$LINK is trending What a beautiful week to pass. now it's chainLink's Turn to take off! the price had squeezed properly and it broke out of the upper line which is a robust S/R zone. Now the Link is pulling back to retest the breakout zone and continue its way through the target. Link is ready to BOOM!
Linklong
LINK/USDT purchase in anticipation of growthHello, Traders!
The asset has passed the sellers' interest zone of $17.33-19.30 which was holding back the price in the summer of 2020.
In order to go further up the buyers need to consolidate above this zone and protect their purchases, after which the upward movement will continue.
The current uptrend line is sharp and less reliable, so in the coming days, we can expect a breakdown of this trend line and the fall of the asset into a correction.
At the moment, the market is under selling pressure and traders are fixing their long positions ahead of the ETF launch on Ethereum.
As a medium-term buy trade, you can look for a range of $17.33-19.70 with SL at $16.15
If the upward movement continues, the targets will be Fibonacci levels:
$24.50
$29.69
$32.90
$34.89
Good luck and watch out for the market
P.S. This is not a piece of financial advice but only a trade I would be following myself
Target projection for the next scenarios in LINKUSDT 1HTechnical analysis regarding the price of CHAINLINK in relation of dollar Tether for the next scenarios, based on 1 hour movement.
The price has been moving, forming rising tops/bottoms. However, it arrived in that region where it accumulated.
I believe that by breaking this region of resistance that we find, the price will seek the projected targets.
disclaimer
*** This is not a recommendation to purchase and/or sale. It is for educational purposes only. ***
LINKUSDT LongI am expecting a scenario like this, if LINK Cant pierce through the trend resistance then it should come back down to the golden fib zone forming a higher low close to the resistance and will most likely breakout with a powerful move. Keep an eye on this movement. Set your SL according to your own plan (Ideally below the closest structure. Good Luck and Happy Trading.
Chainlink (LINK) Is Running Out Of RoomCHAINLINK (LINK) has been in a long accumulation period for over 4 months now and it is lately running out of room in a symmetrical triangle. As markets are very bullish and all Altcoins are popping in waves one by one, LINK has been very much silent for an extended period of time. If you want to invest in crypto and have some solid gains with minimum risk, LINK is one of those safer bets you may get in the market. You may either buy the breakout of the triangle or dollar cost average your investment and let it ride the wave.
Best regards,
LINK/USDTI have two plans for LINK
🟢1️⃣ As you can see, it is in an upward trend and if it can continue this trend, it can reach the specified levels 14,22 14,8 ...⬆️⬆️
🔴2️⃣ Or it can not continue its upward trend and correct to lower levels↘️↘️
Consider sensitive market conditions and make careful, patient, smart purchases 😌😇...
Good luck friends ✌✌
.. Like and comment please♥️✏
LINK On A Godly Like Run?!My Fellow Crypto Traders,
Appreciate you taking the time to view my analysis which I hope you may find beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing.
Cheers & Happy Trading!
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ANALYSIS:
As the market is in consolidation, this is not just any consolidation for LINK. History illustrates that LINK, the demi-god, has godly like pumps after bouncing off lower channel wall. And with more eyes on crypto, due to BTC, we could see LINK have some massive positive price action. Therefore, I would BTFD because Price-Discover Phase is coming.
*Note: This not financial advice, nor am I an F.A, thus please take my analysis with a grain of salt.
LINKDOWNUSDTWe can just watch BTC price @ this moment.
Near ATH, some exchanges new ath, lot of emotions, lot of money for Bitcoin.
My theory is to just buy more Linkdown bcs I wait next BEAR MARKET. Imagine that the LINKUP and LINKDOWN just switch places? Is that possible? Yes, when BTC does he's thing.
So just long hodl and small bags for it...