LINK - 4h. Buyers get ready to test $33-34Our previous LINK idea , in which we expected a correction, worked out pretty quickly. The sellers turned out to be much stronger than we expected. Our ultimate target of about $21 was achieved by the sellers almost immediately after the idea was published. We expected a smoother correction.
As you can see in the chart dated February 23, buyers are trying to organize a new upward trend. LINK price moves in a white channel. The first critical point for buyers is at $31.4. Notice how the LINK price from February 13 to February 18 tried to gain a foothold above this level. In addition, note that it was the mark of $31.4 that became the main support of the sellers. After retesting this mark on February 23rd, sellers continued their sharp decline with an ultimate target of $20.81
If buyers fail to gain a foothold above this mark the first time , we will expect a r etest of the range of $27.3-28.3 . It is after the buyers have tested the strength in this range that the LINKUSDT price may continue to rise to the range of $34-35.
And then we will look forward to the reaction of the sellers. Correction in the LINKUSD market is not over yet and there is a high probability of another $17 to be tested . However, these are already medium-term targets, according to which the global idea will be made.
P.S. Why is there such a possibility? Check out our global BTC idea:
Linkanalysis
LINK - 4h. Under what conditions the price will fall by $20?Let's start with the fact that our previous idea has fully worked out.
The wave of growth from December 23 is under serious threat. Buyers for 2 months confidently kept the price of LINK. Starting from February 7, the LINKUSDT price began to interact closely with the black trend line. In addition, local highs are not as aggressively updated as, for example, in the period from 6 to 23 January. This is a sign of weakness of buyers .
After an unsuccessful attempt by buyers to consolidate above the liquid range of $34-35 , sellers took the initiative. At the moment, sellers have managed to break the trend line, which buyers kept for 2 months:
If buyers can keep the price in the local range of $30.6-31.2, we will expect a price rebound to $34-35. That's when it becomes clear what to expect from LINKUSD.
Keeping this range, sellers will continue to drop prices to $27.5. From this point, buyers will still be able to try to continue the growth trend.
The negative scenario will take effect if buyers do not keep $27.5. in this case, the price will fall sharply to $20.
Therefore, we expect a rebound for a medium-term decision.
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LINKsome news will break soon I can feel it, then LINK breaks $48 super trend starts strong buy on weekly and we will teleport to $130.
LINK - 4h. The previous target of $28-29 is relevantAfter a strong corrective wave of fall, which began on January 25 in the LINK market, the price moved to local consolidation. Sellers managed to lower the price below the trend line, but this did not result in a sharp drop in prices. As a result, the growth trend in the LINKUSDT market has changed its angle .
Buyers are now trying to consolidate above the range of $24-24.5 . Successful consolidation of buyers above this range will open the way for buyers to the range of $28-29. We wrote about this goal in our previous LINK idea :
An alternative scenario will take effect if sellers can lower the LINK price below $24-24.5. In this case, we will expect the price to fall to the bottom trend line of the growth channel (mark $22.7)
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LINK - 4h. Local growth by 30%.A good prospect is emerging in the LINK market. After updating the local high on January 23, buyers failed to keep the range of $22.3-23.2 .
What is interesting about this range? It is in this liquid zone that sellers were able to stop the growth of the LINKUSDT price on January 16 and organize a correction with a target of $17.12. Therefore, keeping buyers in this range will prove their strength and ambition to continue to grow LINK with the first short-term target of $28-29.
At the moment, sellers are unable to control the critical range of $22.3-23.2. In addition, on January 27, the Chainlink market showed strength , not reacting strongly to the fall in the price of BTC
If the price of bitcoin approached the previous local low, LINK buyers did not allow such a luxury.
Given the high probability of completion of the BTC price correction and continued growth to $38000 -40000 , LINK market growth is very likely.
An alternative scenario will take effect after fixing the price below $22.3-23.2 . In this case, we will expect to retest the range of $17-18
P.S. here is our global idea on the linkusdt:
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LINK 12h ATH was updated, will it go higher or have enough?To your attention LinkUSDT, which recently updated the absolute high of trades.
Unsurprisingly, this coin has collected almost the most votes in our weekly digest to analyze it . We promised - we are doing , by the way, you still have the opportunity to offer your options for analysis.
It is difficult for LINKUSD the process of fixing at the top of the channel.
