LINKUSDTNice and easy short here! All the oscillators are in the red, and the price seems to be dropping. It's a good opportunity to take a calculated risk and enter a trade.
LINK
LINK/USDT SCALPHi.I hope you have good time.As you can see in the chart, I expect a decline to the range of 6.96. A Order Block on the price of 6.96 can cause an upward jump. Taking a short position at this price can be done by getting confirmation. If you like this analysis, please like and follow
Chainlink's Breakout Ballet?Unveiling a potential crescendo, Chainlink (LINK) pirouettes around a bullish narrative on the crypto stage this October 5, 2023. The meticulous choreography of a 'cup and handle' formation on the daily chart hints at a grand leap awaiting at $7.79. As LINK twirls at $7.732, marking a 4% ascent in the last 24 hours, the spotlight sharpens on the breakout threshold.
The market orchestra tunes to a bullish melody as the technical indicators harmonize with LINK's dance. The golden crossover between the 50 and 200-day Exponential Moving Averages casts a hopeful spotlight, while the Directional Movement Index (DMI) echoes a strong momentum despite a minor quiver.
In this performance, the high and low notes are marked by:
- Resistance Levels: $7.79, $10.00, $12.75
- Support Levels: $6.97, $5.85, $5.66
Amidst a chorus of mixed sentiment, with a Fear & Greed Index score of around 50, the audience holds a breath of cautious optimism. As the curtains of the market drama flutter, will LINK soar in a bullish ballet towards $12.75, or tumble to the bearish depths of $5.66? The baton trembles at $7.79, awaiting to cue LINK's next act in this market theatre, with eyes glued to the unfolding narrative and ears tuned to the market's rhythm, the breakout at $7.79 could be the opening act of a bullish symphony or a bearish dirge.
LINKUSDT - 05/10/23LINK
NOTES:
We look like we are ready to take off here from a cup handle on the 4hr, if BTC breaks out and does the move I'm in the trade for then this will break $8 today!
Targets:
Bullish: $8.80 then $9.50 are my take profits if BTC pumps or this breaks the SUPPLY at $8!
Bearish: $7.00 could be a last leg down before they push up and break if the handle I made doesn't hold I will not take this trade unless the handle breaks and tests!
Chainlink Bottom Is In. Range Breakout PendingChainlink BIST:LINK has been in an accumulation range for over 500 days. The breakout is coming soon. My bags are packed.
LINKUSDT - 04/10/23LINK
First out the traps for a pullback to test the $7.70 area will see what the pullback to the 50 EMA will be for an entry on the 15 minutes for scalp!
I want a bounce then ill look to enter again until the high!
02/10/23 Weekly outlookLast weeks high: $28351.8
Last weeks low: $27165.3
Midpoint: $25978.9
As September and with that Q3 comes to a close BTC saw a late price rally of 4.4% in a single hourly candle to finish the month strong.
Going into Q4 I still expect a sell off and revisit of the yearly open. With credit card debt at levels comparable to that of the 2008 financial crisis, as well as a 22-year high for FED interest rate, no confirmation of ETF approval and still 6 months out from the halving. These points all lead me to believe there will be one final flush out.
For this week I'm looking for weakness in BTC to potentially go short, however the stop loss would be tight. 32.5K is still a massively pivotal and would be a key area to watch.
ALT's such as LINK have served as a top signal for BTC in the past, currently LINK has rallied 40% in the last 2 weeks to reach local high, if the pattern stays true then that could be an early sign of where the rest of the market will end up in the coming weeks.
CHAINLINK READY FOR TAKEOFF!CHAINLINK READY FOR TAKEOFF!
Link is the leading oracle and has no real competition, this project will make it to near all time highs in the next 6-12 months and will retest perfectly unless there are any blackswan events in our economy.
Global corporations and enterprises are ready to adopt a blockchain standard and will do whatever it takes to get clarity before this next bull run.
Im expecting chainlink to make definite partnerships with top organizations on the globe and have the potential to have its own ETF or be apart of an ETF.
Chainlink is in a group by its self and theres only a couple projects out there that actually provide real world use-case and LINK is one of the best.
