LINKUSD
Chainlink Bulls are Buying!!Currently @ $18+ look for another $6 increase to $34`ish, before retracing back to $16 for a retest of support. It is possible it will hold @ $19, just be aware it may crumble after it hits the $34 mark. Good luck and happy trading!! Hope you all have a great week.
LINK - H&S TOPLINK has been one of the bright spots in crypto so far in 2022 but that may be changing soon.
Current chart looks like a H&S top has been forming for some time now. We'll have to wait to see if price falls below the neckline to confirm pattern and price action to the downside.
patience pays
not trading advice
tg
Link 3D One of the few alts that is growing right nowThe last time we did a LINKUSDT forecast idea was six months ago.
Since then, the price has twice tested the level of $34.
Today, despite corrections and BTCUSDT pair's update of lows , the price of LINKUSD is headed up.
Soon the level of $34 will meet us again from above.
Then the last correction to the area of $23-25 is possible before the subsequent break up. This is where the dynamic support channel passes, which has already kept the price from a catastrophic downfall three times already.
After a strong fixation of the LINKUSDT price above $34, the way will open for the next growth target to $53.
If this trading pair is interesting for you, write about it in comments under the idea, and also write your opinions about the future price of Chainlink token
See your interest in the LINK coin, so we will update our thoughts on this trading pair more often.
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Bitcoin has bearish monthly MACD and formationsThe monthly MACD has been a concern for a while given the fact that it looks like there is a high probability that it will cross the signal line shortly. Most strictly the MACD and signal line crossing means that price has moved sideways enough that the EMAs that make up the MACD have stabilized enough for the MACD to be where it was some 21 periods ago. That is a complicated way of saying that, in this case, price was going up and now it is going sideways.
Pattern traders, obviously, look for patterns. Continuation, consolidation, or reversal on price action or indicator signals and historic responses to price action. Bitcoin price action around the monthly MACD cross has been that of massive reversal, not continued consolidation or reversal. Even the most bullish of dump that we saw during the C19 dump of 2020 had a move of some 50% in one day. That is rough if you are a forced seller.
The years of 2014 to 2015 saw a massive ABC correction that lead to the MACD crossing both the signal and zero line. 2018 had a beautiful ascending triangle. 2019 into 2020 was residual consolidation from the 2017 blow off top. All of these MACD crosses lead to loses of over 70%.
When the MACD is viewed on a normal setting and zoomed in to more recent price action we can see that the MACD cross appears inevitable. It appeared inevitable in 2019 as well but there was some chop in the price action so the histogram flickered red, green, light green and red again. I don’t think that will happen in for the next move.
The price action is to clearly within a head and shoulders on the right side of this double top for me to do anything other than take shorts or look to buy the dip. In other words, I see monthly weakness on the MACD and large scale chart formations so when I see any signs of weekly strength I will be looking for daily bearish patterns to put some margin shorts on.
My Trades
In a bear market the alts are going to move faster than bitcoin so if something looks bearish on TOKEN/USD, TOKEN/BTC, TOKEN/ETH and I have chart patterns on each I will fell confident taking a short on that. Right now I have a short on XMRUSD with a profitable stop.
XMRUSD looks like it is in a massive double top and it MACD cross already happened. It took 10 months for XMR to go from $10.71 to $516 so it can just a easily go back down in the same amount of time, or quicker, given the fact that the downside to a double top is usually a bit quicker than the upside. If, for some reason it stops at a mere $50 or $25 in that time my entry is still around $210.
I also have my eye on link for a short. Below is the HA chart, I hope to see it get a little closer to the triangle resistance and then see the HA candles get tight, turn red, and then I’ll look for a more precise entry. If the triangle breaks upward I short from higher up.
I am not going to be taking leveraged longs unless I see a real long term chart pattern and I don’t expect crazy gains to the upside until we get past whatever resistance line we end up setting. The ABC correction resistance line is a key example of what I am talking about. Lots of sideways chop after the target was reached before price action broke out of the resistance line and retested it as resistance.
