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LINK

LINK may be breaking up from triangle; nearing daily goldencrossLooking at the weekly chart here to get a better view of this pink triangle’s trendlines. We can’t see on this chart how close the daily charts golden cross is from happening but it appears to be less than a few daily candle closes away from occurring. If this symmetrical triangle confirms its bullish breakout the target is around $11.32- $11.47. Reaching this target would bring price action up out of a much larger triangle that its been in for far longer that has a much larger breakout target to go with it, however we can see the stoch rsi on the weekly chart has ventures into the overbought zone so it increases the odds that when price action first retests this yellow trendline on the way to the target it will encounter it as resistance, same with the descending white trendline as well. The stochrsi is also overextended on the 1 day chart too increasing the probability that price action will encounter resistance along the way to the breakout target that may result in some level of correction. Still always possible it finds a way to break through both of these resistance lines with ease just a lower probability with stoch rsi already in the overextended zone. If it can sustain the breakout and reach its full breakout target then I believe it will sustain the daily chart golden cross and in time trigger the breakout from the much larger triangle pattern as well. *not financial advice*
COINBASE:LINKUSD
by DrDovetail
A REALISTIC APPROACH TO 1000$ LINKHello Everyone, MrBanker is here. I present you with 3 ideas about how the LINK will reach 1000$. First Theory: - A 5 wave move is completed back in May 2021. Which also completed the 1st wave of the bigger degree. - The LINK is now showing a rather complex correction which is also an accumulation zone. - After this correction, we should observe a soaring move into 1000$ which will be only a fraction of the biggest 3rd Wave. Second Theory: - The indicator is especially customized for LINK in a Weekly timeframe. - According to this indicator, LINK had two major tops and four major bottoms. Which also indicates a buy zone for LINK at this moment. - For the LINK to reach 1000$ level, expect at least 1 year long minor bull and bear markets during that period. Which will be eventually shown in the custom made indicator. Third Theory: - Based on a realistic approach, LINK must first break through the ultimate resistance line starting from 2019. - The upcoming CCIP and Staking will be great catalysts for a major pump. Considering that almost every LINK owner is waiting for Staking which will reduce the circulating supply drastically and increase the demand for the token enormously. - By all these combinations of theories, LINK will definitely reach 1000 Dollars but the exact time is uncertain. Trade Safe, MrBanker
COINBASE:LINKUSDLong
by Mr_Banker
4
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
Long
by Worldofchartsfx
2
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.
COINBASE:LINKUSD
by XBTFX