Get started

Linkusdtsignals

LINK at the mid-range - A rebound or a likely breach? For the past 3 weeks, LINK traded in a range with extremes at $6.2 and $6.8. The range high aligns with a critical former support level in late March/April. The range-low coincides with a bullish OB (white) on the 4-hour chart formed on 12 May. A possible rebound at mid-range could see LINK rally to the range high of $6.8, especially if BTC reclaims $28k. But, the mid-range of $6.5 could be breached and a retest of the range low/bullish OB could be on the cards if BTC dips to $26k again.
by AMBCrypto_TA
LINKUSDT Rebounding to $11.50 is a real possibility*** *** For this particular analysis on LINK we are using the LINKUSDT symbol on the Phemex exchange. *** *** The idea is on the 1D time-frame where LINK (LINKUSD) is consolidating ever since the May 12 low and the short-term rebound that followed. On a more long-term perspective though, the price seems to be repeating the consolidation of early December 2021, which was also formed after the December 04 Low rebound. The RSI sequences are so far identical and both MACD levels are after a Bullish Cross. This December 2021 consolidation led to a 0.618 Fibonacci retracement level test. That is currently a little over $11.50 and is our target on a two month horizon. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
Long
by TradingShot
3