CHAINLINK BOUNCING OFF CHANNEL SUPPORT, RETEST CHANNEL TOP @$20?CHAINLINK (LINKUSDT) is bouncing off of channel trendline support. This is the first test of the trendline support. If price reacts similarly to how price reacted when it tested channel trendline resistance, then price might go up to trendline resistance at $20. If price breaks trendline support @ $17, then price can quickly fall down to horizontal support @ $15.
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Linklong
LINKUSD (Probably) LONGLINKUSD (Probably) LONG - we're currently in a range and these are the most important lines, take longs from support and shorts from resistance, we're almost at the end of our triangle and a breakout is expected on the upper side, still we can take a short at the upper resistance once breaking the trend-line resistance.
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.
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!
Chainlin (LINKUSDT/LINKBTC) W Bottom Breakout Long!LINKBTC has broken and closed above the neckline of the W bottom pattern, indicating a local bottom with potential for price to head higher. As a result, Im taking a long position, which I might build into a longer term and larger hodl position if markets start to recover broadly.
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.
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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
LINK/USDT - optimistic 41% setupHello, Traders!
LINK price returned to the active trading range of $34.00-39.00 under selling pressure.
We can consider entering a position in the range of $35.75-$37.75
Stop-loss can be set at $32
Targets according to Fibonacci retracement levels:
$41,90
$44,02
$46,14
$49,15
$52,00
Good luck and watch out for the market!
P.S. This is an educational analysis that shall not be considered financial advice
Four Year Bull Flag Triangles into Arbitrum POP! BULLISHKRAKEN:LINKUSD has been following these bull pennants since it was created, jumping into smaller and smaller triangles. Arbitrum is scheduled at the end of this 4 year triangle, it looks like they're positioning link for one last fakeout before the arbitrums pump to 100$
Link parallel channelLINKUSDT
According to the new price channel in the heart of the old price channel can be
See that for the first entry you have to wait until the price is above the line
You can enter as the resistance is stabilized
And place the first target one above the midline and the second target the ceiling
Channel
LINK/USD FALLING WEDGE 4 Hour CHARTHi guys!
LINK/USD chart looks very good, we have a potential falling wedge. Since we see a recovery in the entire crypto market and BTC also after the fakeout tonight a nice pump Hinlegte I think the LINK I Soon breakout we and the target Target would be the previous ATH, it looks very good because finally volume comes in. Think that if we go to the OLD ATH and close above it and confirm on a new ATH will go :-) Of course you should enter the trade wait for a 4 hour confirmation and then enter the trade :-)
Good luck with the trade :-)
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Four Year Bull Flag TrianglesLong term link has followed this pitchfork trend that has lined up with adoption rate over time. Started in 2017 and it's still playing this pattern out.
Over the years it has made massive bull triangles, and is consistently breaking them before they complete.
If we keep running along the middle channel, it can break up into the highest channel upwards of 100$ and still be in it's 4 year trend.
The long term extremely conservative estimate is 100$ by the end of 2021.