Chainlinkusd
LINK nice entry opportunityPlease feel free to share your view on this pair down below in the comment section. I'm more than happy to be challenged and have an interaction on this idea.
Also make sure to leave a like as it helps me out a lot!
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LINKUSDT getting interesting. Here are my levels...I was watching for the market to hit 7.0 but it undershot the price and rallied, which I think is a good sign.
Now we are finding support at 9.0 which was a previous inflection level.
Where to next? If current candle closes near its high (bullish candle), I'd bet we would see at least a small leg up. If buyers got the strength, we should see a re-test of resistance just above 11. A daily close above that would be interesting (to say the least).
Check out the 4HR chart below and see if it doesn't excite the chartist in you... :)
Chainlink (Link) Is Completing Setup For Next RallyHey friends hope you are well and welcome the new update on Chainlink DeFi token.
On the daily time period chart the priceline is moving in a down channel.
The price action of LINK is rejected by the resistance of channel and 100 simple moving average at the same time. The priceline is already moving below the 25, 50 and 100 SMAs and has strong support of 200 SMA at the same level where we have the support of down channel. Therefore there are chances that the price action of Chainlink may take another bullish divergence from the support of channel.
The priceine of Chainlink is completing final leg of bullish BAT and soon it can entere in potential reversal zone.
The targets as per Fibonacci sequence of bullish BAT pattern can be as below:
Potential reversal or buying zone: $7.17 to $5.53
Fibonacci projection or sell zone: $11.10 to $17
Conclusion:
The priceline is rejected by 100 SMA and the resistance of the channel, therefore it can test 200 SMA support and the support of the channel at the same time and complete the bullish BAT. After this bearish move we can witness another rally to the upside. The potential reversal zone of BAT pattern can be used as stop-loss as well.
LINK.USDT (Y20.P4.E6).Next stageHi All,
If you refer to my previous post, I called it part of the Livermore structure and so far its holding true.
This chart now shows another component which is the 3 Drive wave pattern and has 2 targets, 1 being displayed here.
Its a trade no-one should miss especially if its doing point 7 of a Livermore pattern, yet to be confirmed.
Previous posts links are provided below.
Cheers,
S.SAri
LINKUSDT completing final leg of bullish BAT | Upto 207% moveThe priceline of ChainLink is completing the final leg of bullish BAT, the targets as per the Fibonacci sequence of BAT are:
Potential reversal or buying zone: $7.17 to $5.53
Fibonacci projection or sell zone: $11.10 to $17
Regards,
Atif Akbar (moon333)
Link in Ascending Triangle! 20% Profit.LINKUSD - Short Term
We are looking to buy at the uptrend line or buy the breakout.
Trade will be canceled if the uptrend line get's broken.
Our outlook is bullish.
We are trading within a Bullish Ascending Triangle formation.
A break of 11.230 is needed to confirm follow through bullish momentum.
The bias is to break to the upside.
Our profit targets will be 11.860 and 12.458
20 and 50 EMA uptrend is active.
Resistance : 10.800 / 11.230 / 11.850
Support: 10.500 / 10.100 / 9.905
Signal Centre
LINK.USDT (Y20.P4.E5).TA.Entry level is hereHi All,
This is a continuation of my previous LINK.USDT post, link supplied below.
On my last post for LINK, you will note in the last entry in the update section, I entered this chart and the green zone, as part of the weekly support level. A good level/zone to re-accumulate.
Unfortunately I didn't get filled at $7.20 price as my bottom but I did get filled at $7.45. We will see if this was the bottom for LINK in the coming days.
For now, people would more likely short LINK and many of the ALTs as there are plenty of opportunities, if I have time, I will post which ones I have done and still looking at.
I do have BTC.dom to go up a little further but one can't be so confident what that means for some of the ALTs.
With LINK, I'm going to accumulate to going long.
It might drop further more but as they say, no risk no reward.
If you look at the RSI on this chart, it does support my thesis.
At this point, I can't see a deeper pullback at this point, but one never knows.
Please give me a tick or like for this post.
Regards,
S.SAri
The SHORTING opportunities were given. Hence why I have shorting at this latest level but its likely to be a reversal pattern stemming from this.
$LINK definitely buying at the current level or the next drop !Hello crypto friends and link marines,
I believe $LINK is entering a strong oversold territory and due a strong bounce here or at the .236 fib level.
Previous fractals have shown a tendency to re-test the last fib before putting in a new wave taking the previous highs.
If this repeats, it means that the number of the beast is a great number to load up on $LINK.
If $LINK gets anywhere to $7 to below $6.67 I will definitely get interested, a equivalent range in BTC suggests .000667-.00063 this is where I believe a lot of bulls will step in.
This, if $BTC does not bounce here (which I do not expect) but if it does, $LINK might pump hard !
Will update soon,
Follow and like if you're pleased with this content.
Have a good one !
LINK.USDT (Y20.P4.E4).Stalking.Livermore structureHi All,
I'm sure many of you like me have been stalking LINK for the right entrance for it is a good performer and project to go long with.
Looking at the structure we can see confluence with the 0.618 and support area. It seems like too much of an obvious target, so how do we see this play out?
If we assume many are waiting on this, it might not get there for we have on the 8 hrly and daily, a hidden bullish divergence, a potential bounce at the $10.1 level, current level, chart below.
