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Chainlink

Link breaking above last potential top trendline of triangleIt’s still unclear whether or not link’s macro pattern is more valid as a falling wedge or a symmetrical triangle, however it seems now that we are finally closing daily candles above the last potential top trendline for that pattern. That trendline is most valid on the weekly chart so we still need to close the current weekly candle above the white trendline..after that we should see the follow up weekly candle confirm the white trendline as support on a retest ….if the follow up weekly candle closes above the white trendline odds are very good at that point the breakout will be validated…it may wait until the 3rd weekly candle to start the bullish impulse…or it could come as early as the current weekly candle…will have to see how the next few weekly candles play out. I chose to show this chart on the daily time frame instead of the weekly to illustrate how price action is also now back above both the 1 day 50 and 200 moving averages. If it can hold the daily 200ma as support during the next few weekly closes then the breakout will be confirmed. *not financial advice*
COINBASE:LINKUSD
by DrDovetail
Finally, Robinhood has entered the software wallet sector. Wallet users can now view their owned NFTs and coins. Robinhood Wallet was created to compete with MetaMask. Robinhood has recently entered the software wallet market. The crypto business released the Robinhood Wallet, accompanied by smartphone software that allows users to exchange and send cryptocurrency. Furthermore, users may now view their own NFTs and crypto. Currently, over 1 million waitlisted consumers have access via an access code. Last year, the stock and cryptocurrency trading company Robinhood collaborated with Polygon to build the wallet, a self-custody, Web3 wallet. The trading platform only released a test version of its Web3 wallet for iOS. In May 2022, it was made available to the first 10,000 users who signed up for the waitlist. The wallet was first housed on the Polygon blockchain, allowing users to trade and switch cryptocurrencies while incurring no basic network fees. Johann Kerbrat, a chief technological officer of the Robinhood Crypto & Trading Platform, made the announcement public. Johann also revealed that Robinhood Wallet simplifies the complexity of Defi and web3 to make cryptocurrency more accessible to everyone. Polygon, as the preferred blockchain network for Robinhood, provides speed, scalability, scalability, cheap network costs, and a wealthy developer environment. Robinhood's partnership with Polygon began in August 2022, when the platform launched functionality for MATIC withdrawals and deposits on the proof-of-stake (PoS) chain. The whole story of the Robinhood wallet release might be confusing because of the changes that took place in the last couple of months. Previously, the crypto platform introduced a new transfer feature on its original trading app as a “Crypto Wallet” product. The feature was launched in beta in January 2022, and it allowed Robinhood users to transfer crypto to and from the platform. Technically, it wasn’t a crypto wallet as it’s almost the same as how users can transfer crypto to and from Kraken, Coinbase, Binance, or any other crypto trading platform. The wallet that is now officially rolled out today is considered more like Phantom, MetaMask, or the Coinbase Wallet. The Robinhood wallet released now is a completely different product which is purposely housed in a separate standalone app to allow users to have maximum control over their crypto. The new app provides access to more advanced features, like NFT marketplaces and connecting to decentralized apps.
NASDAQ:HOODLong
by DEinvestment
Easiest 25% ETH gain The Link/ETH pair is currently in an oversold position and is due for a rally. The long-term trend remains bullish. This presents a great opportunity to buy the dip and capitalize on the upcoming rally as the market sentiment shifts. Furthermore, the fundamentals of the Chainlink project continue to be strong, with partnerships and collaborations being announced regularly and the usage of the Chainlink network on the rise, providing strong support for the value of the Link token. All of these factors point to a strong potential for a rebound in the Link/ETH pair in the near future.
Long
by cavalloj
1
LINKUSD: Should We Expect More Upside Movement? 🥹 | Jan. 13This week, we will stick to the 4-hour time frame to analyze the price action in detail. The bulls seem to be in control after another strong week. After a strong rally last week, LINK was able to extend its gains to hit a new swing high of $7.1. We can see some consolidation happening now which was expected after the sharp rally that started earlier this month. In our previous analysis at CoinMarketCap Alexandria, we had anticipated a move to $7.35 - it was almost achieved earlier this week. The supply zone at $8.51 will become the new target once the resistance at $7.35 is regained. This view is only valid if the price can sustain itself over $7.35. It is very important for the price to sustain over $6.30 right now, as a breakdown from this level could lead the price to $5.6. Traders must still maintain caution by waiting for a reversal from the support at $6.30. If a reversal is seen, then the coming week may be more favorable for the bulls! The important price levels for this week are $6.5 and $7.35!
