Chainlink
LINK - The Castle Is Still Strong 🏰 - Analysis #5/50Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
LINK has been stuck inside a big range for a couple of months now.
At least it hasn't melted like many altcoins during the bear run.
🏹 For the bulls to take over long-term , we still need a break above the entire range / above 9.5
Meanwhile, since we are approaching the lower bound of the range, we will be looking for short-term buy setups .
📉 LINK is now sitting around the orange support zone (6.5) so for the bulls to take over, we need a break above the last H4 high (in gray)
If we break below the orange support, then a movement till the green support (5.0) would be expected where we will be looking for new buy setups.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
ChainLink: Drop Your Ball and Chain! ⛓ChainLink should drop its ball and chain to escape from the current sidewards movement in favor of the expected ascent. From the low of wave (ii) in blue, the altcoin should head for the resistance at $9.50 and surmount this mark to develop wave (iii) in blue. The subsequent countermovement of wave (iv) in blue should happen above this level as well. However, there is still a 33% chance that ChainLink might slip below the support at $6.43, thus triggering further descent below the next mark at $5.38. In that case, we would expect a new low in the form of wave alt.2 in green before fresh upwards movement can take hold.
Chainlink to $60 (Long Term View)Here's an update on LINKUSD which I posted for you guys back in January. Just like I expected, market is still ranging within this corrective phase, which is allowing big institutional firms to DCA from these cheap prices. We expect further consolidation over the next few months, before we see a downwards liquidity grab towards $0.09📉
This also moves similarly to our Bitcoin short analysis, as most Crypto's are still in a corrective phase for the next few months at least🔺Good opportunity for my Crypto Fund investors to profit by shorting the market!
CHAINLINK - Higher Timeframe OverviewCHAINLINK - Higher Timeframe Overview
Here we have the 2weekly chart of Chainlink. We can see that on a higher timeframe, we are still bullish. We have not yet completed the 5 waves. We are currently on the 4th wave which appears to be a WXY correction (breakdown: 3 waves for W, 3 waves for X and 3 waves for Y)
We are now in wave X. We need to see 3 clear waves down to complete the sequence.
Once we make that final move down, we can look for buying opportunities. Expecting the bearish correction to finish above the blue structure.
There is a potential for a 2000% trade coming up. Definitely one not to be missed!
Going sideways...Hello?
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(LINKBTC 1W Chart)
The section from 0.0002 195 to 0.0003 665 is the core support section.
If you are supported and rise in this section, you are expected to release the power of Sangs.
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(LINKUSDT 1D Chart)
The 6.698 point is the HA-Low indicator point on the 1W chart.
Therefore, it is a buying point from a mid- to long-term perspective.
If it falls below 6.698, it should touch near the downtrend line and see if it can move up.
In particular, it is necessary to check whether it is supported by the HA-Low indicator of the 1D chart.
In order to continue the mid- to long-term upward trend, it must rise above the HA-High indicator on the 1W chart.
However, since the conditions for the HA-High indicator to decline have not been created, it is expected that more up and down swings will be required.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
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could be as EPIC and robust as China Coin play and the Ai Metaverse WAVE
good luck
✴️ Chainlink Reveals Current... (Name Your Altcoin #52)Let's continue shall we?
I've done many analysis for Chainlink (LINKUSD) since we have an active public trade for this pair but someone requested to have this pair be part of our Name Your Altcoins series so let's dig in.
Chainlink is good news...
It is giving out positive signals.
As the entire cryptocurrency market is interrelated, connected, what one does the rest follows, having good news here can mean good news elsewhere.
Or everywhere else.
LINKUSD
Just two days ago, 22-Feb., we have a perfect hammer candlestick pattern.
This candle tested and confirmed EMA10 and EMA21 as support.
What looks great is the volume the following day, yesterday, really high volume, the highest ever on BitMEX for this trading pair.
Volume is one of the most valuable indicators available, having all this buying yesterday is great news... This tells us that the bulls are accumulating near resistance, which precedes additional growth.
The MACD printed a bullish cross recently and is trading above zero.
The RSI is super healthy/strong at 62+.
If we decide to look at the weekly timeframe for additional information...
We can see a Doji this week leaning bullish (has a long lower wick).
Last week closed almost full green with the highest close since October 2022.
Prices trading above the 0.682 Fib. extension, this one only confirms if the week closes above 7.917.
We have some really good signals... If LINK moves forward, Bitcoin, Ethereum and the rest of the market will do the same.
There is always one or two pairs that tend to move ahead when consolidation is taking place, if you find those, you know what is coming to the rest.
Namaste.
Whats happening with Chainlink?To say that the trajectory of Chainlink in the past eight months has been anything but surprising would be an understatement - unfortunately, the surprises have not been in the coin's favor. Despite having one of the strongest fundamentals in crypto, its pattern, price range, and movements have been quite unusual in my opinion. It has broken all trend lines and channels from its genesis, and there are no historical patterns to compare it to.
Last year, I was setting up for one of my biggest trades with Chainlink, as the price was perfectly aligned with my Fibonacci time sequence. However, the FTX black swan event occurred, and since then, it hasn't quite recovered like the rest. You can check out those failed TA's under "Related ideas" below.
While other coins in the market have seen massive rallies of hundreds of percentages, Chainlink hasn't done much, only up 33% from its lows. This brings me to a new channel that I will be testing out this year. If anyone has any other channels from genesis, please let me know by clicking on the link below.
