Link breaking up from bullflag & inv H&SNot even factoring in the much larger monthly pattern link is breaking up from here and only focusing on the inv h&s and bullflag. Will be interesting to see how price action plays off these measured move lines on the way to their targets. While it seems like we have definitely triggered the breakup from the bullflag I don’t think it has officially broken upward from the inv h&s neckline just yet, but likely will soon. *not financial advice*
Chainlink
Link's Ongoing Struggle At $7.6 Hopes For A Breakout To $11(Link), one of the leading cryptocurrencies in the market, has been locked in a seemingly endless struggle to breach the 7.6 dollar price point for several months.
The cryptocurrency market is no stranger to volatility, but Link's stability at this particular price range has caught the attention of investors and analysts alike. In this article, we will explore the factors contributing to this prolonged struggle and examine the potential catalysts for a price breakout that could propel Link to $11.
Understanding the $7.6 Resistance
Link's performance in the cryptocurrency market has been impressive over the years. However, since , it has been unable to sustain a significant upward momentum beyond the $7.6 mark. To understand this resistance, it's essential to look at the various factors influencing Link's price.
Factors Contributing to the Prolonged Struggle
Market Sentiment: Market sentiment plays a vital role in determining the price movements of cryptocurrencies. Negative news, regulatory concerns, or general pessimism can create downward pressure on a cryptocurrency's price. Link has faced its share of setbacks and FUD (fear, uncertainty, doubt) in recent months, which has contributed to the struggle.
Resistance Levels: Technical analysis often highlights significant resistance levels that can act as barriers to price movement. The $7.6 level has been a formidable resistance point for Link, with traders and algorithms reacting to it.
Overall Market Conditions: Cryptocurrencies are also influenced by broader market conditions. A bearish market can make it challenging for any asset to rally, while a bullish market can provide tailwinds for significant gains.
The Potential Catalysts for a Breakout
Despite the challenges, there are several factors that could potentially drive a breakout for Link, with a price target of $11
Technical Analysis: A break above the $7.6 resistance level could trigger a surge in buying interest, pushing Link's price higher. Traders and algorithms often follow such breakout patterns.
Fundamentals: Chainlink's fundamentals remain strong, with its decentralized oracle network being widely used across various industries. Adoption of the technology can create sustained demand for the cryptocurrency.
Positive Developments: News and developments related to Chainlink's partnerships, integrations, and projects can significantly impact its price. Positive news can rejuvenate investor interest.
Chainlink's extended struggle at the $7.6 price point has frustrated many investors, but it's essential to understand the myriad of factors that have contributed to this situation. While breaking the resistance will not be easy, there are several potential catalysts that could pave the way for a significant breakout, with a price target of $11.
Investors should closely monitor the market sentiment, technical analysis, and the broader cryptocurrency landscape for signs of a potential turnaround. In the volatile world of cryptocurrencies, one thing is certain: surprises are always around the corner, and Link may yet surprise the market with a remarkable rally to $11.
As with all investments, it's crucial to exercise caution and conduct thorough research before making any decisions in the cryptocurrency market. check for plagiarism.
LINK ANALYSIS (short term)Link has entered the correction phase after its rise.
Due to the overlapping of the waves and spending similar times, it seems to be inside the diametric pattern.
The link is expected to move according to the predicted path on the chart.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Chainlink Roadmap ($200?)(Chart above Green Line - November 2024 , Red Line October 2025)
There are some amazing things happening right now on the Chainlink chart. It may seem like LINK is still in a boring range, but for me, it's quite the opposite. This move down to $5 was the best that could have happened for LINK.
We documented this entire move down to $5, and you can check it out below:
The bar pattern you see in front of you on the main chart above is taken from December 2018 to May 2021. Why so specific in December 2018? Well, if we zoom into the Daily timeframe, you can see a clear mirror pattern appearing. This move down to $5 confirmed to me that, in fact, Chainlink has been playing out a very similar fractal since its first and only bear market, starting from November 2022 (FTX crash).
