LINK
$LINK Trend Change In ProgressLINK has been in a compressed sideways range ever since June 2022- nearly 10 months. Many other top 10 and top 20 tokens have made significant returns after Bitcoin's victory bounce back in January, but LINK has been forced to stay below the 0.236 Fibonacci line (at $9.126).
But one thing our indicator, the "TBO", is telling us is that a trend change has been in the works since the week of January 23, 2023, indicated by the green X. "TBO" Cross Up symbols on longer time frames give us an advanced alert that the trend could be making a sudden shift in the next several candles. These shifts don't happen right away, but as you can see from the "TBO" Cross Down (red X) that happened back in October 2021, the price eventually turned bearish.
One other important detail to note about the "TBO" Crosses is that these symbols change the color of the "TBO" Cloud, introducing a gray color. This gray color is an indication that the trend is beginning to change directions.
Once the price of LINK closes above the 0.236 Fibonacci retracement, we expect the price to turn bullish and start hitting the higher Fib targets. Until that happens, we are mildly bullish on LINK.
*Note: the "TBO" is enclosed in quotations because an existing ticker (TBO) could lead to some confusion.
Quick look at LINKHere's a quick look at the LINK daily chart. As we can see, the price is trying to hold above the resistance zone, and if the price manages to sustain its position above the resistance zone, then a move to the red trendline is likely to happen! Therefore it is recommended to monitor the resistance zone in case it does sustain its position above it!
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BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
Chainlink (LINK)LINK doesn't need any introduction; it has a great project, a great community, and has also given great growth. It seems the corrective wave has ended at 0.382 Fibonacci retracement and now the price is about to break the consolidation triangle-shaped area. Let's see how things unfold.
LINK/USDT BREAKOUT! LONG SCALP SETUP!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this LINK/USDT trade setup.
LINK looks good here. Breaks out from the ascending triangle in 4hr time frame. Expecting a 15-20% pump from here. Long some here and add more in dips.
Targets:- $8.26/$8.96
SL:- $7.40
Lev:- 5x-10x
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Thank You!
LINKUSDTLINKUSDT
Thoughts
The price has been moving in the accumulation zone for almost a year. The exit from such zones is very often given an upward impulse, so that a major player can reset his positions. Now the price has approached the local resistance zone inside the consolidation.
If BTC continues its upward movement, then we will see both a breakout and the possibility of exiting upward from the consolidation.
For ease local targets were marked on the chart.
☑️Targets: $11.12 - $13.08 - $14.45
However, we focus on the situation. Always look at the market globally and adjust to the general mood.
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LINK BUY SETUPHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the LINK symbol.
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
SasanSeifi 💁♂️LINKUSDT /LONG VIEW 👉3D ⏭$8.50/$9.50 ⬆ Hello everyone ✌ As you can see, in the long-term of 3 days, the overall trend is fluctuating between $5.34 and $9.50.Currently, the price is trading in the range of 7.50 and it is above the EMA 60 range.
. Considering the behavior of the candles and the breaking of the dynamic resistance, we can expect that the price will continue to grow up to the range of $9.50 if it stabilizes.
Possible trends are indicated on the chart.
Keep in mind that for a positive trend scenario, it is very important to stabilize the price above the $8 range.
The important support range is $7/ $6.35.
❎ (DYOR)...⚠⚜
What do you think about this analysis? I will be glad to know your idea 🙂✌
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LINK above the Daily EMA200LINK has managed to rise above the 200-day moving average in the daily time frame. This movement is expected to be accompanied by a long-term bullish wave to the price of HKEX:12 and $18. Try to make your purchases step by step in the current area with low risk and hold until you reach the specified targets. Consider below the support area as a stop loss.
✳️ Chainlink vs Bitcoin Long-Term Higher Low | Trade or Learn?You need multiple signals to reach a conclusion...
Should I just go straight to the numbers, the chart with its potential or explain the signals?
Because one way is like teaching/learning, the other one is like showing an opportunity/trading.
12-April ends in a Doji with a perfect (-9), that's the TD Sequential indicator:
This is followed by three green candles, rising volume, bullish divergence with the RSI as the RSI moves above 50.
