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LINKUSD

LINK: Is $8 the next target?Although the previous week was a positive one for the crypto market, still the moves made could be perceived as incremental. LINK was also following that general market sentiment and managed to cross the resistance line at $7, by reaching its highest weekly level at $7,6. Next resistance line at $8 has not been tested on this occasion. RSI was pushed from level of 45 up to 57, which indicates that the market had turned its eye toward the overbought side. Moving average of 200 days is modestly approaching toward its MA50 counterpart, but the golden cross is still far away. Current charts are suggesting an increased probability that the $8.0 resistance line might be tested in the coming days. At this moment there is no indication that this resistance line could be breached to the upside. On the opposite side, there is some probability for the $7.0 support line to be tested for one more time in the week ahead.
COINBASE:LINKUSD
by XBTFX
Chainlink (LINK) - October 19Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (LINKUSDT 1W Chart) The key is whether you can climb to the 11.976-15.374 section. To do this, it is necessary to check whether it can be supported near 6.7. (1D chart) Resistance: 8.290-8.822 Support: 6.7-7.411 The key is whether it can find support at 6.7-7.411 and move above 7.605. To do that, we need to make sure we are breaking out of the downtrend line. Otherwise, it is expected to drop to around 4.976. ------------------------------------------------------------ ------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator contains indicators that indicate support and resistance points. ** SR_R_C indicators are displayed as StochRSI(line), RSI(columns), CCI(bgcolor). ** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100). (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
Chainlink (LINK) - October 10Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (LINKUSDT 1W Chart) Whether or not it can move higher than 11.064 is key. To do that, we need to make sure we can keep the price above 6.7. (1D chart) 1st resistance: 8.290-8.822 2nd resistance: 9.869-11.064 Support: 6.7-7.411 If it finds resistance after falling from 6.7, I would expect it to move towards the 4.976 area. ------------------------------------------------------------ ----------------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator contains indicators that indicate support and resistance points. ** SR_R_C indicators are displayed as StochRSI(line), RSI(columns), CCI(bgcolor). ** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100). (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
1
LINK/USDT - LONG 1D CHART----- Welcome, dear followers! ----- - Here is my trading methodology. I trade with a normal system and analysis of resistance and support, as well as price reversal patterns. - For the record, I do not place a stop loss within my trades. So that I only risk 1.5% of my total capital in order to support the loss due to a price reversal against me. - If a price reversed against my expectation and touched the drawn line r3, then I transferred targets to the entry point and waited for the price to close at it with a loss equal to almost zero. - Today's deal is shown in the chart, and here are the entry and exit points below. -- Support me with numbers and follow up on my account for other deals in the future. Thank you for coming to this part. -- ------------------------------------------------------- ⚡️⚡️ LINK/USDT ⚡️⚡️ Exchange: Binance Futures Trade Type: Breakout (Long) Leverage: Cross (1.0X) Entry Orders: 1) 8.176 - 100.0% (54.9606 USDT) Take-Profit Orders: 1) 9.065 - 80.0% 2) 9.976 - 19.999% Trailing Configuration: Stop: Breakeven - Trigger: Target (1)
Long
by Mahdicryptodotma-pro
LINK: $6.5 one more time?Despite increased investors interest for LINK, during the previous week the coin modestly reverted to the downside. Highest weekly level reached was $8.5, however, there has not been market strength to reach the $9 long term resistance line. At the same time, a short reversal to the downside was up to the level of $7.3, still above $7.0 support line. Market continues to make shy trades, supported by the general insecurity over future macro conditions. During the week RSI went up, modestly below level of 60, however, as of the end of the week the indicator reached level of 48. Such moves are confirming that investors have still not clearly decided on the trading side. Moving average of 50 days started modest divergence from MA200 counterpart. It is still early to note if this is a new trend for MA50. At this moment, charts are clearly pointing to a $6.5 short term support line, which is to be tested in the coming days. There is no clear indication that this line could be breached to the downside. On the opposite side, there is a probability that LINK will revert to the upside and $8.0 resistance line to test it for one more time. At this moment, the $9.0 long term resistance line is shortly postponed.
