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Chainlink

LINK Chainlink: Check Up On The 1DHello friends, as many of you know, I enjoy writing an in-depth analysis along with my chart. Though I want to do that with every chart I show, I don't have the chance to show more charts as it takes time writing out the analysis. So moving forward, you will see me mix up the charts with in-depth analysis as well as short analysis. I hope you understand and continue to like and comment on the content provided. Thank you! Quick Analysis on Chainlink (LINKUSD) on a 1D Linear Chart: 1) I shows a multi-month trendline from March 2020 which has supported the Chainlink price. 2) Recently, a Double Top Pattern (bearish) was formed with a strong bounce moving up. This may get invalidated if the price continues upwards or consolidates slowly upwards. 3) On a multi-month scale, a Head and Shoulders Pattern is in sight and we need to be careful as this is a very bearish pattern. 4) The Volume is healthy. 5) The price got a strong push up from the support trendline right after the crypto crash showing that the price doesn't want to fall below the trendline. 6) It is very important that Chainlink remains above the support trendline, otherwise it could get really bad very quickly. What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
COINBASE:LINKUSD
by MillionaireEconomics
7
LINKUSD forming a h&s inside a symmetrical triangle on the 1wkWe can see on the weekly chart that LINKUSD has formed a symmetrical triangle(bullish) with an ascending head and shoudlers pattern inside it(bearish). When we take a measured move o each patterns potential breakout target we can see that the bullish symmetrical triangle pattern has a breakout target of around $75 or so (depending where it breaks up from the triangle at). Transversely, the bearish head and shoudlers breakdown target is roughly negative 19 to negative 20 dollars. When we consider chainlink’s utility and fundamentals, to em it is clear that probability much more highly favors a break to the upside instead of a break that would take it into negative territory. *not financial advice*
COINBASE:LINKUSDLong
by DrDovetail
11
ChainLINK Daily Analysis : 08.DEC.2021Appealing price ranges for long-term investment and HODL in #LINK : 17$ - 24$ Important support and resistance ranges are marked on the chart and everything is clear ... Anyway, wherever the chart was vague for you, Jus ask . Follow our other analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 08.DEC.2021 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Long
by ArmanShabanTrading
5
LINK TO THE MOON??Hey guys I have been keeping this chart to myself for awhile unsure if it was going to play out, but now it is just remarkable how similar this fractal is to current price action. The fractal is links run from December '18 to July '19. With out BTC's current correction this fractal would have been perfection. I would not be surprised to still see this play out with the recent news of googles ex ceo backing and advising chainlink and THE TEAM FINALLY STOPPED DUMPING COINS! However, the only portion of this fractal that I believe is unlikely is the run to the 200's and breaking that multi year resistance line, but crazier things have happened in crypto so you never know.
COINBASE:LINKUSDLong
by thebest97
4
Why Diagonal Trend Lines Are DangerousHorizontals > Diagonals, but good to use together to help support your thesis of a trend reversal. Diagonal and horizontal S/R break is strong but if only using one, use Horizontals. See this chart as an example as to why Diagonal breaks can fail you... If you bought the breakout at the close above diagonal, where do you put your stop? below the trend line? Well, you can see that it would have been 23% loss before a close below diagonal. Where as it would have only been a 3.5% loss if you entered and exited the horizontal break. —————————————————————————————— Top 10 trading tips: 1. DO NOT FOMO into PUMPs. 2. Set a strategy and be consistent. The more you use the same strategy with the same $$$ amounts, you will be able to identify the winning set ups quicker and you will need to win less trades to be profitable over time. 3. Let your winners run and cut your losers short. 4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win! 5. Before you enter a trade, make you know your target (or take profit target and let the rest ride) AND your exit strategy. 6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven. 7. It is hard to deal with emotions when trading, set parameters up front so you keep your self accountable. (stop loss, take profit levels, etc) 8. Don't fight the trend. The trend is your friend. 9. Use multiple indicators to confirm your TA on price action. 10. Only trade what you are willing to lose. It will be hard to trade without emotions. Please note: - This is not financial advice. - I do not take every trade I post. - Never trade off of someone else's chart until you DYOR!
COINBASE:LINKUSD
by DaCryptologist
4
THE BIGGEST BULLISH DIVERGENCE I HAVE EVER SEEN (BUY CHAINLINK)BINANCE:LINKUSDT is a monster in disguise, with a huge surprise waiting around the corner. On the weekly timeframe chart, we can see a monster-sized hidden bullish divergence. The price action has been printing higher lows, while the RSI has been printing lower lows. By definition, this is a hidden bullish divergence. Something like this appearing on a high time frame, in our example the 1-Week time frame, can only mean one thing: a huge move on the upside is waiting for us. Fundamentally, BINANCE:LINKUSDT is also a fantastic project, having just partnered up with the former GOOGLE CEO - Eric Schmidt. I have never been so excited for a project before! Good luck, Your Ganbu ⚠️ Let me know your feedback and comments below! ⚠️ Follow me if you would like to see more analysis like this
Long
by Ganbu
4
LINK Buy of a lifetime (Analysis) 🐂LINK is forming a solid pennant that it's been respecting since September of 2020. I believe the earlier pump was simply deviation, and that the real breakout is still coming. A buy at the current price ($20) is further supported by the Stoch RSI, where each time it's bottomed out has been a great opportunity to buy. Based on the fib retracement from the last pump to the last low there is big resistance right around where a breakout from the pennant would be. Breaking this area although difficult would mean clear skies for the bulls. I'm currently looking for buys in this region with a stop loss outside of the pennant, the risk to reward ratio is too good to pass up. That's also only considering the price action, this isn't considering the utility LINK brings to the table. I won't go into too much detail here, but in summary, it facilitates the transfer of data between on-chain and off-chain smart contracts which is essential for real-world applications. If curious look into the relationship between PayPal and Chainlink. The long-term value of LINK is undeniable, I am very bullish.
COINBASE:LINKUSDLong
by sachu_blessyou
2