Chainlink (LINK) - October 10Hello?
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(LINKUSDT 1W Chart)
Whether or not it can move higher than 11.064 is key.
To do that, we need to make sure we can keep the price above 6.7.
(1D chart)
1st resistance: 8.290-8.822
2nd resistance: 9.869-11.064
Support: 6.7-7.411
If it finds resistance after falling from 6.7, I would expect it to move towards the 4.976 area.
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** 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.)
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D-LINK
LINK: $6.5 is still a targetThere has been some positive news for Chainlink during the previous week, as news reported that Two Sigma Securities, one of the leading crypto hedge funds, will start cooperation with Chainlink by providing data, which includes swaps, options and other information related to derivatives. At the same time, there has not been a market reaction on the price of the LINK, as markets were generally traded flat during the week.
At the beginning of the previous week, LINK was testing a $7.0 support line. Without strength to clearly break it, the coin reverted to the upside to test the resistance line at $8.0. However, at this point there has not been strength to move above this level. LINK is ending the week around $7.4 level. RSI tried at one occasion to cross the 50 level and head toward the overbought side of the market, however, it soon reverted back to the level of 50. Moving averages of 50 and 200 days are currently moving as two parallel lines, which means that the golden cross is still on hold.
For the second week in a row, charts are clearly pointing to the $6.5 level as the next target for the coin. During the previous week this level has not been tested, so it is postponed for the week ahead. On the opposite side, there is some probability for the resistance line at $8.0 to be tested for one more time.
LINK - AnalysisDuring the last week, LINK approached the 8% resistance range with a 5% increase in price, but the selling pressure that occurred in the market caused the price of this currency to decrease. In the weekly period, we see the range trend on the support ranges. But the ceiling of the long-term descending channel is broken, and if it can stay above the $7 level, the possibility of price growth will increase to the resistances of $8.4 and the $9.5-$10 range.
The LINK trend in the 4-hour frame team has ranged between two support and resistance ranges. The support is at the price of $7, and its resistance is in the range of $8.20 to $8.5, which we can expect a positive reaction if the price hits it. For the short term, the price from the support range of 7.37 to 7.50 dollars can have an upward movement towards the indicated resistances.
LINKUSDT / 4H
#LINKUSDT
Currently, the price is in an important range. In order for the positive fluctuation to continue, the price must be stabilized above the range of $8, so that we can see growth up to 8.50.
But there is one point that the price is still lower than the second LOW that has been identified. If this range is lost, we may see further correction.
LINK/USDT - LONG 1D CHART----- Welcome, dear followers! -----
- Here is my trading methodology. I trade with a normal system and analysis of resistance and support, as well as price reversal patterns.
- For the record, I do not place a stop loss within my trades. So that I only risk 1.5% of my total capital in order to support the loss due to a price reversal against me.
- If a price reversed against my expectation and touched the drawn line r3, then I transferred targets to the entry point and waited for the price to close at it with a loss equal to almost zero.
- Today's deal is shown in the chart, and here are the entry and exit points below.
-- Support me with numbers and follow up on my account for other deals in the future. Thank you for coming to this part. --
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⚡️⚡️ LINK/USDT ⚡️⚡️
Exchange: Binance Futures
Trade Type: Breakout (Long)
Leverage: Cross (1.0X)
Entry Orders:
1) 8.176 - 100.0% (54.9606 USDT)
Take-Profit Orders:
1) 9.065 - 80.0%
2) 9.976 - 19.999%
Trailing Configuration:
Stop: Breakeven -
Trigger: Target (1)
Chainlink (LINK) - October 1Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Boost".
Have a good day.
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(LINKUSDT 1W Chart)
The key is whether you can climb to the 11.976-15.374 section.
(1D chart)
Primary resistance: 8.290-8.822
Secondary resistance: 9.869-11.064
Support: 6.7-7.411
We need to see if we can get support in the 6.70-7.411 section and move up to 8.290-8.822.
If it falls below 6.7, it is expected to decline to around 4.976.
As the Stoch RSI indicator is on the decline, it looks like we will soon enter the oversold zone.
If you enter the oversold zone, it is important to find support in the 6.7-7.411 zone when you break out of the oversold zone.
If supported, it is expected to move higher along the short-term uptrend line.
