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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
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
LINK SHORT to $12 Following is my analysis on LINK going SHORT in the next few days 1) The BLUE wave 1-2-3-4-5 went from $1.5 to $53 from March 2020 to May 2021 2) After great impulse comes correction A-B-C wave, markets are in correction mode for 2/3 of the time Wave A retraced 78.6% FIB a perfect 5 wave down series in GREEN Wave B is a perfect 3 wave series in ORANGE Wave C should be a 5 wave series down so its right now doing sub-wave 4 in RED In wave C the sub-wave (1) and sub-wave (3) are exactly of the same length so sub-wave (5) will be elongated so maybe 1.27 or 1.41 or 1.61 Wave C or sub-wave (5) in Wave C will end around $12.5 before it makes any move after the full correction Summary : I think LINK is going to short to $12.5 in the next few days before the market completes full correction and moves up Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
COINBASE:LINKUSDShort
by JAN360
11
Breakout or Breakdown?LINK is currently within a Falling Wedge (bullish) inside a massive Descending Triangle (bearish)--and both are converging on the same general point. Sellers are exhausted and supportive momentum appears to be building, but the Descending Triangle presents a lot of overhead resistance. My view is that the resistance will continue to suppress the price for 1-2 weeks before we see enough support to breakout. I'm considering averaging into a position here. -------------------------------------------------- These are my personal views and not financial advice. Please do your own research before investing. I'd love to hear your thoughts, ideas and feedback. Feel free to comment and I'll try and get back to you quickly. If you appreciated this analysis, consider Liking or Following. Thanks!
Long
by mercury_rising
ChainLINK Presents us with a New Entry PointThe trade is in the chart. A long position with potential loss of 4% and potential gain of 12%. RSI gives us a local divergence and we have three bullish reversal candles which make an ascending triangle on lower time scales. This trade should be done in the hourly chart actually. Anyway, manage your risk. Set your stop loss so that you lose at most 4% of your allocated capital on this trade. Once we go up about $1.2 (we gain as much as we are risking), then raise your stop loss to the entry point so that at the worst case, you break even and you keep your capital without loss. Good luck. You can view this chart here . Also look at my LINK/USDT hourly chart , but on this chart, the trade doesn't look very lucrative :(
Long
by TechNerdOmar
LINK Making Gains On BTC!!?Chainlink on a weekly timeframe has broken out against BTC and we are looking bullish! Ontop of that good news we got some more amazing news from Sergey Nazarov, Chainlink staking is going to be released this year! Absolutely huge news and a big win for the LINK community, the people have been waiting years for this to happen, once the news comes out where staking is live i expect link to see some massive volume and likely a lot of FOMO! Our first test for Chainlink on the weekly is aprx 0.0005 BTC. Looking at the RSI we have broken nicely above the yellow SMA and we are heading to the upside where we will be approaching the very important midline, we gotta break up and above here and hold it for us to regain an uptrend, being below this level keeps us in a confirmed downtrend. The MACD looks good we seem to be coming out of a double bearish cycle with our histogram now right on the midline, the goal here for weekly close tonight is to print a strong green bar on the histogram and then afterwards continuing to print green bars that are increasing everytime, its also looking like we are going to see a bullish cross which is always a good thing and due to our previous 2 bearish cycles this next bullish one could be huge! Now the Wavetrend is sending off some bullish signals aswell, we have bottomed out and we are making a very healthy rounded curve for our reversal, keep in mind just on the daily chart this is a slow moving indicator that usually doesnt make sharp moves, on the weekly its even more powerful and slow moving, we could be in for a big bullish wave coming up soon, especially because we have seen quite the downside over the past months! Not financial advice just my opinion!
Long
by JacobR905
Link BTCLink BTC Link is showing it wants to regain some of its strength against BTC. This close to weekly close and yearly open strong moves to either direction are possible. 1D chart approaching nice risk adjusted setup for a break out play or a continuation if your already in the assit. Testing 1 year long trendline Testing 50rsi MacD bullish crossover MacD bullish div Will be looking to play this in a binary fashion. It breaks out or it breaks down. Will also be watching for a fake break out and then a strong breakdown. If I catch a breakout I will add with more size on a break out and retest. Trade Frosty.
by a_Sloth_named_Fibognocchi