see head and shoulders in downtrends so I open a short position linkusdt
Link has been stuck in this range for an awful long time. In this count, it is labelled as a diagonal 5th + corrective wave 4; which could explain why we've been in this range for so long. Looking for a pullback to test bottom support to take out range highs.
After a nice pump on bullish news for link it is setting itself up for another nice move to the upside if a bullish flag forms and brakes to the upside. Fundementally the news of cross chain liquidity pools is in the works and has buyers bullish. There is also a fairly nice fair value gap below that corresponds with the current uptrend and golden pocket retrace...
In this trading idea, we will explore the potential shorting opportunity for LINK/USDT, driven by recent news-induced overbought conditions and strong over-extension from the TBO Fast Line. The confluence of factors, including resistance at previous TBO Resistance lines and the 0.236 Fibonacci level, presents a compelling trade setup. Reasons we are looking to...
💎 For over a year, #ChainLink has been range trading, but this changed in the last week. #LINKUSDT experienced a decisive break and close below the $5.5 support area. From a technical perspective, this could be seen as confirmation of the downtrend. However, we must consider the year-long price action before drawing conclusions. It is prudent to wait for the...
LINKUSD is having the strongest 1D candle of the year, turning the 1D time-frame technically overbought (RSI = 73.130, MACD = 0.370, ADX = 25.207). This rise may have taken the price above both the 1D MA50 and 1D MA200 but just hit the top of the 8 month Channel Down. Technically that is a sell signal, targeting the bottom of the High Variance Belt (TP =...
Chainlink holders have been in pain ever since May 2021 (the point where I sold around $48) but luckily after hard times, the strong survive and good times are coming. We tapped the last imbalance and the 6.18 as a macro support which lines up perfectly with the spring phase in the Wyckoff accumulation scheme. To me it looks like we will exit this sideways chop by...
LINKUSDT has been heading for weekly resistance and has now come very close to it. This resistance has been tested several times and every time the price comes to test it, the probability of the price breaking it increases. Anyways, even if it has to break it, some retrace should be expected. Therefore, a long might not be favorable here. It should be favorable...
The possibility of 450% growth for Link currency can be close. The currency is about to try its luck to break this range once again as it nears its 840-day downtrend, a failure that would allow the currency to gain more than 400%. But how likely is this possible? Where is secure login? What is the entry requirement? What should be done now?
To date, we have come to another opportunity for market growth. The second half of the year, after an intense struggle, opened above 1900, which gives support and opportunities for 2250-2500 test attempts. The continuation of the trend in a row from the first numbers was disrupted by the drawdown of the euro, which I warned about, because quite strong pullback...
The initial significant level of resistance lies in the vicinity of $7.342. A definitive breakthrough above this threshold has the potential to initiate a fresh upward movement towards the $7.500 and $7.893 levels. Subsequently, the next prominent resistance level emerges around $8.000, surpassing which the price may revisit $8.800. In the event that Chainlink's...
Trading Setup: There is a Trading Signal to Buy in LINKUSDT Chainlink Traders can open their Buy Trades NOW ⬆️Buy now or Buy on 6.648 ⭕️SL @ 6.366 🔵TP1 @ 7.421 🔵TP2 @ 7.855 🔵TP3 @ 8.529 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning Trading ...
Hello, Community! Let's continue analyze altcoins using the SmartBot algorithm. While Bitcoin is staying at the same price and it's trading is so boring and not a profitable, BIST:LINK is showing us some interesting opportunities. If we set up the strategy start period at the beginning of July we can see that SmartBot has created the previous base and...
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ChainLink (LINK) technical analysis: Trade setup : Trends are improving. Price has bounced up from oversold levels (RSI < 30) near $5.00 support zone and above $6.00 resistance. However, it needs to break above 200-day moving average (~$6.70) to confirm trend reversal. Trend : Uptrend on Short-Term basis, Neutral on Medium-Term basis and Downtrend on...
LINK is forming a head and shoulders bottom, on a daily timeframe, if this turs out to be legit, it could give a pump of at least 15% targets are weekly 12EMA and 21EMA
Here's your weekly update ! Brought to you each weekend with years of track-record history.. Don't forget to hit the like/follow button if you feel like this post deserves it ;) That's the best way to support me and help pushing this content to other users. Kindly, Phil
A close-up view, and if we want to imagine a support level for higher price penetration in the 4-hour period, three green lines are appropriate.