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Chainlinkprice

Cryptolean Chainlink LINK UpdateAfter dipping to below the key support of $17.40, Chainlink price is trading in the daily range zone between $17.40 and $19,56 and where we will continue to see a slow and choppy price action. A bullish reversal from the current price location or after a re-test of $17.40 will result in a bullish move to $19.56. Upon a bullish break-out of $19.56, the key daily resistance, bulls will be in control and push price to $22.10-$23.09. A bearish break-out of $17.40, the key daily support, will push LINK price towards the next support zone of $13.87-$14.85, where the price action will be very important.
by Trade-Lean
LINK → Chainlink About to Breakout!? Let's Maximize Profits!Chainlink bounced off the top of the Resistance Zone at $20.00 and is threatening to break out. Is this a situation that calls for a long or a short? How do we trade this? 🤔 Never long in a Resistance Zone! But also, don't short prematurely. I believe LINK will make an attempt to break out of the Resistance Zone, but we need confirmation of the break before we can enter a long trade. Wait for a strong close above $20 followed by a test of the Resistance Zone as support. Once we see a strong bull bar closing on or near its high after a bounce on the Resistance Zone, we have the justification to enter a long trade. I do believe that Bitcoin has a high likelihood of pulling back into the $30,000-$35,000 range before we see new all-time highs. Such an event will likely drag the altcoin market down with it. This is partially why this trade is set up to take half profits at 1:1 Risk/Reward and move the stop loss up to the entry price, locking in profits. The remainder of the trade can then be executed without worry of loss. 💡 Trade Idea 💡 Long Entry: $21.60 🟥 Stop Loss: $17.185 ✅ Take Profit #1: $26.00 ✅ Take Profit #2: $34.85 ⚖️ Risk/Reward Ratio: 1:3 🔑 Key Takeaways 🔑 1. Two strong pushes to the upside 2. Strong resistance at Resistance Zone 3. Price action still above EMA ribbons 4. Wait for a break, close, and test of the Resistance Zone as support to enter a long trade 5. RSI at 70.00 and above the moving average, supports pullback then long 💰 Trading Tip 💰 Trends typically have three legs in either direction. Signals of a reversal include strong buy or sell bars with large wicks, higher highs and lower lows get weaker, and responses to the reverse direction get stronger. Confirmation lies with double and triple bottoms with a strong candle closing on or near its low/high. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
Long
by TraderEngineering
6
LINK → Chainlink Potential Triple Top! Short Scalp Opportunity?Chainlink has been attempting to break the $16-$17 range since November 11th and has failed there times. After the crypto sell-off on January 3rd, Chainlink made one more attempt but fell short at $15.75. With that lower high, is it time to short? How do we trade this? 🤔 We have a potential triple top, a doji (one bar trading range) just under the Resistance Zone which is a potential lower high, and a crypto market that's burning hot and likely nearing a strong pullback. To confirm a short entry, we need a strong bear bar closing on or near its low below the Daily 30EMA. Stop loss should be just above the previous high. 💡 Trade Idea 💡 Short Entry: $14.20 🟥 Stop Loss: $17.90 ✅ Take Profit: $10.50 ⚖️ Risk/Reward Ratio: 1:1 🔑 Key Takeaways 🔑 1. Potential Triple Top Reversal. 2. Doji candle just below Resistance Zone. 3. Look for Bear Candle Confirmation Below 30EMA. 4. Use Low Position Size, 1:1 Risk/Reward Scalp. 5. RSI at 51.00 and above the Moving Average. Indecision. 💰 Trading Tip 💰 There is over a 60% chance of a measured move after the breakout of a major resistance, normally, a trading range. That means the distance from the trading range resistance to the top of the breakout will happen again above the top of the breakout. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
Short
by TraderEngineering
4
LINK → Moon or Doom? This Analysis Provides Some Clear Answers.Chainlink slammed into the Resistance Zone after a beautifully executed measured move up. We're now in a minor pullback hovering just below resistance. Should we enter a trade here? How do we trade this? This is not the right moment to enter a trade. The price action screams bullish; A measured move up, showing support on the 30EMA, RSI around 50.00 with plenty of room to go up. But we're right at the resistance zone and without a clear signal that we're going to break out, it's too risky to long. Likewise, we don't have a sell signal or any price action indicating that we're going to reverse. Bitcoin as a leading indicator is struggling to break its Weekly Resistance which could impact Chainlink's price action. Until we have a clear signal either way, we should remain on the sidelines. Here are a couple of potential trade ideas if the price breaks in either direction. Trade Ideas Long Entry : $19.12 Stop Loss: $16.92 Take Profit: $23.53 Risk/Reward Ratio: 1:2 Short Entry : $12.90 Stop Loss: $15.10 Take Profit: $8.49 Risk/Reward Ratio: 1:2 Key Takeaways 1. Measured Move Complete. Pullback in Progress. 2. Price near Resistance Zone. Wait for More Price Action. 3. Short Setup, Wait for Bear Signal Bar and Confirmation. 4. Long Setup, Wait for Break of Resistance Zone. 5. RSI near 58.00 and below Moving Average. Bias to Short. You are solely responsible for your trades, trade at your own risk! If you found this analysis helpful, click the Boost button and let us know what you think in the comment section below!
by TraderEngineering
#Chainlink tearing higher, LINK up 15% in 4 WeeksPast Performance of Chainlink Chainlink prices are breaking higher as of April 17. Technically, the token is within a bullish breakout formation, and prices are buoyed by expanding volumes. Notice that the confirmation of the April 14 bullish breakout bar was enough evidence of strength, a net positive for optimistic traders. #Chainlink Technical Analysis The daily chart shows LINK prices are firm, breaking higher with expanding volumes. For now, the April 14 bar anchors the current Bull Run. Support is at the bar's high at $7.6, which also flashes with March 2023 highs. Since the current bull bars are with rising volumes and banding along the upper BB, suggesting strong bullish pressure, traders can load the dips, targeting $8.4, an important reaction line; and later August 2022 highs of $9.3. What to Expect from #LINK? LINK prices are up roughly 15% from April lows, and buyers are confident of what lies ahead. As price action aligns with the formation from mid-March, currently breaking out, bulls appear to be in control. For this reason, traders can look for entries provided prices are above $7.6. Resistance level to watch out for: $8.4 Support level to watch out for: $7.6 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
#Chainlink in a $3 Range, Strong Liquidation Line at $7.6Past Performance of Chainlink Chainlink is in a broad range, trading inside a $3 range with recent highs posted in February. As the token picks up momentum in March, prices are still limited to the upside, trending below $8.2. It will require bulls to push above last week's consolidation and $7.6 for a new trend to emerge. #Chainlink Technical Analysis Chainlink prices are choppy, looking at the daily chart. While buyers are steady, soaking in selling pressure, a substantial, high volume must be close above the current consolidation. In the meantime, resistance is at $7.6, with immediate support at around $7. The leg up from mid-March may help drive prices higher. However, volumes have been decreasing, a concern for buyers. Even so, if there is a breakout, LINK may retest $8.2. Conversely, a dip below support may see the token contract to $6.6 and even $6 if sellers press on. What to Expect From #LINK? LINK prices have been held in tight ranges, mostly consolidating over the past few days. The expansion from December defines the current trend, and LINK must hold above $6 in the medium term for the uptrend to be valid. February highs present a critical resistance line. Resistance level to watch out for: $7.6 Support level to watch out for: $7 Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
#Chainlink Correcting After 40% Surge, Resistance at $7.50Past Performance of Chainlink Chainlink prices are solid when writing, looking at the daily chart. In January, LINK prices soared roughly 40 percent, finding intense liquidation at around $7.50. For the uptrend to take shape, buyers should force the coin above this week's highs, reversing losses of January 30, ideally with expanding volumes. #Chainlink Technical Analysis Chainlink is technically bullish at spot rates. Despite the correction of January 30, the bearish engulfing bar had relatively light trading volumes, a net positive for prices. The failure of bears on January 31 to further force prices lower might indicate support, validating the uptrend. Even so, there could be more opportunity for buyers should there be gains above $7.45, nullifying the bear trend following the correction from this week's highs. Suppose LINK holds above $6.23 and $6.57 support levels. In that case, buyers might find an opportunity to accumulate, aiming for $7.50 and later $9.4 in a buy trend continuation pattern. What to Expect from #LINK? Buyers are confident, but the dip on Monday somewhat forced liquidation from weak hands. In the days ahead, buyers must overcome immediate resistance levels and hold prices above crucial support lines for the uptrend to remain valid. Resistance level to watch out for: $7.50 Support level to watch out for: $6.57 Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
#Chainlink Recovers but LINK Must Clear $7Past Performance of Chainlink Chainlink prices are mixed when writing. Although they are bullish, there is a bearish engulfing pattern in the daily chart that may spook risk on traders. Nonetheless, LINK is within a bullish formation, with the current retracement possibly representing a retest. Accordingly, aggressive traders can take advantage of buying on dips in anticipation of more upswings. #Chainlink Technical Analysis In November, Chainlink fell 42 percent, and bulls are yet to bounce back from the sell-off. Despite the revival in the first half of January, the path of least resistance remains southwards. This is until LINK prices surge above $7.7 and December highs. Based on the current structure, conservative traders can wait for a breakout above $7 and this week's high, confirming buyers of last week, as a trigger for the next wave toward $7.7. Conversely, any loss pushing the coin below $6.10 and the middle BB will cancel out this bullish preview. What to Expect from #LINK? Traders are upbeat, and the buoyant BTC can lift LINK higher. Still, there must be confirmation in the daily chart. This will only change if losses of January 18 are reversed and the surge above $7 is with expanding volumes. Resistance level to watch out for: $7 Support level to watch out for: $6.10 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
#Chainlink sunk 82% in 2022, LINK is Fragile at $5.3 SupportPast Performance of Chainlink Chainlink is backed by solid fundamentals, considering the significance of the protocol in DeFi and NFTs. However, looking at price charts, LINK has not been spared. The token dropped 82 percent from 2021 peaks and remains within a bear breakout formation at spot rates. Unless there are sharp expansions above $8, sellers are in control in the medium to long term. #Chainlink Technical Analysis LINK is higher, gaining four percent from December 2022 lows. Even so, the path of least resistance is southwards as long as the token is below $6.10, a critical reaction level. Aggressive traders can look at trading volumes to unload on every high below $6.10. This forecast is valid from an effort-versus-result perspective. All the same, this preview will be more precise if there are losses below $5.3. In that case, especially if the sell-off in continuation of the December drop is with high trading volumes, LINK may slip to print a new multi-month low below June 2022 lows. What to Expect from #LINK? LINK is under significant selling pressure, clear in the daily chart. The drawdown could continue if LINK fails to bounce from spot rates, edging past $6.10 in the near term. Any other development forcing the token lower may cause even more pain for holders, an opportunity for short traders. Resistance level to watch out for: $6.10 Support level to watch out for: $5.3 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
#Chainlink Surges 36%, will LINK Break Above $8?Past Performance of Chainlink Chainlink buyers have been active in the past few trading days. Even after losses of early November, LINK is higher in relative terms, adding an impressive 36 percent from November 2022 lows. Even so, LINK remains within a bear breakout formation, looking at the candlestick arrangements in the daily chart. #Chainlink Technical Analysis Buyers are confident and expect more gains in the short term. Even though LINK buyers have the upper hand, the path of least resistance is southwards. Clear in the daily chart, LINK is within a bear breakout formation. Besides, the November 8 and 9 bearish engulfing bars still define the recent price construction. Therefore, sellers have the upper hand from an effort versus results perspective. Solidifying this outlook is that recent gains have been with lighter trading volumes—compared to November 8 and 9. As such, sellers are in control unless LINK clears $8, the November 8 high. This means every high could be a liquidation opportunity for traders targeting $5.5. What to Expect from #LINK? LINK buyers are confident. Despite gains, there must be a complete reversal of November 8 losses. Once there are gains above $8, LINK will highly likely float back to November's peaks at $9.5. Resistance level to watch out for: $8 Support level to watch out for: $5.5 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
1
#Chainlink is up 20% in 5 months, will LINK drop below $5.5?Past Performance of Chainlink Chainlink prices have been edging higher after losses of June 2022. As an illustration, the token is up 20 percent from June 202 lows at press time. Despite the confidence, sellers have been resilient and unwinding all attempts of higher highs, per the development in the daily chart. In the days ahead, how prices react, especially at $5.5, would shape the medium to long-term trajectory of LINK. #Chainlink Technical Analysis There are attempts at higher highs in the LINKUSDT price action, visible in the daily chart. At spot rates, LINK prices are steady and within the November 9 bear candlestick. Overall, LINK is within a bear breakout formation, slumping below the multi-week trend line connecting monthly lows from June through to October 2022. The November 8 and 9 bull bars are also engulfing, cementing the preview of sellers. Per the candlestick arrangement in the daily chart, sellers can double down, targeting $5.5 whenever there are weak attempts to retest November 9 highs at $7.8. Buyers will only be in control if there are sharp, high-volume gains above $7.3 and, ideally, $9.3. If not, losses below the current consolidation at $5.5 may see LINK drop to $4.5, even lower. What to Expect from #LINK? LINK bears are in control, taking charge from an effort versus result perspective. The immediate resistance line is $7.3, while the support is $5.5. As bars band along the lower BB, Chainlink might likely register new 2022 lows. Resistance level to watch out for: $7.3 Support Level to watch out for: $5.5 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
#Chainlink Drops 22%, Triple Tops Forms Past Performance of Chainlink Chainlink is down 22 percent from this week's highs as bears wreak havoc. Technically, there is a bearish engulfing bar with high trading volumes pointing to participation and, mostly, the exit of liquidity. As it is, LINK traders can search for entries to dump the token, expecting further losses toward 2022 lows in the short to medium term. #Chainlink Technical Analysis There is a triple top formation in the daily chart. Notably, the November 8 bar is with high volumes and wide-ranging, rejecting gains above Q3 2022 highs at around $9.5. Therefore, since the trend has been developed and fundamental factors support sellers, because fear grips the market, aggressive traders can look to unload with targets at $6.2 and later $5.2—2022 lows as they realign with the primary trend. This was established in H1 2022. Presently, losses that push LINK to print new 2022 lows will be in continuation with early this year's losses. What to Expect from #LINK? Traders are apprehensive and looking for safety. Subsequently, most, as the chart shows, are dumping the coin, contributing to the sell-off. As long as LINK is below $9.5, the token might drop to new 2022 lows. Resistance level to watch out for: $9.5 Support level to watch out for: $6.2 Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
