BRIEFING Week #10 : The market is about to make its Decision !Here's your weekly update ! Brought to you each weekend with years of track-record history..
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LINK
Going sideways...Hello?
Traders, welcome.
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(LINKBTC 1W Chart)
The section from 0.0002 195 to 0.0003 665 is the core support section.
If you are supported and rise in this section, you are expected to release the power of Sangs.
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(LINKUSDT 1D Chart)
The 6.698 point is the HA-Low indicator point on the 1W chart.
Therefore, it is a buying point from a mid- to long-term perspective.
If it falls below 6.698, it should touch near the downtrend line and see if it can move up.
In particular, it is necessary to check whether it is supported by the HA-Low indicator of the 1D chart.
In order to continue the mid- to long-term upward trend, it must rise above the HA-High indicator on the 1W chart.
However, since the conditions for the HA-High indicator to decline have not been created, it is expected that more up and down swings will be required.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
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LINK ANALYSIS (2H)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the LINK symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
MATIC BREAKOUTMatic has been in a nice rally since the rise of bitcoin at the beginning of the year.
Although they have been in a corrective phase in the last couple of days.
Matic broke the falling line by sweeping off the lows first, set a bullish divergence and is now back in bullmode. So beautiful!
The resistance points are given in the chart. I expect a break of the high of $1.59
I am expecting a target of 10$ in the long term for MATIC. Definitely a top 3 coin to my sayings in terms of fundamentals and usage.
Long Trade (High Risk)Price is now sitting and previous VWAP close and has setup a nice springboard , chances of a bounce are high.
Price also sitting on middle of ascending channel
High risk trade really would wait for couple of hourly closes to form base but this new method of trading im working on longing previous VWAP closes has being doing pretty well.
BRIEFING Week #9 : Metals are testing my long term support !Here's your weekly update ! Brought to you each weekend with years of track-record history..
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
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Phil
LINK: not ready for downside?The market was not happy about inflation figures, which implies potential further FED's rate increases, so it switched to the sell side. LINK was following general market sentiment during the previous week, after not being able to cross the $8.0 resistance line. The lowest weekly level reached was $7.2 where the coin is finishing the week.
RSI took the downside, however, the indicator reached level of 50 as of the end of the week. It still does not point that the market is ready to take the road toward the oversold side. Positive development is with moving average lines, where MA50 moved quite close to its MA200 counterpart. Potential for the Golden cross is significantly increased with latest developments. This cross would also indicate the high potential for LINK to change the trend in the coming period, which is something that markets have been waiting for since the end of December last year.
Current charts are pointing to a potential for a $7.0 support line to be tested in the week ahead. However, other indicators do not show that there is higher potential for the downside. There is higher probability for LINK to revert to the upside, at least to the level of short term resistance at $7.5.
LINK go up!LINK has been consolidating for nearly 9 months since May 2022. In the rising market in early 2023, it did not go out of the consolidation range. At present, LINK has broken through the resistance price of 7.816.
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After LINK broke through 7.816, it formed a inverse H&S, and we can focus on the upper target:
8.743
9.030
9.317~9.483
If the closing price is higher than 9.483, it will break through the consolidation range.
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At present, it is more appropriate to deploy LINK on the spot or with low leverage. After breaking through the consolidation range, it is expected to have an increase.
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Stop loss price: 5.25
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LINKUSDT Daily: 18/02/2023: Is it time to break the range?
As you can see, the price is on the range for a long time and obviously, there is huge liquidity on both sides of this range.
Now the price just touched important resistance that can push the price down and then on the demand zone it can rise.
As a first target, we can define 9.7 (exactly above the liquidity pool)
💥Important note: If the price can not maintain above the demand zone, we can expect the price to go lower to collect the liquidity pool below the range.💥
💡Wait for the update!
🗓️18/02/2023
🔎 DYOR
💌It is my honor to share your comments with me💌
✴️ Chainlink Reveals Current... (Name Your Altcoin #52)Let's continue shall we?
I've done many analysis for Chainlink (LINKUSD) since we have an active public trade for this pair but someone requested to have this pair be part of our Name Your Altcoins series so let's dig in.
Chainlink is good news...
It is giving out positive signals.
As the entire cryptocurrency market is interrelated, connected, what one does the rest follows, having good news here can mean good news elsewhere.
Or everywhere else.
LINKUSD
Just two days ago, 22-Feb., we have a perfect hammer candlestick pattern.
This candle tested and confirmed EMA10 and EMA21 as support.
What looks great is the volume the following day, yesterday, really high volume, the highest ever on BitMEX for this trading pair.
Volume is one of the most valuable indicators available, having all this buying yesterday is great news... This tells us that the bulls are accumulating near resistance, which precedes additional growth.
The MACD printed a bullish cross recently and is trading above zero.
The RSI is super healthy/strong at 62+.
If we decide to look at the weekly timeframe for additional information...
We can see a Doji this week leaning bullish (has a long lower wick).
Last week closed almost full green with the highest close since October 2022.