Some analysts say the $10 will give way, but really it all depends on what BTC does as well.
I noted a bullish divergence on the 4 hrly for a bounce at this level.
Also a potential hidden bullish divergence on the 12 hrly to dailyy
In addition, I'm no expert but this expanding cylinder structure resonates with "Livermore"s speculative chart' on the daily where point 7 is our entry point as well.
If this is correct, this could be huge.
Confirmation will only be later on.
On the daily, the RSI and other indicators support the notion of a timely bounce at this envisioned support level, it might be a quick dip wick to fulfill this.
Now what will make these ALTs go up, a potential drop in BTC dominance to come, which is viable for we have BTC dominance in the MACRO chart headed more south.
Question is when?
I also have BTC dominance for this micro level going up, which can force it for LINK to touch this support area.
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Daily Chart: With 100 and 200 ema playing a role. We have the Lucid indicator showing downward pressure still.
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On the BB chart, we have the bottom yet to be tested on the 12 hrly as well as the daily.
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On the 12 hrly, I'm looking for a bullish candle and\or a cross over of the WT indicator.
Maybe looking for a double bottom for the RSI.
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4 HRLY chart, bullish div.
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Please give me a tick or like for this post
Regards,
S.SAri.
Chainlink Technical Analysis: LINK On The Cusp Of A Breakdown
Chainlink breaks down below an ascending triangle pattern.
LINK/USD could end up in dire losses, likely to refresh support at $8.85 if support at $10 is broken.
Chainlink has continued to lose dominance in market capitalization and comparison to digital assets like Polkadot, Bitcoin Cash, and Binance Coin. The race for the fifth spot in the market is in full swing, but Chainlink appears to have given up already. At the time of writing, LINK is trading at $10.84 after a 0.81% loss on the day. It is currently the eighth-largest cryptocurrency with a market cap of $3.7 billion.
Ascending Triangle Breakdown
Following the declines September’s first week, Chainlink embraced support at $8.85. A reversal came into play almost immediately, with the price spiking above $10, $12, and $13 resistance levels. Unfortunately, the bullish momentum started to lose strength as bears fought to take back control at $13.30. LINK/USD began to pivoting around $12, although the formation of an ascending triangle recently dealt the bulls a blow.
An ascending triangle pattern mainly signals the return of the previous trend. In this case, the breakdown at the beginning of September. However, it is essential to note that a breakout can occur either up or down from the triangle. Meanwhile, the 4-hour chart shows the continuing breakdown below the pattern.
The downtrend is emphasized by the Relative Strength Index (RSI) as dips back into the oversold area. Support at $10 is expected to hold; nevertheless, if it gives in, sellers could increase their activities, in turn, forcing LINK back to support at $8.85.
Chainlink Intraday Levels
Spot rate: $10.84
Relative change: -0.0764
Percentage change: -0.84%
Trend: Bearish
Volatility: Expanding
LINKUSD 4H Chart Analysis Fib Circles
Not everyones a fan of fib circles how ever they do a nice job if you know how to use them so for chainlink right now im getting a Buy signal on the 4h chart on the RSI
looking at the fib circles we could still be dropping though a little lower to roughly $10.74 - $10.80 to catch the 1.618 fib circle and start riding the line up some till we break out of it when we touch out of this fib circle we could expect another pull back most the time we drop some as we are entering into the new ring. auto Fib helps us place are fib circles more accurate. before exiting this ring i expect to see us pump some until we are crossing out of it
(WARNING NOT FINANCIAL ADVISE)
LINK USDSideways chop followed by breaking through of the descending resistance line. Re-test this then you are looking at 20 dolla real quick. It will be psychological barriers thereafter... $25, $30, $40, $50 etc.
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. :)
Link 1D Will investors be allowed to enjoy the mark $5?Anything that is growing rapidly is doomed to an equally rapid fall.
It is happened with Link , the coin which grew without stop and without corrections on various news, mainly from the Defi direction, entered the correction phase.
We expect this correction to be at least to the level $7.00-7.20 , where was a temporary stop at the previous growth.
Further, there is an assumption on the chart how the price can move: it is a correction of the fall to $13.50-16 and a further fall to $4.30-5.00.
However, after each low and high point, we need to recalculate for more accurate targets.
We will make updating under this idea.
Although, to be honest, the money men who pushed the price up bought Link for at least $1.7-2.7 or even cheaper.
It is in this zone that there is a natural market interest in buying coins.
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LINKUSDT Buy OpportunityAnalysis using Elliott Wave Principle
If this count correct, then corrective zigzag A-B-C(green) is completed, expect higher move which is impulsive wave iii (yellow)
Two entry strategy
Conservative waits until price move higher than the top of last wave 4 or the top of wave i.
Aggressive enters when break white corrective resistance trend line
Stop loss at bottom of wave C.
Please like, if you consider this helpful
ChainLink $LINK - Weekly AnalysisThe chart is pretty much self explanatory. As you see, I tried to demonstrate the logarithmic move using Fibonacci retracement.
It seems obvious (to me) that we are at the third "High" point, whether it is an inside job or an organic move by market, the price reached Fib 2.0 and it needs a massive correction.
The next bottom could be between $4.0 and $7.0 (Fib 1.4 to 1.62).
This is not a financial advice. Trade wisely.