LINK UPdate - Super LONG accumulation LINK UPdate - Super LONG accumulation
for 2 years
price will do somethign soon
D-LINK
1HR: $LINK; Bullish Rectangle- BOUNCE!NASDAQ:LINK did not let the bears break her down past this strong support and produced a nice bullish rectangle driven by bullish divergence on the MACD. IF LINK can spring, backtest local top of the structure and buyers demand, could make a good move.
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Link and the potential 930 Reward to riskHi Everyone;
today we have one of the best risk to reward Investment opportunity
it is more than 930 times the risk and the chart is look very promising.
I expect breaking the previous bear market key point will clear the way to the final target
LINK we took short and booked part for profit LINK we took short and booked part for profit
at this moment better to hold the position
chance for pullback is HUGE
LINK Hit our targets. Enjoy the profit LINK Hit our targets. Enjoy the profit
watch video update to learn how we made it
Chainlink Update (The same playbook )Since October 2022 I have been getting things wrong with chainlink a lot , pretty much the only coin where I missed the target and time over and over . Most of the time its easier to trade Litecoin because it actually has organic movement.
Chainlink has not been moving organically in my opinion , there is no historical price movement that we can compare this sideways movement for over 400 days.
For me atleast it was looking like this was some sort of wyckoff accumulation period and we just had a spring event.
In my previous TA I tried to give traders a heads up that this was highly likely a coordinated move to get Chainlink at much lower prices.
It was very clear to me that this was the case just based on the wave of news and timing of the flash crash structure that came shortly after.
Its the same playbook over and over if its not a ETF to bring price up , its SEC hammer to bring it down or "China ban" or Elon musk selling btc holdings for tesla etc etc you get the picture.
So where are we now , still under the 1/2 Gann Fan , at 6.8 dollars Chainlink will be over the 1/2 Gann Fann , lets see if its start closing above it that would signal a big change for LINK in terms of market structure.
We also have this very nice support line here which until now I didn't notice , seems to be bouncing off this support for a long time.
As I posted in my previous post of LINK , my indicators have been flashing bullish divergence and 5 wave counts across the board.
This EW count suggests wave 5 is in and target is just under 8/1 Gann Fan , very interesting.
and finally we have the most important Chainlink chart , the LINK/BTC dominance last LINK TA I talked about potential hidden bullish divergence if it bounced on this trendline.
We got that bounce.
So to conclude here , never sell your Chainlink at these levels , there is clearly big things happening in the background , when a coin has coordinated attacks to dump price and goes into some sort of Wyckoff accumulation its extremely bullish long term it might not seem that way short term and its been a long road for LINK holders but the play in a bear/sideways market is always to load up on fundamentals .
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Navigating the Ascending Channel and ResistanceShort-term scenario:
In the 4-hour chart, Chainlink is following an ascending channel pattern, which is a bullish sign. LINK's current price is around $8.00, near the upper Bollinger Band and the 0.618 Fibonacci level, which are both significant resistance points. The RSI and Stochastic Oscillator are close to overbought territory, suggesting the possibility of a slight pullback or consolidation.
If the bulls can push LINK above these resistance points and the price sustains there, the upward trend could continue towards the previous peak at $8.464 and beyond. However, if LINK fails to break these resistance levels, we might see a pullback towards the middle Bollinger Band ($7.633) or lower.
Do's in the short-term scenario:
Monitor the $8.00-$8.05 resistance level closely.
Watch the RSI and Stochastic Oscillator for signs of overbuying.
Don'ts in the short-term scenario:
Don't panic sell if a minor pullback occurs. It's normal in an uptrend.
Don't ignore volume changes. They often precede price changes.
Long-term scenario:
In the daily timeframe, LINK is trading above the 0.236 Fibonacci level ($7.59), showing a strong bullish sentiment. However, it's approaching a strong long-term resistance zone ($8.4-$8.95), which it has previously struggled to break.
If LINK manages to break and hold above this resistance zone, the bullish trend might continue with targets at the next Fibonacci level (1.0 at $8.464) and beyond. If not, we might see a consolidation or correction phase, with potential support at the 0.5 Fibonacci level ($6.613).
Do's in the long-term scenario:
Keep a close eye on the $8.4-$8.95 resistance zone.
Stay updated with any fundamental news affecting LINK. These can have a significant impact on the long-term price trend.
Don'ts in the long-term scenario:
Don't ignore the long-term resistance zone. It's a critical level.
Don't overlook market sentiment and broader cryptocurrency market trends.
