LINKUSD LINK USD CRYPTO CFD on PEPPERSTONE
Higher local rejections aren't marked because they appear to be tested, if you're doubtful, mark them yourself.
Initial lows, supports, untested spots marked with hotpurple box. Testing support currently, also a local low has been created, either we regain it and hold to continue with the move up.. or more likely, break below and push on to retest initial lows that created this whole trend up.
Always refreshing charting a different ticker, removes imprinted biases, lets you acknowledge key spots, and removes all the bs.
Anyways, i'll be watching this ticker over the next week or two. Once again LINKUSD LINK USD CRYPTO CFD on PEPPERSTONE
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LINK
LINK is Gearing up for a Bullish Move Howdy Paradisers!
At the moment, LINK is reflecting a wedge pattern, with a significant observation being its trading stance in a potent demand zone and slightly above the EMA 50.
💎 Another consideration is that if the price dips back into strong support due to the market volatility that has been a common theme in recent days, it might consolidate. With an increase in selling pressure, this could potentially offset the bullish momentum.
💎 The POC of VRVP (Visible Range Volume Profile) is acting as a resistance point. If the price maintains its momentum, we might be on the verge of a substantial bullish move.
💎 Paradisers, always remember that in the ever-changing world of crypto, staying updated and adaptable is crucial. Keep an eye out for more updates and relish your trading journey with #MyCryptoParadise!
LINK TO BOOM SOON
Last but not least it's time for LINK to get a first class ticket and here's why ..
1 A Pump signal has been detected . Pump in my neighborhood glossary refers to a trend following strategy . It has the shape of a pyramid , a golden one .
2 The said pump has been formed above the average true range channels
3 Last but not least this is weekly chart we talking about
4 A fibo time zone may guide us along this trade
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Chainlink Update (The same playbook )Since October 2022 I have been getting things wrong with chainlink a lot , pretty much the only coin where I missed the target and time over and over . Most of the time its easier to trade Litecoin because it actually has organic movement.
Chainlink has not been moving organically in my opinion , there is no historical price movement that we can compare this sideways movement for over 400 days.
For me atleast it was looking like this was some sort of wyckoff accumulation period and we just had a spring event.
In my previous TA I tried to give traders a heads up that this was highly likely a coordinated move to get Chainlink at much lower prices.
It was very clear to me that this was the case just based on the wave of news and timing of the flash crash structure that came shortly after.
Its the same playbook over and over if its not a ETF to bring price up , its SEC hammer to bring it down or "China ban" or Elon musk selling btc holdings for tesla etc etc you get the picture.
So where are we now , still under the 1/2 Gann Fan , at 6.8 dollars Chainlink will be over the 1/2 Gann Fann , lets see if its start closing above it that would signal a big change for LINK in terms of market structure.
We also have this very nice support line here which until now I didn't notice , seems to be bouncing off this support for a long time.
As I posted in my previous post of LINK , my indicators have been flashing bullish divergence and 5 wave counts across the board.
This EW count suggests wave 5 is in and target is just under 8/1 Gann Fan , very interesting.
and finally we have the most important Chainlink chart , the LINK/BTC dominance last LINK TA I talked about potential hidden bullish divergence if it bounced on this trendline.
We got that bounce.
So to conclude here , never sell your Chainlink at these levels , there is clearly big things happening in the background , when a coin has coordinated attacks to dump price and goes into some sort of Wyckoff accumulation its extremely bullish long term it might not seem that way short term and its been a long road for LINK holders but the play in a bear/sideways market is always to load up on fundamentals .
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Navigating the Ascending Channel and ResistanceShort-term scenario:
In the 4-hour chart, Chainlink is following an ascending channel pattern, which is a bullish sign. LINK's current price is around $8.00, near the upper Bollinger Band and the 0.618 Fibonacci level, which are both significant resistance points. The RSI and Stochastic Oscillator are close to overbought territory, suggesting the possibility of a slight pullback or consolidation.
If the bulls can push LINK above these resistance points and the price sustains there, the upward trend could continue towards the previous peak at $8.464 and beyond. However, if LINK fails to break these resistance levels, we might see a pullback towards the middle Bollinger Band ($7.633) or lower.
Do's in the short-term scenario:
Monitor the $8.00-$8.05 resistance level closely.
Watch the RSI and Stochastic Oscillator for signs of overbuying.
Don'ts in the short-term scenario:
Don't panic sell if a minor pullback occurs. It's normal in an uptrend.
Don't ignore volume changes. They often precede price changes.
Long-term scenario:
In the daily timeframe, LINK is trading above the 0.236 Fibonacci level ($7.59), showing a strong bullish sentiment. However, it's approaching a strong long-term resistance zone ($8.4-$8.95), which it has previously struggled to break.
If LINK manages to break and hold above this resistance zone, the bullish trend might continue with targets at the next Fibonacci level (1.0 at $8.464) and beyond. If not, we might see a consolidation or correction phase, with potential support at the 0.5 Fibonacci level ($6.613).
