Possible Double TopPossible Double top for Chainlink here in play, showing signs of reversal and catching up to the rest of the market downtrend. Held strong while breaking out of BTC pair. But imo should see some short term downside.
Chainlink
Chainlink (LINK)Chainlink is -83% from 2020 ATH and -77% from last year top. Since then it had at least five attempts, each having between 30% and 50%.
1D RSI is in neutral area which is fine in kind of bullish divergence. I've got into this trade and accumulating since Feb.
I think it would be a nice chance to see in the near future that LINK is double its value up to 0.00045.
Any comments?
Regards 🫶🏻
LINK - Clear pathways down/up 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 though.
Thoughts on the chart otherwise!
Cheers
#Chainlink Prices up 48% in 3 Months, LINK Bulls Target $9.5Past Performance of Chainlink
Chainlink prices are inching higher and are relatively resilient versus BTC and ETH. If anything, LINK buyers have had the upper hand over the past three months despite the bearish status of crypto assets in the past ten months. Technically, LINKUSDT is broadly within a bear flag, with the primary resistances at $8.2 and $9.5.
#Chainlink Technical Analysis
LINK is up roughly 48 percent from 2022 lows, trending inside a bear flag. As Chainlink bulls press on, the immediate support is at last week's lows at $6.6. Conservative traders can wait for a clean breakout above $8.2 before loading the dips, targeting $9.5 as LINK turns the corner, bottoming up. This will be highly likely considering the strong surge of early Asian session that not only quashed bear attempts of September 26 but also forced the coin to this week's highs. On the flip side, if Chainlink bears flow back, forcing the coin below $7, the uptrend will be nullified. In that case, the odds of LINK syncing with the primary bearish trend will also be elevated.
What to Expect from #LINK?
Buyers are optimistic, but LINK prices must first clear immediate liquidation levels if there should be confirmation of the uptrend. For now, Chainlink bulls stand a chance if prices are held above $7 and $6.1. Meanwhile, if buyers succeed, prices could float to $9.5 as bulls finally shake off sellers.
Resistance level to watch out for: $8.2
Support level to watch out for: $7
Disclaimer: Opinions expressed are not investment advice. Do your research.
LINK CAN MAKE A CORRECTION AGAINFirst of all, I need your support to continue my activity and provide analysis. Please support, otherwise my activity will stop.
These few days, I gave Scalpi setups for the link, and they all hit the first target. In my style, after seeing the first target, we save some profit and then risk free. Even now, I think this setup can provide a scalp for shorts.
Link Short Set Up 🔻📉LINKUSD 4HR SHORT
LINK is hitting bigger resistance at multiple trend lines with the possibility of a triple top on the LTF
Entry 1: $7.99-8.15
Target 1: $7.05
Target 2: $6.80
Stop Loss: 2-4% based on your own risk tolerance.
Consider moving stop loss to break even after the trade becomes in the money 3-5% to minimize risk.
If a wick stops you out simply wait to see if we confirm back below the trend line before re-entering.
Never chase a trade or force it if the market becomes choppy.
Never trade with out a stop loss, especially on a short.
The possibility of reducing the price of the link MACD is showing bullish weakness, RSI is overbought and EMAs are turning bullish. I am expecting price to continue moving down from that area aiming to create a new lower low.
LINKHELLO GUYS THIS MY IDEA 💡ABOUT LINK is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the sellers from this area will be defend this short position..
and when the price come back to this area, strong sellers will be push up the market again..
DOWNTREND + Resistance from the past + Strong volume area is my mainly reason for this short trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
Chainlink LINK Bearish SentimentFriday the S&P reached its 52 week low, $3636. There is a strong correlation between the S&P and the crypto world. Many stock investors diversified their portfolio into cryptos, especially in BTC Bitcoin and ETH Ethereum .
With a bearish stock market in the worst month for stocks and cryptos, i expect most of the cryptocurrencies to trade lower this week.
LINK/USDT short
Entry Range: $7.50 -8.00
Take Profit 1: $6.40
Take Profit 2: $5.10
Take Profit 3: $4.60
Stop Loss: $8.90
All you have is 126 daysYou have 126 days to make something of this move after that the big crash will start to unfold. During the covid crash which was the Bitcoin second capitulation event chain link did wick under the channel you see here but never closed under it.
Its possible that for Bitcoins second capitulation event that chainlink will do something similar ,this long term marco support line for chainlink is so strong even the covid crash could not break it and now after everything that has happened this year we have still not closed under it.
