Chainlink
LINKUSDTLINKUSDT
Thoughts
The price has been moving in the accumulation zone for almost a year. The exit from such zones is very often given an upward impulse, so that a major player can reset his positions. Now the price has approached the local resistance zone inside the consolidation.
If BTC continues its upward movement, then we will see both a breakout and the possibility of exiting upward from the consolidation.
For ease local targets were marked on the chart.
☑️Targets: $11.12 - $13.08 - $14.45
However, we focus on the situation. Always look at the market globally and adjust to the general mood.
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LINK: finally $8.0Markets are turning to the positive sentiment after inflation slows down in the US, however, they are still more oriented toward equities and major crypto coins like BTC, rather than other coins. Analysts are pointing that after a strong push in BTC price, the eye of investors is finally turning toward altcoins in order to maintain correlations and diversification of portfolios. Certainly, this point in time would be the one where LINK might benefit significantly. On a positive side is that currently LINK is making small progress toward higher grounds, still managing to hold its price relatively stable.
During the previous week, the price of LINK was moving in a relatively short range, from $7.0 support up to $7.5 short term resistance line, however, as of the weekend, the price managed to finally reach the resistance line at $8.0. RSI was pushed from levels above 50, toward 62, indicating potential path toward the overbought side of the market. Moving average of 50 days modestly started to converge toward the MA200 counterpart, but it still does not indicate a potential cross in the coming period.
Support line at $7.0 has been tested for a third week in a row, and without strength to break it, the coin managed to revert toward the $8.0 resistance line, supported by the market demand. RSI has still not reached a clear overbought side, which leaves some space for the price to hold $8.0 resistance. LINK will start the week ahead by testing this level. There is currently a lower probability that this level might be breached. On the opposite side, there is some probability for $7.50 support to be tested for one more time, with low probability for $7.0 support line.
#Chainlink tearing higher, LINK up 15% in 4 WeeksPast Performance of Chainlink
Chainlink prices are breaking higher as of April 17. Technically, the token is within a bullish breakout formation, and prices are buoyed by expanding volumes. Notice that the confirmation of the April 14 bullish breakout bar was enough evidence of strength, a net positive for optimistic traders.
#Chainlink Technical Analysis
The daily chart shows LINK prices are firm, breaking higher with expanding volumes. For now, the April 14 bar anchors the current Bull Run. Support is at the bar's high at $7.6, which also flashes with March 2023 highs. Since the current bull bars are with rising volumes and banding along the upper BB, suggesting strong bullish pressure, traders can load the dips, targeting $8.4, an important reaction line; and later August 2022 highs of $9.3.
What to Expect from #LINK?
LINK prices are up roughly 15% from April lows, and buyers are confident of what lies ahead. As price action aligns with the formation from mid-March, currently breaking out, bulls appear to be in control. For this reason, traders can look for entries provided prices are above $7.6.
Resistance level to watch out for: $8.4
Support level to watch out for: $7.6
Disclaimer: Opinions expressed are not investment advice. Do your research.
✳️ Chainlink vs Bitcoin Long-Term Higher Low | Trade or Learn?You need multiple signals to reach a conclusion...
Should I just go straight to the numbers, the chart with its potential or explain the signals?
Because one way is like teaching/learning, the other one is like showing an opportunity/trading.
12-April ends in a Doji with a perfect (-9), that's the TD Sequential indicator:
This is followed by three green candles, rising volume, bullish divergence with the RSI as the RSI moves above 50.
New low yet above 50 that's a very strong signal.
Also, we have multiple bullish signals and that's all we need.
Finally, the long-term higher low on the main chart.
That's it!
LINKBTC goes bullish.
Enjoy your weekend.
Namaste.
History Repeats Itself with LINK?I have two different trading channels highlighted on the chart. The first predates the post-corona bull market. The second shows a long period of consolidation on the Chainlink weekly chart.
