LINKUSDT
Preparing for Big Chainlink TradeTime is coming , we are approaching October 2022 and when October comes and this 3.618 Time Fib hits we are going to get a candle breaking us out of this triangle.
It is in fact Chain link time fib count on the LINK/BTC dominance that started to unlock this powerful fib time sequence for Bitcoin and link itself check it out below.
It is still a 100% win rate fib count to this date , yes 100% check it out , last count did not act as pump but showed us a LINK bottom.
Come October we will get a breakout of the Dominance I expect .
Chain Link Fib Count
.0618 - This date is important because it's when Link hit 20 dollars for the first time, it was an important level to hit that resulted in over 140days of consolidation.
1.618 -All time high , yes this fib count lands right up there .
2.618 - This was a major pivot point down for the link which confirmed the bear market because it created its first lower low on the weekly.
3.618- First week of October 2022 , this could be the week Link starts increasing in momentum.
I go over this in more detail in the TA below .
Not only do we have this insane Fib count for Chain Link but if you check the TA below and press play you will see something amazing unfold.
The game plan is as follows , stock up on x3 leveraged tokens on FTX exchange ,they are one of the few that offer LINK tokens x3 , we ride it up to 24-30 dollars from October 2022 to February 2023 , no funding rate fees, no liquidation number to think about just sit back and let it ride.
I have a lot of confidence trading Link fib time sequences so we going big on this one no holding back.
Waited 539 days for this moment (LINK)The moment has finally come after waiting since Chainlink cycle peak May 10th 2021, its been 539days of downwards(since Cycle peak ) resistance on the dominance but finally we have a clean break.
This chart has showed us the future step by step and has been correct all the way. This Fib time Chainlink count has been correct for years now.
This was the strongest clue for me that the bottom was in for crypto , the last fib count on May 23rd 2022 signaled a bottom for the dominance and for the price of chainlink.
out of all the evidence that came in that the Bitcoin bottom is in , well atleast the "first" bottom , this was the chart that confirmed most things for me .
The time fib count yet again happen to be a important moment for chainlink showing that chainlink bottomed around this time.
Since August 2020 link has been moving down in domaince vs Bitcoin but finally we have had a major breakout which should signal a big move for Chainlink price since historically thats that what happens when dominance goes up.
There is another Time Fib count im following on chainlink aswell but this time its on the price chart check it out below.
What is also very interesting is that the 618 fib is where chainlink cycle peaked, so is it possible that we going to make a move up to 618?
Its been an amazing couple of years using this Fib count for Chainlink and as each count passes the time for the next extends so the next date is April 2024! .
20% for LINK possibleSimilar setup like LIT before jumped up. Quite strong PA. I like it. Red MA as a next target - this can give us 20% profit. But be careful if FED ruin the party with the news of increasing interest rates today - this can shake with markets. GL
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NOT A FINANCIAL ADVICE
LINKUSD 2D: 40%+ CORRECTION WARNING(SL/TP)(NEW)Why get subbed to me on Tradingview?
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LINKUSD 2D: 40%+ CORRECTION WARNING(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: LINKUSD 2days/candle chart review
::: 40% CORRECTION WARNING
::: updated/revised outlook
::: distribution in range / weak chart
::: limited upside / expect dump from HIGHS
::: weakness will last for 4-8 weeks
::: LOG SCALE chart
::: not a great looking chart
::: RISING WEDGE BEARS taking over
::: FTX/FTT bankruptcy will pull crypto down
::: CLEAN REJECTION AT recent highs
::: S/R was re-tested produced WEAK bounces
::: final BOUNCE possible now before DUMP
::: also noteworthy sequence of lower highs
::: recommended strat: MARKET SHORT IT
::: final TP BEARS is 4.00/4.20 usd
::: 40-45% correction possible next
::: 4-8 weeks in November/December 2022
::: right now no upside in this market
::: position traders should wait for
::: better entry prices later after
::: no upside in this market it's game over
::: recommended strategy: SHORT SELL AT MARKET
::: TP BEARS is +40% gains - near 4.00 USD
::: BULLS stay out until correction is over
::: SWING TRADE: SHORT/HOLD IT
::: 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/40%
::: Sentiment short-term: DUMP/GAMEOVER
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 Drops 22%, Triple Tops Forms Past Performance of Chainlink
Chainlink is down 22 percent from this week's highs as bears wreak havoc. Technically, there is a bearish engulfing bar with high trading volumes pointing to participation and, mostly, the exit of liquidity. As it is, LINK traders can search for entries to dump the token, expecting further losses toward 2022 lows in the short to medium term.
