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Linkanalysis

LINK Weekly Analysis - Are we about to Reverse to the Downside?Chainlink had a fantastic breakout of the Weekly 200EMA closing two weekly candles above it. We're about to close a third bullish weekly candle in a row, so should we long at this level? Not so fast! As a trend continues your probability of profit increases in that direction, but that's in exchange for greater risk because your stop loss must be placed under the bull bars. Eventually, that formula is no longer sustainable because more traders stop entering as the risk grows and the trend reverses. In this case, a tight stop placement would be at $7.00, and a riskier but still reasonable stop placement would be at $9.00 just below the 200EMA. The current price is almost at $16.00, longing here would give you at best a 2:1 Risk/Reward Ratio, which is a fine scalp but given the following key points, I would wait. Key Points 1. Strong bounce off of Weekly Support led to a bull breakout! 2. Price is in contact with a Weekly Resistance Zone 3. Bitcoin as a leading indicator, has not confirmed its breakout of Weekly Resistance 4. RSI is overbought. Wait for a pullback to enter Long. I believe we need more price action before we can long, but I would also not short until we see a reversal bar closing on or near its low. You are solely responsible for your trades, trade at your own risk! Let us know what you think in the comment section below!
by TraderEngineering
ChainLink Link price does not dare rise, which can be impressiveThe 420th day of a long and protracted consolidation in the wide price range of $5-9 LINKUSDT has passed Both shorts and longs are gaining positions in consolidations. Given that almost everyone has theoretically agreed that the "bottom of the cryptocurrency market in 2023" has already been reached, we can assume that someone is buying enough Link to last their grandchildren.) Also, "old" altcoins have been growing well lately: BCH, LTC, XLM, XMR, etc. and the generation of altcoins in 2019-2020 also grew +30-50% in 2 weeks. Maybe it's time for the Chainlink token price to start an upward trend? Perhaps, but when it will happen is a mystery... Maybe you know the answer to this question, then write in the comments. However, we have estimated the goals where LINK sales will take place in the medium term: $12.50 - $15 - $17.50 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
46
Chainlink LINK long medium-term trade #19And we continue our series of potential medium-term trades. For the past year and a half, the LINKUSDT price has been trading in a wide range of $5-9. During this time, buyers have made 6 attempts to break through and gain a foothold above $9 , but all in vain. Perhaps they will succeed the 7th time?) Given the fact that in the previous few weeks, LINK buyers have been showing considerable strength and pushing the price up, we are ready to buy LINKUSDT long on the following conditions: Entry: in the range of $6.60-6.90 (an average price of $6.75 is desirable) Stop: $6.049 (-10.4%) Take profit: $11.84 (+75.4%) P/L ratio: 7.26 We allocate $10,000 for LINKUSDT trade, in the event of a mistake, we will lose $1040. If the trade will be a success, we will receive a profit of $7540
Long
by P_S_trade
21
LINK/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this LINK/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Chainlink (LINK) was one of Tuesday’s biggest movers, as the price surged by as much as 4% during the session. LINK/USD hit an intraday peak of 7.42 earlier in the day, following a low of 7.00 to start the week. Yesterday’s bottom was also a long-term support point, with bulls choosing to reject a breakout on this occasion. This comes as the 14-day relative strength index (RSI) continued to move away from a floor at the 48.00 mark. price strength is tracking at 52.20, close to a resistance zone of 53.00. In the event this level is breached, there is a strong possibility that LINK could move towards 7.50. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
Long
by CryptoSanders9563
LINK /USDT Bullish Divergence,High Demand and Potential Bull Run💎 There is a bullish divergence in the MACD indicator. This discrepancy suggests a weakening of the downtrend momentum and a possible trend reversal. 💎 We have seen a break of structure following the previous downtrend. This break indicates a shift in market sentiment, potentially leading to a bullish phase. 💎The current price of LINK is situated within a high demand zone. The combination of bullish divergence in the MACD, a break of structure, and the presence of a high demand zone suggests an increased likelihood of an upward movement in the price of LINK. Disclaimer: This is Not Financial Advice ❗️ Trade at Your Own Risk ⚠️
Long
by MyCryptoParadise_Simon
2
LINK/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this LINK/USD update by CRYPTO SANDERS. CHART ANALYSIS:-chainlink (LINK) rebounded from Thursday’s losses in today’s session, with the token climbing by as much as 5% Following a low of $7.17 yesterday, LINK/USD raced to an intraday high of $7.65 on Friday. As a result of the rally, chainlink once again moved above its long-term resistance at $7.55, hitting a one-week high in the process. Looking at the chart, today’s breakout coincided with the RSI climbing past a ceiling of its own at 55.00 As of writing, the index is tracking at 57.54, which is marginally below a higher hurdle of 58.00 points. Should bulls move beyond this point, then there is a good chance that LINK will move toward $8.00. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
3
LINK - The Bearer of Bad News & Great NewsLink has been hovering around the 0.382 fib retracement for quite a while, tested it 3 times, i never trust the 4th nor the 5th test on a support line. "Stop talking gibberish and give us the bad news nah" Bad Nus: $LINK will go down another 80%-90% :D before this bear market is over. Great Nus: $LINK will be a $1k-$2k token at the peak of the next Bull Run. - Weekly MACD (Bearish) - Weekly Pekipek's Divergence BETA (Bearish) - Weekly RSI (Neutral) - Weekly Stochastic RSI (Neutral) - Weekly Cipher (Bearish) - Weekly OBV (Bearish wtf OBV r u in distribution mode?)
