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Chainlink

LINK: Approaching ResistanceChainLink (LINK) technical analysis: Trade setup : Trends are improving. Price has bounced up from oversold levels (RSI < 30) near $5.00 support zone and above $6.00 resistance. However, it needs to break above 200-day moving average (~$6.70) to confirm trend reversal. Trend : Uptrend on Short-Term basis, Neutral on Medium-Term basis and Downtrend on Long-Term basis. Momentum is Bullish but inflecting . MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $6.00 (previous resistance) then $5.50 and $5.00. The nearest Resistance Zone is ~$6.70 (200-day moving average), then $8.50.
Long
by altFINS
2
LINKUSDT DAILY : WHERE IS THE FLIPHi Guys Hope you well, As you can see, the link was able to make a good move and the price of almost 35% growth in the daily time, according to the conditions of Bitcoin, it can be expected to experience a weak decline and then reach the supply areas in the daily time form. Two zones have been specified for the return of the price, which should be checked when arriving according to the conditions of Bitcoin. SecondChanceCrypto ⏰2/JULY/23 ⛔️DYOR Always do your research . If you have any questions, you can write them in the comments below.and I will answer them. And please don't forget to support this idea with your likes and comments.
Long
by Secondchancecrypto
2
Bearish sideways range continues Since June2022 chainlink is in accumulation bearish zone. The Resistance(S.Chart) has been tested 5 times, where the sellers pushed down the market,with increased bearish volumes. A break down oof the channel has more probablitiy as the bearish volume in the southern areas is increasing(I have marked them for you with red arrows) The market collapsed after the gap down on may2022. A break above 8,50 can push chainlink to higher area with the first target to fill the gap.(S. green arrows) and Bullish scenario. A Break down of the channel could continue to below 1$(See Bearish target 0,28-0,40). The bullish outlook will be invalidated upon a decisive daily candlestick close below $5.73 An increase in buying pressure from the current level could see LINK shatter above the $6.96 resistance level, flipping all the key EMA resistance levels into support and using them to jump off base to target new highs. In such a case, a crucial supply zone presents an opportunity for LINK holders to sell at a premium value. A supply zone trading strategy uses the price returning to the highlighted zone as an exit criterion. As such, traders should watch for a retest of the zone marked in blue to sell their LINK holdings. It marks the distribution phase of Wykoff’s classic schematic of market action characterized by accumulation, distribution, and redistribution spaces. According to Wykoff, these phases are the handiwork of ‘whales’ and big institutions like smart money hedging their funds in the market. Once Chainlink price tags the supply zone, investors should expect a pullback, making time an important factor in avoiding the load-shedding exercise. The recommended stop-loss level where traders and investors can lock in profits while avoiding any losses is the lower boundary of the supply zone at around $8.17. Such a moe would constitute a 30% rise from the current level. On the other hand, an increase and sustained bullish momentum could turn what now presents as a supply zone into a breaker, providing an opportunity for Chainlink price to ascend and collect liquidity above the November highs of around $9.00.
CAPITALCOM:LINKUSDShort
by DaveBrascoFX
1
Chainlink , is it over?Is it over for chainlink , are we going to 0? Just three days we had amazing news for chainlink , the swift integration , this is massive news but if you been following LINK for a while you new it was coming. Three days ago we were flooded everywhere with these articles letting everyone know how amazing this development was and how bullish this was for chainlink. Three days later what do we have? Your classic flash crash structure on early Saturday morning , I have documented time and time again for years here that these moves always happen Saturday mornings. The level Chainlink has hit is very important it was the resitance wall of 2019 at 5 dollars , there is alot of confluence in this level so it is likely that it holds here for now, if not 3.5 dollars is next. Why 3.5 dollars because thats where most of the past volume has been on LINK. In May 2021 this indicator that I use quite abit flashed bearish divergence with a count of 5 , at the time I thought is this the top? As of today on the monthly the indicator has now flashed bullish divergence with exactly the same count , very interesting. Don't think for a second that this was just pure coincidence that they pumped the internet with bullish chainlink news only to dump the price 3 days later , its clear they are trying to shake you out. There no coincidences in crypto only coordinated attacks on your fear so large corporations can load up more.
COINBASE:LINKUSD
by Sporia
25
wyckoff accumulation on LINKLINK has brokedown a very long range (over a year) so if the bleeding stops here (but honestly I think it'll continue) a wyckoff accumulation is likely to happen. Off course this is a possibility in case my previous idea on TOTAL3 (check it among my ideas) is wrong. I think that for the long run this dump is an opportunity to buy but just because it's very hard to recognize the bottom of the market when it happens. Please notice I have not LINK in my wallet, at least so far! Good luck
by Shotokhan
1
LINK Chainlink Oversold at its last support | Growth thesis !Chainlink (LINK) presents a promising investment opportunity, especially in light of recent market developments. With BlackRock's filing for a Bitcoin trust rather than an ETF and the SPX reaching a 52-week high, the market sentiment appears to be bullish. Despite being oversold and finding support at its last line, Chainlink's technical indicators suggest the potential for a rebound. Considering the oversold conditions, investors could see an attractive entry point for Chainlink. The price target of $8.70 adds to the positive outlook, indicating the potential for substantial growth. A technical rebound, supported by market dynamics, could further bolster Chainlink's upward trajectory. Chainlink's unique value proposition as a decentralized oracle network, facilitating secure and reliable data integration for smart contracts, positions it well for continued growth. Its technology plays a crucial role in the advancement of blockchain applications across various industries, offering real-world solutions and bridging the gap between blockchains and external data sources. Chainlink's strong partnerships with industry-leading organizations and its expanding network adoption provide a solid foundation for its future success. These collaborations reinforce Chainlink's credibility and market position, potentially attracting more investors and users to the platform. Looking forward to read your opinion about it!
