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LINKUSD

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.
COINBASE:LINKUSD
by XBTFX
Quick look at LINKHere's a quick look at the LINK daily chart. As we can see, the price is trying to hold above the resistance zone, and if the price manages to sustain its position above the resistance zone, then a move to the red trendline is likely to happen! Therefore it is recommended to monitor the resistance zone in case it does sustain its position above it! ------------------------------------------- Recent Altcoin trades: ARB / USDT: 30% profit! ROSE / USDT: 5% profit! ------------------------------------------- About our trades: Our success rate is notably high, with 10 out of 11 posted trade setups achieving at least their first target upon a breakout price breach (The most on TW!) . Our TradingView page serves as a testament to this claim, and we invite you to verify it! ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups. BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
by MBM_Crypto
4
LINKUSDTLINKUSDT Thoughts The price has been moving in the accumulation zone for almost a year. The exit from such zones is very often given an upward impulse, so that a major player can reset his positions. Now the price has approached the local resistance zone inside the consolidation. If BTC continues its upward movement, then we will see both a breakout and the possibility of exiting upward from the consolidation. For ease local targets were marked on the chart. ☑️Targets: $11.12 - $13.08 - $14.45 However, we focus on the situation. Always look at the market globally and adjust to the general mood. If you like the idea, don't forget to subscribe and rate like👍
by Andrey_Crypto
1
LINK: higher grounds on holdMarkets were slowing down during the previous two weeks, and LINK was just following the flow. Previous week LINK started around $6.7 and gradually increased the price until $7.6, where was the point of weekly short reversal. LINK is ending the week around $7.5 support line. RSI continues to hold above level of 50, which indicates that the market is still more oriented toward the overbought side. Moving averages of 50 and 200 days continue to move as two parallel lines, which are still supporting the Golden cross occurred a few weeks ago. It is evident from charts that the markets are slowing down. So will the price of LINK in the coming week. There is a higher probability that the coin will test the $7.0 support line, however, there is no clear signal if the price could go below this level. On the opposite side, charts are showing potential for the $8.0 resistance line to be tested for one more time, but it is still not clear if this testing will occur in a week ahead.
COINBASE:LINKUSD
by XBTFX
CHAINLINK Loves JUNE / JULY 🚀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. When it comes to macro trends and cycles or phases; I prefer to make use of fractals and probability. (I'll do a video on probability at some point in the near future, stay tuned!) I've done a number of updates on LINKUSDT. It's of particular interest to me because it has lagged in the sense that it's still consolidating. Consolidation is a "bullish" sign, because after consolidation comes the next rally. Considering that LINK rallies almost EVERY YEAR during JUNE - JULY, there is a high probability that this year will be the same, especially considering the extended consolidation phase. I'm not saying the price won't go up before then but it's certainly a month to keep your eye on. Don't forget to check out the latest updates on Bitcoin, Cardano and XRP ! _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
38
Same idea on a smaller tfChainlink's blatancy while moving through this channel the closing triangle below $10 it's surprising. The range is going to change soon, for the better, one would hope. If you are like me and you feel that Chainlink is the next step in blockchain, web 3 and cryptocurrency. Then you believe that Chainlink will reach $1000. Then you should believe this. Bitcoin at $1000 in 2013 / 6.66 + 2 years = Bitcoin at $150 in 2015 x 133 + 3 years = Bitcoin at $20000 in 2018 Chainlink at $50 in 2021 / 6.66 + 2 years = Chainlink at 7.5 in 2023 x 133 + 3 years = Chainlink at $1000 in 2026 Ethereum is something else though. ETH gained 40,000% over 5 years. It outperformed bitcoin as far as that and volatility over a 5 year period. If Ethereum grows at the rate with Chainlink it could be worth $500,000 in 2026 while Chainlink is at $1000. Chainlink is already outperforming what Bitcoin did. What if Chainlink outperforms Ethereum?
COINBASE:LINKUSD
by Mycatdorito