LINK/USDT - Potential Short ScenarioHello Traders!
LINK movement within the descending trend began to accelerate, which may indicate the soon completion of the falling phase.
If we take the correction of the cryptocurrency index (Bitcoin) to $20,000 - $22,000 as a basis, we can assume that the zone of interest of buyers will be below the current price marks.
A suitable price range for asset recruitment in the medium term would be the in the $2.83 - $4.60 zone
We should start the intake of the asset closer to the support level of $2.83, in the range of $2.83 - $3.32.
The profit-taking targets in medium-term purchases will be the price levels of $6.86 and $8.38
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
LINKUSD
LINK UPDATE - POSSIBLE BUY AREA - $4.50i've been following LINK for a while now and when you think it can't go any lower, it does.
i still believe we get another leg down to the $4.50-$3.85 area before we start to trend up
why do i think this? a couple reasons 1) we have a hidden bearish divergence on the daily chart (price = lower high and RSI = higher high) and 2) equities are set to dump again today after trying to make a comeback the day prior
no clue that this happens but worth sitting on the sidelines until we have clear direction before taking a risky position here
not trading advice, just my thoughts
tjg
LINKUSDT Rebounding to $11.50 is a real possibility*** ***
For this particular analysis on LINK we are using the LINKUSDT symbol on the Phemex exchange.
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The idea is on the 1D time-frame where LINK (LINKUSD) is consolidating ever since the May 12 low and the short-term rebound that followed. On a more long-term perspective though, the price seems to be repeating the consolidation of early December 2021, which was also formed after the December 04 Low rebound. The RSI sequences are so far identical and both MACD levels are after a Bullish Cross.
This December 2021 consolidation led to a 0.618 Fibonacci retracement level test. That is currently a little over $11.50 and is our target on a two month horizon.
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Chainlink at a fork in the roadSitting at $7.60 resistance, chainlink looking to test $9 but having difficulty doing so. Possible retest of support around $6.50 if it doesn't break upward. Watch out for the false break higher. Keep an eye on the candles. Watch out for long candles in the current stagnant trend, if that happens expect an inevitable retracement depending on the direction.. expect a hard retrace lower to an unbelievable $4.80 not currently looking that way but keep an eye on your tops and bottoms.
Chainlink bullish post recessionThe Chainlink ecosystem has backing from strong investors and because of its track record of surviving an strong downtrend in 2018-2019 could Chainlink be a sleeper pick for the next bull market post this current recession.
Chainlink is a blockchain oracle built on Ethereum and is therefore an important technology in the blockchain world and it could therefore be a long term stability and long term validator for the future.
So even if the price of Chainlink would drop massively would this coin not crash as the technology and its fundamentally strong product.
LINKUSD Short ScenarioMarket is in overall downtrend, but in 1h timeframe we can see an upwards correction, market already formed a main lower high, which means we should see a break of a correction structure, retrace back to it and down a downfall of a price at least to a recent main lower low.
Entry: 7.29 (After break and retest)
Invalidation: 7.98 (Above main lower high)
Target: 5.56 (Main lower low level)
Key points to look for on Chainlink Chainlink looking for support @ or near $17-$18 range. Keep in mind on both the 4hr And Daily Chart , There is a possibility for a significant retracement to $14 range. All this is only plausible if the formation of a triple top/ head and shoulders start to form. Things are looking up for Link either way. Take profits along the way to $23 and just take note of previous trending this past December. This may just be a similar fakeout to a higher high.
LINK/USDT : Aiming for Lows at $1.60 BINANCE:LINKUSDT
Hello everyone 😃
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
$LINK has broken below the current support zone and it just retested the broken zone.
Now There's an opportunity to take Short on $LINK with an invalidation above $8.50 as full body candle close!
But the remained risk is much more than the most possible safe risk RN.
So That's why I mentioned the second entry as the safe trade below $4.60!
If we get the closings below $4.60 then I would locate my Short on a proper retest of the broken line and aim for $1.60 where the lows are located on...
📚 There's an early sign of bearish momentum; If we get the weekly close below $28800 on $BTC's price, Then you can take Short on every coin you wanted to ;)
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@Helical_Trades
Close but no Cigar for Chainlink!!Looks to good to be true, but this is just another failed attempt to try and break resistance @ $11.50. If and when it fails we will see $9 inevitably. But on the upside that would be our final destination. Good luck! Just my opinion
LINK - beatiful picture for long🌇⭐️ BTC had huge liquidations, we may see a pullback
⭐️ Market is in panic
⭐️ Structure is seen on multiple timeframes
⭐️ 4th touch
⭐️ No pullback after last touch
⭐️ Over VWAP
Will enter when price squeezes to the level on lower timeframes, the base will form and the strip will get faster.
Fix profit by parts:
2% - 1/3
4% - 1/3, stoploss to breakeven
What's left, hold to the maximum
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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
LINK vs XMR Hi guys! Please, support this idea by clicking the LIKE button. Thank you!
LINK (Chainlink) looks horrendous. The price is breaking down the support of a Massive Descending Triangle, ultimate Target of which is $4-5
Keep in mind that LINK had a decent multi-year uptrend. Now it's time for a clear bear cycle
The overall picture looks almost identical to what Monero (XMR) printed in 2017-2018. The same long uptrend and the same Descending Triangle at the Top. Will the outcome be different this time? I doubt it
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The information given is never financial advice. Always do your own research