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Chainlink

Reacted positively to the support rangeLast week, LINK reacted positively to the support range of $5.42-$5.57 and returned to the previous resistance at $5.75-$5.85. This static resistance is reinforced by a dynamic resistance, whose trend line you can see in the chart. The complete breaking of this resistance should be done simultaneously with the breaking of the resistance of $6.317. Otherwise, due to the existence of higher resistances, we cannot expect to confirm the breaking. If this happens and a strong bullish candle is registered, the possibility of further price growth and moving toward the resistance area of $7.297 will increase. This is because the midline of the descending channel is also in the current range, and it has strengthened the resistance at $6.317. So buyers' support can push the price back to higher targets. According to the strength of the last downward wave in the daily timeframe, the specified resistances show the power of a high negative reaction. Therefore, there is a possibility of short-term buyers saving profits at these levels.
by MonoCoinSignal
LINK: Descending Triangle BreakoutChainLink (LINK) technical analysis: Trade setup : Bullish breakout from Descending Triangle. Upside potential up to $7.00 resistance zone (also 200-day moving average). Recent rally was driven by launch of staking service. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). Support and Resistance : Nearest Support Zone is $5.50. The nearest Resistance Zone is $6.00 (previous support), then $7.00, and $8.00.
Long
by altFINS
1
LINK - Once A Castle; Always A Castle! 🏚Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. LINK has been stuck inside a big range in green between 5.0 and 10.0 and it is currently sitting around the lower bound (5.0) so we will be looking for buy setups. For the bulls to take over, we need a break from a short-term perspective, we need a break above the last minor resistance in orange around 6.5. And for the bulls to take over from a medium-term perspective and then a long-term perspective, we need a break above the upper orange zone and green zone respectively. Meanwhile, until the bulls take over, LINK can still trade lower to test the 5.0 zone or even break it downward. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
30
#Chainlink sunk 82% in 2022, LINK is Fragile at $5.3 SupportPast Performance of Chainlink Chainlink is backed by solid fundamentals, considering the significance of the protocol in DeFi and NFTs. However, looking at price charts, LINK has not been spared. The token dropped 82 percent from 2021 peaks and remains within a bear breakout formation at spot rates. Unless there are sharp expansions above $8, sellers are in control in the medium to long term. #Chainlink Technical Analysis LINK is higher, gaining four percent from December 2022 lows. Even so, the path of least resistance is southwards as long as the token is below $6.10, a critical reaction level. Aggressive traders can look at trading volumes to unload on every high below $6.10. This forecast is valid from an effort-versus-result perspective. All the same, this preview will be more precise if there are losses below $5.3. In that case, especially if the sell-off in continuation of the December drop is with high trading volumes, LINK may slip to print a new multi-month low below June 2022 lows. What to Expect from #LINK? LINK is under significant selling pressure, clear in the daily chart. The drawdown could continue if LINK fails to bounce from spot rates, edging past $6.10 in the near term. Any other development forcing the token lower may cause even more pain for holders, an opportunity for short traders. Resistance level to watch out for: $6.10 Support level to watch out for: $5.3 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
LINK - Strong reaction?LINK has been trending down for the past few weeks. A support level in the $5.75-$5.85 range caused only one downtrend correction, and it was broken again as sellers took strength. On the other hand, a downward trend line is considered on the chart, and if this resistance is broken, we can expect the price to grow to the ranges of 6.5 and 7 dollars. But if the selling pressure continues, we can expect another bearish wave to form to the $4.3 range. There is a confirmed twin bottom pattern at $5.45 in the 4-hour time frame, where we can at least expect price growth to continue up to the $5.75-$5.85 resistance. The point is that meeting this resistance can be accompanied by a strong reaction, which this week we can consider a range trend at best for LINK.
by MonoCoinSignal
4
LINK: Descending TriangleChainLink (LINK) technical analysis: Trade setup : Price broke back below $7 and 200-day moving average and appears to be trading in a Descending Triangle. Price is nearing a pinnacle of the Triangle, hence, a breakout is imminent. Recent rally was driven by launch of staking service. (set a price alert). Pattern : Price is trading in a Descending Triangle pattern. Typically, a breakout will occur in the direction of the existing trend. Most traders will take a position once the price action breaks through the bottom line of the triangle with increased volume, which is when the price should decline an amount equivalent to the widest section of the triangle. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45). Support and Resistance : Nearest Support Zone is $5.50. The nearest Resistance Zone is $7.00, then $8.00.
