Linky longLink looks ready to do something crazy... macd flipping for the first time in awhile on the weekly and it also broke above descending channel. I’m liking this chart a lot!
Marines commence!!
This is not financial advice and do your own research! Thanks guys and good luck!
Linkmarines
LINKUSDT - REACCUMULATION PHASE FOR #LINK #LINKUSDT $52 TARGET!THE REACCUMULATION PHASE FOR LINK - ( Link Marines Assemblle)
4 Hour Chart Analysis
After Making New Highs, we can see think has had a nice pullback and is now being Reaccumulated.
Link is Currently in the LPS stages of reaccumulating After a Fake Breakout, and over extending back into the accumulation range.
After 40 days of being accumulated again, link is in its final stages of this phase.
It also retested the 0.618% Fib and over extended.
I have a target of $52 for this next push for link.
Stop Losses Below $28.50 the current swing low for anyone leveraging.
LINK Wedge breakout!!!Link has been showing lots of strength running alongside ETH! We are currently trying to regain the 0.6 FIB level for the daily close tonight and then in the coming days go for that 0.7 level! Also once the 0.7 FIB level is broken we will be reentering the ascending channel. Our MACD looks very bullish showing lots of separation and upwards trend. The RSI is coming down slightly due to price action but we still remain in the uptrend territory and i believe this is just a little cool off! The Rate of Change indicator is very similar to the RSI and confirms we are still in a uptrend and on the ROC we are a greater distance away from that mid line! I think this coming week we could very well see a new ATH for Link we saw ETH recently create a new ATH! NFA just my opinion
Link/BTC - it must reverse...Another sleepy giant, ChainLINK, will rise again if BTC will give him space to. I believe this time it will be the greatest show Link ever did.
Graph is 9Ds time frame and of course log.
This is my personal opinion, not a financial advise.
Take care of your hard made money!
CHEERS #linkMarines!
$LINK: Slow and steady.I want to re-iterate that I truly believe $LINK is one of the most important and bullish projects in the entire #crypto space. I've talked about in previous posts how $LINK, despite being suppressed by the sell pressure of around 1 million $LINK per week being sold by the #Chainlink team, is still consolidating at around 30 dollars and is fighting towards higher highs and ATH's.
If we draw a newer pitchfork from the start of the most recent run, and have it span the top and the subsequent dip? We can see a nice LTF price action developing on an upward trend. When drawing these pitchforks I look for the most confluence between the price action and the major pitchfork prongs. I'll switch between the original, schiff, or modified in order to find the most interaction. Then we use this as a guide of sorts to predict what the trend might follow, and to find likely price targets!
In this chart, we can see that the PA has really found that lower 1.0 prong to be support. It's been riding in the channel between the lower 0.5 and 1.0 prongs and was recently rejected from an attempt to break above. I think we'll see a continued march up this channel while we wait for March 12th, which is when the last Chainlink team market dump of 500k link will happen! Hopefully that will be the last of the sell pressure for a little while as the wallet that has been selling 500k link every 4 days will be emptied on that date!
I guess we'll see. Either way, I think we'll look back at sub 100 dollar link and laugh / cry that we didn't take more advantage of such a ridiculously suppressed price. Imo? $LINK is a $3000 dollar coin at minimum...
$LINK: Bollinger bands paint a pretty clear pictureOn the daily, the bollinger bands show us pretty consistent behavior in the last few weeks when #Chainlink opens outside the bands and bearishly closes inside them. You can see multiple examples of this under the green arrows. $LINK also behaves pretty regularly by going down to test the middle bollinger band when it does correct like this. I wouldn't be surprised if we see a small recovery with a little more blood down to that $25 dollar range? It would be painful for sure, but not anything that we haven't already seen multiple times in the recent past.
Either way. I'm taking this opportunity to buy more... anything under $100 dollars is FUD, and fundamentally? I think that Chainlink has the potential for four figures if #defi continues its meteoric rise. $LINK is a long term hold for me, so this minor price action doesn't scare me at all. Honestly, I love the opportunity to buy more.