This move will be short lived only lasting 126days , once we hit the 4/1 gann fann and the top of the channel chainlink and the rest of the market will roll over and prepare for the second Bitcoin capitulation.
I go over in detail how every cycle we get two crashes , the secret here is knowing that Bitcoin doesn't have major crashes so close together ever , infact Bitcoin only has one major marco event per year and its already happened that was Mid May to Mid June 2022 , the next date is shown in the TA above.
If this did unfold I think 20 dollars(feb 2023) would be the top and link won't see 20 dollars again till mid 2024 , we have a long road of pain ahead before eventually hitting 200 dollars april 2025.
Chainlink (LINK) - September 21Hello?
Traders, nice to meet you.
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Link is a coin that belongs to all themes formed in the coin market.
Therefore, I think that it is a coin that can increase the number of coins in the medium and long term.
(LinkUSDT 1W chart)
It is important to see if it can rise to 11.976-15.374.
To do this, you need to make sure you can be supported near 6.7.
(1D chart)
1st resistance: 8.290-8.822
2nd resistance: 11.064
The 6.7-7.411 section is the section where the HA-Low indicators are leveled.
Therefore, if you are supported in this section, it is expected to rise.
If you fall below 6.7, you need to check the upside trend line (1) to touch and rise nearby.
If not, it is expected to fall around 4.976.
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** All descriptions do not guarantee losses in investments for reference.
** If you share this chart, you can use the indicators normally.
** MRHAB-T indicators include indicators that display support and resistance points.
** Background color of Long/Short-S indicators: RSI overreagy, overlooked section mark
** Background color of CCI -C indicators: When the short -term CCI line is -100 or less, when it is +100 or more,
** OBV indicators have rewritten by applying the formula to the indicators of OH92. (Thank you for this.)
(Short -term STOP Loss is a point where you can preserve or enter additional gains and losses by split transactions. It is a short -term investment perspective.)
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2$ Pick a bag and enjoyLink is amazing project but thats the Alts moves especially when FED go aggressive
Its over sold in weekly
2$ ill hold a bag on link and ride the Link horse
GOOD LUCK
George Soros is buying all your chainlink. The great wall of chainlink marines has been set at $5. Impossible to break. Going all in at these levels is what the smart money is doing. FTX:LINKUSD
LINKHELLO GUYS THIS MY IDEA 💡ABOUT LINK is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the buyers from this area will be defend this long position..
and when the price come back to this area, strong buyers will be push up the market again..
UPTREND + Support from the past + Strong volume area is my mainly reason for this long trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
LINK HELLO GUYS THIS MY IDEA 💡ABOUT LINK is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the Seller from this area will be defend this SHORT position..
and when the price come back to this area, strong SELLER will be push down the market again..
DOWNTREND + Support from the past + Strong volume area is my mainly reason for this short trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
Link 4Hr Update#Link is currently trading at $8.095 in my long position that started around $7.10. Currently up about 14% #Chainlink looks really strong in the #cryptocurrency space.
$LINK | Short Ride UpLINKUSD has broken the down trend on the DAILY and looks to repeat similar patterns in June and August, with a major difference being that it has also cleared the 50EMA as well as the beginning of a 13/48 EMA cross happening. I think a good ride to the next resistance area will take and a possibility of break through. I placed a LONG BUY for LINKUSD and placed the stop loss below the 50EMA as it has respected this since the 13/48 cross.
Here's my numbers:
Entry: $8.13
Take Profit: $8.55
Stop Loss: $7.72
Link in the few channel!🧐The Link is located in several ascending channels in different time frames.
which means that to create a strong upward trend, it is necessary that two or three channels are aligned and at the same angle, or price break and pass two price resistances zone in the chart (in different time frames).
In short, an upward movement is forecasted for the Link coin, but it is accompanied by small waves (micro descending channels).
Chainlink ( LINK )
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$link long | retest $8.50feels bottomed with everything else. looking for the retest.
should be almost 20% move up from here, if pa allows it.
would look to short a failed retest once we're up there.
LINKHELLO GUYS THIS MY IDEA 💡ABOUT LINK is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the Seller from this area will be defend this SHORT position..
and when the price come back to this area, strong SELLER will be push down the market again..
DOWNTREND + Support from the past + Strong volume area is my mainly reason for this short trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
LINKHELLO GUYS THIS MY IDEA 💡ABOUT LINK CHAINLINK is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the Seller from this area will be defend this SHORT position..
and when the price come back to this area, strong SELLER will be push down the market again..
DOWNTREND + Support from the past + Strong volume area is my mainly reason for this short trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
