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🔗Chainlink(LINK)🔗will Go Down by Triangle⏰(1-Hour)⏰Hi, everyone👋. 🔗Today, I decided to analyze Chainlink(LINK) for you. I hope that it is useful to analyze. 📚 What Is Chainlink(LINK) ❗️❓ 🔸Founded in 2017, Chainlink is a blockchain abstraction layer that enables universally connected smart contracts. Through a decentralized oracle network, Chainlink allows blockchains to securely interact with external data feeds, events, and payment methods, providing the critical off-chain information needed by complex smart contracts to become the dominant form of digital agreement. 🔸The Chainlink Network is driven by a large open-source community of data providers, node operators, smart contract developers, researchers, security auditors, and more. The company focuses on ensuring that decentralized participation is guaranteed for all node operators and users looking to contribute to the network. 🚩It seems that Chainlink(LINK) is creating a Contracting Triangle between two areas of 🟢Support🟢 and 🔴Resistance🔴 . 🔔I expect Chainlink(LINK) to move towards the 🟢 support zone($7.34-$7.13) 🟢 after breaking the lower line of the Contracting Triangle . Chainlink Analyze (LINKUSDT), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
39
Chainlink's Breakout Ballet?Unveiling a potential crescendo, Chainlink (LINK) pirouettes around a bullish narrative on the crypto stage this October 5, 2023. The meticulous choreography of a 'cup and handle' formation on the daily chart hints at a grand leap awaiting at $7.79. As LINK twirls at $7.732, marking a 4% ascent in the last 24 hours, the spotlight sharpens on the breakout threshold. The market orchestra tunes to a bullish melody as the technical indicators harmonize with LINK's dance. The golden crossover between the 50 and 200-day Exponential Moving Averages casts a hopeful spotlight, while the Directional Movement Index (DMI) echoes a strong momentum despite a minor quiver. In this performance, the high and low notes are marked by: - Resistance Levels: $7.79, $10.00, $12.75 - Support Levels: $6.97, $5.85, $5.66 Amidst a chorus of mixed sentiment, with a Fear & Greed Index score of around 50, the audience holds a breath of cautious optimism. As the curtains of the market drama flutter, will LINK soar in a bullish ballet towards $12.75, or tumble to the bearish depths of $5.66? The baton trembles at $7.79, awaiting to cue LINK's next act in this market theatre, with eyes glued to the unfolding narrative and ears tuned to the market's rhythm, the breakout at $7.79 could be the opening act of a bullish symphony or a bearish dirge.
by MonoCoinSignal
12
LIT to face resistance againLIT UPDATE: LIT is moving to the daily resistance again at 0.8 and if daily candle close above it means we can see a run up to 0.95 or even 1.2 where bearish daily OB (order block) is…. In short, if LIT can’t close above 0.8 and get rejected for the 3rd time means we are going to see another bearish move to 0.7 (mid range) or 0.59 (low range) will need to be retest before we see another upward movement…. Wait for the high range to be break before going long on LIT
by MICHELXM
Full Breakdown of LINK | Breakout? | 1H, 1D, 1W Charts | NewsLINK Integrations, SHIB vs LINK LINK, the Chainlink coin, has been the topic of the hour with many still under the radar wondering what the hell it is, and why is it up 16% this week while other alt coins are far behind? To put it short, Chainlink's CCIP (Cross-Chain Interoperability Protocol) has everything to do with it, and with Chainlink reaching a new milestone announcing 10 new integrations with blockchain networks including names like Avalanche and Ethereum, it's bout time you hop on the new evolution of Web3. LINK is also on it's way up the ranks, with SHIB being one of the biggest meme coins now sits bellow LINK. Bringing LINK to 18th place. 1D Chart - Wyckoff Distribution: Here to show the phases that which we reside, as you can see we are well past Wyckoff Distribution and are now at a level of support (4.7) - FIB: We have been sitting here for over a year in consolidation. There has been a consistent pattern where we hit the 0.236 retracement then pullback for a couple months, as you can see we are reaching the level once again for a fifth time. - Parallel Channel: Shows a steady decline - Volume: Low trading volume meaning possible breakouts - RSI: Relative Strength must stay above 40.00 - SMA: What help is this anyways lol - Elliot Waves: Thought I should include the Elliot waves (ABC) because it was a pattern I was seeing since the last hit of the 0.236. 1H Chart After crashes both in spring and summer, it was followed by a bullish rally. Both lasted 52 days before there was an uptrend. - FIB: Summer rally hitting retracement levels, keep eyes out for any rejections - Indicators: Northing much matters, just keeping an eye on 200 SMA to see if it still plays as a level of support (Summer) 1W Chart - Stock RSI: Uptrend, getting ready to hit parallel channel and 0.236 - RSI: Probably the biggest thing to point out in this entire analysis is the Bullish Divergence Bonus Chart - Please tell me your thoughts in the comments of my analysis where you think the price is going, as it would help me out to make more of these! Thanks!
