Chainlink Long-Term (650% Potential Profits To All-Time High)Chainlink vs Tether (LINKUSDT) has gone through a complete cycle.
It took two years to complete.
Notice the bulish wave (wave up) followed by a bearish wave (wave down) on the chart...
Last weeks LINKUSDT hit its lowest price since July 2020.
At the same time we have really high volume on this candle, signaling that we have strong support.
We see the MACD and RSI starting to curve.
With hidden bullish divergence on both.
From here, LINKUSDT can start to slowly recover and then fast growth.
We have a whooping 650% potential profis to the All-Time High...
But in the next bull market we will have a new All-Time High, giving us additional potential for profits in the long-run.
You can find more details on the chart.
Thanks for the support.
Namaste.
Chainlink
8 Days left for the Chainlink Sequence! Its been a interesting May but not shocking in anyway , I have been covering this downtrend all year and talked about the crash in May 2022 months before.
Published January 2022
Published March 2022
How did I pinpoint May 2022 for this move? keep reading.
First lets go over the chart and possible move from here , so been playing around with this Gann Fan from the inception of Chainlink and its showing some nice confluence in some areas.
Last time Chainlink touched the 2/1 Gann Fann it was 2019 where it hovered over it for about 120 days before shooting off , One possible senario here is that we just go sideways over this Gann until the next Fib time date 3.618 3rd October 2022.
Even though Chainlink broke down from its decending wedge in price , the pattern is still playing out on the weekly RSI , check it out .
Last TA showing chainlink breaking down from decending wedge .
So now the most important part of the puzzle, why May 2022?
Back in 2019 there was a LINK/BTC dominance channel I use to trade and by testing out hundreds of Fib time seqeunces I found one that hits home runs the last 4 times.
Everytime we come to a date LINK has had a massive move to the upside will it happen again this time who knows? The date is 23rd May 2022 and April 24th 2024 is the one after when the next Bitcoin halving is which is very interesting.
In 6 hours the weekly candle closes and if the weekly candle of this dominance chart closes at this level it can techically confirm a decending wedge with two lower touch points.
Since the I believe we topped April 2022
and it normally takes bitcoin 406 days to capulate from a cycle top I came to the conclusion that the next Chainlink sequence in May 2022 was likely going to be some sort of bottom.
Chainlink has retraced 89% thats 1% more than the retrace in 2017 take a look.
There is only 8 days left until the next Fib date poeple and Chainlink just retraced 89%!
LINK struggle inside 2 patterns#LINK/USDT
$LINK is inside long term falling wedge pattern, and in short term time frame there is a parallel channel that can act as bearish flag.
🐻 close a daily candle below lower line of parallel channel can drop price to lower line of wedge that is around $3.
🐮 but if price hold the ascending channel and break out from upper line of wedge, it can fly to resistance zones around $11 and even $14 and $17 in longer term.
Chainlink , Where do we go from here????Holding resistance as support @ $12 range. If this fails, It is possible to hit $7-$8 for support. Currently sitting at the bottom of the right shoulder. Could we have a nice W pattern setup? Can we recover to $30? Watch the current positioning, if this drops below $12.50 we can grab our scuba gear!!!
(ChainLink )-LINK/USDT Update 📈📉HEY ,SUP GUYS and Girls !
Welcome to my new analysis today ,
Since November 21 Jan 2022 , that I updated ChainLink ,It has been declining till now, I expected a massive drop, if the channel breakout happen and we saw in previous analysis that it lost both dynamic ascending trendline and support zone one after one ,
So today ,although linkusdt managed itself on a volume gap zone but it's not a strong zone , and as the increase of volume shows us a huge selling pressure , thus it can fall on the lower support or even demand zone in the next few weeks ahead , but in order to have any bullish scenario it should be able to break out the descending trend-lines one after another , and then can reaches the higher resistance zone as its next target in the mid-term .
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses please follow me , give a big thumbs 👍 OR drop a comment 🗯
Bear patterns everywhereChainlink in a bear flag formation -targets are 3.50 to 3.80 Dollars
Bitcoin Bearish pennant formation - targets 18000 to 19000
ETH ascending triangle formation -targets 900 dollars
Last one is not really a bearish pattern , ascending triangles are suppose to be bullish but since the second touch point is not confirmed this one is 50/50 the concrete one here is the bear flag from chainlink for sure.
Hidden Bullish Signal on chainlink??: Is this what a hidden Bullish Signal looks like?? Looks like a bull to me 😅
Buy and Sell possibilities for Chainlink Simple chart to guide buy and sell opportunities. This is just a projection. Do your own research.
Max PainThe NAS 100 seems to be rolling over again at this point we might see it go to pre covid levels .
If the NAS did drop 13% down to this level then Bitcoin could go as low as 13.5k.
This lines up with the 0.618 Fib and also there is major confluence at this level , it is possible that a wick down to this area could happen.
Chainlink would then come down to as low as 3.5 dollars which has some level on confluence.
Don't expect to market order any of these targets if there hit set limit orders for what is most likely to happen is a massive hammer capitulation wick lasting seconds , trading engine on exchanges will be overloaded showing you delayed order book infomation.
Worst that can happen is you don't get your orders filled.
LINK/USDT Elliott Wave CountChainlink can start something from here?!
I think we have a leading diagonal for wave A or 1 , zigzag correction for wave B or 2 that bounced 0.618 fib retracement of wave A or 1.
Let's see how the market develop from here. I will update count later.
I am long for short term also I am into this trade for at least a C wave.
If you like my analysis please give it a like and don't forget to subscribe for my future counts. Thanks!
LINKETH - MONTHLY BREAKOUT (LONG) $LINK Chainlink $LINK has broken out of a brutal downtrend against Ethereum $ETH. LINK has been bleeding against ETH since August 2020 and finally looks ready to breakout of the trend and hopefully go to new ATHs. Link was the star of last bear market, and as we head into poor macro conditions, it looks like history may repeat itself. LINKETH is also sitting on major support and I'm fairly confident that it will hold strong. This could be another fakeout like we saw a few months ago - but I'm optimistic LINK will start outperforming soon regardless. During the mania phase, the market greatly over valued various L1s, meme coins, metaverse, governance tokens, etc. Its time for a return to normalcy and for only the strongest projects to survive/thrive.
USDT dominance weekly RSI new record!The weekly RSI on USDT chart has hit a new record!
We now more overbought on the RSI than the covid crash of March 2020 , as you can see whenever we peak above the 70 zone we normally get a major bottom of some kind.
I use this chart alot infact I use it to trade with Bitcoin side by side it gives you amazing confirmation , check out the TA below , using this chart I predicted moves in May and where it would bottom.
This chart is backing up my other trade at the moment check it out .
The chances are we will get a rally coming from this zone and this is a cycle bottom.
LINK/USD Elliot Wave countUpdated the Chainlink count
WXY correction pattern for a 4th wave and now we are into the 5th wave to the downside
I think is already finished 3rd subwave of the 5th wave.
I am expecting a 4th subwave corrective move to .the upside and than last 5th subwave and I think we will see soon the bottom.
Also this days I caught good trades on this move to the downside, hope you too!
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Chainlink (LINK) - June 13hello?
Traders, welcome.
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Please also click "Like".
Have a good day.
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(LINKUSDT 1W Chart)
11.31 and below are likely to be mid- to long-term investment areas.
Therefore, it is important to be able to climb to the 11.31-14.49 section.
(1D chart)
In the short-term and medium-term perspective, it needs to move above 7.72 and find support to turn into an uptrend.
However, as the 11.31-14.49 section is the section that determines the trend, it is expected that the upward trend will continue when it rises above this section.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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