Chainlinkusdt
Link Looking to rebound after closing daily on 0.2 FIBWe just closed todays candle on/above the 0.2 FIB and are currently sitting above it looking for a bit of a rebound, The stoch rsi is starting too bottom our in oversold and looks like we could be seeing a switch to bullish soon. our EMA ribbons have been pushing down a little bit obviously due to recent price action around the market, it doesn't look like we are seeing a twist at all just some downward movement. The Coppock Curve is getting real close to the bottom, indicating potentially some recovery soon. Bitcoin will move the market / altcoins so always keep an eye on BTC. NFA just my opinion.
LINK usdt - a lot of market structure mirroring A lot of the alt coins/tokens seem to be mirroring each other with a sharp decline from their comfort zones but following a declining trend.
Chainlink is no different.
Falling trend matches EMA.
I added some LINKLINK is currently within a strong uptrend
upward movement on the RSI is expected
Sad that Ethereum isn't moving that much, even on the current state of NTF's lately
💡Don't miss the great buy opportunity in LINKUSDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (28.18).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LINKUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 56.
Take Profits:
TP1= @ 31.86
TP2= @ 34.25
TP3= @ 37. 05
TP4= @ 41.00
TP5= @ 45.00
SL= Break below S2
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💡Don't miss the great buy opportunity in LINKUSDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (28.18).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LINKUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 56.
Take Profits:
TP1= @ 31.86
TP2= @ 34.25
TP3= @ 37. 05
TP4= @ 41.00
TP5= @ 45.00
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Link trying to hold supportRight now Link is looking to hold the support its currently at, aswell as come back up into the ascending channel. If we can get a daily close above our support we are currently sitting at would give link the chance to climb back up into our ascending channel and ultimately higher in price, however, if we see a close below this support i can expect us to have a bit of a drop tomorrow again and possibly at most see that 12% drop. Going to be interesting as our stoch rsi is shooting straight down into the oversold zone. The ichimoku cloud has begun to really shrink and we could see it flip to bearish. EMA ribbons are going sideways as of right now but aren't showing any signs of twisting to bearish. Watch for the daily close as it can indicate a lot. Not financial advice just my opinion
looking for Chainlink to push back up to the 31$ resistanceBullish overall on link, little dip today after rejecting off resistance at 31$(usd) as I said in my last TA for Link we may see a rejection but i believe we would see another couple tries and ultimately a break of the 31$ resistance. we are still getting support from Ichimoku cloud and EMA ribbons! Stoch RSI is coming down from overbought back into neutral zone, i expect this dip to get bought back up and for us to return to the 31$ resistance and hopefully breakthrough!
LINK Fib ChannelIdea for LINK
Showing multiple touches on critical fib lines
I expect a retrace to the black dotted line following the recent touch of the fib level
From there bullishness continues
LINK moving as we thoughtChainlink setting higher highs and lows. Touched golden pocket and is continuing the move I predicted.
It has now retested the .5 FIB level, psychological $30 level and 21MA. I can see this move continuing especially since the 21MA broke above 100MA.
Last time this happened on the 4H was at $12. LINK made a 200% move towards $36. If this repeats we could easily see our target of $45 reached.
Chainlink midtermIm bullish on chainlink . Green zone is a great support zone for this currency . First and second red zone available (specially first one)
Link pushing to break resistanceLink is on the push to break overhead resistance level, i think we will if not the first try maybe 2nd or 3rd consecutive try. We got the EMA ribbons pointing up with bullish momentum and ichimoku cloud ahead is big support and the Stoch RSI still has a little to go before being Over Bought, also we are trading above our middle line in the ascending channel as of right now. We will need to flip both overhead resistance levels to support to reach our ATH levels and beyond
LINK usdt - Tight resistancesAs we can see when there is a significant rise in Chainlink there is always a pullback.
The current candle is struggling to break the 1 & 4 hour resistance.
EMA is good - trading has flatlined.
Will we see a pullback?
Link ascending channelWe have been moving slightly up and down but mostly sideways with lots of accumulation going on, looks like Link is charging up for that next leg up. Ichimoku cloud printing support going upwards and Stoch Rsi was recently in oversold areas, we want to see link continue to follow our ascending channel which would eventually bring us upto ATH levels where we would need to break through to continue going up. We will want to watch out for a break down out of the ascending channel, if that happens i believe we would fall to our closest support (marked in green) NFA just my personal opinion!!
The end of wave 4 with Expanded Flat patternIn the daily chart, the 4th wave from the sub-waves of 3rd wave has ended in the range of $ 21, and the uptrend has started. The initial target for wave iii is around $ 55. In addition, the main target is heading toward the range of $ 80.
LINK FIB levelslink looking strong still we bounced off the 0.3 FIB Level perfectly and want to see this hold, if we can hold i can see us push to break the 0.5 FIB once again. Keep your eyes peeled because if we breakdown past the 0.3 FIB i believe we are bound to fall down to the 0.2 FIB, Ichimoku cloud still creating some upside support and the EMA ribbons pointing sideways but still bullish. Im not a financial advisor and this is all my personal opinion
LINK Bullish View - ContinuationThis recent wick extension has made LINK look appealing to me (within rectangle)
This rising Megaphone will likely continue, ( orange line of resistance will stay intact)
Continuation will result; bullish
A smart man once told me "don't invest in projects you don't understand"
Hence I am going to sit out of this opportunity
TA regardless looks bullish
LINK usdt - Fall out of current formationFalling EMA, lower trading volimes.
Falling support and resistance levels.
Falling Support levels,
Link usdt - to break out of formation to the $30 area?But EMA is still on down. Good trading volumes though.
LINK Areas Of InterestOverall clear bullish trend
Showing areas of resistance and support (red ovals resistance, green ones support)
Having fun using these fib circles, a lot of information can be drawn from them
Great buy at these levels