This is an incredible find! Just look at it; it's undeniable!
The last wave from December 2018 looks pretty much the same as the one we had in June 2023; it even took the same time at the bottom and to pump back up to the range high.
The only major difference here is that in December 2018, this final wave set a higher low, but this year we set a lower low:
Now, let's talk about Fibonacci time sequences:
I forgot about this time count, in October 2022, I marked it as failed because we didn't get a reaction from it anymore, but I stumbled upon it in an old chart save, and wow, it did, in fact, mark the bottom of wave 5 and pivot up.
If Chainlink does repeat the last cycle, then this October 2023, Chainlink will have a massive run-up to an all-time high:
So, out of the last five Octobers since this chart started in 2017, Chainlink has finished the month positively every time except for the first:
Oct 2017 -55%
Oct 2019 +49%
Oct 2020 +28%
Oct 2021 +19%
Oct 2022 +2.75%
Keep in mind that this chart starts in September 2017, so this October we could see a big move up or the start of it. If Chainlink behaves like the last cycle, it rallies to all-time highs.
Remember that Chainlink broke all the high four times before Bitcoin finished its cycle top:
If Chainlink breaks the 3.618 Fibonacci level four times again, LINK would go over $1000:
I put this outcome as unlikely since it takes a lot more money to move this market cap to those numbers.
This TA assumes that Chainlink will follow more of the Bitcoin cycle, as that's what coins that run through the cycle once and significantly increase the market cap tend to do.
LINK/BTC
This time sequence started everything , put everything in motion for chainlink for me , since then its been right at predicting Chainlink events 100% of the time for years , the next date is April 2024 which happens to be the next Bitcoin halving, things are going to get really crazy around this time expect anything.
🔗Chainlink(LINK)🔗 will Go Up⏰(15_min)⏰🏃♂️ Chainlink(LINK) is moving in the 🟢 support zone($7.34-$7.13) 🟢.
🌊In terms of Elliot waves , Chainlink(LINK) has completed its 5 waves in the 15-minute time frame.
💡Also, the Regular Divergence(RD+) between two successive valleys is clearly visible.
🔔I expect the 🔗 Chainlink(LINK) 🔗 to move towards my 🎯 Target 🎯 after the downtrend line breaks.
Chainlink Analyze (LINKUSDT), 15-min time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
LINK ☀️ Upside In the Next 24 Hours; Bullish Forecast Cloudy ☁️, slightly bearish trading conditions will linger over the global crypto market in the next 24 hours. Sunnier ☀️ slightly bullish conditions will, however, prevail overChainlink Uniswap, and Cardano, according to ATTMO’s forecasts.
Over a one-week horizon, a mixed picture arises. The sun ☀️ will return and shine over Bitcoin, Litecoin, Cardano, and Uniswap. Other altcoins including Ether, XRP, and Binance face bearish clouds ☁️ and downside risks. Avalanche may even face stormy ⛈️ trading conditions, signaling the risk of a very bearish trend.
Follow us for more crypto weather reports!
🔗Chainlink(LINK)🔗will Go Down by Triangle⏰(1-Hour)⏰Hi, everyone👋.
🔗Today, I decided to analyze Chainlink(LINK) for you. I hope that it is useful to analyze.
📚 What Is Chainlink(LINK) ❗️❓
🔸Founded in 2017, Chainlink is a blockchain abstraction layer that enables universally connected smart contracts. Through a decentralized oracle network, Chainlink allows blockchains to securely interact with external data feeds, events, and payment methods, providing the critical off-chain information needed by complex smart contracts to become the dominant form of digital agreement.
🔸The Chainlink Network is driven by a large open-source community of data providers, node operators, smart contract developers, researchers, security auditors, and more. The company focuses on ensuring that decentralized participation is guaranteed for all node operators and users looking to contribute to the network.
🚩It seems that Chainlink(LINK) is creating a Contracting Triangle between two areas of 🟢Support🟢 and 🔴Resistance🔴 .
🔔I expect Chainlink(LINK) to move towards the 🟢 support zone($7.34-$7.13) 🟢 after breaking the lower line of the Contracting Triangle .
Chainlink Analyze (LINKUSDT), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
"Chainlink's Decentralized Oracle Network**Chainlink's Bullish Surge Today: RSI, SMA, and EMA in Focus**
Chainlink (LINK) is making waves with a strong bullish trend today. The Relative Strength Index (RSI) for LINK indicates robust buying momentum, firmly above the 70 mark, signaling a potential for further gains. The Simple Moving Averages (SMA) reveal a golden cross, with the 50-day SMA crossing above the 200-day SMA, a classic bullish signal. Furthermore, the Exponential Moving Average (EMA) shows a consistent upward trajectory, emphasizing the sustained momentum. Chainlink's innovative decentralized oracle network, which plays a pivotal role in the DeFi ecosystem, coupled with strong technical indicators, positions LINK as a standout performer in the crypto market today.
CHAINLINK READY FOR TAKEOFF!CHAINLINK READY FOR TAKEOFF!
Link is the leading oracle and has no real competition, this project will make it to near all time highs in the next 6-12 months and will retest perfectly unless there are any blackswan events in our economy.
Global corporations and enterprises are ready to adopt a blockchain standard and will do whatever it takes to get clarity before this next bull run.
Im expecting chainlink to make definite partnerships with top organizations on the globe and have the potential to have its own ETF or be apart of an ETF.
Chainlink is in a group by its self and theres only a couple projects out there that actually provide real world use-case and LINK is one of the best.
This asset is tightly following ETHERs 2017 bear cycle which lasted 790 days from the previous top. This resulted in ETHER having a massive blow off top and with things rhyming so closely, I believe that chainlink is poised to be upward of $200-$500 if we get lucky.
If this doesn't happen in this bull cycle i still expect to see these price levels by 2030-2031
because crypto cannot survive right now without Link and that gives it enough use-case as BTC does or more in this current day in age where Utility is needed and foundation has to be established to meet industry standards.
LINK/USDT possible scenarios what next?👀 LINK Today Analysis💎 Paradisers, let's delve into #LINKUSDT, which currently presents two distinct trading scenarios within a tight structure.
💎 Currently, #LINK has been rejected from a daily resistance level for the third time, making it likely to retest its support level, potentially dropping by -8.95%.
💎 The support level at 5.779 of #ChainLink serves as a key reversal zone. Should the price retest this level, a bullish move is expected. However, if the support level is breached, consider a short entry. Your take-profit (TP) should be set slightly above the invalidation level.
💎 In both scenarios, it's advisable to set your stop-loss at approximately 1.75% of your margin to safeguard your portfolio.
Keep your charts updated and Stay one step ahead of the market 🌴
LINK RANGE BOUND - BUT FOR HOW LONG?Have been monitoring link in this range for some months...the weekly range is clear as day.
WEEKLY
weekly price action is showing that the upper key area (red) is being rinsed out... everytime a wick moves into this area it is sold off. Now looking at the first three times price has entered, it has produced an engulfing candle, showing strong reversal, to lower end of the range, which is around 35% move... a move to the upside of the range is around 55%. So do the math. We have also been chopping in this range and managed to push out to the downside and tag the previous high (purple) which never got tested on the way up.
The Green line - 'trendmaster / E9 sTM' flashed green on the past impulse leg up, as an entry rule when this switches we enter on a retracement, we have retraced all the way down to lower end of range and hovering above the level. E9 Overwatch is neutral.
DAILY
So on the daily i am currently monitoring this orange fibb / accumulation zone, we can see the bottom of the weekly range (whiite line), There are buy signals (light green candles) appearing from the Overwatch MFI. Just by looking at the price action i can see on a lower timeframe there is some accumulation patterns happening. his is in and around the area for previous impulse POC area. Something else to take note of is the recent Bearish engulfing candles do make me pause for concern.