Do's in the long-term scenario:
Keep a close eye on the $8.4-$8.95 resistance zone.
Stay updated with any fundamental news affecting LINK. These can have a significant impact on the long-term price trend.
Don'ts in the long-term scenario:
Don't ignore the long-term resistance zone. It's a critical level.
Don't overlook market sentiment and broader cryptocurrency market trends.
Most probable scenario:
Given the strength of the long-term resistance zone and current overbought indications on the 4-hour chart, it seems likely that LINK may undergo a minor pullback or consolidation in the short term. The future trend will then depend on whether LINK can break through the $8.4-$8.95 long-term resistance zone.
Do's:
Consider setting stop-loss levels to manage risk effectively.
Regularly review and adjust your investment strategy based on changing market conditions.
Don'ts:
Don't invest more than you can afford to lose. Cryptocurrency investments carry significant risk.
Don't follow investment advice blindly. Always conduct your own analysis and research.
LINKUSDT - $12 Likely during 2023Hi Traders, Investors and Speculators of Charts📈📉
Chainlink ( LINKUSDT) has recently made some big increases and it seems like this altcoin isn't done yet.
The Technical Indicator in the Daily timeframe is extremely bullish; we see a bullish cross on the trendlines. From the weekly, we can clearly identify the market cycle of accumulation phase as being completed. In other words, we're at the foot of a new bullish cycle.
You may need some patience for the second target, but a first target of 8.8 is very reasonable for the short term.
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🔥 LINK: Will It Finally Break Out Through 1 Year Resistance?Over the last year, LINK has been trading very stable between ~5.5$ and ~9$. With the price currently around 8$, it begs the question whether we're going to break out this time, after several failed break outs.
Statistically, there's a small probability that we will actually break out. Therefore I'm going to wait for a daily candle to close above 10$ to confirm the break out. Stop just below 9$.
Seeing that LINK has been trading sideways (read: accumulating) for nearly a year, one would think that there's an explosive move on the horizon.
If we won't break through the resistance, I'll be looking for a short-entry, will update this signal by then.
LINK ChainLink Growth Thesis | Trading at 52 week low Chainlink (LINK) is currently displaying a bullish signal as it bounces from its last support level. This price action indicates renewed buying interest and suggests a potential upward movement for the cryptocurrency.
Chainlink (LINK) has established numerous partnerships across the blockchain and cryptocurrency ecosystem. Some notable collaborations include:
Google Cloud: Chainlink partnered with Google Cloud to integrate its oracle services and bring real-world data onto smart contracts deployed on the Google Cloud platform.
SWIFT: Chainlink collaborated with SWIFT, the global provider of secure financial messaging services, to explore how Chainlink's decentralized oracle network can enhance SWIFT's cross-border payments infrastructure.
Oracle: Chainlink has a strategic collaboration with Oracle, a leading provider of enterprise-grade software and cloud solutions. This partnership aims to integrate Chainlink's decentralized oracle technology into Oracle's Blockchain Platform, enabling secure and reliable connectivity between smart contracts and external data sources.
Binance: Chainlink partnered with Binance, one of the largest cryptocurrency exchanges globally, to support the development and growth of the decentralized finance (DeFi) ecosystem. This collaboration aims to provide secure and reliable data feeds to power various DeFi applications on the Binance Smart Chain.
Polkadot: Chainlink has integrated with Polkadot, a multi-chain platform that enables interoperability between different blockchains. This partnership allows Chainlink's oracles to provide off-chain data to smart contracts deployed on the Polkadot network.
Hedera Hashgraph: Chainlink collaborated with Hedera Hashgraph, a decentralized public network, to enable developers to leverage Chainlink's oracles for accessing real-world data on the Hedera network. This integration enhances the security and reliability of smart contracts built on Hedera Hashgraph.
Based on this analysis, there is a potential price target of $8.70 for LINK.
Looking forward to read your opinion about it!
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LINK will recover?
LINK has been consolidating in almost a year (May 2022). The price action seems to be a Wyckoff accumulation (Schematic 1) and a Spring/Test is under confirmation.
As a result, a trade set-up is as in chart. One can enter here (risky option) or wait for a successful retest (safer option).
Generally, it's important to consider also BTC moves for risk management of all other trades. In my opinion, BTC is facing a strong resistance at $30000.
LINK - Wyckoff Accumulation + Elliott WavesLink has been stuck in this range for an awful long time. In this count, it is labelled as a diagonal 5th + corrective wave 4; which could explain why we've been in this range for so long.
Looking for a pullback to test bottom support to take out range highs.
Link 20% Up or 10% Down?After a nice pump on bullish news for link it is setting itself up for another nice move to the upside if a bullish flag forms and brakes to the upside.
Fundementally the news of cross chain liquidity pools is in the works and has buyers bullish.
There is also a fairly nice fair value gap below that corresponds with the current uptrend and golden pocket retrace area. If BTC fails to hold its current levels many alts will also typically follow suit.
While there could always be a fake out which ever direction the consolidation brakes is typically the direction it continues to go.