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LINKUSD

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
Chainlink (LINK) - March 31Hello? 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 You need to break out of all downtrend lines to accelerate the uptrend. (1D chart) The price should hold above 17.76 to turn into an uptrend. The key point is 17.76. (buying) - After confirming the support in 16.15 - After confirming the support in 17.26 (Stop Loss) - When resistance is received after falling below 14.49 - When receiving resistance after falling below 11.31 (Sell) - When receiving resistance in the section 23.03-24.70 - When receiving resistance in the section 27.20-30.38 Point 20.84 is the psychological resistance zone. So, you can rock it up and down to break through this point. The 23.03-24.70 section is likely to find resistance to break out of the downtrend line (1). ------------------------------------------------------------ ----------------------------------------------------- ** 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
LINK is stuck between 16 & 28$🌳LINK Is in a Broadening Wedge which means the price can range in the pattern until a break out happens. The price now sits above It's support (around 16$) which increases the odds of break out. So now there are two scenarios actually. One is that LINK would fail to break the pattern & after a bit of increasing, it would decrease to support once again. Another scenario is that the Break out would happen and LINK would fly afterward! If the break out happens, the price would reach 28$ which a strong resistance sits there. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Thank you for seeing idea . Have a nice day and Good luck
by CobraVanguard
11
LINK - 5 Year Continuous Macro UptrendThis was the chart I found that went back the furthest. When in Log Scale, you can see above that Chainlink has been in a 5 year continuous uptrend. Notice there have been several times where the channel was broken, but as we know in technical analysis, it is not the initial breakdown that matters, but the follow through price action. As you can see, the follow through price action every single time has lead to almost-immediate reentry to the channel. I believe that Chainlink is starting the next wave to the top of this channel, a wave that would put Chainlink at ATHs close to the heartline at the middle of the channel. Heading to the top of the channel would put us somewhere in the area of $120 - $ 195. Note that this is a very long term HODL play, and it is actually too long for my tastes, as I do not HODL Chainlink.
COINBASE:LINKUSDLong
by mithril_web3
8
LINK : CLOSER LOOKSupport and resistance Just see price action and then take ur decision I look forward to the yellow descending line for the first main target . PS. *** All of my analysis is for scalping method, Not suitable for coin holders / Investor.... It's my trading diary particulary to practice scalp trading skill. *** If you follow it please adjust the stop loss at your acceptable risk. >>>>FYI When I trade I use low leverage and only cut loss . Feel free to share your thoughts, Trade safe and fun!
BINANCE:LINKUSD
by baby_rhino
LINK (Chainlink) Token Analysis 26/03/2022Fundamental Analysis: Founded in 2017, Chainlink is a blockchain abstraction layer that enables universally connected smart contracts. Through a decentralized oracle network, Chainlink allows blockchains to securely interact with external data feeds, events and payment methods, providing the critical off-chain information needed by complex smart contracts to become the dominant form of digital agreement. The Chainlink Network is driven by a large open-source community of data providers, node operators, smart contract developers, researchers, security auditors and more. The company focuses on ensuring that decentralized participation is guaranteed for all node operators and users looking to contribute to the network. Chainlink is one of the first networks to allow the integration of off-chain data into smart contracts. With many trusted partners, Chainlink is one of the major players in the data processing field. Due to the integration of off-chain data, Chainlink has attracted the attention of numerous trusted data providers, including Brave New Coin, Alpha Vantage and Huobi. Data providers can sell access to data directly to Chainlink, thus monetizing the information they have. As a decentralized network, Chainlink allows users to become node operators and earn revenue by running critical data infrastructure required for blockchains’ success. Chainlink uses a large collection of node operators to collectively power a wide range of decentralized Price Feed oracle networks live in-production, which currently secure billions in value for leading DeFi applications like Synthetix, Aave, Compound and more. As an Ethereum-based ERC-20 token, Chainlink is secured by the proof-of-stake (PoS) consensus mechanism. Unlike the proof-of-work (PoW) consensus utilized by