Moving forward would like to see a confirmation of a nice Bullish engulfing candle on the daily chart, when this happens i will update this and we can monitor moving forwards.
CHAINLINK - Add This To Your Watchlist!Here we have the 2weekly chart of Chainlink. We can see that on a higher timeframe, we are still bullish. We have not yet completed the 5 waves. We are currently on the 4th wave which appears to be a WXY correction (breakdown: 3 waves for W, 3 waves for X and 3 waves for Y)
We have almost completed wave X and anticipating wave Y soon.
Once we make that final move down, we can look for buying opportunities. Expecting the bearish correction to finish above the blue structure.
There is a potential for a 2000% trade coming up. Definitely one not to be missed!
Goodluck and as always, trade safe!
LINK - new bull run started?Hello, everyone!
Today a lot of traders making analysis on BINANCE:LINKUSDT because it has suddenly pumped against the entire market. Could this coin be already bottomed or new lows are incoming?
Looking at the price structure since ATH we have the clear EW counting. Global ABC correction is represented here as a classical zigzag. Wave C in this case should has 5 waves. Minimal Awesome Oscillator value corresponds to wave 3 and current flat is the annoying wave 4.
Technically bear market could be finished because we have already seen the bullish divergence and lower low, but Bitcoin in my opinion should dump and I cannot understand how altcoins can pump against it. That's why I expect another one lower low in the wave 5.
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LINK: new HTF analysisMy previous TA on LINK was correct on daily timeframe but the spring hat was created wasn't enough to break the range because it was too small for a weekly/monthly BoS. As a consequence you can see LINK being in the same range after 500 days. Here you can see my new updated TA.
So basically it keep being time to accumulate either link in DCA or to have a good supply of stablecoin ready to buy LINK when the range will break downward in order to create a spring which will push the price over the range and toward new highs (when bull market will be fully among us).
Good luck
LINK: Resistance BreakoutChainLink (LINK) technical analysis:
Trade setup : Price bounced off of $6 long-term support and broke back above 200-day moving average (~$6.70), which could signal potential bullish trend reversal with upside to $8.50.
Trend : Uptrend on Short-Term basis and Downtrend on Medium- and Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $6.00 (previous resistance) then $5.00. The nearest Resistance Zone is $8.50, then $9.50.
ChainLink Analysis For long-termHello Traders, here is the full analysis for Chainlink
let me know in the comment section below if you have any questions. I suggest you keep this analysis on your watch list and see what will happen and will my analysis will happen!!!
Today I want to talk about LINKUSD in a daily time frame
Before that, I want to remember It's not financial advice.
I'm just sharing my view and opinion of the chart. Please see and think about that. The situation is so complicated.
I will tell you the best zone to buy and hold Chainlink for the long term to get a huge profit.so, please be patient.
As you see in the chart, I want to explain everything by the Fibonacci Channel. Because it's so simple and easy to show you.
I draw 3 Green Zone to show you all the support zones. I believe that the first green zone will be broken. Sooner or later but it's sure.
So let's focus on the second one. I think it could be a strong zone to support the price but I think the market maker do anything to lose that to the third support zone.
I'm sure the 3rd green zone is the best place to buy and hold link for long term. it's really my favorite place. I will put my orders in this zone. because I believe that the future of Chainlink is bright.
If you have any questions, please don't hesitate to contact me.
Wish you the best
Sincerely Yours
Ho3ein.mnD
LTF $LINK long setup, high conviction!Here are my thoughts on BIST:LINK on the weekly chart. Took the long already with low leverage (5x) and decent position size.Closing 30% @tp1, 40% @tp2 and letting the rest to run long term til tp3
Use low leverage and remember this is a very long term trade.
Please share if you like this trade setup.