Most probable scenario:
Given the strength of the long-term resistance zone and current overbought indications on the 4-hour chart, it seems likely that LINK may undergo a minor pullback or consolidation in the short term. The future trend will then depend on whether LINK can break through the $8.4-$8.95 long-term resistance zone.
Do's:
Consider setting stop-loss levels to manage risk effectively.
Regularly review and adjust your investment strategy based on changing market conditions.
Don'ts:
Don't invest more than you can afford to lose. Cryptocurrency investments carry significant risk.
Don't follow investment advice blindly. Always conduct your own analysis and research.
LINKUSDT - $12 Likely during 2023Hi Traders, Investors and Speculators of Charts📈📉
Chainlink ( LINKUSDT) has recently made some big increases and it seems like this altcoin isn't done yet.
The Technical Indicator in the Daily timeframe is extremely bullish; we see a bullish cross on the trendlines. From the weekly, we can clearly identify the market cycle of accumulation phase as being completed. In other words, we're at the foot of a new bullish cycle.
You may need some patience for the second target, but a first target of 8.8 is very reasonable for the short term.
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🔥 LINK: Will It Finally Break Out Through 1 Year Resistance?Over the last year, LINK has been trading very stable between ~5.5$ and ~9$. With the price currently around 8$, it begs the question whether we're going to break out this time, after several failed break outs.
Statistically, there's a small probability that we will actually break out. Therefore I'm going to wait for a daily candle to close above 10$ to confirm the break out. Stop just below 9$.
Seeing that LINK has been trading sideways (read: accumulating) for nearly a year, one would think that there's an explosive move on the horizon.
If we won't break through the resistance, I'll be looking for a short-entry, will update this signal by then.
LINK ChainLink Growth Thesis | Trading at 52 week low Chainlink (LINK) is currently displaying a bullish signal as it bounces from its last support level. This price action indicates renewed buying interest and suggests a potential upward movement for the cryptocurrency.
Chainlink (LINK) has established numerous partnerships across the blockchain and cryptocurrency ecosystem. Some notable collaborations include:
Google Cloud: Chainlink partnered with Google Cloud to integrate its oracle services and bring real-world data onto smart contracts deployed on the Google Cloud platform.
SWIFT: Chainlink collaborated with SWIFT, the global provider of secure financial messaging services, to explore how Chainlink's decentralized oracle network can enhance SWIFT's cross-border payments infrastructure.
Oracle: Chainlink has a strategic collaboration with Oracle, a leading provider of enterprise-grade software and cloud solutions. This partnership aims to integrate Chainlink's decentralized oracle technology into Oracle's Blockchain Platform, enabling secure and reliable connectivity between smart contracts and external data sources.
Binance: Chainlink partnered with Binance, one of the largest cryptocurrency exchanges globally, to support the development and growth of the decentralized finance (DeFi) ecosystem. This collaboration aims to provide secure and reliable data feeds to power various DeFi applications on the Binance Smart Chain.
Polkadot: Chainlink has integrated with Polkadot, a multi-chain platform that enables interoperability between different blockchains. This partnership allows Chainlink's oracles to provide off-chain data to smart contracts deployed on the Polkadot network.
Hedera Hashgraph: Chainlink collaborated with Hedera Hashgraph, a decentralized public network, to enable developers to leverage Chainlink's oracles for accessing real-world data on the Hedera network. This integration enhances the security and reliability of smart contracts built on Hedera Hashgraph.
Based on this analysis, there is a potential price target of $8.70 for LINK.
Looking forward to read your opinion about it!
Chai link is THE REAL DEAL NASDAQ:LINK will be heading a lot higher. My study is just mid term but long term we might see astronomical numbers.
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linkIn the previous analysis, we said that selling pressure will be high in the red box. Now I am waiting for support from one of the following green lines
LINK will recover?
LINK has been consolidating in almost a year (May 2022). The price action seems to be a Wyckoff accumulation (Schematic 1) and a Spring/Test is under confirmation.
As a result, a trade set-up is as in chart. One can enter here (risky option) or wait for a successful retest (safer option).
Generally, it's important to consider also BTC moves for risk management of all other trades. In my opinion, BTC is facing a strong resistance at $30000.
LINK - Wyckoff Accumulation + Elliott WavesLink has been stuck in this range for an awful long time. In this count, it is labelled as a diagonal 5th + corrective wave 4; which could explain why we've been in this range for so long.
Looking for a pullback to test bottom support to take out range highs.
Link 20% Up or 10% Down?After a nice pump on bullish news for link it is setting itself up for another nice move to the upside if a bullish flag forms and brakes to the upside.
Fundementally the news of cross chain liquidity pools is in the works and has buyers bullish.
