Chainlinkusd
But what about Chainlink?Sometime in the next 20 days Chainlink will have its big move and start its final leg up to 200 dollars, right now price is coming in a squeeze ,its hard to see if your not looking at it using Gann Fan but its there price needs to pop in a direction and my call is we going up sometime mid November.
This trendlline has been holding chainlink up for 105 days but not only that this trend line connects with a massive multi year macro trend line for chainlink take a look :
ibb.co
Rewards far out way the risks with Chainlink.
LINKUSDT downward trend is over, Nov 2Chainlink downward trend is over
It's better to buy after it breaks $32 static resistance level if you want to.
A pullback might happen or might not anyway I expect it another Higher High to happen.
There are three resistances on the way, $52 level is the most important one.
#LINK Chainlink 1M LOG - Follow the trendChainlink on a 1M LOG Chart showing the high and low on Jan 1 2022 assumption.
Circled areas are the touches of the Equilibrium on the Parallel Channel.
What are your thoughts? Comment below and hit the like please. Thank you!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
LINK Price Could Sink To $20.50 If Chainlink Hits Range High AT
LINK price prediction is bullish for the short-term.
Chainlink risks a massive drop if a crucial technical pattern plays out.
Chainlink is trading at $30.14 with a bullish bias on most crypto exchanges after rising approximately 3% over the last 24 hours. LINK price is up 8.85% over the last seven days and over 36% over the last one month. The oracle token has rallied 117% year-to-date.
Can The Upward Trend Continue For LINK Price?
Chainlink has rallied approximately 54% from a low of around $22.50 on October 12 to hit a high of about $34.70 on October 26. This rally has spelt out an ascending parallel channel chart pattern on the daily pattern which suggests that LINK price could rise to tag the September 06 range high above $36.4 as indicated in past analyses.
However, before reaching this target, Chainlink bulls must ensure that LINK closes the day above the immediate resistance at $32.10 embraced by the middle boundary of the prevailing chart pattern.
The sharp movement of the Relative Strength Index (RSI) towards the overbought region, and the position of the Moving Average Convergence Divergence (MACD) indictor above the zero line in the positive region add credence to this optimistic outlook.
Investors should, however, be careful as the current rally of the LINK price could be a bull trap that could manifest after the asset tags the range high above $36. This may trigger the formation of double-top chart pattern, a significantly bearish chart pattern that could see Chainlink price drop massively towards the lower boundary of the rising channel around $20.50.
On the positive side, technical indicators on the daily chart show that LINK might not drop that much as it might find robust support around the $29.081 and $28.99 zones. Further down, Chainlink sits on strong support provided by the 200-, 50- and 100-day Simple Moving Averages (SMAs) at $27.39, $26.93, and $26.03 respectively.
In a nutshell, LINK price may continue to rally but investors should be on the lookout whether the double-top pattern plays out or not.
LINK is Super Bullish! (Ready to recover)After a long drop from $52 to $13 a few months ago, LINK's recovery is finally looking promising as it begins to ascend within the upward channel. Expect LINK to have micro pull-backs as it marks up, but I believe we can expect it to mark up in the short term and over the next coming months. This is not trading advice and yes I do HODL Link.
Please do not risk what you can't afford to lose. Happy trading!
Chainlink Swing Trade Along MacBy identifying swing highs and swing lows, we can identify the appropriate targets.
Chainlink has targets at:
- $36
- $44
- $53
Using these targets and identifying the levels of support and resistance in conjunction, we can identify accumulation zones.
Chainlink accumulation this cycle assuming bullish top:
- $24 - $31.5
Currently, Chainlink is above the accumulation zone, but still under Target 1 and I believe a solid position to buy if below $35, just not a maximized gain.
Chainlink is in a great position right now to surpass target one and make a run to test target 2. The MACD has crossed paths along with neutral buying accumulation in midway, so looking back in history we could be expecting bullish momentum until another cross along the accumulation peak or MACD.
