Chainlinkusdt
Link still looks bearish like the rest of the market 🐻It's following the plan rather well 👍
Still in line with previous TA below 👇
Link MID term analysis (Ward method)Overall from what I am seeing in these time frames it does NOT look like we are ready to enter a bullish trend in the mid term time frames. We are likely to trade sideways at best allowing time for the green to come out to the side and get above the white energy and the red RSI to come up above 50. At worst the green line falls with the energy and stays below it with the red RSI turning back down. This would mean downward price action is occurring and will likely continue,
Link NEAR term analysis Ward method For now it looks like we must watch to see whether the green line comes out to the side in the 6h and if the red RSI can close above 50 in the 12h.
Link potentially ready for move up to 11.30 (Ward method)Reasoning is posted in the text bubbles. Note we have to be careful here due to what we see in the higher time frames (2 day)
LINKUSDT consolidating. Next leg to target 13.80?Inside bar forming just above support. A bullish follow through from here should open up next resistance level as target (around that 13.8 area).
Trading diary- Public trade 01- Chainlink trading 01I have finished my very first bot that has a very peculiar strategy. My strategy isn't to maximize profit, but rather minimizing risk. I have backtested it and it has been ready since July or august so I haven't been trading because I didn't have an entry. My strategy is very simple: I long when my bot tells me to long and I exit once it tells to exit. I don't short. Maybe in the future I will work on something, but the idea here is to make as much profit as possible effortlessly.
The idea here is to make a public diary.
I entered the trade around 10.80.
My bot is still under construction, this is just the mvp , I will be improving it on the go.
My target is around 80-100 usd within the next 5-6 months. The trade gets invalidated if we close below 7.36 for at least a month.
On the picture below you can see my guess of what is going to happen. Just a reminder, it is just a GUESS, I don't and I won't trade on guesses, I trade once a few conditions are activated, this is just for entertaining and marketing purposes :)
I, Pepe Giovanna have a dream!
Link analysis using Ward methodFor now I will label this as a long position because it looks like link has more room to run up for the next 24 to 48 hours based on the 1day time frame
Although we must be mindful of the 2 day time frame. This will tell us when we need to get out of our long and flip short. or whether we continue in the long position
Note this is not saying to enter a trade right this minute. Wait for the pullback then go long
LINK.USDT (Y20.P4.E7).What's next?Hi,
*** This is another continuation post (v2) from the previous one, as per my posting methodology where I like to link the trading story where its applicable ***
Link supplied below:
Just before I dig into my thoughts, Peter B gave out this tweet which said:
Charts do NOT predict prices. No form of TA predicts prices.
Charts suggest the path of least resistance
Charts provide a means to determine the risk of a trade
Charts offer help in timing
Charts offer POSSIBILITIES, not probabilities and certainly not certainties
MY THOUGHTS:
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Note: Log on chart is not enabled.
As per chart, we see the following:
a) A possible Wedge breakout or channel breakout;
b) The weekly support line (green band) had confluence with the 0.618 retracement, if I recollect correctly. Refer to my previous posts.
c) For BTC or LINK in this case, to break a major resistance level, being the next fib level as well, it might require a buildup.
As you can see, I have the place 2 fib levels, macro and minor levels. Currently the resistance is at the minor level and my focus.
d) I'm looking for a ABC impulse move or what I think is more likely a Elliot correction wave of ABCDE as a bottom formation, hence a bullish pattern.
This area does lean towards a bottom formation but its yet to be confirmed and its in line with my thoughts on BTC, a ranging price where there is a key resistance (BTC 11400 to 11600).
e) I see the red line most likely scenario, on what little money I have, I will buy that dip, if BTC demonstrates something similar as well.
f) If LINK hold this $10.3 level and accumulates, then the blue arrow path is likely, but if it drops below $10.3, then that black band ($9.6) is likely to be revisited, hence forming another lower high, potentially and agreeing with the thesis of my yellow ascending triangle.
What are your thoughts, bullish on LINK?
Please give me a tick or like for this post.
Regards,
S.SAri
8 HRLY Chart, using the EMA ribbon for confluence with the fib levels to equate support levels.
PREVIOUS POST:
If the daily closes for Link at 10.8 you long it till 13 dollar.Making higher lows and just broke out of a great trendline.
LINK nice entry opportunityPlease 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!
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Link: similar set up to previous dump/rally (ward method)Link looks set up to dump and have another respectable rally soon after
LINKUSDT getting interesting. Here are my levels...I was watching for the market to hit 7.0 but it undershot the price and rallied, which I think is a good sign.
Now we are finding support at 9.0 which was a previous inflection level.
