Link bullish RSI divergenceA quick google search will tell you all you need to know if you do not know what I mean by RSI divergence.
Price level here is good entry IMO. However some more imbalance to low side from before last bull run.
LINKUSD.P trade ideas
The missing Link is in the wedge Look at that beautiful wedge. The ability to create massive wealth in crypto long term is shown in a very simple chart pattern. This pattern breaks out to the upside 53% of the time. Confirmation of the patter occurs when proce closes outside of one of the trend lines. We saw a retest. And now see some good reason to go long. Will you place your money on black or red. Or will you use smart money concepts to know where the smart money is…
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#LINK possible trade setup if Link stays above $6.50#LINK #LINKUSDT
Trade setup
Long : If stays above $6.50 (after retest)
Initial Targets: $7.10, $8, $8.50
Link USDT - long signala historical movement from september 2021 is being repeated in real time.
lets see what will happen in the next couple of days.
Link will breaklink has been oscillating here for a long time
The overall trend is still down, so there is a high probability that it is a down relay pattern
When he fell below the bottom support
will fall fast
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Possible fake out, followed by a HUGE runLINKs chart looks immaculate! Icredible project with competence on board! CHAINLINK has processed over 2 quadrillion USD over just 12 months and with the SWIFT partnership in the making, CHAINLINK may become one of the most valuable crypto projects to exist.
We either bounce from here or from the accumulation zone below, either way it's a good time to start DCAin into your projects of choice. NFA.
Chainlink a bearish look? $10?I posted earlier about a Bullish scenario, here is a Bearish scenario.
For the record I am on sideline with this one but learning towards a price dump.
CHAINLINK (LINK)Do we have a double bottom on here? Or are we going to head lower. From the chart I think we still need more time to see if this is the bottom or we have another wave lower in 5.
LINK: recovery will be slowDuring the previous period, LINK was gaining back investors' confidence and was strongly moving to the upside, managing to reach a $9.0 long term resistance line. However, any sort of higher optimism now must be postponed for a week or two, as the general crypto market is in a state of shock after FTX collapsed. In line with general market sentiment, LINK reverted to the downside during the previous week, reaching minimum level at $6.0 support line. On one occasion the price reached $5.85, however, it was not a significant move for LINK. The price then reverted a bit to the $7.0 resistance line, but still, the coin is finishing the week with more selling orders, around level of $6.2.
During the week RSI reached level of 37. It is still above the oversold market line, leaving some space for the price to go lower, in order for a clear oversold side to be reached. Moving averages of 50 and 200 days continue slowly to converge toward each other, indicating high potential for a golden cross to occur in the near future.
Markets will need a week or two to digest current negative developments. In this sense, it is possible for the price of all coins on the market to move with higher volatility. For LINK there is probability for the $6.0 support line to be tested in the coming days. There is also an equal probability for the $7.0 resistance line to be tested also.
LINKUSD looking weak with Bearish Engulfing setupLINK looks to have failed a 3rd attempt to breakout, locking in a very large bearish engulfing pattern on the weekly. If this pattern follows through I'll be looking in the $2.70-3 range as a major support.
50%+ gains incoming for Chainlink According to chart patterns only. Do your own research . Chanlink seems to be looking to push above previous $9 area. With a temporary retracement to $8 before topping off at/or around $10.90, where there still seems to be minor resistance. Expect a deep pullback at this point.
Preparing for Big Chainlink TradeTime is coming , we are approaching October 2022 and when October comes and this 3.618 Time Fib hits we are going to get a candle breaking us out of this triangle.
It is in fact Chain link time fib count on the LINK/BTC dominance that started to unlock this powerful fib time sequence for Bitcoin and link itself check it out below.
It is still a 100% win rate fib count to this date , yes 100% check it out , last count did not act as pump but showed us a LINK bottom.
Come October we will get a breakout of the Dominance I expect .
Chain Link Fib Count
.0618 - This date is important because it's when Link hit 20 dollars for the first time, it was an important level to hit that resulted in over 140days of consolidation.
1.618 -All time high , yes this fib count lands right up there .
2.618 - This was a major pivot point down for the link which confirmed the bear market because it created its first lower low on the weekly.
3.618- First week of October 2022 , this could be the week Link starts increasing in momentum.
