$LINK | Short Term Long With LINKUSD touching the 200EMA on the hourly, this could be a good spot for a push back to previous area of around $7.12 in the short term especially at extreme oversold levels. This isn't a long term BUY as $LINK has to make it past the downtrend line for me to consider a massive move but in the meantime might as well make a little gain. Good opportunity and based on previous movement, place stop loss below the swing low.
Chainlink
LINK USD WEEKLY OUT LOOKLINK still looks absolutely amazing on the weekly time frame.
Not much to do analysis on honestly. Still looks and seems extremely bottomed out. Still targeting 28.86(285% gains) and 38.22(412% gains).
These are the times to dollar cost average into low risk and INSANELY high reward set ups. I absolutely love this set up with a wide stop loss at 4.96
Trade safe and remain patient when trading based off analysis on the weekly time frame.
What’s everyone think?
Chainlink LINK bearish sentimentSeptember has major catalysts for the crypto market as well as for the stock market.
The Ethereum merge on September 6th, that will end on Sept 20, the inflation report on September 13 and the next FOMC meeting afterwards with the new interest rates hike.
That is reflected in the crypto space in general as a bearish outlook.
Chainlink LINK has a negative overall sentiment recently.
I have the following price targets:
LINK/USDT short
Entry Range: $6.50 - 7.10
Take Profit 1: $5.10
Take Profit 2: $4.50
Take Profit 3: $3.90
Stop Loss: $8.10
LINK - short trigger Technically my short trigger has hit, the market showing some strength yes, but if I stick to my rules it would tell me to short this area with a tight stop-loss.
Time will tell if I am wrong or not, but that is why I have invalidation levels (reclaim mid-range I am invalidated).
V
LINK/BTC 4HLINK/BTC has broken the LTB (downtrend line) and will likely break from the bottom up, looking for congestion at the gravitational center of the cloud. After passing the resistance imposed by MM200, it will quickly reach the target of 3601
Chainlink is a blockchain abstraction layer that enables universally connected smart contracts. Through a decentralized oracle network, Chainlink enables blockchains to securely interact with external data feeds, events and payment methods, providing the critical off-chain information needed for complex smart contracts to become the dominant form of agreement. digital.
Chainlink found support on WEEKLY RSISupport and possible bottom reached on weekly RSI. sitting at under sold and a curl up will confirm Chainlink has found support on top of weekly downtrend line. Look for a $13-$16 coming in the next month or so. Pattern currently follows a break out during the autumn Equinox Sept 23rd. Good luck and happy trading.
Chainlink lesson.Today I am posting brief . This is Chainlink on daily chart moving in downtrend channel from ATH above circa 50 $.
It's technically in bear market as other tokens and altcoins, below MA200 weekly.
I added some Fibonacchi and Fib circles. This chart also contains green historical support.
Fractal showing how could, or would progress into a near future.
Fundamentals are also against BTC and Ethereum projects.
Lower mining income could lead them to capitulate.
That way miners difficulty go down.
... that's why and how I 'm think LINK probably melt below 3 Dollars and visit Fibo 382.
Let it monitor.
Emv o.
*This is not any financial advice.
LINK - Scenarios A B C Link, ahh good old Link. How have you been, tough year hey? Well, good thing is you're still kickin' around despite all this blood on the street.
I haven't charted LINK in a long time, but I feel now it is time again. My thoughts are all written on the chart, clearly, with BOTH short and long triggers.
I don't really care if you agree or disagree and in fact I welcome it, because being a successful trader means having invalidation levels and accepting when you're wrong. In other words, being objective and mature. (I got some trash talk last post from someone who was butt-hurt about the bear market, if you're a positive person I absolutely welcome your feedback, please!)
Anyways, LINK is clearly back into the range, having swept the highs and lows of liquidity. Sitting on support and likely waiting for what ETH and BTC are going to do next. Given it could go either way, please enjoy my long and short scenarios on the chart.
