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Chainlinkanalysis

Link trying to hold supportRight now Link is looking to hold the support its currently at, aswell as come back up into the ascending channel. If we can get a daily close above our support we are currently sitting at would give link the chance to climb back up into our ascending channel and ultimately higher in price, however, if we see a close below this support i can expect us to have a bit of a drop tomorrow again and possibly at most see that 12% drop. Going to be interesting as our stoch rsi is shooting straight down into the oversold zone. The ichimoku cloud has begun to really shrink and we could see it flip to bearish. EMA ribbons are going sideways as of right now but aren't showing any signs of twisting to bearish. Watch for the daily close as it can indicate a lot. Not financial advice just my opinion
COINBASE:LINKUSD
by JacobR905
Link Looking for a breakout of wedge!Chainlink looking bullish on the 4HR timeframe, we have been trading inside this wedge for a little bit now and currently looking like we are going to breakthrough the 0.5 FIB level, if we do i believe we are going to see nice upwards momentum as the next FIB level 0.6 is above of the wedge we are looking to breakout of. We are seeing the Bollinger bands starting to squeeze the candles hinting at a big move if they continue doing so, our Stoch RSI is starting to turn up and we are only around the middle of the neutral zone! Thinking we are likely to see a nice leg up for link in the coming days/week! Not financial advice just my opinion
BITSTAMP:LINKUSDLong
by JacobR905
5
CHAINLINK (LINKUSDT/LINKBTC) Long Entry Setup 2021/03/11Looking to long LINKUSDT upon a strong close above $30. DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I am simply sharing what I am doing, and I will not be responsible for any actions you take based on the analysis and comments that I provide. The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk! What are your thoughts? Please leave your ideas and analysis in the comments below! Do give the post a like and a follow.
Long
by cryptotraderog
6
Link pushing to break resistanceLink is on the push to break overhead resistance level, i think we will if not the first try maybe 2nd or 3rd consecutive try. We got the EMA ribbons pointing up with bullish momentum and ichimoku cloud ahead is big support and the Stoch RSI still has a little to go before being Over Bought, also we are trading above our middle line in the ascending channel as of right now. We will need to flip both overhead resistance levels to support to reach our ATH levels and beyond
COINBASE:LINKUSDLong
by JacobR905
Chainlink currently in ideal Buy Zone 56% Gain back to ATHOn 4H Chart chain link has tested the 200 SMA and 50 SMA but there is no signal for a reversal in trend. This can only signify an explosive move back to the upside as the Stochastics are showing an extremely oversold market, further we expect the Bulls to come back in the market and for the previous push phase to continue. This buying zone at the 38.2% Fibs is a great entry to accumulate more Link at the current price level. 56% Gain back to ATH which we expect Link to test in the next 3-7 days.
KRAKEN:LINKUSDLong
by CryptocurrencyMagnet
Chainlink - Primed for TakeoffDecentralized oracles token Chainlink looks primed to gather further momentum after a recent pullback whereby the price has found support at the 50 SMA ($24.93). Today we highlight the possibility of another leg up after this latest price consolidation. LINK/USD is +136% YTD. LINK/USD found support at the 200 day SMA in late December. LINK/USD then rallied in early January and eventually reached an all time high of $36.89 on 20 February. We have seen a 28.43% retracement in the price in the past week. Now she is perched on the 50 SMA awaiting takeoff. Recent news reports announced that Chainlink has achieved a Key Scalability Upgrade with the launch of Off-Chain Reporting (OCR): www.prnewswire.com The price may surge as a result of favorable chart set-up and positive fundamental news. We are +5645% on Link/USD since March 2019. We remain bullish on Chainlink.
KRAKEN:LINKUSDLong
by rzinho
3
Chainlink for the winSentiment went from ATH at 20 doll to in the dumps...overall lots of stuff happening right now, ie US elections and coronavirus. Countries are starting to tighten travel restrictions and some are outright shutting down. Chainlink certainly fell victim to a euphoric ride to the top by the crypto twitter bulls. The buying power fell however was supported heavily from 8-12 dolla. The chart looks to be showing more strength...the buyers are stepping in and we are holding a beautiful long term diagonal trend line. Swing highs are higher and swing lows are lower. Even if this chart doesn't follow the yellow line, if we hold that diagonal trend line then the march to the money will be glorious (albeit slower). Either way, more and more people are adopting chainlink, twitter is getting excited about it again and we have lots of reasons for volatility. HODL for the glory. The Content is for informational and entertainment purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. This is not financial advice nor am I a financial adviser. :)
BINANCE:LINKUSDLong
by RozeRoze
1
Chainlink may be approaching a correction at $9.29Chainlink has been on an incredible run as of late, and I’ve been looking for patterns to predict when this may finally reach it’s peak and enter a correction. What I’ve found suggests we may see that peak around $9.29298 . Looking at the 4 hour chart it seems as if the current uptrend is on the 5th wave of a 5 wave Elliot impulse wave pattern. The current trend starts at $4.89293. In order to estimate where this may end, I applied Fibonacci lines such that they line up with support and resistance levels that have already occurred. I came up with the following 5 waves (white lines in the chart): Wave 1 meets resistance at the 0.382 fib line. Wave 2 finds support around the 0.236 fib line. (Here, the chart toggles between using this as support, then resistance, then finally support to head further up as wave 3). Wave 3 meets resistance at the 0.786 fib line. Wave 4 finds support around 0.5. We are currently in wave 5. Wave 5 did show two shooting star candles (bearish) at the 0.786 fib line indicating it was possibly going to hit resistance there, but it seems to have pushed on past. The current 4 hour candle looks to be sitting comfortably above 0.786 and using it as a new support. If this candle closes up, I would expect one last push to the 1.000 fib line which lies around $9.292928. I would then expect a correction to start. There are also wave-in-wave patterns that increase my confidence in this model and I’ve noted these below. (Note, for the overall wave pattern, I have used thick white lines. For the smaller wave-in-wave patterns, I have used thin green lines during the uptrends and thin red lines during the corrections): Within each of wave 1, 3 and 5, we see smaller underlying 12345 Elliot wave patterns. These are marked with thin green lines on the chart. Within waves 2 and 4 we see Elliot correction waves. These are marked with thin red lines. Notably, wave 2 has 5 waves within it, whereas wave 3 has 3 waves within it. This follows and alternating harmonic pattern that can be seen when comparing successive correction lines. In summary, several patterns suggest that we may enter a correction around $9.29298 . We should be watching for candle patterns indicating a possible reversal at that level. This may be an ideal time to sell and protect profits, then wait for an entry point during the ensuing correction before buying more and riding the next wave up.
COINBASE:LINKUSD
by tarbh
2