Another one for us is going to be LINK/USDT pair. At the moment it is hard to tell where we should go with this coin but we have drew some possible scenarios for you guys. We are going to take actions only once we reach any of our levels - Stay tuned!!!!
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As we can see on the 4H chart, we have a Max Gartley pattern in formation. The PRZ - potential reversal zone - is very close. Pivot points can be observed in the Fibonacci Retracement. Fisher Transform Oscillators (www.tradingview.com) and Ehlers Stochastic Oscillator-LazyBear/) in bullish momentum.
LINKUSDT is in a 4H bullish momentum driven by the daily relief...
LINK has had a large pullback and I don't believe we have the momentum to move forward. This coin has also avoided crashing, as the rest of the crypto space has seen a reversal.
RSI has fallen under the EMA ribbon, reflecting the downward move in price action. We will see resistance form this from this point on if it tries to rise back up.
MACD and TSI have...
Link looks pretty strong in the immediate short term, but for the long term I am still very bearish and I will tell you why in this analysis.
We have a huge descending parallel channel on the daily chart and there are still no signs of a trend reversal. The first is that we at least need to break up this channel to be more confident.
Also, my Elliott Wave...
N.B. My analysis is not based on Harmonic pattern but this Harmonic pattern is based on my analysis so don't ask me later if I drew the Harmonic pattern wrong
Trading proposals post based on price action,
technical analysis, major intraday supports
and resistances, rejections, breakouts, chart
patterns and other factors.
How this analysis was done:
First I find...
Clear chart for my previous analyze (you can check in related ideas)
for Now, the best position is short, we are under supply zone
wait in the supply and demand zones and make your decision,
my decision: I am in a short position and I am sure if goes up it can bleed more and more...
The daily demand zone is valid for long setups.
Hello Dear friends
Double ceiling pattern in four hours time frame!?
Considering that the $7 range was completely consumed in the previous corrective process, we have more mentality to continue the downward trend.
We would be happy to hear your comments
Potential Head and Shoulders Top 3D scalp trading
LINKUSDT is initiating a bearish momentum on 4H chart. The price action tested the trendline w/ weak volume. Expecting a neckline validation for a turn-point to scalp the probable right shoulder of this bearish pattern. Then I traced horizontal lines to look for the potential pivot price levels. Oscillator Fisher...
the price is inside a descending channel in 1d Tiframe.
During the weekend the price tried to create a breakout.
How to approach it?
IF the price is going to flip the daily resistance into new support, According to Plancton's strategy , we can set a nice order
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
LINK needs to reclaim upper range band with confirmed candles (as seen drawn in green/red candle like boxes) and then I will long.
For now, this is a temporary short imo back to mid-range if we see a break in the recent trend's market structure. That's a short-term scalp though, so I'm not interested.
Ping Pong until further notice I guess, range still in tact...
I remember someone asking me about LINK.
Here are the numbers for you trade:
ENTRY: $6.9 - $8.1
STOP: Close daily below $6.1
This is not financial advice.
LINKUSDT has been trading under the falling resistance.
The price currently approached to falling resistance and has given breakout above falling trendline.
The price is trading above the100MA. The bulls will get complete control above the break of horizontal resistance zone .
The bulls are in control.
Trade your level accordingly.
Link has already corrected by 90% from the high, I don’t expect a very strong drop , maximum to $4-4.5
One of the positive signs is that when Bitcoin updated the bottom in June and fell from $30k to $20k at the same time Link held the $6 level and a strong buyer came out during this fall which still holds the price higher, which may indicate the beginning of Link...