LINKUSD
CHAINLINK TO $60 (LONG TERM VIEW UPDATE)📈Here's an update on LINKUSD which I posted for you guys back in January. Just like I expected, market is still ranging within this corrective phase, which is allowing big institutional firms to DCA from these cheap prices. We expect further consolidation over the next few months, before we see a downwards liquidity grab towards $0.09📉
This also moves similarly to our Bitcoin short analysis, as most Crypto's are still in a corrective phase for the next few months at least🔺Good opportunity for my Crypto Fund investors to profit by shorting the market!
LINK Chainlink Oversold at its last support | Growth thesis !Chainlink (LINK) presents a promising investment opportunity, especially in light of recent market developments. With BlackRock's filing for a Bitcoin trust rather than an ETF and the SPX reaching a 52-week high, the market sentiment appears to be bullish. Despite being oversold and finding support at its last line, Chainlink's technical indicators suggest the potential for a rebound.
Considering the oversold conditions, investors could see an attractive entry point for Chainlink. The price target of $8.70 adds to the positive outlook, indicating the potential for substantial growth. A technical rebound, supported by market dynamics, could further bolster Chainlink's upward trajectory.
Chainlink's unique value proposition as a decentralized oracle network, facilitating secure and reliable data integration for smart contracts, positions it well for continued growth. Its technology plays a crucial role in the advancement of blockchain applications across various industries, offering real-world solutions and bridging the gap between blockchains and external data sources.
Chainlink's strong partnerships with industry-leading organizations and its expanding network adoption provide a solid foundation for its future success. These collaborations reinforce Chainlink's credibility and market position, potentially attracting more investors and users to the platform.
Looking forward to read your opinion about it!
LINK TO THE PASTHistorically Link has been brilliant to trade from a technicals perspective.
You can see the prior consolidation channel and the 2 x Head and Shoulder patterns that played out beautifully. You can also see how the green circles were great entry levels
At present we appear to be in a consolidation box awaiting breakout.
I am leaning Long Term Long for the following reasons:
- On Balance Volume is increasing
- Break above 50 week MA
- RSI pressing upwards
- 90% correction in price since May 2021 (when we broke RSI resistance line, important to watch for this and exit trade if it occurs).
- LINK/BTC is also in a downward channel and looks ready to break out
- You will see from my recent BTC Dominance chart i believe we will have a slight pull back in dominance over coming weeks offering ETH and Alts an opportunity to make some gains
- The prior patterns, the H&S, Parallel channel and subsequent H&S top, these all lasted between 52 and 72 weeks. We are in this current consolidation pattern almost 50 weeks. It is probable that we get a break out within 2 - 22 weeks.
Trade Management (swing trade)
- A retest of the 50 MA would be a reasonable entry. Bottom of the box event better.
- Break below box, exit trade.
- Trade timeline 2 - 22 weeks (explained above)
- If already in the trade I would be keen to exit the trade once in oversold territory on the weekly RSI (We can always reenter it later).
PUKA
SOL, ADA, LINK,NEO,TEZOS AND FILECOIN analysis for JuneLast Saturday gave us multiple entries on multiple coins. And as I always say ,price will hit your entry zone mostly during bad news (in this case the lawsuit against Coinbase and the attack of SEC on some coins like ADA and SOL).
Disclaimer: This is not a financial advice and please do your own analysis before investing and only invest what you can afford to lose.
Chainlink (Link) formed Gartley for another price reversal moveHi dear friends, hope you are well and welcome to the new trade setup of Chainlink (Link) with US Dollar pair.
Previously we caught almost 30% pump of LINK as below :
Now on a daily time frame, LINK has formed a bullish Gartely move for a massive bullish reversal move.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
LINK - It is timeLink has been consolidating in the same tight zone for 330 days. After that long period of accumulation, I predict the move up will probably be large and sustained for at least 2-3 big legs up.
The problem is that we've had 3 fake-outs where price closed above $8.5 and then dumped hard right after. With that in mind, I plan on buying the next time LINK closes above 8.5 and cutting my losses if I see it close back below the support/resistance (S/R) zone highlighted in red, meaning below $8.
If the breakout is real, a I think and hope it is, then I intend to take profits between $19-20, and keeping the rest for the possibility that LINK becomes a beartime runner again, like last time.
LINKUSDT daily chartLink has been following the same pattern for a year. The chart is divided into 3 parts. The zone of sellers and buyers and no man's land. In the previous 3 times when the price returned from the seller's zone, we saw that the price was shot aggressively towards the buyers. This idea I want to sell and go to the buyer's zone. I will be happy to hear your opinions. This is not a financial advice
✅TS ❕ LINKUSD: uptrend channel✅✅ LINK trades within the channel.
The chart is testing the lower limit of the channel and the support level.
The price of the asset will bounce back up. ✅
🚀 BUY scenario: long to 7.283 🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
LINK: LAST Month to ACCUMULATE💰BINANCE:LINKUSDT
Hi Traders, Investors and Speculators of the Charts 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
LINKUSDT has been in a typical Wyckoff Method consolidation phase. Looking at previous fractals, wee see that Chainlink often goes parabolic during the months of June / July. This is right around the corner! Even should it not happen that way this time around, LINKUSDT has establishes a clear bottom and will most likely only go upwards from here.
To confirm this bias, we take a look at the Technical Indicator CryptoCheck START v3.5 and see a buy signal flashing on the weekly (which is bullish on such a high timeframe) :
Since you're here ! Check out this idea on BTCUSDT :
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LINK: starting all over againTwo weeks ago LINK had a very good week, when the price of the coin reached a resistance line at $8.0. Start of the previous week was even better, since the price was pushed to the weekly highest level at $8.7, however, the long term resistance line at $9.0 has not been tested. But the weekend brought some heavy drop in price, due to generally negative market sentiment, erasing totally profits from the last two weeks. The price of LINK is ending the week by testing the $7.0 support line. This was certainly a strong drop, which LINK did not deserve, but the market is always right.
At the beginning of the week RSI reached a clear overbought side, however, the indicator is ending the week below the level of 50, and around 45. Moving averages of 50 and 200 days continue to move as two parallel lines, still not providing much indication whether they are ready for any kind of a cross in the coming period.
LINK will start the week ahead by testing the $7.0 support line. This line was strongly holding during the last period, while emerging buying orders as of the weekend are providing some potential that $7.0 will hold in the coming days. In case of some surprises, the price might go to the level of $6.5 but just within a short period of time. On the opposite side, current charts are showing some potential for $7.5 in the coming days.