This asset is tightly following ETHERs 2017 bear cycle which lasted 790 days from the previous top. This resulted in ETHER having a massive blow off top and with things rhyming so closely, I believe that chainlink is poised to be upward of $200-$500 if we get lucky.
If this doesn't happen in this bull cycle i still expect to see these price levels by 2030-2031
because crypto cannot survive right now without Link and that gives it enough use-case as BTC does or more in this current day in age where Utility is needed and foundation has to be established to meet industry standards.
LINKUSDTThis is a 1D frame analysis for LINKUSDT According to the previous analysis, the price has advanced and is now close to a resistance area and we can see the potential for growth, but if it can break above the first resistance line we expect it to start moving towards the second resistance line. However, if it fails to hold above the resistance line and we have a pullback, we can expect price to be supported in the desired support areas.
LINK/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this LINK/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- chainlink (LINK) was also in the green rising to a multi-week high of its own.
After falling to a low of 7.26 LINK/USD surged to an intraday high of 7.82 during today’s session.
today’s peak pushed the cryptocurrency to its highest level since August 9.
the rise occurred as price strength moved past a resistance level of 67.00, with a current reading of 67.22.
LINK bulls are now likely looking to hit a ceiling of 8.00, as the 10-day (red) moving average maintains a recent uptrend.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
Full Breakdown of LINK | Breakout? | 1H, 1D, 1W Charts | NewsLINK Integrations, SHIB vs LINK
LINK, the Chainlink coin, has been the topic of the hour with many still under the radar wondering what the hell it is, and why is it up 16% this week while other alt coins are far behind? To put it short, Chainlink's CCIP (Cross-Chain Interoperability Protocol) has everything to do with it, and with Chainlink reaching a new milestone announcing 10 new integrations with blockchain networks including names like Avalanche and Ethereum, it's bout time you hop on the new evolution of Web3.
LINK is also on it's way up the ranks, with SHIB being one of the biggest meme coins now sits bellow LINK. Bringing LINK to 18th place.
1D Chart
- Wyckoff Distribution: Here to show the phases that which we reside, as you can see we are well past Wyckoff Distribution and are now at a level of support (4.7)
- FIB: We have been sitting here for over a year in consolidation. There has been a consistent pattern where we hit the 0.236 retracement then pullback for a couple months, as you can see we are reaching the level once again for a fifth time.
- Parallel Channel: Shows a steady decline
- Volume: Low trading volume meaning possible breakouts
- RSI: Relative Strength must stay above 40.00
- SMA: What help is this anyways lol
- Elliot Waves: Thought I should include the Elliot waves (ABC) because it was a pattern I was seeing since the last hit of the 0.236.
1H Chart
After crashes both in spring and summer, it was followed by a bullish rally. Both lasted 52 days before there was an uptrend.
- FIB: Summer rally hitting retracement levels, keep eyes out for any rejections
- Indicators: Northing much matters, just keeping an eye on 200 SMA to see if it still plays as a level of support (Summer)
1W Chart
- Stock RSI: Uptrend, getting ready to hit parallel channel and 0.236
- RSI: Probably the biggest thing to point out in this entire analysis is the Bullish Divergence
Bonus Chart
- Please tell me your thoughts in the comments of my analysis where you think the price is going, as it would help me out to make more of these! Thanks!
LINK/USDT possible scenarios what next?👀 LINK Today Analysis💎 Paradisers, let's delve into #LINKUSDT, which currently presents two distinct trading scenarios within a tight structure.
💎 Currently, #LINK has been rejected from a daily resistance level for the third time, making it likely to retest its support level, potentially dropping by -8.95%.
💎 The support level at 5.779 of #ChainLink serves as a key reversal zone. Should the price retest this level, a bullish move is expected. However, if the support level is breached, consider a short entry. Your take-profit (TP) should be set slightly above the invalidation level.
💎 In both scenarios, it's advisable to set your stop-loss at approximately 1.75% of your margin to safeguard your portfolio.
Keep your charts updated and Stay one step ahead of the market 🌴
LINK: About to reach a year-long resistanceIn this chart, BINANCE:LINKUSDT is inching closer to a critical level wherein the coin is about to touch a year-long resistance line dating back to June 2022. The highlights shown are the instances of the price breakout rejection, making it the strongest resistance for the year.
