LINKUSDT.P trade ideas
LINK Plan 0.07The link’s graph is moving in an Elliott wave pattern. Wave S2 has an a-b-c subwave structure, which is a correction flat (weak b). Currently, it is decreasing in wave c of wave S2, which is an impulse or motive wave. Wait for a retracement in subwave wave c, and then enter the trade at wave b to target wave c of wave S2.
***Don't forget to set the stop loss and manage your money.
Chainlink bullrun emerging? Supply in stock markets reaches lowest point in 4 years
LINK's fortunes changed over the weekend as it experienced a mini breakout and rose to $15.82 for the first time since April 6, 2022. This positive momentum was boosted by the fact that LINK's supply on exchanges dipped below 15% for the first time in about four years, as shown in Santiment's most recent analysis. This is the lowest level since Feb. 5, 2020, and indicates a decline in the propensity to sell, indicating that investors are optimistic about the potential for further gains.
Link Update#link Technical Analysis
BINANCE:LINKUSDT trend is super sideways on 4hr time frames, direction is still in upward while all other alts coins are going down,
In this side ways trend, link is also forming a risign wedge pattern, if this pattern does not turned into a breakout we might see a a correction in link to 13.2$-13.8$.
Sell in midle-term (LINK)📊Analysis by AhmadArz:
direct to trend of bear.
by R/1.5
🔍Entry: 15.43
🛑Stop Loss: 15.67
🎯Take Profit: 15.08
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LINK $7.4 Short (LONG TERM - Rising Wedge)Here is the long term rising / ascending wedge of Link down to mid $7.
It’s easy and it’s fun to get caught up in the idea of a token going higher because we subconsciously relate it to our balance going higher.
People typically buy low, sell high; this reinforces that mindset.
There are a few kinds of traders, but mostly those who only long, and those who both long and short.
If you have escaped the trading matrix and have wrapped your head around shorts, you are half way there to success!
Making money in the market shouldn’t be based on if a stock keeps going up.
Making money in the market should be based on making money, in the market.
The market is selling you apples today for $15, and this chart I’m showing you is a catalogue for a “Double D-Lectible Apples”. 2 for the price of one.
Leverage the sales clerk and make some Apple juice! Lemon season is over and it’s time to make some hey whilst the moon is being an unfaithful girlfriend spitting this token back to where it came from.
ROLL OUT SOLDIER GO GO GO!
You can fix her
LINK Short $13.4 re: Rising WedgeCharted this rising wedge yesterday and we’ve broken below the support line. The red you can see is relating to another larger, long term rising wedge I found that I will post also.
The overarching rising wedge has a drop down to $7-$8.
I first bought link in 2018 for .2c, wish I held! But looks like we have a new platter of chicken tendys in the oven.
Do you like yours hot on short notice?
Press Like if you’re peckish for $13.40 Kentucky style gains!
Long-term price of LINKIn the weekly timeframe, LINK's price has been robustly supported by its underlying supports. Over the long term, breaching the forthcoming resistance level could push the price into the $33 level.
(All analyses will be updated)
This analysis is informational, not financial advice. Good luck!