BRIEFING Week #7 : Things are on track, waiting for catalystsHere's your weekly update ! Brought to you each weekend with years of track-record history..
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D-LINK
#LINKETH - 35% Rise Coming Off SupporttheCrypster -
A slowly closing wedge and plenty of profitable trades from top to bottom within #LINK - that's what we've had for numerous months so far; here we go again!
We're currently sat right on the lower edge of support and have received a good Buy signal from CTv2, we can see #CHAINLINK increasing somewhere between 30%-40% to the upper edge of resistance.
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LINKUSD Is it finally moving?Chainlink is consolidating around the 1day MA200, being slightly more bullish as the 1day MA50 is holding. Today's highly volatile 1day candle is evidence that the market is prepared to move higher. The Channel Down on the RSI could be a Bull Flag as it was in October.
We are buyers with 8.200 the short term Target. Next buy above Resistance A with our Target a bit lower than Resistance B at 9.4500.
In the same sense, below Support A, we turn to selling with 5.7000 our Target.
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#LINKBTC - Bust Through a Few Layers for +20%An almost perfect symmetrical triangle setup, a fresh rejection on the support test and a Buy signal from CTv2 all point toward a large upward move incoming.
There are a potential few layers of resistance to try to bust up through on it's way to the upper bound edge of this wedge but movement has historically been quite strong and we think this boldness will continue for now.
20% or more over the next month.. 👀
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LINK - greatest of the greatLINK - 1D and 1W bullish divergence. almost a year long accumulation. So what will happen now. Link should stay above red dotted line 7$ price. and then it should break orange line (above 9.4$). I am very bullish about it. But, Bitcoin 4H bearish divergence says, it could still dump a little bit. This is probably one of the safest coins to accumulate atm. DCA into it and you wont regret it.
trias - STILL A LOT OF ROOM TO GROWLow market cap, once very hyped KUCOIN coin. Still, there should be more exchange listings. Trias is only listed on Kucoin, and PancakeSwap (every coin can be listed there). So that concerns me a little. Twitter account is still active (that is good), they have roadmap updated every now and then (that is good), community is still growing (super good). I would long it, still ... exchange problem is persistent. We have crossed 1.8$ resistance. so I can see x2 short term growth. Depends on bitcoin movement too. green is goal color. 7$ final goal.
ChainLink token LINK price it's time to catch up with the marketWhile most cryptocurrencies began their rapid growth at the beginning of 2023, Link buyers were "scratching their heads" and not keeping up with the market.
Consolidation in the range of $5.50-9 has been going on for 9 months. Delta shows that purchases in this range are at least 5% higher than sales. Are "they" accumulating a huge position?
If so, then the growth of ChainLink token price to $9 will be soon. And ideally, in the coming months, we would like to see Linkusdt price at $15 and above
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LINKUSDT
Formed Falling Wedge In Daily Timeframe Counter Tl Has Already Broken Withen Wedge Now Expecting Test Of Main Trend line
And If Main Tl Broken Too Expecting Move Towards 12 - 15$ In Coming Weeks
Risk Takers can Enter On Counter Tl breakout For More Accurate And Low Risk Can Wait For Falling Wedge Breakout
Stoploss Can Be Placed below falling Wedge
$ALICE moving nicely POSTED JANUARY 25th
Did some #crypto shopping on this dip, had cash from recent sells, still have
Nibbled tracker position on $JASMY b4 but bought a building position here
Upped cost basis on $ALICE
#p2e #metaverse #NFT
$FARM & $LINK are more for trades (sold link few days later flat - NEED BETA)
Although #FARM does move, may reconsider
TODAY
Another that looks like it's about to break out
$ALICE #p2e #metaverse #nft #crypto
✳️ Chainlink | Is The Correction Over? (Name Your Altcoin #17 ✅)Is the correction over?
That's the first question that comes to mind when looking at the Chainlink vs Bitcoin (LINKBTC) chart.
A major uptrend developed after the May 2022 low that peaked early November.
In December a lower high was hit followed by a strong correction.
Few signals point to a potential end of this corrective wave.
1) Trading volume has been on the decline. Bear volume peaked in November and has gone much lower.
2) RSI Bullish divergence. The RSI hit bottom in December yet LINKBTC continued to hit new lows.
