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Linkanalysis

LINK Making Gains On BTC!!?Chainlink on a weekly timeframe has broken out against BTC and we are looking bullish! Ontop of that good news we got some more amazing news from Sergey Nazarov, Chainlink staking is going to be released this year! Absolutely huge news and a big win for the LINK community, the people have been waiting years for this to happen, once the news comes out where staking is live i expect link to see some massive volume and likely a lot of FOMO! Our first test for Chainlink on the weekly is aprx 0.0005 BTC. Looking at the RSI we have broken nicely above the yellow SMA and we are heading to the upside where we will be approaching the very important midline, we gotta break up and above here and hold it for us to regain an uptrend, being below this level keeps us in a confirmed downtrend. The MACD looks good we seem to be coming out of a double bearish cycle with our histogram now right on the midline, the goal here for weekly close tonight is to print a strong green bar on the histogram and then afterwards continuing to print green bars that are increasing everytime, its also looking like we are going to see a bullish cross which is always a good thing and due to our previous 2 bearish cycles this next bullish one could be huge! Now the Wavetrend is sending off some bullish signals aswell, we have bottomed out and we are making a very healthy rounded curve for our reversal, keep in mind just on the daily chart this is a slow moving indicator that usually doesnt make sharp moves, on the weekly its even more powerful and slow moving, we could be in for a big bullish wave coming up soon, especially because we have seen quite the downside over the past months! Not financial advice just my opinion!
Long
by JacobR905
Chainlink Ready for Takeoff!!?Taking a look at the king of decentralized oracle networks.. LINK, i noticed we were making some nice progression to the upside from below our 0.2 FIB after breaking out beautifully out of the descending channel, we pushed all the way up and strongly closed above the 0.2 FIB, then as always BTC decided to crash the party (LINK marines joke) none the less Bitcoin has dragged down majority of strong cap coins including ethereum. We are still looking bullish on our daily timeframe here, we are trading inside of a bullish triangle that we have respected all the way through, this pattern historically plays out to the upside hence the bullish triangle name, now keep in mind this pattern can be invalidated if Bitcoin decides to keep falling in turn dragging the market down along with it. We could see this pattern continue to play out over the next week before we reach that apex point but if BTC can settle down i would be confident to say LINK will breakout sooner than a week. the bollinger bands look pretty good we are still in the upper half an the midline is bringing us support right below the bottom of this bull triangle, we almost had multiple closes right ontop of the top band which couldve sent us flying to the upside, but the goal for us now would be too hold this triangle and bounce to the upside where we have that chance of grabbing the top band. On the RSI we are looking a lot better than majority of large cap coins, we had a push up and above the important midline and if BTC didn't drop we would likely be looking at another confirmed uptrend, the good sign is that we are fast approaching the yellow SMA support line where would could definitely see a bounce! The squeeze momentum indicator looks good we are on our 4th increased green bar which points to a bullish squeeze, the only problem here is that it is likely we are going to see a decreased green candle after our daily close, this could invalidate the current bull squeeze but we will still have chance to make an increased green bar the following day, this will be crucial for returning to our bullish squeeze and then eventually the squeeze release which could send price action flying!
COINBASE:LINKUSDLong
by JacobR905
Linkchain overview shortterm/midtermWell Link made some bounce back from the dip that happened on 5/6 december. It has established since 6 december a upward channel but it did broke out from it, but despite that it still may jump up. We have 0.618 fibo under our legs and also local support. MACD is heading towards a cross so we may get a nice upwards movement. Still we need to have in mind another scenario which simply will happen if we will break down this local support and fall below 0.61 fibonacci retracement. I'm currently without position, just watching. This is not a financial advice, I'm just sharing my personal view.