Prices trading above the 0.682 Fib. extension, this one only confirms if the week closes above 7.917.
We have some really good signals... If LINK moves forward, Bitcoin, Ethereum and the rest of the market will do the same.
There is always one or two pairs that tend to move ahead when consolidation is taking place, if you find those, you know what is coming to the rest.
Namaste.
LINKUSD Futures ( LINKUSDH ), H4 Potential for Bullish RiseTitle: LINKUSD Futures ( LINKUSDH ), H4 Potential for Bullish Rise
Type: Bullish Rise
Resistance: 9.559
Pivot: 8.061
Support: 7.570
Preferred case: Looking at the H4 chart, my overall bias for LINKUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Expecting price to rise from the pivot at 8.061, and head towards the resistance at 9.559, where the previous swing high is.
Alternative scenario: Price could head back down to retest the support at 7.570, where the 50% Fibonacci line is.
Fundamentals: There are no major news.
LINKUSD Potential For Bullish Rise | 24th February 2023Looking at the H4 chart, my overall bias for LINKUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for an immediate buy entry at 7.895, due to price bouncing off the overlap support at 7.503 strongly, indicating that the bullish momentum is strong. Stop loss will be at 7.503, where the previous overlap support and 38.2% Fibonacci line is. Take profit will be at 9.480 where the previous swing high was.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Whats happening with Chainlink?To say that the trajectory of Chainlink in the past eight months has been anything but surprising would be an understatement - unfortunately, the surprises have not been in the coin's favor. Despite having one of the strongest fundamentals in crypto, its pattern, price range, and movements have been quite unusual in my opinion. It has broken all trend lines and channels from its genesis, and there are no historical patterns to compare it to.
Last year, I was setting up for one of my biggest trades with Chainlink, as the price was perfectly aligned with my Fibonacci time sequence. However, the FTX black swan event occurred, and since then, it hasn't quite recovered like the rest. You can check out those failed TA's under "Related ideas" below.
While other coins in the market have seen massive rallies of hundreds of percentages, Chainlink hasn't done much, only up 33% from its lows. This brings me to a new channel that I will be testing out this year. If anyone has any other channels from genesis, please let me know by clicking on the link below.
There isn't much to go on with Chainlink until we break the resistance seen below. It's been 245 days and four attempts, but we've never managed to close above it.
The LMACD on the 3-week timeframe is showing momentum coming up, but the price is going down, indicating that divergence is building.
The LINK/BTC dominance chart has always been the most crucial chart to trade Chainlink, as you can see from the chart. Currently, we're sitting in the same place before we had a massive run of 124% in price back in January 2020. The resistance was broken at one point, and we even closed a weekly above it, but then failed to hold it as support due to the FTX black swan.The big Chainlink move comes once we have a clear break from this resistance, which it has been stuck under for 917 days.
Using this Fib time sequence, we knew that the bottom was in for Chainlink.
I have been using this Fib sequence on the dominance for years, going back as far as 2019 when i was trading LINK I used this channel.
For the past 280 days, the price has been ranging, and there have been a lot of good trades in the $5 dollar range. However, now we want to see it break out!
LINKETH - Sat on a Critical Level, Can We Break Upward by 10%?We've got a pretty strong Buy signal from Crypto Tipster v2 today - looking at the chart it would appear we're currently sat right on a critical pivot point, the market could choose to go either way from here, or even consolidate for a short while too!
Based on the recent rebound off support @ 416 and breaking through the next level of resistance above that, we're staying positive on Chainlink for now and predicting gains of around 10% over the next few weeks to one month.
If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
LINK: Going to range high, or even better: 12.25Ok, we can see Link broken both of the 200 EMA and 50 EMA.
In addition, we also see the formation of higher low here. There may be a correction a bit, but overall, I project that LINK may go to the range high (~9.5), and if it's broken, 12.25 area is, I can say, programmed
BRIEFING Week #8 : Markets are still very TechnicalHere's your weekly update ! Brought to you each weekend with years of track-record history..
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LINK: market loves LINKOne look at the chart from the last week and first thought is that the market just loves LINK. This is one of the best performing altcoins during the increased market optimism which was evident during the previous week. Although LINK started the week struggling around $6,5 level, the price soon went to the higher grounds, breaching the $7 resistance and ending the week by testing next resistance at $8,0. For some time in the past, we have been mentioning that investors see high potential in this coin, and its increasing use among crypto practitioners and networks.
RSI indicator started the week below 50, but it is clearly heading toward the overbought side of the market. Currently, the indicator stands at level of 65, missing 5 points until the clear overbought market side is reached. Moving averages of 50 and 200 days started to modestly converge toward each other. There is still distance between them, but at least there is some indication that a potential cross might occur some time soon.
LINK had a strong push in price during the previous week, in which sense, if some short reversal occurs in the coming days, it should not be a huge surprise. On the other hand, there are still prevailing buying orders as of the end of the week, which might push the price even to the level of $8,5 during the week ahead. It should be taken with precaution, as short reversal also might occur, at least to the level of $7,5, with low probability that support at $7 might be tested.