LINK Chainlink long to 40$ in intermediate W3 and 60$ in Main W5Hi everyone,
sorry if this chart look like a mess!
You need to keep in mind that this Elliott Wave scenario is without a doubt realistic for Chainlink . Main wave 3 can make an extension to 66$, it's something possible, but it's always better to place your strategy inside a reaslistic scenario and take some profit on the most probable fibs... don't try to catch the ultimate top cos you can get smashed at top. Most probable targets of Wave 3 are 161.8%, 261.8 and 361.8%, try to take some profit on everyone.
ChainLink is an awesome project, one of the strongest in the crypt industry but keep in mind that ChainLink supply is at 407 009 556 LINK and will be 1 000 000 000 (inflationay) LINK (total).. which mean that ChainLink would not be a longterm play for me like another deflationary asset that have almost the same or stronger fundamentals but with much less supply like Elrond - EGLDUSD Egold... which will be at 21 000 000 EGLD like the Bitcoin.
If you have any question(s) or would like to contact me in private, don't be shy.. i will do my best to help you !
Have a wonderful sunday!
Crypto Mercy !
Chainlinkusdt
Price rising and continuing its upward macro trend at LINKUSDT Technical analysis regarding the price of CHAINLINK in relation of dollar Tether for the next scenarios, based on 4 hour movement.
Price forming rising tops/bottoms ~upward trend~ and has been respecting this channel. So far there has been no disagreement with the MACD, if any, even better to confirm this bullish leg.
Exponential Moving Averages taking parallel spacing and that of 34 periods guiding the price.
Target prices suggested in the graph.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
Target projection for the next scenarios in LINKUSDT 1HTechnical analysis regarding the price of CHAINLINK in relation of dollar Tether for the next scenarios, based on 1 hour movement.
The price has been moving, forming rising tops/bottoms. However, it arrived in that region where it accumulated.
I believe that by breaking this region of resistance that we find, the price will seek the projected targets.
disclaimer
*** This is not a recommendation to purchase and/or sale. It is for educational purposes only. ***
This Can Be Really Bad For Chainlink (Link) HoldersHey friends, hope you are well and welcome to the new update Chainlink token.
Different support and resistance levels:
On the daily chart, the priceline of Link token is breaking out the different resistance levels and after breaking out re-testing the previous resistance levels as support before the next rally. Now the price action of Chainlink has found the highest resistance at $25. There are also simple moving averages with the time period of 25, 50 and, 200 with different support levels.
An up-channel and EMAs:
The price line of the Chainlink token is also moving in an up-channel and after getting rejected it is at the support of this channel. At the same time, it is also re-testing the exponential moving averages with the time period of 10 and 21 as support.
Long-term up-channel:
On the long-term weekly chart, the priceline of Link has formed a bigger up-channel and it is likely to be rejected by the resistance of this channel at the moment. Therefore in long-term we can expect a rally to the downside to re-test the support of this channel.
Conclusion:
In the short-term we can expect a move to the upside as the price action is at the support of an up-channel but in the long-term, a rally to the downside is more likely to be expected because the price action has been rejected by the resistance of a channel on the weekly chart.
CHAINLINK DAILY CHART- ChainLink is in an uptrend just after breaking out of an accumulation triangle. We must wait and be patient as we look for opportunities to enter the trend.
- We will wait for a counter trend pattern to join.
- We will wait for the price to pull back to some support to look for an opportunity.
Chainlink If chainlink copy the previews pattern of the double top , he had a dump of 96 bars ( -28.40% ) that period of time and at the same time his lowest RSI indicating the lowest underprice he reached was 14 bars ( 15.32% ) dump at that period of time. Link just made another Double top , with a 96 bars drop ( 26.24%) should reach around 19$, just above the strong support line, also its possible due to the RSI movement with a 14 bars drop ( 12.87% ) it might stop around 20$. If Bounce of the 20$ support the next target is 30$ bullrun.
LINK 12h ATH was updated, will it go higher or have enough?To your attention LinkUSDT, which recently updated the absolute high of trades.
Unsurprisingly, this coin has collected almost the most votes in our weekly digest to analyze it . We promised - we are doing , by the way, you still have the opportunity to offer your options for analysis.
