LINK.Usdt (Y23.P2.Video1). Macro outlook, more accumulation?Hi Traders\Investors,
Note:
I made a mistake thinking for some reason its called MATIC but its CHAINLINK so the logo on the video is incorrect.
LINK is currently in a range that suggests its accumulation and the longer it accumulates, the bigger the breakout it will be.
I give my perspective for 2 scenarios, both are dependant on what BTC does in the coming weeks.
I show or explain what I see and how I give it measure for those key levels.
The rest is up to you.
Please give me a like and share,
Regards,
S.SAri
weekly indicators show downward pressure
Chainlink
LINK: LAST Month to ACCUMULATE💰BINANCE:LINKUSDT
Hi Traders, Investors and Speculators of the Charts 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
LINKUSDT has been in a typical Wyckoff Method consolidation phase. Looking at previous fractals, wee see that Chainlink often goes parabolic during the months of June / July. This is right around the corner! Even should it not happen that way this time around, LINKUSDT has establishes a clear bottom and will most likely only go upwards from here.
To confirm this bias, we take a look at the Technical Indicator CryptoCheck START v3.5 and see a buy signal flashing on the weekly (which is bullish on such a high timeframe) :
Since you're here ! Check out this idea on BTCUSDT :
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Chainlink Long Play - 400% Gain Potential - FUTURE OF AI AND IOT
Entry Price: $7.30
Resistance 1: $9.37
Resistance 2: $19.00
Resistance 3: $34.00
As a financial analyst with a focus on cryptocurrency markets, I have conducted a number of analyses on Chainlink and offer an updated perspective on the asset's recent price action.
Chainlink has demonstrated a struggle to breach the same 77% range horizontal channel, delineated by a shaded orange band, throughout the past year. Should the asset surpass the pink diagonal line, we may witness sufficient strength to advance toward the next resistance level of $9.37, thereby representing a 33% increase. I estimate that this move may occur within 31 days, culminating at the end of May 2023.
Major resistances may not arise until the 19 and 34 dollar range, indicating an approximate price increase of 175% and 400% from present levels, respectively. In my assessment, these projections are not beyond the realm of possibility. In fact, considering past price action and current adoption rates, I posit that these estimates are exceptionally conservative.
Over the past three years, Chainlink has remained among my preferred assets and I perceive its potential to burgeon as undeniable. Therefore, I advise investors to consider incorporating Chainlink into their portfolios at this time.
Chainlink (LINK) is a cryptocurrency that provides a decentralized oracle network that enables different blockchains to communicate with each other through cross-chain interoperability. The technology provides secure cross-chain applications that allow data and tokens to move across cross-chain smart contracts. The cryptocurrency has shown a strong bullish trend, and the technical analysis indicates potential price targets of $9.37, $19.00, and $34.00. Moreover, the blockchain-agnostic oracle network has the most widely adopted oracle network in DeFi, providing the highest quality data that is resistant to manipulation. As blockchain oracles continue to reduce switching costs and meet security requirements for enterprise use cases, Chainlink is in a strategic position to benefit from the blockchain technology's adoption by global enterprises and governments.
✴️ ChainLink Does 333% In 3 Steps... Altcoins Cycle Explained!#1 | The first step is the correction that comes after bullish cycle/wave/All-Time High.
#2 | The second step is the consolidation phase. Can be sideways, can be a zig-zag/mixed, can be down or up... Still accumulation/consolidation.
#3 | The third step is the recovery that is already starting to take place.
ChainLink #1,#2,#3 will lead to 300%+.
I would normally put the stop-loss, support levels and such in the chart but seeing Bitcoin, Cardano, Ethereum Classic, Litecoin and the rest already full time green, we know that ChainLink is a monster and won't be left behind.
We see its future as also going green.
Once the bigger altcoins are done, it will be the turn of the smaller ones.
First a few "random" ones start moving, it varies in every cycle.
Then it goes with the biggest players, the king Bitcoin and the top Altcoins.
Then the mid-sized ones...
And finally the smaller ones.
Some altcoins have cycles that last 4 years instead of two, be aware...
You can be holding some of those and they can fail to take off until several years later.
It is good to go with what is working, what is hot, what has been shown to be reputable, with a good team behind it, real projects, etc.
But then again, we trade based on the charts.
This chart says UP!
Namaste.
LINK - Strong Like A Castle 🏰Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
LINK has been stuck inside a big range for a couple of months now.
At least it hasn't melted like many altcoins during the bear run.
🏹 For the bulls to take over long-term , we need a break above the entire range / above 9.5
Meanwhile, since we are approaching the lower bound of the range, we will be looking for short-term buy setups.
📉 From a medium-term perspective, LINK is overall bullish trading inside the flat rising channel in red.
Moreover, the orange zone 6.5 is a strong support.
🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the orange support and lower red trendline. (acting as non-horizontal support)
As per my trading style:
As LINK approaches the lower purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Quick look at LINKHere's a quick look at the LINK daily chart. As we can see, the price is trying to hold above the resistance zone, and if the price manages to sustain its position above the resistance zone, then a move to the red trendline is likely to happen! Therefore it is recommended to monitor the resistance zone in case it does sustain its position above it!
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BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
Chainlink (LINK)LINK doesn't need any introduction; it has a great project, a great community, and has also given great growth. It seems the corrective wave has ended at 0.382 Fibonacci retracement and now the price is about to break the consolidation triangle-shaped area. Let's see how things unfold.
LINKUSDTLINKUSDT
Thoughts
The price has been moving in the accumulation zone for almost a year. The exit from such zones is very often given an upward impulse, so that a major player can reset his positions. Now the price has approached the local resistance zone inside the consolidation.