------------------------------------------------------------ -------------------------------------------
** 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.)
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Chainlink : The 4th Industrial RevolutionToday H₿ Capital is analyzing LINK based on a (2W) chart 📈
What is ChainLink ?
Chainlink is a decentralized blockchain oracle network built on Ethereum. The network is intended to be used to facilitate the transfer of tamper-proof data from Off-chain sources to On-chain smart contracts.
This solution is important because currently, most smart contracts are “isolated” on the blockchain, which means they can only interact with other contracts on that same blockchain. This limits their usefulness, because in the real world, data doesn’t live on just one blockchain. In order for adoption to truly take hold, different systems need to be able to talk to each other in a seamless and secure way.
Chainlink solves this problem by providing a way for smart contracts to access data from off-chain sources. This data can be anything from cryptocurrency prices to weather data or even individual identity information. In 2021 Chainlink has signed Eric Schmidt, Google former CEO, as a strategic advisor.
Recently, the Interbank messaging system "SWIFT" has partnered with price oracle provider Chainlink to work on a proof-of-concept (PoC) project which would allow traditional finance firms the ability to transact across blockchain networks. To fully understand the extent of this partnership, remember that SWIFT is the most widely used interbank communication platform for cross-border payments. In particular, it connects more than 11,000 banks around the world and records an average of more than 40 million daily transactions (are you bullish now ?).
Technical Analysis
What we can see :
- LINK made a complete Elliott Cycle started in June 2018 with the first leg of the impulsive wave (1,2,3,4,5)
- Back in may 2021, following the bitcoin crash, Link started its " A B C" corrective wave movement in a "regular flat" structure (3,3,5)
- By using Fibonacci retracements from the beginning of wave 1 (0,16$) to the top of wave 5 (52$) we can see that prices have stabilized on the 0,886 fib level (which generally indicates a potential bottom).
Reasons to be bullish :
- The spreads (long / short) are very low
- Prices closed above the Tenkan and seem to hold it
- Prices break the first downtrend line
- MACD seems ready to initiate a bullish crossing
- The slow stochastic wants to leave the oversold region
So regarding all of the above informations, it seems that Link is ready to start a new Elliot cycle (1,2,3,4,5 / ABC)
Two scenarios we can expect :
Case #1 : Bulls
- Prices take support on the Tenkan and break with conviction the 10$ area where we have a massive resistance (Kijun + SSB flat alignment)
- RSI closes above level 46,67 / The stochastic closes above the oversold region / MACD crosses bullish
R1 ----> Kijun flat (22$)
R2----> Second downtrend line contact
R3 ----> SSB + Kijun flat alignment : (28$)
R4 ----> ATH (52$)
TP1 ----> 89 $ (1,618 Fib level)
TP2 ----> 142 $ (2.618 Fib level)
TP3 ----> 194 $ (3.618 Fib level)
Case #2 : Bears
- Prices close below the Tenkan and below our first downtrend line.
- RSI fails to break the 46,67 level / Stochastic fails to leave the oversold region / MACD doesn't cross bullish
TP1 ----> 6,14 $ (0,886 Fib level)
TP2 ----> 4,57 $ (Top of the biggest VPVR bar)
TP3 ----> 3,46 $ (VPVR - Point of control)
Good luck traders, may the crypto be with you 🍀
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LINK, DOT, FIL & ICP - Coincidence ?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
I find these 4 altcoins interesting.
📌LINK, DOT, FIL and ICP have been stuck inside a range 5.0 and 10.0
For the bulls to take over, we need a break above the 10.0 round number and resistance.
Meanwhile, as we approach the 5.0 round number / demand zone, we will be looking for short-term buy setups.
What a coincidence! or is it? 😉
What do you think? Is there any correlation among these 4?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Hunter's Rally The next full moon is Hunter's moon on October 9th 2022 at 10pm right on the next Fib Time sequence also right at the end of the triangle.
All things are aligning together , when the universe aligns things like this , its is a very special moment that must be taken advantage of.
I do not have a logical explanation of what is occurring right now , all I do is trade it , it happens a few times every Bitcoin cycle and this is one of them.
The next rally starts with Chainlink leading the market , the LINK/BTC dominance will break out on the full moon date also.
If you want to check out trading plan for this move click the TA below.
Things just line up together mostly under the start of full moons ,if you don't believe you will soon.