LINKUSDT.3S trade ideas
LINK/USDT 4HInterval ChartHello everyone, I invite you to review the LINK chart on a four-hour interval. In this case, we have a visible movement in the upward trend channel, where locally the price remains below a strong downward trend line.
Now let's move on to marking support points for the price and we can see that first of all we have a strong support zone from $14.38 to $13.58, which is located just at the lower border of the current channel, but if the price drops lower and breaks out of the channel , we can see a strong decline close to the height of the channel towards the support level of $11.26
Looking the other way, we can see that the price has currently bounced off the resistance level at $15.32, when we manage to break it higher, the price will move towards the strong zone and the upper border of the channel from the level of $17.14 to the level of 18.09 $.
Please look at the RSI indicator because you can see movements around the middle of the range, while the STOCH indicator, despite the increase, does not show a significant price increase on the chart, which may translate into further declines and an attempt to leave the channel at the bottom.
link/usdt long potential Could be, risky tho since link kinda burned out. Link was the one starting the bull marked. as In having the biggest move first.
But at least potentially a trade here
Next week will be LINKUSDT turn!!!30% on spot until 24th of December?
I think next week will see some profits easily!
HOW-TO indicate turbulent market : TEMA ChannelHey, friends! blackcat is here to bring you an interesting and professional article today, talking about the "Triple Exponential Moving Average (TEMA) Channel" - a powerful tool as a trend indicator in volatile markets.
First of all, let's delve into the origins of the TEMA indicator. It was invented by Patrick Mulloy in the mid-90s with the aim to address the lagging issue encountered when using oscillators or Exponential Moving Averages (EMA). The TEMA indicator smooths out short-term fluctuations by utilizing multiple moving averages. What sets it apart is its unique approach of continuously using the EMA's EMA and adjusting for lag in its formula.
In this article, we will primarily focus on the functionality of the TEMA channel as a trend indicator. However, it's worth noting that its effectiveness is diminished in choppy or sideways markets. Instead, the TEMA indicator shines brightest in long-term trend trading. By utilizing TEMA, analysts can easily filter out and disregard periods of volatility, allowing them to focus on the overall trend.
To gain a comprehensive understanding of market trends, it is often recommended to combine TEMA with other oscillators or technical indicators. This combination can help traders and analysts interpret sharp price movements and assess the level of volatility. For example, some analysts suggest combining the Moving Average Convergence Divergence (MACD) with the TEMA channel to evaluate market trends more accurately.
Now, let's explore how the TEMA channel can be used as a tool to showcase interesting features of price support and resistance. In this script, the TEMA channel is represented by three bands: the upper band, the middle band, and the lower band. The upper band is depicted in white, the middle band in yellow, and the lower band in magenta.
So, let's dive deep into the world of the TEMA channel and enjoy the benefits it brings to understanding market trends. Join us on this exciting journey!
" L1 Triple EMA Channel" requires the overlay parameter set to true. This means that the indicator will be plotted on top of the price chart.
The variable N is defined as an input integer with a default value of 21 and a label "Period". This allows users to change the period value when adding this indicator to their chart.
The variables MAH, MAL, RRANGE, and RANGEMA are calculated using exponential moving averages (EMAs) applied multiple times to either high, low, or range values based on the specified period (N). These calculations help determine upper and lower channel levels for plotting.
The variable UPPER represents the upper channel level by adding twice the RANGEMA value to MAH. It is then plotted using plot() function with parameters like color, linewidth etc.
Similarly, The variable LOWER represents the lower channel level by subtracting twice RANGEMA from MAL. It is also plotted using plot() function with different color than UPPER line.
Finally, The MID variable calculates midpoint between UPPER and LOWER channels by taking their average. It too gets plotted using plot() function but has different color than both UPPER & LOWER lines.
LINK: Sweeping lows to Grow Faster 🚀💰Let's unravel the latest dynamics of Chainlink (LINK) as it navigates the crypto seas with a distinctive flair. LINK is currently dancing within an ascending channel, and recent liquidity sweeps above the upper boundary signal intriguing possibilities. Here's a breakdown of the current scenario and what traders might expect in the upcoming chapters. 📊🚀
Analyzing LINK's Chart: Ascending Channel and Liquidity Game
Ascending Channel Dynamics:
Charting the Trajectory: LINK is gracefully traversing within the confines of an ascending channel, showcasing a structured upward movement.
