LINK further bull actionIchimoku indicators further bullish moves
Inverse H&S is also present
I entered last night into a position in LINK
Chainlinkusd
💡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
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💡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 ❤️
Link trying to hold supportRight now Link is looking to hold the support its currently at, aswell as come back up into the ascending channel. If we can get a daily close above our support we are currently sitting at would give link the chance to climb back up into our ascending channel and ultimately higher in price, however, if we see a close below this support i can expect us to have a bit of a drop tomorrow again and possibly at most see that 12% drop. Going to be interesting as our stoch rsi is shooting straight down into the oversold zone. The ichimoku cloud has begun to really shrink and we could see it flip to bearish. EMA ribbons are going sideways as of right now but aren't showing any signs of twisting to bearish. Watch for the daily close as it can indicate a lot. Not financial advice just my opinion
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
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!
LINK Fib ChannelIdea for LINK
Showing multiple touches on critical fib lines
I expect a retrace to the black dotted line following the recent touch of the fib level
From there bullishness continues
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.
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 moving as we thoughtChainlink setting higher highs and lows. Touched golden pocket and is continuing the move I predicted.
It has now retested the .5 FIB level, psychological $30 level and 21MA. I can see this move continuing especially since the 21MA broke above 100MA.
Last time this happened on the 4H was at $12. LINK made a 200% move towards $36. If this repeats we could easily see our target of $45 reached.
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
Link ascending channelWe have been moving slightly up and down but mostly sideways with lots of accumulation going on, looks like Link is charging up for that next leg up. Ichimoku cloud printing support going upwards and Stoch Rsi was recently in oversold areas, we want to see link continue to follow our ascending channel which would eventually bring us upto ATH levels where we would need to break through to continue going up. We will want to watch out for a break down out of the ascending channel, if that happens i believe we would fall to our closest support (marked in green) NFA just my personal opinion!!
LINK hidden Bullish Divergencethats about it...
hidden bullish divergence...on the 4 hr...
just had a big bullish engulfing...
LINK dropped to its 50d MA $24.75 may be next.Summary
The LINKUSD pair has dropped back to its 50 day Moving Average (ma). Currently the global market volatility is threatening further pull backs which will impact the cryptospace. Federal Reserve Chairman Jerome Powell got grilled by a WSJ journalists and did not reassure global markets that treasury bond interest rates are going to be controlled by quantitative easing. After the Volatility index just spiked to a local top I expect Big Money is buying the dip.
Technical Analysis
MA
LINK has moved down to its 50d MA, most of the time with crypto, this is a pretty good entry during a bull run, which unless we drop below the 100d MA and then have significant trouble getting above it on BTC, I would say we are still decidedly bullish. That said LINK is not BTC so it may drop to its 100d MA, but a more likely scenario is it stops just short of it near $21 which is the bottom of its previous horizontal price channel which is roughly $21-25. Because we have no confirmation of reversal of the current down trend I still have to roll under my original thesis that we have a greater than 60% chance we drop to the next horizontal resistance zone of roughly $24.75 and if that falls $21.
MACD and RSI
The MACD crossover on the daily has been hit with a setback, and even if the trend switches back to the upside LINK will need a few more days to crossover unless a unreasonable force to the upside effects it. The RSI is now trnding lower, but isn't anywhere near over sold and is a relatively neutral signal.
Fundemental Analysis
There is a little blood in the streets, as the big 3 US stock indexs all had a bad day. This was triggered by bond yields spiking hard, and was exacerbated by a lack of reassurance from Jerome Powells that the Federal Reserve plans to address this through quantitative easing. As a result of falling equities and rising bond yields, and a run on dollars, there was a strong negative pressure on Crypto and global markets. Watch the VIX if it doesn't close above 28.80 by the end of next week I bet and will bet that Big Money is buying up this dip as everyone else is dumping off thier assest they paid too much for to begin with. Wait to see how the markets move from here, then ask how will this effect the crypto space. The longterm inflation that the market is projecting can only a good thing for crypto prices. I am still waiting to see what happens tomorrow and Monday and for a confirmation that LINK is bouncing by closing above $28 or a fall to $21 before I consider a larger position, but made a small entry at $26.
One Last Thing
Last remember that horizontal channels and moving averages are just aggregates of human psychology. Its easy to look at these as numbers and lines, but in reality the top of a new horizontal channel your in is where all the weak hands reside, and the bottom is where the last battle of wills took place, and a moving average is what people believed an assets was worth over time and likely will again. If you take this into account its easier to guess where a asset is going, because you likely understand humans better than charts. ☯️
Chainlink currently in ideal Buy Zone 56% Gain back to ATHOn 4H Chart chain link has tested the 200 SMA and 50 SMA but there is no signal for a reversal in trend. This can only signify an explosive move back to the upside as the Stochastics are showing an extremely oversold market, further we expect the Bulls to come back in the market and for the previous push phase to continue. This buying zone at the 38.2% Fibs is a great entry to accumulate more Link at the current price level. 56% Gain back to ATH which we expect Link to test in the next 3-7 days.
update from link FIB levelsLink is holding the 0.5 FIB strong and i think if we can close above this level we will have room to continue upwards, Ichimoku cloud is bringing us very nice support and has started to point to the upside. Not financial advice just my personal opinion
LINKChainlink is up to something...when this thing goes you better hope you have packed your bags... Targets in blue. reasons to be bullish in text box.
The Content is for informational and entertainment purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. This is not financial advice nor am I a financial adviser. :)
The end of wave 4 with Expanded Flat patternIn the daily chart, the 4th wave from the sub-waves of 3rd wave has ended in the range of $ 21, and the uptrend has started. The initial target for wave iii is around $ 55. In addition, the main target is heading toward the range of $ 80.
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.
LINK FIB levelslink looking strong still we bounced off the 0.3 FIB Level perfectly and want to see this hold, if we can hold i can see us push to break the 0.5 FIB once again. Keep your eyes peeled because if we breakdown past the 0.3 FIB i believe we are bound to fall down to the 0.2 FIB, Ichimoku cloud still creating some upside support and the EMA ribbons pointing sideways but still bullish. Im not a financial advisor and this is all my personal opinion
Chainlink continuesIt came down to my support area. Was able to load up on some cheap LINK. I am now targeting $36.5 and $46.5 as the next profit taking levels.
How is your LINK bag?
LINK chainlink reversal to the upsideclassic bullish divergence on multiple time scales.
bounced on the weekly S3
3 white soldiers candle stick pattern on 8hr = reversal
holding above the weekly pivot = bullish
broke out of descending triangle...potential backtest
BTC also looking very good.
targets:
42 is the macro 2.6
55 is the macro 3.6
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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