LINK Looks Juicy LINK has been accumulating for quite some time now - just bouncing in this range preparing for a large move imo.
Would look to enter on a retest of the mid-range or breakout above and retest - currently in no mans land with any real good entry location.
But on a higher timeframe this looks ripe to rip up to the target above at some point.
Annotations also on the chart!
Cheers
D-LINK
LinkFinally Showing Lots Of Bulish Signs
InDaily Timeframe Descending Trendline Has Already Broken
Wait A Bit
Actually Link Breaks 2 Patterns In Daily Tf
2nd Is Symmectrical Triangle And Both Patterns Are Already Broken
Lets Have Look At Indicators
100 Ma Has Also Cracked Yesterday
Rsi Also Breaks Ling Range To The Upside
Lets Summarized Our Analysis
Link Is TRying To Tell Us That He Wanna Fly Now
Looking Very Good For MIdterm Buy And Hold For Few weeks Or Even Months For minimum2 or 3x
LINK AnalysisHello Dear, as we can see in the chart, Link kind of broke the daily down trend line but it's not moving toward upper resistance yet.
instead formed another dynamic downtrend in which is clearly visible in 4h timeframe.
If it breaks that up and give us confirmation, we can go long. otherwise we are short now.
LINK: time for short reversalFor some time charts were pointing toward a $6.5 short term support line which needed to be tested, and finally, LINK managed to reach this level during the previous week. The coin had to test this level in order to revert shortly back to the upside. LINK started the previous week at level of $7.3, which is the highest level reached during the previous week.
RSI tried to reach level of 50, but it soon reverted to the downside and lowest level around 38. The markets are still standing closer to the oversold market side, without a strength to make a breakthrough to the opposite side. Moving average of 50 days continues to move closer to its MA200 counterpart, with a decreasing difference between two lines. This is a positive movement, as it points to some potential for a golden cross to occur in the short future period of time.
Current charts are pointing to the $7.0 resistance line, which should be tested in the coming period. Whether this level will be broken to the upside, is unclear at this moment. First it should be taken into account that there are generally decreased trading volumes on the crypto market. Investors are reluctant to enter into position, due to unstable macro fundamentals. On the opposite side, there is lower probability for LINK to test the $6.5 short support line for one more time.
Chainlink (LINK) - October 19Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
(LINKUSDT 1W Chart)
The key is whether you can climb to the 11.976-15.374 section.
To do this, it is necessary to check whether it can be supported near 6.7.
(1D chart)
Resistance: 8.290-8.822
Support: 6.7-7.411
The key is whether it can find support at 6.7-7.411 and move above 7.605.
To do that, we need to make sure we are breaking out of the downtrend line.
Otherwise, it is expected to drop to around 4.976.
------------------------------------------------------------ -------------------------------------------
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator contains indicators that indicate support and resistance points.
** SR_R_C indicators are displayed as StochRSI(line), RSI(columns), CCI(bgcolor).
** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
---------------------------------
LINK's Situation Right now Hi. LINK is in a Bullish Parallel channel . This Means The Price is gonna be Bullish (at least for a while) . So Right now the Price is at the Bottom of the Channel and We expect the Price to Increase to The Top of the channel. The price might wanna retest The bottom of the channel and Than Start the Bullish Movement. In any case 8.735 is the Target.
Good Luck With your Trading!
LINK: $6.5 is still waitingDuring the previous week the price of LINK was influenced by the general negative sentiment on the market influenced by the uncertainty over macroeconomic situation in the US and its spill over on the rest of the world. Highest weekly level was reached on Monday at level of $7.7, and for the rest of the week the price was moving with a down trend to the level of $6.8. On US inflation release, the price moved to the level of $6.3, however, it swiftly reverted back to previous levels.
RSI made incremental moves between levels of 46 and 40. The market is still more oriented toward the oversold side, which opens a space for a price to move more to the down side. Moving average of 50 days started shy conversion toward MA200 counterpart. Still, the golden cross is on a long stick.
Support line at $6.5 continues to be an active point on charts for some time now. Whether this level will be reached in a week ahead is to be seen, but there is some probability for such a move. On the opposite side, there is equal probability for the $7.0 resistance line to be tested one more time.
Is the bear market over for DIA? $2.388 on the horizon?DIA is one project I've followed for a while now. I did my fundamental analysis and at the same time followed the price closely, making some incredible gains trading intraday.
For those who don't know what DIAdata (DIA) is, it's one of the web3 data oracle projects in the space. You can find more about this project at DIA official website. It's one of the top Chainlink LINK competitors.
A recent analysis I made on DIA shows that the asset could be on its way to $2.388 in the coming weeks to months. It currently trades at $0.397 at the time of publishing this analysis.
On the weekly chart, DIA has formed a descending wedge; in this case, signals a bearish reversal for the DIA asset.
The target is always the top of the wedge which in this case - is $2.388.
Remember, this analysis is based on the weekly time frame and may take weeks to months to finally hit the desired target. There's also a possibility that we make further lows or play sideways before we finally head towards the target.
What's your take on this, I'll like to know your view.
Link will bleed (short)Clear chart for my previous analyze (you can check in related ideas)
for Now, the best position is short, we are under supply zone
wait in the supply and demand zones and make your decision,
my decision: I am in a short position and I am sure if goes up it can bleed more and more...
The daily demand zone is valid for long setups.
LINK : Bearish setup here...Link is trading inside a bearish pennant like pattern and if price breaks below the trendline, Expecting more downside for Chainlink.
Traders can keep manual stoploss of hold above 7.2