Interesting patternBeen watching this corrective pattern, very similar to the one preceding the COVID crash in 2020. If the pattern plays out again, I would expect a smoother correction this time around (barring another freak event). Of course if bitcoin and the rest of the market continue to dip further, I would expect link to follow.
The LINK chart is interesting because it's one of the only coins whose price maintained a well-formed channel starting in 2019 and holding the trendline through the COVID crash. This has me re-thinking my major trendlines for other assets. What might the trends look like had COVID never crashed the market?
LINKUSD price targets for January 2022From where things stand right now, looks like LINKUSD will be trapped between resistance at $28 and support around $23.
Measuring Fib levels from May 2021 highs and local bottom lows a few weeks later after the market crashed before summer, golden pocket lies between $28-29, aligning well with these predictions.
VRPR levels line up too, showing strong volume and interest at $27 and $24.
Seems we've hit the top of the range already this past week, topping out around 28.5, but failing to hold $28 as support, twice. We only left but a crack on our approach this week.
We need a clear breakout above the $28 level, with a candle or two confirmation as support. Lets go!
$LINK Continuation (Intraday Trade)Hi, been some time. A low timeframe chart of chainlink.
LINK has been trading in 27.6-28.4 zone since we saw yesterday's pamp trough 27.5 resistance. It hasn't retraced below which means enough buyers to support it above the resistance.
We could see next leg up today if BTC gives link room to move up and out of distribution zone. 28.8 - 29.5 - 30.8.
Wait for confirmation on this one or enter in the lower 27's. Careful, this is a short term margin trade!
(Update) LINK has moved Toward our Expectations! What's Next?..Hello every one
LINK/USDT
Last Time We Talked about LINK, It was In an ascending Triangle. Right Now The Price has Broken The Mentioned Pattern & has Done The Pullback To the Top of The Triangle and now is Pretty Close to The Expected Target and Resistance which we also Talked about Last Time (around 30$). after that If The Bullish Movement continues,The Next Target is around 37$. a Pullback Will happen to 30$ and after ward The way to 37$ should not be a Problem.
Previous Analysis:
Thank you for seeing idea .
Have a nice day and Good luck
Pivot Yearly predictions for LINK using hidden pivotsThis is a very basic trading idea published as part of my Crypto maket analysis for 2022.
It demonstrates the earning potential, predicted by Traditional Yearly Pivots.
On top of that, it uses my Hidden Pivots Indicator that is plotting additional levels of pivots from the R6-R10 and Support Pivots (If calculation allows it, as in many cases it won't) from S6-S10.
The Indicator plots automatically on each time frame.
You can have a look at it here:
And a deeper explanation of it here:
medium.com
In the case of $LINKUSD, you can see the four scenarios on the chart:
1.Likely in case of bear year - Downside to the S1.
2. Likely in case of bull year - Upside to the R1.
3. Likely on as very bullish cycle - Upside to the R5.
4. Likely on a bananas rocket to the moon year - Upside R10 and beyond.
For the whole long read and analysis on the pivot side of the crypto market 2022, see here:
rotzeod.medium.com
ChainLink (LINK) flipped MA Ribbon bullish - more tasks to doChainLink´s 5 tasks on the daily chart...
1. break the 200 SMA (just in work)
2. break the MA Ribbon and turn it bullish (done)
3. break the volume resistance
4. break the 50 SMA (done)
5. break the resistance on RSI
Especially the RSI will be interesting.
What do you think? 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
LINKUSDT, Exactly started moving from the zone toward ...Hello everyone
According to the chart and previous analysis the price and the movement of whale exactly started from the minor support zone and its moving upwards toward the target and reach to the resistance zone.
If you took position in LINK risk free it and go up with the price in anywhere the market wanna go
This time its not to take in position just update the last analysis
Good Luck
Abtin
Previous analysis :