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 $15.75. With that lower high, is it time to short? How do we trade this? 🤔 We have a potential triple top, a doji (one bar trading range) just under the Resistance...
Chainlink slammed into the Resistance Zone after a beautifully executed measured move up. We're now in a minor pullback hovering just below resistance. Should we enter a trade here? How do we trade this? This is not the right moment to enter a trade. The price action screams bullish; A measured move up, showing support on the 30EMA, RSI around 50.00 with plenty...
- quick analysis on chainlink - overbought on the stochastic RSI - TP3 is what the elliott wave predicts but im not too sure about it as its quite low - other TPs seem more than reasonable
A bearish scenario for LINKUSD, identifying the head and shoulders pattern that can be drawn on this chart. The bars pattern placed is very speculative Long term I really think LINKUSD will increase. This is more of a short term scenario. This is the opposing scenario, in which LINKUSD recovers easily Both share a common uptrend. The trendline up is the...
CHAINLINK is in an ascending channel since early 2021 After reaching a new ATH , LINK got stuck between 2 support and resistance zone (32$ and 24$) There is a possible head and shoulders pattern if approved we will see a retracement move to the bottom of the channel 1st target would be about 26.5$
- Correction back down to $15.00 after a bullish month? Volume is low, lots of previous support building. - RSI is right under the oversold signal, kind of stagnant.
Looks like we are going to see the 'C" from ABC correction If we break the current local support level - sell SL - above the previous high Targets on the chart
Link will break this triangle down side link might be down to $10.3 or we can see sideway actions on link coin
No one goes into the market thinking they should buy at the high and sell at the low. The problem is that at the moment when faced with the ups and downs of the market, it’s hard to resist the urge to do those things. Trading is all about spotting emotional excesses either to the downside or the upside. You want to be on the right side of those emotional...
I think there's a good chance we may be seeing the beginning of a volatile and rapid bearish expansion for $LINK. We can see a high correlation between Chainlink's chart to a typical market bubble / blow-off top - including an almost vertical, aggressive final phase finishing off with a spinning top on the 12H. Looking at the hourly chart, we can see that we've...
Chainlink has ascended to new all-time highs around $17.00 in the push for gains eyeing $20.00. LINK/USD is trading within a rising wedge pattern spells doom with a possibility for breakdown to $15.00. Chainlink is arguably the best performing cryptocurrency in the market this August. It is giving major assets such as Bitcoin, Ethereum and Ripple a run for...
BINANCE:LINKUSDT Can Link continue to resist the drag net of Bitcoin and find new highs even if and as BTC lags?? A long play for me at this point is a break and retest with bullish looking p.a around the boxed area $4.80/$5.00ish Be interesting to watch this weekend, especially if big moves come for BTC...up or down.
So here it finally is my chainlink short box :D Enjoy the ride down after this one!
Respecting the 50% retraction and continuing the uptrend. Possible short-term 'short' and long-term 'long'.
Hi fox hope you are well. Chainlink is one of the coins that I love to trade because this coin always gives very good trading opportunities and forms different harmonic and chart patterns and have very good volatility which makes it favorite among the traders community and especially for me. Bullish Move Upto 211%: On weekly chart after forming a double bottom...
https ://imgur.com/ gallery/ NWoHfMm https: //imgur.com/gallery /95QLy0s (Spaces in betwen both links; delete them in the web browser for access, otherwise TView won't let me post them) FIRST AND FOREMOST....I feel it necessary to explain myself as to why the hell its been almost 2 weeks since I published anything; let me put my (small, but vocal & loyal...
Chainlink has broken down a rising wedge. The decreasing volume (on the bottom of the chart) is confirmation of the successful breakdown. Based on wave analysis, it is possible it may downtrend further. Shorts are not something I trade personally, so this idea is only for the benefit of my followers who do and for those considering adding to Link's technical...