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LINKBTC

✳️ Chainlink | Is The Correction Over? (Name Your Altcoin #17 ✅)Is the correction over? That's the first question that comes to mind when looking at the Chainlink vs Bitcoin (LINKBTC) chart. A major uptrend developed after the May 2022 low that peaked early November. In December a lower high was hit followed by a strong correction. Few signals point to a potential end of this corrective wave. 1) Trading volume has been on the decline. Bear volume peaked in November and has gone much lower. 2) RSI Bullish divergence. The RSI hit bottom in December yet LINKBTC continued to hit new lows. 3) Back above 0.618 Fib. Prices went below the 0.618 Fib. retracement level for the May-November bullish wave. Today, LINKBTC is moving back above this level. This is a strong bullish signal if it can stay above it. 4) Other BTC pairs going bullish. Across the market, many of the altcoins vs bitcoin pairs have gone bullish with some going green 3 digits within a single day. 5) EW Flat. We have a perfect flat correction, 3-3-5. Signaling the potential end of the current move. A reversal can happen here. A higher low would lead to a higher high, let's find the next target. Found, 0.00070782 for 130%. Namaste.
Long
by AlanSantana
12
LINKUSDT - About to FACEMELT 🤯Hi Traders, Investors and Speculators of the Charts 📈📉 Altcoins have gained some ground on BTC and the markets are currently taking a breather after continues upside price action. Chainlink, however, has been trading range for an extended period of time. This is bullish according to the Wyckoff Method Analysis; pointed out on the chart to the left. LINKUSDT is currently trading in accumulation phase and a potential parabolic move towards the upside can be expected after a longer period of rangebound trading. The first large resistance zone is at $14, nearly a 110% increase form the current price just under $7. While you're here 👀 Checkout this trading plan for SYSUSDT . Syscoin is an altcoin with massive upside potential and currently trading in it's ideal accumulation zone (bargain!) : _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
40
LINKUSD: Will LINK extend its gains? | Jan. 13, 2023This week, we will stick to the 4-hour time frame to analyze the price action in detail! After setting a new 52-week low earlier this month, LINK seems to have recovered significantly from the fall. It broke a very crucial support at $5.7, however, the bulls were quick to return to help push the price back above the demand zone. We can see strong momentum, and traders can expect the price to approach the upper resistance at $7.6 in the coming weeks if the momentum is maintained. 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 if the price is able to sustain above $7.35. We might face some resistance at $6.5. Once this zone is cleared, a move to $7.35 looks almost certain! Traders must still maintain caution by setting a stop-loss below the demand zone at $5.7. The coming week may be more favorable for the bulls! The important price levels for this week are $6.5 and $7.35!
by CoinMarketCap
1
Link / btc Upward trend 545 days! Pivot points. Potential $The LINK coin has been moving in an uptrend for a year and a half !!! 545 days !!! Since the inception of the uptrend, the coin has now grown by more than + 1000%. This is one of the rare coins that goes against the market. Now there is a correction to the uptrend line. Watch the line of the uptrend when the price approaches it. It is very likely that a large ascending triangle will form inside a huge expanding triangle. The uptrend will be supported by the uptrend line. Entrance three options from the development of events: 1) From the uptrend line, if confirmed. 2) On a breakthrough or rollback after a breakthrough of an ascending triangle if this formation is formed. 3) Entry into the short if the line of the uptrend, the price breaks and fixes under it. Target. All targets in three trading options on the chart. If this formation of the ascending triangle is confirmed, the wave potential inside the ascending triangle is + 80%. Also, the development of the potential of the ascending triangle if it is formed + 200% of the resistance. Or +280% of the uptrend line. If the uptrend line is broken down and the price consolidates below it, then the potential for working to lower the price opens, as the coin grew by more than 1000% against the market in a year and a half. Stop Loss. Under key support levels during your entry into the market. But when setting Stop-Loss, consider the potential volatility of this tool.
by SpartaBTC
3
Reacted positively to the support rangeLast week, LINK reacted positively to the support range of $5.42-$5.57 and returned to the previous resistance at $5.75-$5.85. This static resistance is reinforced by a dynamic resistance, whose trend line you can see in the chart. The complete breaking of this resistance should be done simultaneously with the breaking of the resistance of $6.317. Otherwise, due to the existence of higher resistances, we cannot expect to confirm the breaking. If this happens and a strong bullish candle is registered, the possibility of further price growth and moving toward the resistance area of $7.297 will increase. This is because the midline of the descending channel is also in the current range, and it has strengthened the resistance at $6.317. So buyers' support can push the price back to higher targets. According to the strength of the last downward wave in the daily timeframe, the specified resistances show the power of a high negative reaction. Therefore, there is a possibility of short-term buyers saving profits at these levels.
by MonoCoinSignal
LINK - Strong reaction?LINK has been trending down for the past few weeks. A support level in the $5.75-$5.85 range caused only one downtrend correction, and it was broken again as sellers took strength. On the other hand, a downward trend line is considered on the chart, and if this resistance is broken, we can expect the price to grow to the ranges of 6.5 and 7 dollars. But if the selling pressure continues, we can expect another bearish wave to form to the $4.3 range. There is a confirmed twin bottom pattern at $5.45 in the 4-hour time frame, where we can at least expect price growth to continue up to the $5.75-$5.85 resistance. The point is that meeting this resistance can be accompanied by a strong reaction, which this week we can consider a range trend at best for LINK.
by MonoCoinSignal
4
Long Entry at Strong LT Support Zone for CHAINLINKGreetings, Snipers! LINK has been consolidating sideways from $5.30 - $9.50 since May 2022 Two long-term trendlines from 2020 have been well-respected as support. As you know, the longer the time-frame, the more reliable the signals. In the shorter time frame, we can trade this sideway channel: We can take a long-entry now, at $6.00, and sell at $9.00 for a Risk-Reward ratio >3 (SL at $5.20). If Bitcoin cannot hold the current support, we may see Link drop to the next support at $4.30. Hope you enjoy my first post! I wish to give back to the community, more or less, after lurking around for so long :) Happy Sniping!
Long
by KryptoSnipers
1
My Price Analysis of LINKBTC on December 10, 2022Hello friends. Today, according to the LINKBTC chart, I noticed that the chart is generally going down and I have drawn the short-term channel in the 1-hour time frame. The formation of EMAs of 50, 100 and 200 assures that the market is bearish. On the other hand, this arrangement is being formed in the 2-hour time frame. On the other hand, the MACD indicator gives a buy signal. My analysis of this signal is that it can either be a fake signal or a short-term signal that will return to its downward channel after encountering the upcoming resistance. and continue its downward trend.
Short
by Saleh_Toodarvari
Link in accumulation modeDespite the cryptocurrency market being in a turmoil lately, COINBASE:LINKUSD maintained its current support level for more than 6 months. Following the BINANCE:LUNAUSDT collapse, link like most of the cryptocurrency market had put a new low. However, what's intriguing is, unlike other cryptocurrencies it has actually held that low quite strongly, with occasional visits every now and then, yet always followed by swift recovery. It seems that link has entered in accumulation mode and is preparing for the next cycle. The possibility for a new low still remains, but I believe even if we put a new low, it wouldn't be far off from the current one, and with that been said link offers now a lucrative buying opportunity.
Long
by m3rr0r