Best case scenario:
- hits target 2 and target 1 becomes support in preparation for the final top of the bull cycle
- sky is the limit by then
Worst case scenario:
- rests in accumulation zone
Be wary of:
- Bitcoin swings
- Panic and emotion selling
Note:
- Chainlink is the turtle, not the bunny
- Slow and steady wins the race...!
Chainlink analysisChainlink price could create one of the most sought-after bullish entry setups in Point and Figure analysis: the Bullish Catapult. However, buyers must keep Chainlink above a certain price threshold, or the pattern will be invalidated
Chainlink price has been hovering below a crucial resistance level at $28.20 for the past two weeks.
A decisive close above this barrier will likely propel LINK up by 55% to $41
CHAINLINK ROAD TO 150$ , IF HISTORY REPEATS ITSELF!Road to 150$
the 1st wave of chainlink was from bottom low @0.20 before making new higher highs to @5.00 , ( it took 182 days for the 1st wave to happen )
the 2nd wave of chainlink was from bottom low @1.52 before making new higher highs to @20.00 , ( it took 153 days for the 2nd wave to happen)
the 3rd wave of chainlink was from bottom low @8.50 before making new higher highs to @50.00 . ( it took 182 days for the 3rd wave to happen)
If history repeats ..
the 4th wave of chainlink should be the bottom low of @13.50 to making higher highs to @150.00. ( it should take 153days or 184days for the 4th wave to happen which means January 1st , 2022 )
Upside-down mirror tool used
Chainlink symmetrical triangle, 200MAChainlink formed a symmetrical triangle and and still below 200MA, similar to VeChain. Link currently testing the support line and hopefully successfully bounces off the support line. Then I hope for a successful breakout in the next few days. If Chainlink successfully breaks through the symmetrical triangle and 200MA it will be a very bullish sign.
Link Looking for a Breakout!!Chainlink has been starting to push up once again off of our lows at almost 21$(USD) we are seeing a strong push upwards within a bullish triangle and we are seeing a strong hold on our bottom support of this triangle. Slightly above the top side of the bullish triangle we have been getting rejected off of the pivot point, we have had a total of 10 wicks and touches on this level and hopefully we can see some volume soon and see a final push above here. Regaining the pivot point is absolutely key for LINK like in the name it is a reversal point where we would likely see a nice rally off of, I think this outcome is pretty likely and due to the fact that we are currently in a bullish triangle which historically plays out to the upside so if we do see a break to the upside it could be an explosive one! Now keep in mind with BTC dominance still rising Bitcoin could ruin the party once again for the altcoins so that is always something to keep a close eye on! Looking at the bollinger bands we are sitting directly ontop of the midline which is currently support, and we definitely want to see a hold above here for daily close tonight and keep this level as support, the last thing we need is heavy resistance just above the bottom of the triangle. Checking out the RSI we are currently right on the midline and we are looking for a bounce here, we want to stay above this level not just because it keeps support but being above the midline confirms we are in or staying in an uptrend. If by chance we do break below here we have uptrend support coming from previous bottoms and there is a high chance we would see a nice bounce off of here, likely sending us back above the midline to hold onto this uptrend! Like i said before we always have to be mindful of BTC and what Bitcoin is doing because as you guys know if BTC takes a little fall the rest of the market for a majority follows, same thing if we see BTC dominance push higher we could also see the altcoins bleed a bit, but if we see BTC.D fall we can expect altcoins to start to breakout! Not financial advice just my opinion!!
LINK ready Link is looking good, ready to take off. Good iHnS printed on the daily timeframe. Target 36.30 by the end of October. SL at 23. It is now trading above the 50 day VWMA. However, we may see a retest of the broken neckline at 26, which would be a great buy opportunity. We have just printed a minor wave 1 and now into the minor wave 3 which will explode soon to reach 36.30. We have also printed a small iHnS on the 4h which will push link to 31 soon.
The final target of the minor wave's cycle is 41 dollars. However, i expect link to reach 95 by the beginning of December and 295 by middle January.
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(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$)
Take Profit 3 : Fib Level 3.618 (178$)
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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.