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LINKUSD

Link breaking above last potential top trendline of triangleIt’s still unclear whether or not link’s macro pattern is more valid as a falling wedge or a symmetrical triangle, however it seems now that we are finally closing daily candles above the last potential top trendline for that pattern. That trendline is most valid on the weekly chart so we still need to close the current weekly candle above the white trendline..after that we should see the follow up weekly candle confirm the white trendline as support on a retest ….if the follow up weekly candle closes above the white trendline odds are very good at that point the breakout will be validated…it may wait until the 3rd weekly candle to start the bullish impulse…or it could come as early as the current weekly candle…will have to see how the next few weekly candles play out. I chose to show this chart on the daily time frame instead of the weekly to illustrate how price action is also now back above both the 1 day 50 and 200 moving averages. If it can hold the daily 200ma as support during the next few weekly closes then the breakout will be confirmed. *not financial advice*
COINBASE:LINKUSD
by DrDovetail
LINK: short correction?In line with expectations based on charts analysis, LINK continued to test the $7.0 resistance line during the previous week. The line has not been clearly breached, due to lower trading volumes and negative news related to Genesis bankruptcy filings. During the previous week markets were much more focused on major coins on the market, rather on altcoins. But, overall, LINK had a solid week. Two weeks ago RSI reached a clear overbought side, but during the previous week, the indicator was still holding above level of 50. Another move toward the 70 line is unlikely at this moment, in which sense, there is an increased probability that LINK will enter into a short price correction to the downside. Moving averages of 50 days diverge further from the MA200 counterpart, which is further decreasing the probability of potential cross. Charts are pointing to the potential of a short reversal. However, it should not be expected any sort of significant price move to the downside, rather $6.5 could be tested for one more time. On the opposite side, there is a decreased probability for $7.0 to be breached to the upside, but the coin will start the week ahead by testing this level.
COINBASE:LINKUSD
by XBTFX
LINKUSD: Should We Expect More Upside Movement? 🥹 | Jan. 13This week, we will stick to the 4-hour time frame to analyze the price action in detail. The bulls seem to be in control after another strong week. After a strong rally last week, LINK was able to extend its gains to hit a new swing high of $7.1. We can see some consolidation happening now which was expected after the sharp rally that started earlier this month. In our previous analysis at CoinMarketCap Alexandria, we had anticipated a move to $7.35 - it was almost achieved earlier this week. The supply zone at $8.51 will become the new target once the resistance at $7.35 is regained. This view is only valid if the price can sustain itself over $7.35. It is very important for the price to sustain over $6.30 right now, as a breakdown from this level could lead the price to $5.6. Traders must still maintain caution by waiting for a reversal from the support at $6.30. If a reversal is seen, then the coming week may be more favorable for the bulls! The important price levels for this week are $6.5 and $7.35!
by CoinMarketCap
Link in "bullish" mantra.Hello again, I do not forgot on Chainlink fans. I will update this chart. It's good to have some Defi king in future bag. Especially, when its CEO is one of few really suspicious as Bitcoin founder ( Satoshi ) ;- ) However Link is still in pure downtrend with some higher lows and highs. potentially aiming to 382 Fibo in my mind, where would be bottom at the support of this channel. Like Bitcoins, we should see some pivot ( maybe higher ) first. But without any guarantees. This time, I like to focus on my target, as far it seems the same with BTC, ETH , etc... I just can't find any imporatant high crypto margets above are at the moment... I will believe later, when Chainlink hits 3 Dollar teritorry. It is , how it is and would change in near future. Always with care and ready, Emvo. *This is not any financial advice.
