LINK rally just getting started??LINK is currently way too oversold and the bullish divergence is only getting bigger. I think landing in $13-15 then primed to take off to early $20s after some consolidation.
LINKUSD.P trade ideas
link short term move $LINKon ltf its forming a range would like to see a dump for liquidity and then comeback to the range . finally giving a breakout from the range moving up
LINKUSD ❕ growth is stronger than the marketLINK has grown much stronger than the other coins and has pulled away from the market a lot.
Large wallets continue to accumulate the coin.
The launch of Stacking was announced.
Near the boundaries of the range, volumes are rising, but the price is not out of the range.
I expect that LINK will test the upper boundary of the ascending channel and after fixing under it will continue the correction.
LINK appears double bottom structurelink formed a double bottom and broke the neckline
It is expected that a short-term step back still has the potential to rise
If you can step back on the neckline, you can try to buy in a wet warehouse in the short-term
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Chainlink (STINK) 6.7.22very interesting when zooming out. can you believe its been 4 years since we were at the beginning of our first rally. FOUR.
now. getting a fresh cross on the weekly stokes. does this mean link is going to 1000 overnight? nope. but it def paints an interesting picture. no matter where this thing goes. buyers are going to be stepping in and sellers are losing momentum. yes we could get leveraged punctures to the downside along the way. but all these should be snapped up for those that think out in years. ppl are finally starting to get it. you can see it in the charts. this isnt a bottom is in. but imo the bottom is likely in and that doesnt mean str8 up. it just means lows are so close you can smell them. r/r we drop what 50 percent? buy it if so but for me im loading and have been loading since 6
$LINK Weekly Log Updated Here's another idea I am flirting with. Seems to make sense. We complete the inverted arc and start the second half of the upright arc. This would provide the rocket fuel for the next phase, which I believe would take us to beyond $2000/token in the next few years. Patience is needed.
LINK recovers $7.94, eyes $8.00 resistance nextThe ChainLink price analysis shows that LINK has initiated a swift recovery with the bulls climbing past the $7.90 mark and attempting to break past the $8.00 mark.
The broader cryptocurrency market observes a bullish market sentiment over the last 24-hours as most major cryptocurrencies record negative price movements. Major players include BTC and ETH recording a 5.31 and a 5.50 percent incline respectively.
ChainLink Now 56% Up from our Entry #ChainLink Chart Update:-
- #Link 50% Up from Our Entry.
- #LINKUSDT did -46% Dumped From our Alert
- Already told Bearish #LINK Chart
Now..?
- expecting $12 before another Leg Down.
Support/Entry :- ~$5 ✅
link long i am long on link rn to the orange box 8.14 $ at lest
we gave to make nice abc to 9 $ so it's a 5 waves up zig zag correction
we in wave 3 rn let's make some money
LINK: without strength for $8 resistance? It was an interesting week for LINK. Although trading volumes had significantly increased, still LINK was holding strongly to the sideway. Price was modestly pushed from level of $6.2 up to $7.7, ending the week around $7.3. It seems like LINK is trying hard to remain at current levels. Long term resistance line at $8 has not been tested during the week.
During the week RSI reached level of 45, however, market strength was weak to indicate that it has started a clear reversal after the oversold market reached two weeks ago. Break of 50 line and clear path toward overbought market is still on hold. Moving averages of 50 and 200 days are not adding to the probability of next moves, considering that they continue to move as two parallel lines.
Long term resistance line at $8 has not been tested during the previous week, so it remains a target for LINK in weeks to come. However, in a case of a negative market sentiment price might be pushed to the support line at $6 to test it one more time.
Disclaimer: This article provides exclusive views of the author. It does not in any sense represent a suggestion for trading.
🔥 LINK In A Massive Bull Flag: $100 Next Cycle?LINK has been one of the top performers in the last cycle, where it performed exceptionally well during the bearish part of the cycle.
Sadly enough, LINK topped during the first top of 2021, only to trade dominantly bearish since then. However, there's light at the end of the tunnel.
LINK appears to be trading in a bear flag pattern, which are classically bullish continuation patterns. Be aware that were currently still in a bear market and LINK could very easily drop another 75% from here.