by CoinMarketCap
#Chainlink Recovers but LINK Must Clear $7Past Performance of Chainlink Chainlink prices are mixed when writing. Although they are bullish, there is a bearish engulfing pattern in the daily chart that may spook risk on traders. Nonetheless, LINK is within a bullish formation, with the current retracement possibly representing a retest. Accordingly, aggressive traders can take advantage of buying on dips in anticipation of more upswings. #Chainlink Technical Analysis In November, Chainlink fell 42 percent, and bulls are yet to bounce back from the sell-off. Despite the revival in the first half of January, the path of least resistance remains southwards. This is until LINK prices surge above $7.7 and December highs. Based on the current structure, conservative traders can wait for a breakout above $7 and this week's high, confirming buyers of last week, as a trigger for the next wave toward $7.7. Conversely, any loss pushing the coin below $6.10 and the middle BB will cancel out this bullish preview. What to Expect from #LINK? Traders are upbeat, and the buoyant BTC can lift LINK higher. Still, there must be confirmation in the daily chart. This will only change if losses of January 18 are reversed and the surge above $7 is with expanding volumes. Resistance level to watch out for: $7 Support level to watch out for: $6.10 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
Link in "bullish" mantra.Hello again, I do not forgot on Chainlink fans. I will update this chart. It's good to have some Defi king in future bag. Especially, when its CEO is one of few really suspicious as Bitcoin founder ( Satoshi ) ;- ) However Link is still in pure downtrend with some higher lows and highs. potentially aiming to 382 Fibo in my mind, where would be bottom at the support of this channel. Like Bitcoins, we should see some pivot ( maybe higher ) first. But without any guarantees. This time, I like to focus on my target, as far it seems the same with BTC, ETH , etc... I just can't find any imporatant high crypto margets above are at the moment... I will believe later, when Chainlink hits 3 Dollar teritorry. It is , how it is and would change in near future. Always with care and ready, Emvo. *This is not any financial advice.
COINBASE:LINKUSD
by Emvo10
Chainlink UpdateChainlink was one of the coins I get wrong in 2022 , you can check out that invalided TA below : Where does it leave it in 2023? , its been tricky placing Gann Fans and Trend based Fib time tools on LINK because the RSI hit multi times at the same level so did the price. LINK hit 5.3 dollars five times over the last 252 days but never closed under , it seems to have a massive sell wall at 9.5 dollars . The pattern doesn't resemble any past price so been rather lost with this one. Price hasn't been moving like LINK normally moves in the past , it seems this price range has been very weird not very organic if you ask me. I have set a trend fib time using elliott wave indicator tradingview has to offer and according to that wave C finished June 2022 so trend fib time is placed from Wave Count 5 to C. Week of: Monday 2nd January 2023 -0.5 Fib Monday 13th February 2023 -0.618 Fib Monday 18th March 2024 -1.618 Fib The last date is the same week as the Bitcoin halving which is pretty interesting but time shall tell if these dates have pivots so far 0.5 has resulted in some action. Looking the LINK/BTC dominance chart we can see that this level is very important , there is a lot of confluence in this area and holding support here would be great to see. So to conclude not much to go on short term once we break 9.5 dollars and the 2/1 Gann Fan then will revisit.
COINBASE:LINKUSDLong
by Sporia
1
Wyckoff Accumulation Phases for $LINKCOINBASE:LINKUSD Hi people, Last time I published an idea here was almost 4 years ago which I DCA'd into Link token. Price went all the way up to $50's. Twas all sunshine and rainbows with price predictions of $1KEOY all over twittersphere. Then came the bears. During this cold season and absolute shitshow going on in cryptospace, Link token and fellow marines (which I consider myself one) experienced a heavy decline with considerable depreciation against BTC and therefor USD. Finally after this ugly cold bear season here we are again with a possible Wyckoff accumulation phase. Congrats to fellow marines who managed to survive till now. It's still cold out there but bears are ready to hibernate. Here is my 2 cents on current LINK/USD chart: Chainlink has spent months in this zone printing a choppy sideways PA. With all $LINK fundamentals available I think we are ready for a strong price markup. First phase of staking is completed. CCIP, DECO all getting ready to roll out. On March 2023, Swift will implement and start ISO 20022 migration. Which is a huge thing for $LINK. Link partnerships are at ATH, Chainlink dominates. I expect CCIP (Cross Chain Interoperability Platform) maybe rolled out around that SWIFT timeframe. Chainlink Labs is hiring talent relentlessly. IYKYK. With most of my $LINKs already staked I once again started to accumulate some more for long term hodl'ing. On my chart you can see possible Wyckoff accumulation phases. I happen to prefer horizontal levels for my analysis, which works better for me. Preliminary supply, selling climax, change of behavior, secondary tests, upthrusts all there. TBH I would expect that spring action go lower but I learnt from experience that during these kind of silent and boring days market can move pretty quick and leave you behind. As old adage says: never short a dull market. Now it's a waiting game for me. I already staked my tokens and feeling comfy (can't move them anyway). And with my new linkies in my wallet I'm feeling confident on my analysis. Let me warn you tho. I have strong opinions weakly held. I'm willing to react as market situations evolve. I'll try to keep this chart updated. Stay safe. LFG! Not Financial Advice. Educational purposes only. Please manage your own risk.
