Following LINKjust a quick update on the chain-link analysis. I will be following this one any group input is welcomed.
LINKBULLUSD trade ideas
Did some shopping on this dip $LINK $FARM $ALICE $JASMYDid some #crypto shopping on this dip, had cash from recent sells, still have $
Buying things that haven't moved as much or are likely in process of moving bigger
Nibbled tracker position on $JASMY b4 but bought a building position here
Upped cost basis on $ALICE
#p2e #metaverse #NFT
$FARM & $LINK are more for trades
Although #FARM does move, may reconsider
LINK - Crab market and macro outlookIt’s been a while since we updated Chainlink and to be honest the past weeks haven’t been very interesting regarding the price action. As some of our subscribers know, besides Solana I count Chainlink to my most favorite altcoins. The whole project is on track, the fundamentals are strong for the upcoming bullrun and with the exception of some minor details the chart looks pretty good.
I slightly changed our count since the last update and as you can see on the chart, we still believe that Chainlink needs to push below 5.286$ one last time. This is really important because the price established a very complicated WXYXZ correction, and it would be very beneficial for Chainlink if it would finish the last bearish impulse (marked in red). It appears that the price is trading inside a channel and didn’t manage to break out of it since mid-November.
But hear me out, IF Chainlink SHOULD break out of this triangle and form a bullish reversal, we will update our count according to our bullish alternative. This however heavily depends on how bitcoin and Ethereum move in the next days, as I stated in these updates, I estimate that the majority of the market will start with a wave (ii) correction.
However, if everything should behave according to our primary count, we will certainly begin to accumulate further positions below 5.286$! Stay tuned and make sure to check the updates, a bullish reversal is very likely, and it wouldn’t surprise me if Chainlink spikes by 10%-15% in a day.
Additionally, I want to provide our Macrocount with everyone who is invested in this project for the next few years. Our price target ranges from 90$ - 110$, it depends on how the whole cryptomarket will perform and if the Chainlink Team manages to exceed investors expectations in the next years.
Some people may disagree with us, but we think that a price Target of 100$ is possible and NO JOKE!
Please notice that we are already invested in Chainlink since the 20th of June, back then we announced our first positions here on tradingview.
If you should have any questions whatsoever, you can write a comment or contact me directly!
Long Chainlink (LINKUSD)
AVERAGE EXECUTION PRICE: 6.17$
STOP-LOSS: NONE
LONGERM Target: +90$
Link breaking above last potential top trendline of triangleIt’s still unclear whether or not link’s macro pattern is more valid as a falling wedge or a symmetrical triangle, however it seems now that we are finally closing daily candles above the last potential top trendline for that pattern. That trendline is most valid on the weekly chart so we still need to close the current weekly candle above the white trendline..after that we should see the follow up weekly candle confirm the white trendline as support on a retest ….if the follow up weekly candle closes above the white trendline odds are very good at that point the breakout will be validated…it may wait until the 3rd weekly candle to start the bullish impulse…or it could come as early as the current weekly candle…will have to see how the next few weekly candles play out. I chose to show this chart on the daily time frame instead of the weekly to illustrate how price action is also now back above both the 1 day 50 and 200 moving averages. If it can hold the daily 200ma as support during the next few weekly closes then the breakout will be confirmed. *not financial advice*
✴️ Chainlink | We Have A Winner (Trade Inside)The same theory I just mentioned with Polkadot, is course valid for our Chainlink trade.
As soon as we decided to jump in, prices started to increase.
This is a great positive omen.
It would be bad to see a strong drop right after we go bullish, don't you think?
You have to look at the stop-loss right away, start to calculate your risk and how to get out in case the drop becomes stronger...
But since we have a bullish breakout right after we gave the go, we are already in the green with the first target at 45%+... Much more to come.
See the full trade signal below: ✴️ Chainlink 5X Lev. (~100% to 390% Potential)
Thanks for reading and for your continued support, you are always appreciated.
Namaste.
LINK: short correction?In line with expectations based on charts analysis, LINK continued to test the $7.0 resistance line during the previous week. The line has not been clearly breached, due to lower trading volumes and negative news related to Genesis bankruptcy filings. During the previous week markets were much more focused on major coins on the market, rather on altcoins. But, overall, LINK had a solid week.
Two weeks ago RSI reached a clear overbought side, but during the previous week, the indicator was still holding above level of 50. Another move toward the 70 line is unlikely at this moment, in which sense, there is an increased probability that LINK will enter into a short price correction to the downside. Moving averages of 50 days diverge further from the MA200 counterpart, which is further decreasing the probability of potential cross.
Charts are pointing to the potential of a short reversal. However, it should not be expected any sort of significant price move to the downside, rather $6.5 could be tested for one more time. On the opposite side, there is a decreased probability for $7.0 to be breached to the upside, but the coin will start the week ahead by testing this level.