LONG - above a reclaim of $7.80-ish
Short-term Long - Enter on another minor dip around $7 and SL below wicks
SHORT - below losing $6.70-ish
I don't love drawing lines of where price may go, so really I'd just play it level to level and keep it simple. We have the mid-range currently acting as support, lose that we have a bullish order block in green box and obviously below that we have the macro low. It may sound like a lot of support, but if bitcoin tanks LINK is double tanking!
Or we reclaim range high and test resistance, but I would either wait for confirmation to enter (above $7.80-ish) or I'd enter SOON with a tight stop loss below our most recent wicks shown in the "Potential ST Long"
For now mainly chop, no clear setup. Need more PA to develop, as per usual.
Get your 8 hours of sleep tonight Anon!
Cheers
$link short | sub $7 targetwe've been short $link since the 10th and are expecting a serious pullback, along with the rest of the market. similar set up to our bitcoin chart posted a few days ago (linked)
legacies also look topped.
this is either going to bounce around the lows to form a wave 2 bottom, or this was dead cat and we have 5 more waves down.
playing it level by level.
LINK - Long-Term Trading Plan!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
LINK rejected a strong support and round number 5.0 in green, so we will be looking for buy setups.
on DAILY: LINK formed a valid wedge pattern in brown and now forming an inverse head and shoulders but it is not ready to go yet.
Trigger => for the bulls to take over, we need the right shoulder to form and then buy after a a momentum candle close above the gray neckline (11.0)
Meanwhile, until the buy is activated, LINK would be overall bearish can still trade lower inside the horizontal support in green.
In this case, we will be looking for new buy setups to form on lower timeframes around 5.0
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Chainlink continues bearish trend $3.96-$4.20 possible future for Chainlink if support can't hold on second pump to $7.50 area. Long outlook possible retest $9 if this holds pump to $12.
LINKUSD daily time frame analysis Yellow fib drawn on the weekly time frame. This is the long time frame expected targets.
White fib drawn on the daily time frame. This gives us guidance for the short term targets and possible rejection/volatile levels.
Red boxes are drawn on the daily time frame where wicks are expected to fill during the next pump.
Let me know what you think.
LINK to $8.5LINK to $8.5.
Nice breakout and pullback. If bullish market will continue, second target is $18.
LINK MARINES GETTING READYEver since the finish of this textbook falling wedge (), Chainlink LINK has been setting a zone of accumulation.
Only a matter of time before it impulses out of nowhere forcing bottom sellers to fomo back in
Hold my beer pls
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No financial advice, do your own research, don't be stupid
Link inverted parabolaLink broke out of it's 434 day bearish parabola (in purple). In my experience, that means we have some upside ahead of us.
Keep in mind we're still in a bear market, which means that I see this pump as a dead cat bounce. I believe the price will rise in the next few weeks, crash to a new low in September, then move sideways between ~5 - 10 dollars until the early days of 2024, i.e., right around the time of the next BTC halving. Then we begin a new 1.5 year up only cycle, at which point LINK should pump high as hell.
These dead can bounces can be very profitable if you know where and when to sell. I've marked interesting resistance levels at which I intend to sell.
I've attached my macro BTC chart, and macro LINK chart, for accumulation zones.
Chainlink (LINK) - August 10Hello?
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(LINKUSDT 1D Chart)
Primary resistance: 9.731
Secondary resistance: 11.064-11.976
Support: 7.411-8.290
If the price holds near 8.290, I would expect a breakout attempt to move above 9.731.
When it falls below 6.7, Stop Loss is required to secure cash.
- Since the RSI and Stoch RSI indicators are entering the overbought zone, it is necessary to check where support and resistance are found when the RSI and Stoch RSI indicators break out of the overbought zone.
Therefore, you need to make sure it is supported in the 7.411-8.290 section.
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** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points.
** Background color of Long/Short-S indicator: RSI oversold and overbought sections
** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry through split trading. It is a short-term investment perspective.)
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