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Chainlinkusd

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
BULLISH AND BEARISH ARGUMENTS FOR CHAINLINK - CryptoManiac101CHAINLINK / USD TA BULLISH CASE Chainlink is in a symmetrical triangular pattern, otherwise known as a bullish pennant which in over 75% of the cases results in a bullish pump upon confirmed breakout. This would be a good longing zone while LINK is bouncing around in the 'No man's land' and we are waiting for confirmation of BULL or BEAR break. BEARISH CASE Chainlink is in the similar pattern as it was back in August - September of last year which results in a nice dump followed by a 4-5 month accumulation before further pump. In this case if we were basing this trade solely based off fractals, we would be entering a short position here and adding on top of it as we get confirmation for downward break.
COINBASE:LINKUSD
by CryptoManiac101
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
LINK: CUP AND HANDLE confirmed, FALLING WEDGE formingHello Traders, We are looking at the 1 hour chart of Chainlink. As we can see, a cup and handle formation has formed which is considered a bullish signal. Furthermore, also a falling wedge is forming / has formed. Wedge patterns have a tendency to break in the opposite direction from the trend lines. Which makes this signal a: bullish/bearish b]leave your answer in the comment section! This is not financial advice, I am not a financial advisor. Click the like button and more ideas will follow. Thanks.
KRAKEN:LINKUSDLong
by Aroundthesun
1
Lot of reasons to like chainlink right now KRAKEN:LINKEUR OK marines, In my view there's a lot of factors lining up for Link to start its next leg. Now BTC please play nice! • Approaching middle of pitch fork which has acted as S/R in the past • Approaching prior highs which are also marked by the 1.0 fib extension which dates back to the highs of Feb 20 around $4.50 • Similar RSI to where we launched from at end of December I wouldn't mind if price came further down to the $20-22 area and filled out the wick from that crash low, but I think its a good time to start layering in on a swing trade long.
COINBASE:LINKUSDLong
by CwaveSurfer
1
Link Looking to rebound after closing daily on 0.2 FIBWe just closed todays candle on/above the 0.2 FIB and are currently sitting above it looking for a bit of a rebound, The stoch rsi is starting too bottom our in oversold and looks like we could be seeing a switch to bullish soon. our EMA ribbons have been pushing down a little bit obviously due to recent price action around the market, it doesn't look like we are seeing a twist at all just some downward movement. The Coppock Curve is getting real close to the bottom, indicating potentially some recovery soon. Bitcoin will move the market / altcoins so always keep an eye on BTC. NFA just my opinion.
COINBASE:LINKUSD
by JacobR905
2
Chainlink: Sellers Gain UpperhandSellers have now gained an upper hand over the buyers and we should now see price move down to support levels. There is about a 75% chance we are headed lower. The bar on March 20th was a low volume buy bar which was an indication buyers were losing steam and a possible reversal was now set. Price finally broke the low of the March 21st bar which was the last straw and now buyers are having to get out of their positions, especially after a triple test of the $31.39 resistance level. I expect price to go down and test the $26.50 resistance level and possibly even the $22 level or even lower. We'll see what the next few bars bring! Note: I got out of my long position on March 20th.
COINBASE:LINKUSDShort
by Steven7960
LINK big moves coming soonLink has been consolidating for some time now but has a habit of having huge breakouts even when the market is shaky, we are approaching the apex to our ascending wedge. Currently trading below our ascending channel after breaking through the 0.5 FIB level. the bollinger bands are really coming together and squeezing the candles hinting at a big move in the near future. I think tomorrow we could see a little more downside but i believe we are going to bounce off the bottom of our ascending wedge also the 0.3 FIB and come back up into the ascending channel. I say this also because the Stoch RSI is getting close to the oversold zone. I see us after that then going to break the top of the wedge and continue on the path of our channel. NFA just my opinion, also keep in mind BTC is a big factor for everything right now.
COINBASE:LINKUSDLong
by JacobR905
2
Looking for Link to hold support and continue upLinks had a good few recent attempts at breaking the 0.6 FIB level and currently we're trying to hold the 0.5 FIB + Ascending channel. Our Ichimoku cloud has turned bearish but it is actually pointing up, potential could reverse. The EMA ribbons are going sideways + showing no signs of twisting and turning bearish! The stoch RSI has flipped bearish so that is definitely something to keep an eye on, we are still around the neutral zone so we still could see some buys come in. Overall Link is going to follow bitcoin for now. NFA just my opinion.
COINBASE:LINKUSD
by JacobR905
💡Don't miss the great buy opportunity in LINKUSDTrading suggestion: ". There is a possibility of temporary retracement to suggested support line (28.18). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . LINKUSD is in a uptrend and the continuation of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 56. Take Profits: TP1= @ 31.86 TP2= @ 34.25 TP3= @ 37. 05 TP4= @ 41.00 TP5= @ 45.00 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
11
💡Don't miss the great buy opportunity in LINKUSDTrading suggestion: ". There is a possibility of temporary retracement to suggested support line (28.18). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . LINKUSD is in a uptrend and the continuation of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 56. Take Profits: TP1= @ 31.86 TP2= @ 34.25 TP3= @ 37. 05 TP4= @ 41.00 TP5= @ 45.00 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
32