BINANCE:LINKUSDShort
by ankhramsiswmriimn
15
The ChainLink LINK price is preparing for a good growthToday, we will consider the LINKUSDT price chart on the 3-day time frame For the last six months, the LINKUSD price has been in a wide consolidation range of $5.50 - 9 Trading volumes in the range show that buying prevails, and therefore we can conclude that the "big player" is gaining long positions. If in the coming days, the LINK price does not fall below $6, then in our opinion this is a signal for strong long. The first task of buyers is to break out of this consolidation upwards, that is, to confidently consolidate above $9. In the medium term , we see the following targets for the growth of the ChainLink token price: $12.50 - $14.80 - $17.50 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
28
LINKUSD: Was It a Fake Bullish Breakout? 😱 | Nov. 25, 2022This week, we will stick to the 4-hour time frame to analyze the price action in detail! It seems like a false bullish breakout was seen earlier this week following which a strong rally was witnessed. Seems like the price will soon approach the next resistance situated at $7.35. If the resistance is reclaimed by the bulls, traders can expect a strong rally in the coming week. 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 once the price is able to sustain above $7.35. Traders must maintain caution of the demand zone at $6 because if this zone is broken once again, a sharp fall could be seen. At the time of writing, it looks like we may see a small pullback as the RSI has started falling. Expect the price to test the support at $6.3 before continuing the rally. The important price levels for this week are $6.3 and $7.35!
by CoinMarketCap
2
LINK Is Trading Too Close to Support! What's Next? 😨 Nov. 18In our previous analysis, we ascertained if the support at $7.5 is taken out, the price will test the last standing support at $6.2. At the time of writing, LINK is trading dangerously close to the support at $6.2, and it looks like a breakdown could be seen soon. If this support is broken, traders can expect the price to collapse to $5.2, which is the 52-week low. Therefore, traders should proceed with caution until LINK is able to reclaim the resistance at $6.5.
by CoinMarketCap
1
#Chainlink is up 20% in 5 months, will LINK drop below $5.5?Past Performance of Chainlink Chainlink prices have been edging higher after losses of June 2022. As an illustration, the token is up 20 percent from June 202 lows at press time. Despite the confidence, sellers have been resilient and unwinding all attempts of higher highs, per the development in the daily chart. In the days ahead, how prices react, especially at $5.5, would shape the medium to long-term trajectory of LINK. #Chainlink Technical Analysis There are attempts at higher highs in the LINKUSDT price action, visible in the daily chart. At spot rates, LINK prices are steady and within the November 9 bear candlestick. Overall, LINK is within a bear breakout formation, slumping below the multi-week trend line connecting monthly lows from June through to October 2022. The November 8 and 9 bull bars are also engulfing, cementing the preview of sellers. Per the candlestick arrangement in the daily chart, sellers can double down, targeting $5.5 whenever there are weak attempts to retest November 9 highs at $7.8. Buyers will only be in control if there are sharp, high-volume gains above $7.3 and, ideally, $9.3. If not, losses below the current consolidation at $5.5 may see LINK drop to $4.5, even lower. What to Expect from #LINK? LINK bears are in control, taking charge from an effort versus result perspective. The immediate resistance line is $7.3, while the support is $5.5. As bars band along the lower BB, Chainlink might likely register new 2022 lows. Resistance level to watch out for: $7.3 Support Level to watch out for: $5.5 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
Link in the few channel!🧐The Link is located in several ascending channels in different time frames. which means that to create a strong upward trend, it is necessary that two or three channels are aligned and at the same angle, or price break and pass two price resistances zone in the chart (in different time frames). In short, an upward movement is forecasted for the Link coin, but it is accompanied by small waves (micro descending channels). Chainlink ( LINK ) -------------------------------------------------------------- Please write any advice or suggestions. Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions. Thanks for your attention
by Arash-RK