LINKBTC
Link in Ascending Triangle! 20% Profit.LINKUSD - Short Term
We are looking to buy at the uptrend line or buy the breakout.
Trade will be canceled if the uptrend line get's broken.
Our outlook is bullish.
We are trading within a Bullish Ascending Triangle formation.
A break of 11.230 is needed to confirm follow through bullish momentum.
The bias is to break to the upside.
Our profit targets will be 11.860 and 12.458
20 and 50 EMA uptrend is active.
Resistance : 10.800 / 11.230 / 11.850
Support: 10.500 / 10.100 / 9.905
Signal Centre
LINKBTC MOVES DOWNThe exact day when BTCUSDT reached its 2020 high (16 Aug), LINKBTC has started its downtrend. This trend seems to be fit well in the channel as the chart presents. If the price do not penetrate the trendline and falls again, we will see the LINKBTC price around the channel line during a few days ahead with some probable pause and retracement on sup/res lines. By the way, an increase in volume around the trendline make sense!
LINK following our channelIf you like my TA or other ideas, please leave a like to show support. It helps me out a lot
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- 4th big retest of the lower channel
- Rally towards the middle
- Strong resistance around $10.2
If we break $10.2, we could see further movement towards the top o/t channel @ $11.5. After which, we could see:
- a breakout (w/ a nice amount of volume) and a continuation towards the next resistance @ $13
- a rejection and again a move down towards the bottom of the channel
If we hold $10.2, I would be looking to short with my target just before the bottom of the channel and my SL @ $10.5
Safe trading Marines
Chainlink buyers are coming back!Chainlink seems to have bottomed at 7.2869 as Pivot suggest and also daily support area
Looking more at daily, MACD is in third selling wave which ussualy means that sellers are satisfied enough.
Daily candle has a good possibility of bullish engulfing if the price closes above $8.75 per Link.
Looking at current hourly chart, the price seems to be forming a flag with a bullish outcome.
It's important to break $9, then Link can easily go all the way up to $9.92 which is 12% from the top of the resistance area and then to $10.3 which is 17% from the top of the resistance area.
Indicators looks good, $9 is the key level to break.
Good luck!
Tibor
LINKUSD UPDATES! Gaining Strong Momentum!Chainlink Getting Momentum Here!
A Chance to Breakout But Must Hold $9.5..
Notes To Consider:
- Still on The Downward Channel
- Slightly Overbought, Consolidation is what we are aiming for and not a Dump.
- We are Under 200 MA which is a strong resistance to break
- Rejected by initial attempt to break $10.5
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⚠ DISCLAIMER:
Trading Involves High Risk! Be Responsible For All Your Actions.
This Chart is Used for Educational Purposes Only And NOT A Recommendation to Buy or Sell the Asset.
LINKUSD Downtrend Channel Still In Play Remember My LINKUSD Chart a couple of days ago? Well it's playing out exactly how we are expecting it!
We are hovering around Low $8 I'd hold all the shorts and wait for another trend confirmation. We will consolidate on this levels for now.
Remember: LINK is STILL on a downward Channel. Resistance that needs to be broken is AT LEAST $9.5
LET ME KNOW WHAT YOU THINK!
IF YOU LIKE MY IDEA, PLEASE HELP AND SUPPORT MY CHANNEL BY
HITTING THE THUMBS UP, LEAVING A COMMENT AND FOLLOWING :)
````````````````````````````````````
⚠ DISCLAIMER:
Trading Involves High Risk! Be Responsible For All Your Actions.
This Chart is Used for Educational Purposes Only And NOT A Recommendation to Buy or Sell the Asset.
LINKBTC Time to start buying in two stagesUnfortunately a lot of traders rushed into LINK and bought the August top when in fact there was no confirmation on the long-term charts (1D) neither from the MA200 or the RSI. What do I mean by that? Traders who follow me know that I've been a LINK buyer for a few years now but only on the right levels, as I've been posting on my studies, including those below:
As seen on the chart, every time LINKBTC makes an All Time High ( ATH ), the price pulls back below the previous ATH and touches (some times marginally breaks) the 1D MA200 and then rebounds to make new ATH. The sequence has been repeated several times since 2018, solid enough to make it a reliable pattern. However on the High of July 17, the price rebounded without touching the previous ATH of 0.000566 nor the 1D MA200. So there is a gap to fill there and in fact currently is getting too close to the 1D MA50. Whether it rebounds there or actually touches the ATH too, we can't know, but both definitely make low enough levels to buy. On top of that, the MA200 bottoms have coincided with bottoms on the RSI. As you see the RSI is currently on tha clear Buy Zone.
Take advantage of the above factors and jump on the wagon on time for the most optimal risk/reward ratio.
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Link (ChainLink) is close to ...Correction on the Way. But Then a big Growth.
Of course coin is BIG.
MC Heavy. So. Its take a time to get that aims/
Only for those, who have a patience/
actually im waiting for a Black Swan on the Market.
So. Be careful.
it will take a time to get this aims, so if you have better investment idea - use it!!!
Cheers/