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Chainlinklong

CHAINLINKMany are requesting a chainlink chart. Chainlink is approaching a great buy opportunity. It is trading in a bearish pennant, which suggest lower prices are on the way. However, I believe the pattern objective won't be completely exhausted, and link will touch 20 to resume then the bull run with solid momentum. 20 dollars is a strong support area, as it is a crucial lower high from February, flipping of resistance back in July. It is also where the diagonal support is created by linking together the low of waves 2 and 4. It is where the 0,618 retracements of the last rally are sitting, which is also the target for the retracement of wave 1 of the new bull run. It is beautiful. after this last week/10 days of weakness, LINK will climb up to break the descending wedge and reach 35 to complete the continuation inverse HnS. The indicators are starting to look great, with the RSI and Stoch RSI daily approaching the oversold area. The first target then will be 56. However, as a final target for this bull run, I have 297. I hope you understand everything in the chart. If you need any clarification, just comment below.
Long
by CFcryptoTA
4
Link on Fire!!Chainlink has been performing absolutely incredible over the past month being up 30% and 40% on the week! Even while BTC is down, this truly shows the strength of chainlink and how powerful it can be! We are looking very very bullish as we quickly regained our Long term trend line spanning back from march 2020, we have gone on a beauty run up and now are currently looking at 0.2 FIB resistance. If we can get a daily close above here tonight that would look incredibly bullish, but even if we don't we look great! Looking at the pivot points, this is huge we blew past the bullish pivot point which can give us an overall trend reversal to the upside, we need to hold this pivot point for daily close which i would say is an easy bet. Keeping this level is overall bullish for chainlink longer term. Checking out the bollinger bands we saw a big run up along the top of the bands which as i always say is super bullish, we could be due for a little cooloff for a day or so but i think even after that we could see price action start to hop back on that top band and continue our strides upwards, The key here is that we have midline support on the bollinger bands but once we start going up again we get that midline above the bullish pivot point which woud give us that added layer of "protection". Now the RSI does look very great but we have entered the overbought zone so we could be due for a little pullback, but what interests me even more is that we have sliced right through that midline of the RSI, and that is huge because if we continue to hold it we will be in a confirmed uptrend, and since we have been in a downtrend since may i think we are due for a longer spanning confirmed uptrend, but remember holding that middle line is absolutely key! Not financial advice just my opinion!
COINBASE:LINKUSDLong
by JacobR905
4
Chain link Falling Wedge Idea within a formidable channelWe can see that chain link has been inside of a rising channel from the beginning of it being listed. This being the solid asset it is, it reminds me of the movements the SPY or DJI mimic on the charts. As we can see in this chart, not only has Link broken out of the falling wedge but, is also at the bottom of the multi year channel. I have listed the trade set up prices on the chart so we may be able to easily see them. I do see this coin going higher and touching the top of the channel or possibly breaking the top once the euphoria kicks back in however, we need to assure Bitcoin stays far out of the “fackery zone” with the obvious manipulations that has ascended upon us. Have a green week folks!
COINBASE:LINKUSDLong
by Savvythe1
Link Inverse Head & Shoulders!Chainlink is looking great on the 4 HR timeframe and has created an inverse head and shoulders pattern aswell as coming upto the apex point this wedge! This pattern is very bullish and we can expect over the next few days some really nice movement upwards, keep in mind BTC will drag down or push up the market in most cases. We are holding up on this triangular support and i expect price action for the most part to respect this pattern and stick to the support. We could see a break of the 0.5 Fib level, as we have tested it multiple times before. Also we could see a drop to the 0.6 Fib and then see a bounce up but i don't think that is as likely. The RSI bounced off the 50. point line and is now starting to curl back up! We need to see a full break of this level then we can expect very bullish movement with a confirmed uptrend! We see the red MACD lead curling downwards but the blue and orange MA's still arent crossing bearish but that could happen and that ties in with the falling to the 0.6 FIB. We did see a close call with them almost flipping, but held strong and continued up. Overall in the near future im very bullish on the whole market but especially chainlink, ETH and DEFI. Not financial advice just my opinion
COINBASE:LINKUSDLong
by JacobR905
3
Chainlink looking very bullish!Link has performed very well after the "bottom" a couple days ago, we are sitting right on the 0.6 Fib level and aswell moved above the 200 day MA! Tonight will be a big close for link i would really like to see us hold this 0.6 Fib and 200 day MA, then i think we got a good chance of moving higher, but right not everything is riding on BTC with the market generally following Bitcoins moves. We found some down slopping support on the RSI and now we're seeing a little bit of a come down right around the oversold area. We gotta see a move up above the 50. point on the RSI to get that confirmed uptrend! Zero Lag MACD looks very bullish with our red lead flying upwards with our blue and orange flipping very recently to bullish, we want to see our Blue MA stay ontop of the orange and start to spread out to really start seeing some bullish momentum!! Not financial advice just my opinion!
