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Chainlinkanalysis

LINKUSD - 15 min watching this line. Market wide.I was just mentioning this to another trader with very nice chart work. He had bitcoin shooting up. But if you look, even if that us where we are headed, you will need a drop down. Think about it like the superhero take off into flight. and superman, the new ones, where he almost pushes into the resisted form of the earth to absorb the energy of force. We need that dip into the pool of belief. I think that will be a main factor in the height of the next leg of consolidation.
COINBASE:LINKUSD
by mindfree
3
LINKUSD 13.36 - still testing - Watching for Break - Seeking 7I like lINK as a project. I am learning this as i go, and it is useful, that it seems i need to continuously recount. It does enable me to find more connections along the way. Im not sure of the social response aspect. But Link is like little digital suit wearing personal assistants. I don't see a reason why this sector would be single chain dominant. Id say it's more like little service companies for value trace and transfer.
COINBASE:LINKUSD
by mindfree
Link Lookig for a Run!!Chainlink has felt the bearish pressure from throughout the market, we came all the way down to about 13.42 at our 0 FIB level but have since made a strong recovery to the upside! We are currently trading inside of a bullish triangle with a forced breakout happening in aprx 3 days, this means if we don't see a breakout in the next couple days we will be forced outside of the triangle in either direction. Looking at our pivot points we saw strong support at the S1 level and our next target is definitely going to be the bullish pivot point, a climb up break and close above this level will give LINK that bullish momentum we need to start making more significant moves to the upside! But first of course we must breakout bullish from this bull triangle, sometimes what happens is we see a false breakout for example a few days of a bearish breakout before then rebounding to the upside, this would be to fakeout traders and the goal would be too liquidate short positions! Looking at our supertrend we notice that we just reversed from a bearish trend into a bullish one, we saw a significant run of red on our recent drop and it looks like we could be in for a nice stretch of bullish movement, very rarely do we see a short 1-2 day period of either red or green on the supertrend, we usually see full moves like we have on the chart right now. Looking at our MACD we are coming up on a potential strong bullish cross, we have had a long period of bearish movement on the MACD with huge separation within the MA's and now it looks like we got the chance to have the same sort of run on the bullish side. What we are looking for here is a strong bullish cross with big separation in the MA's and more importantly a strong push on the histogram into bullish territory, we want to see increased green bars day after day showing the rise in bull momentum, once we start running flat or decreasing the bullish run is likely going to start fading away! Not financial advice just my opinion!
COINBASE:LINKUSDLong
by JacobR905
3
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!
BINANCE:LINKUSDLong
by JacobR905
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. _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
27
LINK Chainlink: Patterns In MotionHello friends, today you can review the technical analysis idea on a 4H linear scale chart for Chainlink (LINKUSD), a cryptocurrency. The chart is self-explanatory. This is a short-term chart with two bullish patterns (Descending Channel and Double Bottom Pattern) showing potential for upside. Though bullish, volume has dropped and Chainlink may be dependent on where Bitcoin and Ethereum are headed as those two cryptos are largest in the space. Additionally Shown: Ichimoku Clouds, RSI (Relative Strength Index), Stochastic RSI (Stoch RSI), Fibonacci Retracement, Support and Resistance Trendline, and Volume. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. As the year is coming to an end and holidays are almost here. I want to wish my friends Happy Holidays and ready for an exciting 2022! What are your thoughts for the coming year? 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
BITFINEX:LINKUSD
by MillionaireEconomics
9
Chainlink Update!Little update from our Chainlink TA yesterday! we are flying outperforming tons of coins all around the market and we are taking out some important levels on the way, we are currently sitting above a key resistance level at aprx 26.5$, the definite goal here is going to be a daily close above this level adding to our already big momentum! Our bollinger bands are looking fantastic as i talked about yesterday, we closed ontop of the top band and in turn our price action has shot straight up, continuing this tonight is going to be big, if we can manage to close our daily again on the top band we could see another day like we are today! We will almost 100% be sending price action right through the important 0.3 FIB retracement level. The squeeze momentum indicator shows us that we are in a clear bullish squeeze and with another increased bar today we are entering the explosive squeeze release portion of this indicator shown by the black crosses turning white, this is the last sort of pump in this indicator before usually fading back down, but even if we do come back down towards the midline we definitely still have the chance to extend the cycle as shown by the previous long drawn out red cycle! In comparison we are not even a quarter of the length the last red cycle lasted, so keep that in mind! Not financial advice just my opinion!
