Link Looking for a breakout of wedge!Chainlink looking bullish on the 4HR timeframe, we have been trading inside this wedge for a little bit now and currently looking like we are going to breakthrough the 0.5 FIB level, if we do i believe we are going to see nice upwards momentum as the next FIB level 0.6 is above of the wedge we are looking to breakout of. We are seeing the Bollinger bands starting to squeeze the candles hinting at a big move if they continue doing so, our Stoch RSI is starting to turn up and we are only around the middle of the neutral zone! Thinking we are likely to see a nice leg up for link in the coming days/week! Not financial advice just my opinion
Chainlinklong
CHAINLINK (LINKUSDT/LINKBTC) Long Entry Setup 2021/03/11Looking to long LINKUSDT upon a strong close above $30.
DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I am simply sharing what I am doing, and I will not be responsible for any actions you take based on the analysis and comments that I provide. The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk!
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looking for Chainlink to push back up to the 31$ resistanceBullish overall on link, little dip today after rejecting off resistance at 31$(usd) as I said in my last TA for Link we may see a rejection but i believe we would see another couple tries and ultimately a break of the 31$ resistance. we are still getting support from Ichimoku cloud and EMA ribbons! Stoch RSI is coming down from overbought back into neutral zone, i expect this dip to get bought back up and for us to return to the 31$ resistance and hopefully breakthrough!
Update Chainlink (Link) 36% Gain back to ATH Chainlink (Link) still on course to break past previous ATH, Link has found some short-term resistance at the 61.80% Fibonacci level and is poised for a continued move to the upside back to the previous ATH @ $36.84. We expect this move to continue and to break past this level to set a new ATH at the 127.80% Fibonacci level @ $41.38, this is a 36% Gain from the current price level at the 61.80% Fibonacci retracement level.
Link pushing to break resistanceLink is on the push to break overhead resistance level, i think we will if not the first try maybe 2nd or 3rd consecutive try. We got the EMA ribbons pointing up with bullish momentum and ichimoku cloud ahead is big support and the Stoch RSI still has a little to go before being Over Bought, also we are trading above our middle line in the ascending channel as of right now. We will need to flip both overhead resistance levels to support to reach our ATH levels and beyond
Chainlink Update on the path to 30% gain & 44% Gain 127.2 FibOn the 4H Chart Link has broken the 200 SMA, further the 13 EMA crossing Up 50 SMA has signalled a strong Buy. Link is on track for a 30% gain back to the ATH of $36.8 and further could set new highs at the 127.2 Fibonacci level, gaining 44% to $41.38.
We are still very bullish with this project and can see EOY target between $150-$350.
CHAINLINK USDT BUY LONG IN 4 HOUR TRADEDirection LONG
TL 26
TL 2: 26.5
Signal Rating 3/5
DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I will not be responsible for any actions you take based on the analysis and comments that I provide. I am simply sharing what I am doing, and is not meant to be investment or trading advice. What you choose to do with the information that I provide is your own sole responsibility! The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk!
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LINK Bullish View - ContinuationThis recent wick extension has made LINK look appealing to me (within rectangle)
This rising Megaphone will likely continue, ( orange line of resistance will stay intact)
Continuation will result; bullish
A smart man once told me "don't invest in projects you don't understand"
Hence I am going to sit out of this opportunity
TA regardless looks bullish
LINK Potential BuyDouble bottom formed at key resistance levels. 30% gain needed to break through the 200 SMA, currently the 13 EMA is showing signs of breaking the 50 SMA signalling a buy signal in the mid-long-term. Wait for confirmation of break towards the upside when the 13 EMA and 50 SMA cross for a strong buy signal.
$LINK is trending What a beautiful week to pass. now it's chainLink's Turn to take off! the price had squeezed properly and it broke out of the upper line which is a robust S/R zone. Now the Link is pulling back to retest the breakout zone and continue its way through the target. Link is ready to BOOM!
Price rising and continuing its upward macro trend at LINKUSDT Technical analysis regarding the price of CHAINLINK in relation of dollar Tether for the next scenarios, based on 4 hour movement.
Price forming rising tops/bottoms ~upward trend~ and has been respecting this channel. So far there has been no disagreement with the MACD, if any, even better to confirm this bullish leg.
Exponential Moving Averages taking parallel spacing and that of 34 periods guiding the price.
Target prices suggested in the graph.
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. ***
My price projection for LINKUSDT 4H in the next scenariosTechnical 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. ***
Chainlink If chainlink copy the previews pattern of the double top , he had a dump of 96 bars ( -28.40% ) that period of time and at the same time his lowest RSI indicating the lowest underprice he reached was 14 bars ( 15.32% ) dump at that period of time. Link just made another Double top , with a 96 bars drop ( 26.24%) should reach around 19$, just above the strong support line, also its possible due to the RSI movement with a 14 bars drop ( 12.87% ) it might stop around 20$. If Bounce of the 20$ support the next target is 30$ bullrun.
LINKUSD formed Gartley | Upto 34.5% expectedOn daily chart, the price action of Chainlink (LINK) has completed bullish Gartley pattern, now it has entered in the potential reversal zone. There are also 100 simple moving average support in the potential reversal zone.
Buying And Sell Targets:
The buying and sell targets according to harmonic Gartley pattern should be:
Potential reversal or buying zone: $12.4824 to $11.4132
Fibonacci projection or sell zone: $13.3258 to $15.3716
Stop Loss:
The potential reversal zone area that is up to $11.4132 can be used as stop loss in case of complete candlestick closes below this level.
Possible profit and loss ratio:
As per above targets this trade has a profit possibility of 34.5% and as per the above-mentioned stop loss, the loss possibility is 9%.
Note: Above idea is for educational purpose only.
Chainlink getting very intersting again LINKBTC getting very interesting again.
You may ask why key point! 😊
- Chainlink has been bouncing on 50 Weekly MA ever Since April 29, 2019
- Trendline intact from 29 April 2019 until now every time we get a big run. Price always
Tend to come back and test the trend line.
- July 30 2018 ChainLink Bullrun started and RSI weekly never been below 44.87 every time it came down and touch look what happens with the price.
- We have TD Sequential count on sell 7 so coming 3 weeks should be very interesting
- Stouch RSI about to flip Positive.. on weekly which is big deal. Everytime Stoch touch 2.36 point look what happen next to the price.
Scenario 1:
Price keeps the bull trend and we continue with uptrend which I also expect.
So I would recommend buying below 0,0072 sat and hold Target on the chart.
If u wanna play safe wait for positive flip on stoch RSI weekly, Ifish smooth flip green and RSI bounce.
Scenario 2:
Price break the trend and close below 50MA weekly ur next buy target would 0,00050k sat which is 200 weekly MA
And exit target would be 0,00070k area. Break above 0.00070k sat again = back to bull mode!! rejection would lead long bear market. Highly unlikely scenario