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Chainlinkusd

(CHAINLINK) Growth potential analysisHello everyone ! Today the Black Cat Trader is analyzing LINK on a weekly chart. What we can see : - Using the « trend-based Fib Extension » on the last four impulsive waves, we can see that each ATH tops at minimum into the « 1.618 fib extension » (during the waves 2 and 3, prices top at level « 3.618 ») - Using the pitchfork, we can identify a strong resistance located on the intermediary upper line (white) where prices could top and be rejected if Link continues to rise like it does since 2017. Then we can identify a strong support on the lower line of the PF. - Using Ichimoku system, we can see that prices are into the Kumo (cloud) and down the Tenkan and the Kijun. Note that the lagging span has been stopped by the Kijun (at the moment). This is actually neither a good or bad situation for Link.. Just neutral What we can expect : - If prices manage to leave the Kumo by the upside, and break the Tenkan and Kijun (which are major resistance right now) we can expect prices to reach our target area, represented by the Fib Extensions : « 1.618 to 3.618 » (wait for the lagging span confirmation). - If Link breaks the Kumo by the downside, then we can suppose prices will take support on the lower line of the pitchfork which represents a strong support. Major resistances : Kijun weekly + Intermediary lower line of the Pitchfork Major support : SSB + Lower line of the Pitchfork Take Profit 1 : Fib Level 1.618 (87$) Take Profit 2 : Fib Level 2.618 (133$) Take Profit 3 : Fib Level 3.618 (178$) IF YOU LIKE THIS POST, FEEL FREE TO LEAVE A LIKE AND FOLLOW THE BLACK CAT TRADER MAY THE CRYPTO BE WITH YOU GUYS (D.Y.O.R)
COINBASE:LINKUSDLong
by Hector_Bienvenu
10
CHAINLINKMany are requesting a chainlink chart. Chainlink is approaching a great buy opportunity. It is trading in a bearish pennant, which suggest lower prices are on the way. However, I believe the pattern objective won't be completely exhausted, and link will touch 20 to resume then the bull run with solid momentum. 20 dollars is a strong support area, as it is a crucial lower high from February, flipping of resistance back in July. It is also where the diagonal support is created by linking together the low of waves 2 and 4. It is where the 0,618 retracements of the last rally are sitting, which is also the target for the retracement of wave 1 of the new bull run. It is beautiful. after this last week/10 days of weakness, LINK will climb up to break the descending wedge and reach 35 to complete the continuation inverse HnS. The indicators are starting to look great, with the RSI and Stoch RSI daily approaching the oversold area. The first target then will be 56. However, as a final target for this bull run, I have 297. I hope you understand everything in the chart. If you need any clarification, just comment below.
Long
by CFcryptoTA
4
LINK/USDT SHORT 9% IDEAHello crypto folks! If we not breakout above 29.94$ – 30.61$ its more likely that we see a little retracement. First level to gain as support is arround 28.21$ and this is our first profit target for this short idea. The range for short selling: 29.20$ – 29.80$. This trade is more like a hedge because we have still some longs from 24.50$ and looking for more new fills at 27$ and 26.40$. This level is also our last take profit area for this short idea.
Short
by UnknownUnicorn2089696
LINK - will the drop continue 🤔❓LINK has been in the global range for about a month now. The price is now in the middle of this range near the support level of $24.8. If the Link continues to squeezing this level, the price is likely to break through it and the next target will be the bottom of the global range. 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
by Yuriy_Bishko
4
Chainlink - is going to break through this level😧😧Chainlink, like all other cryptocurrencies, has corrected. It has fallen 20% from its high. The price is now squeezing to the $24.9 level. If Link breaks through this level and tests it as resistance, it would be a good selling opportunity. Only in this case, you should sell, not right now!!! Be careful, there is a lot of uncertainty in the market right now. 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
by Yuriy_Bishko
18
LINK/USDT - midterm investment idea - 130% +Hello, Traders! The LINK price corrected part of the fall from May 10 and stopped near the resistance level of $28.25 An asset with strong fundamentals, an active team, and a strong market maker. Looking for mid-to-long term buying is possible with a correction in two ranges: The first part of the position should be gained in a range of $22.08 - $25.46 The second part of the position must be in the range of $17.33 - $19.70 Stop Loss is to be set when it will go under $15.00 In case of growth it is also possible to fix profit in parts, in the range of $34.00 - $36.35; $44,00 - $46,50; $50,00 - $53,00; The ratio of risk to profit on the current trade above 4.00 👍 P.S This is an educational analysis that shall not be considered a financial advice
Long
by UnknownUnicorn10064030
STOP Chasing (Do This Instead)Okay okay let's see here, it's a common mistake yet I see it all the time. You keep chasing the damn top.. ...why? It's so strange and c'mon dont lie you know you have made that mistake in the past (or today). And yes I'll be honest I have also made this mistake many times in the past but i'm telling you STOP you need to take control of this emotional spasm right now. FOMO, chasing, whatever you want to call it (doesn't really matter) will cause so much distress for you if you keep pushing on that wall. So check out this chart of link. I've put down what I think will happen over the next couple of weeks, will it happen? No idea and I dont care (but that is a story for another time). Again look at the chart, am I chasing the top?... ...or am I entering on a pullback?
FTX:LINKPERPLong
by NinjaTradingServices
1
LINK READY TO EXPLODE!!!Chainlink has been showing tons of strength recently outperforming tons of projects and we have taken out some key levels that we're very needed, before we jump into this always remember BTC is a huge factor when it comes to the rest of the market and can easily void this TA. First looking at the pivot points as you can see we have sliced right through R1 resistance and the 0.3 FIB level, a close above both of these levels would be absolutely key for us and would give a lot of momentum to the bulls. Next looking at the SMA's, we have crossed a very very important level which is the purple 200 day SMA which is the most powerful and slowest mover, a close above here will add to all this bullish momentum and we will no longer have any SMA resistance and they will all be support levels which is key for our overall structure and for cushions when we start to run up hard. Now the bollinger bands are looking super bullish we notice our current price action is hugging the top band and if we see this continue you guys know what the likely outcome is... a huge run up most likely to that 0.5 FIB level, also the higher we push on the bollinger bands the higher our midline support level will become, a very key and ideal situation would be for our midline to come up all the way above the 100 day SMA, 200 day SMA,R1 resistance and finally the 0.3 FIB level, this will be key due to the fact that the bollinger band midline will be another cushion of support for us, and i don't think this is far off because of how grouped together all these key levels are. Overall what im looking for here is a close above the r1 resistance, 200 day SMA and the 0.3 FIB, if all of these confirm close above we are looking extremely bullish, also watching those bollinger bands and the run up on that top band. Not financial advice just my opinion!
COINBASE:LINKUSDLong
by JacobR905
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. 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
by Yuriy_Bishko
15
[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.
BINANCE:LINKUSDLong
by Homocryptus
1
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
by Yuriy_Bishko
11