The first channel lasted for a year before LINK exploded to ATH over $50. The second channel marks a year in May 2023. Chainlink has completed a full market cycle and if this period of consolidation matches the last one, we'll see some explosive moves upward from Chainlink sometime in the next six weeks. This upward move should find resistance at the 200MA, but that will also come about 2x from the current price point.
Enjoy, NFA.
$LINK Accumulation Range
Crypto and a fave of mine, Chainlink .
$LINK has been in a range for almost a year. With crypto in general moving up in Q1 of this year this is one to watch.
There is a diagonal resistance from Aug 2020 on the horizon. Diagonals over a long period are ones to watch and a flip here could see buyers rush in.
This is probably a good place to accumulate but if you want to wait for a breakout to trade, you have two areas:
1. The flip of diagonal resistance
2. Breakout from the range top.
Link is definitely one to watch.
Big Chainlink Move IncomingChainlink has been trading in a range for over 322 days. However, despite this prolonged period of sideways movement, there is an exciting development taking place in the background. Massive bullish divergence has been forming since July 2022, when the histogram changed color.
Over the past thirteen 3W candles, momentum has been slowly building, culminating in the first ever 3-week bullish cross last week, even as the price has continued to decline. This type of bullish divergence is typically a precursor to a significant move, and the longer the buildup, the bigger the potential move. A similar pattern was observed with NOIA, and it resulted in a massive move
Chainlink's potential move could be volatile, considering that the last time it moved up from this exact price range, it gained 200% in just 20 days.
Additionally, a triangle pattern seems to have formed within the range, which is typically very bullish, especially when lower highs are consistently being made on the daily chart. A similar triangle pattern in the past pushed LINK to the top of the range, forming an ascending triangle that eventually took it much higher.
While the LINK/BTC chart has not been as hot, a break of resistance could be a positive development for LINK. Overall, this could be an excellent time to enter a long position in LINK and ride the potential move until June 2023.
✴️ ChainLink At $10 Is Easy, Success, 5 Steps Pattern & MoreFirst, we can spot the exact same 5-step pattern just explained in the Cardano (ADAUSDT) trade idea. (See 'Related Ideas' below if you want to know the details).
Second, ChainLink looks really strong above all moving averages, the only one missing is EMA300 but this shouldn't be a problem.
It's been a while.
We are now 3 months into 2023 and while we experienced some really nice growth in January the rest has been just consolidation nothing more but, we can take the good out of this.
The fact that we have consolidation while bullish, consolidation at high prices, sideways but no drop is a strong bullish confirmation.
Months of sideways, little down then back up... We know a higher high comes next and this also strengthens the bottom hit June 2022 and this is great for us, long-term growth.
We have the entire year 2023 to prepare, to get our act together, to wake up and dust ourselves up from the bear market of 2022 and late 2021.
The preparation phase is long and we will have a full 2024 of green, which is great.
We have so much time to prepare, we know before hand exactly what will happen, it is impossible to miss this upcoming bullish wave.
2025 will be mixed like it was with 2021.
Massive bull-runs followed by strong corrections and then the start of the next bearish cycle.
Just experiencing the first three months of 2023 lasting forever makes it sound like 2025 is so far away... It is indeed far but just right around the corner if you lose focus that is...
Prepare! Opportunities are endless but it is better to take action now than to wait another day.
The preparation phase is developing a plan.
Developing a plan is simply setting some goals, that is all it takes.
Together with my charts and the information shared, you can go from nothing or small, or good, to amazing in the months ahead.
Tell me, let's be honest, how did it go in the first wave? January 2023?
Where you able to sell while prices went up?
Did you make some mistakes?
That's the beauty of being early... If you did it right, great, if not, we will have more opportunities but to be able to take them we have to accept and learn from mistakes.
Next time set your sell orders on target BEFORE-HAND, invest in yourself, in your tools, study and know that abundance is a state of mind... So focus on your mindset.
Think long-term, growth, health, wealth, freedom, love and success.
