Chainlink: 3 Bullish Signs#LINK #Chainlink has been dormant and bearish for quite some time. There are a few key things to note:
1. Whales are increasing buying of the token
You can visit www.whalestats.com to see the top ETHEREUM wallets and what they are purchasing/holding, many are starting to acquire LINK
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2. Selling volume decreasing on the chart with trapped sellers
This trading range has been going for quite some time yet the sellers were not able to secure a successful downwards breakout
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3. Fitting Wyckoff Schematic quite nicely
The Wyckoff Schematics help us identify the different between Accumulation and Distribution Trading Ranges - In a Trading Range the price Zig Zags up and down until eventually a breakout occurs, using the Wyckoff Accumulation Schematic we can see there are some clues in the similarities of the chart and the schematic that tell us LINK may be ready for a test of the upper bounds of the Trading Range.
LINKUSD
Recovery for LINKUSDChart comparison Between Link and the earlier days of ETH
ETH went through a long period of being flat which is a possibility for LINKUSD
This pause period can be seen on the MACD as the bear cross
Recovery could be as earlier as it touches the 50MA or later shown by the comparison
LINK/USDTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
Link to previous chart:
If you press play on the previous chart, you can see that we went lower and a new impulse trend did not start. We were still correcting and finishing up the C wave with the false breakout on the B. On the current chart we've either found the bottom or have one more leg down. The support and resistance lines are mapped out and the thicker lines mean there's either heavy resistance or support there. Currently we're having trouble getting above this resistance line, the EMA's are starting to curl up though, if we can manage to stay above it then I believe the next impulse wave can start for the bigger wave (3) cycle. This area is key levels for accumulation zone so no idea how long we will stay here. The white squiggly line is the line we'd all hate to see lol. Either way, price targets should be reached, just a longer route to it.
LINK surges to $15.The Chainlink price analysis is bullish today as the price took an upwards turn surprisingly after breaking downwards today. The price function has been headed upwards for the last 16 hours, continuously marking bullish supremacy. LINK price has recovered up to $15 level, and soon link will be reattempting $15.3 crucial resistance. Overall the last week proved significant for the buyers as the price action has been upwards mostly. Today bulls have successfully crossed above yesterday’s resistance of $14.5, and now bulls are marching towards their next target of $15.3.
The 1-day price chart for Chainlink price analysis shows bulls have recovered the price level up to $15, as the cryptocurrency is trading hands at $14.95 at the time of writing. The LINK/USD shows an increase in price value by 3.8 percent over the last 24 hours and also reports an increase in price value by 14.8 percent over the past week as the trend has been upwards during the week. On the other hand, the trading volume has decreased by 16.6 percent, but the market cap has improved by four percent in the last 24 hours.
The volatility is high, and the average line of the volatility indicator is forming at $13.9, representing support for the LINK/USD pair. The upper value of the indicator is at the $15.6 level representing resistance for the coin’s price, and the lower value is at the $12.1 level. The Relative Strength Index score has also improved, and the RSI, after climbing up, is now trading at index 54, indicating the buying activity in the market.
The Chainlink price analysis suggests the bullish momentum has been quite steady, but as bulls have been in the lead for the last 16 hours and the price is in the lower price range, bulls might be exhausted now as the RSI curve is also flattening up on the 4-hour chart. So we expect LINK to start retracement shortly before breaking above $15.3 in the later hours of today’s trading session.
Trading Signal For LINKUSDT ChainlinkTrading Setup:
There is a Trading Signal to Buy in LINKUSDT Chainlink.
Traders can open their Buy Trades NOW
Rank : ⭐️⭐️
⬆️Buy now or Buy on 13.95
⭕️SL @ 11.90
🔵TP1 @ 16.50
🔵TP2 @ 20.80
🔵TP3 @ 25.75
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
If you liked our ideas, please support us with your likes 👍 and comments .
LINKUSDT, Did you took this amazing position ??Hello everybody
Did you bought ?? or took long position ??
According to the chart and last analysis that we publish we shown on chart that the price made 2 triangle and this become more powerful that the price wanna have some rises price to the resistance zone level and exactly this scenario was happend and now we are in the way to reach to the target that we update and shown on chart .
Dont forget observe capital manaegement and use stop loss.
Previous analysis :
If you have any question or need any help , send us messages
Good Luck
Abtin
$Link : Bullish Soon?Chainlink is trading inside a falling wedge in the daily timeframe. RSI Showing sellers losing power. Breakout may lead to targets like 16 18.1 20
LINKUSDT, We have 2 triangles, ... ??Hello everybody
Did you check whales s wallet ?
They are hodling Link in last days, what they gonna do ?
Do you know about Link project , its one of the powerful project in crypto but in these days its attractive for the whales and ...
According to the chart and last analysis , the price exactly move upwards from the Minor support and now according that we shown we have 2 decreasing angle triangle and what is it mean ?
Its tell to everyone that the price has chance to rise up to reach to the top of the triangle and after it happens we can predict other scenario that we have.
Everything in these days of market it depends on Bitcoin and Bitcoin it depends on Fed s event for the rate of central bank ...
But if you want to take in position and buy some link please check the chart in lower time-frame then take signal then entrance in any position and DONT FORGET USE STOP LOSS AND OBSERVE CAPITAL MANAGEMENT
Good Luck
Abtin
Previous analysis :
Chainlink will moon in April! 🚀Hey Traders,
As you can see on the daily candles of Chainlink ($LINK), the price action has formed lower highs and lower lows symptom of a falling wedge pattern. The Fibonacci retracement level (.618) also has the same price level as the falling wedge breakout. The price target out of this pattern is $22 (+58%). Meanwhile, the Momentum Oscillator (RSI) is forming a BEAUTIFUL bullish divergence! A long position of 2-3x would be guaranteed 2x gains!
Safe trading,
-Pulkanator
LINK/USDT - descending wedge and level BREAKOUT!Link is like most cryptocurrencies in a downtrend, but on the chart there are patterns for a long.
The descending wedge is an good long pattern on cryptocurrencies.
The key level at the moment is $11.40. A false breakout of this level would be an excellent opportunity to take long positions with a short stop and high RR.
Also, with a squeeze, a breakout of wedge without false breakout of level is possible, so subscribe to not miss updates.
Possible targets for this move are $15 and $20!
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P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.