Linkusdt 3D Buyers are trying to push the Link price upYour attention is the global chart of the trading pair Linkusdt on a 3-day time frame
For more than 2 months, buyers of the Chainlink token have been trying their best to keep the price above the $5.50 level. And although it is difficult in the current maximally suppressed phase of the crypto market, but they are succeeding at this time.
Maybe now buyers are trying to form a reversal trend figure: Double bottom, or Adam and Eve. The working goal of working out this pattern is in the area of 15 dollars.
In general, there is a large liquidity zone $12.5-17.5 above, and at the moment there is little belief that they will be able to break it upwards with ease. If such a miracle happens, then the maximum positive goal for 2022 for Link is 22 dollars.
A clear signal that the buyers will have capitulated, and the sellers have won the fight, will be the fixing of the Linkusd price below 5 dollars.
In such a situation, one must be very careful and realize that the next support level is around the $2.70 area
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LINKUSD
LINKUSDT Short SetupIn the past couple of days, Bitcoin and other crypto-assets have created slight bullish trend. From the macro sector, Crypto still not bottoming yet (IMHO). Based on the chart that I show here, there is a possibility to change the trend into bearish. What are your thoughts? Please comment down below.
LINK/USDTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
The chart is on the weekly timeframe.
From the data that I see on here, I think the bottom is in. We will be ranging between the two green lines as I believe that is the accumulation zone.
If we break below the bottom green line, I will find a new chart. As you can see, the data given to me here is only from 2017 so the count could be incorrect.
We are already at the bottom of the green line. I do not think we will go lower.
RR: 22.2
Stop loss placed under a 53% drop @3.5
LINK - short-term trade - our target $7,35Hello colleagues!
We publish the short-term trade we entered tonight. This trade has a local perspective and does not mean that the correction of the cryptocurrency market cannot continue.
In this case, we still have a relevant trade in cryptocurrency HNT:
Details of the LINK cryptocurrency trade:
Entry: $6.31-6.35
Stop: $6.16
TP: $7.35
Let's see how it works!
Chainlink's Desending Wedge Setup, will it shrug off macro woes?Will the major altcoins (ADA, LINK, UNI ) descending wedge setups, be the signal for a breakout to the upside?
Or will continuing macro woes make the TA analysis null and void.
Potential bounce might be coming over the next two weeks in equity markets. Spurred by the strong support at the 200 daily moving average.
Time to wait and see.
LINKUSD Dominant UptrendLINK has fallen quite a lot, just as other cryptos
The question is where will this falling stop.
I see a major trend line in Green which aligns well with another weaker uptrend in blue, and a downtrend in red
At this area price is around $5 per LINK
This is also at the 0.618 Fib level
✅TS ❕ LINKUSD: Head and shoulders✅✅LINK forming a figure Head and shoulders went down again. I expect the fall to continue to the support level.✅
🚀 SELL scenario: short to 5.41.🚀
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