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LINKBULLUSD trade ideas

LINK: $6.5 one more time?Despite increased investors interest for LINK, during the previous week the coin modestly reverted to the downside. Highest weekly level reached was $8.5, however, there has not been market strength to reach the $9 long term resistance line. At the same time, a short reversal to the downside was up to the level of $7.3, still above $7.0 support line. Market continues to make shy trades, supported by the general insecurity over future macro conditions. During the week RSI went up, modestly below level of 60, however, as of the end of the week the indicator reached level of 48. Such moves are confirming that investors have still not clearly decided on the trading side. Moving average of 50 days started modest divergence from MA200 counterpart. It is still early to note if this is a new trend for MA50. At this moment, charts are clearly pointing to a $6.5 short term support line, which is to be tested in the coming days. There is no clear indication that this line could be breached to the downside. On the opposite side, there is a probability that LINK will revert to the upside and $8.0 resistance line to test it for one more time. At this moment, the $9.0 long term resistance line is shortly postponed.
COINBASE:LINKUSD
by XBTFX
Chainlink : The 4th Industrial RevolutionToday H₿ Capital is analyzing LINK based on a (2W) chart 📈 What is ChainLink ? Chainlink is a decentralized blockchain oracle network built on Ethereum. The network is intended to be used to facilitate the transfer of tamper-proof data from Off-chain sources to On-chain smart contracts. This solution is important because currently, most smart contracts are “isolated” on the blockchain, which means they can only interact with other contracts on that same blockchain. This limits their usefulness, because in the real world, data doesn’t live on just one blockchain. In order for adoption to truly take hold, different systems need to be able to talk to each other in a seamless and secure way. Chainlink solves this problem by providing a way for smart contracts to access data from off-chain sources. This data can be anything from cryptocurrency prices to weather data or even individual identity information. In 2021 Chainlink has signed Eric Schmidt, Google former CEO, as a strategic advisor. Recently, the Interbank messaging system "SWIFT" has partnered with price oracle provider Chainlink to work on a proof-of-concept (PoC) project which would allow traditional finance firms the ability to transact across blockchain networks. To fully understand the extent of this partnership, remember that SWIFT is the most widely used interbank communication platform for cross-border payments. In particular, it connects more than 11,000 banks around the world and records an average of more than 40 million daily transactions (are you bullish now ?). Technical Analysis What we can see : - LINK made a complete Elliott Cycle started in June 2018 with the first leg of the impulsive wave (1,2,3,4,5) - Back in may 2021, following the bitcoin crash, Link started its " A B C" corrective wave movement in a "regular flat" structure (3,3,5) - By using Fibonacci retracements from the beginning of wave 1 (0,16$) to the top of wave 5 (52$) we can see that prices have stabilized on the 0,886 fib level (which generally indicates a potential bottom). Reasons to be bullish : - The spreads (long / short) are very low - Prices closed above the Tenkan and seem to hold it - Prices break the first downtrend line - MACD seems ready to initiate a bullish crossing - The slow stochastic wants to leave the oversold region So regarding all of the above informations, it seems that Link is ready to start a new Elliot cycle (1,2,3,4,5 / ABC) Two scenarios we can expect : Case #1 : Bulls - Prices take support on the Tenkan and break with conviction the 10$ area where we have a massive resistance (Kijun + SSB flat alignment) - RSI closes above level 46,67 / The stochastic closes above the oversold region / MACD crosses bullish R1 ----> Kijun flat (22$) R2----> Second downtrend line contact R3 ----> SSB + Kijun flat alignment : (28$) R4 ----> ATH (52$) TP1 ----> 89 $ (1,618 Fib level) TP2 ----> 142 $ (2.618 Fib level) TP3 ----> 194 $ (3.618 Fib level) Case #2 : Bears - Prices close below the Tenkan and below our first downtrend line. - RSI fails to break the 46,67 level / Stochastic fails to leave the oversold region / MACD doesn't cross bullish TP1 ----> 6,14 $ (0,886 Fib level) TP2 ----> 4,57 $ (Top of the biggest VPVR bar) TP3 ----> 3,46 $ (VPVR - Point of control) Good luck traders, may the crypto be with you 🍀 FEEL FREE TO LEAVE A LIKE AND FOLLOW ⭐ H₿ CAPITAL ⭐
COINBASE:LINKUSD
by Hector_Bienvenu
Hunter's Rally The next full moon is Hunter's moon on October 9th 2022 at 10pm right on the next Fib Time sequence also right at the end of the triangle. All things are aligning together , when the universe aligns things like this , its is a very special moment that must be taken advantage of. I do not have a logical explanation of what is occurring right now , all I do is trade it , it happens a few times every Bitcoin cycle and this is one of them. The next rally starts with Chainlink leading the market , the LINK/BTC dominance will break out on the full moon date also. If you want to check out trading plan for this move click the TA below. Things just line up together mostly under the start of full moons ,if you don't believe you will soon.
COINBASE:LINKUSDLong
by Sporia
13
Link Short Set Up 🔻📉LINKUSD 4HR SHORT LINK is hitting bigger resistance at multiple trend lines with the possibility of a triple top on the LTF Entry 1: $7.99-8.15 Target 1: $7.05 Target 2: $6.80 Stop Loss: 2-4% based on your own risk tolerance. Consider moving stop loss to break even after the trade becomes in the money 3-5% to minimize risk. If a wick stops you out simply wait to see if we confirm back below the trend line before re-entering. Never chase a trade or force it if the market becomes choppy. Never trade with out a stop loss, especially on a short.
BINANCEUS:LINKUSDShort
by jlouvierobv
LINK: positive newsNegative market sentiment continued to shape the financial markets, where the price of LINK was pushed to the downside, to the level of $6.5 at the beginning of the week. Regardless of this drop in the price, the positive news is that the price of the coin soon reverted back to the levels from the end of the previous week. It shows that the market still has positive sentiment for this coin. RSI was moving between 44 and 55, showing that the market continues to be oriented toward the overbought side, regardless of the modest drop in the price at the beginning of the week. Moving averages are slowing with their convergence, but still they continue to move in this direction. The golden cross is still not in store, but it might be in the future. During the last three weeks charts are pointing at the long term resistance line at $9.0 for LINK. It still continues, considering that the coin showed that there are not enough selling orders which might push the coin clearly below the $7.0 support line. At the beginning of the week ahead LINK will clearly test $8.0 next resistance, with high probability that it might head further to $9.0 long term resistance.
COINBASE:LINKUSD
by XBTFX
testlinkTradr Pro™ now comes integrated with TradingView which allows you to back-test any of your alerts and see where they triggered on a live chart. Click the Chart icon on any of your alerts and we'll show you a chart with the correct indicator and timeframe settings pre-selected. Alert triggers will be highlighted on the chart by colored arrows. Green for bullish alerts, red for bearish alerts, and white for directionless alerts. You can also switch between timeframes and select other indicators in the chart's side menu which allows you to back-test and explore how our other indicators behave. Seeing your alerts on a chart is also a great way to learn and recognize the reason why these alerts triggered.
BINANCE:LINKUSD.P
by luisgvillarreal