$link | shortcurrently printing bearish engulfing on 4h. looks like most alt charts, other than eth.
attempted the high and ultimately rejected. bear divs on multiple TFs.
think it forms a HL before the run to $10 with the rest of the market.
LINKUSD
link shortstruggling at resistance. adding confluence to other short ideas that this local move is tired.
leaning towards $6.26 or so which would tap our blue support box.
another coin with a valid 4h bear div.
LINK Dominance - Breakout PotentialLINK positioned well for relative strength against bitcoin and major alts. Looking for some follow-through and ideally some support test at 150MA.
LINKUSD ❕ near the uptrend channelThe LINK is positioned for growth, but now I expect a correction and here's why.
The asset is overbought on the BB indicator (4H TF)
TD Sequential has formed a reversal signal down (1H TF)
Price is out of the overbought zone RSI (1H TF)
I expect, a correction after fixing under the upper border of the ascending channel.
Chainlink up 20% from 2022 lows, LINK Breaks out Past Performance of Chainlink
Chainlink prices are steady at spot rates, firm, like the rest of the cryptocurrency markets, and up 20 percent from 2022 lows. After plunging 88 percent from May 2021 highs, there are flickers of hope for bulls. Thus far, LINK is stable on the last trading day and breaking out from the bear flag. However, the resilience of bulls will be demonstrated once there is clear thrust above July 16 highs, ideally with expanding trading volumes to signal participation.
#Chainlink Technical Analysis
From the daily chart, there are encouraging higher highs. With increasing trading volumes, the recovery from $5.5, a multi-week support level, could be the anchor propelling LINK to June 2022 highs in the near term. Thus far, Chainlink is trending above the bear flag following the breakout of July 16. The failure of bulls to follow through on July 17 may present an opportunity for aggressive buyers to double down on every dip today. This bullish preview is valid provided prices are ideally held above $6 and $5.7—or last week's lows. Meanwhile, a firm close above $6.8 may trigger more participants into action, lifting LINK towards $7.5 and later $9.5.
What to Expect from #LINK?
Buyers are confident, but there must be more confirmation of the end of last week's gains for the upside to take shape. Currently, traders should watch out for how prices will react at immediate liquidation levels at $6.8.
Resistance level to watch out for: $6.8
Support level to watch out for: $6
Disclaimer: Opinions expressed are not investment advice. Do your research.
#Chainlink Inside a Bear Flag, Primary Support at $5.5Past Performance of Chainlink
Chainlink prices are trending at around 2022 lows, and sellers are still in control. Despite the optimism, LINK prices are within a bear flag with decreasing trading volumes. With LINK stable and up two percent on the last trading day, the short-term trajectory depends on the reaction at $6.8 or $5.5.
#Chainlink Technical Analysis
LINK prices are within a downtrend and inches away from 2022 lows. The primary support lies at $5.5 and is a critical level that may define the short to medium term. Since LINK bulls have been unable to close above the bear flag and initiate the move up to reverse losses of the first half of June 2022, sellers are still dominant. In the short term, traders can wait for a breakout formation with high trading volumes above $6.8 or $5.5 before entry. A close above the bear flag at $6.8 may see Chainlink prices rally to June 2022 highs of $9.40. Conversely, losses below $5.5 may trigger a sell-off, forcing LINK to new 2022 lows.
What to Expect from #LINK?
Technical candlestick arrangement favors sellers at spot rates. Prices are currently inside a bear flag with waning upside momentum. So far, Chainlink bulls have been unable to reverse losses of the first half of June.
Resistance level to watch out for: $6.8
Support level to watch out for: $5.5
Disclaimer: Opinions expressed are not investment advice. Do your research.
Linkusdt 3D Buyers are trying to push the Link price upYour attention is the global chart of the trading pair Linkusdt on a 3-day time frame
For more than 2 months, buyers of the Chainlink token have been trying their best to keep the price above the $5.50 level. And although it is difficult in the current maximally suppressed phase of the crypto market, but they are succeeding at this time.
Maybe now buyers are trying to form a reversal trend figure: Double bottom, or Adam and Eve. The working goal of working out this pattern is in the area of 15 dollars.
In general, there is a large liquidity zone $12.5-17.5 above, and at the moment there is little belief that they will be able to break it upwards with ease. If such a miracle happens, then the maximum positive goal for 2022 for Link is 22 dollars.
A clear signal that the buyers will have capitulated, and the sellers have won the fight, will be the fixing of the Linkusd price below 5 dollars.
In such a situation, one must be very careful and realize that the next support level is around the $2.70 area
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Link falling wedgelink looking great to accumulate down here
could see a big move soon if break out of this falling wedge
LINK - DIAMOND BOTTOM LIINK is showing signs of a diamond bottom... waiting for some movement to the up side before getting involved... target would be $11-$13
not trading advice
tjg
LINKUSDT Short SetupIn the past couple of days, Bitcoin and other crypto-assets have created slight bullish trend. From the macro sector, Crypto still not bottoming yet (IMHO). Based on the chart that I show here, there is a possibility to change the trend into bearish. What are your thoughts? Please comment down below.
LINK/USDTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
The chart is on the weekly timeframe.
From the data that I see on here, I think the bottom is in. We will be ranging between the two green lines as I believe that is the accumulation zone.
If we break below the bottom green line, I will find a new chart. As you can see, the data given to me here is only from 2017 so the count could be incorrect.
We are already at the bottom of the green line. I do not think we will go lower.
RR: 22.2
Stop loss placed under a 53% drop @3.5
LINK breaks wedge ready for flyLINK breaks wedge and pullback on it ,create cup and handle right now that is very good sign for a nice fly ;) do you agree ?
LINKUSD - Death Spiral FinishLINKUSD Can be seen to be moving perfectly along the Fibonacci circle , slowly but surely it is climbing out of this trend
Once price the long term uptrend an upward move should be expected
LINK/USDTChainlink with a falling wedge which is a reversal pattern and divergence in relative strength index.
LINKUSDT DOWNTREND / SHORTJust my opinion, LINKUSDT will still go down. I was entry short at range 6.86 - 7.23, with Stoploss at 7.75
I Have 4 target on my short,
TP1 = 5.64
TP2 = 4.45
TP3 = 3.60
TP4 = 2.52
LINK - short-term trade - our target $7,35Hello colleagues!
We publish the short-term trade we entered tonight. This trade has a local perspective and does not mean that the correction of the cryptocurrency market cannot continue.
In this case, we still have a relevant trade in cryptocurrency HNT:
Details of the LINK cryptocurrency trade:
Entry: $6.31-6.35
Stop: $6.16
TP: $7.35
Let's see how it works!
Chainlink's Desending Wedge Setup, will it shrug off macro woes?Will the major altcoins (ADA, LINK, UNI ) descending wedge setups, be the signal for a breakout to the upside?
Or will continuing macro woes make the TA analysis null and void.
Potential bounce might be coming over the next two weeks in equity markets. Spurred by the strong support at the 200 daily moving average.
Time to wait and see.
Link Long According to Elliott and Candlestick waves, I expect the price to increase and the trading volume is in good condition
Trading range link. Link review#LINK
▪️Link is trading in the range that I highlighted with purple lines. We buy at the top, we sell at the bottom. Short term deal.
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ChainlinkLINK/USDT we are looking now for Long Signal On Chainlinke until our 1h Resistance Zone and our 1h Supply Zone
