✳️ Chainlink [NYA]Quick and simple: Chainlink is coming out of a major downtrend. This downtrend is now completely broken marked by the bottom pattern and high volume on the ensuing bullish breakout.
Prices now trading above EMA100 and MA200 is all the confirmation we need.
After a downtrend comes an uptrend, this uptrend can extend to the long-term.
This is a very strong bullish setup that points to straight up.
Great momentum, maximum speed and growth.
Namaste.
LINKBTC trade ideas
✳️ Chainlink vs Bitcoin Long-Term Higher Low | Trade or Learn?You need multiple signals to reach a conclusion...
Should I just go straight to the numbers, the chart with its potential or explain the signals?
Because one way is like teaching/learning, the other one is like showing an opportunity/trading.
12-April ends in a Doji with a perfect (-9), that's the TD Sequential indicator:
This is followed by three green candles, rising volume, bullish divergence with the RSI as the RSI moves above 50.
New low yet above 50 that's a very strong signal.
Also, we have multiple bullish signals and that's all we need.
Finally, the long-term higher low on the main chart.
That's it!
LINKBTC goes bullish.
Enjoy your weekend.
Namaste.
LINK/BTC - Chainlink: BBand_Breakout◳◱ A Bollinger Band breakout has been identified on the BIST:LINK / CRYPTOCAP:BTC chart. The price has moved outside of the upper Bollinger Band, indicating a potential bullish trend. The next resistance key levels are located at 0.0002629 | 0.0002714 | 0.0002847, and the major support zones can be found at 0.0002496 | 0.0002448 | 0.0002315. Consider buying at the current price zone of 0.0002577 and targeting higher levels.BBand_Squeeze
◰◲ General info :
▣ Name: Chainlink
▣ Rank: 21
▣ Exchanges: Binance, Kucoin, Huobipro, Poloniex, Bittrex, Kraken
▣ Category/Sector: Services - Data Management
▣ Overview: Chainlink is a decentralized oracle network. It aims to serve as a middleware between smart contracts on smart contracting platforms and external data sources, allowing smart contracts to securely access off-chain data feeds.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.0002577 ₿
▣ 24HVol: 151.488 ₿
▣ 24H Chng: 2.588%
▣ 7-Days Chng: 9.90%
▣ 1-Month Chng: 17.55%
▣ 3-Months Chng: 17.09%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.0002629 | 0.0002714 | 0.0002847
◢ Support: 0.0002496 | 0.0002448 | 0.0002315
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 1.58
▣ Last 90D: 1.09
▣ Last 1-Y: -0.25
▣ Last 3-Y: 0.78
◲◰ Volatility :
▣ Last 30D: 0.67
▣ Last 90D: 0.68
▣ Last 1-Y: 0.93
▣ Last 3-Y: 1.17
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.59 - Bullish
▣ Reddit sentiment score is 0.87 - V. Bullish
▣ In-depth LINKBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
▣ Welcome to the home of charting big: TradingView
Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30.
Discover it here - affiliate link -
Chainlink. CCIP edition.Here we are again. Treading water.
Speculation as to CCIP release in March, would line up with a breakout in the chart against BTC. Chainlink is notorious for missing deadlines, however it doesn't hurt to map out possibilities.
The chart must break upward from the blue Gann line otherwise it will make new lows against BTC. NFA.
Link BTC - eying 90% gain - in this downward market crashBeen watching Link for quit some time - I use longer time frames. on BTC chart. we have broken the falling wedge - as long as we hold weekly above 4000 satoshi. Broken a gann fan which it has been holding for quite some time.
This is one gigantic falling wedge. but you got to zoom out to see it. sometimes less noise from the market is better - and focus on the bigger picture.
Falling wedge - Next wave major - wave 5 . But lets not be greedy - will just target 0.618 fibo range as a medium term trade.
On USDT pair - we can see the gann angles - and a very clear accumulation pattern at the current range - the liquidity pool is used to accumulate more link. Very clear to see on the current size of the volume bar. Many alts broken down and made a lower lows, while link held the gann angle well. target is around 87% on usdt to the next zone as a minimum.
In addition, link is developing quite nicely and they have stacking incoming in December.
If there is anything currently in the market - there are only 4 tokens I've got my eyes on after completing from Matic and BNB. Currently Link is one of them.
Better image attached.
#LINKBTC - Bust Through a Few Layers for +20%An almost perfect symmetrical triangle setup, a fresh rejection on the support test and a Buy signal from CTv2 all point toward a large upward move incoming.
There are a potential few layers of resistance to try to bust up through on it's way to the upper bound edge of this wedge but movement has historically been quite strong and we think this boldness will continue for now.
20% or more over the next month.. 👀
If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
✳️ Chainlink | Is The Correction Over? (Name Your Altcoin #17 ✅)Is the correction over?
That's the first question that comes to mind when looking at the Chainlink vs Bitcoin (LINKBTC) chart.
A major uptrend developed after the May 2022 low that peaked early November.
In December a lower high was hit followed by a strong correction.
Few signals point to a potential end of this corrective wave.
1) Trading volume has been on the decline. Bear volume peaked in November and has gone much lower.
2) RSI Bullish divergence. The RSI hit bottom in December yet LINKBTC continued to hit new lows.
3) Back above 0.618 Fib. Prices went below the 0.618 Fib. retracement level for the May-November bullish wave. Today, LINKBTC is moving back above this level. This is a strong bullish signal if it can stay above it.
4) Other BTC pairs going bullish. Across the market, many of the altcoins vs bitcoin pairs have gone bullish with some going green 3 digits within a single day.
5) EW Flat. We have a perfect flat correction, 3-3-5. Signaling the potential end of the current move.
A reversal can happen here.
A higher low would lead to a higher high, let's find the next target.
Found, 0.00070782 for 130%.
Namaste.
Link / btc Upward trend 545 days! Pivot points. Potential $The LINK coin has been moving in an uptrend for a year and a half !!! 545 days !!!
Since the inception of the uptrend, the coin has now grown by more than + 1000%.
This is one of the rare coins that goes against the market.
Now there is a correction to the uptrend line. Watch the line of the uptrend when the price approaches it.
It is very likely that a large ascending triangle will form inside a huge expanding triangle. The uptrend will be supported by the uptrend line.
Entrance three options from the development of events:
1) From the uptrend line, if confirmed.
2) On a breakthrough or rollback after a breakthrough of an ascending triangle if this formation is formed.
3) Entry into the short if the line of the uptrend, the price breaks and fixes under it.
Target.
All targets in three trading options on the chart.
If this formation of the ascending triangle is confirmed, the wave potential inside the ascending triangle is + 80%.
Also, the development of the potential of the ascending triangle if it is formed + 200% of the resistance. Or +280% of the uptrend line.
If the uptrend line is broken down and the price consolidates below it, then the potential for working to lower the price opens, as the coin grew by more than 1000% against the market in a year and a half.
Stop Loss.
Under key support levels during your entry into the market. But when setting Stop-Loss, consider the potential volatility of this tool.
$LINK trying to break out of 3-year TLAs the saying goes picture is worth 1000 words.
- 3 previous touches
- 4th touch violation of TL
- 4th touch while forming bullish structure iH&S
At this levels, everything is a buy.
Spot, DCA in, whenever you can as much as you can.
My belief is ~0.0002100 sats was the bottom.