Link in "bullish" mantra.Hello again, I do not forgot on Chainlink fans.
I will update this chart. It's good to have some Defi king in future bag.
Especially, when its CEO is one of few really suspicious as Bitcoin founder ( Satoshi ) ;- )
However Link is still in pure downtrend with some higher lows and highs.
potentially aiming to 382 Fibo in my mind, where would be bottom at the support of this channel.
Like Bitcoins, we should see some pivot ( maybe higher ) first. But without any guarantees.
This time, I like to focus on my target, as far it seems the same with BTC, ETH , etc...
I just can't find any imporatant high crypto margets above are at the moment...
I will believe later, when Chainlink hits 3 Dollar teritorry.
It is , how it is and would change in near future.
Always with care and ready,
Emvo.
*This is not any financial advice.
LINKUSDT
LINK Daily Outlook### 🌐 Chainlink **(LINK) $**6.508 **(+0.59%) - Bullish Outlook 🐂**
**LINK Overview:**
- ***Closest daily support zone: 6.823 - 6.754***
- ***Closest daily resistance zone: 6.899 - 6.982***
- ***Key Level: 7.7462 (Monthly Close of Jul. 2020)***
Congrats to those who got on the first ride. LINK is currently awaiting the next breakout which is around 7.27 based on various daily close points and fibonacci levels.
**LINK Daily Resistance zones**
1. 6.899 - 6.982
2. 7.077 - 6.270
3. 7.483 - 7.847
**LINK Daily Support zones**
1. 6.823 - 6.754
2. 6.614 - 6.455
3. 6.357 - 6.082
Wyckoff Accumulation Phases for $LINKCOINBASE:LINKUSD
Hi people,
Last time I published an idea here was almost 4 years ago which I DCA'd into Link token. Price went all the way up to $50's. Twas all sunshine and rainbows with price predictions of $1KEOY all over twittersphere. Then came the bears.
During this cold season and absolute shitshow going on in cryptospace, Link token and fellow marines (which I consider myself one) experienced a heavy decline with considerable depreciation against BTC and therefor USD.
Finally after this ugly cold bear season here we are again with a possible Wyckoff accumulation phase. Congrats to fellow marines who managed to survive till now. It's still cold out there but bears are ready to hibernate.
Here is my 2 cents on current LINK/USD chart:
Chainlink has spent months in this zone printing a choppy sideways PA. With all $LINK fundamentals available I think we are ready for a strong price markup.
First phase of staking is completed.
CCIP, DECO all getting ready to roll out.
On March 2023, Swift will implement and start ISO 20022 migration. Which is a huge thing for $LINK.
Link partnerships are at ATH, Chainlink dominates.
I expect CCIP (Cross Chain Interoperability Platform) maybe rolled out around that SWIFT timeframe.
Chainlink Labs is hiring talent relentlessly.
IYKYK.
With most of my $LINKs already staked I once again started to accumulate some more for long term hodl'ing.
On my chart you can see possible Wyckoff accumulation phases. I happen to prefer horizontal levels for my analysis, which works better for me. Preliminary supply, selling climax, change of behavior, secondary tests, upthrusts all there.
TBH I would expect that spring action go lower but I learnt from experience that during these kind of silent and boring days market can move pretty quick and leave you behind.
As old adage says: never short a dull market.
Now it's a waiting game for me. I already staked my tokens and feeling comfy (can't move them anyway).
And with my new linkies in my wallet I'm feeling confident on my analysis.
Let me warn you tho. I have strong opinions weakly held. I'm willing to react as market situations evolve.
I'll try to keep this chart updated. Stay safe.
LFG!
Not Financial Advice. Educational purposes only. Please manage your own risk.
LINKUSDT 4HAs shown in the chart, we can expect a positive reaction to this level for the short term and on the 4-hour timeframe, considering support in the range from $6,007 where the MM200 is to $6,629 where the median of the Keltner channel is located. MM200 is considered a strong rebound support.
RSI flat on the ground, indicating a depletion of buying forces, confirm the bullish bias in the 4H time frame. The most immediate resistance is at the top of the Keltner Channel at $7.03 and after that comes the major resistance at $7,112. Piercing this slab then it only stops at $7,814.
A week with an American holiday and important government decisions. Activate your stops and watch out for leverage!
Here are the supports and resistances:
S: 6,629 / 6,007
R: 7.03 / 7.112 / 7.814
Although Chainlink's daily active addresses have been at fairly low levels for most of 2022, these levels have recently been high due to high network activity and it is bullish for the price in the longer term as increasing chain utility creates a more sustainable ground for the future.
Positive reactionFor LINK, we can expect a positive reaction to this level for the short-term and in the 4-hour timeframe, considering support in the range of $6.129 to $6.316. If candles and reversal patterns are seen in this area, the possibility of a retest of the $7 resistance level remains. But if this area does not react positively, the second range at $5.90-$6 can be considered a strong rebound support level.
LINKUSDT Elliott Waves AnalysisHello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart. (midterm expectations)
Entry: market and lower (for me it's 5 - 3.5$ zone)
Target: 7 - 9 - 12
after first target reached move ur stop to breakeven
Stop: (depending of ur risk). ALWAYS follow ur RM .
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
LINKUSD: Will LINK extend its gains? | Jan. 13, 2023This week, we will stick to the 4-hour time frame to analyze the price action in detail!
After setting a new 52-week low earlier this month, LINK seems to have recovered significantly from the fall. It broke a very crucial support at $5.7, however, the bulls were quick to return to help push the price back above the demand zone. We can see strong momentum, and traders can expect the price to approach the upper resistance at $7.6 in the coming weeks if the momentum is maintained.