There isn't much to go on with Chainlink until we break the resistance seen below. It's been 245 days and four attempts, but we've never managed to close above it.
The LMACD on the 3-week timeframe is showing momentum coming up, but the price is going down, indicating that divergence is building.
The LINK/BTC dominance chart has always been the most crucial chart to trade Chainlink, as you can see from the chart. Currently, we're sitting in the same place before we had a massive run of 124% in price back in January 2020. The resistance was broken at one point, and we even closed a weekly above it, but then failed to hold it as support due to the FTX black swan.The big Chainlink move comes once we have a clear break from this resistance, which it has been stuck under for 917 days.
Using this Fib time sequence, we knew that the bottom was in for Chainlink.
I have been using this Fib sequence on the dominance for years, going back as far as 2019 when i was trading LINK I used this channel.
For the past 280 days, the price has been ranging, and there have been a lot of good trades in the $5 dollar range. However, now we want to see it break out!
LINKETH - Sat on a Critical Level, Can We Break Upward by 10%?We've got a pretty strong Buy signal from Crypto Tipster v2 today - looking at the chart it would appear we're currently sat right on a critical pivot point, the market could choose to go either way from here, or even consolidate for a short while too!
Based on the recent rebound off support @ 416 and breaking through the next level of resistance above that, we're staying positive on Chainlink for now and predicting gains of around 10% over the next few weeks to one month.
If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
LINK: Resistance BreakoutChainLink (LINK) technical analysis:
Trade setup : Following a bullish breakout from Descending Triangle , price also broke above 200-day moving average and $8 resistance to resume Uptrend. That was a stiff resistance where price got rejected several times last year. Upside potential to $9.50 next. Recent rally was driven by launch of staking service.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $7.00 (previous resistance), then $5.50. The nearest Resistance Zone is $8.00, which it broke, then $9.50.
LINK: Going to range high, or even better: 12.25Ok, we can see Link broken both of the 200 EMA and 50 EMA.
In addition, we also see the formation of higher low here. There may be a correction a bit, but overall, I project that LINK may go to the range high (~9.5), and if it's broken, 12.25 area is, I can say, programmed
It's expected that the ChainLink crypto will rise +60%(+330pips)🔰You can see the crypto analysis of ChainLink to TetherUS in the four-hour time frame (LINKUSDT_ 4H) 🔍🧨
💥Considering that the price has been able to break its Down trend line🖤, there is a possibility that the price will rise to the Supply zone🔺🚀
Do you think this analysis can be profitable🧐❓
I hope the analysis was useful for you🤍🌹
______📈TRADER STREET📉______
Crypto ChainLink (Overdue Breakout is upon us)View On ChainLink LINK/USD (20 Feb 2023)
Crypto ChainLink LINK/USD is mainly in the big swing mode for the nearly a year now.
I reckon we are in for the BULLish mode as the low regions such as $5~$5.5 are accompanied by the strong rebound with big volume.
We have better odd in staying on the Buy side.
It should retest $9.25 region and $11 region soon.
Let's see.
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✴️ Chainlink 5X Lev. (~100% to 390% Potential)My dear friends, I am back providing you with great content... The intention is to share my view and opinion and for us all to learn and be entertained.
Trolls... Stay away, this is for true followers only and responsible, adult, conscious people.
If you don't know how to approach a lev. trade then please, stay away, do your research first, study because I am no financial advisor.
This is my view of the charts and trading involves risks regardless if you buy with or without leverage/margin, crypto or stocks or anything.
In fact, most everything in life posses some sort of risk, so keep in mind that each individual human being, soul, is responsible for his/her own actions.
I am writing all this because people will troll me in the comments section saying it is illegal to share my ideas... Trade ideas... It is just that, an idea.
This can be a success or a failure... That is for the market to decide.
What we know for certain is the potential vs risk.
The market situation, how the chart is looking, etc.
We are live with 5X on LINKUSD.
I will share the trade numbers with you:
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LONG LINKUSD 5X
Entry: 6.10-6.60
Stop: Close daily below 5.75
Liquidation: 5.226
Targets:
1) 7.10
2) 7.70
3) 8.20
4) 9.0
5) 10.0
6) 11.5
Capital allocation: 3%
Potential profits: 390%
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Trading with lev. is high risk and recommended for experts only.
If you are a beginner start with spot trading and once you are successful at it for 2-3 years then make the leap.
If you want to start right away be aware that there is a price to pay to learn.
Liquidation can result in your entire position being lost.
If one cannot take a loss, one cannot trade.
Losing is part of the game as much as winning... In fact, we tend to lose more than we win overall... But we win in the end if we learn from our mistakes.
Thank you for your continued support.
Feedback is appreciated in the comments below.
Namaste.
✴️ Chainlink Still Within Consolidation Box (165%+ Potential)Chainlink (LINKUSD) is still trading near its bottom, literally still sideways within its consolidation box.
While our leveraged trade is already way ahead in profits, the true action is yet to start.
19-Jan. ✴️ Chainlink 5X Lev. (~100% to 390% Potential)
Lets have a look at the different resistance levels.
We have 7.917 as immediate resistance, easy to takeout.
This is followed by EMA50 at 10.25, easy since we've seen other pairs flying through this barrier.
We have 12, 16 and 20... The full details can be found in the trade idea above.
Thank you for reading.
Namaste.