Theoretically, LINK could reach $100 next cycle. If we make the assumption that LINK will find a bottom at $3, we only need a 33x to get to $100, which should be doable considering it did a 320x from bear market low to bull market high last time.
LINK the true hero of Hyruleback to the deku tree for this guy, anything sub $1 is a buy. ideal entry of .51 offers an 10,000% gain opporunioty if a runup to the ATH commences
trend analysis of ChainlinkIt seems $5 to be a good entry point. Chainlink needs to remain above $2 or $1.5 to maintain the uptrend.
LINK/USD has completed an Elliott Wave 12345 ABC CorrectionThis is a classic standard Elliiot Wave 12345 ABC in all it's glory. Are we ready now to start going back up the way? My feeling is yes.
LINKUSD ❕ above the rangeLINK is moving in an upward channel.
There is a bullish divergence between price and trading volumes.
The 50MA has broken up through the 200MA on the 1H Timeframe.
I expect that the price may continue to rise after fixing above the upper boundary of the range.
LINKUSDT tested trendlines three times1) Highly probable to break
2) If another reversal comes, still short
The New Chainlink Cycle Has StartedThis could very well be the new Chainlink channel before breaking the 8/1 Gann Fann and going to all time high.
So as you can see from the two yellow circles this channel is becoming pretty important for link. Last time we hit the bottom of this channel it was the Covid crash March 2020.
791 days later we had the same thing happen capitulation crash to the bottom of this channel and so far things are looking pretty good, we keep closing weekly candles above it .
The BTC/LINK time sequence is now officially started, check out this TA below .
From here onwards Link has now started its new cycle, a potential rally could take it as high as 20 dollars this year , before rolling over at the top of this channel going into 2023.
The next BTC/LINK sequence is now April 2024 which lines up with Bitcoin halving and March 2024 time Fib you see in this chart. It is possible that during the period April -March 2024 chainlink will break the 8/1 Gann Fann and start its parabolic move upwards and break all time high.
Target for late 2024 would be 185-200 dollars.
LINK: low probability for stronger reversalDuring the previous week LINK was clearly traded sideways. Price of the coin was moving modestly toward level of $7.6, however, during Friday`s trading price reverted again to the downside, ending the week around $6.5 level. Price recovery, after reaching a clear oversold market, continues to be on hold, as there is still ongoing selling pressure for this coin, but luckily, with significantly decreased daily trading volumes.
RSI continues to move in the oversold zone. Highest level reached during the week is 34, which clearly shows that the market is still not ready for a price push toward upside. Moving averages of 50 and 200 days does not provide much support to technical analysis at this moment, as they continue to move as two parallel lines with downtrend.
Based on technical analysis there is potential for LINK to move toward the $6 support line in order to test it for one more time in the coming few days. On the other hand, there is equal probability for a move to the upside and long term resistance line at $8.
Disclaimer: This article provides exclusive views of the author. It does not in any sense represent a suggestion for trading.
ChainlinkLINK/USDT we have 2 Strong Resistances im looking into both Resistances in 30min charts first Resistance(6.755$) LINK can perform Double Bottom and to drop down if break this Reisitance we looking Second Resistance ( 6.860$) for Double Bottom and it will be same for SHORT
$LINK Weekly Log chart UpdatePattern is becoming a bit cleared as we complete an inverted arc. Strong support below. Looking like a magnet at this point. Possible breakout late this summer? Let's see how we act off of supports
Chain link Low targets chain link is going to make trading nut here and go deeper . my target for buy is 2.7 Dont rush ,market balance shows a deeper targets .2.7 will be the 0.9 fibo projection .there could be a shadow for 1.8 $ and close of weekly candle should be 2.7 date must be in second week of july for all market low targets .
LINK UPDATE - POSSIBLE BUY AREA - $4.50i've been following LINK for a while now and when you think it can't go any lower, it does.
i still believe we get another leg down to the $4.50-$3.85 area before we start to trend up
why do i think this? a couple reasons 1) we have a hidden bearish divergence on the daily chart (price = lower high and RSI = higher high) and 2) equities are set to dump again today after trying to make a comeback the day prior
no clue that this happens but worth sitting on the sidelines until we have clear direction before taking a risky position here
not trading advice, just my thoughts
tjg
