LINK - Once A Castle; Always A Castle! 🏚Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
LINK has been stuck inside a big range in green between 5.0 and 10.0 and it is currently sitting around the lower bound (5.0) so we will be looking for buy setups.
For the bulls to take over, we need a break from a short-term perspective, we need a break above the last minor resistance in orange around 6.5.
And for the bulls to take over from a medium-term perspective and then a long-term perspective, we need a break above the upper orange zone and green zone respectively.
Meanwhile, until the bulls take over, LINK can still trade lower to test the 5.0 zone or even break it downward.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
D-LINK
LINK - Strong reaction?LINK has been trending down for the past few weeks. A support level in the $5.75-$5.85 range caused only one downtrend correction, and it was broken again as sellers took strength. On the other hand, a downward trend line is considered on the chart, and if this resistance is broken, we can expect the price to grow to the ranges of 6.5 and 7 dollars. But if the selling pressure continues, we can expect another bearish wave to form to the $4.3 range.
There is a confirmed twin bottom pattern at $5.45 in the 4-hour time frame, where we can at least expect price growth to continue up to the $5.75-$5.85 resistance. The point is that meeting this resistance can be accompanied by a strong reaction, which this week we can consider a range trend at best for LINK.
LINK: Descending TriangleChainLink (LINK) technical analysis:
Trade setup : Price broke back below $7 and 200-day moving average and appears to be trading in a Descending Triangle. Price is nearing a pinnacle of the Triangle, hence, a breakout is imminent. Recent rally was driven by launch of staking service. (set a price alert).
Pattern : Price is trading in a Descending Triangle pattern. Typically, a breakout will occur in the direction of the existing trend. Most traders will take a position once the price action breaks through the bottom line of the triangle with increased volume, which is when the price should decline an amount equivalent to the widest section of the triangle.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance : Nearest Support Zone is $5.50. The nearest Resistance Zone is $7.00, then $8.00.
LINK LONG (last spot trade 2022)SPOT (DCA) trade into LINK for long time hold.
2022 - What a Ugly crypto year! Chainlink (LINK) have now been ranging for quite a while. At the moment LINK are at the bottom on the "Daily-channel" -Stoch RSI oversold. Of course BTC can move to 10K-13K and LINK will follow that fall. But if you believe that we are close to the BTC-botton - the timing for DCA into LINK looking really good.
$LINK trying to break out of 3-year TLAs the saying goes picture is worth 1000 words.
- 3 previous touches
- 4th touch violation of TL
- 4th touch while forming bullish structure iH&S
At this levels, everything is a buy.
Spot, DCA in, whenever you can as much as you can.
My belief is ~0.0002100 sats was the bottom.
#LINKBTC Could Break Downward#LINKBTC has been trending within an upward parallel channel for some time now, with a strong sell from Crypto Tipster v2 on the 2D chart we'll be keeping our eyes on this one over the next few days.
A little more drop out of this channel could provide a massive 30% short trade down to the next support level.
LINK: Sideways ChannelChainLink (LINK) technical analysis:
Trade setup : Price broke back below $7 and 200-day moving average and appears to be trading in a Sideways Channel ($6-8). Swing traders could trade the channel: Enter near $6 support and exit near $8 resistance. Recent rally was driven by launch of staking service.
Pattern : Price is trading in a Sideways Channel , which is a neutral pattern (indication of market indecision). Trend Traders ought to wait for a breakout in either direction, although typically it breaks in the direction of the existing trend. Swing Traders can trade the range – Buy near Support and Sell near Resistance.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bearish but inflecting. MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $6.00. The nearest Resistance Zone is $7.00, then $8.00, and $9.50 – $10.00.
LINK/USDT 1D Interval ReviewI invite you to review the chart LINK in pair to USDT, taking into account the one-day interval. Let's start by identifying the main trendline, but looking closer we can identify with the blue lines the sideways trend channel and with the yellow line, the local downtrend lined that the price is trying to break.
Using the Trend Based Fib Extension tool, we will check the current support points for the price. As we can see, the first support is where the price has repeatedly changed its uptrend at $5.83, then we have support at $5.39, which is also the lower limit of the channel and the location of the previous low. However, when we exit the channel at the bottom, we can see a drop to around $4.72 or $3.82.
When determining resistance for the price, it is worth first to mark the strong zone from $ 6.25 to $ 8.03, only when the price goes higher we have resistance in the upper part of the channel at $ 9.43, going above this resistance and positive testing will open the way towards $ 11.83 and 14.08 $.
We can observe a growing volume, however, with a predominance of red candles, the CHOP index indicates a small accumulation, the MACD is close to indicating a change in the trend to an upward one, while the RSI also shows that we have gone down to low levels and are now starting to show small increases.
LINK USD Support levels and trendSome key support levels here and worth keeping en eye to see where this goes. One of the favourites during the last bull market. I would expect some more downward action over the next few weeks we are not ready for loft off yet but follow me to keep updated with charts
Long Entry at Strong LT Support Zone for CHAINLINKGreetings, Snipers!
LINK has been consolidating sideways from $5.30 - $9.50 since May 2022
Two long-term trendlines from 2020 have been well-respected as support. As you know, the longer the time-frame, the more reliable the signals.
In the shorter time frame, we can trade this sideway channel:
We can take a long-entry now, at $6.00, and sell at $9.00 for a Risk-Reward ratio >3 (SL at $5.20).
If Bitcoin cannot hold the current support, we may see Link drop to the next support at $4.30.
Hope you enjoy my first post! I wish to give back to the community, more or less, after lurking around for so long :)
Happy Sniping!
LINK - The Bearer of Bad News & Great NewsLink has been hovering around the 0.382 fib retracement for quite a while, tested it 3 times, i never trust the 4th nor the 5th test on a support line.
"Stop talking gibberish and give us the bad news nah"
Bad Nus: $LINK will go down another 80%-90% :D before this bear market is over.
Great Nus: $LINK will be a $1k-$2k token at the peak of the next Bull Run.
- Weekly MACD (Bearish)
- Weekly Pekipek's Divergence BETA (Bearish)
- Weekly RSI (Neutral)
- Weekly Stochastic RSI (Neutral)
- Weekly Cipher (Bearish)
- Weekly OBV (Bearish wtf OBV r u in distribution mode?)
LINK quick trade and for investmentHI guys... i hope you all are fine... keep on eye on ( LINK ) we can see one quick trade on future and also have a zone for long term investment on spot trading...
For long term investment best zone for buy is ( 4.90 to 4.60 )
AND
For quick trade we will see a jump from ( 5.70 to 5.90 ) and you will make your target with your own research...
NOTE:
Do your own research.... I'm not a financial advisor....
LINK Short idea - Just under a KEY Resistance levelstrong support and resistance level at 0.3026
not recommended to enter now or on the break of mentioned level
due to recent attempts
buying the retest is safer
dotted lines provided to show
why i picked my areas for targets
notice the dotted lines are under
candle bodies and wicks
price movement prediction
Price Prediction
not financial advice
this is for entertainment purposes only
always DYOR
BRIEFING Week #51 : Probably the last of 2022 !Here's your weekly update ! Brought to you each weekend with years of track-record history..
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Phil