LINKBTC
LINKUSD - looking very BULLISH with possible bottom in placeDuring the past months LINK experienced something called a blue sky breakout. The drop from last month was expected as traders need to create new supports/resistances to trade out of (look at TESLA for example). As seen from the chart, it is showing very strong signs of recovery and a bottom from monthly trend-line.
Watch price action at current levels, if it breaks, we may experience another shake out. Keep an eye on 15$ (if it reaches it) to a possible rise back to 20$.
TP levels 15-20$
Remember trade what you see and not what you think, being emotionally invested in anything is not a good idea.
Not a financial advisor, trade at your own risk.
LINK might drop furtherIf you like my TA or other ideas, please leave a like to show support. It helps me out a lot
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- Heavy resistance tested three times
- Ascending triangle, which is usually a continuation pattern
- Next support zone is around $10
LINK USDSideways chop followed by breaking through of the descending resistance line. Re-test this then you are looking at 20 dolla real quick. It will be psychological barriers thereafter... $25, $30, $40, $50 etc.
The Content is for informational and entertainment purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. This is not financial advice nor am I a financial adviser. :)
Two buy opportunities on this chart for LINKBTCMid-Term Forecast
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.00110).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LINKBTC is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 50.
Take Profits:
TP1= @ 0.00139
TP2= @ 0.00153
TP3= @ 0.00169
TP4= @ 0.01153
TP5= @ 0.01360
SL= Break below S2
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Short-Term Forecast
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.00114).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LINKBTC is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 52.
Take Profits:
TP1= @ 0.00129
TP2= @ 0.00139
TP3= @ 0.00153
TP4= @ 0.00169
TP5= @ 0.00192
SL= Break below S2
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Two buy opportunities on this chart for LINKBTCMid-Term Forecast
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.00110).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LINKBTC is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 50.
Take Profits:
TP1= @ 0.00139
TP2= @ 0.00153
TP3= @ 0.00169
TP4= @ 0.01153
TP5= @ 0.01360
SL= Break below S2
---------------------------------------------------------------------------------------------------------------
Short-Term Forecast
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.00114).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LINKBTC is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 52.
Take Profits:
TP1= @ 0.00129
TP2= @ 0.00139
TP3= @ 0.00153
TP4= @ 0.00169
TP5= @ 0.00192
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
LINKBTC H4: Strong chart / 18% gains possible / BUY DIPS(SL/TP)(Why get subbed to to me on Tradingview?
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-Supply/Demand Zones
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-24/7 uptime so constant updates
LINKBTC H4: Strong chart / 18% gains possible / BUY DIPS(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: LINKBTC 4hours/candle chart review/outlook
::: overall strong chart, coming from
::: previous accumulation in range
::: expecting breakout soon
::: 18% upside possible from here
::: buying mild dips makes sense now
::: chart may transition into bullish IHS
::: let's take it one step at a time though
::: recommended strategy: MARKET BUY
::: TP Bulls is 18% gains TP 15100
::: BUY/HOLD setup / swing tarde
::: for patient traders only / no fast gains here
::: re-test of 15100 required now to complete
::: the sequence for the BULLS
::: Just buy low and you will get paid, period
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment mid-term: BULLS/SWING
::: Sentiment outlook short-term: NEUTRAL/RANGE
LINK after DeFi crash2020 hyper coin Link has its first significant correction.
What changed after a DeFI crash? Well, to be honest nothing has changed. People are still loving Link and generally it is still one of the most popular investemen assets in 2020.
So sentiment is okay, people are looking what Bitcoin's next moves will be. And from TA, as it shows on a chart. Bitcoin could rally a bit so the Link could re-test a support, and after BTC will settle a bit,
we can expect Link to break that local resistance any skyrocket to the next one.
Regards
CHAINLINK LINK USD Bearish Fractal DropTwo possible fractals with strong resemblance in oscilation and geometric patterns might foresee an upcoming drop. The drop may happen among stocks, cryptos and tokens that have been in the rise for the last months. It is a normal retracement but considering LINK's historic volatility it should be a drop of about 66%.
1W RSI extremely oversold with reminiscense of the top in July 2019.
1W MACD at it's ATH after 20/21 bullish closing weeks since April 16th.
1W STOCH RSI signals an upcoming drop in the following days, reminiscent of the one in July 2019.
Bottom at $5.0.
Chainlink analysisChainlink spearheading the defi space of blockchain and crypto. Looks like it has completed a 5 wave impuslive 12345 structure and completed the correction ABC.
The god market for crypto is Bitcoin and the god market for bitcoin is gold and gold goes up when the dollar weakens. It is unclear whether the short term structure of gold is bullish or bearish, and it'd be hard to confidently say that Chainlink can go up regardless of what is happening to gold, but the structure says we should form another 5 wave structure.
If you are trading, keep your stops wide, and make your positions small, for long term investors, this is a bullish sentiment.
Comment with your charts, let me know what you think. For any questions, hit the DM
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See related links for previous link analysis
LINK/BTC is going to fall!LINK/BTC spiked from the Resistance/Support as was predicted. The price was rejected by 0.618 fib Resistance together with ROT swing.Bearish Engulfing in summary suggest that the price is going to decline.
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LINK.BTC (Y20.P4.E3).TA on the Macro structureHi All,
Based on the RSI and MACD formations, in my opinion, the following is likely to happen against BTC.
As for BTC I see a short term bounce to 10600 which aligns with this.
Note: AB=CD played out perfectly in both BTC and USDT charts.
LINK.BTC 2 HRLY chart
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4 HRLY chart:
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DAILY chart
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Looking for the MACD to cross over however its a slow indicator.
LINK.USDT
Please give me a like or tick for this effort.
Cheers,
S.Sari