LINKUSD Bullish IndicatorsLINK is showing bullish signs on the TSI indicator,
It has reached a point that previously was also the low point, it climbed back up from there
The opening of the 50,100,200 day MA is very bullish, Price when this MA formation is active loves to stay above the 50MA and just cruise upwards
Good Buy - Long
Chainlinkusd
Identifying Similar Structures LINKUSDTwo common structures green box, and white box
The structures are common due to there repeated nature
The last transition from green to white was quite bullish, we will see how it will play out after point (4) is finished consolidating at a support
These similar structures also are portrayed on the indicator provided
Chainlink to $29 $LINK We see two nice patterns taking great shape here.
1. We see a beautiful descending wedge with a clean break out and support tested.
2. A perfect Adam & Eve patten, which seems to be playing out well
We see a breakout target as high as $29.63 ~ which is a 57.58% gain from the break out. We have seen Chainlink do this in the past, consistently going into the new year, thats not saying it will happen buts its very possible.
Im looking for key support to hold at the $23.00 mark as well as $22.24 (the wide rectangle in red/orange
If we break $27 ~ we will want to test this support before heading upwards to $29
($27 is a key level we need to flip to support)
The smaller green and blue boxes are simply my latest buys.
If you look long term, we are at the bottom of the Channel as should see upwards movement in Q1, historically speaking.
We should see the 50 cross the 200 EMA - this should confirm the upwards momentum.
Things to watch: a consistent upwards movement, that is supported by test support.. we want to see an upwards staircase, not an elevator. ;)
(LINK) ChainLink on the road to 200$ ? Hello everyone !
Today we analyze ChainLink (LINK) based on a Two Weeks chart 📈
What we can see :
- Prices evolve inside a parallel channel since April 2019.
- Right now, prices took support on the lower channel level + white trend line.
- Prices are still under the black downtrend line
- There is a bullish div on the RSI
* Eric Schmidt recently joined the ChainLink foundation as an advisor (Very bullish)
What we can expect :
If prices manage to break the downtrend line + the 33/38$ resistance area, there will be a huge W pattern that could send Chainlink to the upper channel level. In addition, by using the trend-based Fib extension, we can identify potential final targets for Chainlink
Main resistances : Downtrend line + Cluster 33/38 $
Support 1 : White uptrend line
Support 2 : Lower channel level
TP1 : 85 $
TP2 : 131 $
TP3 : 175 $
TP4 : 220 $
IF YOU LIKE THIS POST, FEEL FREE TO LEAVE A LIKE AND FOLLOW THE BLACK CAT TRADER
MAY THE CRYPTO BE WITH YOU GUYS (D.Y.O.R)
ChainLink issuesRight let me first say that I'm bullish long term for chain link, buying chain link since 2019 and it's done amazing since then but let's face the facts , it lost a lot of its strength.
For whatever reason Chain Link has lost its strength , it no longer moves independently from most of the market like it used to. Why? I have no idea , I don't look at the news or developments or upgrades just the charts and the chart is bullish but targets for this final leg are much lower now.
For years Chain link was in this amazing parabolic channel but since July 2021 when it closed its first weekly under the support its been struggling to get back in and stay in. We got back in for 35 days before falling out September 2021 and then sadly flipping support as resistance , for 8 weeks we couldn't even close a weekly above it and have had to drop down to a lower multi year support line that was created with following reaction events marked in yellow circles.
If Chain Link was in the parabolic channel at this moment it would be 45 Dollars and my previous targets of 200 dollars would be intact , now I think Chain Link will most likely top out anywhere between 93 and 116 dollars at 3 or 4.618. Personally I think it tops out at 93 dollars at the 3.618 and hits the top of the parabolic resistance channel (Red circle) on May 23rd 2022.
If you want to know why May 23rd 2022 check out my TA below .
Finishing on a bullish note , the RSI is at historically low levels for Chain Link.Hopefully I'm wrong with this one and Chainlink pulls off a 900% move to 200 dollars.
4th of July all over again for chainlinkLooks like Deja Vu. Chainlink is echoing the falling pattern that took place in the beginning of July. Looks possible we may see a wick hitting on or close to the $13.00 range. Getting nervous as I'm publishing , fear of missing profits while I'm typing. Good luck keep your figures crossed and take profits along the way. Upside....$13 dollars an awesome buy for Link for those who missed it last time.
LINK - at weekly support, showing some bullish signsThe current CoinMarketCap ranking is #21, with a market cap of just $10,000,000,000 USD.
We all remember famous chainlink run from 0.5$ to 50$, but after it LINK enter into long consolidation.
Considering CMC ranking and M.Cap od just 10 Billion (for example, at the same time DOGE is at 22 Billion) LINK should reach 50 Billion at least in Q1-Q2 next year.
Price action created big triangle with clear support (15-19$) which held pretty well few times. Notice barely visible hidden bullish divergence on RSI and Stoch RSI oversold condition (yes, it can stay oversold for some time, but it is sign that bottom is somewhere around the corner).
Watch for Anchored VWAP dynamic supports (from bottom which is great area for buy orders and other from top, which when broken will indicate bullish sentiment and probable ATH retest). Don't forget about upper boundary, but considering current market condition, I wouldn't be surprised if Anchored VWAP comes to upper boundary (Q1 2022).
Just to reach previous ATH, gain would be 150%. Risk/reward looks very favorable in my opinion.
THE BIGGEST BULLISH DIVERGENCE I HAVE EVER SEEN (BUY CHAINLINK)BINANCE:LINKUSDT is a monster in disguise, with a huge surprise waiting around the corner.
On the weekly timeframe chart, we can see a monster-sized hidden bullish divergence. The price action has been printing higher lows, while the RSI has been printing lower lows. By definition, this is a hidden bullish divergence. Something like this appearing on a high time frame, in our example the 1-Week time frame, can only mean one thing: a huge move on the upside is waiting for us.
Fundamentally, BINANCE:LINKUSDT is also a fantastic project, having just partnered up with the former GOOGLE CEO - Eric Schmidt. I have never been so excited for a project before!
Good luck,
Your Ganbu
⚠️ Let me know your feedback and comments below!
⚠️ Follow me if you would like to see more analysis like this
Critical Situation on ChainLink ChartThe Crypto market is now suffering from an intense drop since Bitcoin fell down below 52K level. And now a huge Head and Shoulders pattern formed on the ChainLink weekly chart. The bullish and bearish scenarios depend on the very important key level at $15 - $16. If this support level breaks down the next important level to test will be around $10.6 and in case of losing this level the H&S pattern will be confirmed and the pattern projection will be around $3.9. In another bullish scenario, the first key level at $15 - $16 will be held and the price will bounce at this level so we can expect to test the two important resistances ahead in order to achieve higher targets at $76 and $110.
Chainlink looking Ugly! So I dressed it up !Just a projected idea. Art: because I'm bored!
Lows $15-16 after a resistance check. Highs $22-23, then up up and away !!!
Link - breakout as a good buying opportunity!A trend line has formed on the LINK chart. It is worth pointing out that the price has made re-low its lows several times. And a big volume appeared on the bottom. This is a good signal for the continuation of growth. In case of a breakout of the trendline, there could be a good buying opportunity.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
ChainLink: Chain BLING! 😎😎😎It is not very bling bling from the cryptocurrency ChainLink - so far! We expect that the ongoing correction will continue to stretch out all the way down to the yellow area between $11.64 - $6.14. This, however, would mean a great entry chance, since we expect the course to make significant gains from there. Only a premature rise above $38.65 would bring a temporary rise, before falling again.
Happy Cyber Monday!
27% PROFIT OPPORTUNITY ON CHAINLINK (LONG ENTRY)BINANCE:LINKUSDT has retraced down to a strong support level and expecting to make an increase to the 0.618 fib level which would amount a 27% profit, as shown on the chart.
Good luck,
Your Ganbu
⚠️ Let me know your feedback and comments below!
⚠️ Follow me if you would like to see more analysis like this
Link - keep your eyes on these levels 👀❗❗The last couple of days the cryptocurrency market has been experiencing very strong swings in one direction and the other.
It's worth keeping in mind that a lot depends on bitcoin's behaviour right now.
LINK is sandwiched between the $30.6 and $28 levels. A squeeze near the mirror level could result in a breakout and a fall to the lower marked area.
In case the resistance level of $30.6 is broken, there could be a continuation of the rise to the area marked above.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.