COINBASE:LINKUSDLong
by JacobR905
Chainlink Breakout!!Chainlink has been performing great compared to a lot of coins recently and we have broken out of this bullish triangle with ease, We had a false breakout to the downside which would have crushed a lot of traders. On top of us breaking through this level we also brokethrough a key level that is.. the 0.2FIB level, what im looking for tonight is a second daily close above here to really confirm the bullishness. as far as resistance levels we must breakthrough in the coming days are, the R1 pivot resistance level and also pretty heavy resistance at 26.5$ (USD). Looking at our bollinger bands we are looking very nice and bullish, we have turned the midline into a nice support cushion and our current price action is sitting right ontop of that top bollinger band, if we can get a daily close tonight ontop of this level we could be triggering a bigger scale run upwards, historically when price action closes ontop of the top BB the following price action is explosive and can rise up very fast. Now keep in mind that this all pends on BTC, if bitcoin decides to dump then this TA could be invalidated. The MACD seems to be going on a second bullish stride here, our histogram dipped down and was targeting that midline but our blue MA bounced and we are beginning a second bullish phase. Now this is a prime example of why i stress so much that separation is very important with the MACD, having big separation between the MA's makes it more difficult for a bearish cross, this also allows for some downside and cooloff without triggering a bear cross. What we want to see going into tonights daily close is another rise in our current green bar on the histogram, we wanna see an increase as this shows us a rise in bullish momentum and aswell keeps our structure going for another healthy bullish cycle. Now we are already seeing healthy movement coming from the MA's and we want to see this continue just as we are seeing it now, big separation, and an upwards pointing blue MA! Not financial advice just my opinion!
COINBASE:LINKUSDLong
by JacobR905
LINK Making Gains On BTC!!?Chainlink on a weekly timeframe has broken out against BTC and we are looking bullish! Ontop of that good news we got some more amazing news from Sergey Nazarov, Chainlink staking is going to be released this year! Absolutely huge news and a big win for the LINK community, the people have been waiting years for this to happen, once the news comes out where staking is live i expect link to see some massive volume and likely a lot of FOMO! Our first test for Chainlink on the weekly is aprx 0.0005 BTC. Looking at the RSI we have broken nicely above the yellow SMA and we are heading to the upside where we will be approaching the very important midline, we gotta break up and above here and hold it for us to regain an uptrend, being below this level keeps us in a confirmed downtrend. The MACD looks good we seem to be coming out of a double bearish cycle with our histogram now right on the midline, the goal here for weekly close tonight is to print a strong green bar on the histogram and then afterwards continuing to print green bars that are increasing everytime, its also looking like we are going to see a bullish cross which is always a good thing and due to our previous 2 bearish cycles this next bullish one could be huge! Now the Wavetrend is sending off some bullish signals aswell, we have bottomed out and we are making a very healthy rounded curve for our reversal, keep in mind just on the daily chart this is a slow moving indicator that usually doesnt make sharp moves, on the weekly its even more powerful and slow moving, we could be in for a big bullish wave coming up soon, especially because we have seen quite the downside over the past months! Not financial advice just my opinion!
Long
by JacobR905
Chainlink Ready for Takeoff!!?Taking a look at the king of decentralized oracle networks.. LINK, i noticed we were making some nice progression to the upside from below our 0.2 FIB after breaking out beautifully out of the descending channel, we pushed all the way up and strongly closed above the 0.2 FIB, then as always BTC decided to crash the party (LINK marines joke) none the less Bitcoin has dragged down majority of strong cap coins including ethereum. We are still looking bullish on our daily timeframe here, we are trading inside of a bullish triangle that we have respected all the way through, this pattern historically plays out to the upside hence the bullish triangle name, now keep in mind this pattern can be invalidated if Bitcoin decides to keep falling in turn dragging the market down along with it. We could see this pattern continue to play out over the next week before we reach that apex point but if BTC can settle down i would be confident to say LINK will breakout sooner than a week. the bollinger bands look pretty good we are still in the upper half an the midline is bringing us support right below the bottom of this bull triangle, we almost had multiple closes right ontop of the top band which couldve sent us flying to the upside, but the goal for us now would be too hold this triangle and bounce to the upside where we have that chance of grabbing the top band. On the RSI we are looking a lot better than majority of large cap coins, we had a push up and above the important midline and if BTC didn't drop we would likely be looking at another confirmed uptrend, the good sign is that we are fast approaching the yellow SMA support line where would could definitely see a bounce! The squeeze momentum indicator looks good we are on our 4th increased green bar which points to a bullish squeeze, the only problem here is that it is likely we are going to see a decreased green candle after our daily close, this could invalidate the current bull squeeze but we will still have chance to make an increased green bar the following day, this will be crucial for returning to our bullish squeeze and then eventually the squeeze release which could send price action flying!