Chainlink About To PopHow High do you think Chainlink can go?? Im saying $150 per coin but a revisit up to $50 is almost guaranteed.
$LINK Mansfield StagesI think LINK is getting ready to move higher. Bottom appears to be and we are forming Stage 1 again. Need to turn 30 week MA into support from resistance.
LINKUSD - Elliot Wave Count + Bat HarmonicThe correction on chainlink looks like it could be a expanded flat, currently within the impulsive wave c.
If this is Wave 2 of a larger impulsive wave up, then wave 2 may not complete until link is within the $5.58 range.
Link in "bullish" mantra.Hello again, I do not forgot on Chainlink fans.
I will update this chart. It's good to have some Defi king in future bag.
Especially, when its CEO is one of few really suspicious as Bitcoin founder ( Satoshi ) ;- )
However Link is still in pure downtrend with some higher lows and highs.
potentially aiming to 382 Fibo in my mind, where would be bottom at the support of this channel.
Like Bitcoins, we should see some pivot ( maybe higher ) first. But without any guarantees.
This time, I like to focus on my target, as far it seems the same with BTC, ETH , etc...
I just can't find any imporatant high crypto margets above are at the moment...
I will believe later, when Chainlink hits 3 Dollar teritorry.
It is , how it is and would change in near future.
Always with care and ready,
Emvo.
*This is not any financial advice.
CHAINLINK: Hidden Bearish Divergence at PCZ of Bearish GartleyI think link might be setting up for a major pullback this morning as it's showing MACD and RSI Weakness at an Hourly Gartley PCZ and at Resistance.
Chainlink UpdateChainlink was one of the coins I get wrong in 2022 , you can check out that invalided TA below :
Where does it leave it in 2023? , its been tricky placing Gann Fans and Trend based Fib time tools on LINK because the RSI hit multi times at the same level so did the price.
LINK hit 5.3 dollars five times over the last 252 days but never closed under , it seems to have a massive sell wall at 9.5 dollars . The pattern doesn't resemble any past price so been rather lost with this one. Price hasn't been moving like LINK normally moves in the past , it seems this price range has been very weird not very organic if you ask me.
I have set a trend fib time using elliott wave indicator tradingview has to offer and according to that wave C finished June 2022 so trend fib time is placed from Wave Count 5 to C.
Week of:
Monday 2nd January 2023 -0.5 Fib
Monday 13th February 2023 -0.618 Fib
Monday 18th March 2024 -1.618 Fib
The last date is the same week as the Bitcoin halving which is pretty interesting but time shall tell if these dates have pivots so far 0.5 has resulted in some action.
Looking the LINK/BTC dominance chart we can see that this level is very important , there is a lot of confluence in this area and holding support here would be great to see.
So to conclude not much to go on short term once we break 9.5 dollars and the 2/1 Gann Fan then will revisit.
LNKUSD; Target Price 7.11; Entry Price 6.57; P (6.58)LNKUSD Confluence: Pivot Point P (6.58); Channel Support; Pin Bar
Wyckoff Accumulation Phases for $LINKCOINBASE:LINKUSD
Hi people,
Last time I published an idea here was almost 4 years ago which I DCA'd into Link token. Price went all the way up to $50's. Twas all sunshine and rainbows with price predictions of $1KEOY all over twittersphere. Then came the bears.
During this cold season and absolute shitshow going on in cryptospace, Link token and fellow marines (which I consider myself one) experienced a heavy decline with considerable depreciation against BTC and therefor USD.
Finally after this ugly cold bear season here we are again with a possible Wyckoff accumulation phase. Congrats to fellow marines who managed to survive till now. It's still cold out there but bears are ready to hibernate.
Here is my 2 cents on current LINK/USD chart:
Chainlink has spent months in this zone printing a choppy sideways PA. With all $LINK fundamentals available I think we are ready for a strong price markup.
First phase of staking is completed.
CCIP, DECO all getting ready to roll out.
On March 2023, Swift will implement and start ISO 20022 migration. Which is a huge thing for $LINK.
Link partnerships are at ATH, Chainlink dominates.
I expect CCIP (Cross Chain Interoperability Platform) maybe rolled out around that SWIFT timeframe.
Chainlink Labs is hiring talent relentlessly.
IYKYK.
With most of my $LINKs already staked I once again started to accumulate some more for long term hodl'ing.
On my chart you can see possible Wyckoff accumulation phases. I happen to prefer horizontal levels for my analysis, which works better for me. Preliminary supply, selling climax, change of behavior, secondary tests, upthrusts all there.
TBH I would expect that spring action go lower but I learnt from experience that during these kind of silent and boring days market can move pretty quick and leave you behind.
As old adage says: never short a dull market.
Now it's a waiting game for me. I already staked my tokens and feeling comfy (can't move them anyway).
And with my new linkies in my wallet I'm feeling confident on my analysis.
Let me warn you tho. I have strong opinions weakly held. I'm willing to react as market situations evolve.
I'll try to keep this chart updated. Stay safe.
LFG!
Not Financial Advice. Educational purposes only. Please manage your own risk.
LINK: $7.0 will be testedDuring the previous week LINK was following generally increased investors optimism on financial markets. Daily trading volumes were modestly increased, so the coin took the uptrend, moving from level of $5.77 up to $7.0 resistance line. This was a relatively modest performance from LINK, if we take into consideration movements from many other altcoins. Still, it shows the potential that this coin has for even higher grounds in the coming period.
The RSI went to the level of 67, which is quite close to the overbought market, but it is still not the clear overbought side. It might indicate the possibility for the price to be pushed further to the upside, until the clear overbought indication. At the same time, MA50 is moving away from its MA200 counterpart, decreasing the probability of potential cross in the coming period.
After reaching the $7.0 resistance line, LINK reverted a bit to the downside, ending the week around $6.7. There is a high probability that the coin will continue to test the $7.0 resistance line at the beginning of the week ahead. There is lower probability that this level might be breached to the upside, in which sense, the coin could revert a bit to the downside, and short term stop line at $6.5.
LINK_longI can see good RRR for LINK now.Personally put some cash already and will see if we can see 30% of reward in the couple of weeks.The price will not go under 4usd hopefully(my SL).
Happy 2023! :) GL.
Chainlink (LINK) to $48On the above 2-day chart price action has corrected 90% from $52 despite the best efforts from the maxis. Missed my $3 target by a couple of dollars. Now is an excellent moment for long positions. Why?
1) The ‘incredible buy’ signal prints. On the 2-day, don't ignore.
2) Price action resistance breakout.
3) RSI resistance breakout. This is huge. 2 long years of resistance. The number of bulls on Chainlink during this period was incredible. Lesson, RSI resistance in play? DO NOTHING. You must wait for confirmation of a breakout. That is now confirmed.
4) Regular bullish divergence. 11 oscillators are currently bullish divergence across a 2-month period.
5) Lastly the 2-day BTC pair (below). For the last 2 years price action has been printing within a sizeable bull flag. 3 rejections from the upper channel whilst the above RSI resistance has been active. The 4th attempt will likely break through. IF that happens Chainlink will make a 2000% gain against Bitcoin.
Is it possible price action falls further? Sure.
Is it probable? No and no.
Ww
PS: not in this trade, you must ask for updates below, following Ww is not a strategy.
Type: trade
Risk: 6% of portfolio
Timeframe: You know, I’ve no idea.
Return: 500% and if $48 becomes support, we’ll look at it then.
2-day BTC pair
#CHAINLINK TO $147... A Crypto UnicornVery Bullish on #LINK
And I believe should be a key holding in your #Crypto portfolio.
It has a MOAT after years of development
A Value creating leader
and cornerstone of the coming smart contracts and smart applications being built on #ETH
LINK reaching the bottom ?The bottom could be near. A big falling wedge is coming to an end.
LINK could be breaking out around March-April with a potential target of 35$ during this year.
LINK: $6.0 is on holdEnd of the previous year was pretty challenging for the crypto market. A lot of negative news related to FTX contingencies shaped the sentiment of investors. LINK ended the previous year at a $5.5 short support line, with the question if the start of the new year could bring some relief on the selling side?
During the last week of December, LINK managed to break the $6.0 support line, reaching minimum weekly level at $5.4. First week of January brought some buying orders, but still, due to the holiday season, total daily trading volume was insufficient in order to push the price back to the $6.0 resistance line. The highest weekly level reached was $5.8, where the LINK is finishing the week. In line with modest market moves, RSI made incremental changes from the level of 36 up to 46. There is still no signal that the market is eyeing the overbought side. Moving average of 50 days started its divergence from MA200 counterpart, which decreases probability of potential cross in the near future.
As per current charts, the probable target of LINK would be the $6.0 resistance line in the coming period. However, considering low daily trading volumes, currently it might be a struggle for this coin. On the opposite side, a short support line at $5.5 might be tested for one more time.
LINKUSD - Bullish Divergence I think chain link marines are accumulating. I expect a rather strong snap into a 3rd impulsive wave if the rest of the markets move sideways.
Read more about the accumulation distribution indicator here: www.tradingview.com
LINKUSD - POSSIBLE SCENARIO #2Just charting a couple different possible scenarios for Chainlink because I'm bored. This is similar to the one I previously posted but with less downside and a lower cycle top. Keep in mind I am not trading this or using this as a strategy whatsoever, just some random TA for me to practice with tbh
