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D-LINK
LINK Chainlink Aiming for a Triple TOPIf you haven't bought LINK's Perfect dip mentioned in the last article here (52 week low!):
Then you need to know that with the stock market at an all-time high, I anticipate crypto assets to follow suit.
In this scenario, considering Chainlink`s chart as well, I think that we are heading for a triple top formation, with a price target of $17.60, before a correction.
Link Elliott Wave up or sideways requirementsIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
BINANCE:LINKUSDT
Finally got a break-up!
Re-entry at 14.70
$20 is the price to beat and flip for me.
Bouncing down from this box down to
16.40 possible Sideways
Get Ready for a 10% Profit Explosion with LINKLink seems to have recognized its own potential after breaking below the beautiful ascending channel it created some time ago and exploring those levels for a while. It might be attempting to convey this potential to us with the Cup and Handle formation. The general target of these formations is expected to rise by the size of the large semi-circle we call the cup. We are approaching the end of our formation, and if we can re-enter the upward trend channel, the formation target will likely be achieved.
LINK/USDT Facing on the strong resistance, Breakout or rejected?💎LINK has undeniably attracted substantial attention in the market. At present, LINK is encountering a formidable resistance zone ranging from 18.3 to 19.5.
💎 This zone holds significant importance as a successful breakout from this area could pave the way for a noteworthy upward movement, probability allowing the price to reach our target in the bearish OB area.
💎 However, should LINK fail to secure a breakout, there is a possibility of encountering rejection at this resistance level. Such an outcome could lead to a downward trajectory, with the price retracing to the support area to establish new momentum.
💎 It's essential to note that the support area may not be an ideal entry point for purchasing LINK. In the higher timeframe (HTF), the price has yet to enter the retesting phase at the demand area, which serves as the supply zone within the accumulation zone.
💎 In this scenario, there is potential for the price to undergo a retest in this area, experience a bounce, and subsequently resume an upward movement, heralding a bullish season.
$LINK 10X initiatedKey rejection from this level marks a strong recovery that aims straight at ATH. Path is delineated but speed may very. Months long consolidation will bring explosiveness to it.10X for this main industry player is highly likely. Many onset developments to be excited about with this one. March 1 Pinned tweet quote:
" Introducing #Chainlink Functions—the serverless #Web3 platform for connecting any data, device, or system to smart contracts.
Functions brings Web2 services like
@awscloud, @Meta, and @googlecloud
on-chain to empower devs to #LinkTheWorld to Web3.
blog.chain.link/introducing-functions/ "
LINK - flat correction is almost overHello, Skyrexians!
Today we have an analysis on very strong fundamental altcoin LINK which showed very small correction in comparisson with other crypto assets. Price has a clear Elliott waves structure. After impulsive wave price ended the correction ABC and now in my opinion is forming the new impulsive wave from 0.5 Fibonacci zone.
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LINK : Still +50% UPSIDE Possible📉Hi Traders, Investors and Speculators of Charts📈
Chainlink / LINK is an altcoin that still has massive upside potential for the coming bull season. If you have been following me for a while, you'll know I've been saying we are trading in the opening moments of a new bullish cycle . I've also referred to this as Elliot Wave Theory Wave 1.
According to my plan, this is the first impulse wave towards the upside. But the upwards wave are always followed by correction waves; a natural part of any cycle. I expected the correction phase to be close to/ before the BTC halving which is in April.
For the near term, I'm expecting LINK to trade range between the upper resistance and lower support as pointed out on the chart, roughly $2 up or down. This is a great re-accumulation zone, incase you missed the first lower-accumulation entry point.
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CryptoCheck
CRYPTOCAP:LINK BYBIT:LINKUSDT.P BINANCE:LINKUSD.P BINANCE:LINKUSDT COINBASE:LINKUSD
LINKUSDT.3HBased on the provided market data for LINK/USDT:
- Current Price: $13.90
- 4-hour indicators: RSI is 31.30, MACD is -0.324, Bollinger Bands are at 15.600
- Daily indicators: RSI is 43.74, MACD is -0.061, Bollinger Bands are at 16.235
- Weekly indicators: RSI is 64.78, MACD is 1.892, Bollinger Bands are at 19.260
The Relative Strength Index (RSI) on the 4-hour chart is currently quite low, indicating that LINK could be oversold and might experience a price reversal. However, the MACD on the same timeframe is negative, suggesting some bearish momentum.
On the daily chart, the RSI is relatively neutral, while the MACD is slightly negative. This could indicate a potential sideways movement or a slight bearish trend in the short term.
The weekly RSI is in the bullish zone (above 50), and the MACD is positive, indicating a potential bullish trend in the longer term.
Support and resistance levels are as follows:
- 4-hour: Support at $14.63, $13.70, and $13.34. Resistance at $14.842, $15.54, and $16.77.
- Daily: Support at $13.50, $12.70, and $12.057. Resistance at $16.34, $17.35, and $18.59.
- Weekly: Support at $12.412, $11.50, and $8.847. Resistance at $17.81, $19.337, and $20.86.
In conclusion, the short-term charts indicate a bearish or sideways trend, while the longer-term charts suggest a potential bullish trend. It is advisable to keep an eye on the market for any changes in these indicators that could signal a shift in the market direction. Please note that this is just an analysis based on the current market data and not a definitive prediction. Always do your research and consider your risk tolerance before trading.
LINK/USDT 4H ChartI invite you to review the LINK chart in pair with USDT. Let's start by identifying the downward trend channel from which the price broke out at the bottom using the blue lines. However, here the exit from the channel could have resulted in a drop close to the height of the channel itself, which indicates a potential place for further declines. Locally, we can mark a downward trend line that keeps the price in a downward movement.
After unfolding the fib retracement grid, you can see how the support at $13.91 kept the price from falling further, but if the price breaks below the current support, we still see a very strong support zone from $13.17 to $12.22.
Looking the other way, we can also determine the resistance areas. And here there is visible resistance at $14.73, and when the price breaks out, it will have to face a strong resistance zone from $15.98 to $16.63 before moving towards the new ATH.
Please look at the RSI indicator as there is still room for growth, but the indicator is starting to turn down again. However, on the STOCH indicator we are moving at the lower part of the range, but here too there is no energy for a stronger upward movement.
Bitcoin 2024 (Scenario 2)Bitcoin-2024-Scenario-1 Below
Let's talk about the thing nobody wants to talk about.
THE CME GAP AT 20k!
This CME gap is one of the largest Gaps in history.
Coming in at 20300 to 21200, it's a huge Gap.
I remember very clearly the herd saying the "GAP AT 18K WILL NEVER GET FILLED."
500 days later, what happened, the damn GAP gets filled. How many times do we need to fade this signal lol.
The fact is that every damn GAP this size gets filled at one point. Will this time be different? Are we going to play the "this time will be different" tune again lol.
There are a couple of charts that are screaming Black Swan.
ETH
Giant rising wedge pattern in ETH. A break of this wedge would be a massive move down!
XRP
XRP is repeating the same pattern it formed from 2014-2017. What happened at the end of the triangle? A massive shakeout!
USDT dominance Chart
Guys look at the channel. Do we need to question it? Even now at the 48k top, there was not a single candle close under the channel. I've been following it with my group week by week and nothing. The channel is still strong.
It is a fact that no BIG bull market or rally has started from the bottom of this channel, and until the dominance is back up to where this green circle is, the chances are this bull market will not start.
So how do we get the dominance up there and still hit 70k by December 2024? By using a black swan, that's how. My call is something big happens this year, another scare, Bank, War, Virus, anything to drive mass fear.
I can see it now, a crazy wick down to close the CME gap but weekly close above this macro support.
If this plays out, then XRP plays out its shakeout, ETH breaks its rising wedge, and USDT dominance goes back up to the top of the channel. It all fits.
If Bitcoin is at 20k and the USDT dominance is at the top of the channel, that's when I can say for sure that the bull market has started. Until then, I have doubt.
We can't even say with 100% certainty that the Bitcoin double bottom is even in!
Every cycle we retest and make a double macro bottom before the bull market starts, but this time it's not been so clear. Can we say that June and Nov of 2022 were the double bottom of this cycle with 100% certainty? I don't think so.
This is something I have been trying to figure out for months: IS THE DOUBLE BOTTOM IN OR NOT? How can we say that with a 20k CME GAP that if it would get filled, it would then form a macro double bottom on the Bitcoin chart.
This is my view on scenario 2. I would not have any longs open or collateral loans and have cash to buy if this scenario happens.
This is without a doubt the most dangerous unpredictable period of the Bitcoin cycle.
If nothing has happened by September, we are in the clear. Until then, protect yourself from risk.
My bet is Scenario 2 unfolds.
Sell in midle-term (LINK)📊Analysis by AhmadArz:
direct to trend of bear.
by R/1.5
🔍Entry: 15.43
🛑Stop Loss: 15.67
🎯Take Profit: 15.08
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀Please boost and💬 comment to share your thoughts with us!
LINKUSD, EW - Completion of complex wave 4 - $11 targetJust a thought/idea re. chainlink near term.
The higher timeframe 5 wave impulse is not complete, nor does it appear that wave 4 is complete.
I think a move down to $11 is possible in the short term. That said, the A/D indicator (accumulation/distribution) is printing a divergence on time frames lower than 12h. Longer term, I think link is headed to $27.
Long-term price of LINKIn the weekly timeframe, LINK's price has been robustly supported by its underlying supports. Over the long term, breaching the forthcoming resistance level could push the price into the $33 level.
(All analyses will be updated)
This analysis is informational, not financial advice. Good luck!
LINK/USDT 1HInterval Chart I invite you to review the LINK chart in the USDT pair, also on a one-hour interval. First, we will use the blue lines to mark the upward trend channel where the price is struggling to maintain its position, while the local yellow circle will mark the local upward trend lines to which the price is trying to return.
After unfolding the trend based fib extension grid, you can see the support at the level of $14.82, which has held the price for now, then the second support at $14.31, and then the third support around $13.44.
Looking the other way, we see that the price is heading towards the resistance level of $15.53, which had previously decreased the price, the next resistance is at $16.11, only after breaking above it, the price will be able to move towards $17.
The RSI indicator shows that we are staying near the middle of the range, while the STOCH indicator still has room for the price to drop to lower levels.