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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
LINK - 1D. We expect a retest of the range of $22-24We haven't updated our thoughts on the LINK coin for a long time. Our last idea for the scenario of a local fall worked, but it was a short-term target: However, after that, the LINK market was waiting for a powerful collapse, during which the price hit the mark of $15 . The reason for such a powerful fall was two massive liquid zones, in which there were a large number of buyers stop orders . The first powerful impulse for the fall occurred after the breakout of the white trend line of buyers: Buyers held this trend line from January 2021 and confidently defended it 4 times. The loss of control over the white trendline of buyers triggered a wave of decline in the important price range for LINKUSD $22-24. The importance of this range was noticeable back in January 2021: Before the test of this range in January, buyers found it difficult as the resistance increased significantly. This is noticeable in terms of trading volumes. However, just below this range was the second liquid zone of buyers' stop orders. Having touched it, the LINK price made another wave of decline, which tested the mark of $15 . The positive thing in this situation is that in a few days the buyers managed to significantly rehabilitate themselves and raise the price by 100%. Thus, the price of LINKUSDT is now trading in the range of the previous all-time high of $32-35. On May 20, sellers managed to keep this range and this became the reason for the continuation of the fall. For a confident continuation of the LINK price growth with a target of $42 , we will expect a retest of the range of $22-24 . If the local fall wave passes without much aggression, then we will gladly buy LINK from this range. This scenario is confirmed by the LINKBTC chart: The chart shows that buyers have kept the price of LINKBTC within the channel and the prospect of continued growth is quite high. However, without price fixing above the liquid range, we would not be in a hurry to buy Chainlink.
by P_S_trade
44
Chainlink (LINK) - May 21Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (LINKUSD 1W chart) (1D chart) You should watch for any movement that deviates from the 26.17397-34.30128 section. If it goes down, you need to make sure you get support at 29.45537066. In order to turn to an uptrend, it must rise above 42.05362298 and gain support. In particular, we have to see if we can stock up on the power of the upside by rising by 34.30128 points and moving sideways. ------------------------------------- (LINKBTC 1W chart) (1D chart) It remains to be seen if it can rise above the 76773 Satoshi point and continue the uptrend along the uptrend line. If it falls, we need to make sure we get support in the 70234 Satoshi-74265 Satoshi section. If you fall at the 70234 Satoshi branch, you need Stop Loss to preserve profit and loss. However, you need to trade carefully because you can touch the 68143 Satoshi branch and climb. -------------------------------------- It is advisable to trade at your average unit price. This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden. The center of every trade starts with the average unit price 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, so that the money that ultimately corresponds to the profit can regenerate the profit. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for the sake of convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the conventional 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 that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on 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 segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. 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 do not trade 24 hours a day. G1: Closing price when closed G2: Cigar at the time of opening (Example) Gap (G1-G2)
BINANCE:LINKUSD
by readCrypto
6