#Chainlink Technical Analysis
There is a triple top formation in the daily chart. Notably, the November 8 bar is with high volumes and wide-ranging, rejecting gains above Q3 2022 highs at around $9.5. Therefore, since the trend has been developed and fundamental factors support sellers, because fear grips the market, aggressive traders can look to unload with targets at $6.2 and later $5.2—2022 lows as they realign with the primary trend. This was established in H1 2022. Presently, losses that push LINK to print new 2022 lows will be in continuation with early this year's losses.
What to Expect from #LINK?
Traders are apprehensive and looking for safety. Subsequently, most, as the chart shows, are dumping the coin, contributing to the sell-off. As long as LINK is below $9.5, the token might drop to new 2022 lows.
Resistance level to watch out for: $9.5
Support level to watch out for: $6.2
Disclaimer: Opinions expressed are not investment advice. Do your research.
ChainLink - Looking StrongI like this chart of LINK to be honest, nice ranging for some time of consolidation - looks primed for a decent move up.
Breaking the mid-range now to the upside - want this to hold.
Nothing to get too crazy excited about yet, but breaking above this macro (larger) range would be huge, that is what I'm anticipating.
I've watched this same chart for some time and it is respecting levels nicely, grinding up and holding demand.
LINK Marines may just push this one higher.
V
LINKUSDT The link has broken through the accumulative triangle and goes to its strongest resistance at $9,360, before going through resistances at $9,009 and $9,360. From the top (05/08/2021) until today, LINK has already corrected 80.93% and in view of the very high foundation it has, we may have ascending times close. His next supports are at $8,764 and $8,591. Your RSI on the 1H chart is overbought, so be wary of going long.
**All descriptions are for reference only and do not guarantee profit or loss on the investment.NO INVESTMENT ADVICE.
www.tradewithrenato.com
LINK/USDT - Major Resistance Breakout 🚀Looking at one of our favorite cryptos; Chainlink $LINK on the 4H and 1H charts.
Broke through a major resistance during this recent crypto market pump.
Some might say this could be a "buy the rumor, sell the news" situation with the staking & CCIP incoming.
Time will tell. Either way, we're pretty bullish on the project!
-TucciNomics
Chief Overlord, AlgoBuddy
Chainlink (LINK) - November 5Hello?
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(LINKUSDT 1W Chart)
Whether the price can rise above 11.064 and sustain is the key.
(1D chart)
If the price is maintained by rising above the 8.290-8.822 section, it is expected to rise above 9.869.
However, the key is whether it can move above 11.064, which is an important support and resistance point, so you need to think about how to respond.
The reason is that the trend-determining interval is formed over the 11.976-15.374 interval.
If it goes down, you should check to see if it finds support in the 6.7-7.411 zone.
If it doesn't, it is likely to drop to around 4.976.
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** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator contains indicators that indicate support and resistance points.
** HA SRRC indicators are expressed as StochRSI(line), RSI(columns), CCI(bgcolor).
** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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A REALISTIC APPROACH TO 1000$ LINKHello Everyone, MrBanker is here. I present you with 3 ideas about how the LINK will reach 1000$.
First Theory:
- A 5 wave move is completed back in May 2021. Which also completed the 1st wave of the bigger degree.
- The LINK is now showing a rather complex correction which is also an accumulation zone.
- After this correction, we should observe a soaring move into 1000$ which will be only a fraction of the biggest 3rd Wave.
Second Theory:
- The indicator is especially customized for LINK in a Weekly timeframe.
- According to this indicator, LINK had two major tops and four major bottoms. Which also indicates a buy zone for LINK at this moment.
- For the LINK to reach 1000$ level, expect at least 1 year long minor bull and bear markets during that period. Which will be eventually shown in the custom made indicator.
Third Theory:
- Based on a realistic approach, LINK must first break through the ultimate resistance line starting from 2019.
- The upcoming CCIP and Staking will be great catalysts for a major pump. Considering that almost every LINK owner is waiting for Staking which will reduce the circulating supply drastically and increase the demand for the token enormously.
- By all these combinations of theories, LINK will definitely reach 1000 Dollars but the exact time is uncertain.
Trade Safe,
MrBanker
[UPDATE LINK] What can happen?Chainlink move:
Short term:
1) small pump up to 9-10$, dump
2) dump to the mid-range of the small range (7$), pump to 12-17$, deviation, then dump (during the staking december season)
Long term:
1) deviation, consolidate in the 4-6$ range, initiate new pump
2) consolidate in the 4-6$ range, final dump to may 2020 prices, consolidation, initiate new pump
This is true for link and for many other alts.