link | concerning pa | potential reversal soonnoticed something slightly concerning regarding daily rsi.
last 4 times we tagged overbought has lead to serious downside. this move to OB has also been significantly weaker.
average downside post tag is 51.66%.
not necessarily saying that's exactly what will happen this time around as i think we still have a bit more upside we can get here.. but it's enough to pause and look for potential exits/shorts.
LINK
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link flipped the zone. look for dips | $8 tp1 $12 tp2link finally flipped our zone. looks great.
although an entry here likely is not ideal. we should be looking for dips to long.
if you zoom out, this is a nice bottoming range. should have tons of room to run up this year, if the market keeps pushing.
LINK USDT | kinda risky but profitable!Hello Traders,
LINK has a potential to give us some profits but It's important to note that this trade signal is considered risky due to the current market situation, so it is crucial to follow a risk management strategy and not to gamble with your money. It is also important to keep in mind that past performance does not guarantee future results, so be sure to do your own research and make your own decision when trading.
#LINK/USDT
🟢Entry price: 6.63 - 6.26
🎯Targets:
|> 7.00 (Sell 25%)
|> 7.7 (Sell 30%)
|> 8.6 (Sell 25%)
|> 9.3 (Sell 20%)
🔴Stop-loss: 5.7 (1D candle Close under it)
➡️Recommended risk: 0.25%
➡️Recommended Position Size : 2.5%
stay safe and trade safe
thank you!
Easiest 25% ETH gain The Link/ETH pair is currently in an oversold position and is due for a rally. The long-term trend remains bullish. This presents a great opportunity to buy the dip and capitalize on the upcoming rally as the market sentiment shifts. Furthermore, the fundamentals of the Chainlink project continue to be strong, with partnerships and collaborations being announced regularly and the usage of the Chainlink network on the rise, providing strong support for the value of the Link token. All of these factors point to a strong potential for a rebound in the Link/ETH pair in the near future.
LINKUSD: Should We Expect More Upside Movement? 🥹 | Jan. 13This week, we will stick to the 4-hour time frame to analyze the price action in detail.
The bulls seem to be in control after another strong week. After a strong rally last week, LINK was able to extend its gains to hit a new swing high of $7.1. We can see some consolidation happening now which was expected after the sharp rally that started earlier this month.
In our previous analysis at CoinMarketCap Alexandria, we had anticipated a move to $7.35 - it was almost achieved earlier this week.
The supply zone at $8.51 will become the new target once the resistance at $7.35 is regained. This view is only valid if the price can sustain itself over $7.35.
It is very important for the price to sustain over $6.30 right now, as a breakdown from this level could lead the price to $5.6.
Traders must still maintain caution by waiting for a reversal from the support at $6.30. If a reversal is seen, then the coming week may be more favorable for the bulls!
The important price levels for this week are $6.5 and $7.35!
Link in "bullish" mantra.Hello again, I do not forgot on Chainlink fans.
I will update this chart. It's good to have some Defi king in future bag.
Especially, when its CEO is one of few really suspicious as Bitcoin founder ( Satoshi ) ;- )
However Link is still in pure downtrend with some higher lows and highs.
potentially aiming to 382 Fibo in my mind, where would be bottom at the support of this channel.
Like Bitcoins, we should see some pivot ( maybe higher ) first. But without any guarantees.
This time, I like to focus on my target, as far it seems the same with BTC, ETH , etc...
I just can't find any imporatant high crypto margets above are at the moment...
I will believe later, when Chainlink hits 3 Dollar teritorry.
It is , how it is and would change in near future.
Always with care and ready,
Emvo.
*This is not any financial advice.
Link Analysis 😎#LINK/USDT
Chain link analysis
desired efficiency up to 100%
Considering the fall of the market, if the currency can break its downward trend line, it can advance to the desired goals
But if it doesn't break and goes down and crosses the red line, it means it's working for now...
Arrival time: 6.45
Goals: 7.83 - 9.48 - 12.7
Loss limit: 5.9
Follow us for other analysis ♥️
Trad_Hajamir
LINK Daily Outlook### 🌐 Chainlink **(LINK) $**6.508 **(+0.59%) - Bullish Outlook 🐂**
**LINK Overview:**
- ***Closest daily support zone: 6.823 - 6.754***
- ***Closest daily resistance zone: 6.899 - 6.982***
- ***Key Level: 7.7462 (Monthly Close of Jul. 2020)***
Congrats to those who got on the first ride. LINK is currently awaiting the next breakout which is around 7.27 based on various daily close points and fibonacci levels.
**LINK Daily Resistance zones**
1. 6.899 - 6.982
2. 7.077 - 6.270
3. 7.483 - 7.847
**LINK Daily Support zones**
1. 6.823 - 6.754
2. 6.614 - 6.455
3. 6.357 - 6.082
Chainlink UpdateChainlink was one of the coins I get wrong in 2022 , you can check out that invalided TA below :
Where does it leave it in 2023? , its been tricky placing Gann Fans and Trend based Fib time tools on LINK because the RSI hit multi times at the same level so did the price.
