LINKETH
Bullish Continuation for ChainLinkHello dear readers,
Link has been one of the most bullish altcoins this year.
We have come down all the way from the 400% increase from May to July. Now Link is on the way up again.
From the swing low 0.00014 LINK has already increased 80%, Now we can play this out in two options.
#1. We buy into bullish price action right now with a tight stop and hope for the trend to continue.
#2. We wait untill we get a 30-40% retracement and enter for the next wave up.
As we broke above the previous local top resistance of 0.00024, My option will be number 1. But if I get stopped out, I will change the plan to option number two.
Entry: 0.000249
Target: 0.00031 (30%)
Stop: 0.00023 (5%)
Stoploss is a manual stop with a daily close
Enjoy and untill the next one.
Thumbs up if this was helpful.
LINKBTC Testing Resistance At the moment LINK on strong resistance area and rumors that swift partnership with LINK that's why link is pumping. If not confirmed by team then will dump badly and again will touch around 1.5$. also RSI and Stochastic are overbought on 1D and 2D chart. So guys be careful if we cross resistance area 21k Sats then take entry and target will 24k Sats. But its only 25 percent chance that we will cross resistance.
So who is going to buy the LINK Retracement?Most people think BINANCE:LINKUSD is dead and the rally is over and who knows, they could be right, but... Failure to look at other charts such as BINANCE:LINKBTC and BINANCE:LINKETH we can clearly see its only forming a flag which means that we only formed Wave 1&2 on the weekly chart out of 5 of a bigger cycle.
Illustrated in the Chart, I have set my entry points and Target points. So lets see what happens in the next few weeks/month or so.
Will my prediction be right? or will I fail HARD?
LINKETH formed a cypher | Upto 23% expectedPriceline of Chainlink / Ethereum cryptocurrency has formed a bullish cypher and entered in potential reversal zone.
But MACD and Stochastic are still strong bearish therefore I will would suggest to wait for weak bearish signals from MACD or bull cross from stochastic for secure trade otherwise the leg can move more down to form a shark pattern.
I have defined targets using Fibonacci sequence:
Buy between: 0.01098500 to 0.01032429
Sell between: 0.01150778 to 0.01275943
Regards,
Atif Akbar (moon333)
Long on ChainLink From $3 to Over $20 Per Share/Coin in 2 WeeksLink has partnered with Google Inc on some really amazing and innovative technology that is really set to pave the way into future of blockchain and crypto tech. I am looking for Link to be an overall stable investment for our portfolio.
LINK ContinuationPer the chart you can see a breakout from triangle on the 4hr chart. Lower wicks of the following candles have approached tests of the breakout have bounced near the top-line. I expect LINK to trade above it with moves going back towards $2.00 or 21200 Sats. A trading range around 19200-22000 sats is what I am expecting before continuing price discovery. Trading range seems volatile but is within the expected 10% move within a correction/pull back scenario before continued uptrend. I currently have a long term hold position and entered a scalp position at 18700 sats or at the time roughly $1.70. A stop at 18450 is viable as it would fall back into the triangle and breakdown towards 17420 at next BTC support with the double bottom on the 4hr chart. IF a trade were to be placed now at 20660 stop at level indicated would represent a near 10% loss and versus a potential break at 24200 if we were to breakthrough BTC high and continue price discovery would represent a BTC gain of 20%+. 2/1 risk reward would occur at closing position at 24200 or can become 3/1-4/1 with a clear breakout and continuation of price discovery.
Thank you and would appreciate likes, comments, and follows to be able to continue to better my research and posts.
THIS IS MY ANALYSIS AND NOT FINANCIAL ADVICE. PLEASE DO YOUR OWN RESEARCH AND JUST COMPARE AND CONTRAST YOUR FINDINGS WITH MINE.
Chainlink Potential Move upwardsChainlink (LINK) could potentially setting up for a move upwards. Looking at the chart .00009 is an area that has been resistance and support numerous times since November. While technically it is bearish to see price fall below this level, then bounce back and find resistance there, it has held a pretty solid floor around the .0008 area, and seems to be continue testing the .00009 area, and just broke through it. This will be very bullish if it is able to refind support at this level as resistance to become support is typically very bullish. So this is an area I would watch closely for a signal of a potential move. LINK/ETH chart also shows price sitting at a key resistance level as well.
Chainlink ($LINK) TA.$LINK has been in uptrend for a while.
RSI shows that price reached support and parabolic curve line confirms that price is going to bounce soon.
Apparently $LINK is inside falling wedge or it also might be seen as bull flag.
Green parabolic curve line is a support. I do not recommend trading this coin if it's broken.
There are 2 accumulation buy levels marked as green on the chart. They are a solid buy level for long term.
It one of the few coins that is in the uptrend now and it does not offer big PPT, in the mean time the 98% of the market is drastically oversold and in terms of returns many other coins are much more profitable.
It's not a financial advice.
Trade carefully and good luck!
Chainlink (LINK) to new All Time High?Pair: LINK/BTC
Exchange: Binance
Trade Duration: Long
Risk: High
Introduction
Chainlink is a blockchain-based middleware, acting as a bridge between cryptocurrency smart contracts and off-chain resources like data feeds, various web APIs, and traditional bank account payments.
Technical Analysis
- 0.286 Fibonacci Retracement From ATH Confluence With Trading Open
- Heavy Consolidation & Accumulation Near ATH
Fundamental Analysis
- Mainnet In A Few Weeks
Our Entry Zone
0.00011600 - 0.00014000
Our Targets
1: 0.00015800
2: 0.00025000+
Our Stop Loss: 0.00010000
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Comment your thoughts below.
And most importantly, enjoy your day!
Crypto Eye Team
------------------------------------------
DISCLAIMER:
This analysis is not financial advice and the Crypto Eye are not financial advisors. We are sharing our opinion, nothing more.
Please do your due diligence. Trading cryptocurrencies is very high risk and you can lose your entire investment.
LINK Trading AdviceBuy Price: Yellow Line
TP: Green Lines
SL: Red Line
Invest Suggestion: 5-10 Percent
Profit Expectations: 5, 10 or >20 Percent
Just hold and watch. All targets will be reached within 24 to 72 hours as my prediction. But it's recommended to hold it for 6-7 days if any target not reached. Sell when you got some profit. I am sure, you will be get nice profit. Good Luck!
Looks Good? Leave a like, share and tell me in comments if my trading advices are working for you.
Thanks for visiting.
There is a probability of resuming the uptrend in LINKETHTechnical analysis:
. ChainLink/Ethereum is in an uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 62.
. While the price uptrend in the Daily chart is not broken, bullish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00123000 to 0.00103000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00123000)
Ending of entry zone (0.00103000)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00142900
TP2= @ 0.00167600
TP3= @ 0.00207500
TP4= Free
There is a probability of resuming the uptrend in LINKETHTechnical analysis:
. ChainLink/Ethereum is in an uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 62.
. While the price uptrend in the Daily chart is not broken, bullish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00123000 to 0.00103000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00123000)
Ending of entry zone (0.00103000)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00142900
TP2= @ 0.00167600
TP3= @ 0.00207500
TP4= Free
ChainLink (LINK) - Crazy cup & handle complete - time to moon?Just look at this beautiful cup. Even the handle has been formed. In theory, we can get ready for a cup & handle trade. If we break through the " coffee " line, we can expect the size of the handle to be added up to that level. That's kinda insane.
In the meanwhile, we are seeing that on the 4hourly chart, there is still some downward pressure first : you can see this in the RSI, the MACD, and the small green trend channel where resistance is pushing price down for the moment.
Looking at a longer timeframe, this could be an incredibly beautiful cup & handle bursting to the moon. That's of course not the only scenario. Yet, I'm placing some buy orders around the 5600 sat level, and, I've been in this trade ever since my previous post on Chainlink, where I compared it to the dollar:
Link - Flirting with a crazy break-out (250% potential) (I also highlighted the cup & handle versus Bitcoin in that post)
I'm up around 100% there, but I'm buying some more. This is a project with a lot of nice yet secret stuff going on (you can find some things in reddit groups etc.) Moreover, tomorrow LINK supposedly will announce the launch of its test net, which could provide the pump we need.
LINK chart versus the dollar, today:
Link versus Bitcoin:
- Stop loss around the 5213-ish Fibonacci line, or somewhat higher close to the trend channel base (according to your risk appetite)
- Targets can be set near the upper Fibonacci lines (keep it simple).
- And keep a stash that can moon.
LINK - Flirting with a crazy break-out?! (+250% potential)Quick post on Link upon request! - Have a look at this crazy graph of LINK versus the Dollar. Nice curve up. Bloody curve down! Seems like we just hit the 78,6% Fibonacci retracement and we have another strong support beneath that as well. And as is quite obvious, the curve is about to end where we are now... So yes, LINK is flirting like hell with both the end of the curve, AND the end of the triangle. It really doesn't get more exciting than that to see how it pans out. Looking at a potential target of 350% (or +250% versus current price - of course not by tomorrow).
Given the upcoming main net launch in Q2 , we also have a strong fundamental catalyst to get this one pumped (e.g. people will then stake their LINK-holdings - cfr. Vechain; + this is required for their highly ambitious plan to get decentralised "Oracles").
Moreover, in the MACD we see a golden cross , while the Stochastic Momentum Index provides a more mixed view (first still some movement down before we can really lift off?) Furthermore, it would make sense that this one starts the second part of the cup and handle here, although volume has been spiking all over the place, which is rather uncommon.
We already had some nice green volume in the previous days. If we have that when we hit the triangle resistance somewhere in the next days, that would be great news for a bullish break-out.
On the 4-hourly, we indeed see some bearish signals, hinting to a downmove first . But after that, theory suggests we should see some decent uptake.
4hourly chart versus the dollar:
Let's check the BTC graph:
This one seems to tell a similar story, although it formed a cool cup & handle-ish figure and then made a triangly handle. Now, that would be one ugly and loooooong handle, so I I'm not sure we should consider it like that. But the point remains, it is approaching the end of the triangle with similar signals as in the USD graph.
So after this rapid analysis: likely first a leg down before we can go for a break-out test. The chart tells the remainder of the story quite clearly. Good luck.
PS: if you liked this post, please give it a like so I know you as a community at least appreciate these posts :-)
- I'll update as of 15 likes ;-) .
ChainLink (LINK) 160% Gains in 14 daysLet me start off by saying that I am not a financial adviser. You should not take 100% seriously anyone on the internet. So take my advice with a grain of salt and do your own research before investing in any coin.
We are IN the buy zone NOW!
ChainLink is possibly the coolest and most underrated projects out there in the crypto space.
With a market cap of only 250 million this coin can easily 4x your money within a year.
DYOR and here is my analysis:
Keep this in mind: What was resistance in the past tends to be support in the future and the other way around.
Key points:
1)LINK has a strong trend line that has not been breached
2)link is forming a massive cup and handle formation
3)LINK is far from its ATH back in October
Now after the run to 9000 LINK has corrected. As far as my research shows ChainLink does not like to retrace to the 78.6% mark so it probably will continue to not do so. It loves the 62% mark.
As I already said, keeping in mind the trend line and the corrective patterns we are in the buy zone. I advise:
1)Med size buy order: @6450 satoshi
2)Large size buy order: @ 6000 satoshi
First target:
1) 50% sell of @ 10500 mark
2) 100% sell of @11300 mark
Buy back @ 9900-10300 mark
I really don't think that after the wave up LINK will retrace more than 23,6% because the previous high will be close buy and wave 3 cannot go lower than that the top of the previous high
Good luck and happy trading!
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Donations in BTC:
1xUU83C4eaHy9dTKuFcn86HFkXa8Topb7
Donation in LTC:
LcSEL5a9ZSX2z2TH6ZzmzGnmSyF7riLeuC
Donations in ETH:
0x39bf470d25a9a9d5171d674b8740653b8db3cb9f
Thank you for the support! :)
Chainlink ascending scallop - parabolic in the makingLINK/BTC is showing what looks like a very strong long-term ascending scallop; it wants to go hugely parabolic.
based on the intersections between this fib extension and the scallop's trendline, we have the following targets (in BTC):
0.0001284
0.00018281
0.00027086
0.00035891
0.00041332
trade at your own risk.