Chainlink - Only a matter of time.Hello Link Marines!
This is my first ever publication on TD, so go easy on my analysis!
I've been a huge Chainlink bull for a while now because of the projects strong fundamentals. However, I'm not alone
when I say that the LINK token hasn't performed as we all would've liked.
SO with that being said, what do we do in times like this? Do we just sell our bags like 99% of the other paper handed
Jimmies out there? The answer is NO (not financial advice obv) , I believe the time has come to accumulate!
Ever heard of Dollar cost averaging? Perhaps the strategy with the highest rate of success!
I also want to note the team over at Chainlink Labs will rollout the highly anticipated CCIP + Staking updates.
Although naysayers will say these are priced in, I would say look at the log chart stretching back to 2019. There
may not be a better opportunity before these updates propel Chainlink back into the top 10 and possibly even the
top 5 in market cap rankings.
** Important to note that Chainlink's price action against both Bitcoin and Ethereum has taken a BEATING since DeFi summer
2020 thus presenting a low risk buying opportunity.
Also important to note Chainlink was one of the best performers of the previous bull market. Although this may not happen again, I still
thought it was important to mention.
Cheers Marines!
****Not Financial advise***** BINANCE:LINKUSDT
LINKUSD
LINKUSD D2: DISTRIBUTION / 50% correction(SL/TP)(WARNING)Why get subbed to me on Tradingview?
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LINKUSD D2: DISTRIBUTION / 50% correction(SL/TP)(WARNING)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
NOT a setup to SHORT linkusd . Just showing
signs of weakness and recommend to stay out
of this market into the pullback.
🔸 Summary and potential trade setup
::: LINKUSD D2 chart review
::: 50% correction warning message
::: very limited upside from here / WEAK BOUNCE
::: hit top / resistance of the bullish channel
::: also noteworthy divergence
::: price/ RSI div very clear on D1/H8 TF
::: distribution price fractal
::: re-test key S/R near 10 USD
::: expecting correction/pullback mode
::: correction required to attract
::: new buyers from the lows
::: 40-60% correction possible next
::: 4-8 weeks in Q1 2022
::: right now limited upside
::: position traders should wait for
::: better entry prices later after
::: correction MODE up next
::: be careful don't get caught up in this
::: also overextended right now
::: BULLS remain on sidelines and
::: be ready to BUY LOW later
::: recommended strategy: STAY OUT / BUY LOW LATER
::: TP BEARS is +50% gains
::: BULLS stay out until correction is over
::: BULL seek to reload near 10.0 USD
::: 10.0 USD strong / horizontal S/R level
::: correction run not over yet
::: good luck traders!
::: BUY and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/CORRECTION
::: Sentiment short-term: BEARS/CORRECTION
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
(CHAINLINK) The market dunce with enormous potential.. Hello everyone !
Today H₿ Capital is analyzing LINK based on a « 2 Weeks » chart 📈
What we can see :
LINK has been one of the worst player during the last 12 months regarding its performance….. Worse than some Stock assets too… Very very disappointing for Hodlers (like me). By the way, LINK is one of the strongest fundamentals token in the market right now.
You cannot ignore the following : CCIP + Staking to be released this year + Eric Shmidt who joined the Chainlink foundation as an Advisor (ex CEO of Google 2001-2011).
Technically:
- LINK is progressing into a descending triangle (trend continuation pattern)
- It seems that we are actually in a « flat » ABC correction (to be confirmed soon with the 2 weeks candle ended this week , which could print on the chart a nice double bottom figure)
- Our white trend line act as a support for prices and this one must hold…
What we can expect :
- If prices failed to hold the white trend line + break the triangle support line (where prices are right now) we can expect Link to reach the 8$ area……..
- If prices manage to hold our white trend line + break the triangle with conviction, we can expect the following :
Triangle Breakout :
Target 1 = Distance between the mouth of the triangle added to te breakout
Target 2 = 100% extension of the first impulse move
Triangle Pullback :
Target 1 = Distance between the mouth of the triangle added to the pullback
Target 2 = 100% extension of the first impulse move
Trend-based Fib extension :
1.618 = 86$
2.618 = 131$
3.618 = 176$
IF YOU LIKE THIS POST, FEEL FREE TO LEAVE A LIKE AND FOLLOW ⭐ H₿ CAPITAL ⭐
MAY THE CRYPTO BE WITH YOU GUYS (D.Y.O.R)
IS LINK PROCESSING A CHAIN REACTION ???Happy New Years! fellow traders.
Today we consider the trading pair, LINK/USD
From the chart above we can see LINK price is in an ascending channel, tho not the most parallel one to the eye, but it fits.
Taking a look at our RSI, each time value entered the oversold region, a bounce occured right away, also aligning with price returning back to channel support and bouncing as well on each correction wave.
Currently in it's wave 4 correction wave, Price seems to have bottomed out, tho currently below channel support!!!
Should price fail to close a candle inside the channel, Downside is $13-$10.
However, if we do succesfully reclaim the channel, which i think we will, we will most likely see $200 Link, earlier than anticipated as well.
If you agree with this idea pls leave a like as well as your thoughts in the comments section.
As always, feedback is appreciated.
ChainLink Update: H&S ConfirmedChainLink just broke the most important support level at $16 and now the price is heading to the next support levels. The target projection of the main head and shoulders pattern is around $4 but before that we have some initial supports to hold the price at $10 and $5
Is LINK back from death? ☠️Hi everyone 👋🏽
🕊 Wish y'all have a profitable lifestyle 🍀
📌 LINKUSD- weekly Time Frame - Candlesticks
📌 W Pattern - Elliott Wave - Support Resistance zone - Double Bottom
📍 LINKUSDT is showing us some bullish signs after a very long boring correction moves
📍 We are in a very important support zone at the moment and I personally think that price is not going to break this level easily based on :
1- The double bottom pattern that chart has created
2- The possible W Pattern in weekly time frame
3- Fibonacci retracement 0.23%
📍 Chart has also created a very huge asymmetrical triangle (which is also a bullish sign)
⚠️ However, if the price does not hold this very important support zones we will see the 7.9$ - 8.45$ support zones
👉🏼 A very safe entry will be breaking the triangle:
⚠️ I do believe that we may see another retest of the current support zone after the retest of the triangle
👉🏼 Meaning that 27$-28$ price zones can be a big resistance level
📍 We do have a potential bullish RSI divergence in weekly and daily time frame which can be a confirmation of the W pattern.
📝 If you compare LINKUSD with BTCUSD during Feb - mid May you can figure out that LINK has done a better job, this time it may also happen.
THIS IS NOT A FINANCIAL ADVICE
PLEASE DO YOUR OWN RESEARCH BEFORE TAKING ANY SELL OR BUY POSITION
GOOD LUCK
NP TRADER
LINKUSDCalm before the storm
Whichever of the two scenarios happens in the coming weeks we will definitely see new highs!!
For now we are waiting to see what the market wants to tell us!!
- Do not forget portfolio management.
-To enter with criteria
and all you need is ONE GOOD TRADE
Happy Trading Everyone!