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Chainlink

LINK: Sideways ChannelChainLink (LINK) technical analysis: Trade setup : Price broke back below $7 and 200-day moving average and appears to be trading in a Sideways Channel ($6-8). Swing traders could trade the channel: Enter near $6 support and exit near $8 resistance. Recent rally was driven by launch of staking service. Pattern : Price is trading in a Sideways Channel , which is a neutral pattern (indication of market indecision). Trend Traders ought to wait for a breakout in either direction, although typically it breaks in the direction of the existing trend. Swing Traders can trade the range – Buy near Support and Sell near Resistance. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bearish but inflecting. MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. Support and Resistance : Nearest Support Zone is $6.00. The nearest Resistance Zone is $7.00, then $8.00, and $9.50 – $10.00.
Long
by altFINS
LINKUSD Is Finishing A Higher Degree CorrectionLINKUSD is finishing a higher degree correction, as we see it nearing strong support zone from Elliott wave perspective. LINKUSD is trading bearish since May 2021, but weekly wave structure from the highs looks like a clear three-wave A-B-C correction within a higher degree wave IV that can find the support soon, ideally at the former wave (3) swing high and equal wave length II = IV. Recovery for wave V in 2023? Wave C is a motive wave and it should be completed by a five-wave cycle of the lower degree, so looking at the daily chart, seems like it's now trading in final stages of (5) of C after recent sideways triangle consolidation within wave (4). Technically speaking, we believe that LINKUSD may find the strong support between 5-4 support area, just keep in mind that bullish confirmation is only above 13 level. Invalidation level remains at 1.5. Happy holidays and all the best in 2023! If you like what we do, then please like and share our idea! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
BINANCE:LINKUSDLong
by ew-forecast
2
Long Entry at Strong LT Support Zone for CHAINLINKGreetings, Snipers! LINK has been consolidating sideways from $5.30 - $9.50 since May 2022 Two long-term trendlines from 2020 have been well-respected as support. As you know, the longer the time-frame, the more reliable the signals. In the shorter time frame, we can trade this sideway channel: We can take a long-entry now, at $6.00, and sell at $9.00 for a Risk-Reward ratio >3 (SL at $5.20). If Bitcoin cannot hold the current support, we may see Link drop to the next support at $4.30. Hope you enjoy my first post! I wish to give back to the community, more or less, after lurking around for so long :) Happy Sniping!
Long
by KryptoSnipers
1
LINK - The Bearer of Bad News & Great NewsLink has been hovering around the 0.382 fib retracement for quite a while, tested it 3 times, i never trust the 4th nor the 5th test on a support line. "Stop talking gibberish and give us the bad news nah" Bad Nus: $LINK will go down another 80%-90% :D before this bear market is over. Great Nus: $LINK will be a $1k-$2k token at the peak of the next Bull Run. - Weekly MACD (Bearish) - Weekly Pekipek's Divergence BETA (Bearish) - Weekly RSI (Neutral) - Weekly Stochastic RSI (Neutral) - Weekly Cipher (Bearish) - Weekly OBV (Bearish wtf OBV r u in distribution mode?)
BINANCE:LINKUSDShort
by ankhramsiswmriimn
15
Don't miss opportunity for short position Chainlinkhello guys we have a very good opportunity for a Chainlink short position as you can see it's going to break the support level all you need to know is in the chart good luck The information provided on this Page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. this page does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions
Short
by expay24
LINKUSDTHello Dear friends In the previous rising trend, the range was completely consumed, but HH it was not formed for us. Currently, due to the range and negative divergence of the RSI combined with the harmonic pattern, the probability of breaking the upward trend line is high. Keep in mind that we will be issued a process change confirmation when the orders are fully consumed in the range of $6.92. The condition for continuing the downward trend to the specified range is not to consume orders in the range of $8.228. We would be happy to hear your comments
Short
by FiboTech
6
LINKUSDT trading strategyFor the last six months, the LINKUSD price has been in a broad consolidation range of $5.5 - $9.5. Fundamentally speaking, Chainlink was always on top of the Oracle category and has been accumulating for quite a long time now. In our opinion, LINK will continue to consolidate in the range of 5.5-9.5 in the short term; and it can go up to 12$ or $18 in the mid to long term. Two trading strategies can be applied here: 1. Trade the Sideway: Swing traders can enter a LONG position at its local support of $5.5- $6 and enter SHORT at its local resistance of $9. I myself have made a limit order of buying LINK at $5.5. Hopefully, it will get filled. 2. Trade the Breakout: For more precise decisions, traders can wait for a confirmed breakout of either side to enter a trade. This strategy will bring less profit but can give you a better chance at winning. Choose a strategy suitable to your preferences and stick with it. Remember, always trade at your own risk, and never risk more than you can afford to lose.
by Chainslab_Analytics
LINK: Sideways ChannelChainLink (LINK) technical analysis: Trade setup : Price broke back below $7 and 200-day moving average and appears to be trading in a Sideways Channel ($6-8). Swing traders could trade the channel: Enter near $6 support and exit near $8 resistance. Recent rally was driven by lanch of staking service. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45). Support and Resistance : Nearest Support Zone is $7.00, which it broke, then $6.00. The nearest Resistance Zone is $8.00, then $9.50 – $10.00.
Long
by altFINS
LINK MAJOR ACCUMULATION HAPPENING!LINK has been in a major accumulation zone since May 2022. The range is currently between $5-$9. Once this range is broken with a bullish continuation PA we can say goodbye to these levels. I believe most of 2023 we will play around with the highs of these levels if we do manage to breakout but this is clearly institutions loading up their bags and waiting for the market to move up. If we break below, this will be an absolute massive resistance to try and break through. The volume at this level is huge. Let us see how the next few months play out. Love it or hate it, hit that thumbs up and share your thoughts below! Every day the charts provide new information. You have to adjust or get REKT. Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect! This is not financial advice. This is for educational purposes only.
by rnaofs