BINANCE:LINKUSDLong
by DenzelitoTrades
2
CHAINLINK - Add This To Your Watchlist!Here we have the 2weekly chart of Chainlink. We can see that on a higher timeframe, we are still bullish. We have not yet completed the 5 waves. We are currently on the 4th wave which appears to be a WXY correction (breakdown: 3 waves for W, 3 waves for X and 3 waves for Y) We have almost completed wave X and anticipating wave Y soon. Once we make that final move down, we can look for buying opportunities. Expecting the bearish correction to finish above the blue structure. There is a potential for a 2000% trade coming up. Definitely one not to be missed! Goodluck and as always, trade safe!
BINANCE:LINKUSD
by WicktatorFX
1
LINK - new bull run started?Hello, everyone! Today a lot of traders making analysis on BINANCE:LINKUSDT because it has suddenly pumped against the entire market. Could this coin be already bottomed or new lows are incoming? Looking at the price structure since ATH we have the clear EW counting. Global ABC correction is represented here as a classical zigzag. Wave C in this case should has 5 waves. Minimal Awesome Oscillator value corresponds to wave 3 and current flat is the annoying wave 4. Technically bear market could be finished because we have already seen the bullish divergence and lower low, but Bitcoin in my opinion should dump and I cannot understand how altcoins can pump against it. That's why I expect another one lower low in the wave 5. 📢Smash like button and follow us to never miss an update
by Skyrexio
3
LINKUSD: On the rise in the middle of this Channel.LINKUSD is trading inside the 0.5 - 0.618 Fibonacci range of the 18 month Channel Down pattern. The 1D technical outlook is slighly bullish (RSI = 58.592, MACD = 0.070, ADX = 30.217), which means that even though we are not at the start of this uptrend, there is still upside left. The current rise was achieved after a Low on the 0.786 Fibonacci level. Inside this Channel, every time LINK held and rebounded on the 0.786 Fibonacci leve, it reached at least the 0.236 Fibonacci level. This indicates a sizeable upside profit to be made still. We are long, targeting the 0.236 Fibonacci level (TP = 8.12500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:LINKUSDLong
by InvestingScope
4
ChainLink Analysis For long-termHello Traders, here is the full analysis for Chainlink let me know in the comment section below if you have any questions. I suggest you keep this analysis on your watch list and see what will happen and will my analysis will happen!!! Today I want to talk about LINKUSD in a daily time frame Before that, I want to remember It's not financial advice. I'm just sharing my view and opinion of the chart. Please see and think about that. The situation is so complicated. I will tell you the best zone to buy and hold Chainlink for the long term to get a huge profit.so, please be patient. As you see in the chart, I want to explain everything by the Fibonacci Channel. Because it's so simple and easy to show you. I draw 3 Green Zone to show you all the support zones. I believe that the first green zone will be broken. Sooner or later but it's sure. So let's focus on the second one. I think it could be a strong zone to support the price but I think the market maker do anything to lose that to the third support zone. I'm sure the 3rd green zone is the best place to buy and hold link for long term. it's really my favorite place. I will put my orders in this zone. because I believe that the future of Chainlink is bright. If you have any questions, please don't hesitate to contact me. Wish you the best Sincerely Yours Ho3ein.mnD
BINANCE:LINKUSDShort
by Sticky-Stock
8
LINKUSD This forgotten crypto is giving a buy signal.Chainlink (LINKUSD) hit today the 1D MA50 (blue trend-line) for the first time in more than a month after a Double Bottom just above the 1.5 year Support Zone. This rebound has been accomplished after the 1D MACD formed a Bullish Cross within the Buy Zone and rebounded. Every time such a MACD rebound took place, the price has always hit $8.00. That is our buy target now and should be contained under the Lower Highs trend-line since the November 08 2022 High. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:LINKUSDLong
by TradingShot
6