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.
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** 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.)
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LINKUSD
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.
LINKUSD Has the world given up on ChainLink?ChainLink (LINKUSD) was one of the hottest crypto from 2019 to 2021. Ever since the May 2021 top though it has been trading on Lower Highs and Lower Lows, failing to recover its All Time High (ATH).
The February 2022 Low came very close to the 1W MA200 (orange trend-line) and as long as it holds, LINKUSD will most likely sustain its cyclical bullish trend. The natural Resistance is the 1W MA50 (blue trend-line), a break above which, should be enough to restore the price on a new upside sequence. Basically LINK has been trading within the 1W MA50 and the 1W MA200 since mid January 2022, effectively 3 months.
Despite the bearishness and loss of faith of the market since 2021, the first long-term bullish indicators have started to emerge:
1) The Ichimoku is on the Red Cloud already. In the two past occurrences, when that emerged, ChainLink had already started the parabolic rally phase.
2) The 1W RSI hit in late February/early March the 37.500 Support that was formed on the June 18 2018 1W candle.
3) The 1W LMACD is approaching the -0.21000 Support of the July 16 2018 1W candle.
An LMACD Bullish Cross might be emerging and if formed it will most likely kick-start the parabolic rally much like the August 13 2018 Bullish Cross did. The final but rather late condition would be when the 1D MA50 (red trend-line) crosses above the 1W MA50.
Every Higher High has been on a +0.5 Fibonacci extension progression. First was the 1.0 and then the 1.5, 2.0 and 2.5 Fibonacci extensions followed. Technically, the next Higher High of the Cycle should be on Fib extension 3.0 around $147.00.
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LINKUSDT / 1DThe digital currency of the future
I expect this digital currency to experience a price of 11 to 12.50 and in the long run it can have an initial return of 300% and a final return of 1800%.
In the middle of the trend, we have a good pattern that shows the growth of this currency in the future
LINKUSD - 15 min watching this line. Market wide.I was just mentioning this to another trader with very nice chart work. He had bitcoin shooting up. But if you look, even if that us where we are headed, you will need a drop down. Think about it like the superhero take off into flight. and superman, the new ones, where he almost pushes into the resisted form of the earth to absorb the energy of force. We need that dip into the pool of belief. I think that will be a main factor in the height of the next leg of consolidation.
LINK short term spot buy LINK bounced a few times on the 4H time frame , it looks that we could be going lower , next potential buy zone spot for me is around $14.50 , specifically for LINK I am buying at all prices I believe this project has a lot of potential in the next few years .
Additionally , for a leverage position ideally for me would be to enter around $13.50 . I will update my thoughts when we get closer to that price range .
LINKUSD: Long Signal Explained
LINKUSD
- Classic bullish setup
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Buy LINKUSD
Entry Point - 15.45397
Stop Loss - 14.67738
Take Profit - 16.61987
Our Risk - 1%
Start protection of your profits from lower levels
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LINK - Long term perspectiveHello, I've invested in $LINK in 2018 and bought somewhere around 0.22$ and now I wanna take a look where it's heading.
As you can see the yellow lines shows support/resistance on a closed candles.
The white lines shows support/resistance on a wicks.
Based on that I can see that we still have room to go lower to smoewhere around 7$. This is the zone where the retail investors will be scared and think that the project is dead but smart money will buy the dip.
In conclousion I wanna say that this move will also depend on a Bitcoin price action. Personaly I will be waiting for May to see if we go lower or we are already hit the bottom.
P.S. Tell my your thoughts on $LINK in the comment section.
LINK above 21$ would be a sign of massive reversal!Here's a quick look at the LINK Daily chart . As we can see, the price has been oscilating withing a bigger falling wedge. BTC needs to get above 48k before we can expect a break above 21$! The best entry would be when the price breaks above 21$ with good amount of volume . Definitely one to keep an eye on!
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The idea is: Buy when the price breaks above 21$ and take profits at the levels shown in the chart.
Targets:
1. 24$
2. 28$
3. 32$
4. 36$
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What Is a Wedge in the context of trading?:
"A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows of a price series over the course of 10 to 50 periods. The lines show that the highs and the lows are either rising or falling and differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge-shaped trend lines are considered useful indicators of a potential reversal in price action by technical analysts.
Key Takeaways for Falling wedges:
1. Wedge patterns are usually characterized by converging trend lines over 10 to 50 trading periods.
2. The patterns may be considered rising or falling wedges depending on their direction.
3. These patterns have an unusually good track record for forecasting price reversals."
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LINKUSD - Back to that 15 line of resistance. The Market Line.Here we are back to the 15 this is will be a nice test to see if the resistance holds, to me that would indicate an inching up on the belief in value, I like this project, but it's a wide open market. I feel like we might be hitting value soon, for me this will be like a raise in pitch, a tighter wave.
Chainlink (LINK) - April 6Hello?
Traders, welcome.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(LINKUSDT 1W Chart)
Primary resistance: around 20.84
Secondary resistance: 27.20-30.38
Support: 11.31-14.49
If it falls below the 11.31-14.49 range, it is highly likely to enter the mid- to long-term investment area, so careful trading is required.
(1D chart)
(buy)
- After confirming the support in the section 14.49-16.15
(Stop Loss)
- When it falls below 14.49 and receives resistance
- When it falls below 11.31
(Sell)
- When resistance is received in the section 23.03-24.70
- When receiving resistance in the section 27.20-30.38
If the price is maintained above the 27.20 point, it is expected to surge above the 32.10 point.
------------------------------------------------------------ -----------------------------------------------------
** 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-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** 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.)
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