It is difficult for LINKUSD the process of fixing at the top of the channel.
In order for the growth to continue , the LINKUSDT price needs to fix above the level of $25.25. If this happens, we can safely long to the next level $29.84.
In the event that sellers remember that they also have a right to exist in the market, and activate sales, the level of $25.25 will be protected.
Sharp sells can be tricky as LINK trades with the opportunity to use the large leverage across multiple platforms. Stop and liquidation triggers can easily push the price down to $20 or even to $17.20.
_______________________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
Link: The completion of 4th Wave from point 3As you can see in the 240-minute chart, the price is in the sub- waves of 3rd wave, the 4th Wave hits to the channel line in the range of $ 17.10 and ends at that area. In my opinion, the target for the uptrend is $ 80 to $ 150, but the initial target is $ 38 to $ 40.
LINK ready to test ATH again !LINK / USDT
Chainlink just broke strong trendline resistance
We can see below 200 EMA daily was best support it has
Now i think with all these pumps in alts LINK is ready to test its ATH soon or even break it !
🚨 Daily close above trendline is very important to remain bullish
Good luck and happy trading 🌹
LINK 12h Historical high is close, what will happen next?For 4 months, the LINKUSDT price has been moving upward in the channel.
Of course, there was one flow by $8, either to work out our idea )) or to knock out the longists. But the fact is that without extra passengers, upward, it became easier for the locomotive to move.
Now the LINKUSD price is approaching the important $19-20 zone , which is very close to ATH.
And here we need to carefully monitor how the price movement will be controlled:
If the price consolidates below the level of $19, then no doubt they are preparing for a breakout upward, and there the targets are: $20 and $22.5 soon.
If there is a sufficiently strong rebound down from $19, and buyers will not buy it back, then thoughts will creep in that they are forming something like a "double top" or "Adam and Eve".
At least preliminarily, some conditions are already met:
- the first top is sharp from the spikes and with high volumes
- the second top is flatter, U-shaped, with low volumes
- the difference between the tops is not more than 5%.
In any case, you need to closely monitor the market and select coins, especially when prices are near historical highs. And you need to trade for the trend, not for wishlist.
It's also worth noting that Link is very sensitive to BTC flows.
Good luck to all of us)
_______________________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
LINKUSDT about to make a run for ATH? Levels to watch.It can be argued that we are seeing a breakout and re-test setup for this pair. If we work under that premise, it's reasonable to to expect a subsequent test of the 19.00 levels for a new ATH attempt. But only if 15.80 holds. Otherwise, more sideways to down are likely.
Looking for a strong bullish close in today's candle.
Chainlink (LINK) Is Running Out Of RoomCHAINLINK (LINK) has been in a long accumulation period for over 4 months now and it is lately running out of room in a symmetrical triangle. As markets are very bullish and all Altcoins are popping in waves one by one, LINK has been very much silent for an extended period of time. If you want to invest in crypto and have some solid gains with minimum risk, LINK is one of those safer bets you may get in the market. You may either buy the breakout of the triangle or dollar cost average your investment and let it ride the wave.
Best regards,
LINKUSD: It is all there for the display. Only up.LINKUSD is coiling up since July 2020. Roughly half an year now and the volume has not been so bad since its ATH.
On the daily, RSI is mid way and balanced at around 44 and the histogram is about to flip to the positive side.
It appears that it is ready to make the stronger move towards upside.
I would expect it to break $ 15 by mid Jan and move upwards towards around $25 to $28.
It appears that we now have a good entry point at around $11 - $12.
DOTUSD broke its all time high yesterday was in a similar situation.
Considering that it is only BTC that is moving up for so long now with only few alts keeping up would say some of that money and profits will certainly move towards alts especially the ones that are not paid attention on. LINK is one such crypto that hasn't made anything major to grab the headlines and possibly the time soon.
Also, given that LINK sprung into the top 10 spot in a BTC bear market, it would not be surprising now when BTCUSD is cooling off.
Good luck, Happy trading.
And one more thing ,this analysis is just my opinion on the market considering the technical hints provided by the market movement and not to be considered as any form of investment advice.
Thank you.