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LINKETH - MONTHLY BREAKOUT (LONG) $LINK Chainlink $LINK has broken out of a brutal downtrend against Ethereum $ETH. LINK has been bleeding against ETH since August 2020 and finally looks ready to breakout of the trend and hopefully go to new ATHs. Link was the star of last bear market, and as we head into poor macro conditions, it looks like history may repeat itself. LINKETH is also sitting on major support and I'm fairly confident that it will hold strong. This could be another fakeout like we saw a few months ago - but I'm optimistic LINK will start outperforming soon regardless. During the mania phase, the market greatly over valued various L1s, meme coins, metaverse, governance tokens, etc. Its time for a return to normalcy and for only the strongest projects to survive/thrive.
COINBASE:LINKUSDLong
by sacred73yt
2
Chainlink (LINK) - June 13hello? Traders, welcome. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (LINKUSDT 1W Chart) 11.31 and below are likely to be mid- to long-term investment areas. Therefore, it is important to be able to climb to the 11.31-14.49 section. (1D chart) In the short-term and medium-term perspective, it needs to move above 7.72 and find support to turn into an uptrend. However, as the 11.31-14.49 section is the section that determines the trend, it is expected that the upward trend will continue when it rises above this section. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator will move accordingly as price and volume move. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (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
3
LINK: overbought market is postponed? LINK had an excellent start of the previous week, when its price managed to break the $8 long term resistance line, reaching its highest level at $9.6. Resistance line at $10 has not been tested on this occasion. Unfortunately, negative macro fundamentals pushed the price down to level of $7.1 as of the end of the week. Prevailing buying orders for LINK started to push the RSI up to the level of 61 on its road toward the overbought market. Still, this indicator is ending the week below line of 50. However, in this case it does not look like the market gave up from the overbought territory but it has just been postponed. Moving averages of 50 and 200 days are continuing to move as two parallel lines with downtrend, not indicating potential cross in the coming period. LINK showed high potential for an uptrend during the previous week. In case that coin reverts this trend, the price might again move back to the $8 resistance line, with some potential that next short term resistance at $10 might be tested. On the opposite side, there is a decreased probability that the support line at $6 might be tested in the coming days. Disclaimer: This article provides exclusive views of the author. It does not in any sense represent a suggestion for trading.
COINBASE:LINKUSD
by XBTFX
link.the same as all the other coins, link put in a clean 5 waves up, and has since put in 3 waves down. --- i'm starting to like the idea that the move down from the highs was only the first of three larger legs. in this case, it came down in a simple zig-zag, so i'm going to be labeling this abc as wave (w). wave x usually retraces 0.50% of the entire drop, but it can go to the 0.618~0.65% as well. wave y will drag out into 2023, where it will find a bottom most likely closer to $1.22. --- w-x-y, is nicknamed a double combo, and it consists of three zig-zags (it can also become more complex, and have smaller double \ triple combos within it). --- risk management is your #1 priority, everything else should come second. 💰
BINANCE:LINKUSD
by notoriousbids
3