COINBASE:LINKUSD
by XBTFX
Chainlink (LINK) - October 1Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (LINKUSDT 1W Chart) The key is whether you can climb to the 11.976-15.374 section. (1D chart) Primary resistance: 8.290-8.822 Secondary resistance: 9.869-11.064 Support: 6.7-7.411 We need to see if we can get support in the 6.70-7.411 section and move up to 8.290-8.822. If it falls below 6.7, it is expected to decline to around 4.976. As the Stoch RSI indicator is on the decline, it looks like we will soon enter the oversold zone. If you enter the oversold zone, it is important to find support in the 6.7-7.411 zone when you break out of the oversold zone. If supported, it is expected to move higher along the short-term uptrend line. ------------------------------------------------------------ ------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator contains indicators that indicate support and resistance points. ** SR_R_C indicators are displayed as StochRSI(line), RSI(columns), CCI(bgcolor). ** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100). (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
1
Chainlink : The 4th Industrial RevolutionToday H₿ Capital is analyzing LINK based on a (2W) chart 📈 What is ChainLink ? Chainlink is a decentralized blockchain oracle network built on Ethereum. The network is intended to be used to facilitate the transfer of tamper-proof data from Off-chain sources to On-chain smart contracts. This solution is important because currently, most smart contracts are “isolated” on the blockchain, which means they can only interact with other contracts on that same blockchain. This limits their usefulness, because in the real world, data doesn’t live on just one blockchain. In order for adoption to truly take hold, different systems need to be able to talk to each other in a seamless and secure way. Chainlink solves this problem by providing a way for smart contracts to access data from off-chain sources. This data can be anything from cryptocurrency prices to weather data or even individual identity information. In 2021 Chainlink has signed Eric Schmidt, Google former CEO, as a strategic advisor. Recently, the Interbank messaging system "SWIFT" has partnered with price oracle provider Chainlink to work on a proof-of-concept (PoC) project which would allow traditional finance firms the ability to transact across blockchain networks. To fully understand the extent of this partnership, remember that SWIFT is the most widely used interbank communication platform for cross-border payments. In particular, it connects more than 11,000 banks around the world and records an average of more than 40 million daily transactions (are you bullish now ?). Technical Analysis What we can see : - LINK made a complete Elliott Cycle started in June 2018 with the first leg of the impulsive wave (1,2,3,4,5) - Back in may 2021, following the bitcoin crash, Link started its " A B C" corrective wave movement in a "regular flat" structure (3,3,5) - By using Fibonacci retracements from the beginning of wave 1 (0,16$) to the top of wave 5 (52$) we can see that prices have stabilized on the 0,886 fib level (which generally indicates a potential bottom). Reasons to be bullish : - The spreads (long / short) are very low - Prices closed above the Tenkan and seem to hold it - Prices break the first downtrend line - MACD seems ready to initiate a bullish crossing - The slow stochastic wants to leave the oversold region So regarding all of the above informations, it seems that Link is ready to start a new Elliot cycle (1,2,3,4,5 / ABC) Two scenarios we can expect : Case #1 : Bulls - Prices take support on the Tenkan and break with conviction the 10$ area where we have a massive resistance (Kijun + SSB flat alignment) - RSI closes above level 46,67 / The stochastic closes above the oversold region / MACD crosses bullish R1 ----> Kijun flat (22$) R2----> Second downtrend line contact R3 ----> SSB + Kijun flat alignment : (28$) R4 ----> ATH (52$) TP1 ----> 89 $ (1,618 Fib level) TP2 ----> 142 $ (2.618 Fib level) TP3 ----> 194 $ (3.618 Fib level) Case #2 : Bears - Prices close below the Tenkan and below our first downtrend line. - RSI fails to break the 46,67 level / Stochastic fails to leave the oversold region / MACD doesn't cross bullish TP1 ----> 6,14 $ (0,886 Fib level) TP2 ----> 4,57 $ (Top of the biggest VPVR bar) TP3 ----> 3,46 $ (VPVR - Point of control) Good luck traders, may the crypto be with you 🍀 FEEL FREE TO LEAVE A LIKE AND FOLLOW ⭐ H₿ CAPITAL ⭐
COINBASE:LINKUSD
by Hector_Bienvenu
#Chainlink Prices up 48% in 3 Months, LINK Bulls Target $9.5Past Performance of Chainlink Chainlink prices are inching higher and are relatively resilient versus BTC and ETH. If anything, LINK buyers have had the upper hand over the past three months despite the bearish status of crypto assets in the past ten months. Technically, LINKUSDT is broadly within a bear flag, with the primary resistances at $8.2 and $9.5. #Chainlink Technical Analysis LINK is up roughly 48 percent from 2022 lows, trending inside a bear flag. As Chainlink bulls press on, the immediate support is at last week's lows at $6.6. Conservative traders can wait for a clean breakout above $8.2 before loading the dips, targeting $9.5 as LINK turns the corner, bottoming up. This will be highly likely considering the strong surge of early Asian session that not only quashed bear attempts of September 26 but also forced the coin to this week's highs. On the flip side, if Chainlink bears flow back, forcing the coin below $7, the uptrend will be nullified. In that case, the odds of LINK syncing with the primary bearish trend will also be elevated. What to Expect from #LINK? Buyers are optimistic, but LINK prices must first clear immediate liquidation levels if there should be confirmation of the uptrend. For now, Chainlink bulls stand a chance if prices are held above $7 and $6.1. Meanwhile, if buyers succeed, prices could float to $9.5 as bulls finally shake off sellers. Resistance level to watch out for: $8.2 Support level to watch out for: $7 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer