Chainlinklong
LINKUSD formed Gartley | Upto 34.5% expectedOn daily chart, the price action of Chainlink (LINK) has completed bullish Gartley pattern, now it has entered in the potential reversal zone. There are also 100 simple moving average support in the potential reversal zone.
Buying And Sell Targets:
The buying and sell targets according to harmonic Gartley pattern should be:
Potential reversal or buying zone: $12.4824 to $11.4132
Fibonacci projection or sell zone: $13.3258 to $15.3716
Stop Loss:
The potential reversal zone area that is up to $11.4132 can be used as stop loss in case of complete candlestick closes below this level.
Possible profit and loss ratio:
As per above targets this trade has a profit possibility of 34.5% and as per the above-mentioned stop loss, the loss possibility is 9%.
Note: Above idea is for educational purpose only.
Chainlink getting very intersting again LINKBTC getting very interesting again.
You may ask why key point! 😊
- Chainlink has been bouncing on 50 Weekly MA ever Since April 29, 2019
- Trendline intact from 29 April 2019 until now every time we get a big run. Price always
Tend to come back and test the trend line.
- July 30 2018 ChainLink Bullrun started and RSI weekly never been below 44.87 every time it came down and touch look what happens with the price.
- We have TD Sequential count on sell 7 so coming 3 weeks should be very interesting
- Stouch RSI about to flip Positive.. on weekly which is big deal. Everytime Stoch touch 2.36 point look what happen next to the price.
Scenario 1:
Price keeps the bull trend and we continue with uptrend which I also expect.
So I would recommend buying below 0,0072 sat and hold Target on the chart.
If u wanna play safe wait for positive flip on stoch RSI weekly, Ifish smooth flip green and RSI bounce.
Scenario 2:
Price break the trend and close below 50MA weekly ur next buy target would 0,00050k sat which is 200 weekly MA
And exit target would be 0,00070k area. Break above 0.00070k sat again = back to bull mode!! rejection would lead long bear market. Highly unlikely scenario
LINK is looking like it's ready for take-off before XmasNot too much to say since the chart speaks for itself. If Chainlink manages to stay inside the current fib channel, we could reach anywhere from 100% to 200% gains before Christmas. I'm long again since $12.25 and plan to stay that way for at least the next three weeks.
PS - I'm new to TradingView and publishing my TA publicly, so let me know if you see something I don't or if you have any comments or suggestions. Thanks! -Juice
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. :)
CHAINLINK BUY AND SELL ZONES!!So everyone knows about chainlink buy now unless your living under a rock, but if so thats ok, heres some quick and easy buy and sell zones to keep an eye on.
everytime the RSI is over sold it tends to be a great buy time or DCA (dollar cost averaging) in. also around the bottoms before next run MACD seems to be a little laggy but histogram is right on.
The same goes for the over bought on the RSI tends to be a great time to sell. be good time to probaby scoop up a little on this now if you wanted. it wouldnt hurt.
LINK nice entry opportunityPlease feel free to share your view on this pair down below in the comment section. I'm more than happy to be challenged and have an interaction on this idea.
Also make sure to leave a like as it helps me out a lot!
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Chainlink (Link) Is Completing Setup For Next RallyHey friends hope you are well and welcome the new update on Chainlink DeFi token.
On the daily time period chart the priceline is moving in a down channel.
The price action of LINK is rejected by the resistance of channel and 100 simple moving average at the same time. The priceline is already moving below the 25, 50 and 100 SMAs and has strong support of 200 SMA at the same level where we have the support of down channel. Therefore there are chances that the price action of Chainlink may take another bullish divergence from the support of channel.
The priceine of Chainlink is completing final leg of bullish BAT and soon it can entere in potential reversal zone.
The targets as per Fibonacci sequence of bullish BAT pattern can be as below:
Potential reversal or buying zone: $7.17 to $5.53
Fibonacci projection or sell zone: $11.10 to $17
Conclusion:
The priceline is rejected by 100 SMA and the resistance of the channel, therefore it can test 200 SMA support and the support of the channel at the same time and complete the bullish BAT. After this bearish move we can witness another rally to the upside. The potential reversal zone of BAT pattern can be used as stop-loss as well.
