Chainlink Business As Usual It might seem like a shock for most that Chainlink had this big move down, but if you have spent a lot of time studying Chainlink's last cycle, you would know that this is business as usual.
The fact that Chainlink had this move has made me more bullish than ever. We are currently 64% down from March 2024. Crazy? I think not.
71%
71%
62%
44%
These are all the corrections Chainlink had during its last cycle to its all-time high.
All we are doing is a back test to this previous range. Chainlink was doing the same thing last cycle.
If we overlay the last cycle over this starting from wave 5, we can see that we have had a crash during the same time of the cycle as we did in March 2020 (Covid). Crazy.
I would not be surprised if Chainlink closed above $11 by the end of the week, just above the 1:1 Gann Fan, and started a V-shaped recovery, marking the bottom. There is a very high chance.
Once again, my time fibs hit right on the money. The blue fib marked the bottom, and the yellow marked the top!
**Next date: 18th Nov 2024**
LINK
LINK looks bearishLINK structure looks bearish. We have had lower H and L .
So it is better to look for sell/short positions in resistance ranges.
We are looking for sell/short positions on the supply range.
Closing a daily candle above the invalidation level will violate the analysis
Note that the financial market is risky, so:
Do not enter a position without setting a stop and capital management and confirmation and trigger.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
Alikze »» INJ | Descending channel🔍 Technical analysis: Descending channel
- It is moving in a descending channel in the daily and 12H time frames.
- It has faced a complex zigzag correction structure after the end of the last bullish wave that extended around the 2.618 area and the price of $53.
- Currently, according to the downward momentum, it is approaching the OB region in the form of a three-wave pattern.
- So if the $18.75 range maintains the 1.618 Fibo, it can have an attempt to the $25 range.
In addition, in the continuation of it, if it faces selling pressure again, the last log can continue up to the range of the green box and Fibo 100.
💎 Alternative scenario: But if it faces selling pressure in the range of $25 and breaks it, the downward trend will continue in the range of the green box and continue with its failure until the range of 11.36.
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BINANCE:INJUSDT
Long position on LINKUSDT 49Min/ Volume PredictionBINANCE:LINKUSDT
COINBASE:LINKUSD
High-risk status: 4x-5x Leverage
Mid-risk status: 3xLeverage
Low-risk status: 2x Leverage
⚡️TP:
13.72
13.85
13.95
14.09
14.23
14.34(In Optimistic Scenario)
➡️SL:
13.28
13.07
12.85
The Alternate scenario:
If the price stabilize below the trigger zone, the setup will be cancelled.
Alikze »» PYTH| Descending channel failure🔍 Technical analysis: Descending channel failure
- It has been moving in a downward channel in the 8H time frame and daily.
- Currently, with the failure of the channel roof, it is around the supply area and neck line.
- Therefore, in case of a negative reaction, it can be broken into the channel with pullback and touch the specified targets by maintaining the 0.29 area.
💎 Alternative scenario: In addition, if it stabilizes below the 0.29 area, it can retest the green box.
🛑 Targets: 0.39 - 0.44 and supply area or red box.
🟩 Support: 0.29
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OKX:PYTHUSDT
LINK Looks Short Term Bearish!!!After breaking the previous weeks lows, the chances of us tapping the support again before a move up has increased.
Yellow arrows mark my areas of interest for a short & a long trade.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
Trade Setup: LINK Long Spot PositionMarket Context:
LINK has retraced down to the next area of support, providing a potential entry point for a long spot trade.
Trade Parameters:
Entry: Ladder into a long spot trade in the $13.00 - $13.50 area of support.
Take Profit:
First target: $14.50 - $15.30
Second target: $16.25 - $17.00
Stop Loss: Set just below $12.30
📊 Monitor the price action closely for signs of support holding and ensure to adjust the setup based on market conditions to maximize the potential upside while minimizing risk. #LINK #CryptoTrading #TradeSetup 🎯
$LINK targeting $2.72?NASDAQ:LINK looks like it's on the verge of a breakdown of it's H&S top. Should price break below $12.78, the target for the move would be $2.72.
We just got our first red candle on the 2D heikin ashi which increases the likelihood that it rejects here and falls lower below $12.78.
Let's see how it plays out over the coming months.
LINK ANALYSIS (1D)LINK has formed a bearish pool at the bottom of the chart after CH.
Also, the LINK structure is quite bearish for now
We expect deeper drops from LINK.
If POI is reached, we can look for buy/long
Closing a daily candle below the invalidation level will violate the analysis
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
LINK/USDT June - 2024LINKUSDT might be forming a seven-month-long Head & Shoulders (H&S) top, with the horizontal neckline providing support at the $13 level. A breakdown below $13, especially with a long black weekly candle, would confirm the H&S pattern. Experienced traders can consider shorting LINKUSDT once it drops below $13, targeting the next two support areas. Alternatively, we can wait for the price to reach the $8 to $9 range for a strong buy opportunity.
-----------Disclaimer --------------------
This is not financial advice. Please do your own research and consider your risk tolerance before making any investment decisions.