Long
by TopgOptions
chainlink outlook 2025hello trader/investor, chainlink is one a the big cap crypto projects that is going to do very wel in the future IMO. the progress they make, global implementations with banks / swift system are a huge deal and wil come to fruition in the next few years. altough CHAINLINK did very wel is last bull market, its going to do even better in the future IMO. this is why i forcast a target of 150$/LINK in 2025. DCA at these levels is not a bad idea , but keep in mind that lower prices are possible but no garante , altought we chainlink made a new low , its showing strenght compared to other big caps! best of luck , stay humble stack sats.
Long
by stabb
LINK long idea Listen up, in the world of crypto, Chainlink's the game, But before you go long, you gotta manage that risk, it's not a game. With LINKUSDT, a long idea in play, Channels, OBV, and Fibs to pave the way. Been in accumulation, for almost a year, But with potential targets in sight, don't you fear. TP1 at 7.4, TP2 at 8.40, TP3 at 8.8, TP4 at 9.48, so don't you get naughty. But with gains in sight, you gotta keep your SL in check, Below 5.75, to prevent losses and protect. So let's go long on LINKUSDT, With a strategic plan, and risk management to see. With channels, OBV, and Fibs to play, Potential profits, just a breakout away. But don't forget the SL, it's your safety net, To ensure gains, and no losses to fret. So let's ride the wave, and make it big, With LINKUSDT, and a plan that's strategic. Potential targets in sight, but risk management is key, For a successful trade, and a profit to decree.
Long
by DepecheGST
✴️ Chainlink Classic Falling Wedge PatternAsk anybody or everybody around and they will all agree that the falling wedge is one of the most reliable patterns to spot on a chart. This is a bullish pattern and once you have it well mapped out, it is sure to play-out. On this LINKUSDT chart we have a falling wedge pattern already breaking bullish, so the breakout has already taken place. Yesterday we had a full green candle which by itself is a bullish signal but what is more interesting is todays candle, it has a long lower wick and is about to close green. This tells us that sellers did show up and tried to push prices down but the bulls bought everything back up. As the candle/session/day closes green we get two additional signals; The RSI closing above 50 and the break as resistance of EMA21 and EMA10. This is no surprise for us as we've been bullish all along... But having these signals on the chart, inspires me to open up a 10X long. The rest is for the market to decide... We will know how it went based on the results. Many the wins, only a few loss. Namaste.
Long
by MasterAnanda
1
LINK at the mid-range - A rebound or a likely breach? For the past 3 weeks, LINK traded in a range with extremes at $6.2 and $6.8. The range high aligns with a critical former support level in late March/April. The range-low coincides with a bullish OB (white) on the 4-hour chart formed on 12 May. A possible rebound at mid-range could see LINK rally to the range high of $6.8, especially if BTC reclaims $28k. But, the mid-range of $6.5 could be breached and a retest of the range low/bullish OB could be on the cards if BTC dips to $26k again.
by AMBCrypto_TA
ChainLink End Of The RoadChainlink has posed a challenging cycle thus far, with an extended period of sideways accumulation for over a year. However, the time has now come for the asset to make a move. The Gann Fan indicator illustrates that there is limited room for further sideways action, with three rejections of the 1/2 Fan occurring in the last two years. If we do break out of this range, we must either move downwards or make a significant upward move, which will likely last until late June 2023. At this point, a move to the 1/1 Gann Fann level with 20 dollars as the maximum price increase seems the most plausible. Looking at the facts, the monthly histogram for LINK indicates a building momentum, with lighter closures suggesting a potential shift in trend. Additionally, LINK has experienced four straight months of weekly lower highs since the start of the year. My hypothesis is that we will reach a peak in June 2023, which lines up with the predictions for LINK based on the chart below: The USDT dominance chart has completed its 5 waves and ABC correction, with the final wave most likely to start next week once the yellow support level is broken Furthermore, the Bitcoin Dominance chart has also completed 5 waves and is currently experiencing a rejection of the 8/1 Gann Fan, indicating that alt season is likely on the horizon. If Link fails to break the 1/2 Gann Fann level to the upside, the downside target would be HKEX:5 , though this scenario has a lower chance of playing out at the moment.
COINBASE:LINKUSDLong
by Sporia
12
LINK - It is timeLink has been consolidating in the same tight zone for 330 days. After that long period of accumulation, I predict the move up will probably be large and sustained for at least 2-3 big legs up. The problem is that we've had 3 fake-outs where price closed above $8.5 and then dumped hard right after. With that in mind, I plan on buying the next time LINK closes above 8.5 and cutting my losses if I see it close back below the support/resistance (S/R) zone highlighted in red, meaning below $8. If the breakout is real, a I think and hope it is, then I intend to take profits between $19-20, and keeping the rest for the possibility that LINK becomes a beartime runner again, like last time.
BINANCE:LINKUSDLong
by fritzz
9
LINK: Channel UpChainLink (LINK) technical analysis: Trade setup : Price is trading in a Channel Up pattern. Swing traders can trade the channel (Enter near support, Exit near resistance channel trendline). Pattern : Price is trading in a Channel Up pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Trend : Downtrend on Short- and Medium-Term basis and Uptrend on Long-Term basis. Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45). Support and Resistance : Nearest Support Zone is $7.00, which it broke, then $6.00. The nearest Resistance Zone is $8.50, then $9.50.
Long
by altFINS