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3X Short Chainlink Token / USD Tether

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LINKBEARUSDT trade ideas

💡Don't miss the great buy opportunity in LINKUSD @ChainlinkTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (7.573). . 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 dynamic support. . The RSI is at 70. Take Profits: TP1= @ 8.114 TP2= @ 8.449 TP3= @ 9.000 TP4= @ 9.637 TP5= @ 10.398 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
2
Diamond Top Formation Educational PostDiamond Top Formation A diamond top formation is a technical analysis pattern that often occurs at, or near, market tops and can signal a reversal of an uptrend. It is so named because the trendlines connecting the peaks and troughs carved out by the security's price action form the shape of a diamond. KEY TAKEAWAYS 1. A diamond top formation is a chart pattern that can occur at or near market tops and can signal a reversal of an uptrend. 2. A diamond top formation is so named because the trendlines connecting the peaks and troughs carved out by the security's price action form the shape of a diamond. 3. Technicians suggest that to calculate the potential move, once the neckline of a diamond formation is broken, the trader should calculate the distance between the highest and lowest point in the diamond formation and add it to the breakout point. Key Characteristics Most diamond top formations will exhibit the following characteristics: 1. The security's price should be trending upward. 2. Price action should then start resembling a broadening pattern, where the peaks are higher and the troughs are lower, at the onset. 3. Subsequently, the price action changes to where the peaks are lower and the troughs are higher. 4. Connecting the peaks and troughs will form a diamond, usually tilted to one side.
Education
by nawaab001
Educational Post Ascending Channel**** Educational Post: ASCENDING CHANNEL An ascending channel is the price action contained between upward sloping parallel lines. Higher highs and higher lows characterize this price pattern. Technical analysts construct an ascending channel by drawing a lower trend line that connects the swing lows, and an upper channel line that joins the swing highs. The pattern’s opposite counterpart is the descending channel. KEY TAKEAWAYS 1. An ascending channel is used in technical analysis to show an uptrend in a security’s price. 2. It is formed from two positive sloping trend lines drawn above and below a price series depicting resistance and support levels, respectively. 3. Channels are used commonly in technical analysis to confirm trends and identify breakouts and reversals. ****Trading the Ascending Channel 1. Support and Resistance: Traders could open a long position when a stock's price reaches the ascending channel’s lower trend line and exit the trade when the price nears the upper channel line. A stop-loss order should be placed slightly below the lower trend line to prevent losses if the security’s price abruptly reverses. 2. Breakouts: Traders could buy a stock when its price breaks above the upper channel line of an ascending channel. 3. Breakdowns: Before traders take a short position when price breaks below the lower channel line of an ascending channel, they should look for other signs that show weakness in the pattern.
Education
by nawaab001
Trading Signal For LINKUSDT ChainlinkTrading Setup: There is a Trading Signal to Buy in LINKUSDT Chainlink. Traders can open their Buy Trades NOW Rank : ⭐️⭐️ ⬆️Buy now or Buy on 13.95 ⭕️SL @ 11.90 🔵TP1 @ 16.50 🔵TP2 @ 20.80 🔵TP3 @ 25.75 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands If you liked our ideas, please support us with your likes 👍 and comments .
Long
by pullbacksignal
💡Don't miss the great buy opportunity in LINKUSD @Chainlink Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (24.38). . 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 dynamic support. . The RSI is at 55 Take Profits: TP1= @ 27.48 TP2= @ 29.37 TP3= @ 31.85 TP4= @ 34.50 TP5= @ 38.35 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
4
CRYPTO HIGH PROBABILTY SETUP FOR BIGGER GAINS (CHAINLINK USDT)Crypto is the most thrilling thing that one can trade as the price moments are very volatile like supercars speed on the highway. Due to these volatile price moments and the fact that the market remains open 24 x 7. It gives big returns within less period of time and also when it falls it falls badly. So trading it one can make a fortune out of it and also one can lose his entire capital within seconds. So it's very important to have a good probability setup based on PRICE ACTIONS as it works almost everywhere in the world and also you need to have to make a trading plan in such a way that it eliminates emotion out of trading as we all know in trading SKILL are just 10% and execution and risk management is also just 10% rest 80% is emotion and psychology. So the best way to eliminate emotions is to keep a stop loss such that even if it hits 10 times in a row you are not affected by it and when you make money you make a good chunk of money in one trade. That can be done by taking trade-in important areas where there is LIQUIDITY and BIG MONEY is also present to entre in the trade. So here I am sharing analysis of CHAIN/USDT where the plan is to take the trade-in such an area where above liquidy is there and once taken out gives a very big move within no time and if fails also there is a short-selling idea that one can execute to catch the downside also in case of surprise events or shakeouts. Trade Analysis I have explained on charts. Hope you enjoy and learn something from it👍 - Pranesh Sahoo
Long
by PraneshTrades