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
Chainlink
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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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 | 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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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 🐢
LinkUSD 15 min Demand & Supply Zones #Chainlink #Link 15 Min chart Demand and Supply Levels.
Bullish Supply Range ( Go Long) - USD 7.20/- to USD 7.27/-
(Blue Circle in Image)
Bearish Supply Range ( Go Short) - USD 7.51/- to USD 7.47/-
(Red Circle in Image)
#Chainlink #Link #cryptocurrency #cryptocurrencies #crypto
Suggested Move - (Go Long) - USD 7.20/- to USD 7.27/- range
Chainlink (LINK) - September 7Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
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LINK is one of the coins associated with many themes.
Therefore, it has good conditions for expanding the coin ecosystem.
We have introduced the coins (tokens) that are expanding the coin ecosystem that I mentioned earlier, and are currently posting them around the coins (tokens).
In the future, we will add LINK coins to these coins and post them.
(LINKUSDT 1W Chart)
The key is whether you can climb to the 11.976-15.374 section.
To do that, we need to see if we can support and rise near 6.7.
(1D chart)
It re-entered the short-term bearish channel as it fell near 6.7.
To break out of the short-term bearish channel, we need to see if we can find support near the 6.7 area.
The key is whether it can move above 7.150 with volatility around September 13th.
If it doesn't, there's a chance it could move towards the 4.976 area.
The 11.976-15.374 section is a trend-determining section and is an important support and resistance section.
Therefore, when it rises to 11.976-15.374 and is not supported and falls below 11.064, Stop Loss is required to secure cash.
It may be in the distant future, but if you create a trading strategy without thinking ahead, it is likely that the closer you get to the 11.976-15.374 section, the more likely you will be buying more.
If that happens, you will be buying near the high, that is, in the resistance zone.
If you are unable to buy when the current price is showing a sideways trend, you should buy after confirming that the price has risen above 15.374 and is supported.
When you buy the core of your trading strategy, you should seek a way to lower the average purchase price, and also seek a way to minimize losses.
This is true whether you are trading short-term or long-term trading.
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** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points.
** Background color of Long/Short-S indicator: RSI oversold and overbought sections
** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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$LINK | Short Term Long With LINKUSD touching the 200EMA on the hourly, this could be a good spot for a push back to previous area of around $7.12 in the short term especially at extreme oversold levels. This isn't a long term BUY as $LINK has to make it past the downtrend line for me to consider a massive move but in the meantime might as well make a little gain. Good opportunity and based on previous movement, place stop loss below the swing low.
LINK USD WEEKLY OUT LOOKLINK still looks absolutely amazing on the weekly time frame.
Not much to do analysis on honestly. Still looks and seems extremely bottomed out. Still targeting 28.86(285% gains) and 38.22(412% gains).
These are the times to dollar cost average into low risk and INSANELY high reward set ups. I absolutely love this set up with a wide stop loss at 4.96
Trade safe and remain patient when trading based off analysis on the weekly time frame.
What’s everyone think?
Chainlink LINK bearish sentimentSeptember has major catalysts for the crypto market as well as for the stock market.
The Ethereum merge on September 6th, that will end on Sept 20, the inflation report on September 13 and the next FOMC meeting afterwards with the new interest rates hike.
That is reflected in the crypto space in general as a bearish outlook.
Chainlink LINK has a negative overall sentiment recently.
I have the following price targets:
LINK/USDT short
Entry Range: $6.50 - 7.10
Take Profit 1: $5.10
Take Profit 2: $4.50
Take Profit 3: $3.90
Stop Loss: $8.10
LINK - short trigger Technically my short trigger has hit, the market showing some strength yes, but if I stick to my rules it would tell me to short this area with a tight stop-loss.
Time will tell if I am wrong or not, but that is why I have invalidation levels (reclaim mid-range I am invalidated).
V
LINK/BTC 4HLINK/BTC has broken the LTB (downtrend line) and will likely break from the bottom up, looking for congestion at the gravitational center of the cloud. After passing the resistance imposed by MM200, it will quickly reach the target of 3601
Chainlink is a blockchain abstraction layer that enables universally connected smart contracts. Through a decentralized oracle network, Chainlink enables blockchains to securely interact with external data feeds, events and payment methods, providing the critical off-chain information needed for complex smart contracts to become the dominant form of agreement. digital.