LINKUSD: Chainlink potential bottom in play1/ 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 always,
Leave your thoughts in the comments!
Feedback or questions are appreciated.
DYOR
Not Financial Advice (FA)
LINK
💡Don't miss the great buy opportunity in LINKUSD @chainlinkTrading 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 dynamic support.
. The RSI is at 60.
Take Profits:
TP1= @ 27.75
TP2= @ 31.25
TP3= @ 34.45
TP4= @ 37.50
TP5= @ 41.15
SL= Break below S2
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💡Don't miss the great buy opportunity in LINKUSDTTrading 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 support.
. The RSI is at 72.
Take Profits:
TP1= @ 55.000
TP2= @ 66.000
TP3= @ 77.000
TP4= @ 88.000
TP5= @ 99.000
SL= Break below S2
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Linkchain LINKUSD- All set for a New ATH!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
💡Don't miss the great buy opportunity in LINKUSDTrading 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 support.
. The RSI is at 56.
Take Profits:
TP1= @ 31.86
TP2= @ 34.25
TP3= @ 37.05
TP4= @ 41.00
TP5= @ 45.00
SL= Break below S2
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. . . . . Please show your support back,
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💡 Don't miss the great buy opportunity in ChainLink/BitcoinTrading 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 a dynamic resistance.
. The RSI is at 57.
Take Profits:
TP1= @ 0.0004725
TP2= @ 0.0005323
TP3= @ 0.0006178
TP4= @ 0.0007162
TP5= @ 0.0008653
SL= Break below S2
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. . . . . Please show your support back,
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Trade well, ❤️
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💡Don't miss the great buy opportunity in LINKBTCTrading 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 resistance.
. The RSI is at 30.
Take Profits:
TP1= @ 0.000471
TP2= @ 0.000566
TP3= @ 0.000675
TP4= @ 0.000870
TP5= @ 0.001026
TP6= @ 0.001250
TP7= @ 0.001458
TP8= @ 0.001676
SL= Break below S2
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. . . . . Please show your support back,
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Two buy opportunities on this chart for LINKBTCMid-Term Forecast
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.00110).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LINKBTC is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 50.
Take Profits:
TP1= @ 0.00139
TP2= @ 0.00153
TP3= @ 0.00169
TP4= @ 0.01153
TP5= @ 0.01360
SL= Break below S2
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Short-Term Forecast
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.00114).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LINKBTC is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 52.
Take Profits:
TP1= @ 0.00129
TP2= @ 0.00139
TP3= @ 0.00153
TP4= @ 0.00169
TP5= @ 0.00192
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
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Now, It's your turn !
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Trade well, ❤️
ForecastCity English Support Team ❤️
LINK/USDT Bull Flag/ Channel Formation-LINK/USDT is forming Bull Flag/Channel.
- Volume is following the Bull Flag/Channel decreasing volume with Price which indicates Moderately Bullish & weakening downtrend.
- Sell Pressure is good bulls waiting for bears to exhaust.
- RSI is giving early sign of breakout but for confirmation we need candle close.
- If this pattern plays out and it break out, expect a rally to form new HH.
chainlink on the verge of significant movefor more than a week link/usdt on 4h chart following a trend line as i indicated here with a black lines ...several supports and resistances but this time the scenario is different where i can see a super strong support level with double bottom at 0.9380 trend line level along with Fibonacci great support on 0.61 level.these three supports trend line,double bottom,Fibonacci all indicating a bullish sign.
There is a probability of resuming the uptrend in LINKETHTechnical analysis:
. ChainLink/Ethereum is in an uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 62.
. While the price uptrend in the Daily chart is not broken, bullish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00123000 to 0.00103000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00123000)
Ending of entry zone (0.00103000)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00142900
TP2= @ 0.00167600
TP3= @ 0.00207500
TP4= Free