LINKUSDT completing final leg of bullish BAT | Upto 207% moveThe priceline of ChainLink is completing the final leg of bullish BAT, the targets as per the Fibonacci sequence of BAT are:
Potential reversal or buying zone: $7.17 to $5.53
Fibonacci projection or sell zone: $11.10 to $17
Regards,
Atif Akbar (moon333)
LINKUSD LONG TERMI am very drawn towards a crypto bull run at the end of this year into the start of next year.
I have given a view on BTC to aid my bias for a bull run. It has broken important structure and I am waiting for it to retest the broken structure. This leads me to look at ALT coins because we know that BTC rules the market, what BTC does the other follows.
Lots of hype around chain right now and rightly so...look at the market structure and formations, we have seen lots of positive bullish movement for such a short space of time. BUT! it's incredibly young and IMO we will come back to $5-4 before the bull run, we don't even have enough data yet to draw accurate trend lines.
I think we will see $15-17 before the big dip I am biased about.
LINK.USDT (Y20.P4.E5).TA.Entry level is hereHi All,
This is a continuation of my previous LINK.USDT post, link supplied below.
On my last post for LINK, you will note in the last entry in the update section, I entered this chart and the green zone, as part of the weekly support level. A good level/zone to re-accumulate.
Unfortunately I didn't get filled at $7.20 price as my bottom but I did get filled at $7.45. We will see if this was the bottom for LINK in the coming days.
For now, people would more likely short LINK and many of the ALTs as there are plenty of opportunities, if I have time, I will post which ones I have done and still looking at.
I do have BTC.dom to go up a little further but one can't be so confident what that means for some of the ALTs.
With LINK, I'm going to accumulate to going long.
It might drop further more but as they say, no risk no reward.
If you look at the RSI on this chart, it does support my thesis.
At this point, I can't see a deeper pullback at this point, but one never knows.
Please give me a tick or like for this post.
Regards,
S.SAri
The SHORTING opportunities were given. Hence why I have shorting at this latest level but its likely to be a reversal pattern stemming from this.
LINK USDSideways chop followed by breaking through of the descending resistance line. Re-test this then you are looking at 20 dolla real quick. It will be psychological barriers thereafter... $25, $30, $40, $50 etc.
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. :)
LINK.USDT (Y20.P3.E5.v2).Rare Gems.No.1.not there yet** This is a continuation from the previous post, link provided below **
As you can see based on the non log chart, it makes it easier to understand price action here.
The trend line is key to this and must hold which its doing, however as per chart, wave 3 to 4 is a complex wave and hence
is designed to strip your profits, like we did with 9k to 10.5k with BTC.
Hence I'm staying away from further action, I bought in and now wait it out.
OBSERVATIONS:
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> fib. levels are aligned with price actions support and resistance levels
> similar KDJ pattern to the previous wave 1 to 2 and hence will use this as a guide
> many levels to break on the upside what looks like a ascending triangle
> the ABC correction is complete however gaining momentum will be slow
> the trend is good
MY THOUGHTS:
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I already hold LINK as I bought some at the $12 to $13 dollar mark. I want to buy more but I rather look for charts that are or have moved significantly.
Once these coins slow down, eg BTC or ETH, I'll redirect some of the funds to LINK, if LINK is ready.
NOTE: BTC dominance is about to have another bounce as it approaches a key level. My guess would be it does another break to the upside (breaking 12k) to reach 12.5k or more.
Won't be long so this might explain the ascending triangle taking place for LINK.
The DAILY gives a good account to what's going on, from a bullish perspective. I see it bullish based on the indicators as well.
What are your thoughts?
Please give me a like or tick for this post
Regards,
S. Sari
PREVIOUS POST related to this continuation:
LINK.USDT (Y20.P4.E1).Rare Gems.No.1.Bullish again **** This is a continuation of the previous post, link below ****
Hi All,
Firstly don't miss out.
I have been stalking this bugger for some time and kept buying the dips in the formation and now its done a breakout, it almost lines up with BTC to soon break out as well.
Either way, you win but one would like to flip to BTC when it rockets up as well.
If you recall a few incidents with btc dominance (chart), when BTC dom is about to go up, the alts are likely to drop a small % (5 to 10%). So if you time it well you can compound with this upward motion with both coins.
But your timing has to be good.
As for this chart, there are two ways to look at this formation, and both are good signs.
I thought I better post this update so you still have a chance to get in.
The daily even looks better
Cheers,
S.Sari
BTC chart
Previous posts related to this one (continuation).
(I like to keep posts linked so when I look back, I have a clear history on my success and failure points, and hence easy to review and learn to improve).