LINK - Detailed Video Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for LINK.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
Chainlink
Key points to look for on Chainlink Chainlink looking for support @ or near $17-$18 range. Keep in mind on both the 4hr And Daily Chart , There is a possibility for a significant retracement to $14 range. All this is only plausible if the formation of a triple top/ head and shoulders start to form. Things are looking up for Link either way. Take profits along the way to $23 and just take note of previous trending this past December. This may just be a similar fakeout to a higher high.
LINK/USDT : Aiming for Lows at $1.60 BINANCE:LINKUSDT
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$LINK has broken below the current support zone and it just retested the broken zone.
Now There's an opportunity to take Short on $LINK with an invalidation above $8.50 as full body candle close!
But the remained risk is much more than the most possible safe risk RN.
So That's why I mentioned the second entry as the safe trade below $4.60!
If we get the closings below $4.60 then I would locate my Short on a proper retest of the broken line and aim for $1.60 where the lows are located on...
📚 There's an early sign of bearish momentum; If we get the weekly close below $28800 on $BTC's price, Then you can take Short on every coin you wanted to ;)
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@Helical_Trades
LINK vs XMR Hi guys! Please, support this idea by clicking the LIKE button. Thank you!
LINK (Chainlink) looks horrendous. The price is breaking down the support of a Massive Descending Triangle, ultimate Target of which is $4-5
Keep in mind that LINK had a decent multi-year uptrend. Now it's time for a clear bear cycle
The overall picture looks almost identical to what Monero (XMR) printed in 2017-2018. The same long uptrend and the same Descending Triangle at the Top. Will the outcome be different this time? I doubt it
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LOOKING FOR A CONFIDENT ENTRY ON CHAINLINK...!According to the previous analysis of bitcoin that was presented to you, we still expect more losses in the market, and during that, altcoins such as Linkchain will also contribute to this decline.
But the interesting thing is that with the successive decline and correction of this cryptocurrency, the number of active wallets with this cryptocurrency has been increasing, which is a very positive point for Chainlink.
ChainLink ( LINK/USDT ) Bearish Below $10 so It can test $5Breaking #Chainlink Breaks Dec 2020 Low:-
#LINK Currently trading below $10
Below $10 $LINK is super Bearish & $5 Level Keep an eye for Accumulation
If bounce then we can see $18
#LINKUSDT Breaks 497 Days Low.
Hope this chart Is useful for you
Guys Trade Safe in LINK right /now.
Overall market condition is not good.
Best Buy Opportunity around $5
Below $15 = death. Short upon 1W close below for $$$Self-explanatory. Would not take position prior to confirmation (close below) on 1W. Nonetheless, looks very unlikely this will hold. Act with caution. NFA.
P.S.: $4.50 is not a particular target, just the extent of a measured move. Not guaranteeing it goes there, not even implying it goes there. It's a possibility, don't sue me.
PPPP
Chainlink Price Analysis — May 4As mentioned earlier, Chainlink has fallen to its lowest point in over 17 months, as the DeFi giant slumped below the $11.00 mark. After a sideways open to the week, LINK now appears to be gaining some upward traction, as it tapped the $11.50 top for the first time in four days.
That said, the broader market sentiment has received a mild boost over the hours as traders hold ahead of the much-anticipated US Fed interest rate decision, dropping later today.
LINK will remain in a bearish bias until we record a break into the pivot zone at $15, which also houses the daily 100 EMA.
Meanwhile, my resistance levels are at $12.00, $15.00, and $17.50, and my support levels are at $11.00, $10,00, and $8.00.
Total Market Capitalization: $1.76 trillion
Chainlink Market Capitalization: $5.3 billion
Chainlink Dominance: 0.30%
Market Rank: #25