#LINKETH - 35% Rise Coming Off SupporttheCrypster -
A slowly closing wedge and plenty of profitable trades from top to bottom within #LINK - that's what we've had for numerous months so far; here we go again!
We're currently sat right on the lower edge of support and have received a good Buy signal from CTv2, we can see #CHAINLINK increasing somewhere between 30%-40% to the upper edge of resistance.
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Chainlink
LINKUSD Is it finally moving?Chainlink is consolidating around the 1day MA200, being slightly more bullish as the 1day MA50 is holding. Today's highly volatile 1day candle is evidence that the market is prepared to move higher. The Channel Down on the RSI could be a Bull Flag as it was in October.
We are buyers with 8.200 the short term Target. Next buy above Resistance A with our Target a bit lower than Resistance B at 9.4500.
In the same sense, below Support A, we turn to selling with 5.7000 our Target.
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#LINKBTC - Bust Through a Few Layers for +20%An almost perfect symmetrical triangle setup, a fresh rejection on the support test and a Buy signal from CTv2 all point toward a large upward move incoming.
There are a potential few layers of resistance to try to bust up through on it's way to the upper bound edge of this wedge but movement has historically been quite strong and we think this boldness will continue for now.
20% or more over the next month.. 👀
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ChainLink token LINK price it's time to catch up with the marketWhile most cryptocurrencies began their rapid growth at the beginning of 2023, Link buyers were "scratching their heads" and not keeping up with the market.
Consolidation in the range of $5.50-9 has been going on for 9 months. Delta shows that purchases in this range are at least 5% higher than sales. Are "they" accumulating a huge position?
If so, then the growth of ChainLink token price to $9 will be soon. And ideally, in the coming months, we would like to see Linkusdt price at $15 and above
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LINKUSDT
Formed Falling Wedge In Daily Timeframe Counter Tl Has Already Broken Withen Wedge Now Expecting Test Of Main Trend line
And If Main Tl Broken Too Expecting Move Towards 12 - 15$ In Coming Weeks
Risk Takers can Enter On Counter Tl breakout For More Accurate And Low Risk Can Wait For Falling Wedge Breakout
Stoploss Can Be Placed below falling Wedge
#Chainlink Correcting After 40% Surge, Resistance at $7.50Past Performance of Chainlink
Chainlink prices are solid when writing, looking at the daily chart. In January, LINK prices soared roughly 40 percent, finding intense liquidation at around $7.50. For the uptrend to take shape, buyers should force the coin above this week's highs, reversing losses of January 30, ideally with expanding volumes.
#Chainlink Technical Analysis
Chainlink is technically bullish at spot rates. Despite the correction of January 30, the bearish engulfing bar had relatively light trading volumes, a net positive for prices. The failure of bears on January 31 to further force prices lower might indicate support, validating the uptrend. Even so, there could be more opportunity for buyers should there be gains above $7.45, nullifying the bear trend following the correction from this week's highs. Suppose LINK holds above $6.23 and $6.57 support levels. In that case, buyers might find an opportunity to accumulate, aiming for $7.50 and later $9.4 in a buy trend continuation pattern.
What to Expect from #LINK?
Buyers are confident, but the dip on Monday somewhat forced liquidation from weak hands. In the days ahead, buyers must overcome immediate resistance levels and hold prices above crucial support lines for the uptrend to remain valid.
Resistance level to watch out for: $7.50
Support level to watch out for: $6.57
Disclaimer: Opinions expressed are not investment advice. Do your research.
LINKUSDT - About to FACEMELT 🤯Hi Traders, Investors and Speculators of the Charts 📈📉
Altcoins have gained some ground on BTC and the markets are currently taking a breather after continues upside price action. Chainlink, however, has been trading range for an extended period of time. This is bullish according to the Wyckoff Method Analysis; pointed out on the chart to the left. LINKUSDT is currently trading in accumulation phase and a potential parabolic move towards the upside can be expected after a longer period of rangebound trading.
The first large resistance zone is at $14, nearly a 110% increase form the current price just under $7.
