LINK Buy Levels - bottom in? What do you think? Is LINK reaching the lows? Buy levels around 10 EUR or even below, depending on where we set the bottom for the FIBs. We have broken throught the 78.6 if I use the local low, however if I use the bottom bear market 2022 low we are not there yet. A bit more downtrend is possible.
Is a turnaround for CRYPTO coming soon? What do you think?
LINKEUR trade ideas
Bullish thoughtslooking up on weekly timeframe, there seems to be a bullish rsi divergence.
If we break out the trendline to the upside, I will look for conformations to fill the fairvalue gap above.
Fundemantally we are not clear yet so i will still hold as a second possibility to the downside. Sellers however seem to be exhausted for now and negative news events dont have such a big effect on price currently.
Results will depend, i believe on geofinancial politics and how things proceed globally. Mainly BIS, Blackrock and central banks.
p.s. upside will be temporary, will be looking to cash in on some profits.
market conditions vs. RSI breakoutI've been waiting for this rsi breakout since May, but knowing a bit more now, I feel like this might be another fake pump. The utility fundementals are still there but market conditions are as we all know, not optimal. Would love to hear another view (or even the same view)
LINKEUR Elliott wave 5 correctionElliot doesn't give us when or how much, but we know which way its movement is going.
¨°o.O - taking into account that wave 5 has to stay below wave 3 it can be predicted that there is a probability that the price will go to 1 digit at the end of this wave 5.
¨°o.O - taking into account that after wave 5 will make ABC go up because we are using inverted elliott in a bearish channel, I will make an entry at the end of wave 5 and an exit at C.
¨°o.O - the chart is at 9Hs, it gives you plenty of time to do your own analysis, however BTC and coins in general are doing something similar.
¨°o.O - I'm not saying that after wave 5 it will start a run to the top and I expect a continuation down after the elliott 5+ABC takes place,
but at a certain point the market after a C wave will make 12345 not going down but up until then we are analyzing daily and taking advantage of these small rises in the bear market which is a good way to earn between 10 to 30% even in a falling market.
¨°o.O - leave your like and leave your opinion if you want.
this is a conservative analysis because wave 5 as I said has to be below wave 3 but in a bear market it can even go below the white lines I drew
there is a high probability the LINK will come test this supportgreat opportunities are coming...
for those who didn't have the opportunity to earn money at the beginning of the last cycle of the crypto market's rise, a new opportunity to approach in several currencies as the BTC goes down, knowing how to wait, and getting hold is the key to long-term success
LINK roadmap short term. Pump to the moon starts NOW ...Hi,
LINK is due to an imminent breakout as RSI 1W is about to cross bullish for the 1st time since it went Bearish beginning of July (bear fakeout).
I wont put the price levels for price discovery phase yet, because that would be pure Fibonacci speculation. But, my bet for LINK is around 400 euros per unit by Q2/Q3 2022.
Rather I provide you with the main price levels for LINK. Price are in euros because this is what I trade but same applies to USD/T.
Once we break 38.20 euros per unit, and confirm by bouncing on new supoort, RSI 1W will trigger a huge bullish signal, sending it to 43.00 euros.
It will need to work on the price level at 33.75 for some time though, but I have little doubt this would hold for long.
I also think we could break the ATH and send it to Moon just like MANA did few days ago.
Kind regards,
;-)
LINK looks ready for higher prices again.
Namaste everyone.
I 'll keep this short.
LINKEUR seems to have broken above resistance on both, candles and RSI (marked with the green circles).
A retest is expected and it is also a buying opportunity if the test holds.
Possible Buy target in green dashed line.
Possible Sell targets are the red dashed lines.
This is just my thoughts and NOT a trading advice.
Do your own due diligence and if you find you agree with my idea then it is up to YOU how you choose to invest your capital.
MAKE SURE YOU HAVE A STOP LOSS.
Have a great one :)
LINK possibly to 40+ euros next swing highThe chart explains it all, LINK has hit the golden pocket during the correction and will most likely get a leg up to somewhere around 40 euros before most likely getting a correction again. This target would also seem like a logical target to hit since LINK is also in arising channel where the upper channel is 39 euros.