I go over this in more detail in the TA below .
Not only do we have this insane Fib count for Chain Link but if you check the TA below and press play you will see something amazing unfold.
The game plan is as follows , stock up on x3 leveraged tokens on FTX exchange ,they are one of the few that offer LINK tokens x3 , we ride it up to 24-30 dollars from October 2022 to February 2023 , no funding rate fees, no liquidation number to think about just sit back and let it ride.
I have a lot of confidence trading Link fib time sequences so we going big on this one no holding back.
LINKUSD 2D: 40%+ CORRECTION WARNING(SL/TP)(NEW)Why get subbed to me on Tradingview?
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LINKUSD 2D: 40%+ CORRECTION WARNING(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: LINKUSD 2days/candle chart review
::: 40% CORRECTION WARNING
::: updated/revised outlook
::: distribution in range / weak chart
::: limited upside / expect dump from HIGHS
::: weakness will last for 4-8 weeks
::: LOG SCALE chart
::: not a great looking chart
::: RISING WEDGE BEARS taking over
::: FTX/FTT bankruptcy will pull crypto down
::: CLEAN REJECTION AT recent highs
::: S/R was re-tested produced WEAK bounces
::: final BOUNCE possible now before DUMP
::: also noteworthy sequence of lower highs
::: recommended strat: MARKET SHORT IT
::: final TP BEARS is 4.00/4.20 usd
::: 40-45% correction possible next
::: 4-8 weeks in November/December 2022
::: right now no upside in this market
::: position traders should wait for
::: better entry prices later after
::: no upside in this market it's game over
::: recommended strategy: SHORT SELL AT MARKET
::: TP BEARS is +40% gains - near 4.00 USD
::: BULLS stay out until correction is over
::: SWING TRADE: SHORT/HOLD IT
::: correction run not over yet
::: good luck traders!
::: BUY and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/CORRECTION/40%
::: Sentiment short-term: DUMP/GAMEOVER
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Chainlink: Partial Decline Supply Line Breakout Update #2This is an Update to this currenly still active previous setup from several weeks ago:
As of rigth now LINK has Confirmed it's Pivot from the 0.618 and has now broken through a serious Supply Line; If it continues up to $9.51 we will have confirmed a Partial Decline which at that point should lead to a Breakout of the Range that could take it to the next Resistance at $27.80
IS LINK BULLISH???We see LINK make a nice 44% gain from Oct 23.
But is this a reversal to the upside??
If we zoom out and look at the bigger picture of the chart, we can clearly see LINK is in range mode between 6.2 to 9.366
At the time of writing this range is approx 186 days old.
As traders, when we are in a ranging market, it is best to TRADE THE RANGE UNTIL IT BREAKS.
What does this mean? It means to "buy low, sell high"
I do not see any change in volume for LINK and therefore am not bullish on this chart...
My POI is the weekly level of 9.266.
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This was the wick we were waiting forNext stop....$10.90. Watch for another pullback to $8. Hold long or top off at this point. Good luck happy Trading!!!
LINK: setting stage for reversal During the previous week, LINK has shown significant strength and high potential perceived by investors. The only thing that is currently holding stronger buying orders is investors' insecurity over general macroeconomic conditions in the future period. This is confirmed through previous week`s price moves of LINK, where the coin managed to clearly break the $8 resistance line and end the up-move at long term resistance line at $9.0.
With Friday's move to the upside, RSI moved to the level of 69. Still, a clear overbought market has not been reached, although the indicator reached levels which are very close to the overbought side. Moving averages of 50 and 200 days continue to converge toward each other, indicating high potential for the golden cross to be reached in the near future period.
RSI is showing that the price might go higher from current levels, when a clear overbought market will be reached. This would also be a signal that the short reversal is on a road for LINK. In this sense, it might be expected that LINK will continue to test the $9.0 resistance line in the week ahead. In case that this level is not breached, then the coin would revert a bit to the downside, where support line at $8.0 might be tested.
LINKUSD - Bullish BAT (Brief Short, then Long)Triangle as B wave in a corrective A-B-C zigzag.
Bullish bat pattern marks a potential reversal zone.
This would complete a 5-wave impulse pattern on LINKUSD.
See my previously published post for more context on this chart.
