however, given that we are likely heading into a fairly substantial recession, I could see something like this playing out.
LINKUSD.P trade ideas
LINKUSDT Hello guys ?
Today I came up with a LONGER TERM trading Idea
1/ If we measure the strength of this zone it holds the
market for a long time multiple times .
which in terms of price action tells us something that this may happen right now.
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2/ There may be a drop on price and the second case
scenario is the market may still beak this major zone
and continue down ,if that is the case we wait and act when we get a pullback inside the zone
always utilize a smaller time frame for entry and exit.
do your own research before placing any trade .
stay strong
Link updateLooking at a $1 link before the next halving, looking for a return to mean then explosion.. gl
$LINK Monthly ‘Bearish’ possibilitySo we have to consider the bearish scenarios as well, even though I think this is a lower probability, at this point. Another month down will raise that probability of this playing out. While still bullish long term, this is not the chart link holders (myself included) want to see, but the crypto space still has some flushing/rinsing to do before we bottom. This shows a multi year consolidation/correction.
If crypto is to survive and thrive, Chainlink HAS to be part of the story. If you don’t understand this, then I recommend researching CL.
LINK/USD 1DHi everybody!
I bought some LINK. I consider buying from the current ones on the market justified, since we are in the zone from which there has been a rebound more than once over the past 6 months.
I put a stop at 5.2 take profit around 9, but I will look at the situation.
Kind regards
LINKUSD - Burnout or Boreout?Welcome back guys!
Prices below 5$ are a matter of time
LINK could be a rising star in the next bullrun.
First, I want to thank everyone who left a comment in the last bitcoin & ethereum updates and to the people who reached out to me.
Today we are going to discuss one of the more "problematic" altcoins which formed rather difficult wave structures but might be a great catch for the next bullrun.
I personally believe that most altcoins won't ever come back and will slowly cease to exist... (You can probably think of several - I am going to post about this in the future!)
Chainlink suffered a steady decline in the last weeks and yesterday we finally broke below the last minor support @5.525$. Many other traders hoped that chainlink would establish a bullish wave 1 - wave 2 structure, but sadly this is clearly invalidated as of now.
Additionally, chainlink moves in a horizontal channel with a low @5.286$ that we formed back in June. To be honest I was very optimistic back then that a final bottom could be "priced-in" but this long sideways trend gave me serious doubts that the bear market could be over.
I expect that chainlink will continue to decline in the next weeks and traders have to face that we are going to reach prices under 5$ eventually, beginning with the june low.
Note that we are in a difficult situation regarding a possible bottom target, but it's safe to say that chainlink will reach it's final bottom most likely between 4$ and 2$.
The red wave 3 can already be finished at the 1.272 and i personally don't expect that chainlink has a chance of reaching its 1.618 extension.
We can't expect a bullish reversal as long as we are trading below the green dotted lines @7.808$ and @9.480$.....
Of course, I understand that most people are done with this coin because of their controversial staking project and the absolutely devastating crash since the last all-time high at 52$.
However, I believe that chainlink is one of the few altcoins which has a reasonable chance to shine in the next bullrun.
Our long term target of 90$ is no joke!
Please let me know if you want to hear about future price targets or other altcoins!
Greetings
Benjamin Mendenmein
LINK trade set up well... as of BTC link will follow the footsteps ! this is a tarde setup for shorting
Bullish for Chainlink Chainlink is at the bottom of the trend line as shown by my indicators, there should be at least a chance of ranging along the context ., Pro momentum is almost at all-time lows, and based on history it suggests that it is indeed an excellent time to buy.
Even if everyone is respecting that we will drop more, history again has shown us that crypto never behaves as we expect.
I am waiting for a FOMO rally to catch and destroy first shorts than longs :).
$LINK Updated Weekly LogWell made some tweaks based on new data points. Is the low in, or are we go a bit lower, to the $3 range?
LINK/USDT 1D Interval ReviewI invite you to review the chart LINK in pair to USDT, taking into account the one-day interval. Let's start by identifying the main trendline, but looking closer we can identify with the blue lines the sideways trend channel and with the yellow line, the local downtrend lined that the price is trying to break.
