Chainlink up 20% from 2022 lows, LINK Breaks out Past Performance of Chainlink
Chainlink prices are steady at spot rates, firm, like the rest of the cryptocurrency markets, and up 20 percent from 2022 lows. After plunging 88 percent from May 2021 highs, there are flickers of hope for bulls. Thus far, LINK is stable on the last trading day and breaking out from the bear flag. However, the resilience of bulls will be demonstrated once there is clear thrust above July 16 highs, ideally with expanding trading volumes to signal participation.
#Chainlink Technical Analysis
From the daily chart, there are encouraging higher highs. With increasing trading volumes, the recovery from $5.5, a multi-week support level, could be the anchor propelling LINK to June 2022 highs in the near term. Thus far, Chainlink is trending above the bear flag following the breakout of July 16. The failure of bulls to follow through on July 17 may present an opportunity for aggressive buyers to double down on every dip today. This bullish preview is valid provided prices are ideally held above $6 and $5.7—or last week's lows. Meanwhile, a firm close above $6.8 may trigger more participants into action, lifting LINK towards $7.5 and later $9.5.
What to Expect from #LINK?
Buyers are confident, but there must be more confirmation of the end of last week's gains for the upside to take shape. Currently, traders should watch out for how prices will react at immediate liquidation levels at $6.8.
Resistance level to watch out for: $6.8
Support level to watch out for: $6
Disclaimer: Opinions expressed are not investment advice. Do your research.
LINKUSDT
#Chainlink Inside a Bear Flag, Primary Support at $5.5Past Performance of Chainlink
Chainlink prices are trending at around 2022 lows, and sellers are still in control. Despite the optimism, LINK prices are within a bear flag with decreasing trading volumes. With LINK stable and up two percent on the last trading day, the short-term trajectory depends on the reaction at $6.8 or $5.5.
#Chainlink Technical Analysis
LINK prices are within a downtrend and inches away from 2022 lows. The primary support lies at $5.5 and is a critical level that may define the short to medium term. Since LINK bulls have been unable to close above the bear flag and initiate the move up to reverse losses of the first half of June 2022, sellers are still dominant. In the short term, traders can wait for a breakout formation with high trading volumes above $6.8 or $5.5 before entry. A close above the bear flag at $6.8 may see Chainlink prices rally to June 2022 highs of $9.40. Conversely, losses below $5.5 may trigger a sell-off, forcing LINK to new 2022 lows.
What to Expect from #LINK?
Technical candlestick arrangement favors sellers at spot rates. Prices are currently inside a bear flag with waning upside momentum. So far, Chainlink bulls have been unable to reverse losses of the first half of June.
Resistance level to watch out for: $6.8
Support level to watch out for: $5.5
Disclaimer: Opinions expressed are not investment advice. Do your research.
Linkusdt 3D Buyers are trying to push the Link price upYour attention is the global chart of the trading pair Linkusdt on a 3-day time frame
For more than 2 months, buyers of the Chainlink token have been trying their best to keep the price above the $5.50 level. And although it is difficult in the current maximally suppressed phase of the crypto market, but they are succeeding at this time.
Maybe now buyers are trying to form a reversal trend figure: Double bottom, or Adam and Eve. The working goal of working out this pattern is in the area of 15 dollars.
In general, there is a large liquidity zone $12.5-17.5 above, and at the moment there is little belief that they will be able to break it upwards with ease. If such a miracle happens, then the maximum positive goal for 2022 for Link is 22 dollars.
A clear signal that the buyers will have capitulated, and the sellers have won the fight, will be the fixing of the Linkusd price below 5 dollars.
In such a situation, one must be very careful and realize that the next support level is around the $2.70 area
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LINKUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for LINKUSDT
In the present chart, we have R1 that used to be a support area and now it resembles the disability of the price to increase. And S1 is the support area which shows the support of the price at several points . At the moment, we observe the price fluctuating in a neutral channel and above S1 area. We believe the price will fall to the bottom of S1 area (which we can consider a long position at this point) and then it will rise to R1. Even it is possible that the price falls below S1 and face more decline. Note that by the time the price does not leave this channel, we cannot expect a rise or a fall for it.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
LINKUSDT Short SetupIn the past couple of days, Bitcoin and other crypto-assets have created slight bullish trend. From the macro sector, Crypto still not bottoming yet (IMHO). Based on the chart that I show here, there is a possibility to change the trend into bearish. What are your thoughts? Please comment down below.
LINKUSDT🚀 110% per month is not enough?Subscribe to the channel for more new information about trading✅
Hello everyone👋
I saw an interesting wedge on the LINK coin, the coin recently broke through the resistance of the pattern and breaks out further.
I think in a month the coin can turn around and show a good green percentage.
Since May, the price has been at the stage of consolidation and continues to be in it, I think there is not much time left before the explosion in long, and after the dump, I think bitcoin should also break out to new resistance zones.
I would consider this coin as for a long time, I’ll just drop a small percentage of the asset from my portfolio, especially since I like to trade such patterns, they are easy for me)
All successful trading and do not forget about your risk management.
LINK/USDTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
The chart is on the weekly timeframe.
From the data that I see on here, I think the bottom is in. We will be ranging between the two green lines as I believe that is the accumulation zone.
If we break below the bottom green line, I will find a new chart. As you can see, the data given to me here is only from 2017 so the count could be incorrect.
We are already at the bottom of the green line. I do not think we will go lower.
RR: 22.2
Stop loss placed under a 53% drop @3.5
LINK - short-term trade - our target $7,35Hello colleagues!
We publish the short-term trade we entered tonight. This trade has a local perspective and does not mean that the correction of the cryptocurrency market cannot continue.
In this case, we still have a relevant trade in cryptocurrency HNT:
Details of the LINK cryptocurrency trade:
Entry: $6.31-6.35
Stop: $6.16
TP: $7.35
Let's see how it works!
LINKUSD Dominant UptrendLINK has fallen quite a lot, just as other cryptos
The question is where will this falling stop.
I see a major trend line in Green which aligns well with another weaker uptrend in blue, and a downtrend in red
At this area price is around $5 per LINK
This is also at the 0.618 Fib level
Chainlink Long-Term (650% Potential Profits To All-Time High)Chainlink vs Tether (LINKUSDT) has gone through a complete cycle.
It took two years to complete.
Notice the bulish wave (wave up) followed by a bearish wave (wave down) on the chart...
Last weeks LINKUSDT hit its lowest price since July 2020.
At the same time we have really high volume on this candle, signaling that we have strong support.
We see the MACD and RSI starting to curve.
With hidden bullish divergence on both.
From here, LINKUSDT can start to slowly recover and then fast growth.
We have a whooping 650% potential profis to the All-Time High...
But in the next bull market we will have a new All-Time High, giving us additional potential for profits in the long-run.
You can find more details on the chart.
Thanks for the support.
Namaste.