LINKUSD
LINK/USD long term- LINK/USD pair at long term support, bears were rejected on three weekly candles
- bounced off 100 weekly MA, which closely follows and supports the uptrend from the beginning
- weekly Stoch RSI oversold and ready to cross up in the next week or two
- if the market peaks around March of 2022, we are looking at around $150 LINK
- one of the strongest tokens fundamentally.
Good luck!
Long term support crosses over medium term falling wedgeLong term support crosses over medium term falling wedge formation. Having broken out of wedge, price action indicates a test of support on this “wedge” ceiling before rallying higher.
Murphy’s Law states that it will go lower. Perhaps one or two more tests of the wedge-ceiling-turned-floor?
When you see someone hyphenate 4 words together you should know: This is not financial advice :) And even if only for entertainment, it’s darn interesting seeing how these support/resistance trend lines meet up with the candle sticks over longer periods.
LINKUSDT - TP and SL for this breakoutBYBIT:LINKUSDT
1H trend chart
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LINK has broken out its short-term downtrend line and kept consolidating whet it was close to Fib 0.5
After squeezing and accumulating, we can follow this trading strategy as below.
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Profit Targets:
a) 20.730----Fib(0.618)
b) 22.898----Fib(1)
c) 24.442~25.066----Fib(1.272~1.382
Stop losses:
a) 18.773-----Red horizontal ray
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Chainlink $30 incomingHello all. Looking at chainlink on the daily chart we see that we found support around $18 right at the long ascending support line (yellow line).
If we draw a resistance on the daily timeframe we get a resistance sitting at around $31-$32.
The fibonacci retracement from swing high to swing low gives us a golden pocket target which sits at around $29. This also corresponds with the downtrending resistance line which makes me speculate that chainlink will hit this target for a retest.
This price target puts chainlink at 55% gain for the short term.
Bullish signs to look for: Oversold stochastic Rsi, price to break current resistance around $20, golden cross.
Thanks for reading ,and stay tuned. Enjoy.
Link possible next move ? My expectations from LINKUSDTHi, Linkusdt it one of my favorite coins after AVAX as you know weeks back i posted about avax where it can go you can check yourself where it was at that day
I personally bought Link in parts my average price was 16.75 then I sell at 22.01. I don't like to give my profits back to the market and don't shy to book profits and now i am looking to buy again.
You can buy some here and then at 17, 16.5, and 15.5 I am personally buying here then i will look around 22-23 how the market is behaving if its all good then will wait for 26.
there is Pattern forming most basic one there is no need to explain that as you can see yourself i personally don't focus on the pattern that all comes down to volume upon all these patterns based on
Thank you
LINK Momentum Selling Over.I am a relatively new trader, so I hesitate to post an analysis, but I believe I can shed some light on what we are seeing with LINK. I remember seeing this pattern before. A sharp low is set, that low is tested again, then momentum takes over. Only to see momentum buyers punished for not buying the very bottom. As I see it, the selling we are seeing now is punishing those who bought the recent momentum that took LINK to $23. But I believe the selling is starting to become exhausted as the $18 price level has held strong thus far. Staying focused that the trend line from this summer's low doesn't break, LINK may be free and clear to run higher. Look for the momentum high around $23 to break in the next few days. From there, the path should be top of range into the mid $30s.
LINKUSDT , We should wait ...Good Evening guys
LINK is one of the most powerful project that is working on ...
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According to the chart, the price after impacted to the resistance is fell down and now its in minor support zone area, if it cant support in here the price can drop more to reach lower PRZ level.
Previous analysis :
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Good Luck
Abtin
Chainlink Survives Crypto Crash: Slightly Altered Bullish SetupChainlink ( LINKUSD ) pulled back violently along with the rest of the crypto space on December 3-4. While some cryptos had their bullish setups destroyed and others were left relatively unscathed, LINK falls in between. While the nested very bullish PURPLE 1-2,i-ii setup that we had got invalidated with the break of the 20.83 low that we had with what WAS the purple subwave (ii), LINK did NOT break the midsummer low of 13.55, which will now serve as MAJOR support. Breaking that would put us in the Red Alt pattern, which can take us down into the 10-dollar range.
Our new GREEN pattern sees this recent low of 16.87 as the true subwave (ii) with the previous purple subwave (i) remaining as-is. As the new green pattern has this deeper subwave (ii) retracement, our projected targets drop slightly across the board. If we can hold the 20.83 support on any pullbacks, our subwave (iii) is targeting 71 - 92 for nearly 3.5x return. After a possibly lengthy 4th wave sideways consolidation, the subwave (v) and our eventual rally top projects between 107 and 137 for a 5.5x return.
If you already bought the dip (BTFD), good on you! But as always, please be mindful of your own risk-tolerance and investing strategy. If you're still looking to buy, DCA (dollar-cost averaging) may be a good choice as it reduces emotional attachments and reduces the risk of buying peaks.
The 0.382 extension of the larger structure at around 124 remains a very strong long-term resistance that I don't expect to clear on this current bull run. In fact, I believe that it will coincide with the major long-term top we will see in BTC and ETH after which we may have a painful correction across all the cryptos. This top would be a great time to take profit and reinvest into other asset classes or Stablecoins. I would expect LINK to fall hard but BTC and ETH to fall even harder and much longer as they will be topping in a MAJOR wave 5 off of a nearly decade-long impulse wave.
But there is a great silver lining in what may be a multi-month or even multi-year swoon in the crypto sector. While the major cryptos such as BTC and ETH may underperform, LINK could be entering a strong 3rd wave rally. Assuming that our rally from around 13 to 124 is only a subwave 1 or a much larger 3rd wave, we've got clean targets for 450 and well beyond. In other words, the long, grueling Wave 2 pullback may provide us a GOLDEN opportunity to make a life-altering purchase with outsized returns in subsequent years! If you've missed out on buying LINK or are feeling FOMO, remember to keep you eyes on the prize!
I use Elliott Wave analysis to project price levels for different assets and asset classes. EW is a form a technical analysis that is absolutely NOT based on fundamentals. Please be aware that this video is not intended to act as financial advice. I am not a trained or certified financial professional. You may invest based on a strategy tailored to your own skill and risk-tolerance levels.
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