Possible Head and shoulders *LONG*
Keep an I on the possibility of this being an outcome for Chainlink. Even though it has been on a pure uptrend testing it's highs and lows and pushing forward. There is always another side to every success story. No matter what I believe, Chainlink will push through eventually. Keep an eye on resistance levels through the week. $27 specifically, if we find it causing resistance it is possible we can end back up we we are currently sitting at $22 - $22. 40 . Which in turn if this forms the infamous H&S , this may in turn push us further down to the $19- $17 range. Just hypothetical but possible. Good luck and Happy Tuesday!!
Chainlink
$34+ INCOMING FOR CHAINLINK *Update*OK so we're starting from scratch. Idea fell below $25. So now we're fighting that as resistance. No change in target to proceed further. It still is sitting at $26.80.
A 1000 Dollar ChainlinkDoes chainlink even have bear cycles? , one can say price just goes into a long accumulation period before heading up once again.
Secondary Long term channel still intact , I did have another I was charting but it broke that one. Chainlink has had a double rejection off the 8/1 Gann so far.
The longterm channel and the end of the 8/1 Gann cross March 14th 2022 , I had been going over the idea of a cycle top in May 2022 for a while using a Chainlink Fib time sequence, it is possible that May 23rd 2022 for Chainlink is not the top but the start off its parabolic cycle up to 1000 dollars June 2023.
The chart below you see is LINK/BTC this Fib sequence has been perfect so far at calling major moves in LINK and also calling the bottoms for price next date May 23rd 2022 ,out of hundreds of Fib time sequences I have used in the last 2 years this is the only one that has had a perfect count each time without fail.
Chainlink Bounce Coming!!?Another coin that i am looking to add more of is my favorite project.. Chainlink, we are coming down towards our 0.2 FIB level and we are given the chance to get a bullish bounce here. We have tons of support underneath of our price action with uptrend support coming in from our previous low, support at our current spot of 24.31$, 20.67$ support and we have strong support coming from the 0.2 FIB level. Looking at the bollinger bands we have more support coming in from our midline, we are currently sitting right above this point and it is important that we hold above and close above to keep this level as support. Also being above this level enables us to make a run for that top bollinger band, and as you all know if we can successfully make the run up to there and close ontop of this band we could be looking at a fast sharp move to the upside, more often than not closing ontop of this band triggers that big move to the upside! Now the MACD isn't looking super great we just had a bearish cross, this isn't 100% confirmed yet as price action could begin to push up and cause another bullish cross, or we could see a short bearish cross with a bullish reversal following soon after. What we don't want to see is a strong move from the MA's pointing down and separating, separation in the MA's makes it harder to trigger a bullish cross, when the ma's are compressed together one day of green price action can trigger a bullish cross, same thing applies when looking at the upside. Another thing we don't want to see is the histogram start to make significantly bigger red bars day after day, this shows an increase in the bearish momentum and can really accelerate the further we move into the bearish MACD cycle. Next very important we have the RSI, reason of why this is important is due to the RSI being directly on the midline, if we can see a bounce here and reversal back upwards we are looking at a very plausible confirmed uptrend and thats exactly what we want, if we break below here and get stuck unable to regain above here we are looking at a confirmed downtrend, so we gotta wait for our daily close tonight before we can confirm anything! Not financial advice just my opinion!
LINKBTC LINK POISED FOR BREAKOUT RUNLink has been showing strength lately. Positive price action so i thought id take a look.
Link showing lovely structure here.
Has turned a resistance in to a support which is also bullish. Now is just needs to hold above the 100MA.
If all goes well we will see Link gain much value to BTC.
What are your thoughts?
Does Chainlink Have enough Momentum to Push Through this Wave?Projection of Links Wave Movent and its consistent significantl loss of momentum after every wave. Only at the beginning did it throttle through. Is this the next major push?. Possible collapse after $34 yet again. But looks like we may have the cloud in our favor. We'll see.
Good set-up on ChainLink Crypto Hello Traders,
I been viewing it in last couple of days and hoping for a good set-up, well it is happening. A wonderful set-up with RR (Risk-Return) of 2x or more.
Price Action in Daily candle sticks chart tells-us that ChainLink has secured a support at 18.20ish and it is ready to rise above 30 level in 60 days.
