Close but no Cigar for Chainlink!!Looks to good to be true, but this is just another failed attempt to try and break resistance @ $11.50. If and when it fails we will see $9 inevitably. But on the upside that would be our final destination. Good luck! Just my opinion
LINKUSD
LINK - beatiful picture for long🌇⭐️ BTC had huge liquidations, we may see a pullback
⭐️ Market is in panic
⭐️ Structure is seen on multiple timeframes
⭐️ 4th touch
⭐️ No pullback after last touch
⭐️ Over VWAP
Will enter when price squeezes to the level on lower timeframes, the base will form and the strip will get faster.
Fix profit by parts:
2% - 1/3
4% - 1/3, stoploss to breakeven
What's left, hold to the maximum
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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
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LINK (Chainlink) looks horrendous. The price is breaking down the support of a Massive Descending Triangle, ultimate Target of which is $4-5
Keep in mind that LINK had a decent multi-year uptrend. Now it's time for a clear bear cycle
The overall picture looks almost identical to what Monero (XMR) printed in 2017-2018. The same long uptrend and the same Descending Triangle at the Top. Will the outcome be different this time? I doubt it
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Below $15 = death. Short upon 1W close below for $$$Self-explanatory. Would not take position prior to confirmation (close below) on 1W. Nonetheless, looks very unlikely this will hold. Act with caution. NFA.
P.S.: $4.50 is not a particular target, just the extent of a measured move. Not guaranteeing it goes there, not even implying it goes there. It's a possibility, don't sue me.
PPPP
Chainlink Bearish till End of MayHigh of $15 only!!! After that, Expect a Low of $8 around the 3rd week of May or Beginnjng of June.
LINK Is at a Possible Bottom. what's Next?ChainLink (LINK) Is in a Big Falling wedge Pattern. Regular Bearish Divergence is also visible on MACD Indicator(+RD). this means the Price has a Great Bullish Chance and also We can Safely Say the Price is at the End of the Falling wedge pattern. this Price is also a Support Level as well For LINK. It should be able to Increase From Here. 2 Targets can be Predicted. One is at 13.7$ another one is 14.30$. 14.30 Is also a big resistance.
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LINKUSD - Breaking down lowerThe price has broken down the Fib Channel 78.6% level, and it is anticipated to get down to the 100.0% (from the top) in the near future which would bring the price to around $8-$9 per Chaninlink token.
To draw this Fibonacci Channel, the main trend line connects local high points.
If the price does not hold this level ($8), the 123.6% Fib level could be the next support level.
RSI has been descending and getting closer to strong support.
**This is not Financial Advice**
In my opinion, it could be a very good accumulation opportunity for LINK lovers.
chainlink (Long setup)Chainlink (D1)
Chainlink (#LINK) is currently sitting in a massive trendline support. Stoch. RSI Shows bullish divergence and i am waiting for a Bounce confirmation from here...📈
Chainlink (LINK) - April 27hello?
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-------------------------------------
(LINKUSDT 1W Chart)
Support: 11.31-14.49
Those below 11.31 are highly likely to enter the mid- to long-term investment area.
(1D chart)
The 11.31-14.49 section is an important support section.
If it declines in this section, it is highly likely to enter the mid- to long-term investment area, so careful trading is required.
So, if possible, I would recommend buying when it has solid support and starts to rise.
(buy)
- After confirming the support in the section 16.15-16.87
(Stop Loss)
- When it falls below 14.49 and receives resistance
- When it falls below 11.31
(Sell)
- When receiving resistance near 20.84
- When receiving resistance in the section 27.20-30.38
(buy)
- After confirming that it is supported by 11.31 or higher
(Stop Loss)
- When it falls below 9.87
(Sell)
- When receiving resistance near 16.87
- When receiving resistance near 20.84
If it rises to the 27.20-30.38 section, a sharp rise is expected.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
---------------------------------
I wouldn't want to be long $LINK, downside potential to $6.05Link looks like it's about to break it's support at $12.64, which would setup much more downside.
If the support breaks, I think we're about to see as a potential downside target $9.04, and if that support breaks, I see the bottom in the shorter term $6.05. My bias leans towards a break reaching the second target.
LINK 3 day looking to make a bullish move from the DeMark 9LINK 3 day chart is looking great.
This chart has to turn bullish...its way
oversold, STOCH has to curl up, and
DeMark 9 Indicator has read the bottom
2 times perfectly. Watch for those 3 golden
pockets for Price retracements on the way up
to over $100+
$8, $11 or $17 next for Chainlink ?Hello all. As the entire market, so does chainlink has approached a moment of decision.
As we look at weekly timeframe. we see that link trades below the weekly ascending line of support (yellow line). At the same time, the current price trades below the 50 week EMA and also inside a descending channel(orange lines).
The 200 week EMA sits at approximately $11 and the bottom of the descending channel at $7. Both of these levels also correspond with previous levels of support.
In case the market sees a correction or a slight drop, these are the levels I believe Link will go next.
On the other hand, link has the chance to go to $11 which is the top of the descending channel, and also the golden Fibonacci pocket. $13 is a strong level and we can see a bounce from this level as we did previously.
Patience is key at this moment not only for Link, but also for the entire crypto market. The stochastic RSI says it all, it remains in the neutral area.
Thank for reading, and stay tuned. Enjoy.