Where to next? If current candle closes near its high (bullish candle), I'd bet we would see at least a small leg up. If buyers got the strength, we should see a re-test of resistance just above 11. A daily close above that would be interesting (to say the least).
Check out the 4HR chart below and see if it doesn't excite the chartist in you... :)
Chainlink (Link) Is Completing Setup For Next RallyHey friends hope you are well and welcome the new update on Chainlink DeFi token.
On the daily time period chart the priceline is moving in a down channel.
The price action of LINK is rejected by the resistance of channel and 100 simple moving average at the same time. The priceline is already moving below the 25, 50 and 100 SMAs and has strong support of 200 SMA at the same level where we have the support of down channel. Therefore there are chances that the price action of Chainlink may take another bullish divergence from the support of channel.
The priceine of Chainlink is completing final leg of bullish BAT and soon it can entere in potential reversal zone.
The targets as per Fibonacci sequence of bullish BAT pattern can be as below:
Potential reversal or buying zone: $7.17 to $5.53
Fibonacci projection or sell zone: $11.10 to $17
Conclusion:
The priceline is rejected by 100 SMA and the resistance of the channel, therefore it can test 200 SMA support and the support of the channel at the same time and complete the bullish BAT. After this bearish move we can witness another rally to the upside. The potential reversal zone of BAT pattern can be used as stop-loss as well.
LINK.USDT (Y20.P4.E6).Next stageHi All,
If you refer to my previous post, I called it part of the Livermore structure and so far its holding true.
This chart now shows another component which is the 3 Drive wave pattern and has 2 targets, 1 being displayed here.
Its a trade no-one should miss especially if its doing point 7 of a Livermore pattern, yet to be confirmed.
Previous posts links are provided below.
Cheers,
S.SAri
LINKUSDT completing final leg of bullish BAT | Upto 207% moveThe priceline of ChainLink is completing the final leg of bullish BAT, the targets as per the Fibonacci sequence of BAT are:
Potential reversal or buying zone: $7.17 to $5.53
Fibonacci projection or sell zone: $11.10 to $17
Regards,
Atif Akbar (moon333)
LINK.USDT (Y20.P4.E4).Stalking.Livermore structureHi All,
I'm sure many of you like me have been stalking LINK for the right entrance for it is a good performer and project to go long with.
Looking at the structure we can see confluence with the 0.618 and support area. It seems like too much of an obvious target, so how do we see this play out?
If we assume many are waiting on this, it might not get there for we have on the 8 hrly and daily, a hidden bullish divergence, a potential bounce at the $10.1 level, current level, chart below.
Some analysts say the $10 will give way, but really it all depends on what BTC does as well.
I noted a bullish divergence on the 4 hrly for a bounce at this level.
Also a potential hidden bullish divergence on the 12 hrly to dailyy
In addition, I'm no expert but this expanding cylinder structure resonates with "Livermore"s speculative chart' on the daily where point 7 is our entry point as well.
If this is correct, this could be huge.
Confirmation will only be later on.
On the daily, the RSI and other indicators support the notion of a timely bounce at this envisioned support level, it might be a quick dip wick to fulfill this.
Now what will make these ALTs go up, a potential drop in BTC dominance to come, which is viable for we have BTC dominance in the MACRO chart headed more south.
Question is when?
I also have BTC dominance for this micro level going up, which can force it for LINK to touch this support area.
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Daily Chart: With 100 and 200 ema playing a role. We have the Lucid indicator showing downward pressure still.
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On the BB chart, we have the bottom yet to be tested on the 12 hrly as well as the daily.
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On the 12 hrly, I'm looking for a bullish candle and\or a cross over of the WT indicator.
Maybe looking for a double bottom for the RSI.
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4 HRLY chart, bullish div.
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Please give me a tick or like for this post
Regards,
S.SAri.
$link still looks bearish to meWe rejected 3 times $13.
I don't see much reasons to be bullish on that as long as we remain under the EMA.
Areas of support are underlined, potential scalp long entries / take profit areas on short.
UMA- Oracle playUMA is another oracle player along with Chainlink and Band.
Oracle is the pick and shovel play in the DeFi race.
Chainlink Just Confirmed Bull RallyAlthough LINK has pulled back up to 50% we have confirmed a S/R Flip and We Expect That This Rally Is Just Starting...
ChainLink is a decentralized oracle network that provides real-world data to smart contracts on the blockchain. ... For smart contracts to craft agreements beyond those that pertain to data found on the blockchain, they require off-chain data in an on-chain format. ChainLink is currently ranked #1 in De-Fi Coins. Definitly a good token to mid-long term hold.
