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LINK

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.
Long
by altFINS
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.
COINBASE:LINKUSD
by cryptodailyuk
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!
Long
by KryptoSnipers
1
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?)
BINANCE:LINKUSDShort
by ankhramsiswmriimn
15
LINKUSDT trading strategyFor the last six months, the LINKUSD price has been in a broad consolidation range of $5.5 - $9.5. Fundamentally speaking, Chainlink was always on top of the Oracle category and has been accumulating for quite a long time now. In our opinion, LINK will continue to consolidate in the range of 5.5-9.5 in the short term; and it can go up to 12$ or $18 in the mid to long term. Two trading strategies can be applied here: 1. Trade the Sideway: Swing traders can enter a LONG position at its local support of $5.5- $6 and enter SHORT at its local resistance of $9. I myself have made a limit order of buying LINK at $5.5. Hopefully, it will get filled. 2. Trade the Breakout: For more precise decisions, traders can wait for a confirmed breakout of either side to enter a trade. This strategy will bring less profit but can give you a better chance at winning. Choose a strategy suitable to your preferences and stick with it. Remember, always trade at your own risk, and never risk more than you can afford to lose.
by Chainslab_Analytics
The biggest week of the year (Bitcoin)In April 2022 I posted this TA below. It turned out that triangle in that TA was the pico top of this year and i believe now we could be on the verge of a major breakout. This ascending triangle could be just as important as that TA at getting a great entry. So we have a ascending triangle , I love these patterns in Bitcoin they have one of the highest hit rates of any patterns for Bitcoin at least. Three touch points to create the support structure and four touch points creating the resistance once we break and close above 17355 with good volume there is a high chance we push upwards to 1.618 Fib at 18500. As you can see 18500 has alot of confluence from the previous range so first stop most likely would be here. We are at the vertex of the triangle so by Friday 16th December 2022 the triangle ends and it will break before that date most likely because we have the last FOMC meeting Tuesday 13th. These FOMC meetings play on everyones emotion so like all the other times we could see massive wicks on both ends before moving in the organic direction , stops will be hunted down for sure , this is why I shall wait till after FOMC and after a breakdown of triangle for entry . Now a possible bear trap senario here coming into the FOMO meeting would look something like this If it does wick down it will wick down to the previous VWAP close before heading back up. So now comes to the most important chart the USDT dominance . If you being following my TAs you know I have been saying for months once we break this white support line the relief rally will come right now we are to the coming to the vertex of this triangle and my reverse indicator on helkin ashi candles has signaled a reversal . As you can see its pretty accurate indicator at calling pivots in momentum . If we take a closer look at the two crashes this year June and Nov 2022 we can see that USDT dominance hit the exact same level forming a double top. Indicator is also calling a reversal on the Bitcoin chart Last time it signaled this was the bottom of last cycle. we also have this amazing confluence crossover which so far is holding up. This is a bar pattern from the cycle low of 2018 to the mid bull run of 2019 . Now if we take the bar pattern from this section and overlap with current price action we can see that these two fractals look nearly the same. Its a very important week for Bitcoin if I had to call it now I place my bet on a move to the upside but like always will wait for confirmation before doing anything.
COINBASE:BTCUSDLong
by Sporia
12