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3X Short Chainlink Token / USD Tether

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LINKBEARUSDT trade ideas

Chainlink (LINK): Potential Huge Drop To Come ?The LINK/USDT chart presents an intriguing setup with two potential bearish reversal patterns emerging—a head and shoulders and a double top. While these patterns are still forming and not yet confirmed, the similarity in their bearish implications cannot be ignored. Our major target is going to be here in that significant fair value gap (FVG) zone. The key area to watch is the neckline zone of the Double Top pattern, which, if breached, could indicate the start of a descent towards the lower green FVG zone.
Short
by SwallowPremium
9
LINK - Gearing up for MASSIVE GainsHi Traders, Investors and Speculators of Charts📈📉 For a while now, LINK has been trading in a very clear accumulation phase. This is the zone we see after a bearish cycle and BEFORE a new bullish cycle. Chainlink can be very "wicky", and often the price will go JUST UNDER/OVER the resistance zone, or JUST UNDER/OVER the support zone. This makes it hard to give precise entry points. Working within ranges and choosing the lower part of the range is the safest best to protect against those ugly wicks. Here are some easy setups that guarantee profits during the next bullish cycle - but you will have to have packed-bags in order to bag-in on profits! _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck COINBASE:LINKUSD BINANCE:LINKUSDT
Long
by CryptoCheck-
19
LINK/USDT 4HInterval ChartHello everyone, I invite you to review the LINK chart on a four-hour interval. In this case, we have a visible movement in the upward trend channel, where locally the price remains below a strong downward trend line. Now let's move on to marking support points for the price and we can see that first of all we have a strong support zone from $14.38 to $13.58, which is located just at the lower border of the current channel, but if the price drops lower and breaks out of the channel , we can see a strong decline close to the height of the channel towards the support level of $11.26 Looking the other way, we can see that the price has currently bounced off the resistance level at $15.32, when we manage to break it higher, the price will move towards the strong zone and the upper border of the channel from the level of $17.14 to the level of 18.09 $. Please look at the RSI indicator because you can see movements around the middle of the range, while the STOCH indicator, despite the increase, does not show a significant price increase on the chart, which may translate into further declines and an attempt to leave the channel at the bottom.
by cryptodailyuk
HOW-TO indicate turbulent market : TEMA ChannelHey, friends! blackcat is here to bring you an interesting and professional article today, talking about the "Triple Exponential Moving Average (TEMA) Channel" - a powerful tool as a trend indicator in volatile markets. First of all, let's delve into the origins of the TEMA indicator. It was invented by Patrick Mulloy in the mid-90s with the aim to address the lagging issue encountered when using oscillators or Exponential Moving Averages (EMA). The TEMA indicator smooths out short-term fluctuations by utilizing multiple moving averages. What sets it apart is its unique approach of continuously using the EMA's EMA and adjusting for lag in its formula. In this article, we will primarily focus on the functionality of the TEMA channel as a trend indicator. However, it's worth noting that its effectiveness is diminished in choppy or sideways markets. Instead, the TEMA indicator shines brightest in long-term trend trading. By utilizing TEMA, analysts can easily filter out and disregard periods of volatility, allowing them to focus on the overall trend. To gain a comprehensive understanding of market trends, it is often recommended to combine TEMA with other oscillators or technical indicators. This combination can help traders and analysts interpret sharp price movements and assess the level of volatility. For example, some analysts suggest combining the Moving Average Convergence Divergence (MACD) with the TEMA channel to evaluate market trends more accurately. Now, let's explore how the TEMA channel can be used as a tool to showcase interesting features of price support and resistance. In this script, the TEMA channel is represented by three bands: the upper band, the middle band, and the lower band. The upper band is depicted in white, the middle band in yellow, and the lower band in magenta. So, let's dive deep into the world of the TEMA channel and enjoy the benefits it brings to understanding market trends. Join us on this exciting journey! " L1 Triple EMA Channel" requires the overlay parameter set to true. This means that the indicator will be plotted on top of the price chart. The variable N is defined as an input integer with a default value of 21 and a label "Period". This allows users to change the period value when adding this indicator to their chart. The variables MAH, MAL, RRANGE, and RANGEMA are calculated using exponential moving averages (EMAs) applied multiple times to either high, low, or range values based on the specified period (N). These calculations help determine upper and lower channel levels for plotting. The variable UPPER represents the upper channel level by adding twice the RANGEMA value to MAH. It is then plotted using plot() function with parameters like color, linewidth etc. Similarly, The variable LOWER represents the lower channel level by subtracting twice RANGEMA from MAL. It is also plotted using plot() function with different color than UPPER line. Finally, The MID variable calculates midpoint between UPPER and LOWER channels by taking their average. It too gets plotted using plot() function but has different color than both UPPER & LOWER lines.
by blackcat1402
LINK: Sweeping lows to Grow Faster 🚀💰Let's unravel the latest dynamics of Chainlink (LINK) as it navigates the crypto seas with a distinctive flair. LINK is currently dancing within an ascending channel, and recent liquidity sweeps above the upper boundary signal intriguing possibilities. Here's a breakdown of the current scenario and what traders might expect in the upcoming chapters. 📊🚀 Analyzing LINK's Chart: Ascending Channel and Liquidity Game Ascending Channel Dynamics: Charting the Trajectory: LINK is gracefully traversing within the confines of an ascending channel, showcasing a structured upward movement. Technical Significance: Ascending channels are often indicative of bullish trends, with higher highs and higher lows characterizing the pattern. Strategic Liquidity Sweeps: Breaking the Chains: Recent moves have seen LINK surging beyond the upper boundary of the channel, executing strategic liquidity sweeps. Fueling the Surge: The clearing of liquidity above resistance levels, often driven by stop-losses, acts as fuel for potential upward acceleration. Trading Strategy Insights: Retesting the Waters: Ideal Scenario: A retreat to retest the channel's upper boundary around $12 would not only validate the breakout but also offer an optimal entry point. Pooling Liquidity: A potential drop to $12 can attract liquidity and set the stage for a robust upward move. Catalysts for Growth: Stop Loss Dynamics: Recognizing that stop losses act as accelerators for upward movements, the market may capitalize on these fueling mechanisms. Key Levels: Keep a keen eye on critical levels, especially the retest around $12, for potential trend confirmation. Price Projection: Optimistic Outlook: In the event of successful retests and sustained bullish momentum, LINK could eye a significant hurdle at $20. Conclusion: Chainlink's dance within the ascending channel, coupled with strategic liquidity sweeps, sets the stage for an exciting chapter. Traders are advised to observe the potential retest around $12 as a strategic entry point, acknowledging the role of stop-loss dynamics in fueling rapid upward movements. ❗️Get my 3 crypto trading indicators for FREE! Link below🔑
by AlexWhale
LINK/USDT 4HInterval ChartI invite you to review the LINK chart in pair with USDT. First, we will use blue lines to mark the upward trend channel in which the price is approaching its lower boundary. In this situation, we will unfold the trend based fib extension and check the support areas. And here we can see that the price is above the strong support zone from $14.42 to $13.60, but if it goes lower, we can see a break from the channel and return to the support area at $11.31. Looking the other way, we see that first the price must overcome the important resistance zone from $16.57 to $17.31, which would also result in an exit from the channel and after breaking the resistance at $18.26, a path towards $21. Please look at the CHOP index, which indicates that we have more and more energy, on the RSI indicator we are moving around the middle of the range, but the STOCH indicator shows a clear recovery, which may result in a greater price drop.
by cryptodailyuk