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Chainlink

#Chainlink Drops 22%, Triple Tops Forms Past Performance of Chainlink Chainlink is down 22 percent from this week's highs as bears wreak havoc. Technically, there is a bearish engulfing bar with high trading volumes pointing to participation and, mostly, the exit of liquidity. As it is, LINK traders can search for entries to dump the token, expecting further losses toward 2022 lows in the short to medium term. #Chainlink Technical Analysis There is a triple top formation in the daily chart. Notably, the November 8 bar is with high volumes and wide-ranging, rejecting gains above Q3 2022 highs at around $9.5. Therefore, since the trend has been developed and fundamental factors support sellers, because fear grips the market, aggressive traders can look to unload with targets at $6.2 and later $5.2—2022 lows as they realign with the primary trend. This was established in H1 2022. Presently, losses that push LINK to print new 2022 lows will be in continuation with early this year's losses. What to Expect from #LINK? Traders are apprehensive and looking for safety. Subsequently, most, as the chart shows, are dumping the coin, contributing to the sell-off. As long as LINK is below $9.5, the token might drop to new 2022 lows. Resistance level to watch out for: $9.5 Support level to watch out for: $6.2 Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
1
ChainLink - Looking StrongI like this chart of LINK to be honest, nice ranging for some time of consolidation - looks primed for a decent move up. Breaking the mid-range now to the upside - want this to hold. Nothing to get too crazy excited about yet, but breaking above this macro (larger) range would be huge, that is what I'm anticipating. I've watched this same chart for some time and it is respecting levels nicely, grinding up and holding demand. LINK Marines may just push this one higher. V
Long
by cryptovatsik
LINKUSDT The link has broken through the accumulative triangle and goes to its strongest resistance at $9,360, before going through resistances at $9,009 and $9,360. From the top (05/08/2021) until today, LINK has already corrected 80.93% and in view of the very high foundation it has, we may have ascending times close. His next supports are at $8,764 and $8,591. Your RSI on the 1H chart is overbought, so be wary of going long. **All descriptions are for reference only and do not guarantee profit or loss on the investment.NO INVESTMENT ADVICE. www.tradewithrenato.com
by ferulianov
1
Chainlink (LINK) - November 5Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (LINKUSDT 1W Chart) Whether the price can rise above 11.064 and sustain is the key. (1D chart) If the price is maintained by rising above the 8.290-8.822 section, it is expected to rise above 9.869. However, the key is whether it can move above 11.064, which is an important support and resistance point, so you need to think about how to respond. The reason is that the trend-determining interval is formed over the 11.976-15.374 interval. If it goes down, you should check to see if it finds support in the 6.7-7.411 zone. If it doesn't, it is likely to drop to around 4.976. ------------------------------------------------------------ ------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator contains indicators that indicate support and resistance points. ** HA SRRC indicators are expressed as StochRSI(line), RSI(columns), CCI(bgcolor). ** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100). (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
2
LINK may be breaking up from triangle; nearing daily goldencrossLooking at the weekly chart here to get a better view of this pink triangle’s trendlines. We can’t see on this chart how close the daily charts golden cross is from happening but it appears to be less than a few daily candle closes away from occurring. If this symmetrical triangle confirms its bullish breakout the target is around $11.32- $11.47. Reaching this target would bring price action up out of a much larger triangle that its been in for far longer that has a much larger breakout target to go with it, however we can see the stoch rsi on the weekly chart has ventures into the overbought zone so it increases the odds that when price action first retests this yellow trendline on the way to the target it will encounter it as resistance, same with the descending white trendline as well. The stochrsi is also overextended on the 1 day chart too increasing the probability that price action will encounter resistance along the way to the breakout target that may result in some level of correction. Still always possible it finds a way to break through both of these resistance lines with ease just a lower probability with stoch rsi already in the overextended zone. If it can sustain the breakout and reach its full breakout target then I believe it will sustain the daily chart golden cross and in time trigger the breakout from the much larger triangle pattern as well. *not financial advice*
COINBASE:LINKUSD
by DrDovetail
LinkFinally Showing Lots Of Bulish Signs InDaily Timeframe Descending Trendline Has Already Broken Wait A Bit Actually Link Breaks 2 Patterns In Daily Tf 2nd Is Symmectrical Triangle And Both Patterns Are Already Broken Lets Have Look At Indicators 100 Ma Has Also Cracked Yesterday Rsi Also Breaks Ling Range To The Upside Lets Summarized Our Analysis Link Is TRying To Tell Us That He Wanna Fly Now Looking Very Good For MIdterm Buy And Hold For Few weeks Or Even Months For minimum2 or 3x
Long
by Worldofchartsfx
2
LINK/USDT BREAKOUT! READY FOR A 100% MOVE TO THE UPSIDE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this LINK/USDT trade setup. LINK looks bullish here. Breaks out from the symmetrical triangle in 2days time frame. Expecting a good 100-120% rally from here. Buy this one on spot and hold with the SL. Entry range:- $7.0-$7.7 Target1:- $9.2 Target2:- $11.4 Target3:- $13.4 Target4:- $15.8 SL:- $6.2 Buy some here and add more in the dip. If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Long
by CoreCrypto1
11
#btcstarburst The world is Moving? ChainlinkThe world is moving… Is chainlink a good buy? Accumulate maybe… Chainlink is tied to many things, during the last Bull Market Link was will on its way to $100-$300…. What is its real value… This remains to be seen In the next ten years when full adoption takes place Link will probably be a BEAST… a minimum of at least $100+ not to mention the staking options. Some say $1000 this could easily be possible so $500 maybe a better shot..this is a study. DCA safely. CHAINLINK NEEDS ITS TURN TO RUN SOME TIME SOON!! LONG TERM…
BINANCE:LINKUSD
by Jonnycatx
Chainlink Short WITH GREAT RISK-REWARDA very simple idea. The chainlink chart looks horrible, with clear distribution with three consecutive lower highs on the daily that are creating downward momentum and look like they're going to break the support. The next clear support is the 5-dollar level that was prior resistance in 2020. It is inevitable that we go and test it as support eventually. I am short and looking for a break of the support and a backtest as resistance. BTC breaking towards 15k should be enough to bring chainlink to 5 dollars
COINBASE:LINKUSDShort
by SynergyTradingSetups
2
Chainlink (LINK) - October 19Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (LINKUSDT 1W Chart) The key is whether you can climb to the 11.976-15.374 section. To do this, it is necessary to check whether it can be supported near 6.7. (1D chart) Resistance: 8.290-8.822 Support: 6.7-7.411 The key is whether it can find support at 6.7-7.411 and move above 7.605. To do that, we need to make sure we are breaking out of the downtrend line. Otherwise, it is expected to drop to around 4.976. ------------------------------------------------------------ ------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator contains indicators that indicate support and resistance points. ** SR_R_C indicators are displayed as StochRSI(line), RSI(columns), CCI(bgcolor). ** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100). (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto