On the Monthly timeframe, Chainlink #LINKUSD is attempting a breakout.
For any further upside continuation, it needs to breakout of the upper resistance line, retest it and then continue.
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (29.46).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LINKUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
LINK made a good move in short term , and closed above EMA 200 , wait for broke the main trend to continue bull run
only touch the price that's not a signal to enter its should be close above the 20$ in 4H
DRS
1/ Chainlink price might be setting up an equal low, which could be a potential bottom in formation.
2/ On the other hand, we might get a sweep of the lows, which is also a step that forms a potential bottom.
If 1 or 2 does occur, it's an indication of a shift in trend to the upside.
Personally, waiting for confirmation after a close above $28.70.
As...
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (23.00).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LINKUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
- Chainlink price shows a successful flip of the $30.79 resistance into a support level.
- The retest of $30.79 adds credence to the upswing narrative and promises a 25% rally to $42.88 with a brief pause at $36.34.
NFA. DYOR
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (44.440).
. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. LINKUSDT is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
Things to Note:
1. Bullish Market Structure- Printing HH and HL
2. Price forming an Ascending triangle pattern
3. Volume is low atm but it should expand at the BO
P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk
Link is supported well at horizontal demad zone
Have cloud Support and MA50 support too
Consolidating volume showing growth prospects
I have depicted the journey of link to 35 in weeks or months with support and resistance in this chart.
Follow it
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (28.18).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LINKUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
Chainlink is a great project and is poised to be one of the frontrunners
There could be gains for even 3X but I want to be a realstic if BTC rallies beyond 50,000USD (or even 100,000USD)
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.000406). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ChainLink/Bitcoin LINKBTC is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as...
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.000386).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LINKBTC is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic...