Once the resistance at $7.35 is reclaimed, we can see a clear path to the supply zone at $8.51. However, this view is only valid if the price is able to sustain above $7.35.
We might face some resistance at $6.5. Once this zone is cleared, a move to $7.35 looks almost certain!
Traders must still maintain caution by setting a stop-loss below the demand zone at $5.7. The coming week may be more favorable for the bulls!
The important price levels for this week are $6.5 and $7.35!
LINKUSD Swing SetupLINK has been trading in the range 5.5-9.5 for quite some time. There is no sign of breaking the pattern downward. And it is pretty safe to enter a trade here.
The plan is to buy at 5.5 and sell at 9.5, trade the range. In the worst-case scenario, LINK broke the $5 mark downward, and we take our losses and get out.
Entry: 5.5x-5.6x
Sl: 4.9x
Tp: 9.5
Remember, always trade at your own risk, and never risk more than you can afford to lose.
LINKUSD - POSSIBLE SCENARIO #2Just charting a couple different possible scenarios for Chainlink because I'm bored. This is similar to the one I previously posted but with less downside and a lower cycle top. Keep in mind I am not trading this or using this as a strategy whatsoever, just some random TA for me to practice with tbh
Reacted positively to the support rangeLast week, LINK reacted positively to the support range of $5.42-$5.57 and returned to the previous resistance at $5.75-$5.85. This static resistance is reinforced by a dynamic resistance, whose trend line you can see in the chart. The complete breaking of this resistance should be done simultaneously with the breaking of the resistance of $6.317. Otherwise, due to the existence of higher resistances, we cannot expect to confirm the breaking. If this happens and a strong bullish candle is registered, the possibility of further price growth and moving toward the resistance area of $7.297 will increase. This is because the midline of the descending channel is also in the current range, and it has strengthened the resistance at $6.317. So buyers' support can push the price back to higher targets. According to the strength of the last downward wave in the daily timeframe, the specified resistances show the power of a high negative reaction. Therefore, there is a possibility of short-term buyers saving profits at these levels.
LINKUSDT Hello guys ?
Today I came up with a LONGER TERM trading Idea
1/ If we measure the strength of this zone it holds the
market for a long time multiple times .
which in terms of price action tells us something that this may happen right now.
===============================================================
2/ There may be a drop on price and the second case
scenario is the market may still beak this major zone
and continue down ,if that is the case we wait and act when we get a pullback inside the zone
always utilize a smaller time frame for entry and exit.
do your own research before placing any trade .
stay strong
viewpoint short for LINKHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the LINK symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
LINK: Descending Triangle BreakoutChainLink (LINK) technical analysis:
Trade setup : Bullish breakout from Descending Triangle. Upside potential up to $7.00 resistance zone (also 200-day moving average). Recent rally was driven by launch of staking service.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish).
Support and Resistance : Nearest Support Zone is $5.50. The nearest Resistance Zone is $6.00 (previous support), then $7.00, and $8.00.
LINKUSDT LINK, the main oracle, the cloud in the 26-period projection is greenish and gaining thickness, and moreover it only transits through the upper band of the Keltner channel, showing that the buyers are in command.
The next target according to this angle of attack proposed by the bullish trend line is in the region of 5.92. The RSI confirms the bullish trend with the cooling of the selling forces.
Follow support and resistance.
S:5,652 / 5,771
R: 5,879 / 5,921 / 5,998
#Chainlink sunk 82% in 2022, LINK is Fragile at $5.3 SupportPast Performance of Chainlink
Chainlink is backed by solid fundamentals, considering the significance of the protocol in DeFi and NFTs. However, looking at price charts, LINK has not been spared. The token dropped 82 percent from 2021 peaks and remains within a bear breakout formation at spot rates. Unless there are sharp expansions above $8, sellers are in control in the medium to long term.
#Chainlink Technical Analysis
LINK is higher, gaining four percent from December 2022 lows. Even so, the path of least resistance is southwards as long as the token is below $6.10, a critical reaction level. Aggressive traders can look at trading volumes to unload on every high below $6.10. This forecast is valid from an effort-versus-result perspective. All the same, this preview will be more precise if there are losses below $5.3. In that case, especially if the sell-off in continuation of the December drop is with high trading volumes, LINK may slip to print a new multi-month low below June 2022 lows.
What to Expect from #LINK?
LINK is under significant selling pressure, clear in the daily chart. The drawdown could continue if LINK fails to bounce from spot rates, edging past $6.10 in the near term. Any other development forcing the token lower may cause even more pain for holders, an opportunity for short traders.
Resistance level to watch out for: $6.10
Support level to watch out for: $5.3
Disclaimer: Opinions expressed are not investment advice. Do your research.
LINK - Strong reaction?LINK has been trending down for the past few weeks. A support level in the $5.75-$5.85 range caused only one downtrend correction, and it was broken again as sellers took strength. On the other hand, a downward trend line is considered on the chart, and if this resistance is broken, we can expect the price to grow to the ranges of 6.5 and 7 dollars. But if the selling pressure continues, we can expect another bearish wave to form to the $4.3 range.
There is a confirmed twin bottom pattern at $5.45 in the 4-hour time frame, where we can at least expect price growth to continue up to the $5.75-$5.85 resistance. The point is that meeting this resistance can be accompanied by a strong reaction, which this week we can consider a range trend at best for LINK.