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
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?
-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Premiun content
-not just random lines on the chart
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-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
Dont forget to like the analysis and follow for more content on crypto, forex, equities and commodities.
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.
If you like the idea PLEASE don't forget to hit the LIKE 👍👍👍button
Also share your thoughts and charts here in the comment ⌨️ section!
Appreciate your time and good luck!😉
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
==================================================
4 HRLY chart:
==================================================
DAILY chart
==================================================
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
LINK.BTC (Y20.P4.E2).Fractal and compound strategyHi All,
It is times like this (things are bullish), I search for opportunities. That 5% here and there can be compounded to make much more gains down the track.
I tend to use the total BTC equivalent as a measure to how I'm trading, especially in an uptrend. Down trend, I tend to look at the USD value to ensure I'm limiting my losses.
Anyway, here is one of those opportunities I have already acted upon.
Late last night, I flipped 1/2 of my LINK to BTC as I saw bearish signs at the micro level.
I will use the same BTC to buy back when I feel the time is right. Hence I will have more LINK and based on this chart, more BTC equivalent.
As for the 4 hrly chart, we can observe the following:
> the indicators support the fractal, from the 21\34 ema, fib level and formation\structure;
> the macd fractal will confirm it, and using the KDJ, will get an earlier signal as the MACD is lagging more so;
Link structure overview: Parabolic structure in tact and using fibs, target levels are clear
Close up view
Daily chart, candle sticks are weaker so far in this fractal area
Please give me a like or tick for this post
Regards,
S.Sari
LINK/USD Remarkable Weekend Rally Hits Pause Under The 100 SMA
Chainlink recovers from levels under $10 but the falling wedge pattern breakout stalls under the 100 SMA.
LINK/USD mission to scale the levels to $20 still intact as bulls look forward to capitalizing on the break above the 100 SMA and $14.
The $4.4 billion decentralized finance price live feed protocol has posted a relief rally following a devastating fall last week. Chainlink failed to retest the yearly highs at $20 in August. Attempts to sustain the uptrend saw LINK hit barriers at $16 and $18 respectively. On the downside, support was confirmed severally at $13. However, the bearish wave encountered forced the fifth-largest cryptocurrency slightly below the critical $10 level.
Amid the drop, Chainlink formed a falling wedge pattern. This pattern is very common in technical analysis. Traders are able to anticipate a change of the trend and prepare accordingly to capitalize on the upswing of the price. A falling wedge usually signals the end of a downswing and the beginning of an uptrend. Note that this pattern cannot be utilized on its own; it must be supported by other indicators like the Relative Strength Index (RSI) and the volume indicator.
At the time of writing, LINK is trading at $12.79 after stepping above the initial support at $10 and the falling wedge resistance. Marginally above the prevailing price, LINK is facing acute resistance from the 100 SMA in the 4-hour range.
Looking at the RSI, Chainlink seems to have stalled and is currently favoring a sideways trading action. The leveling motion at the midline favors consolidation in the near term. However, the uptrend mission is far from over. In fact, bulls have no plan to abandon their push for gains above $20.
Meanwhile, gains above the 100 SMA would place LINK above the resistance at $14. This move would most likely encourage more buyers to join the market in anticipation of more upside price action and the opportunity to sell at a higher level, preferably $18 or $20.
Chainlink Intraday Levels
Spot rate: $12.82
Relative change: -0.05
Percentage change: 0.35%
Trend: Sideways bias
Volatility: Expanding
Link with a quick leg up!This is an analysis for my followers, because this will likely be a quick trade, or a good spot to get into Link.
But for my close followers, I have posted this Link signal.
So basically, Link is in an almost range like formation, and currently testing resistance area.
Indicators looks very good, price action also.
Look to take profit at 12.8580 (8%) and move into other altcoin.
Good luck with this trade!
Tibor
Link's another 50% correction possibilityWith more than 5000% gain in recent years, ChainLink is one the heroes in cryptos market. But recently it started some sever correction. Recently completed a 50% correction that was predictable. This my chart when I realized the possibility of correction and marked the possible targets:
now as you can see, we reached to the first target:
Now reaching to the second targets are reasonable based on USD index and BTC dominance re gaining in short terms. All I do is monitor my own algo to see if the projected scenario is achievable and when is the best time to enter. Since last year and half (after listing LINK in Binance) I’ve got 15 signals on its price action, 1 went wrong and invalid, 14 went right! Win rate 93%. This is the weekly chart you can see the bearish signal in the top before this 50% correction:
Do your own research my friends and have best trades.