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
Chainlinkusdt
LINKUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the 4-hour time frame. As you can see the price was able to break its resistance line which is now the support line S2 and now is inside a fairly bullish channel. There is the R1 line which the price hit and could not break it. There is also the support line S1 which the price has hit several times and was supported. We expect the price to be supported once more here and then go back up. But if there is not enough support and the selling pressure is high, we expect the price to fall to the S2 line step by step and then reverse and go back up.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
(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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MAY THE CRYPTO BE WITH YOU GUYS (D.Y.O.R)
Critical Situation on ChainLink ChartThe Crypto market is now suffering from an intense drop since Bitcoin fell down below 52K level. And now a huge Head and Shoulders pattern formed on the ChainLink weekly chart. The bullish and bearish scenarios depend on the very important key level at $15 - $16. If this support level breaks down the next important level to test will be around $10.6 and in case of losing this level the H&S pattern will be confirmed and the pattern projection will be around $3.9. In another bullish scenario, the first key level at $15 - $16 will be held and the price will bounce at this level so we can expect to test the two important resistances ahead in order to achieve higher targets at $76 and $110.
Linkiesavoid the stink trap this time, kapiche?
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LINKUSD Head and Shoulders ScenarioA bearish scenario for LINKUSD, identifying the head and shoulders pattern that can be drawn on this chart.
The bars pattern placed is very speculative
Long term I really think LINKUSD will increase. This is more of a short term scenario.
This is the opposing scenario, in which LINKUSD recovers easily
Both share a common uptrend. The trendline up is the point of interest in both posts.
LINK - when you plan to explode?Chainlink is current No. 15 coin by market cap (around 15 bil. $). For comparison: DOGE 35 bil.; XRP 55 bil.; ADA 67 bil. $
Everyone knows how strong LINK is and I don't see any scenario where it will stay on 15 billion $ M. Cap! It is just so dam low.
Another great simple indicator for crypto I love is YTD % on Coin Market Cap. LINK is at 180% while BNB is 1600%, SOL is 12615%, LUNA is 7645% etc. up to today.
Now if we get back to chart:
main resistance is around 35.5$, and once it's conquered I expect 50+$ region in no time.
For short term situation I will monitor 21 D MA (black line) and in case of dump, my orders are ready around 200 D MA (and anchored VWAP - blue line) around 27$.
When it come to targets, I will start slowly decrease my position above 70$ region, while main target is pure guess right now and I will put it at 3.618 fib. extension around 160$ (365% gain).
If you like analysis please consider leave a like or comment! Thanks :)
Huge Opportunity on LINK 🚀We are creating higher lows very very nicely for more than a month, Massive Bullish Setup.
There is a major resistance at $36 on Chainlink, if we managed to break it successfully you must enter in a long as we will be hitting ATH from here.
The projected move from the breakout would be around 57 and if we break ATH then the parabolic movement won't stop at all.
Going to New ATH For Chainlink ...Link :: A future token with a fantastic ecosystem in the digital currency market ::
1 - ichimoku cloud support
2 - head and shoulder
3 - up trend channel
4 - breaking resistance
5 - and go to new ath ...
* this is a my idea ... no a signal for sale ...
PLEASE FOLLOW ME ...
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 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 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