COINBASE:LINKUSDLong
by JacobR905
2
CHAINLINK (LINKUSD) WEDGE CORRECTION Following is my analysis for CHAINLINK (LINKUSD) using wave theory & Fibonacci measurments: 1) On Apr 15th, CHAINLINK (LINKUSD) touched its all-time high $44x 2) The market went into a correction mode after a 4-month uptrend taking the price from $9 to $44 3) The correction looks like a wedge correction called triangle diagonal in Elliot series forming (A-B-C-D-E) 3-3-3-3-3 waves inside the diagonal triangle shown in light GREY A-B-C correction waves 4) I believe the next wave is the last leg of the wave E in the diagonal triangle 5) There are 3 confirmation points that need to be taken here 5.1) Confirmation 1 - Bounce confirmation of Wave E shown in the diagram 5.2) Confirmation 2 - Price breakout from the diagonal triangle, shown in the picture 5.3) Confirmation 3 - Once it breaks out of the channel it usually retraces back before going LONG I believe these are some of the main confirmations that we need to take before taking LONG positions for CHAINLINK (LINKUSD) Information for educational purposes ONLY, appreciate everyone's feedback !!!
BITSTAMP:LINKUSD
by JAN360
Chainlink (LINK) Update: 44% Gained, 10% to New ATH Chainlink (LINK) Update: 44% Gained, 10% to New ATH @ 161.80% Fibonacci Level. See previous analysis below. Happy Trading :) Next stop $47 for $LINK Update from 05/04/21: Chainlink (LINK) to test previous ATH and Beyond 54% Gain to 161.80% Fibonacci level @ $47. Since reaching a new ATH on the 20th February @ $36.84 Link has been consolidating in this range between 61.80% and 23.60% Fibonacci level ($30 to $24) showing significant profit takers in the market as we have seen the bulls try to push the price above the 61.80% Fibonacci level and failing to break past this key resistance level 3 times over the past 42 days. On the 29th March our Swing Call script triggered a strong buy signal just above the 38.20% Fibonacci level and we actually saw the price push past the key area of resistance for the first time since setting the new ATH . Since then we have retraced back down touching the 50 SMA (a clear fake out from LINK). From here we expect another test of the 50 SMA before the LINK can truly break out of this key area of resistance to push past the 78.60% Fibonacci level and a test of the previous ATH which we can expect to be tested @ $36.84. This run from LINK has been long awaited with a lot of solid fundamental news around the project. If we see a break above $33 we can expect a probable 54% Gain to the 161.80% Fibonacci level and our price target of $47. Be patient, wait for further confirmation from price action, use buy zone to map out your buys whether you are already in LINK and want to DCA or are planning to make an entry. Happy trading :) $LINK
KRAKEN:LINKUSDLong
by CryptocurrencyMagnet
ChainLink $LINKUSD Long Term Target PTs 70-150 and higherLINK/USDT The bulls have propelled Chainlink (LINK) above the $36.93 overhead resistance today, indicating the resumption of the uptrend. If the bulls can sustain the price above $36.93, the altcoin could continue its march toward $50. The 20-day EMA ($32) has turned up and the RSI has risen above 65, suggesting the bulls are back in the driver’s seat. However, if the bulls fail to sustain the price above the $36.93 level, then it will indicate aggressive selling by the bears at higher levels. That could result in a drop to the 20-day EMA. A strong rebound off this level will suggest the sentiment remains positive. Conversely, if the bears sink the LINK/USDT pair below the 20-day EMA, it will suggest that the current breakout was a bull trap.
