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Chainlink

ChainLink - Approaching Entry!LINK is fast approaching our entry area. In our last analysis, we had 2 areas of interest but since then, we've had new price action tell us that the best area for reversal is the $14 area, where we also have the 88 fibonacci and structure. Trade Idea: - Watch for bullish price action at $14 area - When entered, keep SL below the price that level - Target the recent highs as first target and HODL the rest as we may see the next big bull run Be sure to set alerts on your chart so you don't miss this!
by Altsignals
8
LINKUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. We are in the 4-hour time frame. As you can see the price was able to break its resistance line which is now the support line S2 and now is inside a fairly bullish channel. There is the R1 line which the price hit and could not break it. There is also the support line S1 which the price has hit several times and was supported. We expect the price to be supported once more here and then go back up. But if there is not enough support and the selling pressure is high, we expect the price to fall to the S2 line step by step and then reverse and go back up. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
by MarsSignals
Chainlink (LINK) Is UndervaluedAs the major go to oracle in the crypto space that powers the majority of DeFi, Chainlink (LINK) is undervalued at these levels below the 0.236 Fibonacci level at $23. We're also in a trough on the weekly RSI's meaning we're pretty oversold. Chainlink has nice steady long term growth and I personally believe Chainlink under $20 is a steal long term. Point of Control (POC) is around $27.45 where the majority of price recognition has occurred.
COINBASE:LINKUSDLong
by peacefuljustin
Chainlink Ready for Takeoff!!?Taking a look at the king of decentralized oracle networks.. LINK, i noticed we were making some nice progression to the upside from below our 0.2 FIB after breaking out beautifully out of the descending channel, we pushed all the way up and strongly closed above the 0.2 FIB, then as always BTC decided to crash the party (LINK marines joke) none the less Bitcoin has dragged down majority of strong cap coins including ethereum. We are still looking bullish on our daily timeframe here, we are trading inside of a bullish triangle that we have respected all the way through, this pattern historically plays out to the upside hence the bullish triangle name, now keep in mind this pattern can be invalidated if Bitcoin decides to keep falling in turn dragging the market down along with it. We could see this pattern continue to play out over the next week before we reach that apex point but if BTC can settle down i would be confident to say LINK will breakout sooner than a week. the bollinger bands look pretty good we are still in the upper half an the midline is bringing us support right below the bottom of this bull triangle, we almost had multiple closes right ontop of the top band which couldve sent us flying to the upside, but the goal for us now would be too hold this triangle and bounce to the upside where we have that chance of grabbing the top band. On the RSI we are looking a lot better than majority of large cap coins, we had a push up and above the important midline and if BTC didn't drop we would likely be looking at another confirmed uptrend, the good sign is that we are fast approaching the yellow SMA support line where would could definitely see a bounce! The squeeze momentum indicator looks good we are on our 4th increased green bar which points to a bullish squeeze, the only problem here is that it is likely we are going to see a decreased green candle after our daily close, this could invalidate the current bull squeeze but we will still have chance to make an increased green bar the following day, this will be crucial for returning to our bullish squeeze and then eventually the squeeze release which could send price action flying!
COINBASE:LINKUSDLong
by JacobR905