by BeaT16
LINK uppdate So so so. Our Link is still in buying zone, and this presents a great opportunity. Remember, it always comes with a risk, so stop loss is always in place (mine at 18 dollars). Link has painted one of the clearest examples of the Elliott Triangle, which is almost always found in wave four correction. Why is this pattern so interesting? Because it has significant market psychology insights, as shown in the chart at point E, which is the climax of the triangle, most of the market participants are exhausted. There is a lot of bearish sentiment, with investors expecting lower prices. However, if the investors would pay attention to the chart and fundamentals, it would realise that FA is still strong and intact with some bullish news coming out, but more importantly, a higher low is in place with dry volume on the selling. This suggest seller are exhausted. Indeed the name of these moves is exhaustion moves. In this case, sellers are exhausted trying to push prices lower, and the buyers are free to step in and move the prices higher with little struggle. You can also appreciate the Elliott wave channel, which gives us the targets for wave 5. TP1 = target constructed from price pattern completion TP2 = major profit taking area with possible top formation from Fibonacci extension with golden ratio TP3 = Final target profit from fibonacci extension 0.618 (most common target for end of wave 5). It is little to say that momentum indicators all flags LINK as oversold with few bullish divergences forming. The fact that it feels uncomfortable to buy in this area with a lot of negativity reinforces the bullish hypothesis. The best trades are in painful emotional states in the market (extreme fear and extreme greed). P.S. I bought some link to my GF for XMAS. FOLLOW ME, SHARE, LIKE AND COMMENT
Long
by CFcryptoTA
3
LINK very attractive Link is sitting on the 200MA support, and I believe it should start the next leg up now. It has just concluded a minor wave 1 of intermediate wave3. The most volatile leg is about to come. If there is any dip here (unlikely), the target is 23.76 and will be a huge buy opportunity as it will be right on a 2 years support trendline. Nevertheless, the next leg after this current correction will be a powerful move With different targets, as you can see here. Down on the right, you can see how market and wave cycles move, as I know some of you may think, oh, but you said 200 dollars next leg. However, when I give you a target, those are not reached straight away. But instead, it takes time and price volatility in between.
Long
by CFcryptoTA
11
LINK - LONG (it broke out the ascending triangle and retested)LINK has been pretty quiet for a long long time. It has very strong fundamentals; that's why it should react to all these positive things happening to it. Link has been recently attracted much attention. Many influencers have started to talk about Link and its strong fundamentals. They say it's currently undervalued and I would agree. It's time for Link to stand up and show its power. Link has recently broken out of an ascending triangle and just retested the line. I hope you managed to buy some near 33-34 and got prepared for THE RALLY .... IMHO, it can go up to 44.0, and then we will see a small correction. See you in 44.0!
Long
by Golestani3000
2
Chainlink Ready For a Breakout!!Chainlink has been moving to the upside very solid since late september, we have been respecting for the most part this ascending channel and we are now looking like we are ready for a breakout of this bullish triangle, we are pushing slightly above the top of the triangle which is also the 0.5 FIB level, a daily close above here will be very bullish for LINK and will likely lead to some big bull momentum and also opens the door for the 0.6 FIB level at aprx 38$ (USD) Another thing to realize is that if we do successfully breakout of this bull triangle and the 0.5 FIB price action will be landing ontop of the top band coming from the bollinger bands, and this will add a tremendous amount of bullish momentum, especially if we could grab onto that top band and take it for a nice ride to the upside. if this plays out we will surely push upto that 0.6 FIB in no time, plus we shouldn't have a hard time shredding through this level. Next up the MACD we have gotten a very nice bounce after what most people wouldv'e expected to be a bearish cross! We could be setting up to go on another bullish cycle on the MACD, we are already seeing some positives here, the Blue MA is ticking to the upside while the orange stays pretty stagnant, we want to see this continue with us spreading out more and more lessening that chance of a bear cross, aswell on the histogram we are seeing a nice daily green bar with a pretty good growth start, we gotta see this continue making bigger bars each day increasing the bull momentum, if we dont see these increases a bear cross is likely. Now the RMI, this indicator signals reversals (potential), we were seeing a down trailing blue MA looking like we were going to see a bearish reversal but just like the MACD we saw a much needed bounce and now the Blue is ticking to the upside moving away from the orange which is key, also keep in mind we could see a short term reversal once we start running up just allowing for some cooldown which is never a bad thing! Not financial advice just my opinion!
