UPDATE FOR LINK RR 2.27Hi everyone,
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LONG LINK: RR 2.27
- ENTRY : 17.131
TP1: 18
TP2: 18.72
- SL: 16.4
LINKUSD.P trade ideas
LINK with 6% high probability 🎯 We are still on move from the previous high momentum bottom spike and the price is expected to reach the upper target. The up momentum has sufficient energy to reach this level.
LONG LINKUSDT RR 2.96Hi everyone,
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LONG LINK: RR 2.96
- ENTRY : 16.645
TP1: 17.382
TP2: 18.007
- SL: 16.161
The chainlink fibonacci sequenceI think we can all say that Bitcoin didn't have a blow off top this cycle but chain link sure did.
70% in just two weekly candles in May 2021 pretty insane even for a blow off top , the week of May 17 2021 is the largest weekly red candle in chain links history ,66% in one weekly candle ,it had one hell of a run.
Since June 2018 Chain link pumped 31674% over 1050days with no major changes in its parabolic structure until of course May 2021.
It is possible that Chainlink has been playing a pattern from 2018 during that time Chainlink retraced 88% before starting its mufti year run. If the pattern plays out it means that the bottom is in for link.
At the moment chainlink is currently in a descending wedge and so is the Weekly RSI .
Since February 2021 Chainlink has been forming a massive wedge and also hitting record lows on the RSI.
Is link getting ready for a big move in the future ?, possibly what you see below is a LINK/BTC dominance chart, for nearly three years now I have been following this link fib sequence that has been quite profitable so far.
The next date is May 23rd 2022 , I bring this date up a lot because there also a number of Bitcoin Fib sequences that land in May 2022.
So what will happen come this day since I have lived through it three times already , well nothing , nothing happens on this date no crazy price action just a normal weekly close but once time passes one comes to realize that week was indeed a pivot in momentum.
So what will this time bring another pivot to the upside or downside? The fact is that its not really clear now we a descending triangle on the dominance chart which is a bearish pattern but we have descending wedges on price and weekly RSI.
I will sideline for now and wait closer to May 2022 to make a move a lot of mixed signals right now and the one thing I cant stop thinking about is the fact that Bitcoin has not put in its signature capitulation volume bar, we have nothing to confirm a true cycle bottom ,if we hit the 200 weekly with massive weekly volume bar then we can truly say the bottom is in.
LINK - 5 Year Continuous Macro UptrendThis was the chart I found that went back the furthest. When in Log Scale, you can see above that Chainlink has been in a 5 year continuous uptrend. Notice there have been several times where the channel was broken, but as we know in technical analysis, it is not the initial breakdown that matters, but the follow through price action. As you can see, the follow through price action every single time has lead to almost-immediate reentry to the channel.
I believe that Chainlink is starting the next wave to the top of this channel, a wave that would put Chainlink at ATHs close to the heartline at the middle of the channel. Heading to the top of the channel would put us somewhere in the area of $120 - $ 195.
Note that this is a very long term HODL play, and it is actually too long for my tastes, as I do not HODL Chainlink.
BAT#21: BTC and TESLA due for a correctionTLDR: Markets have been on fire, but we are due a slight correction to keep them from overheating.
LINK : CLOSER LOOKSupport and resistance
Just see price action and then take ur decision
I look forward to the yellow descending line for the first main target
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PS. *** All of my analysis is for scalping method,
Not suitable for coin holders / Investor....
It's my trading diary particulary to practice scalp trading skill.
*** If you follow it please adjust the stop loss at your acceptable risk.
>>>>FYI When I trade I use low leverage and only cut loss
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Feel free to share your thoughts, Trade safe and fun!
Chainlink going higherShould go up to 18 in the near term. Will hit downtrend and price resistance near there. May consolidate more, could break out and begin climb back to 24, 30 and see from there. Could hit 18 and enter a falling wedge?
Comments appreciated. Still learning. DYOR
45% drop coming for Link? None's readyYeah, I am a Link bull but I would be a poor trader if didn't consider the possibilities and didn't allow for the chart to show me what it could be doing.
My theory is that Link could be in a descending channel with a bottom back at Dec 2020 bottoms at about $8.60. I could see Link starting to tank over the next two to three weeks. And then around mid April see a turnaround that will break us pass descending line of resistance (yellow) retesting the bottom line of support/now turned resistance (orange). The measured breakout of the descending channel puts us exactly at the orange line of resistance.
The money flow index is topped out on the daily and showing hidden bearish divergence. The Stochastic RSI looks like it put a double top on the daily and is now curving down.
Ofcourse, it could all be invalidated. If we break out of this channel comeback to test as support and bounce then its invalidated and were most likely heading higher. But I just wanted to show you what I'm seeing.
LINK is ready to partyLINK broke through resistance and will climb higher.
Fundamental, Chainlink has a powerful team of developers with a lot of resources. This token is going places.
LINK : Bullish in big pictureMonthly time frame in log view
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In the past there're many of my analysis for LINK
and now at the point where I see how indicators turn positive
my view changed from bearish to bullish
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btw, i may not update analysis often as i'll be busy with life
Trade safe and fun, always do good MM
Feel free to share ur idea
Chainlink no brainnerif market holds I would say it's no brainer, the best oracle in the game, many projects would literally die without, staking coming
Bullish LINKINFO: We have opened a LONG position on LINK/USD, our target goal is 16
We are just following the trend lines!