3) Back above 0.618 Fib. Prices went below the 0.618 Fib. retracement level for the May-November bullish wave. Today, LINKBTC is moving back above this level. This is a strong bullish signal if it can stay above it.
4) Other BTC pairs going bullish. Across the market, many of the altcoins vs bitcoin pairs have gone bullish with some going green 3 digits within a single day.
5) EW Flat. We have a perfect flat correction, 3-3-5. Signaling the potential end of the current move.
A reversal can happen here.
A higher low would lead to a higher high, let's find the next target.
Found, 0.00070782 for 130%.
Namaste.
Link Idea LINK Idea | LINKUSDT
✅ ✅ Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view,
And only some of these analyzes are my actual real trades.
I hope Traders consider I am Not responsible for your trades and investment decision.
LINK: short break?During the previous week, LINK entered into relaxed mode, making incremental moves between levels of $6.7 up to $7.4. For the second week in a row, a $7.4 level was an unbreakable line for LINK. This comes as daily trading volumes are significantly decreased, so there has not been enough market strength to push the price higher. But this is not a problem for LINK, as recent price developments points to high investor’s confidence in this coin.
RSI is still moving above level of 50, indicating that the market is still more oriented toward the overbought side, and is still not eyeing the oversold one. On the other hand, the moving average of 50 days continues to modestly diverge from its MA200 counterpart, decreasing the probability of potential cross in the near future.
As per current chart, there is possibility for LINK to revert a bit to the downside, after not being able to push the price above $7.4 level for the second week in a row. There is some probability that the price might revert back to $6.7 short-stop, eventually $6.5 support line, before it reverts back to $7.0 resistance, and probably $7.4 for one more time.
#Chainlink Correcting After 40% Surge, Resistance at $7.50Past Performance of Chainlink
Chainlink prices are solid when writing, looking at the daily chart. In January, LINK prices soared roughly 40 percent, finding intense liquidation at around $7.50. For the uptrend to take shape, buyers should force the coin above this week's highs, reversing losses of January 30, ideally with expanding volumes.
#Chainlink Technical Analysis
Chainlink is technically bullish at spot rates. Despite the correction of January 30, the bearish engulfing bar had relatively light trading volumes, a net positive for prices. The failure of bears on January 31 to further force prices lower might indicate support, validating the uptrend. Even so, there could be more opportunity for buyers should there be gains above $7.45, nullifying the bear trend following the correction from this week's highs. Suppose LINK holds above $6.23 and $6.57 support levels. In that case, buyers might find an opportunity to accumulate, aiming for $7.50 and later $9.4 in a buy trend continuation pattern.
What to Expect from #LINK?
Buyers are confident, but the dip on Monday somewhat forced liquidation from weak hands. In the days ahead, buyers must overcome immediate resistance levels and hold prices above crucial support lines for the uptrend to remain valid.
Resistance level to watch out for: $7.50
Support level to watch out for: $6.57
Disclaimer: Opinions expressed are not investment advice. Do your research.
LINKUSD Potential for Bullish Continuation | 31st January 2023Looking at the H4 chart, my overall bias for LINKUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market.
Looking for an immediate buy entry at 6.912, with price within an ascending channel and recently reflecting off the bottom of it. Stop loss will be at 6.270, where the recent low is. Take profit will be at 7.808, where the previous swing high was.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
LINKUSD Futures ( LINKUSD1 ), H4 Potential for Bullish RiseTitle: LINKUSD Futures ( LINKUSD1 ), H4 Potential for Bullish Rise
Type: Bullish Rise
Resistance: 9.580
Pivot: 7.550
Support: 6.580
Preferred case: Looking at the H4 chart, my overall bias for LINKUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Expecting price to break the pivot at 7.550, where the recent high is before heading towards the resistance at 9.580, where the previous swing high is.
Alternative scenario: Price could head back down to retest the support at 6.580, where the 50% Fibonacci line is.
Fundamentals: There are no major news.
LINKUSD Potential for Bullish Continuation | 31st January 2023Looking at the H4 chart, my overall bias for LINKUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market.
Looking for an immediate buy entry at 6.912, with price within an ascending channel and recently reflecting off the bottom of it. Stop loss will be at 6.270, where the recent low is. Take profit will be at 7.808, where the previous swing high was.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.