Chainlink
Chainlink , Where do we go from here????Holding resistance as support @ $12 range. If this fails, It is possible to hit $7-$8 for support. Currently sitting at the bottom of the right shoulder. Could we have a nice W pattern setup? Can we recover to $30? Watch the current positioning, if this drops below $12.50 we can grab our scuba gear!!!
(ChainLink )-LINK/USDT Update 📈📉HEY ,SUP GUYS and Girls !
Welcome to my new analysis today ,
Since November 21 Jan 2022 , that I updated ChainLink ,It has been declining till now, I expected a massive drop, if the channel breakout happen and we saw in previous analysis that it lost both dynamic ascending trendline and support zone one after one ,
So today ,although linkusdt managed itself on a volume gap zone but it's not a strong zone , and as the increase of volume shows us a huge selling pressure , thus it can fall on the lower support or even demand zone in the next few weeks ahead , but in order to have any bullish scenario it should be able to break out the descending trend-lines one after another , and then can reaches the higher resistance zone as its next target in the mid-term .
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses please follow me , give a big thumbs 👍 OR drop a comment 🗯
Bear patterns everywhereChainlink in a bear flag formation -targets are 3.50 to 3.80 Dollars
Bitcoin Bearish pennant formation - targets 18000 to 19000
ETH ascending triangle formation -targets 900 dollars
Last one is not really a bearish pattern , ascending triangles are suppose to be bullish but since the second touch point is not confirmed this one is 50/50 the concrete one here is the bear flag from chainlink for sure.
Hidden Bullish Signal on chainlink??: Is this what a hidden Bullish Signal looks like?? Looks like a bull to me 😅
Buy and Sell possibilities for Chainlink Simple chart to guide buy and sell opportunities. This is just a projection. Do your own research.
Max PainThe NAS 100 seems to be rolling over again at this point we might see it go to pre covid levels .
If the NAS did drop 13% down to this level then Bitcoin could go as low as 13.5k.
This lines up with the 0.618 Fib and also there is major confluence at this level , it is possible that a wick down to this area could happen.
Chainlink would then come down to as low as 3.5 dollars which has some level on confluence.
Don't expect to market order any of these targets if there hit set limit orders for what is most likely to happen is a massive hammer capitulation wick lasting seconds , trading engine on exchanges will be overloaded showing you delayed order book infomation.
Worst that can happen is you don't get your orders filled.
LINK/USDT Elliott Wave CountChainlink can start something from here?!
I think we have a leading diagonal for wave A or 1 , zigzag correction for wave B or 2 that bounced 0.618 fib retracement of wave A or 1.
Let's see how the market develop from here. I will update count later.
I am long for short term also I am into this trade for at least a C wave.
If you like my analysis please give it a like and don't forget to subscribe for my future counts. Thanks!
LINKETH - MONTHLY BREAKOUT (LONG) $LINK Chainlink $LINK has broken out of a brutal downtrend against Ethereum $ETH. LINK has been bleeding against ETH since August 2020 and finally looks ready to breakout of the trend and hopefully go to new ATHs. Link was the star of last bear market, and as we head into poor macro conditions, it looks like history may repeat itself. LINKETH is also sitting on major support and I'm fairly confident that it will hold strong. This could be another fakeout like we saw a few months ago - but I'm optimistic LINK will start outperforming soon regardless. During the mania phase, the market greatly over valued various L1s, meme coins, metaverse, governance tokens, etc. Its time for a return to normalcy and for only the strongest projects to survive/thrive.
USDT dominance weekly RSI new record!The weekly RSI on USDT chart has hit a new record!
We now more overbought on the RSI than the covid crash of March 2020 , as you can see whenever we peak above the 70 zone we normally get a major bottom of some kind.
I use this chart alot infact I use it to trade with Bitcoin side by side it gives you amazing confirmation , check out the TA below , using this chart I predicted moves in May and where it would bottom.
This chart is backing up my other trade at the moment check it out .
The chances are we will get a rally coming from this zone and this is a cycle bottom.
LINK/USD Elliot Wave countUpdated the Chainlink count
WXY correction pattern for a 4th wave and now we are into the 5th wave to the downside
I think is already finished 3rd subwave of the 5th wave.
I am expecting a 4th subwave corrective move to .the upside and than last 5th subwave and I think we will see soon the bottom.
Also this days I caught good trades on this move to the downside, hope you too!
If you like my analysis please give it a like and subscribe for my futures counts. Thanks!
Chainlink (LINK) - June 13hello?
Traders, welcome.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(LINKUSDT 1W Chart)
11.31 and below are likely to be mid- to long-term investment areas.
Therefore, it is important to be able to climb to the 11.31-14.49 section.
(1D chart)
In the short-term and medium-term perspective, it needs to move above 7.72 and find support to turn into an uptrend.
However, as the 11.31-14.49 section is the section that determines the trend, it is expected that the upward trend will continue when it rises above this section.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(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.)
---------------------------------
Chainlink LINKUSDT Swing Trading Setup Buy Opprtunityin this chart you can see Chainlink 6 hour chart and breakout two month old resistance line and after that hold as a support,
Current price Linkusdt $9.2 we can expect now price will go down 0.61 fib level $6.8-7$ and if hold that support and we will see reversal candle,
Then we have buy Opprtunity there,
it's a swing trading setup and if it's work so we can expect target will be hit next 2-4-8 weeks.
If you want to invest this so please don't forget to put TP n SL.
Wish you all the best.
Make Profit with Rashid
Here's our recent Analysis:
Markets Unresponsive to ETH2's Test Merge: What's Rallying Now?Ethereum holders were hoping for a big rally after this week's "merge" on ETH's primary test network, Ropsten, but so far the markets have been responsive.
Coins that offer staking rewards, however, did fairly well this week as a whole - the two winners being Tezos (XTZ) and Chainlink (LINK) which saw big gains today and over the course of this week as a whole.
Tezos:
- Fork-less upgrades and on-chain governance models on XTZ provide tangible solutions to a lot of the issues the crypto industry is going through right now, especially in DAOs.
- Recession talks are getting more people into a savings mindset - and Tezos' accessible and competitive rates (4.6%) makes it very appealing for crypto holders to convert to.
- The interest in NFTs from artists and art collectors are starting to migrate over to chains like XTZ ever since gas-fees started to get out of control on the ETH ecosystems - time will tell if the Consensys "Merge" in August will have developers and artists return but for now, Tezos and other layer 2s are taking advantage of the lull and pulling ahead.
Chainlink:
- Working on many background infrastructure projects at high levels.
- Has an interesting history (which involves the 4chan crowd, oddly enough) that gave it a cult-like status a few years ago that seems to be paying off today.
--
While the crypto market as a whole has remained fairly flat-lined this week, the projects with the biggest gains seem to have a few things in common: the offer of staking rewards; and a visible community backing the project during its downturns, thus "buying the dip". If you're a long-term trader, these trends are positive signs that the asset has real resilience behind them.
www.forbes.com