In order for the growth to continue , the LINKUSDT price needs to fix above the level of $25.25. If this happens, we can safely long to the next level $29.84.
In the event that sellers remember that they also have a right to exist in the market, and activate sales, the level of $25.25 will be protected.
Sharp sells can be tricky as LINK trades with the opportunity to use the large leverage across multiple platforms. Stop and liquidation triggers can easily push the price down to $20 or even to $17.20.
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LINK-4h. The critical point is $ $22.3-22.8 and falling to $17.Three attempts to break the range of $22.3-22.8 , which buyers made in the period from 16 to 19 January did not work . It was this range that did not allow the LINK price to accelerate the trend and gain a kept above the white growth channel.
Thus, the LINK market has stopped consolidating, and now the price is trying to re-test the range of $22.3-22.8.
On January 19, low-volume buyers tried to take control of the range. However, the attack ended in a failed high and a local prices reversal. If this scenario is repeated and buyers do not increase aggression - the $20.3 mark will be threatened.
Having lost it, buyers will be forced to retreat to the range of $17-18. Globally, the correction can be much deeper. Check out our global LINK idea:
If Buyers can take contro l of the range of $22.3-22.8 - after fixing the price, the next target is $28.5.
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ChainLink : Target of $ 80 As you can see in the chart, the uptrend continues in wave 3, from the sub-waves of the 3rd wave, the price is in the wave of 5. The targets of this uptrend could be initially $ 37 and in continuation $ 80, when the 5th wave from point 3 ends. In many analyzes, the target price of $ 700 for this token has been seen. But I personally think the highest target level which forms at the end of Wave 5 could be in the $ 225 range, which is the target for a very long term.
Stinky Link to Break ATH?! $20 and beyond...!Link, one of the most highly regarded coins in the DeFi space is closing in on its ATH
$20 and a few cents is the ATH, on Binance
If BTC doesn't have a shake, then this should be broke soon, when I will update further targets
Expect a little pullback here due to the SR level from the previous run, then to push through
If it does, it might be the first 'well-known' coin to break it's own ATH after BTC broke that 20K level some weeks ago now
LINK-4h. The critical point $12.7-13.The new growth trend of the LINK market , which started on December 24, is now being tested for strength. Approximation of the LINK price to historical high and the test of the $18.43 mark provoked the beginning of the correction.
Now sellers are testing the local level of $14.13 . Throughout December, this mark was a problem for buyers. It is the fixing of the price above the mark of $14.13 that buyers were able to update the local high.
The sharp drop in prices on increased volumes on January 10 shows the prospect of breaking this mark down.
The critical point of the buyer trend is in the range of $12.7-13. By keeping this range, buyers will prove their strength and increase the chances of continuing the trend.
P.S. The weekly timeframe shows how buyers kept the price in the range of $12.7-13 for 4 weeks. Loss of this range will send the price in the consolidation range of $10.5-13 for a long time.
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LINK - is it finally time??Link has finally broke out and successfully retested both the trendline and the 50EMA which puts Link in a strong uptrend
Waiting for a close above 14.3 - which will probs be in the morning as I need some sleep lol
Close above that key resistance and hopefully we can run to the previous ATH
Also confluence on the link/BTC chart where it has successfully bounced from the key level on that chart, where last time that bounced caused it to run to it's current ATH and from a much lower starting value
See you in the morning Link...
LINK-4h. sellers are preparing for a re-test of $8.8.A strong downward impulse on November 26 negatively affected the mood of buyers.
For almost a month, buyers fought for the right to continue the trend in the consolidation range of $11.6-14.5.
On December 23, sellers broke through the consolidation. In addition, the global trend line of buyers has suffered. An attempt to return the LINK price to the consolidation range was unsuccessful.
In the local range of $13-13.3, sellers stopped rising prices and regained control of $11.6-12.
While the price is below this range, our main scenario is a drop to $8.8.
Cancel this scenario if buyers can consolidate above $13.3 .
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LINK/USDTI have two plans for LINK
🟢1️⃣ As you can see, it is in an upward trend and if it can continue this trend, it can reach the specified levels 14,22 14,8 ...⬆️⬆️
🔴2️⃣ Or it can not continue its upward trend and correct to lower levels↘️↘️
Consider sensitive market conditions and make careful, patient, smart purchases 😌😇...
Good luck friends ✌✌
.. Like and comment please♥️✏