LINKUSD trade ideas
🔥 LINK In A Massive Bull Flag: $100 Next Cycle?LINK has been one of the top performers in the last cycle, where it performed exceptionally well during the bearish part of the cycle.
Sadly enough, LINK topped during the first top of 2021, only to trade dominantly bearish since then. However, there's light at the end of the tunnel.
LINK appears to be trading in a bear flag pattern, which are classically bullish continuation patterns. Be aware that were currently still in a bear market and LINK could very easily drop another 75% from here.
Theoretically, LINK could reach $100 next cycle. If we make the assumption that LINK will find a bottom at $3, we only need a 33x to get to $100, which should be doable considering it did a 320x from bear market low to bull market high last time.
LINK the true hero of Hyruleback to the deku tree for this guy, anything sub $1 is a buy. ideal entry of .51 offers an 10,000% gain opporunioty if a runup to the ATH commences
trend analysis of ChainlinkIt seems $5 to be a good entry point. Chainlink needs to remain above $2 or $1.5 to maintain the uptrend.
LINK/USD has completed an Elliott Wave 12345 ABC CorrectionThis is a classic standard Elliiot Wave 12345 ABC in all it's glory. Are we ready now to start going back up the way? My feeling is yes.
LINKUSD ❕ above the rangeLINK is moving in an upward channel.
There is a bullish divergence between price and trading volumes.
The 50MA has broken up through the 200MA on the 1H Timeframe.
I expect that the price may continue to rise after fixing above the upper boundary of the range.
LINKUSDT tested trendlines three times1) Highly probable to break
2) If another reversal comes, still short
The New Chainlink Cycle Has StartedThis could very well be the new Chainlink channel before breaking the 8/1 Gann Fann and going to all time high.
So as you can see from the two yellow circles this channel is becoming pretty important for link. Last time we hit the bottom of this channel it was the Covid crash March 2020.
791 days later we had the same thing happen capitulation crash to the bottom of this channel and so far things are looking pretty good, we keep closing weekly candles above it .
The BTC/LINK time sequence is now officially started, check out this TA below .
From here onwards Link has now started its new cycle, a potential rally could take it as high as 20 dollars this year , before rolling over at the top of this channel going into 2023.
The next BTC/LINK sequence is now April 2024 which lines up with Bitcoin halving and March 2024 time Fib you see in this chart. It is possible that during the period April -March 2024 chainlink will break the 8/1 Gann Fann and start its parabolic move upwards and break all time high.
Target for late 2024 would be 185-200 dollars.
LINK: low probability for stronger reversalDuring the previous week LINK was clearly traded sideways. Price of the coin was moving modestly toward level of $7.6, however, during Friday`s trading price reverted again to the downside, ending the week around $6.5 level. Price recovery, after reaching a clear oversold market, continues to be on hold, as there is still ongoing selling pressure for this coin, but luckily, with significantly decreased daily trading volumes.
RSI continues to move in the oversold zone. Highest level reached during the week is 34, which clearly shows that the market is still not ready for a price push toward upside. Moving averages of 50 and 200 days does not provide much support to technical analysis at this moment, as they continue to move as two parallel lines with downtrend.
Based on technical analysis there is potential for LINK to move toward the $6 support line in order to test it for one more time in the coming few days. On the other hand, there is equal probability for a move to the upside and long term resistance line at $8.
Disclaimer: This article provides exclusive views of the author. It does not in any sense represent a suggestion for trading.
ChainlinkLINK/USDT we have 2 Strong Resistances im looking into both Resistances in 30min charts first Resistance(6.755$) LINK can perform Double Bottom and to drop down if break this Reisitance we looking Second Resistance ( 6.860$) for Double Bottom and it will be same for SHORT
$LINK Weekly Log chart UpdatePattern is becoming a bit cleared as we complete an inverted arc. Strong support below. Looking like a magnet at this point. Possible breakout late this summer? Let's see how we act off of supports
Chain link Low targets chain link is going to make trading nut here and go deeper . my target for buy is 2.7 Dont rush ,market balance shows a deeper targets .2.7 will be the 0.9 fibo projection .there could be a shadow for 1.8 $ and close of weekly candle should be 2.7 date must be in second week of july for all market low targets .
LINK UPDATE - POSSIBLE BUY AREA - $4.50i've been following LINK for a while now and when you think it can't go any lower, it does.
i still believe we get another leg down to the $4.50-$3.85 area before we start to trend up
why do i think this? a couple reasons 1) we have a hidden bearish divergence on the daily chart (price = lower high and RSI = higher high) and 2) equities are set to dump again today after trying to make a comeback the day prior
no clue that this happens but worth sitting on the sidelines until we have clear direction before taking a risky position here
not trading advice, just my thoughts
tjg
LINKUSD (4H) Bullish reversalHi Traders
LINKUSD (4H Timeframe)
Waiting for the upward break of 8.00 resistance level, which will complete a bullish trend reversal pattern to go LONG. Only the downward break of 6.64 would cancel the bullish scenario.
Trade details
Entry: 8.00
Stop loss: 6.64
Take profit 1: 8.85
Take profit 2: 10.22
Score: 4
Strategy: Bullish reversal
Ahoy Stink Marines Captain Swoop Here.Attempting to forecast the macro here - our low needs to hold here at $5.26~ for the targets outlined to stay valid - Good Luck Stink Marines.
Forecast will still remain wave 3 even if low is busted as long as our inception wave 1 low is not busted - I will just have to change my fib extension targets if a new low is made below 5.26~ marked in red at 2.
LINK: reversal is on hold?LINK continues to follow the general market trend. During the previous week, the coin started with a short reversal, after reaching a clear oversold market two weeks ago, however, the coin did not manage to sustain new levels and reverted a bit back, to the levels from the start of the week. Highest level reached during the week was the $8 long term resistance line, while the coin is finishing the week around $6.8.
Charts show that RSI is still not ready to exit the oversold market, although this indicator started this road in a quite shy manner, by reaching level of 34. Moving averages of 50 and 200 days continue to move as two parallel lines but this time with a clear down trend.
Technical analysis is pointing to the probability that LINK might head toward the $8 long term line to test this level one more time in the coming days. There is currently no indication that this line might be breached to the upside. On the opposite side, if selling orders emerge, LINK might turn to $6 support line.
Disclaimer: This article provides exclusive views of the author. It does not in any sense represent a suggestion for trading.