While you're here 👀 Checkout this trading plan for SYSUSDT . Syscoin is an altcoin with massive upside potential and currently trading in it's ideal accumulation zone (bargain!) :
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CryptoCheck
LINK - chainlink short term trading potentialI usually only chart shitcoins, but LINK caught my eye today. Hasn't really grew a lot, bullish divergence on 1D/1W. It has tremendous upwards potential, since its fundamental value hasn't changed. x2 short term is very possible. 12.5 USD... first goal (goals are green). then 17 USD. Not sure about second, but first one is very reachable. support 7USD. (or maybe a little under)
Link breaking above last potential top trendline of triangleIt’s still unclear whether or not link’s macro pattern is more valid as a falling wedge or a symmetrical triangle, however it seems now that we are finally closing daily candles above the last potential top trendline for that pattern. That trendline is most valid on the weekly chart so we still need to close the current weekly candle above the white trendline..after that we should see the follow up weekly candle confirm the white trendline as support on a retest ….if the follow up weekly candle closes above the white trendline odds are very good at that point the breakout will be validated…it may wait until the 3rd weekly candle to start the bullish impulse…or it could come as early as the current weekly candle…will have to see how the next few weekly candles play out. I chose to show this chart on the daily time frame instead of the weekly to illustrate how price action is also now back above both the 1 day 50 and 200 moving averages. If it can hold the daily 200ma as support during the next few weekly closes then the breakout will be confirmed. *not financial advice*
link | concerning pa | potential reversal soonnoticed something slightly concerning regarding daily rsi.
last 4 times we tagged overbought has lead to serious downside. this move to OB has also been significantly weaker.
average downside post tag is 51.66%.
not necessarily saying that's exactly what will happen this time around as i think we still have a bit more upside we can get here.. but it's enough to pause and look for potential exits/shorts.
link flipped the zone. look for dips | $8 tp1 $12 tp2link finally flipped our zone. looks great.
although an entry here likely is not ideal. we should be looking for dips to long.
if you zoom out, this is a nice bottoming range. should have tons of room to run up this year, if the market keeps pushing.
Finally, Robinhood has entered the software wallet sector. Wallet users can now view their owned NFTs and coins.
Robinhood Wallet was created to compete with MetaMask.
Robinhood has recently entered the software wallet market. The crypto business released the Robinhood Wallet, accompanied by smartphone software that allows users to exchange and send cryptocurrency. Furthermore, users may now view their own NFTs and crypto. Currently, over 1 million waitlisted consumers have access via an access code. Last year, the stock and cryptocurrency trading company Robinhood collaborated with Polygon to build the wallet, a self-custody, Web3 wallet. The trading platform only released a test version of its Web3 wallet for iOS. In May 2022, it was made available to the first 10,000 users who signed up for the waitlist. The wallet was first housed on the Polygon blockchain, allowing users to trade and switch cryptocurrencies while incurring no basic network fees. Johann Kerbrat, a chief technological officer of the Robinhood Crypto & Trading Platform, made the announcement public. Johann also revealed that Robinhood Wallet simplifies the complexity of Defi and web3 to make cryptocurrency more accessible to everyone. Polygon, as the preferred blockchain network for Robinhood, provides speed, scalability, scalability, cheap network costs, and a wealthy developer environment. Robinhood's partnership with Polygon began in August 2022, when the platform launched functionality for MATIC withdrawals and deposits on the proof-of-stake (PoS) chain.
The whole story of the Robinhood wallet release might be confusing because of the changes that took place in the last couple of months. Previously, the crypto platform introduced a new transfer feature on its original trading app as a “Crypto Wallet” product. The feature was launched in beta in January 2022, and it allowed Robinhood users to transfer crypto to and from the platform.
Technically, it wasn’t a crypto wallet as it’s almost the same as how users can transfer crypto to and from Kraken, Coinbase, Binance, or any other crypto trading platform. The wallet that is now officially rolled out today is considered more like Phantom, MetaMask, or the Coinbase Wallet.
The Robinhood wallet released now is a completely different product which is purposely housed in a separate standalone app to allow users to have maximum control over their crypto. The new app provides access to more advanced features, like NFT marketplaces and connecting to decentralized apps.