Technical Significance: Ascending channels are often indicative of bullish trends, with higher highs and higher lows characterizing the pattern.
Strategic Liquidity Sweeps:
Breaking the Chains: Recent moves have seen LINK surging beyond the upper boundary of the channel, executing strategic liquidity sweeps.
Fueling the Surge: The clearing of liquidity above resistance levels, often driven by stop-losses, acts as fuel for potential upward acceleration.
Trading Strategy Insights:
Retesting the Waters:
Ideal Scenario: A retreat to retest the channel's upper boundary around $12 would not only validate the breakout but also offer an optimal entry point.
Pooling Liquidity: A potential drop to $12 can attract liquidity and set the stage for a robust upward move.
Catalysts for Growth:
Stop Loss Dynamics: Recognizing that stop losses act as accelerators for upward movements, the market may capitalize on these fueling mechanisms.
Key Levels: Keep a keen eye on critical levels, especially the retest around $12, for potential trend confirmation.
Price Projection:
Optimistic Outlook: In the event of successful retests and sustained bullish momentum, LINK could eye a significant hurdle at $20.
Conclusion:
Chainlink's dance within the ascending channel, coupled with strategic liquidity sweeps, sets the stage for an exciting chapter. Traders are advised to observe the potential retest around $12 as a strategic entry point, acknowledging the role of stop-loss dynamics in fueling rapid upward movements.
❗️Get my 3 crypto trading indicators for FREE! Link below🔑
LINK/USDT 4HInterval ChartI invite you to review the LINK chart in pair with USDT. First, we will use blue lines to mark the upward trend channel in which the price is approaching its lower boundary.
In this situation, we will unfold the trend based fib extension and check the support areas. And here we can see that the price is above the strong support zone from $14.42 to $13.60, but if it goes lower, we can see a break from the channel and return to the support area at $11.31.
Looking the other way, we see that first the price must overcome the important resistance zone from $16.57 to $17.31, which would also result in an exit from the channel and after breaking the resistance at $18.26, a path towards $21.
Please look at the CHOP index, which indicates that we have more and more energy, on the RSI indicator we are moving around the middle of the range, but the STOCH indicator shows a clear recovery, which may result in a greater price drop.
LINKUSDT............................................................................................
Link attempting monthly resistance againLink is taking a third shot at breaking the monthly resistance. With the CPI print and overall bullish trend I expect this to flip to support. These are the types of longs I like to take, longer time frame breakouts on reversals or weekly/monthly resistance breaks on positive market sentiment.
Link to sink to <$10On the above 2-day chart price action has rallied 225% from the June lows. A number of reasons now exist to be short. They include:
1) Price action and RSI support breakouts.
2) Regular bearish divergence.
3) Past support confirms resistance.
4) The recent published ideas on tradingview.com. The herd are more bullish than a bull on steroids who has just returned from a restful 2-week vacation.
Is it possible price go up further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: You decide
Short entry: $17
Stop loss: Will say elsewhere
Link, long with target x2 from this priceLink is in 4th correction wave and is ready for a run up expectedly x2 from this price
LINK Short setupChainlink is still trading under important trendline. I expect a retest of it, a range, and next we can see a rejection and a drop till new local lows. Actually i am out of this coin, waiting to enter short
Link , up and down scenario Link , up and down scenario
We got an Uprising channel in 15m timeframe
As you may see the yellow box is important area ... so lets see which gonna happen
1. Blue route with hitiing the lower channel line then break the yellow box and a light pullback on it and then goes for the channel roof
2. Red route by hitting the yellow box and breakout the channel with a pullback to the static box and then drop to 14.5
LiteCoin(LINK): Waiting For Perfect Entry! Linkcoin is another one that caught our attention with its amazing moves. After that huge bullish movement, the price just keeps getting and braking higher highs. With that being said, we see a nice potential for more further movement to the upper zones and then a nice movement to the lower zones, potentially reclaiming a few broken zones that haven't been retested yet.
LINK → Chainlink Teacup and Handle Bull Pattern!? Let's Prepare!Chainlink is knocking on the door of the Resistance Zone and forming what appears to be a teacup and handle bull pattern! Do we long now? What should our signal to enter a trade be?
How do we trade this? 🤔
Link completed its measured move up to the resistance zone, pulled back, and made another attempt to breach the $16.30 price but failed. If the teacup and handle pattern is truly playing out, we should be witnessing another weaker pullback to somewhere around the $14.30 price area (30EMA). If the price bounces at the 14.30 area, we may in fact be looking at a breakout of the Resistance Zone.
So does that mean we long at the 30EMA? No. Because the probability of profit longing at a resistance zone is low. It's best to wait for the price to break the Resistance Zone, test it for support then long that support as depicted in my analysis. Until then, let's wait on the sidelines and see how this plays out!
💡 Trade Idea 💡
Long Entry: $18.30
🟥 Stop Loss: $16.10
✅ Take Profit: $24.90
⚖️ Risk/Reward Ratio: 1:3
🔑 Key Takeaways 🔑
1. Measured Move Complete.
2. Price near Resistance Zone. Wait for More Price Action.
3. Teacup and Handle Pattern Playing out?
4. Long Setup, Wait for Bounce at 30EMA or Break of Resistance.
5. RSI at 60.00 and above the Moving Average. Bias to Long.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and comment if you found this analysis useful!
Chain Link Pump to $19 and then $24I think chain link will eventually break out of this ascending wedge pattern and head to $19, followed by a slight pull back then a pump to $24 in the near term. What do you guys think?
LINK / TRADE PLANS(SHORT TERM)I think it is BULLISH
TARGETS ARE SHOWN IN FIG...
Do you agree with ME?
Comment me
LINKUSD Bullish short term LINKUSD had broken out of triangle and is looking to reach the next resistance at 17.75. This analogy will most likely play out if BTC stays stable or goes up. Invalid at close 14.3
✴️ Chainlink Classic Flat (Irregular Correction 3-3-5)It seems people are complacent because Bitcoin is still trading above 40K... Here is the thing, when it changes it will happen by surprise, there is no time to act unless you are ready for the unexpected to take place.
Chainlink is the same.
Because prices are high and strong, it is easy to miss the bearish signals that are starting to show up.
Bear volume going high... Bull volume going low.
Very strong red days and already trading below EMA21.
Based on EW Theory, this is a Flat or Irregular Correction.
It is "irregular" because wave b ends up as a higher high compared to the start of wave a.
The count goes 3, 3, 5 and after the correction is over, up again for months on end.
Chainlink grew since June more than 260%.
MA200 was conquered as resistance and now this level needs to be tested as support, to see if it will hold or will it break?
Regardless if it breaks or holds, the level needs to be tested, so we can expect a drop towards 9 before anything new can show on this chart.
The fact that people are complacent is a bearish signal.
People are never complacent at the bottom, always at the top.
When the "pop" happens, it is panic time... FOMO.
Sell everything... What is happening?! Nobody could predict this... What is going on!!!
Plan ahead of time.
Yes, hope for more, for higher prices... Hope for the best, yes!
But, prepare for the worst.
Namaste.
LINKUSDT is BearishLINK has broken the trend line which was holding from past 25 days, moreover the bearish RSI divergence also appeared and is currently playing out. First lower high is printed and more are expected to follow. Targets are mentioned on the chart.
LINK - Time to new ATH !After April 18, 2022, the link started to close above the 13.76 level. Then it's time to start searching for new peaks!
Added to spot wallet!
🔗(LINK):Strong Support,Oversold Stoch RSI,& Potential ScenariosAn analysis of Chainlink (LINK) highlights a strong support area, oversold Stoch RSI, and potential scenarios, offering insights for market participants.
Key Insights:
Strong Support Zone: The range of $13.50 - $15.00 is identified as a very strong area of support for LINK.
Ascending Support Line: The ascending support line from mid-October aligns with the $13.50 - $15.00 support zone.
Oversold Stoch RSI: LINK's Stoch RSI is noted as oversold, indicating a potential level of interest for investors.
Potential Scenarios:
Stabilization Scenario: If the price stabilizes in the support zone, a potential test of $17.00 - $18.50 is anticipated.
Breakdown Scenario: Breaking both the $13.50 support and the daily support line could lead to a move to $9.80 - $11.50.
#Chainlink #LINKUSD #CryptoAnalysis
