ChainlinkLINK/USDT we are looking now for Long Signal On Chainlinke until our 1h Resistance Zone and our 1h Supply Zone
LINKUSD.P trade ideas
LINKUSD Dominant UptrendLINK has fallen quite a lot, just as other cryptos
The question is where will this falling stop.
I see a major trend line in Green which aligns well with another weaker uptrend in blue, and a downtrend in red
At this area price is around $5 per LINK
This is also at the 0.618 Fib level
LINK KEY LEVELSThere are numerous key levels on link and have currently taken resistance
Fundamentally the overall outlook on Link is positive with big brands such as dolce gabanna making use of Link technology
At the time of writing Link is $6.9 USD
Link is also down 89.40% (or 47.53 pips) from the high.
If we can hold at this key support level and form a base the opportunity of a lifetime could be in place - a potential 10X to the previous highs.
What is important to note is that both link and the Beta of crypto along with the world are trending lower, the biggest question before making this decision is whether you believe there will be mass adoption of crypto as a currency on the blockchain.
If you do think this will be the case, you should definitely look to start accumulating or preparing for a long position - particularly if we can see the decoupling from the world markets in the crypto space
8 Days left for the Chainlink Sequence! Its been a interesting May but not shocking in anyway , I have been covering this downtrend all year and talked about the crash in May 2022 months before.
Published January 2022
Published March 2022
How did I pinpoint May 2022 for this move? keep reading.
First lets go over the chart and possible move from here , so been playing around with this Gann Fan from the inception of Chainlink and its showing some nice confluence in some areas.
Last time Chainlink touched the 2/1 Gann Fann it was 2019 where it hovered over it for about 120 days before shooting off , One possible senario here is that we just go sideways over this Gann until the next Fib time date 3.618 3rd October 2022.
Even though Chainlink broke down from its decending wedge in price , the pattern is still playing out on the weekly RSI , check it out .
Last TA showing chainlink breaking down from decending wedge .
So now the most important part of the puzzle, why May 2022?
Back in 2019 there was a LINK/BTC dominance channel I use to trade and by testing out hundreds of Fib time seqeunces I found one that hits home runs the last 4 times.
Everytime we come to a date LINK has had a massive move to the upside will it happen again this time who knows? The date is 23rd May 2022 and April 24th 2024 is the one after when the next Bitcoin halving is which is very interesting.
In 6 hours the weekly candle closes and if the weekly candle of this dominance chart closes at this level it can techically confirm a decending wedge with two lower touch points.
Since the I believe we topped April 2022
and it normally takes bitcoin 406 days to capulate from a cycle top I came to the conclusion that the next Chainlink sequence in May 2022 was likely going to be some sort of bottom.
Chainlink has retraced 89% thats 1% more than the retrace in 2017 take a look.
There is only 8 days left until the next Fib date poeple and Chainlink just retraced 89%!
LNKUSD - Short term bullish idea - W02 Successive higher highs & higher lows indicate short-term bullish entry. Entry & stop loss points are marked.
Will Link breaks important resistance?$Link is testing one more time $7.50 as resistance; it’s a good level to look for shorts
If breaks, the next crucial resistance is at $9.80.
Wait for the day’s close before taking any position.
#btcstarburst Link TIme?Update… is it Chainlink time for a minute in a bear be careful.. It does look like a doubleDCA safely… a Gann Study
LINK bottomed twicelink has seen two bottoming trends
It will break out after breaking the neckline
I expect a high probability of a breakout
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Link double bottomLink has formed a double bottom with a possible breakout of the descending channel. First targets are $7 and $8. Break out of the descending channel has a measured move at $18. The 1.618 of the double bottom is at $12.15 .
The CCI is currently in an uptrend.
LINK: mixed selling and buying ordersDuring the previous week LINK lost some 20% in value from the week before. If we take into account general market circumstances and strong downtrend on the crypto market, this was not such a bad performance. This comes especially as LINK was traded in a sort of mixed mode, with equal share of both selling and buying orders. Of course, there is some probability that so-called “whales” are trying to sustain price at some levels, still, there is no available public data over their impact on the price of LINK.
RSI started the week modestly below level of 50 and moved down to 38. It seems that the market is still unsure whether to head the price toward the overbought or oversold market. Moving averages of 50 and 200 days continue to move as two parallel lines with clear downtrend, not indicating that potential cross is in store anytime soon.
LINK is ending the week testing support line at $6. There are no clear indications that this level might be breached to the downside, but still, it should be confirmed within the next two days. In case that market is still not finished with correction, there is some probability for the price to be pushed further down to the level of $5 support line. However, if the current bottom line is reached, there is a probability that the price might turn again to the level of $7.
Disclaimer: This article provides exclusive views of the author. It does not in any sense represent a suggestion for trading.
Chainlink Bear FlagOut of all the bear patterns we are seeing in the markets right now I think Chainlink has by far the best pattern to trade very clear bear flag .
Target breakdown would be 3.6 dollars
LINK/USDT Elliott Wave CountHow can Chainlink go bullish?
We can have a trucnated 5th wave and now an impulse move to the upside 12 12.
I wont trade this untill more confirmations from the price action!!!
LINK Army Hodl The Door!LINK looking prime for a drop to sub $1, when this correction is over! After a little dead cat bounce and continuation to the down side. None of my 4 indicators showing any bullish confirmation on the Weekly Time Frame.
- Weekly MACD ( Bearish )
- Weekly Pekipek's Divergence BETA ( Bearish )
- Weekly RSI ( Bearish )
- Weekly Stochastic RSI ( Bearish )
LINK The trend is your friend!LINK: The trend is your friend! Nevertheless Link is for more an important and crucial infrastructure protocol!
LINK/USDT Elliott Wave CountChainlink elliott wave count update
Target for wave C somewhere at 7.75 - 8.0
LINKUSD ❕ the price is holding the support levelChainlink has broken up 200MA at 30m Timeframe.
Trading volumes declined on the correction.
LINK holds the support level.
I expect price may rise if it fixes above the resistance level.
LINK/USDT Elliott Wave CountChainlink can start something from here?!
I think we have a leading diagonal for wave A or 1 , zigzag correction for wave B or 2 that bounced 0.618 fib retracement of wave A or 1.
Let's see how the market develop from here. I will update count later.
I am long for short term also I am into this trade for at least a C wave.
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Link Short to longPrice is forming a rising wedge.
Short to retest the low and make a nice double on the 4 hr and reverse
LINK diamond reversal Link is a printing a major diamond reversal on the 12H. If the pattern is validated the measured move is 18$ with TP at 12$.
Failure is being range bound.
CCI pulling out of oversold.
LINKETH - MONTHLY BREAKOUT (LONG) $LINK Chainlink $LINK has broken out of a brutal downtrend against Ethereum $ETH. LINK has been bleeding against ETH since August 2020 and finally looks ready to breakout of the trend and hopefully go to new ATHs. Link was the star of last bear market, and as we head into poor macro conditions, it looks like history may repeat itself. LINKETH is also sitting on major support and I'm fairly confident that it will hold strong. This could be another fakeout like we saw a few months ago - but I'm optimistic LINK will start outperforming soon regardless. During the mania phase, the market greatly over valued various L1s, meme coins, metaverse, governance tokens, etc. Its time for a return to normalcy and for only the strongest projects to survive/thrive.
