Usually for currency pairs with little past data, we often use the fibonacci level as the simplest.
There are 2 levels that I often use are 100% Fibonacci and Fibonacci 161.8%.
However, there are many cases where the price is too strong due to FOMO especially crypto, we can see 200%, 261.8%, 300% ...
So, I still recommend that you close 1/2 or close 80% of the...
I think that LINK has shown great gain and will rise even more. Right now I think that right shoulder is coming and then a small drop, even below the trend line. But it will bounce back with furious anger and intent :P
Right now price is at $2.34 , but 30.06-01-07 the price will be $3.2 . At least I hope so :D
Not an investment advice, like always, but my own...
Per the chart you can see a breakout from triangle on the 4hr chart. Lower wicks of the following candles have approached tests of the breakout have bounced near the top-line. I expect LINK to trade above it with moves going back towards $2.00 or 21200 Sats. A trading range around 19200-22000 sats is what I am expecting before continuing price discovery. Trading...
$Link / USDT bought some due to Chainlink mainnet release . tight stop loss .
HAINLINK Scoring
Overall Score: 57.15%
Open communication channels: 30%
Team strength: 63%
Product strength: 51%
Coin strength: 66%
Brand awareness/Buzz: 50%
Advisory board strength: 75%
Activity on social media: 0%
Quick Research
Purpose: Chainlink aims at creating an off-chain...
Here on the hourly after main net announcement, we have reached some consolidation with some selling pressure. This has created a triangle that is now at the end and is imminent for a move. Binance, is the leading exchange in terms of volume for LINK and will be back up for trade in the coming hours. I am expecting a lot of volatility at the open with new deposits...
LINKUSDT has been travelling in a channel since early January. As a USDT pair we see it as a candidate for a tagalong to BTCs recent rally.
Risky trade because 5600 is a likely point for BTC to retrace. Enter with a tight stoploss.
Buy: 0.4590 - 0.4687
Target 1: 0.4867
Target 2: 0.5085
Target 3: 0.5341
Target 4: 0.5815
Stoploss: 0.4485
Using a pitchfork, it seems that LINK's USD value has this line of best fit. If this is the line of best fit, I expect the time spent on each side to be roughly equal, so I expect a break above 60 cents before the end of April.
Additionally, I've included black S/R lines that seem to describe almost all price action dating back to the launch of Chainlink on...
Good opportunity to buy a coin with an upward trend an a USDT/USD pairing.
Entry: 0.38 - 0.4
T1: 0.448
T2: 0.484
T3: 0.52
T4: TBD
SL: 0.34
We recommend signalgroups.com for maintaining stop losses and take profit orders at the same time.
It looks as though LINK/USD price action has hit the median line from the bullish pitchfork and the upper channel from the bearish pitchfork AS WELL AS the trend line from all time highs.
This seems like a very likely place for consolidation and potential buy targets are around 0.35 (bullish channel bottom).
There's very little resistance above 0.60, so...