If BTC continues its upward movement, then we will see both a breakout and the possibility of exiting upward from the consolidation.
For ease local targets were marked on the chart.
☑️Targets: $11.12 - $13.08 - $14.45
However, we focus on the situation. Always look at the market globally and adjust to the general mood.
If you like the idea, don't forget to subscribe and rate like👍
LINK: finally $8.0Markets are turning to the positive sentiment after inflation slows down in the US, however, they are still more oriented toward equities and major crypto coins like BTC, rather than other coins. Analysts are pointing that after a strong push in BTC price, the eye of investors is finally turning toward altcoins in order to maintain correlations and diversification of portfolios. Certainly, this point in time would be the one where LINK might benefit significantly. On a positive side is that currently LINK is making small progress toward higher grounds, still managing to hold its price relatively stable.
During the previous week, the price of LINK was moving in a relatively short range, from $7.0 support up to $7.5 short term resistance line, however, as of the weekend, the price managed to finally reach the resistance line at $8.0. RSI was pushed from levels above 50, toward 62, indicating potential path toward the overbought side of the market. Moving average of 50 days modestly started to converge toward the MA200 counterpart, but it still does not indicate a potential cross in the coming period.
Support line at $7.0 has been tested for a third week in a row, and without strength to break it, the coin managed to revert toward the $8.0 resistance line, supported by the market demand. RSI has still not reached a clear overbought side, which leaves some space for the price to hold $8.0 resistance. LINK will start the week ahead by testing this level. There is currently a lower probability that this level might be breached. On the opposite side, there is some probability for $7.50 support to be tested for one more time, with low probability for $7.0 support line.
#Chainlink tearing higher, LINK up 15% in 4 WeeksPast Performance of Chainlink
Chainlink prices are breaking higher as of April 17. Technically, the token is within a bullish breakout formation, and prices are buoyed by expanding volumes. Notice that the confirmation of the April 14 bullish breakout bar was enough evidence of strength, a net positive for optimistic traders.
#Chainlink Technical Analysis
The daily chart shows LINK prices are firm, breaking higher with expanding volumes. For now, the April 14 bar anchors the current Bull Run. Support is at the bar's high at $7.6, which also flashes with March 2023 highs. Since the current bull bars are with rising volumes and banding along the upper BB, suggesting strong bullish pressure, traders can load the dips, targeting $8.4, an important reaction line; and later August 2022 highs of $9.3.
What to Expect from #LINK?
LINK prices are up roughly 15% from April lows, and buyers are confident of what lies ahead. As price action aligns with the formation from mid-March, currently breaking out, bulls appear to be in control. For this reason, traders can look for entries provided prices are above $7.6.
Resistance level to watch out for: $8.4
Support level to watch out for: $7.6
Disclaimer: Opinions expressed are not investment advice. Do your research.
✳️ Chainlink vs Bitcoin Long-Term Higher Low | Trade or Learn?You need multiple signals to reach a conclusion...
Should I just go straight to the numbers, the chart with its potential or explain the signals?
Because one way is like teaching/learning, the other one is like showing an opportunity/trading.
12-April ends in a Doji with a perfect (-9), that's the TD Sequential indicator:
This is followed by three green candles, rising volume, bullish divergence with the RSI as the RSI moves above 50.
New low yet above 50 that's a very strong signal.
Also, we have multiple bullish signals and that's all we need.
Finally, the long-term higher low on the main chart.
That's it!
LINKBTC goes bullish.
Enjoy your weekend.
Namaste.
History Repeats Itself with LINK?I have two different trading channels highlighted on the chart. The first predates the post-corona bull market. The second shows a long period of consolidation on the Chainlink weekly chart.
The first channel lasted for a year before LINK exploded to ATH over $50. The second channel marks a year in May 2023. Chainlink has completed a full market cycle and if this period of consolidation matches the last one, we'll see some explosive moves upward from Chainlink sometime in the next six weeks. This upward move should find resistance at the 200MA, but that will also come about 2x from the current price point.
Enjoy, NFA.
$LINK Accumulation Range
Crypto and a fave of mine, Chainlink .
$LINK has been in a range for almost a year. With crypto in general moving up in Q1 of this year this is one to watch.
There is a diagonal resistance from Aug 2020 on the horizon. Diagonals over a long period are ones to watch and a flip here could see buyers rush in.
This is probably a good place to accumulate but if you want to wait for a breakout to trade, you have two areas:
1. The flip of diagonal resistance
2. Breakout from the range top.
Link is definitely one to watch.
Big Chainlink Move IncomingChainlink has been trading in a range for over 322 days. However, despite this prolonged period of sideways movement, there is an exciting development taking place in the background. Massive bullish divergence has been forming since July 2022, when the histogram changed color.
Over the past thirteen 3W candles, momentum has been slowly building, culminating in the first ever 3-week bullish cross last week, even as the price has continued to decline. This type of bullish divergence is typically a precursor to a significant move, and the longer the buildup, the bigger the potential move. A similar pattern was observed with NOIA, and it resulted in a massive move
Chainlink's potential move could be volatile, considering that the last time it moved up from this exact price range, it gained 200% in just 20 days.
Additionally, a triangle pattern seems to have formed within the range, which is typically very bullish, especially when lower highs are consistently being made on the daily chart. A similar triangle pattern in the past pushed LINK to the top of the range, forming an ascending triangle that eventually took it much higher.
While the LINK/BTC chart has not been as hot, a break of resistance could be a positive development for LINK. Overall, this could be an excellent time to enter a long position in LINK and ride the potential move until June 2023.