Bitocin, PoS relies on the amount of staked tokens for selecting node validators. PoS protocols were created with the idea to battle the vast power consumption required by PoW systems. PoS models are becoming increasingly popular as they need less electrical power and are easily scalable. While PoW has proven itself a reliable consensus mechanism, Ethereum and all other ERC-20 tokens have been growing rapidly and setting the trend in the space. Sergey Nazarov is a co-founder and CEO at Chainlink Labs. He graduated with a degree in business administration from New York University, with a focus on philosophy and administration. His professional career began as a teaching fellow at NYU Stern School of Business. In 2009, Nazarov co-founded ExistLocal, a peer-to-peer marketplace for authentic local experiences. In 2014, he also co-founded CryptaMail, a completely decentralized, blockchain-based email service. In 2014, Nazarov teamed up with Steve Ellis and launched SmartContract, a platform that brings smart contracts to life by connecting them to external data and widely accepted bank payments. SmartContract was one of the entrepreneurial ventures that led Sergey Nazarov to the founding of Chainlink. Steve Ellis graduated with a degree in computer science from New York University in 2010. Right after graduating, he became a software engineer at Pivotal Labs. In 2014, he co-founded the Secure Asset Exchange, a company facilitating easy web access to a decentralized asset exchange. Chainlink has grown from aggregating and providing cryptocurrency price data to DeFi protocols like Aave, to a lot more. The ecosystem currently access over 1B data points, securing over $75B in value through 1,000 project integrations with 700 oracle networks. Mainstream organizations like AccuWeather, FedEx, FlightStats and the Associated Press have partnered with Chainlink for data verification. However, one of the biggest wins Chainlink have secured is onboarding Eric Schmidt, ex-Google chairman and CEO, as a technical advisor to the oracle network protocol. According to Schmidt, "Chainlink is a secret ingredient to unlocking the potential of smart contract platforms and revolutionizing business and society," and he is interested in helping Chainlink build a world powered by truth. Schmidt joins other notable Chainlink advisors including former LinkedIn CEO Jeff Weiner and DocuSign co-founder Tom Gonser. On the roadmap for 2022, Chainlink will finally rollout staking for LINK holders to secure the network and earn rewards. Chainlink has been working on a staking solution for years, however oracle networks are not a blockchain but a form of decentralized computing. Co-founder Nazarov explained that Chainlink does not produce blocks but “make consensus on hundreds of oracle networks about price data.” He says the team is finally satisfied with the security and scalability of the consensus mechanism and ready to launch staking this year. During the initial coin offering (ICO) for LINK in September 2017, Chainlink announced a total and maximum supply of 1,000,000,000 LINK tokens. The current supply is about 453,509,553 LINK tokens, or about 45% of the total supply, as of end-September 2021. The Chainlink price at ICO was $0.11 and a total of 350 million LINK tokens were sold. This represents an over 200X from the ICO price to Chainlink price today. Chainlink price experienced a massive bull run in the period around mid-2019 to mid-2020. Chainlink bulls were colloquially referred to as “LINK Marines,'' becoming a well-known meme in the crypto community. Chainlink price reached an all-time high of $52.88 on May 9, 2021, on the back of an overall crypto market rally, as well as ongoing developments in the Chainlink ecosystem. According to the ICO documentation, 35% of the total token supply will go towards node operators and the incentivization of the ecosystem. Another 35% of LINK tokens were distributed during public sale events. Lastly, the remaining 30% of the total token supply was directed towards the company for the continued development of the Chainlink ecosystem and network. The current CoinMarketCap ranking is #23, with a live market cap of $7,330,359,824 USD. It has a circulating supply of 467,009,550 LINK coins and a max. supply of 1,000,000,000 LINK coins. Technical Analysis: There Exist a Bullish Divergence of Price Action and MACD, which is the sign of Bearish Trend Reversal and Start of a new Bullish Cycle. The Price of Asset has already Touched the 78.6% Fibonacci Retracement Level, which is a very critical Support Zone and it indicate that the asset is very much Undervalued, so soon we can observe that the Smart Money will Inflow and the current Accumulation Phase will end, eventually the Price shall Increase exponentially. We have defined the Total of 3 Targets using the Fibonacci Trend Base Extension levels, which can forecast the Hight of the upcoming cycle, The 3 TP gets confirmed as the Price Triggers the 2 TP followed by some Price Correction.
Long
by BitonGroup
4