Linkusdsignals
LINK Looking A Little Bearish (Short Term)My Fellow Crypto Traders,
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ANALYSIS:
It seems that LINK Marines and their longs are hitting a relatively strong resistance level , in which LINK has failed to penetrate through this level. Moreover, w/ the market sentiment signaling greed, it would not surprise me if we see LINK re-test lower supports as a momentum builder to go on and make higher highs. However, w/ BTC maintaining dominance w/in the market, Atls remain second fiddle. This narrative of BTC holding on to dominance for a while longer is supported by BTC's money velocity chart showing lower lows, signaling people are holding BTC vs's trading. Thus w/ major institutional players buying up BTC induces these aggressive BTC moves to the upside.
Amazing call on link ...whats next targets ?Yesterday we shared with you this idea about link that it was looking bearish in both usdt and btc pairs see here :
Price broke the trendline support and fall from rising wedge as expected
As long as price cant get close by daily candel above 10.74$ -10.8$ (0.5 fibonacci level)
(Also this level is the trendline support breakdown level)
We can see next target easy
Potential next targets to be reached :
Target 1 : around 8.5$ ( 0.618 fibonacci level )
Target 2 : around 7.3$ ( was recent low for link )
Target 3 : around 5.5$-5.3$ ( 0.786 fibonacci level )
For investor this areas is a good ones to accumulate partially before next bull run in link
Link was and still one of my favorite coins
Long term is bullish
Please like and subscribe for more idea if you see it helpfull
Link looking bearish on both usdt and btc pairLink start to look bearish now
As you can see in btc pair it forming symmetrical traingle and start to break it
In usdt pair it test the trendline support for 4th time which make it weaker
And we can look for sell position if it broken or at retest it
Agree or not show your opinion in comment and support by like and follow
LINK opportunity for new highs?Hi all,
this is my first public analysis.
These 2 years in crypto have learnt me to focus on simpler strategies and to detect the right moment for entering an interesting positions.
Bullish triangle in a form, maker higher lows and waiting for breakout.
According to my patter I would wait for this bullish pattern to confirm by breaking out of the zone.
I would appreciate your comments on the idea.
Many thanks and happy trading!
LINKUSDT POSISBLE SCENARIOON 1D CHART I SEE AN UPTREND , I HAVE 3 HH AND 3 HL, IN THIS MOMENT I THINK I CAN GO WITH NEXT IMPULSE MOVE.
I HAVE A 4H CHART ENTRY BASED ON A HAMMER CANDLE AT THE BOTTOM OF THE CORRECTION (AT LEAST I THINK SO, A TRADER WORK'S WITH PROBABILITIES), CLOSED ABOVE SUPORT AND ABOVE TREND LINE .
WITH ALL THIS INFO I DECIDED TO TAKE A LONG POSITION, WITH A 1:4 RR AND I PLACED MY STOP LOSS UNDER SUPORT AND UNDER TREND LINE SO PRICE CAN BREED :)
I THINK I HAVE 2 KEY AREAS THAT WILL HOLD PRICE IN AN UP DIRECTION AT LEAST UNTILL THE NEXT SRESISTANCE MARKED WITH RED DOTTED LINE.
NOT FINANCIAL ADVICE , JUST MY OPINION.
LET THE SHOW BEGIN ;)
LINKUSDTLINKUSDT LONG-TERM CHART
Cir. Supply - 389,509,556 LINK
Total Supply - 1,000,000,000 LINK
Market Cap - $4,514,189,423 ($4.5 Billion)
Scenario 1: - Watch out for the Whales DUMP
#Link has been showing minor breakouts in past few week but none looks sustainable and solid.
I now therefore expect ChainLink to return to $1.50 to $1.65 Billion Market cap.
If Link breaks our channel marked here then it is a sign of its down trend.a I believe during Nov 2020 - March 2021 whales normally takes their profits and Would be happy to bet all in at $4.2 - $4.5 level. Which is a major support and was its breakout point.
Scenario 2: - BTC forms a flag here and then comes PUMP
Link has been reacting positively to BTC rise since long. As, more money in BTC means more money for LINK or BNB or ETH platform.
Thus, If BTC continues to surprise us and breaks 13,500 resistance then there is no reason for Link to be bearish.
Just as ETH or BNB it will cont. to sail ahead along BTC and will hit the new ATH finding resistance around $24-$25
<> This is Not a Financial advice. Just sharing my thoughts.
Can Chainlink $Link can hit $5 Yes there is possibility if price goes below $9 and stay there then price can hit $5. $5 support looks very strong and price can reach there.
But if price goes above the 100 day moving average that is currently at $11.4 then target will be moon.
we are watching the price action , follow for more updates
Link/usdt 2nd wave?Link/usdt
After forming double bottom and showed some consolidation last days its looking good now
Buy area : after the break of trendline
But Best buy area : after also break horizontal resistance
Around 11-11.35$
And the first target is around 12.5$-13$ and more
You can jump the wave or buy the retest if you are looking for more safe entery
Stability above these areas can do big pump
Risk : link has high volatility
Stop loss should be daily close below the horizontal resistance
Chainlink (Link) Is Completing Setup For Next RallyHey friends hope you are well and welcome the new update on Chainlink DeFi token.
On the daily time period chart the priceline is moving in a down channel.
The price action of LINK is rejected by the resistance of channel and 100 simple moving average at the same time. The priceline is already moving below the 25, 50 and 100 SMAs and has strong support of 200 SMA at the same level where we have the support of down channel. Therefore there are chances that the price action of Chainlink may take another bullish divergence from the support of channel.
The priceine of Chainlink is completing final leg of bullish BAT and soon it can entere in potential reversal zone.
The targets as per Fibonacci sequence of bullish BAT pattern can be as below:
Potential reversal or buying zone: $7.17 to $5.53
Fibonacci projection or sell zone: $11.10 to $17
Conclusion:
The priceline is rejected by 100 SMA and the resistance of the channel, therefore it can test 200 SMA support and the support of the channel at the same time and complete the bullish BAT. After this bearish move we can witness another rally to the upside. The potential reversal zone of BAT pattern can be used as stop-loss as well.
LINKUSDT completing final leg of bullish BAT | Upto 207% moveThe priceline of ChainLink is completing the final leg of bullish BAT, the targets as per the Fibonacci sequence of BAT are:
Potential reversal or buying zone: $7.17 to $5.53
Fibonacci projection or sell zone: $11.10 to $17
Regards,
Atif Akbar (moon333)
LINK following our channelIf you like my TA or other ideas, please leave a like to show support. It helps me out a lot
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- 4th big retest of the lower channel
- Rally towards the middle
- Strong resistance around $10.2
If we break $10.2, we could see further movement towards the top o/t channel @ $11.5. After which, we could see:
- a breakout (w/ a nice amount of volume) and a continuation towards the next resistance @ $13
- a rejection and again a move down towards the bottom of the channel
If we hold $10.2, I would be looking to short with my target just before the bottom of the channel and my SL @ $10.5
Safe trading Marines