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BIST:LINK update 🧵
Rejected from level identified.
Triggered a short entry, 20.246.
Now at AOI, identified.
Trade is counter trend atm and at an AOC,
TP here on short, looking for react to add long.
Need react 1st.
#alts...
After countless wicks above the pink channel on the daily time frame, link finally broke upward with authority and has already reached the channel’s measured move target. Once we switch to the weekly timeframe shown here, we can see that channel is also a very valid looking weekly bullflag and the measured move target for the bullflag Breakout is $25.30 or so. Now...
Unveiling a potential crescendo, Chainlink (LINK) pirouettes around a bullish narrative on the crypto stage this October 5, 2023. The meticulous choreography of a 'cup and handle' formation on the daily chart hints at a grand leap awaiting at $7.79. As LINK twirls at $7.732, marking a 4% ascent in the last 24 hours, the spotlight sharpens on the breakout...
LINK/USDT Technical Analysis
Chainlink (LINK) is currently trading at $5.37, down 90% from its all-time high of $54. The cryptocurrency has been in a downtrend since the start of the year, and it is currently forming a bearish flag pattern.
A bearish flag pattern is a continuation pattern that forms after a sharp move up or down. The flag is formed by a...
#SM.DUNZA-30min-LINKUSDT #BINANCE #LINKUSDT
Close long position if opened.
OPEN NEW/ADD TO SHORT POSITION
Enter around: 25.66
TAKE PROFIT:
25.121, 24.891, 24.329, 23.972, 23.257,
STOPLOSS:
26.1,
We recommend moving stop loss to break even once the first TP is hit
Signal issued on 2021-08-12T11:00:00Z
LinkBTC has gone against the lower limit of the weekly bollinger band twice before. Technically speaking those would be the best time to go into link versus all other major coins considering how important btc pairs are. BTCUSD has been on an absolute tear and that is why linkbtc has been brought to the base of the bollinger band.
The wicking and now green...
Chainlink has been on an incredible run as of late, and I’ve been looking for patterns to predict when this may finally reach it’s peak and enter a correction. What I’ve found suggests we may see that peak around $9.29298 . Looking at the 4 hour chart it seems as if the current uptrend is on the 5th wave of a 5 wave Elliot impulse wave pattern.
The current trend...
