Linklong
LINK On A Godly Like Run?!My Fellow Crypto Traders,
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ANALYSIS:
As the market is in consolidation, this is not just any consolidation for LINK. History illustrates that LINK, the demi-god, has godly like pumps after bouncing off lower channel wall. And with more eyes on crypto, due to BTC, we could see LINK have some massive positive price action. Therefore, I would BTFD because Price-Discover Phase is coming.
*Note: This not financial advice, nor am I an F.A, thus please take my analysis with a grain of salt.
LINKDOWNUSDTWe can just watch BTC price @ this moment.
Near ATH, some exchanges new ath, lot of emotions, lot of money for Bitcoin.
My theory is to just buy more Linkdown bcs I wait next BEAR MARKET. Imagine that the LINKUP and LINKDOWN just switch places? Is that possible? Yes, when BTC does he's thing.
So just long hodl and small bags for it...
LINK.USDT (Y20.P5.E2).Harmonic or H&S?Hi All,
Note:
This is a continuation of the previous post for link and at the end of this post, I made this update. Now we are continuing off this update.
Those who know me, I like to continue off the price action story when its relevant.
My Thoughts:
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> I'm first suggesting like BTC, we are now in a downtrend and should trade that way;
> I made a fair bit of effort to look at it from many angles with the following:
a) EMA \ RSI weekly and daily perspective; (34 to 50 weekly ema)
b) Head and Shoulders scenario; (height of head is used as target)
c) Inverted BARR approach; (where the wave started from)
d) Channel approach;
e) Support and resistance\fib level approach; (double bottom scenario) and macro 0.382 fib level.
f) Harmonics
From all this, I have concluded for now, this green zone makes sense;
You be judge:
Note the double bottom fractal.
> Here we have the following elements of a, b, c, d, e, and f;
We are doing the ABC motive\impulse wave based on cycle theory and wave analysis;
> From the HARMONIC perspective, the price can fit into a number of Harmonics so we will have to wait to see what point C is to know or estimate where point D will likely be.
We can have the double bottom approach, represented by the ABCD model.
> If you look at the macro chart below, one can see the mid line of the channel which acted as strong resistance (5) and hence will be strong support
at point (c) which resonates with the level of the double bottom.
> Another approach is the inverted barr method and it too has point C of the ABC wave;
This also resonates with the weekly support level;
> The Weekly chart: bottom ema ribbon = 34 to 50 EMA, acted as support. I think the 21 weekly ema (lime) was tested and we got a bounce already
but I see this as point A of the ABC wave and hence will not hold
Note the weekly RSI level which gave a consistent continuation trend support level.
BEARISH Scenario
Please give me a like or tick for this post,
Regards,
S.SAri
Ascending Channel on LINK Will Soon Hit Resistance!A very important moment is coming up for LINK. We can clearly see the oscillating price behavior over its recent upwards trending price. Even though there is a high variation in price, we can still see that on average the price is moving up steadily over time.
The question is, what will happen when the bullish trend will finally meet the important $14 resistance? If the price can break through, I expect a very bullish continuation. Perhaps all the way until $20 again from the previous all-time-high.
We already know that the price is capable of reaching such highs, and there is at least a 38% gap to get there still. I would argue it's unlikely that we have already seen the maximum price LINK is ever going to reach given that it's a project still so early in development.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
LINK/BTC long I'm not super into this trade, it being the eve of US election, so definately manage your risk... but gonna take a link long here vs btc.
Taking the low from October 7 as a basis for a stop, its a 6R trade.
But if the most recent low is taken, it is over a 10R trade.
And if it does get to target area, indicated by green resistance line, around 95000 sats, I will manage it with a moving stop as opposed to a limit sell, as that will be the 5th touch on the resistance, and it very well could break through to the upside and reach its previous all time high.
Entry: 0.00081122
Stop: 0.00080000 or 0.00079000
Targets: 0.000850000, 0.00095000, w/ trailing stop
Watch out for election wicks.
Travis
In God's Will
JMJ
Link LONG set up with potential price targets (Ward method)I would say that if the red RSI closes above 50 on this daily candle we are safe for entry.
It currently looks safe for entry but if the price dumps the red RSI can be "pushed" down back below the 50. If the red RSI closes below 50 we would be in danger of falling down when the white energy in the 12h time frame exhausts. That is why I say we must wait for the red RSI to close above 50 for a SAFER entry
Link/usdt 2nd wave?Link/usdt
After forming double bottom and showed some consolidation last days its looking good now
Buy area : after the break of trendline
But Best buy area : after also break horizontal resistance
Around 11-11.35$
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
LINK/USDLINK MARINES COMMENCE!!!!!!! I have a very good feeling about this coin over the next few weeks. Looks like it bottomed out pretty hard in the $7.50 area. Wouldn’t be surprised to see a run towards the top of the descending wedge over the next couple days. If it makes a push through that (and holds it) I’d expect the run to continue (see chart for next target areas). Good luck y’all!
LINK/USD AnalysisToday we are going to look at the prospects for the LINK / USD pair.
It is obvious that the uptrend on this instrument is over. The main correction is also completed, the time has come for a boring sideways movement.
Nevertheless, there is a high probability of a retest of the main support, it is at the previous local highs, these are the levels of $ 4.30 and $ 5.
The trading range will narrow over time, but for now it is wide enough for fast trades.
LINK/BTC: Imminent Breakout Analysis - 1D, 1HIn this post, I'll be providing an analysis on Chainlink (LINK), shedding light on its daily and hourly chart through technical analysis.
Daily Chart Analysis
- To begin with, the daily chart is on the left, and the hourly on the right
- The daily chart demonstrates that prices are trading within a descending channel, forming lower highs and lower lows
- The Relative Strength Index (RSI) is at neutral levels, showing signs of a potential breakout
- The Moving Average Convergence Divergence (MACD) is forming a potential death cross, but has not provided confirmation yet
- We can interpret the current setup as a consolidation phase of a bullish flag pattern
- Should we see prices break through the upper channel resistance, we could potentially expect another leg up to 0.002btc
Hourly Chart Analysis
- Zooming in on the hourly, we see clearer signs of bullishness
- Prices are forming an ascending triangle pattern, in which the tops of the pattern are rejected at 0.000894 btc levels, while higher lows are formed
- The RSI is also in an uptrend, forming higher lows as a sign of momentum building up
- Based on the ascending triangle pattern, we can count Elliott triangle waves (ABCDE)
- This wave count shows that a breakout through the triangle pattern is very imminent
- The 100 Simple Moving Average (SMA) on the hourly chart is a good reference of support/resistance zones.
You can check out my other analysis on Waves (WAVES) which had a very similar setup: an ascending triangle within a descending parallel channel.
Conclusion
Chainlink seems like it's headed to retest previous highs as indicators and bullish pattern setups demonstrate potentiality for a breakout.
However as always, don't predict the market. Take it by levels, and play by probabilities.
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