It's crucial to manage your funds wisely. If the market loses the main support area, especially on the weekly chart, be prepared to exit your positions. However, stay alert for potential shakeouts - temporary drops that regain support—which can provide opportunities to re-enter the market.
Remember, the strategy for taking profit isn't about hitting an exact number. Instead, we focus on areas of possible resistance or support. As we approach these areas, we move our stop-loss orders higher, allowing us to follow the price action toward higher targets. This method helps secure profits as the rally progresses.
Always have a plan for both entry and exit points. By adhering to these strategies, we aim to optimize our trading outcomes and secure massive profits.
Successful trading involves understanding the rules and executing them with discipline. Stay focused, manage your risks, and be ready to capitalize on market opportunities.
Happy trading!
Chainlink (LINK)LINK doesn't need any introduction; it has a great project, a great community, and has also given great growth. It seems the corrective wave has ended at 0.382 Fibonacci retracement and now the price is about to break the consolidation triangle-shaped area. Let's see how things unfold.
LINKUSDT Inverse Head and ShouldersLINKUSDT Technical analysis update
LINK price has been forming a head and shoulders pattern over the past 30 days. Now, the price is moving towards the neckline with high volume for a breakout. If the breakout is confirmed, we can expect a strong move in LINK.
Buy Level: Above $14.70
Stop Loss: 13.30
Chainlink Targets $25After a long accumulation phase, we are again backtesting the last major support where we saw previous buyers step in.
There's a higher probability we increase in price from here and target the 0.618 & weekly level above. A sweep of the lows before a move up is also possible.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
Consolidation is over, breakout next. - LINK/USDT#LINK/USDT #Analysis
Description
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+ Link Price has consolidated nicely in the past and now it formed a triangle pattern
+ Breakout from this triangle pattern will pump the price upwards and we have a good potential for trade
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VectorAlgo Trade Details
------------------------------
Entry Price: 13.9
Stop Loss: 9.9
------------------------------
Target 1:17
Target 2: 22
Target 3: 34
Target 4: 42
Target 5: 52
------------------------------
Timeframe: 1W
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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VectorAlgo
Alikze »» LINK| Descending channel🔍 Technical analysis: Descending channel
- According to the previous post , after not fixing in the green box, the second scenario was realized.
- In the daily time frame, it faced a correction after a movement cycle, which is currently moving in a descending channel.
- Now after the demand at the bottom of the channel and the green box area, it has broken the middle of the descending channel after the second collision.
- Therefore, it can continue the upward movement with pullback to the middle of the channel, up to the roof area of the descending channel.
💎 In addition, if it can break the supply area and stabilize above the 15.6 range, it will have the targets of 1.272 and 1.618 Fibo.
💎 Alternative scenario: Note that to continue the upward trend, it must be above the 12.5 zone, so if it stabilizes below this zone, it can touch the green box again.
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BINANCE:LINKUSDT
LINK/USDT 1D Hello, I invite everyone to review LINK in pairs to USDT, taking into account the interval of one day. As we can see, the price has moved upwards from the downward trend line.
After unfolding the trend based fib extension grid, we can determine a strong resistance at the level of $14.87, only an upward move can give room for an upward movement towards $15.98, and then we can see resistance at the level of $17.41.
Looking at the second stone, we will similarly determine the support places. However, here there is a strong support zone from $12.54 to $11.30, only a break from this zone may result in a drop to around $9.55.
It is worth looking at the RSI indicator here, which shows a strong movement beyond the upper limit, which translates into a loss of growth power and may change the direction of the price.
[LINKUSDT] - potential targets in HTF10 million link pieces were purchased in the past two weeks alone, worth $120 million Great buying power in a short period of time makes the currency's TARGETS
great in the long term
on weekly chart there is a consolidaion of falling wedge pattern after a longtime
accumulation (526 days)
key level is 32$ zone.. price can visit 9$ again but i still see it's good area for buying
best regards ceciliones🎯
Chainlink LINK price have potential for x3 growthTweeters have become "active" around #Chainlink
They write that over the past 2 weeks, "whales" have bought 10 million CRYPTOCAP:LINK
This amount is 1.5% of the total number of coins in circulation now or 1% of the maximum suply.
Whether this is a lot or a little, whether it will act as a driving force or not, whether you believe in the project's potential or not - of course, it's up to you to decide.
But as long as the OKX:LINKUSDT price is above the blue trend line, the potential for x3 growth by the end of the year remains.
LINK Long Spot PositionMarket Context:
LINK has been consolidating in an area of support, presenting an opportunity to enter into a long spot position.
Trade Setup:
Entry: Ladder into a long spot position in the $12.70 - $13.25 area of support.
Take Profit:
First target: $14.60 - $15.30
Second target: $16.20 - $16.90
Stop Loss: Place the stop loss just below $11.80.
📊 Monitor the market closely and adjust your strategy as needed! #LINK #CryptoTrading #SupportZone 🎯
Let's take a look at the $LINK/$USDTWhat can happen to the market if the BIST:LINK is so modified?!!! I don't have an idea for that myself, but I imagine BIST:LINK could see the $4 price again.
I find it suitable for buying with the intention of keeping for six months to a year.
I hope to have the necessary liquidity for the day when the BIST:LINK is supposed to reach 4 $.