There is also a fairly nice fair value gap below that corresponds with the current uptrend and golden pocket retrace area. If BTC fails to hold its current levels many alts will also typically follow suit.
While there could always be a fake out which ever direction the consolidation brakes is typically the direction it continues to go.
Shorting LINK: Overbought Conditions, TBO, and Fibonacci LinesIn this trading idea, we will explore the potential shorting opportunity for LINK/USDT, driven by recent news-induced overbought conditions and strong over-extension from the TBO Fast Line. The confluence of factors, including resistance at previous TBO Resistance lines and the 0.236 Fibonacci level, presents a compelling trade setup.
Reasons we are looking to Short LINK/USDT:
1) Overbought Conditions:
Recent news and hype have driven LINK to an extremely overbought state. Such excessive buying activity may lead to a price correction, providing an attractive opportunity for short positions.
2) Over-Extended from TBO Fast Line:
The current green TBO Fast Line at 6.857 indicates LINK's significant deviation from its average price movement. Historically, such deviations tend to revert to the mean, potentially presenting a favorable shorting scenario.
3) Strong Resistance at Previous TBO Resistance Lines:
LINK's price surge encountered strong resistance at previous TBO Resistance lines. These levels have proven influential in the past and may act as formidable barriers for further price advancement.
4) Fibonacci Resistance:
The price of LINK has reached the 0.236 Fibonacci retracement level, which often serves as a significant resistance zone. Traders typically consider this level as a crucial point for potential reversals.
Shorting Strategy:
With a well-defined shorting strategy, we aim to secure approximately 15% profit while maintaining a 4:1 profit-to-loss ratio.
Trade Plan:
- Entry: Initiate the short position from the current price levels.
- Take Profit: Target a 15% profit from the entry point.
- Stop Loss: Set a stop loss just above the 0.236 Fibonacci level of 8.408
- Time Frame: We expect the trade to close within a week.
Risk Management:
As with any trade, risk management is paramount. By adhering to a predefined stop loss level, potential losses can be minimized in the event of an unexpected price surge.
Conclusion:
In conclusion, the current overbought conditions, significant over-extension from the TBO Fast Line, strong resistance at previous TBO Resistance lines, and the 0.236 Fibonacci resistance level all point to a potential shorting opportunity for LINK/USDT. Implementing a well-structured shorting strategy and prudent risk management will enhance the likelihood of achieving the desired profit targets. As always, exercise caution and remain vigilant throughout the trade execution. Happy trading!
(Note: The trading plan and risk management mentioned above are for informational purposes only and should not be considered as financial advice. Always conduct your own research and consult with a professional financial advisor before making any investment decisions.)
Breakout: #ChainLink's Decisive Move and Its Implications💎 For over a year, #ChainLink has been range trading, but this changed in the last week. #LINKUSDT experienced a decisive break and close below the $5.5 support area. From a technical perspective, this could be seen as confirmation of the downtrend. However, we must consider the year-long price action before drawing conclusions. It is prudent to wait for the monthly closing price, as it might confirm or negate the continuation of the downtrend.
💎 Currently, #LINK has successfully triggered most of the stop losses of high leverage buyers, leading to increased buying liquidity. As a result, we could witness a rapid price growth before the monthly close. A potential pullback may occur, causing the price to encounter multiple resistance areas as indicated on our chart.
💎 While there is a certain probability that #ChainLink has bottomed out, it is important to note that we are still far from a strong confirmation of a bullish trend. The Paradise Team will closely monitor the price action and keep you informed about any significant developments.
LINKUSD: Strongest day of the year testing the Channel's top.LINKUSD is having the strongest 1D candle of the year, turning the 1D time-frame technically overbought (RSI = 73.130, MACD = 0.370, ADX = 25.207). This rise may have taken the price above both the 1D MA50 and 1D MA200 but just hit the top of the 8 month Channel Down. Technically that is a sell signal, targeting the bottom of the High Variance Belt (TP = 7.000).
If the price crosses above the top of the Channel Down and invalidates it, we won't go long just yet, but rather wait for R1 (8.8000) to break and then buy aiming at R2 (TP = 9.65000).
A weekly closing over the R2, justifies a long term hold position on LINK.
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LINK looks bottomedChainlink holders have been in pain ever since May 2021 (the point where I sold around $48) but luckily after hard times, the strong survive and good times are coming. We tapped the last imbalance and the 6.18 as a macro support which lines up perfectly with the spring phase in the Wyckoff accumulation scheme. To me it looks like we will exit this sideways chop by October 2023, if macro stays healthy. First target is around $13.
