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Chainlink

A CHAIN is only as strong as its weakest LINK (Short-Term view)My previous idea for LINK proposed that it would rise toward the upper resistance of the channel (see below) and indeed it moved toward it for a good profit. LINK is now facing local resistance at ~27.55 and if we move to the 1h timeframe, we can see it rejected this area multiple times and has made a slightly lower high. Depending on your risk appetite this can be interpreted in different ways but due to the conditions we are currently in, a cautious approach may limit poor decisions. With LINK being one of the few fearless altcoins even with BTC falling, it is only a matter of time until it also feels BTCs power. I think we may have a rejection from the current area toward the green support at ~22 based on the resistance, RSI and BB's. As LINK approaches the support area it is a good idea to zoom into lower timeframes to look for buy setups. Of course, LINK can continue to rise within the channel if BTC begins to recover and turn its new resistances into supports again but that seems unlikely for now. Please note I am not a financial advisor and this is not financial advice. All ideas are for educational purposes only :) Please feel free to leave your comments and thoughts below!
Short
by kush23456
LINK - holding nicely despite fear on the marketThe current Coin Market Cap ranking is #17, with a live market cap of $12 billion USD. Despite recent dump, fear etc. on the market LINK is holing well. My chart setup is practically untouched for months now. W support is clearly great buy area, and current resistance in correlation with BTC dump is too strong in short time period. In my bearish outcome LINK could retrace to W support level ( approx. 30% down form current price) and if BTC dumps even more it may happen. LINK is one of my longest holding and despite small ROI in crypto space I'm not planning to sell it any time soon. On picture in comment you can see LINK Circulating Supply chart which finally shows that new coin inflow is paused (from team probably). In bullish outcome I expect LINK to breakout upper trendline during February.
Long
by Philippe_0x
3
LINK long set up$link #chainlink looking juicy. Ascending triangle and double bottom breakout. Could play this to the weekly double bottom neckline or to Ascending triangle PT of $29. Red lines are LTF resistance levels to watch. —————————————————————————————— Top 10 trading tips: 1. DO NOT FOMO into a trade. Let it come to you. Don’t force it. 2. Find a strategy that works for you and be consistent. Operate like a machine and less like the wind. 3. Let your winners run and cut your losers short. 4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win! 5. Before you enter a trade, know your target AND your exit strategy. 6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven. 7. Set your trade parameters up front so you keep your self accountable and remove emotions from the equation. (stop loss, take profit levels, etc) 8. Don't fight the trend. The trend is your friend. 9. Don’t enter a trade based on one indicator. 10. Horizontals > Diagonals Please note: - This is not financial advice. - I do not take every trade I post. - Never trade off of someone else's chart until you DYOR!
COINBASE:LINKUSDLong
by DaCryptologist
LINK Chainlink: Patterns In MotionHello friends, today you can review the technical analysis idea on a 4H linear scale chart for Chainlink (LINKUSD), a cryptocurrency. The chart is self-explanatory. This is a short-term chart with two bullish patterns (Descending Channel and Double Bottom Pattern) showing potential for upside. Though bullish, volume has dropped and Chainlink may be dependent on where Bitcoin and Ethereum are headed as those two cryptos are largest in the space. Additionally Shown: Ichimoku Clouds, RSI (Relative Strength Index), Stochastic RSI (Stoch RSI), Fibonacci Retracement, Support and Resistance Trendline, and Volume. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. As the year is coming to an end and holidays are almost here. I want to wish my friends Happy Holidays and ready for an exciting 2022! What are your thoughts for the coming year? Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
BITFINEX:LINKUSD
by MillionaireEconomics
9
LINK/USD - Rally to $28, then maybe $38!Link had a fantastic rally in the past week. However, the price is quickly approaching a key resistance. Key Support level: $23 Key Resistance level: $28 After a bullish cross on the daily MACD, LINK entered into a sustained rally with great volume, which has catapulted the price over $20. LINK turned the $23 level into support and is now eying the next key resistance at $28. It is unlikely that LINK can break that level on the first try, but momentum remains strong and favors bulls. Technical Indicators Trading Volume: The sustained volume has put LINK back into the spotlight as the price moved higher. There is no sign of weakness, and the momentum is clearly bullish. This may change as LINK approaches the key resistance. RSI: The daily RSI is moving higher fast, and at this rate, it can soon enter the overbought zone. This is not a concern right now, but it will become important once the price hits the resistance. MACD: The daily MACD has been bullish for a while, and now it also completed a bullish cross on the 3-day timeframe. This is significant and may indicate that the cryptocurrency is due for a sustained rally even beyond the current resistance. Bias The bias on LINK is bullish. The strong volume and price action support this case. Short-Term Prediction for LINK Price LINK managed to surprise the market. The current rally may continue for a while, and the big test will come once the cryptocurrency approaches the key resistance at $28.
