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Chainlink

Chainlink lesson.Today I am posting brief . This is Chainlink on daily chart moving in downtrend channel from ATH above circa 50 $. It's technically in bear market as other tokens and altcoins, below MA200 weekly. I added some Fibonacchi and Fib circles. This chart also contains green historical support. Fractal showing how could, or would progress into a near future. Fundamentals are also against BTC and Ethereum projects. Lower mining income could lead them to capitulate. That way miners difficulty go down. ... that's why and how I 'm think LINK probably melt below 3 Dollars and visit Fibo 382. Let it monitor. Emv o. *This is not any financial advice.
COINBASE:LINKUSD
by Emvo10
6
LINK - Scenarios A B C Link, ahh good old Link. How have you been, tough year hey? Well, good thing is you're still kickin' around despite all this blood on the street. I haven't charted LINK in a long time, but I feel now it is time again. My thoughts are all written on the chart, clearly, with BOTH short and long triggers. I don't really care if you agree or disagree and in fact I welcome it, because being a successful trader means having invalidation levels and accepting when you're wrong. In other words, being objective and mature. (I got some trash talk last post from someone who was butt-hurt about the bear market, if you're a positive person I absolutely welcome your feedback, please!) Anyways, LINK is clearly back into the range, having swept the highs and lows of liquidity. Sitting on support and likely waiting for what ETH and BTC are going to do next. Given it could go either way, please enjoy my long and short scenarios on the chart. LONG - above a reclaim of $7.80-ish Short-term Long - Enter on another minor dip around $7 and SL below wicks SHORT - below losing $6.70-ish I don't love drawing lines of where price may go, so really I'd just play it level to level and keep it simple. We have the mid-range currently acting as support, lose that we have a bullish order block in green box and obviously below that we have the macro low. It may sound like a lot of support, but if bitcoin tanks LINK is double tanking! Or we reclaim range high and test resistance, but I would either wait for confirmation to enter (above $7.80-ish) or I'd enter SOON with a tight stop loss below our most recent wicks shown in the "Potential ST Long" For now mainly chop, no clear setup. Need more PA to develop, as per usual. Get your 8 hours of sleep tonight Anon! Cheers
Long
by cryptovatsik
LINK - Long-Term Trading Plan!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. LINK rejected a strong support and round number 5.0 in green, so we will be looking for buy setups. on DAILY: LINK formed a valid wedge pattern in brown and now forming an inverse head and shoulders but it is not ready to go yet. Trigger => for the bulls to take over, we need the right shoulder to form and then buy after a a momentum candle close above the gray neckline (11.0) Meanwhile, until the buy is activated, LINK would be overall bearish can still trade lower inside the horizontal support in green. In this case, we will be looking for new buy setups to form on lower timeframes around 5.0 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
11
Link inverted parabolaLink broke out of it's 434 day bearish parabola (in purple). In my experience, that means we have some upside ahead of us. Keep in mind we're still in a bear market, which means that I see this pump as a dead cat bounce. I believe the price will rise in the next few weeks, crash to a new low in September, then move sideways between ~5 - 10 dollars until the early days of 2024, i.e., right around the time of the next BTC halving. Then we begin a new 1.5 year up only cycle, at which point LINK should pump high as hell. These dead can bounces can be very profitable if you know where and when to sell. I've marked interesting resistance levels at which I intend to sell. I've attached my macro BTC chart, and macro LINK chart, for accumulation zones.
BINANCE:LINKUSDLong
by fritzz
5
Chainlink (LINK) - August 10Hello? Welcome, traders. If you "follow", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (LINKUSDT 1D Chart) Primary resistance: 9.731 Secondary resistance: 11.064-11.976 Support: 7.411-8.290 If the price holds near 8.290, I would expect a breakout attempt to move above 9.731. When it falls below 6.7, Stop Loss is required to secure cash. - Since the RSI and Stoch RSI indicators are entering the overbought zone, it is necessary to check where support and resistance are found when the RSI and Stoch RSI indicators break out of the overbought zone. Therefore, you need to make sure it is supported in the 7.411-8.290 section. ------------------------------------------------------------ ------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points. ** Background color of Long/Short-S indicator: RSI oversold and overbought sections ** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
Chainlink Price Analysis — August 8Chainlink has posted an aggressive 12% rally over the last 24 hours, tapping a near two-month peak at $8.74. The cryptocurrency also recorded its highest bullish trade volume on Bittrex since May, highlighting the notable expectations of a bullish rally in the near term. That said, bulls need to be cautious of impending ease in pressure for LINK leading to a possible return to the $8.00 mark. Meanwhile, my resistance levels are $9.00, $10.00, and $11.00, and my support levels are $8.00, $7.30, and $6.00. Total Market Capitalization: $1.14 trillion Chainlink Market Capitalization: $4.08 billion Chainlink Dominance: 0.35% Market Rank: #24
BITTREX:LINKUSD
by Mr_Wogbe_Alex
LINK - Wait For It!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. LINK is rejected a strong support and round number 5.0 in green, so we will be looking for buy setups. on DAILY: LINK formed a valid wedge pattern in brown but it is not ready to go yet. Trigger: for the bulls to take over, we need a momentum candle close above the last major high in gray (11.0) Meanwhile, until the buy is activated, LINK would be overall bearish can still trade lower inside the horizontal support in green. In this case, we will be looking for new buy setups to form around 5.0 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
10