Get started

Chainlinkusdt

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: ==================================================== 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:
Long
by ssari
2
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... :)
Long
by thedailychartist
1
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.
Long
by moon333
3
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. ============================================================================================================ Daily Chart: With 100 and 200 ema playing a role. We have the Lucid indicator showing downward pressure still. ============================================================================================================ On the BB chart, we have the bottom yet to be tested on the 12 hrly as well as the daily. ============================================================================================================ 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. ============================================================================================================ 4 HRLY chart, bullish div. ============================================================================================================ Please give me a tick or like for this post Regards, S.SAri.
Long
by ssari
4
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.
GEMINI:LINKUSDLong
by contemplatingcrypto
5
LINK.USDT (Y20.P3.E5.v2).Rare Gems.No.1.not there yet** This is a continuation from the previous post, link provided below ** As you can see based on the non log chart, it makes it easier to understand price action here. The trend line is key to this and must hold which its doing, however as per chart, wave 3 to 4 is a complex wave and hence is designed to strip your profits, like we did with 9k to 10.5k with BTC. Hence I'm staying away from further action, I bought in and now wait it out. OBSERVATIONS: ================================== > fib. levels are aligned with price actions support and resistance levels > similar KDJ pattern to the previous wave 1 to 2 and hence will use this as a guide > many levels to break on the upside what looks like a ascending triangle > the ABC correction is complete however gaining momentum will be slow > the trend is good MY THOUGHTS: ================================== I already hold LINK as I bought some at the $12 to $13 dollar mark. I want to buy more but I rather look for charts that are or have moved significantly. Once these coins slow down, eg BTC or ETH, I'll redirect some of the funds to LINK, if LINK is ready. NOTE: BTC dominance is about to have another bounce as it approaches a key level. My guess would be it does another break to the upside (breaking 12k) to reach 12.5k or more. Won't be long so this might explain the ascending triangle taking place for LINK. The DAILY gives a good account to what's going on, from a bullish perspective. I see it bullish based on the indicators as well. What are your thoughts? Please give me a like or tick for this post Regards, S. Sari PREVIOUS POST related to this continuation:
Long
by ssari
3
LINK.USDT (Y20.P3.E5.v2).Getting ready *** This is a continuation of the previous post, link below *** Steady as it goes, still waiting for that BTC to find its support base. 11,050 to 11,150 is the next layer, after that, 10800'ish. As I stated in the past posts, its likely BTC will descend slowly and boringly, ranging until it makes its next move. During that time, its likely the ALTS will continue some upward momentum. Based on the BTC dominance chart, it to is moving sideways. Hence LiNK has found support around the $12 from the $20 time high, so a significant pullback has happened. My theory for now is that this is a re-accumulation point. I do have 2 scenarios, the other is the chart below, based on the LIVERMORE chart structure. One good thing going for LINK is the reveral on the Phoeix indicator however both need to be above 50% before we can feel confident that momentum to the upside is back. Regards, S.Sari Overview: Wave 5 completed, ABC correction in place, now has this completed? The 1 to 15 stages are based on the LIVERMORE chart. LIVERMORE chart alignment Note on the 8 hrly and daily chart, we have the RSI point of bullishness broken. Not a good sign. PREVIOUS POST.
Long
by ssari
2