LINK has registered a range trend!Over the past week, LINK has registered a range trend on its important support range. After the buyers' efforts brought the price of this currency to the resistance range of 9.3-10 dollars, the simultaneous profit saving of short-term buyers and selling pressure in the market forced the medium-term buyers to sell their assets. As you can see, we are generally in the descending channel in the weekly time frame and in a trading range area in the daily time frame.
The floor of this area in the range of 6.2 to 5.9 dollars has repeatedly prevented the price from falling, and this support occurred again in the last encounter. But the most important thing about the last encounter is that the penetration of the price inside this range is a sign of possible breaking of this level and the possibility of falling to the bottom of the descending channel in the range of 4.5 to 5 dollars. In the 4-hour time frame, you can consider a downward trend line for possible reversals. By breaking this dynamic resistance, the possibility of short-term growth to the $7 range can be provided. Of course, in the condition that Bitcoin stays at least in the range trend and does not fall further.
LINKUSDT
Link Possible Scenario (short)hi everyone
as you can see the link is in a downtrend channel and is touching the upper band, if rejected from here, you can short with a stop above it...
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LINKUSD: Was It a Fake Bullish Breakout? 😱 | Nov. 25, 2022This week, we will stick to the 4-hour time frame to analyze the price action in detail!
It seems like a false bullish breakout was seen earlier this week following which a strong rally was witnessed. Seems like the price will soon approach the next resistance situated at $7.35. If the resistance is reclaimed by the bulls, traders can expect a strong rally in the coming week.
Once the resistance at $7.35 is reclaimed, we can see a clear path to the supply zone at $8.51. However, this view is only valid once the price is able to sustain above $7.35.
Traders must maintain caution of the demand zone at $6 because if this zone is broken once again, a sharp fall could be seen. At the time of writing, it looks like we may see a small pullback as the RSI has started falling. Expect the price to test the support at $6.3 before continuing the rally.
The important price levels for this week are $6.3 and $7.35!
Chainlink Trade (High Risk)This is a really high risk trade but I like these springboard patterns they have high hit rate for me.
Every time LINK has dropped under 5.8 it has been bought back up pretty quickly.
The 12hour time frame has caught these divergences pretty well and we just confirmed another one with the last candle.
So what do we have :
1. LINK extreme oversold zone RSI under 40
2. Bullish divergence on 12h
3.Springboard setup
4.Max Fear in the market
I take the trade
Stop loss last swing low 5.6
LINKUSDTmonster accumulation zone and its sitting towards the low of that zone
looks similar to other coins that have a cyclic different thing going on to btc and eth
aka coins that underperformed in the 2021bullmarket but performed well in the 2020 bearish times
just an alternate cyclic timing
anyways looks quite similar to LTC accumlative zone pre breakout
LINKUSDT Falling WedgeOn the 4 hourly chart there is a huge falling wedge on Link but also had a contraction and expansion.
A breakout could be due soon, but the overall sentiment right now in crypto isn't the best and it had a violent pump right above the 6.1 USDT value line (LINK).
and is struggling on resistance right now, personally, I'm keeping Link in mind as a swing trade.
I think that LINK can test the support zone of 5.67 - 5.926 one more time and get a tighter range before breaking out
LINKUSDT - SETUPChainlink's price is ranging between 5.50$ to 9.70$ for more than 6 months. Both participants of the market played a balanced role in the range market. Requires more effective effort to break this range from both sides. So we can expect a good rally towards 13.0$ if bulls manage to break above.
LINK breaking the Rectangle chain - Target $2.63Bear Rectangle with a sideways Range on Link
21 > 7MA Price <200MA
We do see a strong bull candle though, which could save the day (month) but this will be mainly a testing zone.
Target $2.63
The stop loss is tight because, if it touches, the market will turn extremely bullish and will break out of the rectangle and head on up.
for now the bias is bearish unfortunately.
LINKUSD H8: 30%+ CORRECTION WARNING TP 4.00(SL/TP)(NEW)Why get subbed to me on Tradingview?
