LINKUSDT The curse was broken
For over 500 days, the price of the BINANCE:LINKUSDT below $9.7 was traded, but finally, today, this resistance line has been broken, and the price has been trading above this line for a moment, indicating the end of endless ranges in this area.
In my opinion, this could be the beginning of further price growth.
⛔"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help.#DYOR"
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LINKUSD
WHY IS LINK PUMPING TODAY?Why is Chainlink BINANCE:LINKUSDT pumping today?
Last month, I forecasted this coin on reach to a year-long resistance and to watch out for a potential breakout or pump in the upcoming weeks.
Now, BINANCE:LINKUSDT pumped because of a year-long breakout , that's 16 months to be exact.
What should we do next?
Scalping either long or short would be best in my opinion but be sure to have a setup for that strategy. For intraday traders, be patient for finding some possible bullish patterns (mini resistance breakouts, head and shoulders, cup and handle) as the coin is still in an uptrend. Take note, we can see retracements for the coin price, as the price would wait to be stable from the yearly breakout.
From a technical standpoint, I would rely on identifying a common resistance for a potential take profit area.
I find the $11,446 resistance line convincing since it presents strong support and could be a new resistance line for the coin (click the chart above for better quality) . Another would be at near $12 range, based on the fib retracement of .382 from its all-time high.
This would take possibly a week or more in order to reach that price that I've mentioned.
If you entered the breakout, congratulations! Now, you need to do set a protective stop profit in tranches.
Plot your support line because that will be a guide in taking partial stop profits. In this case, I would plot a diagonal support line. If a breakdown happens with confirmation of candles and your indicators, you could take a bit of your profit OR for those who did not enter, execute a scalp short play and plot your Fibonaccis.
I'll add more forecast to this idea but will update you in the comments section.
Thanks to those who are supporting my past ideas, means a lot. Feel free to comment your questions or suggestions and please follow my profile on this platform for more of this and possibly add more trading content.
PLAN your trades, happy trading!
Celebrating LINK's Remarkable Breakthrough - Long LINK Our beloved LINK defied expectations and broke through its one-year trend with an incredible 13% jump! 🚀
Let's take a moment to appreciate the magnitude of this achievement. LINK has not only shattered the barriers of its previous trend but has also shown its potential for continued growth. This remarkable breakthrough is a testament to the strength and resilience of the LINK community and its long-term vision.
Now, you might be wondering, what does this mean for you as a trader? Well, my friends, it means that there's an incredible opportunity knocking at your door. The time has come to consider joining the long LINK movement and seize the potential for further gains.
Why long LINK, you ask? Here are a few compelling reasons:
1. Momentum: LINK's recent surge has demonstrated its ability to defy trends and propel itself to new heights. By long LINK, you can ride the wave of this positive momentum and potentially maximize your profits.
2. Strong Fundamentals: LINK's underlying technology and the team behind it have repeatedly proven their worth. With a solid foundation, LINK has the potential to continue its upward trajectory.
3. Diverse Use Cases: LINK's integration with smart contracts and decentralized finance (DeFi) applications has opened up a world of possibilities. As the demand for DeFi grows, LINK's value is poised to follow suit.
So, how can you get in on the action? It's simple! Take a moment to evaluate your trading strategy and consider adding a long position on LINK to your portfolio. Keep a close eye on market trends, set realistic targets, and remember to diversify your investments for a well-rounded approach.
Remember, trading is both an art and a science, and timing is everything. While the past performance of LINK is no guarantee of future results, it certainly provides us with an exciting opportunity to capitalize on its recent breakthrough.
As always, please conduct thorough research, consult trusted advisors, and make informed decisions aligning with your risk appetite and financial goals.
Link breaking up from bullflag & inv H&SNot even factoring in the much larger monthly pattern link is breaking up from here and only focusing on the inv h&s and bullflag. Will be interesting to see how price action plays off these measured move lines on the way to their targets. While it seems like we have definitely triggered the breakup from the bullflag I don’t think it has officially broken upward from the inv h&s neckline just yet, but likely will soon. *not financial advice*
link/usdt time frame : 1DayHello friends
Regarding the price link, it reached the limit of the liquidity pool.
I give the probability of a move towards the specified order block.
In that range, according to the price reaction, I decide to sell position
(This analysis is my personal opinion. Be sure to prioritize your own personal analysis)
✅TS ❕ LINKUSD: reversal✅✅ LINK reacted quickly to reach resistance for the fourth time.
The chart instantly went downward.
The price will continue to fall. ✅
🚀 SELL scenario: short to 7.148 🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
LINK ANALYSIS (short term)Link has entered the correction phase after its rise.
Due to the overlapping of the waves and spending similar times, it seems to be inside the diametric pattern.
The link is expected to move according to the predicted path on the chart.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
🔗Chainlink(LINK)🔗 will Go Up⏰(15_min)⏰🏃♂️ Chainlink(LINK) is moving in the 🟢 support zone($7.34-$7.13) 🟢.
🌊In terms of Elliot waves , Chainlink(LINK) has completed its 5 waves in the 15-minute time frame.
💡Also, the Regular Divergence(RD+) between two successive valleys is clearly visible.
🔔I expect the 🔗 Chainlink(LINK) 🔗 to move towards my 🎯 Target 🎯 after the downtrend line breaks.
Chainlink Analyze (LINKUSDT), 15-min 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.
LINK ☀️ Upside In the Next 24 Hours; Bullish Forecast Cloudy ☁️, slightly bearish trading conditions will linger over the global crypto market in the next 24 hours. Sunnier ☀️ slightly bullish conditions will, however, prevail overChainlink Uniswap, and Cardano, according to ATTMO’s forecasts.
Over a one-week horizon, a mixed picture arises. The sun ☀️ will return and shine over Bitcoin, Litecoin, Cardano, and Uniswap. Other altcoins including Ether, XRP, and Binance face bearish clouds ☁️ and downside risks. Avalanche may even face stormy ⛈️ trading conditions, signaling the risk of a very bearish trend.
Follow us for more crypto weather reports!
🔗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.
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.
LINKUSDT - 05/10/23LINK
NOTES:
We look like we are ready to take off here from a cup handle on the 4hr, if BTC breaks out and does the move I'm in the trade for then this will break $8 today!
Targets:
Bullish: $8.80 then $9.50 are my take profits if BTC pumps or this breaks the SUPPLY at $8!
Bearish: $7.00 could be a last leg down before they push up and break if the handle I made doesn't hold I will not take this trade unless the handle breaks and tests!
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
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!
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!