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LINKBTC

IS LINK PROCESSING A CHAIN REACTION ???Happy New Years! fellow traders. Today we consider the trading pair, LINK/USD From the chart above we can see LINK price is in an ascending channel, tho not the most parallel one to the eye, but it fits. Taking a look at our RSI, each time value entered the oversold region, a bounce occured right away, also aligning with price returning back to channel support and bouncing as well on each correction wave. Currently in it's wave 4 correction wave, Price seems to have bottomed out, tho currently below channel support!!! Should price fail to close a candle inside the channel, Downside is $13-$10. However, if we do succesfully reclaim the channel, which i think we will, we will most likely see $200 Link, earlier than anticipated as well. If you agree with this idea pls leave a like as well as your thoughts in the comments section. As always, feedback is appreciated.
COINBASE:LINKUSD
by RektMyMom
$LINK/BTC 3D (#BinanceSpot) Falling wedge breakout and retestChainLink has pulled back to 50MA support where we expect it to bounce and resume bullish mid/long-term. chain.link smartcontract.com Current Price= 0.0005195 Buy Entry = 0.0005207 - 0.0004873 Take Profit= 0.0006337 | 0.0007641 | 0.0009214 Stop Loss= 0.0004173 Risk/Reward= 1:1.5 | 1:3 | 1:4.81 Expected Profit= +25.73% | +51.61% | +82.82% Possible Loss= -17.20% Fib. Retracement= 0.382 | 0.5 | 0.618 Margin Leverage= 1x Estimated Gain-time= 7.5 months
Long
by TradingOn
1
LINK aiming to retest $23LINKUSD is currently trading around $22.70, up 5.5%, above average when compared to BTC and most of the altcoin market. We have now completed what appears to be a nicely formed W pattern on the 1h/2h/4h charts. Forming since yesterday, it confirmed earlier today as the European markets opened several hours ago after retesting the $22, which aligns perfectly with the lower market support band (20w ema low). Our last major move was the rejection of the upper market resistance band at $28-$29 (FIB golden pocket & 20w ema high), followed by a failure to hold the the bull market bands (20w ema / 21w sma) as we came back for the retest. Let's look at the longer timeframes, measuring out probable direction using Fibonacci based Gann fanns. Market makers appear to want to retest $23 today, which would get us back over the critical 50h ema. If rejected there, we know we're in for at least a second retest of the $22 levels, but more likely even lower since a failure there would indicate the current W pattern has failed so market makers want to bring the price lower. If accepted and we push through $23 and hold through 2 or 3 4h candles, I believe we could see a continuation towards $24.50 - 25.50 range, for a retest of the bottom side of the bull market support bands about 10% higher from our current levels. No matter, I expect a retest of the $23 before we know with a high level of confidence that the current movements are supporting a larger move to push back through the key moving averages and re-initiate a sustained multi-week trend to the upside (ending the multi-week trend to the downside). If we don't come back for a retest now, trade carefully, it's possible this push is nothing more than market makers working to get better prices for a short play they'll execute sometime over the weekend or early next week. If we can continue to push higher, we might have a similar situation play out with the Bollinger Bands as we have seen in the past where once we touch the upper band, we continue to ride it closely, pushing it higher and higher for many consecutive (30+ days) before being squeezed back down. Summary: Major areas of resistance within immediate reach are at $26.5 (VPVR volume peaks / interest) and $28 (FIB golden pocket), which we must overcome and turn into support before we can move higher. On the downside, $22 has acted as strong support for the past week, which aligns with both the major areas of interest (VPVR) and a key moving average (lower support band, mentioned before). If we come back for a third test at $22, there is a high probability the market continues to favor shorts. A quick look at the Heikin-Ashi candles before I go... reminds us to not get too excited yet. We're still trending down... and the trend is our friend, until the end. Don't get liquidated folks! Make sure you've set your stop losses and buy-limits!
COINBASE:LINKUSD
by calmrat
A 1000 Dollar ChainlinkDoes chainlink even have bear cycles? , one can say price just goes into a long accumulation period before heading up once again. Secondary Long term channel still intact , I did have another I was charting but it broke that one. Chainlink has had a double rejection off the 8/1 Gann so far. The longterm channel and the end of the 8/1 Gann cross March 14th 2022 , I had been going over the idea of a cycle top in May 2022 for a while using a Chainlink Fib time sequence, it is possible that May 23rd 2022 for Chainlink is not the top but the start off its parabolic cycle up to 1000 dollars June 2023. The chart below you see is LINK/BTC this Fib sequence has been perfect so far at calling major moves in LINK and also calling the bottoms for price next date May 23rd 2022 ,out of hundreds of Fib time sequences I have used in the last 2 years this is the only one that has had a perfect count each time without fail.
COINBASE:LINKUSDLong
by Sporia
11
$28 LINK aims for goldMucking our way through the $24-26 range, we're doing well to get back above the market bands. Cushioned by low 18.75 support line. We have $22 general market support. Bull market bands -- 20w sma and 21w ema -- are at $25 and $26.75, with a high support at 29.50. Clearly we are trading sideways. With an nausea-enducingly wide range. $27 appears to be the VPVR point of control, in terms of volume traded between now and June 2021, which aligns with the bull market bands where we are trading for the last few days. We need to keep above 27, or it means the market makers will bring us back down, and have only used these recent days to load them with better short prices. We'll see. My suspicion (bias alert...hope, i'm fully longed at the moment in my own trades) that is we will move to the upside for a bit yet still. I'm happy to see that we closed the $25 levels. Some lost LINK and USDT along the way, i'm sure. But for those HODL'ers out there. This move's for you!
COINBASE:LINKUSDLong
by calmrat
LINK🔗 triangle breakoutIt's has been long time since I posted last Chainlink idea... 👇 But now here comes another one >> LINK 🔗 is holding well even in this weak market recently. Price seems to be ready to break up this triangle 📐 and If succesful I think there is chance for run to 30.9 and even higher. I'm already in, but one can set the BUY LIMIT order to catch the possible pullback. As usually we need BTC to stay stable (or even go up) to not spoil the party. Going with lower size as markets are shaky. ENTRY : local high @ 26.37 STOPLOSS (TP) : local low @ 25.08 TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY LIMIT - SL) @ 30.9 REWARD RISK RATIO (RRR) : 3.5 INVALIDATION : when SL level hit Check my other stuff in related ideas. Please like👍, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Long
by bizmark
LINKUSDT Next move (4H Time Frame 10%-20% Profit )Link comes up to only complete the double top .price will chase the buttom of the channel from now Also Rsi shows us a powerfull divergence this is just like the last link analyssis in the middle of channel(around $24) there is a chance that btc will pump and make link bullish , BE AWARE. always manage your positions if you see any sign of "bullish moves" make your trade risk free feel free to ask questions or anything else. GODBLESS
Short
by GoodLadd
1