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LINKUSD

LINKUSD Has the world given up on ChainLink?ChainLink (LINKUSD) was one of the hottest crypto from 2019 to 2021. Ever since the May 2021 top though it has been trading on Lower Highs and Lower Lows, failing to recover its All Time High (ATH). The February 2022 Low came very close to the 1W MA200 (orange trend-line) and as long as it holds, LINKUSD will most likely sustain its cyclical bullish trend. The natural Resistance is the 1W MA50 (blue trend-line), a break above which, should be enough to restore the price on a new upside sequence. Basically LINK has been trading within the 1W MA50 and the 1W MA200 since mid January 2022, effectively 3 months. Despite the bearishness and loss of faith of the market since 2021, the first long-term bullish indicators have started to emerge: 1) The Ichimoku is on the Red Cloud already. In the two past occurrences, when that emerged, ChainLink had already started the parabolic rally phase. 2) The 1W RSI hit in late February/early March the 37.500 Support that was formed on the June 18 2018 1W candle. 3) The 1W LMACD is approaching the -0.21000 Support of the July 16 2018 1W candle. An LMACD Bullish Cross might be emerging and if formed it will most likely kick-start the parabolic rally much like the August 13 2018 Bullish Cross did. The final but rather late condition would be when the 1D MA50 (red trend-line) crosses above the 1W MA50. Every Higher High has been on a +0.5 Fibonacci extension progression. First was the 1.0 and then the 1.5, 2.0 and 2.5 Fibonacci extensions followed. Technically, the next Higher High of the Cycle should be on Fib extension 3.0 around $147.00. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
BINANCE:LINKUSDLong
by TradingShot
3
LINKUSD - 15 min watching this line. Market wide.I was just mentioning this to another trader with very nice chart work. He had bitcoin shooting up. But if you look, even if that us where we are headed, you will need a drop down. Think about it like the superhero take off into flight. and superman, the new ones, where he almost pushes into the resisted form of the earth to absorb the energy of force. We need that dip into the pool of belief. I think that will be a main factor in the height of the next leg of consolidation.
COINBASE:LINKUSD
by mindfree
3
LINK - Long term perspectiveHello, I've invested in $LINK in 2018 and bought somewhere around 0.22$ and now I wanna take a look where it's heading. As you can see the yellow lines shows support/resistance on a closed candles. The white lines shows support/resistance on a wicks. Based on that I can see that we still have room to go lower to smoewhere around 7$. This is the zone where the retail investors will be scared and think that the project is dead but smart money will buy the dip. In conclousion I wanna say that this move will also depend on a Bitcoin price action. Personaly I will be waiting for May to see if we go lower or we are already hit the bottom. P.S. Tell my your thoughts on $LINK in the comment section.
BINANCE:LINKUSDLong
by jokubas
1
LINK above 21$ would be a sign of massive reversal!Here's a quick look at the LINK Daily chart . As we can see, the price has been oscilating withing a bigger falling wedge. BTC needs to get above 48k before we can expect a break above 21$! The best entry would be when the price breaks above 21$ with good amount of volume . Definitely one to keep an eye on! ------------------------------------------- The idea is: Buy when the price breaks above 21$ and take profits at the levels shown in the chart. Targets: 1. 24$ 2. 28$ 3. 32$ 4. 36$ ------------------------------------------- What Is a Wedge in the context of trading?: "A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows of a price series over the course of 10 to 50 periods. The lines show that the highs and the lows are either rising or falling and differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge-shaped trend lines are considered useful indicators of a potential reversal in price action by technical analysts. Key Takeaways for Falling wedges: 1. Wedge patterns are usually characterized by converging trend lines over 10 to 50 trading periods. 2. The patterns may be considered rising or falling wedges depending on their direction. 3. These patterns have an unusually good track record for forecasting price reversals." ------------------------------------------- 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 fall as well. Trade safe!
Long
by MBM_Crypto
2
Chainlink (LINK) - April 6Hello? Traders, welcome. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (LINKUSDT 1W Chart) Primary resistance: around 20.84 Secondary resistance: 27.20-30.38 Support: 11.31-14.49 If it falls below the 11.31-14.49 range, it is highly likely to enter the mid- to long-term investment area, so careful trading is required. (1D chart) (buy) - After confirming the support in the section 14.49-16.15 (Stop Loss) - When it falls below 14.49 and receives resistance - When it falls below 11.31 (Sell) - When resistance is received in the section 23.03-24.70 - When receiving resistance in the section 27.20-30.38 If the price is maintained above the 27.20 point, it is expected to surge above the 32.10 point. ------------------------------------------------------------ ----------------------------------------------------- ** 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-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet. (Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.) ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** 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
5
Soon there will be a reversal!Here's a quick look at the LINK Daily chart . As we can see, the price has been oscilating withing a bigger falling wedge and a break to upside could be around the corner! The best entry would be when the price breaks above 21$ with good amount of volume . Definitely one to keep an eye on! ------------------------------------------- The idea is: Buy when the price breaks above 21$ and take profits at the levels shown in the chart. Targets: 1. 24$ 2. 28$ 3. 32$ 4. 36$ ------------------------------------------- What Is a Wedge in the context of trading?: "A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows of a price series over the course of 10 to 50 periods. The lines show that the highs and the lows are either rising or falling and differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge-shaped trend lines are considered useful indicators of a potential reversal in price action by technical analysts. Key Takeaways for Falling wedges: 1. Wedge patterns are usually characterized by converging trend lines over 10 to 50 trading periods. 2. The patterns may be considered rising or falling wedges depending on their direction. 3. These patterns have an unusually good track record for forecasting price reversals." ------------------------------------------- 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 fall as well. Trade safe!
Long
by MBM_Crypto
2
LINK/USDT Wyck-Off Analysis New ATH (now 45% Up from our entry )#LINK/USDT Wyck-Off Analysis Update- Hey fame, hope you all doing well. In the last chart of $LINK, I shared a Long-term view based on the Wyck-Off methodology. #LINK currently trading at $18 And It’s Almost 45% Up from our entry zone. 45% Is good profit in Short Term. $LINK followed our path very accurately, price was at the place of the secondary test of Phase B. As we mentioned in the previous idea, the price is currently in the big accumulation range and it can leave this range at any time followed by high buying pressure. Accumulation structure played, wWe have seen ST in Phase B and after the test 'SPRING' took place. However, the 'Spring' shakeout was not much greater in terms of retracement % and that's because of the market bullishness and buying pressure. $LINK price is following the other major altcoins and bitcoin move as crypto market behave relatively, all they have kind of similar move. If the crypto market continues showing its bull strength and starts moving even higher, high probability that $LINK will hit its higher target. Maybe in the next Altcoin rally, we will see $LINK is breaking out of a structure and making new highs in the future.
Long
by CryptoPatel
3