In my view, a breakout is possible if we see a candle confirmation along with a good buy volume and other indicators continue showing bullishness of the coin.
What should we do then if it breaks out? Identify your nearest support. I would do the process by backtesting as well as plotting retracements, and presented in horizontal lines are the potential resistance lines based on mentioned processes, a given of which is the Fibonacci retracement of .382 level from its all-time high (ATH) to its low level of approximate $7.60.
On the other hand, a rejection could happen based on the RSI being near the overbought territory, an indication of potential selling. For visual reference, check the vertical line on the July 2022 price.
Should you trade this coin now? You could do a scalp if you have the setup, scalp long for me since the trend is still upwards. For intraday traders like me, I would wait until it hits on the resistance line or common support breakdown.
Always have a plan whenever trading by identifying our take profit areas and stop loss. Happy trading!
Weekly Imbalance Filling for CHAINLINK 🚀💼In the ever-evolving world of cryptocurrency trading, recognizing unique opportunities is essential for success. One such opportunity that often goes underappreciated is the concept of weekly imbalance filling. In this post, we'll dive into what weekly imbalance filling means and why it's crucial, especially for assets like LINK, which hold significant growth potential.
Understanding Weekly Imbalance Filling: A Hidden Gem
Weekly imbalance filling refers to the process of fulfilling previously unmet market orders, typically those accumulated during weekly price gaps.
These gaps represent levels where market participants have unexecuted orders, creating a potential catalyst for price movements.
Why It Matters: The LINK Perspective
Chainlink (LINK), known for its innovative decentralized oracle network, is an asset with substantial growth potential.
Recognizing the power of weekly imbalance filling can be especially beneficial for LINK traders and investors.
The Potential Benefits: LINK's Growth Catalyst
Filling weekly imbalances can act as a strong catalyst for LINK's price appreciation.
By addressing these gaps, the price often experiences upward momentum as market orders are executed.
How to Leverage This Opportunity: A Game Plan
Identify Imbalances: Use technical analysis to locate weekly price gaps or imbalances on LINK's chart.
Monitor Closely: Keep a close watch on these levels, as they may serve as key turning points for LINK's price.
Trading Strategy: Develop a well-thought-out trading strategy that incorporates weekly imbalance filling as part of your decision-making process.
Risk Management: Always employ sound risk management practices to protect your capital.
Conclusion: Seizing the LINK Opportunity
In the dynamic world of cryptocurrency trading, it's crucial to stay vigilant and explore all potential avenues for profitable opportunities. Weekly imbalance filling represents one such avenue, and when applied strategically, it can serve as a powerful catalyst for LINK's growth.
Chainlink's unique position in the blockchain ecosystem and its ongoing development make it a prime candidate for benefiting from this phenomenon. By understanding and harnessing the potential of weekly imbalance filling, traders and investors can position themselves for success in the LINK market.
Remember, while this strategy holds significant potential, it's important to combine it with comprehensive analysis and disciplined risk management for a well-rounded approach to trading LINK. 🚀🔗🚀
❗See related ideas below❗
Like, share, and leave your thoughts in the comments! Your engagement fuels our crypto discussions. 💚📈💚
LINK RANGE BOUND - BUT FOR HOW LONG?Have been monitoring link in this range for some months...the weekly range is clear as day.
WEEKLY
weekly price action is showing that the upper key area (red) is being rinsed out... everytime a wick moves into this area it is sold off. Now looking at the first three times price has entered, it has produced an engulfing candle, showing strong reversal, to lower end of the range, which is around 35% move... a move to the upside of the range is around 55%. So do the math. We have also been chopping in this range and managed to push out to the downside and tag the previous high (purple) which never got tested on the way up.
The Green line - 'trendmaster / E9 sTM' flashed green on the past impulse leg up, as an entry rule when this switches we enter on a retracement, we have retraced all the way down to lower end of range and hovering above the level. E9 Overwatch is neutral.
DAILY
So on the daily i am currently monitoring this orange fibb / accumulation zone, we can see the bottom of the weekly range (whiite line), There are buy signals (light green candles) appearing from the Overwatch MFI. Just by looking at the price action i can see on a lower timeframe there is some accumulation patterns happening. his is in and around the area for previous impulse POC area. Something else to take note of is the recent Bearish engulfing candles do make me pause for concern.
