Since June2022 chainlink is in accumulation bearish zone. The Resistance(S.Chart) has been tested 5 times, where the sellers pushed down the market,with increased bearish volumes. A break down oof the channel has more probablitiy as the bearish volume in the southern areas is increasing(I have marked them for you with red arrows) The market collapsed after the...
The Chainlink / Bitcoin (LINKBTC) pair made a first and important move towards a bullish break-out last week as it broke above a Lower Highs trend-line that was holding since August 2020, practically dominating the recent Bear Cycle. Despite the break-out though, the 1W candle was rejected on the 1W MA100 (green trend-line) and 1W MA200 (orange trend-line) zone...
If this can hold which I think it will we have a ton of upside, whole market is scared crapless, a whales paradise. Both the vs BTC & ETH broke 2 year long downtrends and look great also.
Looking for upside after this higher high thats been set.
Very similar price action, no? The only difference really is that the first touch on 1.618 didn't exactly (touch) But it shows the potential, of how quickly formations that look at first sight really bearish, have hidden bullish characteristics.
Trading Signal: A Trading Signal is seen in the LINKBTC Chainlink / Bitcoin Traders can open their Buy Trades NOW ⬆️Buy now or Buy on 0.000744 ⭕️SL 0.000669 or SL on uptrend breakdown 🔵TP1 @ 0.001040 🔵TP2 @ 0.00130 If you liked our ideas, please support us with your likes 👍 and comments .
Following is my analysis for CHAINLINK (LINKUSD) using wave theory & Fibonacci measurments: 1) On Apr 15th, CHAINLINK (LINKUSD) touched its all-time high $44x 2) The market went into a correction mode after a 4-month uptrend taking the price from $9 to $44 3) The correction looks like a wedge correction called triangle diagonal in Elliot series forming...
Nice set up for a good r/r. Also good long entry in my opinion.
Everything seems going well for link; do you guys think it will break red redistance line or face a throwback?
Mid-Term Forecast Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (0.00110). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . LINKBTC is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which...
✅In this video, we talked about Bitcoin, SPX and LINK. I see a great potential in this short trade. My 3 reasons are 1) Too far too fast 2) TD 13 on Daily and Weekly Sell Signal 3) Megalodon Institutional Investor Strong Sell Signal 4) 60 minute price location breakout level 5) Good risk reward 6) Coronavirus shotdown in states 7) Stock market TD9 Top 8) Bitcoin...
Sorry to keep it short & sweet with another quick 2 publications today! I promise I"ll make a nice fat juicy/lengthy one tomorrow :) TIMEFRAME: Mid. RiSK/REWARD: LOW/MID Everything you need to know is on the chart including the stop (included 2 figures) Personally I'm going for TP2; CHAINLINK has been and will be one of the more promising tokens ushering...
The fundamentals of Chainlink suggest this coin may become a monster. Right now however the weekly chart looks top heavy and we might see LINK drop to $3 from its current 3.70 (a 22% decline) to find support before testing its ATH at around $5. One to watch because above $5 its open price discovery and we currently expect LINK to be a top performer in the...
$9.5 long term target in $LINK Short term: We're patiently waiting on +$8 That level will be your golden opportunity for a move Moving below $1.97 would invalidate the short term count and give us a bearish warning. It also doesn't help that the chart I used (binance) differs from the current one (coinbase). Fucking scam wicks! And that's not the...