If you trade with these goals in mind, life will take care of the rest.
Namaste.
CHAINLINK Loves JUNE / JULY 🚀Hi Traders, Investors and Speculators of the Charts 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
When it comes to macro trends and cycles or phases; I prefer to make use of fractals and probability. (I'll do a video on probability at some point in the near future, stay tuned!)
I've done a number of updates on LINKUSDT. It's of particular interest to me because it has lagged in the sense that it's still consolidating. Consolidation is a "bullish" sign, because after consolidation comes the next rally.
Considering that LINK rallies almost EVERY YEAR during JUNE - JULY, there is a high probability that this year will be the same, especially considering the extended consolidation phase. I'm not saying the price won't go up before then but it's certainly a month to keep your eye on.
Don't forget to check out the latest updates on Bitcoin, Cardano and XRP !
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CryptoCheck
#Chainlink in a $3 Range, Strong Liquidation Line at $7.6Past Performance of Chainlink
Chainlink is in a broad range, trading inside a $3 range with recent highs posted in February. As the token picks up momentum in March, prices are still limited to the upside, trending below $8.2. It will require bulls to push above last week's consolidation and $7.6 for a new trend to emerge.
#Chainlink Technical Analysis
Chainlink prices are choppy, looking at the daily chart. While buyers are steady, soaking in selling pressure, a substantial, high volume must be close above the current consolidation. In the meantime, resistance is at $7.6, with immediate support at around $7. The leg up from mid-March may help drive prices higher. However, volumes have been decreasing, a concern for buyers. Even so, if there is a breakout, LINK may retest $8.2. Conversely, a dip below support may see the token contract to $6.6 and even $6 if sellers press on.
What to Expect From #LINK?
LINK prices have been held in tight ranges, mostly consolidating over the past few days. The expansion from December defines the current trend, and LINK must hold above $6 in the medium term for the uptrend to be valid. February highs present a critical resistance line.
Resistance level to watch out for: $7.6
Support level to watch out for: $7
Disclaimer: Opinions expressed are not investment advice. Do your research.
LINKUSDT up to 11$ ??!Hi my friends. I see long setup on Chainlink. Chart is clear and Entry point, SL and first targets are in the chart.
Please manage your risk and set your SL on safe SL area.
This Analysis will be updated ...
Sadegh Ahmadi: @SDQ_Crypto
27. Mar .23
(DYOR)
❤️ If you apperciate my work , Please LIKE and COMMENT , It Keeps me motivated to do better❤️
LINK - 4 Phases YOU Should Know 📉Hi Traders, Investors and Speculators of the Charts 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
The markets are currently taking a breather after upside price action and this is typically where we expect altcoins to shine. Chainlink is particularly interesting to watch at this point since it has been trading range for an extended period of time. This is bullish according to the Wyckoff Method Analysis and other market cycle- or phase analysis'. This chart presents an easy guide to market cycles considering the moving averages and the macro perspective. Can you guess what phase we are currently in and what comes next? 🔥
Here's another altcoin with great upside potential that you may not have heard of : Shirtium
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We thank you for your support !
CryptoCheck
Chainlink (LINK) forming bullish Gartley for upto 12% pumpHi dear patrons, hope you are well and welcome to the new trade setup of Chainlink (Link).
Previously I shared a long-term trade setup for LINK, which is till in play as below:
Now on a 4-hr time frame, LINK is about to complete the final leg of a bullish Gartley for another price reversal move.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
To finish long sideways and ascend...Hello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
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(LINKBTC 1W Chart)
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(LINKUSDT chart)
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(LINKUSDT 1W Chart)
It has been showing sideways movements around the HA-Low indicator for quite some time.
Accordingly, it is expected to show an upward trend in the near future.
(1D chart)
If price holds above 7.601-7.820, I would expect a move towards 9.869.
If not, you should check for support around 6.698.
Therefore, it is important not to fall below the downtrend line or 6.698.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
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