Using the Trend Based Fib Extension tool, we will check the current support points for the price. As we can see, the first support is where the price has repeatedly changed its uptrend at $5.83, then we have support at $5.39, which is also the lower limit of the channel and the location of the previous low. However, when we exit the channel at the bottom, we can see a drop to around $4.72 or $3.82.
When determining resistance for the price, it is worth first to mark the strong zone from $ 6.25 to $ 8.03, only when the price goes higher we have resistance in the upper part of the channel at $ 9.43, going above this resistance and positive testing will open the way towards $ 11.83 and 14.08 $.
We can observe a growing volume, however, with a predominance of red candles, the CHOP index indicates a small accumulation, the MACD is close to indicating a change in the trend to an upward one, while the RSI also shows that we have gone down to low levels and are now starting to show small increases.
LINK USD Support levels and trendSome key support levels here and worth keeping en eye to see where this goes. One of the favourites during the last bull market. I would expect some more downward action over the next few weeks we are not ready for loft off yet but follow me to keep updated with charts
LINKUSD Is Finishing A Higher Degree CorrectionLINKUSD is finishing a higher degree correction, as we see it nearing strong support zone from Elliott wave perspective.
LINKUSD is trading bearish since May 2021, but weekly wave structure from the highs looks like a clear three-wave A-B-C correction within a higher degree wave IV that can find the support soon, ideally at the former wave (3) swing high and equal wave length II = IV. Recovery for wave V in 2023?
Wave C is a motive wave and it should be completed by a five-wave cycle of the lower degree, so looking at the daily chart, seems like it's now trading in final stages of (5) of C after recent sideways triangle consolidation within wave (4).
Technically speaking, we believe that LINKUSD may find the strong support between 5-4 support area, just keep in mind that bullish confirmation is only above 13 level. Invalidation level remains at 1.5.
Happy holidays and all the best in 2023!
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Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
LINK - The Bearer of Bad News & Great NewsLink has been hovering around the 0.382 fib retracement for quite a while, tested it 3 times, i never trust the 4th nor the 5th test on a support line.
"Stop talking gibberish and give us the bad news nah"
Bad Nus: $LINK will go down another 80%-90% :D before this bear market is over.
Great Nus: $LINK will be a $1k-$2k token at the peak of the next Bull Run.
- Weekly MACD (Bearish)
- Weekly Pekipek's Divergence BETA (Bearish)
- Weekly RSI (Neutral)
- Weekly Stochastic RSI (Neutral)
- Weekly Cipher (Bearish)
- Weekly OBV (Bearish wtf OBV r u in distribution mode?)
$LINK - HEADING TO OUR TARGET.$LINK - HEADING TO OUR TARGET.
This Gray Box is a Demand Zone from the Weekly Chart.
I will be loading up on Chainlink big time in the $3.50- $4.50 area.
Do you hold any Chainlink?
#LINK
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.
LINK: back on old trackA lot of negative news on the market during the previous week, related to FTX contingencies and recession in the US in the coming year, pushed the price of LINK to the downside and lowest weekly level at $5.8. Based on current charts it doesn’t seem that the support line at $6.0 has been broken, but it seems that it has been tested to the downside during the last two days. This is generally positive for LINK, because it shows that even in a stressful time, investors sustain confidence in this coin.
With latest price moves to the downside, RSI reached level of 34, but indicator still did not reach the clear oversold side of the market. Moving averages of 50 and 200 days continue to move as two parallel lines with tiny differences between them, still holding the probability that a potential cross might come in the near future.
As per current charts, it could be expected for LINK to enter into a short reversal, after not being able to clearly break the support line at $6.0. Considering quite low daily trading volumes, it should not be expected to make significant moves in price. There is probability for $6.5 short resistance to be tested, with currently decreased probability that $7.0 might be reached.
boom boom kaboomyyah yah blah blah link gonna go effin nuts yall already know this deep down, largest web 3 market share im early and ill keep dca'ing
#btcstarburst Chainlink Running Bull?The so far the white has marked the target… the red will be the bear… trading above the white supper bullish no worries… Below the white Fud in the market but hopeful… All lines are support and resistance. This is a Gann study always…DCA safely Link has great potential
Link LongThis is an interpretation of the technicals and is in no way shape or form advice.
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