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Linkanalysis

Link 1D Global forecast for several months, but must be read)Today we bring to your attention an overview of the LINKUSDT pair and possible scenarios for the future. After the $53 high, there was a crypto market drain in May, which plummeted the LINK price by -70% to $15.00 . The strait was so strong that the previous high of about $20 didn’t even stop the price drop. In June 2021, a drop confirmed that there is a group of buyers willing to buy LINK at $15.00. In recent days, sellers pushed the price of LINKUSD below $15.00 to $13.50, but this happened on weak volumes. That is, the stops of those who gained $15.00 were not affected. Or at $15 was bought by investors who enter the position with a grid from strong levels and without stops, with expectations that there is a strong growth ahead? For this assumption to be confirmed, buyers should not let the price drop below $12-13. It is there that the intersection of a strong level and a dynamic channel is located, from which, according to history, growth began earlier. The growth path can be of two types: 1) Recoilless (white) with top target about $34 2) With corrections (blue): $13 — ($18.5-19.50) — $14 — ($24.50-26) Here it will be necessary to follow the market, what dynamics it will move If the BTC price continues to drop below $28,000, then it is very doubtful that the Linkchain token price will be kept in the $ 12-13 zone. Below this zone, the target for long buying is $8.20-8.80 _______________________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
37
LINKBTC Inverted Head and Shoulders!!Taking a look at chainlink BTC and noticed a very valid inverted head and shoulders pattern which is bullish! we are looking at a couple key areas here being the top of the shoulders and the 0.2 FIB, we are looking for something similar to my path drawing a push above and a retest is necessary before we can really start moving up. Now if this plays out we will have to look out for the 0.2 FIB resistance level we definitely should have enough momentum to cut through here but i would like to see a confirmed close above the 0.2 FIB. The RSI is starting to curl downwards but isnt in the overbought zone, but aslong as we stay above the midline we can be considered in a confirmed uptrend, now the stoch RSI on the other hand just had a bullish cross and we are now pushing to the upside so that means, theres for sure a chance we see the RSI do the same, along with price action. MACD aswell had a very bullish bounce of the orange MA in a what looked like a bearish cross, definitely seeing momentum here and the histogram looks very nice, each bar on this new green cycle is increasing in size day by day showing more and more bullish momentum, with no current sign of slowing down. Not financial advice just my opinion!
Long
by JacobR905
LINK READY TO EXPLODE!!!Chainlink has been showing tons of strength recently outperforming tons of projects and we have taken out some key levels that we're very needed, before we jump into this always remember BTC is a huge factor when it comes to the rest of the market and can easily void this TA. First looking at the pivot points as you can see we have sliced right through R1 resistance and the 0.3 FIB level, a close above both of these levels would be absolutely key for us and would give a lot of momentum to the bulls. Next looking at the SMA's, we have crossed a very very important level which is the purple 200 day SMA which is the most powerful and slowest mover, a close above here will add to all this bullish momentum and we will no longer have any SMA resistance and they will all be support levels which is key for our overall structure and for cushions when we start to run up hard. Now the bollinger bands are looking super bullish we notice our current price action is hugging the top band and if we see this continue you guys know what the likely outcome is... a huge run up most likely to that 0.5 FIB level, also the higher we push on the bollinger bands the higher our midline support level will become, a very key and ideal situation would be for our midline to come up all the way above the 100 day SMA, 200 day SMA,R1 resistance and finally the 0.3 FIB level, this will be key due to the fact that the bollinger band midline will be another cushion of support for us, and i don't think this is far off because of how grouped together all these key levels are. Overall what im looking for here is a close above the r1 resistance, 200 day SMA and the 0.3 FIB, if all of these confirm close above we are looking extremely bullish, also watching those bollinger bands and the run up on that top band. Not financial advice just my opinion!
COINBASE:LINKUSDLong
by JacobR905
LINK READY FOR A HUGE RUN!Chaiinlink has been pretty on par with ethereum recently both showing their great strength, if we close today as a green candle we will have 15 green candles in a row which is pretty incredible! Thats over 2 weeks, we are currently getting stuck on the previous pivot point to the left side, we have passed the pivot point below and we have continued to hold the 0.2 FIB level! Looking at the EMA ribbons which i gotta say are very slow movers but however, we are now starting to see the ribbons starting to twist which is good in our case, they are currently bearish and we want to see the green ribbons flip all the way to on top, that way we are going to full have bullish momentum, i feel like we may see the EMA ribbons fully flip when the crypto market is overall back in the bull cycle. The wavetrend oscillator is almost in the sell zone which means we could see a bit of a cool off soon in the coming days, i think we are going to see a little bit of a cooloff i gotta say, it is pretty due, doesn't have to be a big one at all we could just see a day or two of sideways movement, the most i can see us going back to test is the pivot point below us but i think a test of the 0.2 FIB is also likely before we again start to climb upwards, very bullish on link short term and especially long term! Not financial advice just my opinion!
