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Linkanalysis

LINK READY TO EXPLODE!!!Chainlink has been showing tons of strength recently outperforming tons of projects and we have taken out some key levels that we're very needed, before we jump into this always remember BTC is a huge factor when it comes to the rest of the market and can easily void this TA. First looking at the pivot points as you can see we have sliced right through R1 resistance and the 0.3 FIB level, a close above both of these levels would be absolutely key for us and would give a lot of momentum to the bulls. Next looking at the SMA's, we have crossed a very very important level which is the purple 200 day SMA which is the most powerful and slowest mover, a close above here will add to all this bullish momentum and we will no longer have any SMA resistance and they will all be support levels which is key for our overall structure and for cushions when we start to run up hard. Now the bollinger bands are looking super bullish we notice our current price action is hugging the top band and if we see this continue you guys know what the likely outcome is... a huge run up most likely to that 0.5 FIB level, also the higher we push on the bollinger bands the higher our midline support level will become, a very key and ideal situation would be for our midline to come up all the way above the 100 day SMA, 200 day SMA,R1 resistance and finally the 0.3 FIB level, this will be key due to the fact that the bollinger band midline will be another cushion of support for us, and i don't think this is far off because of how grouped together all these key levels are. Overall what im looking for here is a close above the r1 resistance, 200 day SMA and the 0.3 FIB, if all of these confirm close above we are looking extremely bullish, also watching those bollinger bands and the run up on that top band. Not financial advice just my opinion!
COINBASE:LINKUSDLong
by JacobR905
LINK READY FOR A HUGE RUN!Chaiinlink has been pretty on par with ethereum recently both showing their great strength, if we close today as a green candle we will have 15 green candles in a row which is pretty incredible! Thats over 2 weeks, we are currently getting stuck on the previous pivot point to the left side, we have passed the pivot point below and we have continued to hold the 0.2 FIB level! Looking at the EMA ribbons which i gotta say are very slow movers but however, we are now starting to see the ribbons starting to twist which is good in our case, they are currently bearish and we want to see the green ribbons flip all the way to on top, that way we are going to full have bullish momentum, i feel like we may see the EMA ribbons fully flip when the crypto market is overall back in the bull cycle. The wavetrend oscillator is almost in the sell zone which means we could see a bit of a cool off soon in the coming days, i think we are going to see a little bit of a cooloff i gotta say, it is pretty due, doesn't have to be a big one at all we could just see a day or two of sideways movement, the most i can see us going back to test is the pivot point below us but i think a test of the 0.2 FIB is also likely before we again start to climb upwards, very bullish on link short term and especially long term! Not financial advice just my opinion!
COINBASE:LINKUSD
by JacobR905
Link on Fire!!Chainlink has been performing absolutely incredible over the past month being up 30% and 40% on the week! Even while BTC is down, this truly shows the strength of chainlink and how powerful it can be! We are looking very very bullish as we quickly regained our Long term trend line spanning back from march 2020, we have gone on a beauty run up and now are currently looking at 0.2 FIB resistance. If we can get a daily close above here tonight that would look incredibly bullish, but even if we don't we look great! Looking at the pivot points, this is huge we blew past the bullish pivot point which can give us an overall trend reversal to the upside, we need to hold this pivot point for daily close which i would say is an easy bet. Keeping this level is overall bullish for chainlink longer term. Checking out the bollinger bands we saw a big run up along the top of the bands which as i always say is super bullish, we could be due for a little cooloff for a day or so but i think even after that we could see price action start to hop back on that top band and continue our strides upwards, The key here is that we have midline support on the bollinger bands but once we start going up again we get that midline above the bullish pivot point which woud give us that added layer of "protection". Now the RSI does look very great but we have entered the overbought zone so we could be due for a little pullback, but what interests me even more is that we have sliced right through that midline of the RSI, and that is huge because if we continue to hold it we will be in a confirmed uptrend, and since we have been in a downtrend since may i think we are due for a longer spanning confirmed uptrend, but remember holding that middle line is absolutely key! Not financial advice just my opinion!
COINBASE:LINKUSDLong
by JacobR905
4
Chainlink (LINK) - 4h. The target of $40-41 remains relevantThe breakdown of the downward consolidation triangle in the BTC market certainly affected the entire crypto market. However, does this fact mean that a new wave of decline has begun and the cryptocurrency market is facing a new phase of depression? Looking at the LINK price , we can see that buyers have managed to maintain the liquid range that we wrote about in the previous idea: As you can see, the LINKUSDT price has already bounced twice from the liquid range of $22-24. In addition, sellers have already tested this range at low volumes twice. These facts give us information that: - consolidation on the LINKUSD market is not complete - a new local wave of growth should be expected with the target of $30-31. However, if you look at the LINKBTC price chart, you can see a great growth prospect: Please note that sellers do not try to push the price down at all on the 3-day timeframe. This is clearly seen in the low trading volumes. Given Chainlink's low selling interest and buyers' control of important price zones, the range of $30-31 will be the first target for buyers. The global target is at $40 ____________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
24
LINK ABOUT TO BLOW!Update for Links inverse head and shoulders pattern, we have smashed through the 0.5 FIB level and now today we are looking to hold this level for our daily close. A close above the 0.5 could send link flying due to us also breaking out of this wedge resistance! This will be a very close daily close for us by the looks of it, so keep your eyes open and watching. Also keep in mind BTC will drag or pump the market depending on where bitcoins price goes. The RSI bounced off the 50. point and we need to see a confirmed break above this to see a full scale uptrend. I think this is very likely in the coming days as we are getting indication from the MACD of Bullish momentum, we see the indicator threw out a buy signal and we are seeing a potential bullish cross of the MA's (Blue ontop of orange) With that we notice a long overdue green bar on the histogram which is bullish. I got a feeling alt coins are mostly all on the verge of a big breakout in the coming days, all indicators and technicals are giving that hint just even comparing the indicators with XRP on my last TA, Big moves ahead guys! Not financial advice just my opinion!
COINBASE:LINKUSDLong
by JacobR905
Link Inverse Head & Shoulders!Chainlink is looking great on the 4 HR timeframe and has created an inverse head and shoulders pattern aswell as coming upto the apex point this wedge! This pattern is very bullish and we can expect over the next few days some really nice movement upwards, keep in mind BTC will drag down or push up the market in most cases. We are holding up on this triangular support and i expect price action for the most part to respect this pattern and stick to the support. We could see a break of the 0.5 Fib level, as we have tested it multiple times before. Also we could see a drop to the 0.6 Fib and then see a bounce up but i don't think that is as likely. The RSI bounced off the 50. point line and is now starting to curl back up! We need to see a full break of this level then we can expect very bullish movement with a confirmed uptrend! We see the red MACD lead curling downwards but the blue and orange MA's still arent crossing bearish but that could happen and that ties in with the falling to the 0.6 FIB. We did see a close call with them almost flipping, but held strong and continued up. Overall in the near future im very bullish on the whole market but especially chainlink, ETH and DEFI. Not financial advice just my opinion
COINBASE:LINKUSDLong
by JacobR905
3
Chainlink looking very bullish!Link has performed very well after the "bottom" a couple days ago, we are sitting right on the 0.6 Fib level and aswell moved above the 200 day MA! Tonight will be a big close for link i would really like to see us hold this 0.6 Fib and 200 day MA, then i think we got a good chance of moving higher, but right not everything is riding on BTC with the market generally following Bitcoins moves. We found some down slopping support on the RSI and now we're seeing a little bit of a come down right around the oversold area. We gotta see a move up above the 50. point on the RSI to get that confirmed uptrend! Zero Lag MACD looks very bullish with our red lead flying upwards with our blue and orange flipping very recently to bullish, we want to see our Blue MA stay ontop of the orange and start to spread out to really start seeing some bullish momentum!! Not financial advice just my opinion!