Long
by altFINS
1
LINK: Sideways ChannelChainLink (LINK) technical analysis: Trade setup : Price broke back below $7 and 200-day moving average and appears to be trading in a Sideways Channel ($6-8). Swing traders could trade the channel: Enter near $6 support and exit near $8 resistance. Recent rally was driven by launch of staking service. Pattern : Price is trading in a Sideways Channel , which is a neutral pattern (indication of market indecision). Trend Traders ought to wait for a breakout in either direction, although typically it breaks in the direction of the existing trend. Swing Traders can trade the range – Buy near Support and Sell near Resistance. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bearish but inflecting. MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. Support and Resistance : Nearest Support Zone is $6.00. The nearest Resistance Zone is $7.00, then $8.00, and $9.50 – $10.00.
Long
by altFINS
LINKUSD Is Finishing A Higher Degree CorrectionLINKUSD is finishing a higher degree correction, as we see it nearing strong support zone from Elliott wave perspective. LINKUSD is trading bearish since May 2021, but weekly wave structure from the highs looks like a clear three-wave A-B-C correction within a higher degree wave IV that can find the support soon, ideally at the former wave (3) swing high and equal wave length II = IV. Recovery for wave V in 2023? Wave C is a motive wave and it should be completed by a five-wave cycle of the lower degree, so looking at the daily chart, seems like it's now trading in final stages of (5) of C after recent sideways triangle consolidation within wave (4). Technically speaking, we believe that LINKUSD may find the strong support between 5-4 support area, just keep in mind that bullish confirmation is only above 13 level. Invalidation level remains at 1.5. Happy holidays and all the best in 2023! If you like what we do, then please like and share our idea! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
BINANCE:LINKUSDLong
by ew-forecast
2
Long Entry at Strong LT Support Zone for CHAINLINKGreetings, Snipers! LINK has been consolidating sideways from $5.30 - $9.50 since May 2022 Two long-term trendlines from 2020 have been well-respected as support. As you know, the longer the time-frame, the more reliable the signals. In the shorter time frame, we can trade this sideway channel: We can take a long-entry now, at $6.00, and sell at $9.00 for a Risk-Reward ratio >3 (SL at $5.20). If Bitcoin cannot hold the current support, we may see Link drop to the next support at $4.30. Hope you enjoy my first post! I wish to give back to the community, more or less, after lurking around for so long :) Happy Sniping!
Long
by KryptoSnipers
1
LINK - The Bearer of Bad News & Great NewsLink has been hovering around the 0.382 fib retracement for quite a while, tested it 3 times, i never trust the 4th nor the 5th test on a support line. "Stop talking gibberish and give us the bad news nah" Bad Nus: $LINK will go down another 80%-90% :D before this bear market is over. Great Nus: $LINK will be a $1k-$2k token at the peak of the next Bull Run. - Weekly MACD (Bearish) - Weekly Pekipek's Divergence BETA (Bearish) - Weekly RSI (Neutral) - Weekly Stochastic RSI (Neutral) - Weekly Cipher (Bearish) - Weekly OBV (Bearish wtf OBV r u in distribution mode?)
BINANCE:LINKUSDShort
by ankhramsiswmriimn
15
Don't miss opportunity for short position Chainlinkhello guys we have a very good opportunity for a Chainlink short position as you can see it's going to break the support level all you need to know is in the chart good luck The information provided on this Page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. this page does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions
Short
by expay24
LINKUSDTHello Dear friends In the previous rising trend, the range was completely consumed, but HH it was not formed for us. Currently, due to the range and negative divergence of the RSI combined with the harmonic pattern, the probability of breaking the upward trend line is high. Keep in mind that we will be issued a process change confirmation when the orders are fully consumed in the range of $6.92. The condition for continuing the downward trend to the specified range is not to consume orders in the range of $8.228. We would be happy to hear your comments
Short
by FiboTech
6
LINKUSDT trading strategyFor the last six months, the LINKUSD price has been in a broad consolidation range of $5.5 - $9.5. Fundamentally speaking, Chainlink was always on top of the Oracle category and has been accumulating for quite a long time now. In our opinion, LINK will continue to consolidate in the range of 5.5-9.5 in the short term; and it can go up to 12$ or $18 in the mid to long term. Two trading strategies can be applied here: 1. Trade the Sideway: Swing traders can enter a LONG position at its local support of $5.5- $6 and enter SHORT at its local resistance of $9. I myself have made a limit order of buying LINK at $5.5. Hopefully, it will get filled. 2. Trade the Breakout: For more precise decisions, traders can wait for a confirmed breakout of either side to enter a trade. This strategy will bring less profit but can give you a better chance at winning. Choose a strategy suitable to your preferences and stick with it. Remember, always trade at your own risk, and never risk more than you can afford to lose.
by Chainslab_Analytics