Chainlink LINKUSD - 24 hour chart patternsChainlink is being reported as at the bottom of its safe zone. I have a little bit lower but its already below it's strength line. I do like Link. i have made a great amount off of it's huge wave lengths. It like the rest of the market seems to be sitting on the edge and the fed meeting tomorrow seems to be the resistance right now. Interesting.
LINKUSD
ChainLink - Perfect Bounce!In our previous analysis we mentioned that we were looking for a reversal at the $14 level where we had the completion of the ABC correction.
Price came down to test that level perfectly and bounced! Sometimes when there's a trend reversal, there's a particular price action that takes place such as double bottoms, reversal wedges etc. We may see a double bottom from ChainLink before moving higher - so if you haven't got in already, this may be your chance!
Trade Idea:
- Watch for price to come back to the $14 level
- Enter once double bottom appears
- Stops below the bounce
- Target the recent highs as first target and HODL the rest as we may see the next big bull run
See our post on reversal patterns below:
Goodluck!
Breakout + or - for Chainlink Here's a simple idea on chainlinks Breakout ( red circle ) keep an eye on support and resistance marked in this graph. If it drops it could go to $10.
Chainlink (LINK) - February 9Hello?
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(LINKUSD 1W Chart)
Above the 9.8711250 point: the uptrend expected to continue.
Above 14.9592563 point: Expected to create a new wave.
It needs to rise at least 20.7294 159 points to turn into an uptrend.
However, in order to continue the uptrend, it must break out of the downtrend line.
In the CCI-RC indicator, it is expected that the upward trend will accelerate when the CCI line rises above the +100 point and above the EMA line.
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(LINKBTC 1W Chart)
Above 0.0002 195-0.0002 757 section: expected to continue upward trend
0.0003 Above 950 points: Expected to create a new wave.
It must rise above the 0.0004 674 point to turn into an uptrend.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
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.)
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AN IMPORTANT GOAL OF $23 INCOMING FOR CHAINLINK Currently sitting at the very bottom of an under-sold status on the,monthly RSI chart. Chainlink is getting ready to peak out above the negative trendline. Looking back at the daily chart, we may have found our support for further momentum upward at or near $17. This is showing our next hurdle on the 4 hr chart is going to be $22-$23 for link to assume new support at this level. I honestly see Chainlink moving further upward and this may be the last time we will see its $14-$16 price tag. Good luck and happy trading
LINK : UPDATEDLINK the most loved coin.
when I observed others analysis I was wondering why theirs still on track
LINK was one of my analysis error below ...
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usually my mistakes are
1. Wrong angle projection
2. Emotion during trade that leads to hesitation
(effected to status update--- that turn the correct plan to fail)
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So here's the updated one and hope it's helpful for u.
Thx, Trade safe n fun,
don't forget to place the stop lost at ur acceptable risk.
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SET INDEX and some random additional analysis please follow ---> @GloomyBoar
API3 Fractal Hinting a Breakout!Hello Traders!
As you can see on the Weekly Candles of API3, the number of impulses and levels compared to early Chainlink price action looks similar! API3 additionally is a Decentralized Blockchain API like Chainlink. I think there is a great chance this fractal plays out and that we moon.
-Pulkanator
Chainlinks future performance This will chart chainlinks performance on a 4 hour chart
The orange line represents the highs 200 days ago today and the black line represents the highs 100 days ago today.
I placed them along the current highs as of 1500 hours today. This is just done out of morbid curiosity.
Elliott Wave Theory (Wave 5- $ 100)
Hi everyone,
A Possible scenario is shown in the chart (Target $ 100).
The pattern emerges normally between one flat and one falling lines.
Corrective wave patterns:
The best way to trade an Elliott Wave triangle is to anticipate the end of wave '5'. Sometimes this is easier said than done!
2 SMALL BOUNCES THEN TO THE MOON FOR CHAINLINK!! 2 small bounces then to the Moon!!! OK maybe not the moon but at least fighting for support when we hit the defensive line at $19. Then the next hurdle will be to break through $22. Their Defense is strong. But after that, $30/$34 here we come. Coincidentally right around the same time as kickoff for the Superbowl👍
🌳Link's Support & Resistances and Expected Movements Right NowHello every one
LINK/USDT
🟡Chart is speaking it self !
What Is Chainlink (LINK)?
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
💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Thank you for seeing idea .
Have a nice day and Good luck
LINK - is ready to build this Cup and Handle?BYBIT:LINKUSDT
1H trend chart
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LINK has a potential Cup and Handle formation on 1H.
If price can overcome the downtrend line, this pattern will be completed, and trading strategy as below.
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Profit Targets:
a) 17.889----Fib(1)
b) 18.278~18.435----Fib(1.272~1.382)
c) 18.773----Fib(1.618)
Stop losses:
a) 16.712----Red horizontal ray
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Chainlink is flying outa the ballpark!!
OK, I'm pulling out all stops , pointing my finger to Left field and signaling a Homerun!!
Here's what gonna happen, mark your calendars for Feb 23rd 2022, Chainlink is flying out of the stadium!!! Going , going, goooooooooone!!!!
No analysis, No trending calculations, No investment strategy....