COINBASE:LINKUSD
by Emvo10
LINK Daily Outlook### 🌐 Chainlink **(LINK) $**6.508 **(+0.59%) - Bullish Outlook 🐂** **LINK Overview:** - ***Closest daily support zone: 6.823 - 6.754*** - ***Closest daily resistance zone: 6.899 - 6.982*** - ***Key Level: 7.7462 (Monthly Close of Jul. 2020)*** Congrats to those who got on the first ride. LINK is currently awaiting the next breakout which is around 7.27 based on various daily close points and fibonacci levels. **LINK Daily Resistance zones** 1. 6.899 - 6.982 2. 7.077 - 6.270 3. 7.483 - 7.847 **LINK Daily Support zones** 1. 6.823 - 6.754 2. 6.614 - 6.455 3. 6.357 - 6.082
Long
by pitarsama
Wyckoff Accumulation Phases for $LINKCOINBASE:LINKUSD Hi people, Last time I published an idea here was almost 4 years ago which I DCA'd into Link token. Price went all the way up to $50's. Twas all sunshine and rainbows with price predictions of $1KEOY all over twittersphere. Then came the bears. During this cold season and absolute shitshow going on in cryptospace, Link token and fellow marines (which I consider myself one) experienced a heavy decline with considerable depreciation against BTC and therefor USD. Finally after this ugly cold bear season here we are again with a possible Wyckoff accumulation phase. Congrats to fellow marines who managed to survive till now. It's still cold out there but bears are ready to hibernate. Here is my 2 cents on current LINK/USD chart: Chainlink has spent months in this zone printing a choppy sideways PA. With all $LINK fundamentals available I think we are ready for a strong price markup. First phase of staking is completed. CCIP, DECO all getting ready to roll out. On March 2023, Swift will implement and start ISO 20022 migration. Which is a huge thing for $LINK. Link partnerships are at ATH, Chainlink dominates. I expect CCIP (Cross Chain Interoperability Platform) maybe rolled out around that SWIFT timeframe. Chainlink Labs is hiring talent relentlessly. IYKYK. With most of my $LINKs already staked I once again started to accumulate some more for long term hodl'ing. On my chart you can see possible Wyckoff accumulation phases. I happen to prefer horizontal levels for my analysis, which works better for me. Preliminary supply, selling climax, change of behavior, secondary tests, upthrusts all there. TBH I would expect that spring action go lower but I learnt from experience that during these kind of silent and boring days market can move pretty quick and leave you behind. As old adage says: never short a dull market. Now it's a waiting game for me. I already staked my tokens and feeling comfy (can't move them anyway). And with my new linkies in my wallet I'm feeling confident on my analysis. Let me warn you tho. I have strong opinions weakly held. I'm willing to react as market situations evolve. I'll try to keep this chart updated. Stay safe. LFG! Not Financial Advice. Educational purposes only. Please manage your own risk.
COINBASE:LINKUSDLong
by parababoli
1
LINK: $7.0 will be testedDuring the previous week LINK was following generally increased investors optimism on financial markets. Daily trading volumes were modestly increased, so the coin took the uptrend, moving from level of $5.77 up to $7.0 resistance line. This was a relatively modest performance from LINK, if we take into consideration movements from many other altcoins. Still, it shows the potential that this coin has for even higher grounds in the coming period. The RSI went to the level of 67, which is quite close to the overbought market, but it is still not the clear overbought side. It might indicate the possibility for the price to be pushed further to the upside, until the clear overbought indication. At the same time, MA50 is moving away from its MA200 counterpart, decreasing the probability of potential cross in the coming period. After reaching the $7.0 resistance line, LINK reverted a bit to the downside, ending the week around $6.7. There is a high probability that the coin will continue to test the $7.0 resistance line at the beginning of the week ahead. There is lower probability that this level might be breached to the upside, in which sense, the coin could revert a bit to the downside, and short term stop line at $6.5.
COINBASE:LINKUSD
by XBTFX
1
LINKUSD: Will LINK extend its gains? | Jan. 13, 2023This week, we will stick to the 4-hour time frame to analyze the price action in detail! After setting a new 52-week low earlier this month, LINK seems to have recovered significantly from the fall. It broke a very crucial support at $5.7, however, the bulls were quick to return to help push the price back above the demand zone. We can see strong momentum, and traders can expect the price to approach the upper resistance at $7.6 in the coming weeks if the momentum is maintained. Once the resistance at $7.35 is reclaimed, we can see a clear path to the supply zone at $8.51. However, this view is only valid if the price is able to sustain above $7.35. We might face some resistance at $6.5. Once this zone is cleared, a move to $7.35 looks almost certain! Traders must still maintain caution by setting a stop-loss below the demand zone at $5.7. The coming week may be more favorable for the bulls! The important price levels for this week are $6.5 and $7.35!
by CoinMarketCap
1
LINK: $6.0 is on holdEnd of the previous year was pretty challenging for the crypto market. A lot of negative news related to FTX contingencies shaped the sentiment of investors. LINK ended the previous year at a $5.5 short support line, with the question if the start of the new year could bring some relief on the selling side? During the last week of December, LINK managed to break the $6.0 support line, reaching minimum weekly level at $5.4. First week of January brought some buying orders, but still, due to the holiday season, total daily trading volume was insufficient in order to push the price back to the $6.0 resistance line. The highest weekly level reached was $5.8, where the LINK is finishing the week. In line with modest market moves, RSI made incremental changes from the level of 36 up to 46. There is still no signal that the market is eyeing the overbought side. Moving average of 50 days started its divergence from MA200 counterpart, which decreases probability of potential cross in the near future. As per current charts, the probable target of LINK would be the $6.0 resistance line in the coming period. However, considering low daily trading volumes, currently it might be a struggle for this coin. On the opposite side, a short support line at $5.5 might be tested for one more time.
COINBASE:LINKUSD
by XBTFX
Reacted positively to the support rangeLast week, LINK reacted positively to the support range of $5.42-$5.57 and returned to the previous resistance at $5.75-$5.85. This static resistance is reinforced by a dynamic resistance, whose trend line you can see in the chart. The complete breaking of this resistance should be done simultaneously with the breaking of the resistance of $6.317. Otherwise, due to the existence of higher resistances, we cannot expect to confirm the breaking. If this happens and a strong bullish candle is registered, the possibility of further price growth and moving toward the resistance area of $7.297 will increase. This is because the midline of the descending channel is also in the current range, and it has strengthened the resistance at $6.317. So buyers' support can push the price back to higher targets. According to the strength of the last downward wave in the daily timeframe, the specified resistances show the power of a high negative reaction. Therefore, there is a possibility of short-term buyers saving profits at these levels.
by MonoCoinSignal
LINK - Strong reaction?LINK has been trending down for the past few weeks. A support level in the $5.75-$5.85 range caused only one downtrend correction, and it was broken again as sellers took strength. On the other hand, a downward trend line is considered on the chart, and if this resistance is broken, we can expect the price to grow to the ranges of 6.5 and 7 dollars. But if the selling pressure continues, we can expect another bearish wave to form to the $4.3 range. There is a confirmed twin bottom pattern at $5.45 in the 4-hour time frame, where we can at least expect price growth to continue up to the $5.75-$5.85 resistance. The point is that meeting this resistance can be accompanied by a strong reaction, which this week we can consider a range trend at best for LINK.
by MonoCoinSignal
4
LINKUSD Is Finishing A Higher Degree CorrectionLINKUSD is finishing a higher degree correction, as we see it nearing strong support zone from Elliott wave perspective. LINKUSD is trading bearish since May 2021, but weekly wave structure from the highs looks like a clear three-wave A-B-C correction within a higher degree wave IV that can find the support soon, ideally at the former wave (3) swing high and equal wave length II = IV. Recovery for wave V in 2023? Wave C is a motive wave and it should be completed by a five-wave cycle of the lower degree, so looking at the daily chart, seems like it's now trading in final stages of (5) of C after recent sideways triangle consolidation within wave (4). Technically speaking, we believe that LINKUSD may find the strong support between 5-4 support area, just keep in mind that bullish confirmation is only above 13 level. Invalidation level remains at 1.5. Happy holidays and all the best in 2023! If you like what we do, then please like and share our idea! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
BINANCE:LINKUSDLong
by ew-forecast
2