LINK hit 5.3 dollars five times over the last 252 days but never closed under , it seems to have a massive sell wall at 9.5 dollars . The pattern doesn't resemble any past price so been rather lost with this one. Price hasn't been moving like LINK normally moves in the past , it seems this price range has been very weird not very organic if you ask me.
I have set a trend fib time using elliott wave indicator tradingview has to offer and according to that wave C finished June 2022 so trend fib time is placed from Wave Count 5 to C.
Week of:
Monday 2nd January 2023 -0.5 Fib
Monday 13th February 2023 -0.618 Fib
Monday 18th March 2024 -1.618 Fib
The last date is the same week as the Bitcoin halving which is pretty interesting but time shall tell if these dates have pivots so far 0.5 has resulted in some action.
Looking the LINK/BTC dominance chart we can see that this level is very important , there is a lot of confluence in this area and holding support here would be great to see.
So to conclude not much to go on short term once we break 9.5 dollars and the 2/1 Gann Fan then will revisit.
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LINKUSDT 4HAs shown in the chart, we can expect a positive reaction to this level for the short term and on the 4-hour timeframe, considering support in the range from $6,007 where the MM200 is to $6,629 where the median of the Keltner channel is located. MM200 is considered a strong rebound support.
RSI flat on the ground, indicating a depletion of buying forces, confirm the bullish bias in the 4H time frame. The most immediate resistance is at the top of the Keltner Channel at $7.03 and after that comes the major resistance at $7,112. Piercing this slab then it only stops at $7,814.
A week with an American holiday and important government decisions. Activate your stops and watch out for leverage!
Here are the supports and resistances:
S: 6,629 / 6,007
R: 7.03 / 7.112 / 7.814
Although Chainlink's daily active addresses have been at fairly low levels for most of 2022, these levels have recently been high due to high network activity and it is bullish for the price in the longer term as increasing chain utility creates a more sustainable ground for the future.
Positive reactionFor LINK, we can expect a positive reaction to this level for the short-term and in the 4-hour timeframe, considering support in the range of $6.129 to $6.316. If candles and reversal patterns are seen in this area, the possibility of a retest of the $7 resistance level remains. But if this area does not react positively, the second range at $5.90-$6 can be considered a strong rebound support level.
LINKUSD: Will LINK extend its gains? | Jan. 13, 2023This week, we will stick to the 4-hour time frame to analyze the price action in detail!
After setting a new 52-week low earlier this month, LINK seems to have recovered significantly from the fall. It broke a very crucial support at $5.7, however, the bulls were quick to return to help push the price back above the demand zone. We can see strong momentum, and traders can expect the price to approach the upper resistance at $7.6 in the coming weeks if the momentum is maintained.
Once the resistance at $7.35 is reclaimed, we can see a clear path to the supply zone at $8.51. However, this view is only valid if the price is able to sustain above $7.35.
We might face some resistance at $6.5. Once this zone is cleared, a move to $7.35 looks almost certain!
Traders must still maintain caution by setting a stop-loss below the demand zone at $5.7. The coming week may be more favorable for the bulls!
The important price levels for this week are $6.5 and $7.35!
LINKUSD Swing SetupLINK has been trading in the range 5.5-9.5 for quite some time. There is no sign of breaking the pattern downward. And it is pretty safe to enter a trade here.
The plan is to buy at 5.5 and sell at 9.5, trade the range. In the worst-case scenario, LINK broke the $5 mark downward, and we take our losses and get out.
Entry: 5.5x-5.6x
Sl: 4.9x
Tp: 9.5
Remember, always trade at your own risk, and never risk more than you can afford to lose.
Link / btc Upward trend 545 days! Pivot points. Potential $The LINK coin has been moving in an uptrend for a year and a half !!! 545 days !!!
Since the inception of the uptrend, the coin has now grown by more than + 1000%.
This is one of the rare coins that goes against the market.
Now there is a correction to the uptrend line. Watch the line of the uptrend when the price approaches it.
It is very likely that a large ascending triangle will form inside a huge expanding triangle. The uptrend will be supported by the uptrend line.
Entrance three options from the development of events:
1) From the uptrend line, if confirmed.
2) On a breakthrough or rollback after a breakthrough of an ascending triangle if this formation is formed.
3) Entry into the short if the line of the uptrend, the price breaks and fixes under it.
Target.
All targets in three trading options on the chart.
If this formation of the ascending triangle is confirmed, the wave potential inside the ascending triangle is + 80%.
Also, the development of the potential of the ascending triangle if it is formed + 200% of the resistance. Or +280% of the uptrend line.
If the uptrend line is broken down and the price consolidates below it, then the potential for working to lower the price opens, as the coin grew by more than 1000% against the market in a year and a half.
Stop Loss.
Under key support levels during your entry into the market. But when setting Stop-Loss, consider the potential volatility of this tool.
BRIEFING Week #2 : First one of 2023 !Here's your weekly update ! Brought to you each weekend with years of track-record history..
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LINKUSD - POSSIBLE SCENARIO #2Just charting a couple different possible scenarios for Chainlink because I'm bored. This is similar to the one I previously posted but with less downside and a lower cycle top. Keep in mind I am not trading this or using this as a strategy whatsoever, just some random TA for me to practice with tbh