COINBASE:LINKUSDLong
by parababoli
1
LINKUSD: Will LINK extend its gains? | Jan. 13, 2023This week, we will stick to the 4-hour time frame to analyze the price action in detail! After setting a new 52-week low earlier this month, LINK seems to have recovered significantly from the fall. It broke a very crucial support at $5.7, however, the bulls were quick to return to help push the price back above the demand zone. We can see strong momentum, and traders can expect the price to approach the upper resistance at $7.6 in the coming weeks if the momentum is maintained. Once the resistance at $7.35 is reclaimed, we can see a clear path to the supply zone at $8.51. However, this view is only valid if the price is able to sustain above $7.35. We might face some resistance at $6.5. Once this zone is cleared, a move to $7.35 looks almost certain! Traders must still maintain caution by setting a stop-loss below the demand zone at $5.7. The coming week may be more favorable for the bulls! The important price levels for this week are $6.5 and $7.35!
by CoinMarketCap
1
Link / btc Upward trend 545 days! Pivot points. Potential $The LINK coin has been moving in an uptrend for a year and a half !!! 545 days !!! Since the inception of the uptrend, the coin has now grown by more than + 1000%. This is one of the rare coins that goes against the market. Now there is a correction to the uptrend line. Watch the line of the uptrend when the price approaches it. It is very likely that a large ascending triangle will form inside a huge expanding triangle. The uptrend will be supported by the uptrend line. Entrance three options from the development of events: 1) From the uptrend line, if confirmed. 2) On a breakthrough or rollback after a breakthrough of an ascending triangle if this formation is formed. 3) Entry into the short if the line of the uptrend, the price breaks and fixes under it. Target. All targets in three trading options on the chart. If this formation of the ascending triangle is confirmed, the wave potential inside the ascending triangle is + 80%. Also, the development of the potential of the ascending triangle if it is formed + 200% of the resistance. Or +280% of the uptrend line. If the uptrend line is broken down and the price consolidates below it, then the potential for working to lower the price opens, as the coin grew by more than 1000% against the market in a year and a half. Stop Loss. Under key support levels during your entry into the market. But when setting Stop-Loss, consider the potential volatility of this tool.
by SpartaBTC
3
Reacted positively to the support rangeLast week, LINK reacted positively to the support range of $5.42-$5.57 and returned to the previous resistance at $5.75-$5.85. This static resistance is reinforced by a dynamic resistance, whose trend line you can see in the chart. The complete breaking of this resistance should be done simultaneously with the breaking of the resistance of $6.317. Otherwise, due to the existence of higher resistances, we cannot expect to confirm the breaking. If this happens and a strong bullish candle is registered, the possibility of further price growth and moving toward the resistance area of $7.297 will increase. This is because the midline of the descending channel is also in the current range, and it has strengthened the resistance at $6.317. So buyers' support can push the price back to higher targets. According to the strength of the last downward wave in the daily timeframe, the specified resistances show the power of a high negative reaction. Therefore, there is a possibility of short-term buyers saving profits at these levels.
by MonoCoinSignal
LINK: Descending Triangle BreakoutChainLink (LINK) technical analysis: Trade setup : Bullish breakout from Descending Triangle. Upside potential up to $7.00 resistance zone (also 200-day moving average). Recent rally was driven by launch of staking service. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). Support and Resistance : Nearest Support Zone is $5.50. The nearest Resistance Zone is $6.00 (previous support), then $7.00, and $8.00.
Long
by altFINS
1