LNK
LNK_USDT: Entry trend huntingConfirming a transition with TUT.
Calibration was performed as indicated on the chart. Signals appear opposite to those generated when TUT is positioned and optimized against the price line.
The analysis had previously been bearish on the price action, but had also been keen on interpreting future action as 'planing off', likely twisting around and between the two red resistance lines. The interpretation is embedded in the color of the lines and by the price line being between the two at the moment of this snapshot.
So, it's neutral, but it may be safe to wait volatility out until a clear signal of direction. Use with caution.
My opinionLNK, looks to rebound regardless towards the 1.39-1.59 level for the B WAVE bounce.
It looks like there may be a Head and shoulders pattern forming, with the NECKLINE (NL), bearish if breaks this line, also confluence with the psychological 1 dollar range.
Elliot wave theory - (sloppy) appears to denominate 5 waves, thus an ABC corrective pattern due.
If BTC continues to go up, the projected next 5 waves are based on Fibonacci ext.
If LNK, breaks 1.00 to the downside and closes below the neck line on the daily, the bearish scenario of a deeper correction, over a longer period of time is possible.
IMO the bull run still has the most volatile and final leg up and a stock like LNK could prove to be a lucrative investment.
Not financial advise cheers.
LNK - Bullish Trade Plan LNK looking good as its retesting the trendline, 200SMA and the POC of the Volume Profile. MACD indicator also bullish and I think there is a good chance that it is going to restest the previous highs and might continue higher. I am bullish LNK and have a target of $5.50 (potential gain of 13%) with a stoploss below the previous lows at $4.45.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
LINKUSD, Great Breakout Established, Important Considerations!Hello Traders Investors And Community,
Welcome to this update-analysis about the LINKUSD 12-hour timeframe perspective, the recent events, the established structure since the last times, what we can expect now, and how to possibly handle the situation. The major inverse head-shoulder-formation I mentioned previously now confirmed properly with a strong bullish breakout to the upside, if you did not see this analysis I highly recommend it to watch to have a full-depth-overview, now there added some extensive signs into the structure that I detected are important to consider with LINKUSDs current structure and upcoming outcomes.
When looking at my chart you can watch there LINKUSD now moved clearly above the neckline with this strong volatile bullish move, it is not seldom seen that after such a bullish breakout a pullback and test of the neckline sets in which should also be expected in this case as it is marked in my chart, when LINKUSD approaches the neckline then it is from high importance that LINKUSD does not fall below this neckline again because such price-action can possibly move LINKUSD to visit lower levels, however, this is not the most likely scenario here as this massive inverse head-and-shoulder-confirmed. When LINKUSD then manages to bounce properly bullishly within the confirmational-head-shoulder-cluster marked in my chart in blue this will be a great origin for the next bullish moves to the upside, when these emerge LINKUSD will continue bullishly till there is resistance found that can reverse the dynamic again, overall the breakout also activated the upside targets rightly seen in my chart within the 17.3 level, when LINKUSD reaches these levels which is likely to be expected it has to be elevated how it moves on from there and if there comes a bullish continuation or firstly reversal to the downside.
In this manner friends, thank you, everybody, for watching, supports for more market insight will be great, have a good day and good weekend as well!
"Miracles tend to happen outside the usual experiences."
Information provided is only educational and should not be used to take action in the markets.
LINKUSD, In The Channel, Steps To Determined Continuations!Hello Traders Investors And Community, Welcome to this analysis where we are looking at LINKUSD 1-hour timeframe perspective, the recent events, the current formational structure, what we can expect the next times, which price-action leading to a successful breakout and how to possibly handle the situation. As already mentioned in the previous analysis about LINKUSD higher timeframe perspective it has formed a strong breakout above the upper boundary of its descending-channel-formation and is now building another confirmational formation above this boundary, now there are some little but necessary steps to fully confirm this formation and provide the proper breakout, therefore I detected the important levels and upcoming outcomes preliminary to consider currently.
Looking at my chart you can watch this descending-channel-formation LINKUSD is building here, with the coherent wave-count established within the channel and also the completion of the final wave E, now as this wave-count has completed the final wave can be the great origin of the complete breakout above the upper boundary which will also activate the targets higher in the structure, now, in this case, it is important that LINKUSD manages to travel higher from here in the structure and finally find support within the middle-line that a solid breakout above the upper boundary happens as it is marked in my chart, here it is really important that LINKUSD stabilizes approvedly and then manages to form the breakout otherwise a fail would determine the extension of the final wave E.
