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Linkchain

LINK.USDT (Y20.P4.E8).Macro.Going longHi All, note: This is a continuation post so I'm keeping this short as previous posts explains my approach for LINK. Reference links are below. OBSERVATION: > We have 3 more days for the weekly candle to close and so far, its broken the previous resistance level on the weekly; > BTC dominance has hit resistance and will likely go sideways for the next few days giving the ALTs the chance to go up; > Previous BTC posts explains why we have hit resistance for BTC, its the 0.618 macro fib level, which will be a strong resistance based on this level; > One can observe 2 of the indicators has cross over on the weekly, showing initial\potential reversal; > Looking on the daily, we can see a bottom formation taking place, represented by the orange triangle, chart below; > FYI, the green band was my previous point of entrance as it was the weekly support area which had confluence with the 0.382 fib level + a few more points, but you can look that up my previous posts. >21 Weekly EMA, similarly as BTC, acting as support, this suggest we should keep an eye on this. > Note how price has broken the 0.236 fib level on the macro. All this plus a few more points makes me think, we should be near the reversal stage soon. FYI. If you on FTX, its a good opportunity, risky but can be highly rewarding to go with LINKBULL. Sometimes its better to see a better upward trend before you jump in. All the best, Regards, S.SAri Weekly chart: Green is the 21 Weekly EMA, similarly as BTC, acting as support, this suggest we should keep an eye on this. Daily, BAT harmonic target Another bullish target using the height of the triangle Close up, 8 hrly chart, some upward pressure still there. Note the key levels, needs to hold for the next day or 2 for it to go bullish.
Long
by ssari
2
Link/usdt 2nd wave?Link/usdt After forming double bottom and showed some consolidation last days its looking good now Buy area : after the break of trendline But Best buy area : after also break horizontal resistance Around 11-11.35$ And the first target is around 12.5$-13$ and more You can jump the wave or buy the retest if you are looking for more safe entery Stability above these areas can do big pump Risk : link has high volatility Stop loss should be daily close below the horizontal resistance
by Babenski
3
LINK/BTC: Imminent Breakout Analysis - 1D, 1HIn this post, I'll be providing an analysis on Chainlink (LINK), shedding light on its daily and hourly chart through technical analysis. Daily Chart Analysis - To begin with, the daily chart is on the left, and the hourly on the right - The daily chart demonstrates that prices are trading within a descending channel, forming lower highs and lower lows - The Relative Strength Index (RSI) is at neutral levels, showing signs of a potential breakout - The Moving Average Convergence Divergence (MACD) is forming a potential death cross, but has not provided confirmation yet - We can interpret the current setup as a consolidation phase of a bullish flag pattern - Should we see prices break through the upper channel resistance, we could potentially expect another leg up to 0.002btc Hourly Chart Analysis - Zooming in on the hourly, we see clearer signs of bullishness - Prices are forming an ascending triangle pattern, in which the tops of the pattern are rejected at 0.000894 btc levels, while higher lows are formed - The RSI is also in an uptrend, forming higher lows as a sign of momentum building up - Based on the ascending triangle pattern, we can count Elliott triangle waves (ABCDE) - This wave count shows that a breakout through the triangle pattern is very imminent - The 100 Simple Moving Average (SMA) on the hourly chart is a good reference of support/resistance zones. You can check out my other analysis on Waves (WAVES) which had a very similar setup: an ascending triangle within a descending parallel channel. Conclusion Chainlink seems like it's headed to retest previous highs as indicators and bullish pattern setups demonstrate potentiality for a breakout. However as always, don't predict the market. Take it by levels, and play by probabilities. If you like this analysis, please make sure to like the post, and follow for more quality content! I would also appreciate it if you could leave a comment below with some original insight.
Long
by Michael_Wang_Official
2
LINK to $20!LINK have been monster lately and it really seems like it is only starting to get going. I am expecting LINK to make the third wave of this Elliot Wave pattern and finish around $20-$24. If the same trend continues, weekend will be the sweetspot for LINK to hit that target. Until that we MIGHT see some correction to ~$10 range. After movement to $20 area, i am expecting typical correction after finishing Elliot Wave, which will be good spot to cumulate some more LINK.
COINBASE:LINKUSDLong
by Em4rk
2
How To Find Perfect Time To Buy Link For the past few months buying when price taps the 21 EMA has been consistently profitable (indicated by blue arrows). Ideally you would buy a 200 EMA tap (indicated by the green arrow). This is a simple way to not get caught in the Link fomo, as it is always dangerous to buy a parabolic move as we're seeing now. The red flag indicates when this trend ends as price falls below the both EMA's. Until then buying taps of these EMA's is a safe way to stack Link. I am personally waiting for price to return to these EMA's to make a long term investment in Link.
COINBASE:LINKUSDLong
by sachu_blessyou