Long
by DU09
1
Chainlink Update!Little update from our Chainlink TA yesterday! we are flying outperforming tons of coins all around the market and we are taking out some important levels on the way, we are currently sitting above a key resistance level at aprx 26.5$, the definite goal here is going to be a daily close above this level adding to our already big momentum! Our bollinger bands are looking fantastic as i talked about yesterday, we closed ontop of the top band and in turn our price action has shot straight up, continuing this tonight is going to be big, if we can manage to close our daily again on the top band we could see another day like we are today! We will almost 100% be sending price action right through the important 0.3 FIB retracement level. The squeeze momentum indicator shows us that we are in a clear bullish squeeze and with another increased bar today we are entering the explosive squeeze release portion of this indicator shown by the black crosses turning white, this is the last sort of pump in this indicator before usually fading back down, but even if we do come back down towards the midline we definitely still have the chance to extend the cycle as shown by the previous long drawn out red cycle! In comparison we are not even a quarter of the length the last red cycle lasted, so keep that in mind! Not financial advice just my opinion!
COINBASE:LINKUSDLong
by JacobR905
Chain Link Daily TA : 01.05.22 : $LINK🟡 Results so far (HH) : +21% 🔥 Well, according to the previous analysis, as you can see, the price hit the our first target so far and it has brought us more than 24% Profit . Amazing , Isn't it ?? Follow our other analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 05.Jan.22 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Long
by ArmanShabanTrading
3
Chainlink wants to MOVEChainlink has been in a downtrend from almost two years (522 days). - Chainlink is arguably one of the most undervalued altcoins, next to Litecoin - Chainlink will bridge the gap of traditional finance/banking to digital finance/banking - $LINK could go to $1000 this season - BTC.D is at a low (39%)... - Chainlink is breaking out of resistance - RSI is currently overbought so expect a slight pullback before continuation to ATHs - MACD confirmed bullish cross last week which led to this PA I fully expect link tp hit $50 in the next month. It has broke resistance, downtrend, and is currently stealing the show. Chainlink's applications make it a STRONG investment in the FUTURE of finance. IS LINK ACTING AS A LEADING INDICATOR FOR ALTCOIN SEASON? NFA. DYOR. Good Luck, - Mr Bitcoin Baron
KRAKEN:LINKUSDLong
by TheJonesPortfolio-100T
LINK/BTC. ChainLink Strong Bullish Signal 60% and 3x Targets.This is a trade I've been anticipating for a long time. ChainLink is finally showing signs of reversal of the bearish trend that lasted for a year and a half since August 2020. ChainLink has been consistently outperforming Bitcoin. I expect ChainLink to climb 60% by February 2021 and to triple versus Bitcoin by July 2021. If you consider that Bitcoin itself will double in price by July 2021, then ChainLink would 6x vs USD by that time. Be mentally prepared to lose about 25 to 30% of your capital on this trade. Set a generous stop loss and do not risk an amount that you cannot afford to lose 30% of. But whatever you do, do not ignore setting the stop loss. Watch the video for more details and good luck.
Long
by TechNerdOmar
5