At the moment this is the most likely scenario, there is a possibility given that LINKUSD increases with bearish pressure however this possibility is for now quite marginally, this is why the breakout-scenario is much more likely. This whole dynamic can be traded either aggressively with immediate entry or conservative with entry after confirmation, although the immediate entry is also possible here the conservative will be much smarter as it is providing the higher possible setup. When LINKUSD fully shows up with the proper price-action it will activate the minimum-target at 10.35 after that target has been reached it has to be elevated if LINKUSD manages to follow up with bullishness to reach higher targets or firstly forms a pullback visiting lower levels in the structure.
In this manner, thank you for watching, good day my friends, and support for more market insight.
"Good luck is when opportunity meets preparation."
Information provided is only educational and should not be used to take action in the markets.
LINKUSD, Formation Which Will Determine The Upcoming Outcomes! Hello Traders Investors And Community, Welcome to this update-analysis where we are looking at LINKUSD 4-hour timeframe perspective, the recent events, the current formational structure, what we can expect the next times and how possibly handle the situation appropriately. As mentioned in past analysis LINKUSD has confirmed the breakout of the descending-channel-formation and now as expected is forming the confirmation of this as it is often seen which such formations that a pullback initiates which is the origin of further movements, now besides that LINKUSD is forming some further interesting structural developments I determined which are worthwhile to look at therefore we are looking at the important levels and possible outcomes to consider.
Formational Structure:
Looking at my chart you can watch this confirmational-bull-flag now taking place above the upper boundary of the ascending-channel-formation which is actually a good sign and is confirming by the several tests LINKUSD has formed with its coherent wave-count confirming the upper boundary severely, now as this has taken place LINKUSD is currently about to form the wave D which will follow up with the final wave E that is the crucial factor in confirming the whole bull-flag-formation, this final wave E will end up in the blue cluster marked in my chart, when LINKUSD manages to bounce here properly and form up moves it will complete the confirmational-bull-flag and will activate the impulse-price-projection higher in the structure.
Outlooks:
The cryptocurrency market divergence is increasing this is why there are coins looking rather bearish and other more bullish it also depends on the structure and with LINKUSD it has developed some solid signs for further outcomes, this is why it is important to realize the divergences between the certain coins and take advantage which showing good and clear signs. This whole mechanism with LINK here can be traded either aggressively with immediate entry or conservative with entry after the bull-flag has confirmed, although the immediate entry would also be possible here the conservative approach is much smarter as it will point the best setup, traders need to decide according to individual risk-preferences, although the bullish case is more likely here the reverse perspective should not be kept by side.
In this manner, thank you for watching, good day my friends, and support for more market insight.
"There are many roads to prosperity but one must be taken."
Information provided is only educational and should not be used to take action in the markets.
Buy setup - LNKHere is a buy setup in LNK we have a bullish falling wedge which price has broken out of, also broken above the 20MA on daily timeframe and MACD signalling an entry
my profit target is 4.75 stop loss would be a daily close below the 20 MA
$LNK $LNK.ASX Broken from wedge - Bullish$LNK $LNK.ASX Broken from wedge - Bullish
LINK ADMINISTRATION HOLDINGS LIMITED
Technology enabled administrator of financial ownership data
Broken from continuation wedge - Bullish
T1 $5 -
T2 $5.58-$5.89
LINK - Update over my summer update.From a closer view and taking into account our last update (see attached idea with green RSI arrow and do not forget to give a like), millions of scenarios although the ones I like the most are these:
1.- The price action breaks the resistance at 4.09 and continues to rise to the next fib level, at 4.73
2.- The price cannot break and follows the lateral trend of these days of the crypto market
3.- We retest the support of 3.60 and some how expecting more sideways if not a bigger correction.
What is your side here?
Thanks!
Long LNK? Strong open and strong close last Friday. So is it time to go long for Link Admin this week?
It is above the 20 and 50 moving averages.
MACD and RSI are bullish,
we are likely to see a breakout toward the 200 MA at 6.70-6.75.
Worth adding this to your watchlist.