COINBASE:LINKUSDLong
by JacobR905
2
Link Ready To Explode!!Chainlink was cruising at ATH's about a week ago and has since been feeling this market correction, good news though Link has found very strong support, both uptrend support and accumulation support. The important thing is Link continues to make higher lows on a longer TF. I am bullish on Link, Defi and altcoins. We also have good support coming from the RSI higher lows aswell, would be very key to see a push above the 50. point like we saw on the second highest low, just below the 50. then we shoot back up. Now saying that remember everyone is watching BTC as the market will follow. The MACD i think is starting to look very bullish with the red lead bottoming out and slowly curving back up, and the blue MA is getting closer to the orange, hoping to see a bullish flip and a big swing up. Also the ascending channel looks very familiar to what we saw April 15 Aprx. Big swing down out of the channel creating a higher low and finding support then to afterwards shoot back up creating a new ATH! Not financial advice just my opinion! Also check out my NFT work on rarible, have a fire artists album cover dropping soon! rarible.com
COINBASE:LINKUSDLong
by JacobR905
1
LINK - 6h. The target of $50 becomes real again!The LINK market reacted quite confidently to the recent outburst of BTCUSDT during February 22-23. In fact, from April 14, the BTC market began a local downward trend . During this time, BTC sellers managed to update local minimums 3 times: April 17 and April 23. However, if on April 17 the LINKUSDT market felt strong turbulence, then on April 23 Chainlink buyers did not allow the price to renew the previous local low of $28.8: In the chart, we can see that LINK looked much stronger in the last week of trading than BTC. Given the steady decline in the dominance and influence of BTC on the cryptocurrency market, this fact is understandable. In our previous global idea, we had two main scenarios for the LINK price movement. Taking into account the behavior of buyers during the recent events in the crypto market, we can conclude that the white scenario (the scenario of the continuation of the LINK price growth to $50 ) is more likely: The critical point of this scenario is in the range of $31.4-32.6. Having lost this range, buyers will also lose the local trend line. In this case, buyers will be forced to retreat to the range of $24-25. At the moment, the price is trying to gain a foothold above the range of $34-35. It is the confident consolidation above this range that will give buyers confidence to continue the growth of the LINKUSD price and test $50 . Given the high probability of another local fall wave in the BTC market, we are in no hurry to buy LINK now. Moreover, after a few days, the monthly candle closes. And at a time like this, there are always surprises. ____________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
20
LINK -6h. Target reached - we are waiting for correctionSince the end of April, the LINK market has revived significantly and has begun to bring only positive emotions for investors. In 2 weeks, buyers managed to raise the LINKUSDT price by 75% and fill the upper trend line of the white channel. We wrote about this growth channel in our previous idea: If you look at our previous idea, you will see that buyers succeeded in testing our target of $50. However, the LINKUSD price started a wave of growth without testing the strength of the range of $40-42 . This range was the range of the previous all-time high, where a lot of liquidity gathered. We can see this in more detail by examining the trades on May 4, when buyers managed to break through this liquid zone: Above the range of $40-42, buyers did not find it easier to push the price up. Sensing strong resistance in the chainlink market, buyers formed a consolidation that continues to this day. In our subjective opinion , this consolidation is more likely to break down to the range of $ 40-42. It is in this zone that we will understand whether there are still ambitions for this coin among buyers and whether there is a chance for a continuation of the growth wave and a repetition of the successful growth of ETH. While BTC's dominance continues to fall , Bitcoin continues to impact the crypto market, especially when it begins to correct. Looking at the BTCUSDT chart, one gets the impression that in the near future we are expecting at least a local wave of falling into the $54,000 range: This scenario increases the likelihood of a local correction in the LINK market and testing buyers for strength. ______________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
19