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Chainlinkusd

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.
COINBASE:LINKUSDLong
by moon333
1
Chainlink on the cusp of a massive rebound Chainlink seeks a formidable anchor at $11 to plan the next recovery mission. The double-bottom pattern on the 4-hour chart hints at a possible rebound to $15. Chainlink is leading the correction in the decentralized finance (DeFi) ecosystem after losing over 10% of its value since Tuesday. The token is trading at $11.7 amid an ongoing retreat. Recovery is possible if LINK confirms the likelihood of a double-bottom pattern forming on the 4-hour chart. Meanwhile, the Relative Strength Index adds credibility to the short term bearish momentum following the dip into the oversold area. A rebound will come will into play if the RSI creates a bullish divergence. This type of divergence forms when the RSI hits a low within the oversold area followed by a series of higher lows. The occurrence of a double-bottom pattern also hints at a tentative recovery from the dip. The pattern comes into the picture when an asset tests the same lower price level twice without breaking it. The price level comes up as a firm buyer congestion zone, thus the weight behind the anticipated rebound. On the upside, resistance is anticipated at $13 (former support). Other levels likely to hinder recovery include the 200 Simple Moving Average, the 50 SMA, and the $100 SMA. The rebound from the double-bottom targets $15, a move that could pull Chainlink into a new bullish phase towards the yearly high at $20. It is worth noting that, LINK will invalidate the uptrend if declines stretched past the expected support at $11 (double-bottom). Massive losses are likely to play out as investors rush to cash out before Chainlink dives under $10. A possibility exists for the price to refresh August’s support at $7.2. Chainlink intraday levels Spot rate: $11.8 Relative change: -0.3 Percentage change: -2 Trend: bearish Volatility: High
BINANCE:LINKUSDLong
by CoinGape
1
Chainlink recovery hampered under $14.5 Chainlink holds above the critical support provided by the 50% Fibo in conjunction with the 100 SMA. LINK/USD could resume the uptrend as long as the price reclaims the position above $14 and holds the 50% Fibo support. Chainlink’s upside recently hit a wall amid the recovery from the Thanksgiving Day crash to $11. Several barriers were pushed into the rearview but LINK failed to sustain gains above the stubborn resistance at $14.5. Meanwhile, it is still difficult to sustain the uptrend, now that the price slipped under $14. Chainlink holds above critical support At the time of writing, the decentralized oracle price feed token is trading at $13.9. Immediately on the downside, the 50% Fibonacci level is providing support. Additionally, the 100 Simple Moving Average on the 4-hour chart, adds credibility to the support. Holding anchor above will cement the bulls’ position in the market while setting up Chainlink for a price action eyeing $18 in the medium term. As mentioned earlier several resistance levels are likely to delay the recovery, including $14.5, $15 as well as $16. On the other hand, trading under the 50% Fibo and the 100 SMA might trigger massive sell orders. If enough volume is created, LINK would be forced to seek balance at the 50 SMA and the 38.2% Fibo. The bearish outlook has been reinforced by the Relative Strength Index after stalling slightly above the midline. In case of extended declines, the 200 SMA is in line to cushion Chainlink from a massive drop. However, last week’s support at $11 would be the last resort before LINK enters into a downtrend with the potential of refreshing levels under $10. Chainlink intraday levels Spot rate: $13.9 Relative change: -0.034 Percentage change: -0.2 Trend: Short-term bearish bias Volatility: Low
BINANCE:LINKUSD
by CoinGape
LINK fakeout got me rektSo as I've said in my previous analysis of LINK I have entered a trade once it broke out of the channel. Breakout ended up being a fakeout, which immediately triggered my SL. I should've waited for confirmation... My mistake and I'll learn from it. Now: LINK is at the bottom of the channel. I have taken a medium size position in LINK with a SL at $11.20, just below the previous wick. Safe trading! ------------------------------------------------------------------------------------------ Please 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!
Long
by Coinathlon
1
LINK.USDT (Y20.P5.E2).Harmonic or H&S?Hi All, Note: This is a continuation of the previous post for link and at the end of this post, I made this update. Now we are continuing off this update. Those who know me, I like to continue off the price action story when its relevant. My Thoughts: ======================================================= > I'm first suggesting like BTC, we are now in a downtrend and should trade that way; > I made a fair bit of effort to look at it from many angles with the following: a) EMA \ RSI weekly and daily perspective; (34 to 50 weekly ema) b) Head and Shoulders scenario; (height of head is used as target) c) Inverted BARR approach; (where the wave started from) d) Channel approach; e) Support and resistance\fib level approach; (double bottom scenario) and macro 0.382 fib level. f) Harmonics From all this, I have concluded for now, this green zone makes sense; You be judge: Note the double bottom fractal. > Here we have the following elements of a, b, c, d, e, and f; We are doing the ABC motive\impulse wave based on cycle theory and wave analysis; > From the HARMONIC perspective, the price can fit into a number of Harmonics so we will have to wait to see what point C is to know or estimate where point D will likely be. We can have the double bottom approach, represented by the ABCD model. > If you look at the macro chart below, one can see the mid line of the channel which acted as strong resistance (5) and hence will be strong support at point (c) which resonates with the level of the double bottom. > Another approach is the inverted barr method and it too has point C of the ABC wave; This also resonates with the weekly support level; > The Weekly chart: bottom ema ribbon = 34 to 50 EMA, acted as support. I think the 21 weekly ema (lime) was tested and we got a bounce already but I see this as point A of the ABC wave and hence will not hold Note the weekly RSI level which gave a consistent continuation trend support level. BEARISH Scenario Please give me a like or tick for this post, Regards, S.SAri
by ssari
2
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
Long
by kjuice24
LINK.USDT (Y20.P5.E1).Macro.Bullish formationHi All, Just putting forward a likely scenario based on a few points. > we hit the 0.618 fib level as resistance; > BTC has likely hit a resistance; hence a pullback is likely and hence for link as well; > If there is a pullback, since BTC is still bullish, link will also; If BTC looks for the daily 21 EMA, it maybe the case for LINK looking for the same, either the daily 21, or 50 EMA. If this was to occur, as per the chart, it will on the macro level, create a cradle on the weekly where we use the larger ema support to go back in. If this was the case, we can anticipate a macro continuation pattern, as we got here, a inverse H and S. It could also be some sort of ascending triangle. Note, the fib levels on this chart and how they correlate with the structure and EMAs. All key ingredients for the next move. These are my thoughts for now, in the planning. Cheers, S.SAri PS. The wedge breakdown will be the trigger.
Long
by ssari
3
LINK/USD at a crossroads. Here Are Our Price Targets to Watch!Here we have a WEEKLY Fib-Retracement chart... Bitcoin's recent run up could spark a LINK rally in the short term. If that is the case and Bitcoin can hold these high levels for a while, LINK could see a swift run up much higher to around $15.50 very soon. If Bitcoin corrects harshly and quickly, our target for LINK is the $10.75 support. If LINK starts closing daily candles below $10.75, we are in for a bigger drop and I see $8.50 being the absolute lowest we go over the next few weeks/months. If this happens, it could be the chance of a lifetime to buy more LINK.
COINBASE:LINKUSD
by FiveDayCrypto