Market Context:
LINK has been consolidating in an area of support, presenting an opportunity to enter into a long spot position.
Trade Setup:
Entry: Ladder into a long spot position in the $12.70 - $13.25 area of support.
Take Profit:
First target: $14.60 - $15.30
Second target: $16.20 - $16.90
Stop Loss: Place the stop loss just below $11.80.
📊 Monitor the...
Trade Overview:
After a significant upward move, LINK is now consolidating at a support level, presenting a potential opportunity for a long spot trade.
Trade Technical Details:
Entry: Ladder into a long spot trade in the $16.00 - $16.75 support area.
Take Profit:
First target: $18.60 - $19.60
Next resistance: $21.50 - $22.50
Stop-Loss: Set just below $15.50 to...
Trade Overview:
LINK is exhibiting a triple bottom pattern with potential strength indicated by acceptance above the monthly open, signaling a shift in structure on lower timeframes.
Trade Strategy:
Entry: Consider entering into the buy zone between $12.50 to $13.50.
Take Profit: Set take profit targets at $16.00 and $16.80, with the next area of resistance at...
LINKUSD is trading inside the 0.5 - 0.618 Fibonacci range of the 18 month Channel Down pattern. The 1D technical outlook is slighly bullish (RSI = 58.592, MACD = 0.070, ADX = 30.217), which means that even though we are not at the start of this uptrend, there is still upside left.
The current rise was achieved after a Low on the 0.786 Fibonacci level. Inside this...
Chainlink on a 1M LOG Chart showing the high and low on Jan 1 2022 assumption.
Circled areas are the touches of the Equilibrium on the Parallel Channel.
What are your thoughts? Comment below and hit the like please. Thank you!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't...
After Link smoked the 2 targets specified in previous analysis () is still on her way in a nice bullish uptrend channel and she's likely targeted $55 on her channel...
Well, another target $13.50 has been achieved from our global idea , which we published 2 months ago.
If we refer to the previous idea on Link , then the fall started from the indicated point, but stopped near the lower limit of either a bearish wedge or a bearish flag.
Two scenarios can be forecasted for the next week:
1. If the price fixes above $13.50,...
LINK's weakness over the past two weeks is actually impressive. Considering that it is the largest coin among the DeFi projects in terms of capitalization and the second in terms of trading volume. And then, the second it became quite recently, thanks to the launch of its DEX Uniswap coin for project management.
Globally, we see no reason to revise our...
LINKUSD is on a pull back following the uptrend early in January.
Levels to watch:
- 3.2200 is the resistance and 1.6000 the support.
- With the price trading sideways within the resistance and support, a Death Cross in December marked the bottom (near the support). Potentially a Golden Cross may indicate the top (near the resistance).
- The MACD is turning...
