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LINKUSD

$LINKUSD About to Breakout. GIANT Wedge FormationI have noticed a rotation in Crypto and stocks that has been occuring over the last several weeks from GROWTH to VALUE. $LINKUSD is one of those Value cryptos with the recent annoucnement of upcoming staking and limiting supply. Seems the Charts suggest a BIG Breakout is coming. GIANT WEDGE Formation shows price consolidating. When we see price consolidation some of the best trades can be placed because there is the biggest REWARD,....BUT you need to know direction. If you enter too soon without confirmation you may be left wiping your tears with your floor as you see an explosive move turn against you. Consolidations give some of the best trade opportunities but patience is needed to ensure direction. How I tell direction is consolidations is using a combination of EMA 39 and CMF (Chaikin Money Flow). I am NOT a huge proponent of Indicators except TIMING OF ENTRIES to a trade what Price Action signals. But sometimes we get mixed signals so I do rely on CMF (Money Flow) which tells us if people are putting $$ into ro pulling $$ out of markets. I have found the 3D charts to be the most reliable in crypto. FIRST, Price is above the EMA 39 and restesting the EMA 39 after breaking above as we come to the apex of the wedge. That suggests price will go HIGHER. SECOND, we have broken above Horizontal Support (Green Horizontal line) at $25.29. THIRD, notice that Money is Flowing INTO $LINK and that it is rising as well as above the ZERO line. A LOW Risk entry for me is to BUY at or just above EMA 39 Support (ENTRY = $25.76) with SL BELOW recent lows (< $22.18). I expect an UPSIDE Target Price of testing the ATH at $53.
KRAKEN:LINKUSDLong
by eganon69
10
Chainlink Bounce Coming!!?Another coin that i am looking to add more of is my favorite project.. Chainlink, we are coming down towards our 0.2 FIB level and we are given the chance to get a bullish bounce here. We have tons of support underneath of our price action with uptrend support coming in from our previous low, support at our current spot of 24.31$, 20.67$ support and we have strong support coming from the 0.2 FIB level. Looking at the bollinger bands we have more support coming in from our midline, we are currently sitting right above this point and it is important that we hold above and close above to keep this level as support. Also being above this level enables us to make a run for that top bollinger band, and as you all know if we can successfully make the run up to there and close ontop of this band we could be looking at a fast sharp move to the upside, more often than not closing ontop of this band triggers that big move to the upside! Now the MACD isn't looking super great we just had a bearish cross, this isn't 100% confirmed yet as price action could begin to push up and cause another bullish cross, or we could see a short bearish cross with a bullish reversal following soon after. What we don't want to see is a strong move from the MA's pointing down and separating, separation in the MA's makes it harder to trigger a bullish cross, when the ma's are compressed together one day of green price action can trigger a bullish cross, same thing applies when looking at the upside. Another thing we don't want to see is the histogram start to make significantly bigger red bars day after day, this shows an increase in the bearish momentum and can really accelerate the further we move into the bearish MACD cycle. Next very important we have the RSI, reason of why this is important is due to the RSI being directly on the midline, if we can see a bounce here and reversal back upwards we are looking at a very plausible confirmed uptrend and thats exactly what we want, if we break below here and get stuck unable to regain above here we are looking at a confirmed downtrend, so we gotta wait for our daily close tonight before we can confirm anything! Not financial advice just my opinion!
BINANCE:LINKUSDLong
by JacobR905
$28 LINK aims for goldMucking our way through the $24-26 range, we're doing well to get back above the market bands. Cushioned by low 18.75 support line. We have $22 general market support. Bull market bands -- 20w sma and 21w ema -- are at $25 and $26.75, with a high support at 29.50. Clearly we are trading sideways. With an nausea-enducingly wide range. $27 appears to be the VPVR point of control, in terms of volume traded between now and June 2021, which aligns with the bull market bands where we are trading for the last few days. We need to keep above 27, or it means the market makers will bring us back down, and have only used these recent days to load them with better short prices. We'll see. My suspicion (bias alert...hope, i'm fully longed at the moment in my own trades) that is we will move to the upside for a bit yet still. I'm happy to see that we closed the $25 levels. Some lost LINK and USDT along the way, i'm sure. But for those HODL'ers out there. This move's for you!
COINBASE:LINKUSDLong
by calmrat
LINK🔗 triangle breakoutIt's has been long time since I posted last Chainlink idea... 👇 But now here comes another one >> LINK 🔗 is holding well even in this weak market recently. Price seems to be ready to break up this triangle 📐 and If succesful I think there is chance for run to 30.9 and even higher. I'm already in, but one can set the BUY LIMIT order to catch the possible pullback. As usually we need BTC to stay stable (or even go up) to not spoil the party. Going with lower size as markets are shaky. ENTRY : local high @ 26.37 STOPLOSS (TP) : local low @ 25.08 TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY LIMIT - SL) @ 30.9 REWARD RISK RATIO (RRR) : 3.5 INVALIDATION : when SL level hit Check my other stuff in related ideas. Please like👍, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Long
by bizmark
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. _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
27
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.
BNC:BLXShort
by This_Guhy
9
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?
by reees
7