(CHAINLINK) The market dunce with enormous potential.. Hello everyone !
Today H₿ Capital is analyzing LINK based on a « 2 Weeks » chart 📈
What we can see :
LINK has been one of the worst player during the last 12 months regarding its performance….. Worse than some Stock assets too… Very very disappointing for Hodlers (like me). By the way, LINK is one of the strongest fundamentals token in the market right now.
You cannot ignore the following : CCIP + Staking to be released this year + Eric Shmidt who joined the Chainlink foundation as an Advisor (ex CEO of Google 2001-2011).
Technically:
- LINK is progressing into a descending triangle (trend continuation pattern)
- It seems that we are actually in a « flat » ABC correction (to be confirmed soon with the 2 weeks candle ended this week , which could print on the chart a nice double bottom figure)
- Our white trend line act as a support for prices and this one must hold…
What we can expect :
- If prices failed to hold the white trend line + break the triangle support line (where prices are right now) we can expect Link to reach the 8$ area……..
- If prices manage to hold our white trend line + break the triangle with conviction, we can expect the following :
Triangle Breakout :
Target 1 = Distance between the mouth of the triangle added to te breakout
Target 2 = 100% extension of the first impulse move
Triangle Pullback :
Target 1 = Distance between the mouth of the triangle added to the pullback
Target 2 = 100% extension of the first impulse move
Trend-based Fib extension :
1.618 = 86$
2.618 = 131$
3.618 = 176$
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Chainlinkusd
ChainLink Update: H&S ConfirmedChainLink just broke the most important support level at $16 and now the price is heading to the next support levels. The target projection of the main head and shoulders pattern is around $4 but before that we have some initial supports to hold the price at $10 and $5
ANOTHER DROP FOR CHAINLINK POSSIBLY INCOMING Chainlink massive drop testing June/July support levels. Possible bottom 15-13 dollars inevitable.then a quick 2nd retest/confirmation. Then sky's the limit after the holiday's.
Good set-up on ChainLink Crypto Hello Traders,
I been viewing it in last couple of days and hoping for a good set-up, well it is happening. A wonderful set-up with RR (Risk-Return) of 2x or more.
Price Action in Daily candle sticks chart tells-us that ChainLink has secured a support at 18.20ish and it is ready to rise above 30 level in 60 days.
Strategy = Long Position
Duration = 60 days
Entry = Spot (current rate) or anywhere between 18.50 and 22. Use averaging method.
StopLoss = 16.5ish, it should not touch this level because you will notice strong upwards push when prices get close to 18ish levels.
Target = 30 and above.
In coming days you will see price struggle between buyers and sellers at 23 levels but once it is broken there is not stopping back till it hits 30 and above.
Remember to use risk management. Use 1%, 2%, or 3% of total Capital to place trade.
Happy trading
Disclaimer: Above idea is based on my thoughts and not a recommendation or advise to buy/sell. I strongly recommend you to abide by risk management policy laid down by your country's' regulatory board.
Link 3D One of the few alts that is growing right nowThe last time we did a LINKUSDT forecast idea was six months ago.
Since then, the price has twice tested the level of $34.
Today, despite corrections and BTCUSDT pair's update of lows , the price of LINKUSD is headed up.
Soon the level of $34 will meet us again from above.
Then the last correction to the area of $23-25 is possible before the subsequent break up. This is where the dynamic support channel passes, which has already kept the price from a catastrophic downfall three times already.
After a strong fixation of the LINKUSDT price above $34, the way will open for the next growth target to $53.
If this trading pair is interesting for you, write about it in comments under the idea, and also write your opinions about the future price of Chainlink token
See your interest in the LINK coin, so we will update our thoughts on this trading pair more often.
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Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
LINK - holding nicely despite fear on the marketThe current Coin Market Cap ranking is #17, with a live market cap of $12 billion USD.
Despite recent dump, fear etc. on the market LINK is holing well. My chart setup is practically untouched for months now.
W support is clearly great buy area, and current resistance in correlation with BTC dump is too strong in short time period.
In my bearish outcome LINK could retrace to W support level ( approx. 30% down form current price) and if BTC dumps even more it may happen.
LINK is one of my longest holding and despite small ROI in crypto space I'm not planning to sell it any time soon.
On picture in comment you can see LINK Circulating Supply chart which finally shows that new coin inflow is paused (from team probably).
In bullish outcome I expect LINK to breakout upper trendline during February.
Chainlink forming head and shoulders pattern then reaching ATHChainlink forming a head and shoulders pattern testing resistance a few times and is projected to hit $22-$23 before retracing back down to $15 area. At which point things look like we are going for new ATH .
LINKUSD Bullish IndicatorsLINK is showing bullish signs on the TSI indicator,
It has reached a point that previously was also the low point, it climbed back up from there
The opening of the 50,100,200 day MA is very bullish, Price when this MA formation is active loves to stay above the 50MA and just cruise upwards
Good Buy - Long
Identifying Similar Structures LINKUSDTwo common structures green box, and white box
The structures are common due to there repeated nature
The last transition from green to white was quite bullish, we will see how it will play out after point (4) is finished consolidating at a support
These similar structures also are portrayed on the indicator provided
Chainlink to $29 $LINK We see two nice patterns taking great shape here.
1. We see a beautiful descending wedge with a clean break out and support tested.
2. A perfect Adam & Eve patten, which seems to be playing out well
We see a breakout target as high as $29.63 ~ which is a 57.58% gain from the break out. We have seen Chainlink do this in the past, consistently going into the new year, thats not saying it will happen buts its very possible.
Im looking for key support to hold at the $23.00 mark as well as $22.24 (the wide rectangle in red/orange
If we break $27 ~ we will want to test this support before heading upwards to $29
($27 is a key level we need to flip to support)
The smaller green and blue boxes are simply my latest buys.
If you look long term, we are at the bottom of the Channel as should see upwards movement in Q1, historically speaking.
We should see the 50 cross the 200 EMA - this should confirm the upwards momentum.
Things to watch: a consistent upwards movement, that is supported by test support.. we want to see an upwards staircase, not an elevator. ;)
(LINK) ChainLink on the road to 200$ ? Hello everyone !
Today we analyze ChainLink (LINK) based on a Two Weeks chart 📈
What we can see :
- Prices evolve inside a parallel channel since April 2019.
- Right now, prices took support on the lower channel level + white trend line.
- Prices are still under the black downtrend line
- There is a bullish div on the RSI
* Eric Schmidt recently joined the ChainLink foundation as an advisor (Very bullish)
What we can expect :
If prices manage to break the downtrend line + the 33/38$ resistance area, there will be a huge W pattern that could send Chainlink to the upper channel level. In addition, by using the trend-based Fib extension, we can identify potential final targets for Chainlink
Main resistances : Downtrend line + Cluster 33/38 $
Support 1 : White uptrend line
Support 2 : Lower channel level
TP1 : 85 $
TP2 : 131 $
TP3 : 175 $
TP4 : 220 $
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