$LINK Testing the patience of the market$LINK's breakout from 25 dollars went as high as $29.37, but was quickly forced down by massive sell pressure from the #Chainlink team. A nice retest of the $25 area and a large wick on the 4 hour candle still looks pretty bullish to me. If this 4 hour candle is followed by a push above the pitchfork's .5 deviation? That would put price around $30, which would be a big psychological S/R flip.
TL:DR look for link to break above the pitchfork median and continue to 30 dollars? If it does, I'd imagine more volume would follow and people chasing the pump would dive back in. It could also fail to establish itself over the median and fall to retest the .5, and even the 1.0 deviations. Either way, $LINK is a strong buy at sub 30 dollar levels for me. I'm only stacking and holding while waiting for staking to be implemented.
$LINK: Notice a pattern here? Hint: it goes up. 1W chartOn the Weekly log chart, $LINK is establishing a clear upward trend that the pitchfork median -> .5 deviation has really captured well. Logarithmic charts for projects like $LINK make sense for me as it is a hugely popular and, in my opinion, grossly undervalued project. If we copy the fractal of the previous two attempts at getting above the pitchfork median, it lines up with some pretty key emotional areas of resistance around that magical $100 dollar mark, as well as the 200 and 400 dollar marks.
Also! When link has made an attempt at that logarithmic median? We've seen a roughly 65% correction both times. $LINK is just now breaking out of the lower 1.0 deviation test. Which has acted as super solid support in its upward trend over the last dozen weeks or so. If $LINK can get above that 0.5 deviation? I'd expect it to continue marching its way towards that $100 dollar mark and we'll see what happens around then. Taking some profits around there would be something I might look to do as a swing trade, I would also look to load up on more link around the bottom of the pitchfork before it continues on towards 4 figures.
Fundamentally.... $LINK is the most important project in all of crypto in terms of the dependency factor of ALL of #Defi. They've built the solution to all of the trust problems inherent with centralized finance, and the dependency that Smart contracts have on data. If you're not looking to trade? This is a buy and hold for 10 years. Just forget about it until you're ready to retire.
Good luck marines. I'm excited.
$LINK + Modified Schiff Pitchfork = Dead-on accuracyI love $LINK on the 4hr chart. I've been experimenting with fans and pitchforks, and this one is AWESOME for identifying pivots. I used the Modified Schiff pitchfork on this. Which is good for sideways market action, as it moves the median 50% up and 50% over in terms of price and time. Just look how it touches the .5 and the 1 deviations, but then wicks PERFECTLY down to the 2.0 deviation. Chainlink has been consolidating for what seems like forever now. I think this is just a matter of time before it breaks through the lower .5 resistance and the median. I'd look for a strong move in the next couple weeks? But I'll say it again. $LINK is a buy and hold for me. Long term investment and waiting for staking to be implemented before this thing goes to the moon.
Chainlink (LINK) Is Running Out Of RoomCHAINLINK (LINK) has been in a long accumulation period for over 4 months now and it is lately running out of room in a symmetrical triangle. As markets are very bullish and all Altcoins are popping in waves one by one, LINK has been very much silent for an extended period of time. If you want to invest in crypto and have some solid gains with minimum risk, LINK is one of those safer bets you may get in the market. You may either buy the breakout of the triangle or dollar cost average your investment and let it ride the wave.
Best regards,
LINKUSDAlthough it hit an acceptable fib that would work as a shallow wave 2 at ~7.35$, it is highly unlikely that this correction is over.
syncing it to the rest of the market, with the expected bitcoin retrace to levels between 11 and 13k usd, link would eventually seek a deeper wave 2 correction, as per the chart.
all 3 levels would be acceptable, though falling below the 2.44 would definitely means troubles.
Regardless, 2.44-5.3 area would be a great opportunity to load up some $link