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LNKUSD trade ideas

LINK - Long term perspectiveHello, I've invested in $LINK in 2018 and bought somewhere around 0.22$ and now I wanna take a look where it's heading. As you can see the yellow lines shows support/resistance on a closed candles. The white lines shows support/resistance on a wicks. Based on that I can see that we still have room to go lower to smoewhere around 7$. This is the zone where the retail investors will be scared and think that the project is dead but smart money will buy the dip. In conclousion I wanna say that this move will also depend on a Bitcoin price action. Personaly I will be waiting for May to see if we go lower or we are already hit the bottom. P.S. Tell my your thoughts on $LINK in the comment section.
BINANCE:LINKUSDLong
by jokubas
1
The chainlink fibonacci sequenceI think we can all say that Bitcoin didn't have a blow off top this cycle but chain link sure did. 70% in just two weekly candles in May 2021 pretty insane even for a blow off top , the week of May 17 2021 is the largest weekly red candle in chain links history ,66% in one weekly candle ,it had one hell of a run. Since June 2018 Chain link pumped 31674% over 1050days with no major changes in its parabolic structure until of course May 2021. It is possible that Chainlink has been playing a pattern from 2018 during that time Chainlink retraced 88% before starting its mufti year run. If the pattern plays out it means that the bottom is in for link. At the moment chainlink is currently in a descending wedge and so is the Weekly RSI . Since February 2021 Chainlink has been forming a massive wedge and also hitting record lows on the RSI. Is link getting ready for a big move in the future ?, possibly what you see below is a LINK/BTC dominance chart, for nearly three years now I have been following this link fib sequence that has been quite profitable so far. The next date is May 23rd 2022 , I bring this date up a lot because there also a number of Bitcoin Fib sequences that land in May 2022. So what will happen come this day since I have lived through it three times already , well nothing , nothing happens on this date no crazy price action just a normal weekly close but once time passes one comes to realize that week was indeed a pivot in momentum. So what will this time bring another pivot to the upside or downside? The fact is that its not really clear now we a descending triangle on the dominance chart which is a bearish pattern but we have descending wedges on price and weekly RSI. I will sideline for now and wait closer to May 2022 to make a move a lot of mixed signals right now and the one thing I cant stop thinking about is the fact that Bitcoin has not put in its signature capitulation volume bar, we have nothing to confirm a true cycle bottom ,if we hit the 200 weekly with massive weekly volume bar then we can truly say the bottom is in.
COINBASE:LINKUSD
by Sporia
4
LINK - 5 Year Continuous Macro UptrendThis was the chart I found that went back the furthest. When in Log Scale, you can see above that Chainlink has been in a 5 year continuous uptrend. Notice there have been several times where the channel was broken, but as we know in technical analysis, it is not the initial breakdown that matters, but the follow through price action. As you can see, the follow through price action every single time has lead to almost-immediate reentry to the channel. I believe that Chainlink is starting the next wave to the top of this channel, a wave that would put Chainlink at ATHs close to the heartline at the middle of the channel. Heading to the top of the channel would put us somewhere in the area of $120 - $ 195. Note that this is a very long term HODL play, and it is actually too long for my tastes, as I do not HODL Chainlink.
COINBASE:LINKUSDLong
by mithril_web3
8