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LINK Bottom Forming?Since its all-time high in May, Link has dropped by as much as 72%. Price seemed to be forming a bottom at 15. Where we saw two tests at this level in May and June. So far we have failed to break lower. This leads to the possibility that a bottom may be forming for Link. However, it is still too early to say. Therefore, I would like to see the price consolidate above 20 again. Lastly, you should not rule out a possibility for a third retest of the trend, especially in this highly volatile environment.
COINBASE:LINKUSD
by EmpowerTrader
2
ChainLink (LINK) - June 24Hello? Traders, nice to meet you. Follow to get new information quickly at any time. Please click "Like" as well. Have a great day today. ------------------------------------- (LINKUSD 1W Chart) If you keep the price higher than 20.72941589, it is expected to continue the upward trend. (1D Chart) It is supported by section 14.43439291-18.64851097 and remains to be seen if it can rise above 20.72941589. In order to shift to the upward trend, the price must be maintained in section 18.64851097-27.07674760. ------------------------------------- (LINKBTC 1W Chart) If the price is maintained above the 39500 Satoshi branch, it is expected to continue the upward trend. (1D Chart) We'll have to see if we can climb with support from the 53323 Satoshi-58435 Satoshi section. In order to shift to the upward trend, the price must be maintained in the Satoshi-68659 Satoshi section. ------------------------------------------ It's better to make a deal that matches your average unit price. This is because if the price is below the average unit price, which has been on the rise and falling trend, there is a high possibility that the psychological burden will not make a big profit. The center of all transactions starts with the average unit price at which you start trading. If you ignore this, you can proceed with the transaction in the wrong direction. Therefore, it is important to find a way to lower the average unit price and control the portion of the investment, ultimately allowing the funds to generate revenue on their own. --------------------------------------------------------------------------------------------- ** All indicators are posterior indicators. Therefore, you should be aware that the indicators move according to the price and volume of transactions. I'm just talking upside down for an interpretation of the indicators for convenience. ** The wRSI_SR indicator is an indicator created by adding settings and options from an existing Stochastic RSI indicator. Therefore, the analysis is the same as the existing Stochastic RSI indicator. (K, D wires -> R, S wires) ** The OBV indicator was re-created by applying the expression DepthHouse Tracking, which is an indicator released by oh92. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee gains or losses on investment. Abbreviation description shown in chart R: A point or section of resistance that requires a response to preserve revenue. S-L : Stop Loss Point or Section S: Points or intervals that can be purchased to generate revenue from support points or intervals (Short-term Stop Loss is a point where a split transaction can preserve gains or losses or further entry. It's a short-term investment perspective.) GAP refers to the difference in prices that occurred when closed because the stock market, CME, and BAKT exchanges do not trade 24 hours a day. G1: Closing price when closed. G2: Poetry at the opening. (e.g.) Gap (G1-G2)
BINANCE:LINKUSD
by readCrypto
Chainlink Is UndervaluedI tried to be as clear as I could with the takeaway message of this ratio chart. When you get to the top of the channel (red bubble), it's typically a great time to sell LINK and buy BTC. When price gets to the bottom of the channel (green bubble), it's typically a great time to sell BTC and buy LINK. Suffice to say, I am using some of my BTC profits to scale into COINBASE:LINKUSD . Chainlink is undervalued when compared to Bitcoin. The featured content is intended to be used for informational purposes only. Everything shared here is my own opinion. It is very important to do your own analysis before making any investment based on your own personal circumstances. Please subscribe to our channel if you like what you are seeing!
Long
by jstrasburger
1
Chainlink: 3 Bullish Signs ExplainedIn this idea i will briefly describe 3 reasons why I believe Chainlink (LINK:BTC) has a high probability of increasing in value from here based on Technical Analysis. --------------------------------------------------- 1. Bull Flag Click the below image for a educational idea on the Bull Flag Pattern. Bull Flags are one of the most widely recognised and used chart patterns with a high success rate: and Chainlink has a rather large example of one on the larger time frame charts. Click above image for further educaiton. --------------------------------------------------- 2. Reclaiming Trendline Click the below images to see two other examples of Diagonal Support & Resistance in action. It takes 2 touches to draw a Diagonal Trendline and 3 to confirm, in image #2 we can clearly see the price is trying to get back above the previous Diagonal Trendline (Support) marked in green arrows which is a great sign. If the price failed to get above this area then it would be a potential warning sign. As you can see in the two above examples usually when price pierces through a trendline it can head in that particular direction. --------------------------------------------------- 3. Beginning a new market phase Click the below image for a educational idea explaining Market Phases & Cycles, one of the most important things you will learn in your career. "All financial markets go through the same phases and are cyclical. They rise, top out, drop, and then bottom out. When one market cycle is finished, another begins." ChainLink looks like a great example of a Full Cycle completed a ready to begin its new one. A little more upside here and we have confirmation of the Mark Up Phase. (See above image for further understanding). ------------------------------------------------- I hope you enjoyed the idea and found it insightful, if you did you can show your appreciation by Liking & Commenting, thank you! You can see the idea linked below for my last successfull trade idea on Chainlink.
Long
by Worth_The_Ri5k
5
ChainLink (LINK) - June 3Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (LINKUSD 1W Chart) It is important to find support at the 20.72941589-29.45537066 zone to maintain the uptrend. (1D chart) It remains to be seen if support at the 29.45537066 point and higher above the 34.30128060 point can sustain the uptrend. If it goes down, you should check to see if it finds support at the 23.46486658-26.17397000 zone. The 23.46486658-26.17397000 section is an important section as it is a crossroads between the extension of the downtrend and the rebound. ------------------------------------- (LINKBTC 1W Chart) (1D chart) We need to see if we can move above the 83559 Satoshi point to break out of the downtrend line. If it goes down, we need to see if it finds support at the 76773 Satoshi point. If it falls in the 70234 Satoshi-74265 Satoshi section, Stop Loss is required to preserve profit and loss. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** See support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. Explanation of abbreviations displayed in the chart R: A point or section of resistance that requires a response to preserve profits. S-L : Stop Loss point or section S: A point or section where you can buy to make a profit as a support point or section. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day. G1 : Closing price when closed G2: Opening price (Example) Gap (G1-G2)
BINANCE:LINKUSD
by readCrypto
2
Link will rise higher. Give it some more days!Hey guys, today we are taking a look into Chainlink. First you must admit, if you follow some traders on twitter; #chain has a verry strong and loyal community. A lot of traders are looking for the 50$ range as an emotional target. What does the chart say? Currently we are at my MA resistance and also we have bullish crossing buy signal on my MACD. I would wait for a retest, bc of the clear resistance at the moment and the gains from the last days. We are unsure about the next big market move, so be prepared with more then one buy orders. --- Follow me for daily updates :)
Long
by wallet_trading