Moving forward would like to see a confirmation of a nice Bullish engulfing candle on the daily chart, when this happens i will update this and we can monitor moving forwards.
BRIEFING Week #39 : Something is Brewing, be Cautious !Here's your weekly update ! Brought to you each weekend with years of track-record history..
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
Kindly,
Phil
LINK - new bull run started?Hello, everyone!
Today a lot of traders making analysis on BINANCE:LINKUSDT because it has suddenly pumped against the entire market. Could this coin be already bottomed or new lows are incoming?
Looking at the price structure since ATH we have the clear EW counting. Global ABC correction is represented here as a classical zigzag. Wave C in this case should has 5 waves. Minimal Awesome Oscillator value corresponds to wave 3 and current flat is the annoying wave 4.
Technically bear market could be finished because we have already seen the bullish divergence and lower low, but Bitcoin in my opinion should dump and I cannot understand how altcoins can pump against it. That's why I expect another one lower low in the wave 5.
📢Smash like button and follow us to never miss an update
LINK could drop soon very soonWe have a bearish CH and two cleared zones on the chart. After clearing the buy orders, the link is returning to an area where there are many sell orders. By dealing with this area, I expect a good rejection from LINK.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
LINKUSD: On the rise in the middle of this Channel.LINKUSD is trading inside the 0.5 - 0.618 Fibonacci range of the 18 month Channel Down pattern. The 1D technical outlook is slighly bullish (RSI = 58.592, MACD = 0.070, ADX = 30.217), which means that even though we are not at the start of this uptrend, there is still upside left.
The current rise was achieved after a Low on the 0.786 Fibonacci level. Inside this Channel, every time LINK held and rebounded on the 0.786 Fibonacci leve, it reached at least the 0.236 Fibonacci level. This indicates a sizeable upside profit to be made still. We are long, targeting the 0.236 Fibonacci level (TP = 8.12500).
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
#LINKUSDT will give last chance for buyingLINKUSDT will give last chance for buying.. It will may got ot target . But not in days, may be in months (3,4 ) month..
LINK: new HTF analysisMy previous TA on LINK was correct on daily timeframe but the spring hat was created wasn't enough to break the range because it was too small for a weekly/monthly BoS. As a consequence you can see LINK being in the same range after 500 days. Here you can see my new updated TA.
So basically it keep being time to accumulate either link in DCA or to have a good supply of stablecoin ready to buy LINK when the range will break downward in order to create a spring which will push the price over the range and toward new highs (when bull market will be fully among us).
Good luck
LINK: Resistance BreakoutChainLink (LINK) technical analysis:
Trade setup : Price bounced off of $6 long-term support and broke back above 200-day moving average (~$6.70), which could signal potential bullish trend reversal with upside to $8.50.
Trend : Uptrend on Short-Term basis and Downtrend on Medium- and Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $6.00 (previous resistance) then $5.00. The nearest Resistance Zone is $8.50, then $9.50.
ChainLink Analysis For long-termHello Traders, here is the full analysis for Chainlink
let me know in the comment section below if you have any questions. I suggest you keep this analysis on your watch list and see what will happen and will my analysis will happen!!!
Today I want to talk about LINKUSD in a daily time frame
Before that, I want to remember It's not financial advice.
I'm just sharing my view and opinion of the chart. Please see and think about that. The situation is so complicated.
I will tell you the best zone to buy and hold Chainlink for the long term to get a huge profit.so, please be patient.
As you see in the chart, I want to explain everything by the Fibonacci Channel. Because it's so simple and easy to show you.
I draw 3 Green Zone to show you all the support zones. I believe that the first green zone will be broken. Sooner or later but it's sure.
So let's focus on the second one. I think it could be a strong zone to support the price but I think the market maker do anything to lose that to the third support zone.
I'm sure the 3rd green zone is the best place to buy and hold link for long term. it's really my favorite place. I will put my orders in this zone. because I believe that the future of Chainlink is bright.
If you have any questions, please don't hesitate to contact me.
Wish you the best
Sincerely Yours
Ho3ein.mnD