1
#Chainlink in a Bear Flag, LINK Dumps 5% from $8.2Past Performance of Chainlink Chainlink is up roughly 35 percent from 2022 highs, but the token is within a rising wedge, a bear flag, and down five percent on the last trading day. From the performance in the daily chart, LINK bears are in charge. This preview would, however, shift if LINK breaks above $8.2 with expanding trading volumes pointing to changing sentiment. #Chainlink Technical Analysis The primary trend, from a top-down analysis, is southwards. From this angle, the main resistance line is at $9.5, marking August 2022 highs. LINK prices are currently under pressure, dropping five percent on the last trading day. Still, LINK is within the ascending wedge, and there are increasing risks of further liquidations. Losses below $6.6 would favor sellers, and LINK could sink to $6.1, below the support trend line in a bear breakout formation. If Chainlink is to bottom-up and bulls unshackle themselves from sellers, there must be a decisive break, first above $8.2 and later $9.5. In both instances, participation should be high. What to Expect from #LINK? Traders are cautious despite LINK outperforming Bitcoin in the past few trading weeks. Overall, LINK is in a bear flag with clear caps at $8.2 and $6.6 on the lower end. As the token yields to bears, traders can wait for clean breakouts in a welcomed shift of trend (though odds are low) or bear trend continuation towards critical support levels of Q3 2022. Resistance level to watch out for: $8.2 Support level to watch out for: $6.6 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
#Chainlink Prices up 48% in 3 Months, LINK Bulls Target $9.5Past Performance of Chainlink Chainlink prices are inching higher and are relatively resilient versus BTC and ETH. If anything, LINK buyers have had the upper hand over the past three months despite the bearish status of crypto assets in the past ten months. Technically, LINKUSDT is broadly within a bear flag, with the primary resistances at $8.2 and $9.5. #Chainlink Technical Analysis LINK is up roughly 48 percent from 2022 lows, trending inside a bear flag. As Chainlink bulls press on, the immediate support is at last week's lows at $6.6. Conservative traders can wait for a clean breakout above $8.2 before loading the dips, targeting $9.5 as LINK turns the corner, bottoming up. This will be highly likely considering the strong surge of early Asian session that not only quashed bear attempts of September 26 but also forced the coin to this week's highs. On the flip side, if Chainlink bears flow back, forcing the coin below $7, the uptrend will be nullified. In that case, the odds of LINK syncing with the primary bearish trend will also be elevated. What to Expect from #LINK? Buyers are optimistic, but LINK prices must first clear immediate liquidation levels if there should be confirmation of the uptrend. For now, Chainlink bulls stand a chance if prices are held above $7 and $6.1. Meanwhile, if buyers succeed, prices could float to $9.5 as bulls finally shake off sellers. Resistance level to watch out for: $8.2 Support level to watch out for: $7 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
Chainlink up 20% from 2022 lows, LINK Breaks out Past Performance of Chainlink Chainlink prices are steady at spot rates, firm, like the rest of the cryptocurrency markets, and up 20 percent from 2022 lows. After plunging 88 percent from May 2021 highs, there are flickers of hope for bulls. Thus far, LINK is stable on the last trading day and breaking out from the bear flag. However, the resilience of bulls will be demonstrated once there is clear thrust above July 16 highs, ideally with expanding trading volumes to signal participation. #Chainlink Technical Analysis From the daily chart, there are encouraging higher highs. With increasing trading volumes, the recovery from $5.5, a multi-week support level, could be the anchor propelling LINK to June 2022 highs in the near term. Thus far, Chainlink is trending above the bear flag following the breakout of July 16. The failure of bulls to follow through on July 17 may present an opportunity for aggressive buyers to double down on every dip today. This bullish preview is valid provided prices are ideally held above $6 and $5.7—or last week's lows. Meanwhile, a firm close above $6.8 may trigger more participants into action, lifting LINK towards $7.5 and later $9.5. What to Expect from #LINK? Buyers are confident, but there must be more confirmation of the end of last week's gains for the upside to take shape. Currently, traders should watch out for how prices will react at immediate liquidation levels at $6.8. Resistance level to watch out for: $6.8 Support level to watch out for: $6 Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer