Long term support crosses over medium term falling wedge formation. Having broken out of wedge, price action indicates a test of support on this “wedge” ceiling before rallying higher.
Murphy’s Law states that it will go lower. Perhaps one or two more tests of the wedge-ceiling-turned-floor?
When you see someone hyphenate 4 words together you should know: This...
BYBIT:LINKUSDT
1H trend chart
-
LINK has broken out its short-term downtrend line and kept consolidating whet it was close to Fib 0.5
After squeezing and accumulating, we can follow this trading strategy as below.
-
Profit Targets:
a) 20.730----Fib(0.618)
b) 22.898----Fib(1)
c) 24.442~25.066----Fib(1.272~1.382
Stop losses:
a) 18.773-----Red horizontal ray
-
...
Hello all. Looking at chainlink on the daily chart we see that we found support around $18 right at the long ascending support line (yellow line).
If we draw a resistance on the daily timeframe we get a resistance sitting at around $31-$32.
The fibonacci retracement from swing high to swing low gives us a golden pocket target which sits at around $29. This also...
Hi, Linkusdt it one of my favorite coins after AVAX as you know weeks back i posted about avax where it can go you can check yourself where it was at that day
I personally bought Link in parts my average price was 16.75 then I sell at 22.01. I don't like to give my profits back to the market and don't shy to book profits and now i am looking to buy again.
You...
I am a relatively new trader, so I hesitate to post an analysis, but I believe I can shed some light on what we are seeing with LINK. I remember seeing this pattern before. A sharp low is set, that low is tested again, then momentum takes over. Only to see momentum buyers punished for not buying the very bottom. As I see it, the selling we are seeing now is...
Good Evening guys
LINK is one of the most powerful project that is working on ...
(if you need any information fundamental about any coin you can send us messages in private)
According to the chart, the price after impacted to the resistance is fell down and now its in minor support zone area, if it cant support in here the price can drop more to reach lower PRZ...
Chainlink ( LINKUSD ) pulled back violently along with the rest of the crypto space on December 3-4. While some cryptos had their bullish setups destroyed and others were left relatively unscathed, LINK falls in between. While the nested very bullish PURPLE 1-2,i-ii setup that we had got invalidated with the break of the 20.83 low that we had with what WAS the...
The current CoinMarketCap ranking is #21, with a market cap of just $10,000,000,000 USD.
We all remember famous chainlink run from 0.5$ to 50$, but after it LINK enter into long consolidation.
Considering CMC ranking and M.Cap od just 10 Billion (for example, at the same time DOGE is at 22 Billion) LINK should reach 50 Billion at least in Q1-Q2 next year.
Price...
Well Link made some bounce back from the dip that happened on 5/6 december. It has established since 6 december a upward channel but it did broke out from it, but despite that it still may jump up. We have 0.618 fibo under our legs and also local support. MACD is heading towards a cross so we may get a nice upwards movement. Still we need to have in mind another...
We can see on the weekly chart that LINKUSD has formed a symmetrical triangle(bullish) with an ascending head and shoudlers pattern inside it(bearish). When we take a measured move o each patterns potential breakout target we can see that the bullish symmetrical triangle pattern has a breakout target of around $75 or so (depending where it breaks up from the...
LINK 1H support is at ~$20
Enter 50% here
and try to set some buy orders near the support zone
If LINK holds above the trendline,
the Take-Profit target would be $24, $26, and $28
Cheers
