Linklong
LINKUSD Dominant UptrendLINK has fallen quite a lot, just as other cryptos
The question is where will this falling stop.
I see a major trend line in Green which aligns well with another weaker uptrend in blue, and a downtrend in red
At this area price is around $5 per LINK
This is also at the 0.618 Fib level
LINK Army Hodl The Door!LINK looking prime for a drop to sub $1, when this correction is over! After a little dead cat bounce and continuation to the down side. None of my 4 indicators showing any bullish confirmation on the Weekly Time Frame.
- Weekly MACD ( Bearish )
- Weekly Pekipek's Divergence BETA ( Bearish )
- Weekly RSI ( Bearish )
- Weekly Stochastic RSI ( Bearish )
LINKETH - MONTHLY BREAKOUT (LONG) $LINK Chainlink $LINK has broken out of a brutal downtrend against Ethereum $ETH. LINK has been bleeding against ETH since August 2020 and finally looks ready to breakout of the trend and hopefully go to new ATHs. Link was the star of last bear market, and as we head into poor macro conditions, it looks like history may repeat itself. LINKETH is also sitting on major support and I'm fairly confident that it will hold strong. This could be another fakeout like we saw a few months ago - but I'm optimistic LINK will start outperforming soon regardless. During the mania phase, the market greatly over valued various L1s, meme coins, metaverse, governance tokens, etc. Its time for a return to normalcy and for only the strongest projects to survive/thrive.
Chainlink LINKUSDT Swing Trading Setup Buy Opprtunityin this chart you can see Chainlink 6 hour chart and breakout two month old resistance line and after that hold as a support,
Current price Linkusdt $9.2 we can expect now price will go down 0.61 fib level $6.8-7$ and if hold that support and we will see reversal candle,
Then we have buy Opprtunity there,
it's a swing trading setup and if it's work so we can expect target will be hit next 2-4-8 weeks.
If you want to invest this so please don't forget to put TP n SL.
Wish you all the best.
Make Profit with Rashid
Here's our recent Analysis:
chainlink (Long setup)Chainlink (D1)
Chainlink (#LINK) is currently sitting in a massive trendline support. Stoch. RSI Shows bullish divergence and i am waiting for a Bounce confirmation from here...📈
LINK/USDT Inverted H&S Pattern So Target after breakout us $36#LINK/USDT TA Update:-
$LINK currently trading at $13.9
Price consolidating in Shoulder Pattern.
Left Shoulder already completed.
Head Also completed.
Now If Candle not break below $12 then We can see Big Upward Targets.
I am Buying some here because Inverted H&S Pattern.
Entry:- $12.50-$13.90
Targets:- $21.55/$28.77/$36.12
Stop Loss:- $12
Recovery for LINKUSDChart comparison Between Link and the earlier days of ETH
ETH went through a long period of being flat which is a possibility for LINKUSD
This pause period can be seen on the MACD as the bear cross
Recovery could be as earlier as it touches the 50MA or later shown by the comparison