Easiest 25% ETH gain The Link/ETH pair is currently in an oversold position and is due for a rally. The long-term trend remains bullish. This presents a great opportunity to buy the dip and capitalize on the upcoming rally as the market sentiment shifts. Furthermore, the fundamentals of the Chainlink project continue to be strong, with partnerships and collaborations being announced regularly and the usage of the Chainlink network on the rise, providing strong support for the value of the Link token. All of these factors point to a strong potential for a rebound in the Link/ETH pair in the near future.
LINKUSD: Should We Expect More Upside Movement? 🥹 | Jan. 13This week, we will stick to the 4-hour time frame to analyze the price action in detail.
The bulls seem to be in control after another strong week. After a strong rally last week, LINK was able to extend its gains to hit a new swing high of $7.1. We can see some consolidation happening now which was expected after the sharp rally that started earlier this month.
In our previous analysis at CoinMarketCap Alexandria, we had anticipated a move to $7.35 - it was almost achieved earlier this week.
The supply zone at $8.51 will become the new target once the resistance at $7.35 is regained. This view is only valid if the price can sustain itself over $7.35.
It is very important for the price to sustain over $6.30 right now, as a breakdown from this level could lead the price to $5.6.
Traders must still maintain caution by waiting for a reversal from the support at $6.30. If a reversal is seen, then the coming week may be more favorable for the bulls!
The important price levels for this week are $6.5 and $7.35!
#Chainlink Recovers but LINK Must Clear $7Past Performance of Chainlink
Chainlink prices are mixed when writing. Although they are bullish, there is a bearish engulfing pattern in the daily chart that may spook risk on traders. Nonetheless, LINK is within a bullish formation, with the current retracement possibly representing a retest. Accordingly, aggressive traders can take advantage of buying on dips in anticipation of more upswings.
#Chainlink Technical Analysis
In November, Chainlink fell 42 percent, and bulls are yet to bounce back from the sell-off. Despite the revival in the first half of January, the path of least resistance remains southwards. This is until LINK prices surge above $7.7 and December highs. Based on the current structure, conservative traders can wait for a breakout above $7 and this week's high, confirming buyers of last week, as a trigger for the next wave toward $7.7. Conversely, any loss pushing the coin below $6.10 and the middle BB will cancel out this bullish preview.
What to Expect from #LINK?
Traders are upbeat, and the buoyant BTC can lift LINK higher. Still, there must be confirmation in the daily chart. This will only change if losses of January 18 are reversed and the surge above $7 is with expanding volumes.
Resistance level to watch out for: $7
Support level to watch out for: $6.10
Disclaimer: Opinions expressed are not investment advice. Do your research.
Link in "bullish" mantra.Hello again, I do not forgot on Chainlink fans.
I will update this chart. It's good to have some Defi king in future bag.
Especially, when its CEO is one of few really suspicious as Bitcoin founder ( Satoshi ) ;- )
However Link is still in pure downtrend with some higher lows and highs.
potentially aiming to 382 Fibo in my mind, where would be bottom at the support of this channel.
Like Bitcoins, we should see some pivot ( maybe higher ) first. But without any guarantees.
This time, I like to focus on my target, as far it seems the same with BTC, ETH , etc...
I just can't find any imporatant high crypto margets above are at the moment...
I will believe later, when Chainlink hits 3 Dollar teritorry.
It is , how it is and would change in near future.
Always with care and ready,
Emvo.
*This is not any financial advice.
Link Analysis 😎#LINK/USDT
Chain link analysis
desired efficiency up to 100%
Considering the fall of the market, if the currency can break its downward trend line, it can advance to the desired goals
But if it doesn't break and goes down and crosses the red line, it means it's working for now...
Arrival time: 6.45
Goals: 7.83 - 9.48 - 12.7
Loss limit: 5.9
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Trad_Hajamir
#LINK/USD: Chainlink: Ascending ChannelAn ascending channel turns up. An ascending channel describes a compelling pattern that is angled up that typically indicates a temporary interruption during a rising market in case if price breaks out to the the downside. There is a probability of extra downside towards 6.8.