With all the bad news around the corner and BTC still looking for another leg down I see LINK is maybe going for a double bottom around the $13,- range.
I have my orders set! Lets see guys.
Good luck trading!
Kind regards
Cryptodjens
I am shorting Link cause seeing a hidden bearish divergence on 4hr timeframe.
Also BTC seems to reached the local top and might see 41.5K. Hopefully the downward slope of BTC brings Link toward the Ichimoku clouds as pointed.
Kind regards
Cryptodjens
LINK is building a symmetrical triangle pattern on the 4 hr chart.
Depending on the overall market mood and BTC movement, can break to the upside or break down to continue the bearish trend.
Hoping for the upside.
Picked up some CHAINLINK for the mid-term during the dip at 31 USD.
*A symmetrical triangl e chart patter n represents a period of consolidation...
Hi everyone,
sorry if this chart look like a mess!
You need to keep in mind that this Elliott Wave scenario is without a doubt realistic for Chainlink . Main wave 3 can make an extension to 66$, it's something possible, but it's always better to place your strategy inside a reaslistic scenario and take some profit on the most probable fibs... don't try to catch...
I think @link is heading for a temporary correction. My accumulation targets are:
T1: $19
T2: $18
T3: $16
It's less likely to hit T3 IMHO with the bullishness going on. Have fun and trade safe!
Three attempts to break the range of $22.3-22.8 , which buyers made in the period from 16 to 19 January did not work . It was this range that did not allow the LINK price to accelerate the trend and gain a kept above the white growth channel.
Thus, the LINK market has stopped consolidating, and now the price is trying to re-test the range of $22.3-22.8.
On...
LINK/BTC
-ChainLink is on a 4H downtrend
-The important area of support is at 0.001 range
-That zone is a confluence of 200ma dynamic support
-Keep an eye of this level, the potential bounce is highly possible
-But always wait for any reversal signs before opening a position
LINK/BTC
-We can see two bullish rejection at the last support area last July 10 trading
-They can also touch the lower trendline of support
-If LINK can hold or consolidate at this level for the next 2-3 days
-There is a chance to set this level as a temporary bottom
-A potential pullback to retest the downward trendline resistance around 70000 sat
-It is still...
LINK/BTC
LINK has found the same support at the upward trendline and 200MA support area.
The 33300 sats area also coincides with the previous resistance area which is now a new support territory zone.
The priority again goes to the upside and our target is the swing high and stop-loss is below 200MA.
Priceline of Chainlink / Bitcoin has formed a bullish Butterfly pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00030331 to 0.00029923
Sell between: 0.00030648 to 0.00031415
Regards
Atif Akbar (moon333)
I’ll try to re-buy on the first interesting candle from the watch (on the screen 4H). According to the indicators, the trend is still very upward (without much easing and discrepancies), so checkmate. waiting in our direction.
You can try to put a limit on 27,000 sat, in case of a quick spill
• Goals and stops on the screen
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In general, LINK paired with the...