Strategy = Long Position
Duration = 60 days
Entry = Spot (current rate) or anywhere between 18.50 and 22. Use averaging method.
StopLoss = 16.5ish, it should not touch this level because you will notice strong upwards push when prices get close to 18ish levels.
Target = 30 and above.
In coming days you will see price struggle between buyers and sellers at 23 levels but once it is broken there is not stopping back till it hits 30 and above.
Remember to use risk management. Use 1%, 2%, or 3% of total Capital to place trade.
Happy trading
Disclaimer: Above idea is based on my thoughts and not a recommendation or advise to buy/sell. I strongly recommend you to abide by risk management policy laid down by your country's' regulatory board.
LINK🔗 triangle breakoutIt's has been long time since I posted last Chainlink idea... 👇
But now here comes another one >> LINK 🔗 is holding well even in this weak market recently. Price seems to be ready to break up this triangle 📐 and If succesful I think there is chance for run to 30.9 and even higher. I'm already in, but one can set the BUY LIMIT order to catch the possible pullback. As usually we need BTC to stay stable (or even go up) to not spoil the party. Going with lower size as markets are shaky.
ENTRY : local high @ 26.37
STOPLOSS (TP) : local low @ 25.08
TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY LIMIT - SL) @ 30.9
REWARD RISK RATIO (RRR) : 3.5
INVALIDATION : when SL level hit
Check my other stuff in related ideas.
Please like👍, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
CHAINLINK!!! BULLISH LOOKING FOR CONTINUATON!!!!Chainlink has now done a 60% pullback after doing a 75% pullback that was held on July 21st, 2022.
great for reversal.
it has respected horizontal support.
it has printed bullish engulfing candle.
Entry : $19.54
Stop loss: $13.60
Target 1: $25.40
Target 2: $31.20
Target 3: $37.10
Btw I use a modified shark or cypher pattern and trade it to the 1.618. Use your own caution.
Chainlink Price AnalysisThe 26 support level is under threat due to the intraday violation shown on the 4-hour chart. A breakdown of this level allows the 24.00 support level to become the immediate target for the bears. 22.47 and 20.12 remain additional support targets in the near term.
Conversely, the bulls need to resist the intraday violation to preserve the sanctity of 26.27 as valid support. Any bounce from this level targets 27.52 initially before retesting the 28.76 barriers that held last week. Only when this barrier gives way can a price move towards 31.74 be actualized, which completes the measured move from the triple bottom.
Link 3D One of the few alts that is growing right nowThe last time we did a LINKUSDT forecast idea was six months ago.
Since then, the price has twice tested the level of $34.
Today, despite corrections and BTCUSDT pair's update of lows , the price of LINKUSD is headed up.
Soon the level of $34 will meet us again from above.
Then the last correction to the area of $23-25 is possible before the subsequent break up. This is where the dynamic support channel passes, which has already kept the price from a catastrophic downfall three times already.
After a strong fixation of the LINKUSDT price above $34, the way will open for the next growth target to $53.
If this trading pair is interesting for you, write about it in comments under the idea, and also write your opinions about the future price of Chainlink token
See your interest in the LINK coin, so we will update our thoughts on this trading pair more often.
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Since 2016 , we have been analyzing and trading the cryptocurrency market.
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Good Position for ChainLink - USDT Technical analysis of link ciphers in weekly timeframes.
(Please also read the previous analysis in the daily time frame).
Technical and price action training tips:
- The combination of MACD, RSI and CCI indicators is positive.
- The volume and average of transactions is satisfactory (especially in recent weeks has been excellent).
- The price is closed above the simple moving average line of the middle of the Bollinger Band.
- The price is in the upper half of the Bollinger Band.
- The price is entering its own cum cloud.
- has cut the price of base and canon lines (in Ichimoku indicator) upwards.
- The current price valley is composed of the previous higher price valley.
- The 553-day uptrend line had good support at the price of $ 15. (Even after the $ 53 price peak and the 74% drop)
Conclusion: The price has tremendous potential to reach $ 34 and $ 37.
First Target: 20%
Target II K 30%
like always :
- Observe capital management.
- Observe risk management to Reward.
Good luck and profitable.