COINBASE:LINKUSD
by JacobR905
Link on Fire!!Chainlink has been performing absolutely incredible over the past month being up 30% and 40% on the week! Even while BTC is down, this truly shows the strength of chainlink and how powerful it can be! We are looking very very bullish as we quickly regained our Long term trend line spanning back from march 2020, we have gone on a beauty run up and now are currently looking at 0.2 FIB resistance. If we can get a daily close above here tonight that would look incredibly bullish, but even if we don't we look great! Looking at the pivot points, this is huge we blew past the bullish pivot point which can give us an overall trend reversal to the upside, we need to hold this pivot point for daily close which i would say is an easy bet. Keeping this level is overall bullish for chainlink longer term. Checking out the bollinger bands we saw a big run up along the top of the bands which as i always say is super bullish, we could be due for a little cooloff for a day or so but i think even after that we could see price action start to hop back on that top band and continue our strides upwards, The key here is that we have midline support on the bollinger bands but once we start going up again we get that midline above the bullish pivot point which woud give us that added layer of "protection". Now the RSI does look very great but we have entered the overbought zone so we could be due for a little pullback, but what interests me even more is that we have sliced right through that midline of the RSI, and that is huge because if we continue to hold it we will be in a confirmed uptrend, and since we have been in a downtrend since may i think we are due for a longer spanning confirmed uptrend, but remember holding that middle line is absolutely key! Not financial advice just my opinion!
COINBASE:LINKUSDLong
by JacobR905
4
Chainlink (LINK) - 4h. The target of $40-41 remains relevantThe breakdown of the downward consolidation triangle in the BTC market certainly affected the entire crypto market. However, does this fact mean that a new wave of decline has begun and the cryptocurrency market is facing a new phase of depression? Looking at the LINK price , we can see that buyers have managed to maintain the liquid range that we wrote about in the previous idea: As you can see, the LINKUSDT price has already bounced twice from the liquid range of $22-24. In addition, sellers have already tested this range at low volumes twice. These facts give us information that: - consolidation on the LINKUSD market is not complete - a new local wave of growth should be expected with the target of $30-31. However, if you look at the LINKBTC price chart, you can see a great growth prospect: Please note that sellers do not try to push the price down at all on the 3-day timeframe. This is clearly seen in the low trading volumes. Given Chainlink's low selling interest and buyers' control of important price zones, the range of $30-31 will be the first target for buyers. The global target is at $40 ____________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
24
LINK ABOUT TO BLOW!Update for Links inverse head and shoulders pattern, we have smashed through the 0.5 FIB level and now today we are looking to hold this level for our daily close. A close above the 0.5 could send link flying due to us also breaking out of this wedge resistance! This will be a very close daily close for us by the looks of it, so keep your eyes open and watching. Also keep in mind BTC will drag or pump the market depending on where bitcoins price goes. The RSI bounced off the 50. point and we need to see a confirmed break above this to see a full scale uptrend. I think this is very likely in the coming days as we are getting indication from the MACD of Bullish momentum, we see the indicator threw out a buy signal and we are seeing a potential bullish cross of the MA's (Blue ontop of orange) With that we notice a long overdue green bar on the histogram which is bullish. I got a feeling alt coins are mostly all on the verge of a big breakout in the coming days, all indicators and technicals are giving that hint just even comparing the indicators with XRP on my last TA, Big moves ahead guys! Not financial advice just my opinion!
COINBASE:LINKUSDLong
by JacobR905
Link Inverse Head & Shoulders!Chainlink is looking great on the 4 HR timeframe and has created an inverse head and shoulders pattern aswell as coming upto the apex point this wedge! This pattern is very bullish and we can expect over the next few days some really nice movement upwards, keep in mind BTC will drag down or push up the market in most cases. We are holding up on this triangular support and i expect price action for the most part to respect this pattern and stick to the support. We could see a break of the 0.5 Fib level, as we have tested it multiple times before. Also we could see a drop to the 0.6 Fib and then see a bounce up but i don't think that is as likely. The RSI bounced off the 50. point line and is now starting to curl back up! We need to see a full break of this level then we can expect very bullish movement with a confirmed uptrend! We see the red MACD lead curling downwards but the blue and orange MA's still arent crossing bearish but that could happen and that ties in with the falling to the 0.6 FIB. We did see a close call with them almost flipping, but held strong and continued up. Overall in the near future im very bullish on the whole market but especially chainlink, ETH and DEFI. Not financial advice just my opinion
COINBASE:LINKUSDLong
by JacobR905
3
Chainlink looking very bullish!Link has performed very well after the "bottom" a couple days ago, we are sitting right on the 0.6 Fib level and aswell moved above the 200 day MA! Tonight will be a big close for link i would really like to see us hold this 0.6 Fib and 200 day MA, then i think we got a good chance of moving higher, but right not everything is riding on BTC with the market generally following Bitcoins moves. We found some down slopping support on the RSI and now we're seeing a little bit of a come down right around the oversold area. We gotta see a move up above the 50. point on the RSI to get that confirmed uptrend! Zero Lag MACD looks very bullish with our red lead flying upwards with our blue and orange flipping very recently to bullish, we want to see our Blue MA stay ontop of the orange and start to spread out to really start seeing some bullish momentum!! Not financial advice just my opinion!
COINBASE:LINKUSDLong
by JacobR905
2