Chainlink - is going to break through this channel 😧😧The chain has been moving locally in an uptrend channel for a fortnight. At the same time, bitcoin has already broken through the uptrend structure a couple of days ago and is moving downwards. Generally, all altcoins correlate with bitcoin, sometimes with a delay, but in the end, 90% follow the main cryptocurrency.
In addition, we see the highs decrease and the price shrinks near the lower boundary, which is a signal for a breakdown and a fall.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Chainlinkusd
[UPDATE LINK] CHAINLINK 130-180$ for the last wave. 100% !!!WIth this analysis I applied:
1) ELLIOT WAVES
2) Fibonacci trendline extension
3) Lengthening theory
Why am I sure Link is going to go up (together with other strong tokens)? For the following 3 reasons:
1) BOLLINGER BANDS: Bollinger band indicator on the weekly flashed green
2) BULLBEAR TREND: Bullbear trend is still strong and will flash BUY soon
3) TRACK RECORDS: LNK has dropped 80% in this wave and in the past ones.
My prediction price is between 130$ and 180$ for mid 2022.
Chainlink - what will be next? 🧨🧨Over the past few weeks, the consolidation on the bitcoin chart and many altcoins has narrowed further. Link is now trading in a range of $20 to $16. The price is now near the lower boundary, if this boundary does not hold, a drop to $13 is possible. A squeeze, breakout, and resistance test is a good selling opportunity.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Chain link Falling Wedge Idea within a formidable channelWe can see that chain link has been inside of a rising channel from the beginning of it being listed. This being the solid asset it is, it reminds me of the movements the SPY or DJI mimic on the charts.
As we can see in this chart, not only has Link broken out of the falling wedge but, is also at the bottom of the multi year channel. I have listed the trade set up prices on the chart so we may be able to easily see them. I do see this coin going higher and touching the top of the channel or possibly breaking the top once the euphoria kicks back in however, we need to assure Bitcoin stays far out of the “fackery zone” with the obvious manipulations that has ascended upon us.
Have a green week folks!
Chainlink vs USD and ETH - BUY #linkmarinesI will wait to see if the LINK/ETH will confirm the support area here, and to assure myself that we are not starting a H&S formation next (witch I hope we will not) and I will exchange 15 to 25% of my ETH to Chaninlink. In the bigger picture on 2W time frame I noticed a buy signal coming next on MACD indicator, and also, a second touch of RSI to oversold area, witch I think next we will bring us back up. (I'm referring to Chainlink/ETH pair here).
About the left picture, I believe the LINK/USD pair has in the 11 to 15 a strong buy and BUY zones. My personal opinion is that we shall see till march 2022 new ATHs as showed in the drawn chanells.
This is not a financial advise!
Take care of yur hard made money guys!
CHEERS!
Chainlink - big wedge, huge possibilities 🧨🧨A wedge structure has formed on the ChainLink chart, the price has broken through it and is now trading along the upper boundary. I expect that Link can correct even lower, collect liquidity to buy in the area marked below, and already from there to go up!
Write in the comments all your questions and instrument analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Chainlink, A force to be reckonedChainlink is one of the assets in crypto that shows strength.
Check the weekly chart and you'll see that the RSI has only broken below 40 once and that is in the most bearish period of the 2018 Crypto winter.
With that being said, LINK is currently trading below the EMA ribbon on the weekly. A choppy ride for days and weeks is only logical at this point, knowing that there's also a broadening rising channel that would most likely break to the downside.
Is that a bad thing though?
Not necessarily. Another dump will give you the opportunity to get some cheap Link sub $14. ($13.3 would be my buy orders target)
If we do however break above the RIBBON, we will likely be going near ATH in the mid-term.
STAY TUNED for LINK updates!
PEACE! and happy 4th of JULY!
CHAINLINK BOUNCING OFF CHANNEL SUPPORT, RETEST CHANNEL TOP @$20?CHAINLINK (LINKUSDT) is bouncing off of channel trendline support. This is the first test of the trendline support. If price reacts similarly to how price reacted when it tested channel trendline resistance, then price might go up to trendline resistance at $20. If price breaks trendline support @ $17, then price can quickly fall down to horizontal support @ $15.
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LINK is out and ready for riseLink in USDT pair 4 hour chart shows promising break out of descending triangle and may be ready to gain. MACD produced desirable entry signal while STOCH is a bit about pulling back to trendline, although the lower boundary of Ichimoku cloud may work as support and hold the price. With a stable market Chainlink may experience the lower high at 0.236 FIBO (23.048 usdt) easily.
Trade Safe ...
Chainlink Expansion Move AnalysisWould really like Chianlink to play out this way. Goes up a couple 100 - 1000% and then pulls back 67% which it has done so after the most recent crash. Been respecting the trendline for a year and a half. Next run to $100 which is a psychological price level, could yield a nice 500% return. But I would wait a bit before getting in, and monitor BTC price action to establish an unbiased bullish sentiment.
ChanLink: The current fight between bulls and bears.ChainLink is trying to break the current trend line, which indicates a relatively strong down trend.
Apart from TL, the current price is reflected in resistance and Fibonacci level 0.382.
On the other hand, when the price falls, the price hits the Pivot Point R1.
At the moment, the fight between bulls and bears is in full swing, without a doubt.
Price action in lower time frames will help us estimate the direction in which the market will move in the coming hours.
💡Don't miss the great buy opportunity in LINKUSD @chainlinkTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (23.00).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LINKUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 60.
Take Profits:
TP1= @ 27.75
TP2= @ 31.25
TP3= @ 34.45
TP4= @ 37.50
TP5= @ 41.15
SL= Break below S2
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💡Don't miss the great buy opportunity in LINKUSD @chainlinkTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (23.00).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LINKUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 60.
Take Profits:
TP1= @ 27.75
TP2= @ 31.25
TP3= @ 34.45
TP4= @ 37.50
TP5= @ 41.15
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️