LINK/USD Elliot Wave count 1H TFChainlink may start to go up using a leading diagonal. it will be a 3rd or a C? We will see. If you like subscribe for future updates!
LINKUSD.P trade ideas
1, 2, 3Goodluck everyone!
Bears, Bulls, Whales
I'm not a financial advisor.
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Soaring with the winds and tides to land on the shores of financial freedom.
LINK: $6 support holding stronglyLINK started July with side trading. After reaching the $6 support line, there has not been further market strength to push the price to the downside, so the price managed strongly to hold to this level. This is actually good news for LINK, considering overall negative market sentiment due to macroeconomic developments.
The price range during the week was $6.13 up to $6.8. Resistance line at $7.0 has not been clearly tested which leaves some space for the coin to test it in the coming period. RSI reflected market side trading and was moving between 46 and 48. There is still no clear indication that the market is ready to push the price toward the overbought territory.
Technical analysis is pointing to a potential for a $7.0 resistance line to be tested in the coming period. In case that this level is breached to the upside, long term resistance line at $8 might be LINK`s next target, however, there is no clear indication that this might happen during the week ahead. On the opposite side, a probability is holding for the $6 support line to be tested once again.
LINK - DIAMOND BOTTOM LIINK is showing signs of a diamond bottom... waiting for some movement to the up side before getting involved... target would be $11-$13
not trading advice
tjg
LINK/USDTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
The chart is on the weekly timeframe.
From the data that I see on here, I think the bottom is in. We will be ranging between the two green lines as I believe that is the accumulation zone.
If we break below the bottom green line, I will find a new chart. As you can see, the data given to me here is only from 2017 so the count could be incorrect.
We are already at the bottom of the green line. I do not think we will go lower.
RR: 22.2
Stop loss placed under a 53% drop @3.5
DCA into chainlink below $3Bear market got everyone rekt. One more leg down in ETH will drag all the alts with it giving great opportunities. Every bear market we ask if crypto is dead, but it rebounds, why would this time be any different. Link below $3 is a bragain and many other alts will be at the same discount becuase they bound to ETH by their liquidity.
Lets prepare.
LINK: Very Choppy C-Wave ($2.50 Bottom)The above waves show how we're monitoring Chainlink's long-term bear trend. We're looking to accumulate LINK below $3.00.
We also expect the current triangle formation to result in a break to the downside.
ChainlinkLINK/USDT dont touch my OB for Sell now im looking for new entry SHORT with 15min timeframe waitin for price to come at my supply zone and you can see in the Chart we have Strong Resistance Zone
LINK: recovery is still on holdAlthough LINK started the previous week in a positive manner, heading toward the upside, still the highest level reached was $7.1. Long term resistance line has not been tested on this occasion. By following general market sentiment, price soon reverted to the downside, to the level of $5.88. Coin is finishing the week testing the support line at $6, but without strength to break it further below.
Relative Strength Index is continuing sort of side moves during the last two weeks. The indicator is moving slowly between levels of 50 down to 40. It provides no indication that the market is ready for a move toward the overbought side. Moving averages of 50 and 200 days are continuing to move as two parallel lines, with MA50 currently slowing down its down trend.
Technical analysis is suggesting that LINK will continue to test the $6 support line in the coming period. There is currently no indication that this line might be broken to the downside. In case that support line is not broken, the coin will revert shortly to the upside and resistance line at $8. There are also no indications that the price might go above the current resistance line.
LINKUSD - Death Spiral FinishLINKUSD Can be seen to be moving perfectly along the Fibonacci circle , slowly but surely it is climbing out of this trend
Once price the long term uptrend an upward move should be expected
LINK MARIN(E)atedLink looks nicely marinated from the bear...
ORACLES
Oracles are data feeds that connect Ethereum to off-chain information
The oracle problem
Ethereum transactions cannot access off-chain data directly but using a centralised data source is suboptimal... hence the need for a decentralized oracle
Chainlink Off-Chain Reporting (Chainlink OCR)
1. off-chain oracle network communicates with each other
2. cryptographically signs responses
3. aggregates responses off-chain
4. sends one transaction on-chain with the result
This is gas efficient
Chainlink VRF
Chainlink Verifiable Random Function = tamper-proof random number generator for smart contracts
The LINK token
*based on the upgraded ERC-677 token, backwards compatible with ERC-20.
CHART
Bull div on daily
Local fork
Fib retracement
If market is going to bounce then so will this
NOT TARDING ADVICE
LINK/USDTChainlink with a falling wedge which is a reversal pattern and divergence in relative strength index.
LINK - accumulation bottomLINK is in a good position of accumulation before breakout in coming months.
Plant now harvest later :)
About to reach the targetWaiting quietly for the link to reach the target range
After reaching the target range, you can breathe low
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$LINK weekly log updateHere’s the latest on LINK. The blue inverted arc is still very much in control. I still think we test the $3 range before starting a new upward arc. The next major news event should come at the end of September with SmartCon, where Staking and/or CCIP is announced. That could be the trigger to get us through the blue arc.
Chainlink Price Analysis — June 29Chainlink continues to maintain a pass-and-play (choppy) momentum between the $7.3 resistance and $6 base. Currently, bears have initiated a push for the $6 base after a prolonged inability to take the $7.3 mark over the last weekend.
That said, we should expect a bullish rebound anywhere near the $6 mark, back to the $7.3 top, as the choppiness is expected to persist with the crypto winter. In an event of a bearish breakdown below the $6 mark, an extended dip below $5.3 (the broader range) seems significantly unlikely.
Meanwhile, my resistance levels are $7.3, $8.0, and $9.0, and my support levels are $6.0, $4.0, and $3.0.
Total Market Capitalization: $898.3 billion
Chainlink Market Capitalization: $2.97 billion
Chainlink Dominance: 0.33%
Market Rank: #22
Progress towards the goallink is at risk of further pullbacks
Wait until the purchase interval below to buy
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Chainlink's Desending Wedge Setup, will it shrug off macro woes?Will the major altcoins (ADA, LINK, UNI ) descending wedge setups, be the signal for a breakout to the upside?
Or will continuing macro woes make the TA analysis null and void.
Potential bounce might be coming over the next two weeks in equity markets. Spurred by the strong support at the 200 daily moving average.
Time to wait and see.
Inverted cup handle shapeThe neckline has been broken for an hour
There is a risk of a short-term pullback
But this wave of high probability will not make a new low
A callback to the lower range can buy low
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How low can LINK go (H&S target)I just wanted to share this head and shoulders pattern formed on the link/usd pair. I'm looking into buying LINK at this target level as a long term investment. Ofcourse , I'll also be looking at btc before buying, but chainlink at a price of $4 can't be all to bad right? Even if we would go lower? Feel free to drop your target bottoms of chainlink, so that I might get other perspectives of to why this wouldn't be a great buy.