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LINKUSD H8: 30%+ CORRECTION WARNING TP 4.00(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: LINKUSD 8hours/candle chart review
::: 30% CORRECTION WARNING
::: updated/revised outlook
::: distribution in range / weak chart
::: limited upside / expect dump from HIGHS
::: weakness will last for 4-8 weeks
::: LOG SCALE chart
::: not a great looking chart
::: RISING WEDGE BEARS taking over
::: FTX/ FTT bankruptcy will pull crypto down
::: CLEAN REJECTION AT recent highs
::: S/R was re-tested produced WEAK bounces
::: final BOUNCE possible now before DUMP
::: also noteworthy sequence of lower highs
::: recommended strat: MARKET SHORT IT
::: final TP BEARS is 4.00/4.20 usd
::: 40-45% correction possible next
::: 4-8 weeks in November/December 2022
::: right now no upside in this market
::: position traders should wait for
::: better entry prices later after
::: no upside in this market it's game over
::: recommended strategy: SHORT SELL AT MARKET
::: TP BEARS is +40% gains - near 4.00 USD
::: BULLS stay out until correction is over
::: SWING TRADE: SHORT/HOLD IT
::: correction run not over yet
::: good luck traders!
::: BUY and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/CORRECTION/40%
::: Sentiment short-term: DUMP/GAMEOVER
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
LINK LONGWatch out for Bitcoins direction....
The market is shaky and waiting for a big move. Everyone is waiting for 6-10K Bitcoin - I'm not so sure. I believe in Link in the long run. Looking at Bitcoin's direction, break to the upside and I go long LINK. Disclaimer - LINK is one of the coins I like to DCA into. So I will hold it even if Bitcoin start dumping.
LINK Is Trading Too Close to Support! What's Next? 😨 Nov. 18In our previous analysis, we ascertained if the support at $7.5 is taken out, the price will test the last standing support at $6.2.
At the time of writing, LINK is trading dangerously close to the support at $6.2, and it looks like a breakdown could be seen soon.
If this support is broken, traders can expect the price to collapse to $5.2, which is the 52-week low.
Therefore, traders should proceed with caution until LINK is able to reclaim the resistance at $6.5.
LINK USDT | potential +30% up #LINK/USDT
🟢Entry price: 6.3 to 6.1
🎯Targets:
|> 6.83 (Sell 40%)
|> 7.1 (Sell 30%)
|> 7.8 (Sell 20%)
|> 8.6 (Sell 10%)
🔴Stop-loss: 6 (closing 1D candle under stop-loss)
➡️Recommended risk: 0.25%
➡️Recommended Position Size : 5%
please note that due to the current market situation this trade signal is considered risky, so we must stick together to the stop lose and risk management strategy and not to gamble with our money.
stay safe and trade safe
thank you!
#Chainlink is up 20% in 5 months, will LINK drop below $5.5?Past Performance of Chainlink
Chainlink prices have been edging higher after losses of June 2022. As an illustration, the token is up 20 percent from June 202 lows at press time. Despite the confidence, sellers have been resilient and unwinding all attempts of higher highs, per the development in the daily chart. In the days ahead, how prices react, especially at $5.5, would shape the medium to long-term trajectory of LINK.
#Chainlink Technical Analysis
There are attempts at higher highs in the LINKUSDT price action, visible in the daily chart. At spot rates, LINK prices are steady and within the November 9 bear candlestick. Overall, LINK is within a bear breakout formation, slumping below the multi-week trend line connecting monthly lows from June through to October 2022. The November 8 and 9 bull bars are also engulfing, cementing the preview of sellers. Per the candlestick arrangement in the daily chart, sellers can double down, targeting $5.5 whenever there are weak attempts to retest November 9 highs at $7.8. Buyers will only be in control if there are sharp, high-volume gains above $7.3 and, ideally, $9.3. If not, losses below the current consolidation at $5.5 may see LINK drop to $4.5, even lower.
What to Expect from #LINK?
LINK bears are in control, taking charge from an effort versus result perspective. The immediate resistance line is $7.3, while the support is $5.5. As bars band along the lower BB, Chainlink might likely register new 2022 lows.
Resistance level to watch out for: $7.3
Support Level to watch out for: $5.5
Disclaimer: Opinions expressed are not investment advice. Do your research.