COINBASE:LINKUSDLong
by JacobR905
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
LINK Chainlink - Massive Upside ComingHello friends, today you can review the technical analysis on the 1D linear scale chart for Chainlink ( LINKUSD ), a cryptocurrency altcoin. #CryptoPickk noted in the chart: 1) Chainlink price is still down nearly 50% from the all time high at around $53. 2) The price has respected the Fibonacci Retracement levels as highlighted on the chart. The price recently had touched the 0.382 level two times (double bottom pattern), with a bounce up. 3) The Stochastic RSI (Stoch RSI) looks like it is potentially going down again to form a double bottom before moving up. CryptoPickk outlined this by the arrow. 4) The RSI (relative strength index) looks ready for a double bottom as well then upward momentum. CryptoPickk outlined this by the arrow. 5) The Volume Profile (VPVR) shows the highest amount of resistance at the current price level. 6) The Volume seems to be falling compared to the prior weeks with potential anticipation of a move coming. 7) If price moves higher, it could re-test the golden pocket which would be a 41% move up. 8) If price falls, it may be supported around the $21 range as shown by the dotted green line. 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:LINKUSDLong
by MillionaireEconomics
18
LINK Chainlink Golden Cross 250%+ MoveI am showing this analysis on the LOG scale chart. Chainlink (LINK) recently had a golden cross (50 crosses over the 200 ma) on the 1D Chart. Per the charts, the last time this happened was when LINK was around $2.84 and it went into a Death cross at around $20.52 (about 615% increase). If LINK can get back to the top of the channel, that would be around $116 with about a 250% move. What are your opinions on this? Comment below, hit the like and follow me. Thank you! Check out more below for recent Altcoin, Bitcoin and Stock Ideas. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
COINBASE:LINKUSDLong
by MillionaireEconomics
2
Chainlink Ready For a Breakout!!Chainlink has been moving to the upside very solid since late september, we have been respecting for the most part this ascending channel and we are now looking like we are ready for a breakout of this bullish triangle, we are pushing slightly above the top of the triangle which is also the 0.5 FIB level, a daily close above here will be very bullish for LINK and will likely lead to some big bull momentum and also opens the door for the 0.6 FIB level at aprx 38$ (USD) Another thing to realize is that if we do successfully breakout of this bull triangle and the 0.5 FIB price action will be landing ontop of the top band coming from the bollinger bands, and this will add a tremendous amount of bullish momentum, especially if we could grab onto that top band and take it for a nice ride to the upside. if this plays out we will surely push upto that 0.6 FIB in no time, plus we shouldn't have a hard time shredding through this level. Next up the MACD we have gotten a very nice bounce after what most people wouldv'e expected to be a bearish cross! We could be setting up to go on another bullish cycle on the MACD, we are already seeing some positives here, the Blue MA is ticking to the upside while the orange stays pretty stagnant, we want to see this continue with us spreading out more and more lessening that chance of a bear cross, aswell on the histogram we are seeing a nice daily green bar with a pretty good growth start, we gotta see this continue making bigger bars each day increasing the bull momentum, if we dont see these increases a bear cross is likely. Now the RMI, this indicator signals reversals (potential), we were seeing a down trailing blue MA looking like we were going to see a bearish reversal but just like the MACD we saw a much needed bounce and now the Blue is ticking to the upside moving away from the orange which is key, also keep in mind we could see a short term reversal once we start running up just allowing for some cooldown which is never a bad thing! Not financial advice just my opinion!
COINBASE:LINKUSDLong
by JacobR905
#LINK Chainlink 1M LOG - Follow the trendChainlink on a 1M LOG Chart showing the high and low on Jan 1 2022 assumption. Circled areas are the touches of the Equilibrium on the Parallel Channel. What are your thoughts? Comment below and hit the like please. Thank you! 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 #bitcoin #altcoins
COINBASE:LINKUSDLong
by MillionaireEconomics
2