COINBASE:LINKUSDLong
by JacobR905
Link Looking for a Breakout!!Chainlink has been starting to push up once again off of our lows at almost 21$(USD) we are seeing a strong push upwards within a bullish triangle and we are seeing a strong hold on our bottom support of this triangle. Slightly above the top side of the bullish triangle we have been getting rejected off of the pivot point, we have had a total of 10 wicks and touches on this level and hopefully we can see some volume soon and see a final push above here. Regaining the pivot point is absolutely key for LINK like in the name it is a reversal point where we would likely see a nice rally off of, I think this outcome is pretty likely and due to the fact that we are currently in a bullish triangle which historically plays out to the upside so if we do see a break to the upside it could be an explosive one! Now keep in mind with BTC dominance still rising Bitcoin could ruin the party once again for the altcoins so that is always something to keep a close eye on! Looking at the bollinger bands we are sitting directly ontop of the midline which is currently support, and we definitely want to see a hold above here for daily close tonight and keep this level as support, the last thing we need is heavy resistance just above the bottom of the triangle. Checking out the RSI we are currently right on the midline and we are looking for a bounce here, we want to stay above this level not just because it keeps support but being above the midline confirms we are in or staying in an uptrend. If by chance we do break below here we have uptrend support coming from previous bottoms and there is a high chance we would see a nice bounce off of here, likely sending us back above the midline to hold onto this uptrend! Like i said before we always have to be mindful of BTC and what Bitcoin is doing because as you guys know if BTC takes a little fall the rest of the market for a majority follows, same thing if we see BTC dominance push higher we could also see the altcoins bleed a bit, but if we see BTC.D fall we can expect altcoins to start to breakout! Not financial advice just my opinion!!
COINBASE:LINKUSDLong
by JacobR905
1
LINK/USDT 4HOUR UPDATE Welcome to this quick  link/usdt analysis.        I have tried my best to bring the best possible outcome me in this chart. Reason of trade :-  link/usdt is creating this triangle pattern is our given entry can also leverage 2x to 5x most important stoploss Entry:- 26$,26.70$ Traget:- T1:- 27.22$, T2:- 28.00$ T3:- 29.00$ Stoploss:- 25.45$ Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Happy trading. Sorry for my english it is not my native languages.       Do hit the like button if you like it and share your charts in the comments section. Thank you...
Long
by CryptoSanders9563
1
Link 1D Global forecast for several months, but must be read)Today we bring to your attention an overview of the LINKUSDT pair and possible scenarios for the future. After the $53 high, there was a crypto market drain in May, which plummeted the LINK price by -70% to $15.00 . The strait was so strong that the previous high of about $20 didn’t even stop the price drop. In June 2021, a drop confirmed that there is a group of buyers willing to buy LINK at $15.00. In recent days, sellers pushed the price of LINKUSD below $15.00 to $13.50, but this happened on weak volumes. That is, the stops of those who gained $15.00 were not affected. Or at $15 was bought by investors who enter the position with a grid from strong levels and without stops, with expectations that there is a strong growth ahead? For this assumption to be confirmed, buyers should not let the price drop below $12-13. It is there that the intersection of a strong level and a dynamic channel is located, from which, according to history, growth began earlier. The growth path can be of two types: 1) Recoilless (white) with top target about $34 2) With corrections (blue): $13 — ($18.5-19.50) — $14 — ($24.50-26) Here it will be necessary to follow the market, what dynamics it will move If the BTC price continues to drop below $28,000, then it is very doubtful that the Linkchain token price will be kept in the $ 12-13 zone. Below this zone, the target for long buying is $8.20-8.80 _______________________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
37