BINANCE:LINKUSDLong
by UnknownUnicorn19246015
LINKUSDT 4h can seek such price projections.Technical analysis regarding the price of CHAINLINK in relation of dollar Tether for the next scenarios, based on 4 hour movement. disclaimer *** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. *** Any questions do not hesitate to contact me. I'm happy to be able to help you in the best way I can. 🙏
Long
by luizhcruz
3
Chainlink (LINK) to test previous ATH and Beyond 54% GainUpdate 05 /04/21: Chainlink (LINK) to test previous ATH and Beyond 54% Gain to 161.80% Fibonacci level @ $47. Since reaching a new ATH on the 20th February @ $36.84 Link has been consolidating in this range between 61.80% and 23.60% Fibonacci level ($30 to $24) showing significant profit takers in the market as we have seen the bulls try to push the price above the 61.80% Fibonacci level and failing to break past this key resistance level 3 times over the past 42 days. On the 29th March our Swing Call script triggered a strong buy signal just above the 38.20% Fibonacci level and we actually saw the price push past the key area of resistance for the first time since setting the new ATH . Since then we have retraced back down touching the 50 SMA (a clear fake out from LINK). From here we expect another test of the 50 SMA before the LINK can truly break out of this key area of resistance to push past the 78.60% Fibonacci level and a test of the previous ATH which we can expect to be tested @ $36.84. This run from LINK has been long awaited with a lot of solid fundamental news around the project. If we see a break above $33 we can expect a probable 54% Gain to the 161.80% Fibonacci level and our price target of $47. Be patient, wait for further confirmation from price action, use buy zone to map out your buys whether you are already in LINK and want to DCA or are planning to make an entry. Happy trading :) $LINK
KRAKEN:LINKUSDLong
by CryptocurrencyMagnet
4
Chainlink several bullish signals! Parabolic?Hi Traders! We are looking at the one day graph of link/usd .. We can see a MACD Cross whereby the fast line has crossed the slow line, which is indicating a shift in momentum. Bullish in this case. Furthermore, we can see a bullish engulfing candlestick candle on 29-03-2021. The previous bullish engulfing pattern dates from 01-01-2021, which resulted in a rally of nearly 2 months. Beside the previous, we can also see a double bottom which indicates a change in trend and a momentum reversal from prior leading price action. Bullish in this case. In our previous analysis about Chainlink (1 hour graph), we spotted a cup and handle which also is a bullish signa l. However, yesterday I got me some new pair of shoes. Now I noticed that a lot of people are wearing the same shoes. Or was it the other way around? This is not financial advice , I am not a financial advisor. Press the like button and leave a comment !
KRAKEN:LINKUSDLong
by Aroundthesun
1
Looking for LINK to breakout!For half a month now link has been trading mostly sideways creating a wedge, we are currently looking good sitting above our 0.3 FIB level and approaching the apex of our wedge. I think links time is coming i believe we will see a big breakout of the wedge to start the journey back up. Our MACD has crossed bullish and doesn't look like we are going to see a reversal as of now. We also want to watch our RSI and it crossing the 50. point line signaling a clear uptrend! we are currently sitting just below this point. The Stoch RSI is looking great we are bullish and only sitting in the middle of the neutral area. I see a lot a people getting upset that link isn't moving much but all you have to do is look at its full chart to realize its one of the most steady growing, also look at the future aspect and realize long term what they are actually doing and providing technology wise, Its truly amazing! NFA just my opinion!
COINBASE:LINKUSDLong
by JacobR905