LINK/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this LINK/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Chainlink (LINK) was one of Tuesday’s biggest movers, as the price surged by as much as 4% during the session.
LINK/USD hit an intraday peak of 7.42 earlier in the day, following a low of 7.00 to start the week.
Yesterday’s bottom was also a long-term support point, with bulls choosing to reject a breakout on this occasion.
This comes as the 14-day relative strength index (RSI) continued to move away from a floor at the 48.00 mark.
price strength is tracking at 52.20, close to a resistance zone of 53.00.
In the event this level is breached, there is a strong possibility that LINK could move towards 7.50.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
Linkshort
LINK/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this LINK/USD update by CRYPTO SANDERS.
CHART ANALYSIS:-chainlink (LINK) rebounded from Thursday’s losses in today’s session, with the token climbing by as much as 5%
Following a low of $7.17 yesterday, LINK/USD raced to an intraday high of $7.65 on Friday.
As a result of the rally, chainlink once again moved above its long-term resistance at $7.55, hitting a one-week high in the process.
Looking at the chart, today’s breakout coincided with the RSI climbing past a ceiling of its own at 55.00
As of writing, the index is tracking at 57.54, which is marginally below a higher hurdle of 58.00 points.
Should bulls move beyond this point, then there is a good chance that LINK will move toward $8.00.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
LINK/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this LINK/USD update by CRYPTO SANDERS.
CHART ANALYSIS:-chainlink (LINK) was also in the green in today’s session, with prices trading by as much as 7% higher.
LINK/USD rose to a peak of $7.17 earlier in today’s session, after falling to a floor at $6.57 the day prior.
Friday’s rally came after LINK bears failed to sustain a breakout at a long-term support point of $6.60.
However, bulls were able to move past a point of resistance at 50.00 on the RSI, which was one of the catalysts of today’s climb.
As of writing, the index is tracking at 52.71, which is close to a ceiling at the 54.00 zone.
In the short-term bulls may attempt to send the token to $7.50, however, there appear to be several obstacles the way that could prevent this.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
LINKUSD - POSSIBLE SCENARIO #2Just charting a couple different possible scenarios for Chainlink because I'm bored. This is similar to the one I previously posted but with less downside and a lower cycle top. Keep in mind I am not trading this or using this as a strategy whatsoever, just some random TA for me to practice with tbh
LINK - The Bearer of Bad News & Great NewsLink has been hovering around the 0.382 fib retracement for quite a while, tested it 3 times, i never trust the 4th nor the 5th test on a support line.
"Stop talking gibberish and give us the bad news nah"
Bad Nus: $LINK will go down another 80%-90% :D before this bear market is over.
Great Nus: $LINK will be a $1k-$2k token at the peak of the next Bull Run.
- Weekly MACD (Bearish)
- Weekly Pekipek's Divergence BETA (Bearish)
- Weekly RSI (Neutral)
- Weekly Stochastic RSI (Neutral)
- Weekly Cipher (Bearish)
- Weekly OBV (Bearish wtf OBV r u in distribution mode?)
LINK Short idea - Just under a KEY Resistance levelstrong support and resistance level at 0.3026
not recommended to enter now or on the break of mentioned level
due to recent attempts
buying the retest is safer
dotted lines provided to show
why i picked my areas for targets
notice the dotted lines are under
candle bodies and wicks
price movement prediction
Price Prediction
not financial advice
this is for entertainment purposes only
always DYOR
LINK : Bearish setup here...Link is trading inside a bearish pennant like pattern and if price breaks below the trendline, Expecting more downside for Chainlink.
Traders can keep manual stoploss of hold above 7.2
LINK CAN MAKE A CORRECTION AGAINFirst of all, I need your support to continue my activity and provide analysis. Please support, otherwise my activity will stop.
These few days, I gave Scalpi setups for the link, and they all hit the first target. In my style, after seeing the first target, we save some profit and then risk free. Even now, I think this setup can provide a scalp for shorts.
$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.
LINKUSD Short ScenarioMarket is in overall downtrend, but in 1h timeframe we can see an upwards correction, market already formed a main lower high, which means we should see a break of a correction structure, retrace back to it and down a downfall of a price at least to a recent main lower low.
Entry: 7.29 (After break and retest)
Invalidation: 7.98 (Above main lower high)
Target: 5.56 (Main lower low level)