New low yet above 50 that's a very strong signal.
Also, we have multiple bullish signals and that's all we need.
Finally, the long-term higher low on the main chart.
That's it!
LINKBTC goes bullish.
Enjoy your weekend.
Namaste.
History Repeats Itself with LINK?I have two different trading channels highlighted on the chart. The first predates the post-corona bull market. The second shows a long period of consolidation on the Chainlink weekly chart.
The first channel lasted for a year before LINK exploded to ATH over $50. The second channel marks a year in May 2023. Chainlink has completed a full market cycle and if this period of consolidation matches the last one, we'll see some explosive moves upward from Chainlink sometime in the next six weeks. This upward move should find resistance at the 200MA, but that will also come about 2x from the current price point.
Enjoy, NFA.
LINK/BTC - Chainlink: BBand_Breakout◳◱ A Bollinger Band breakout has been identified on the BIST:LINK / CRYPTOCAP:BTC chart. The price has moved outside of the upper Bollinger Band, indicating a potential bullish trend. The next resistance key levels are located at 0.0002629 | 0.0002714 | 0.0002847, and the major support zones can be found at 0.0002496 | 0.0002448 | 0.0002315. Consider buying at the current price zone of 0.0002577 and targeting higher levels.BBand_Squeeze
◰◲ General info :
▣ Name: Chainlink
▣ Rank: 21
▣ Exchanges: Binance, Kucoin, Huobipro, Poloniex, Bittrex, Kraken
▣ Category/Sector: Services - Data Management
▣ Overview: Chainlink is a decentralized oracle network. It aims to serve as a middleware between smart contracts on smart contracting platforms and external data sources, allowing smart contracts to securely access off-chain data feeds.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.0002577 ₿
▣ 24HVol: 151.488 ₿
▣ 24H Chng: 2.588%
▣ 7-Days Chng: 9.90%
▣ 1-Month Chng: 17.55%
▣ 3-Months Chng: 17.09%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.0002629 | 0.0002714 | 0.0002847
◢ Support: 0.0002496 | 0.0002448 | 0.0002315
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 1.58
▣ Last 90D: 1.09
▣ Last 1-Y: -0.25
▣ Last 3-Y: 0.78
◲◰ Volatility :
▣ Last 30D: 0.67
▣ Last 90D: 0.68
▣ Last 1-Y: 0.93
▣ Last 3-Y: 1.17
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.59 - Bullish
▣ Reddit sentiment score is 0.87 - V. Bullish
▣ In-depth LINKBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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$LINK Accumulation Range
Crypto and a fave of mine, Chainlink .
$LINK has been in a range for almost a year. With crypto in general moving up in Q1 of this year this is one to watch.
There is a diagonal resistance from Aug 2020 on the horizon. Diagonals over a long period are ones to watch and a flip here could see buyers rush in.
This is probably a good place to accumulate but if you want to wait for a breakout to trade, you have two areas:
1. The flip of diagonal resistance
2. Breakout from the range top.
Link is definitely one to watch.
Big Chainlink Move IncomingChainlink has been trading in a range for over 322 days. However, despite this prolonged period of sideways movement, there is an exciting development taking place in the background. Massive bullish divergence has been forming since July 2022, when the histogram changed color.
Over the past thirteen 3W candles, momentum has been slowly building, culminating in the first ever 3-week bullish cross last week, even as the price has continued to decline. This type of bullish divergence is typically a precursor to a significant move, and the longer the buildup, the bigger the potential move. A similar pattern was observed with NOIA, and it resulted in a massive move
Chainlink's potential move could be volatile, considering that the last time it moved up from this exact price range, it gained 200% in just 20 days.
Additionally, a triangle pattern seems to have formed within the range, which is typically very bullish, especially when lower highs are consistently being made on the daily chart. A similar triangle pattern in the past pushed LINK to the top of the range, forming an ascending triangle that eventually took it much higher.
While the LINK/BTC chart has not been as hot, a break of resistance could be a positive development for LINK. Overall, this could be an excellent time to enter a long position in LINK and ride the potential move until June 2023.