LINK Chainlink: Patterns In MotionHello friends, today you can review the technical analysis idea on a 4H linear scale chart for Chainlink (LINKUSD), a cryptocurrency.
The chart is self-explanatory. This is a short-term chart with two bullish patterns (Descending Channel and Double Bottom Pattern) showing potential for upside. Though bullish, volume has dropped and Chainlink may be dependent on where Bitcoin and Ethereum are headed as those two cryptos are largest in the space.
Additionally Shown: Ichimoku Clouds, RSI (Relative Strength Index), Stochastic RSI (Stoch RSI), Fibonacci Retracement, Support and Resistance Trendline, and Volume.
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As the year is coming to an end and holidays are almost here. I want to wish my friends Happy Holidays and ready for an exciting 2022! What are your thoughts for the coming year?
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
LINKUSD
LINK/USD - Rally to $28, then maybe $38!Link had a fantastic rally in the past week. However, the price is quickly approaching a key resistance.
Key Support level: $23
Key Resistance level: $28
After a bullish cross on the daily MACD, LINK entered into a sustained rally with great volume, which has catapulted the price over $20. LINK turned the $23 level into support and is now eying the next key resistance at $28. It is unlikely that LINK can break that level on the first try, but momentum remains strong and favors bulls.
Technical Indicators
Trading Volume: The sustained volume has put LINK back into the spotlight as the price moved higher. There is no sign of weakness, and the momentum is clearly bullish. This may change as LINK approaches the key resistance.
RSI: The daily RSI is moving higher fast, and at this rate, it can soon enter the overbought zone. This is not a concern right now, but it will become important once the price hits the resistance.
MACD: The daily MACD has been bullish for a while, and now it also completed a bullish cross on the 3-day timeframe. This is significant and may indicate that the cryptocurrency is due for a sustained rally even beyond the current resistance.
Bias
The bias on LINK is bullish. The strong volume and price action support this case.
Short-Term Prediction for LINK Price
LINK managed to surprise the market. The current rally may continue for a while, and the big test will come once the cryptocurrency approaches the key resistance at $28.
Chain Link Daily TA : 01.05.22 : $LINK🟡 Results so far (HH) : +21% 🔥
Well, according to the previous analysis, as you can see, the price hit the our first target so far and it has brought us more than 24% Profit . Amazing , Isn't it ??
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 05.Jan.22
⚠️(DYOR)
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Chainlink wants to MOVEChainlink has been in a downtrend from almost two years (522 days).
- Chainlink is arguably one of the most undervalued altcoins, next to Litecoin
- Chainlink will bridge the gap of traditional finance/banking to digital finance/banking
- $LINK could go to $1000 this season
- BTC.D is at a low (39%)...
- Chainlink is breaking out of resistance
- RSI is currently overbought so expect a slight pullback before continuation to ATHs
- MACD confirmed bullish cross last week which led to this PA
I fully expect link tp hit $50 in the next month. It has broke resistance, downtrend, and is currently stealing the show. Chainlink's applications make it a STRONG investment in the FUTURE of finance.
IS LINK ACTING AS A LEADING INDICATOR FOR ALTCOIN SEASON?
NFA. DYOR.
Good Luck,
- Mr Bitcoin Baron
LINK/BTC. ChainLink Strong Bullish Signal 60% and 3x Targets.This is a trade I've been anticipating for a long time. ChainLink is finally showing signs of reversal of the bearish trend that lasted for a year and a half since August 2020. ChainLink has been consistently outperforming Bitcoin. I expect ChainLink to climb 60% by February 2021 and to triple versus Bitcoin by July 2021. If you consider that Bitcoin itself will double in price by July 2021, then ChainLink would 6x vs USD by that time.
Be mentally prepared to lose about 25 to 30% of your capital on this trade. Set a generous stop loss and do not risk an amount that you cannot afford to lose 30% of. But whatever you do, do not ignore setting the stop loss. Watch the video for more details and good luck.
Chainlink Breakout!!Chainlink has been performing great compared to a lot of coins recently and we have broken out of this bullish triangle with ease, We had a false breakout to the downside which would have crushed a lot of traders. On top of us breaking through this level we also brokethrough a key level that is.. the 0.2FIB level, what im looking for tonight is a second daily close above here to really confirm the bullishness. as far as resistance levels we must breakthrough in the coming days are, the R1 pivot resistance level and also pretty heavy resistance at 26.5$ (USD). Looking at our bollinger bands we are looking very nice and bullish, we have turned the midline into a nice support cushion and our current price action is sitting right ontop of that top bollinger band, if we can get a daily close tonight ontop of this level we could be triggering a bigger scale run upwards, historically when price action closes ontop of the top BB the following price action is explosive and can rise up very fast. Now keep in mind that this all pends on BTC, if bitcoin decides to dump then this TA could be invalidated. The MACD seems to be going on a second bullish stride here, our histogram dipped down and was targeting that midline but our blue MA bounced and we are beginning a second bullish phase. Now this is a prime example of why i stress so much that separation is very important with the MACD, having big separation between the MA's makes it more difficult for a bearish cross, this also allows for some downside and cooloff without triggering a bear cross. What we want to see going into tonights daily close is another rise in our current green bar on the histogram, we wanna see an increase as this shows us a rise in bullish momentum and aswell keeps our structure going for another healthy bullish cycle. Now we are already seeing healthy movement coming from the MA's and we want to see this continue just as we are seeing it now, big separation, and an upwards pointing blue MA! Not financial advice just my opinion!
LINK up to $45? Hello everyone,
Altough all the bullish news related to LINK I do believe there is going to be a pullback in the current price.
Mid-term I can easily see LINK reach the demand zone at $20, I already placed my alert at that level.
Long-term my primary target is a bullish wave which will push the price back to $40/45 for a total profit of 120%.
LINK on the way up to $27 LINKUSDLINK has had a rough year. Up only 110% or so for the year. Terrible really. (/me licks his paws) Opportunities came and went in 2021 where 100's of % gains, 1000's were possible, made, lost, made and lost, and watched go'on by.
At $23.69, a move toward $27-28 is in the making. It doesn't have to be straight up. $21 LINK's are likely along the way.
LINK SHORT to $12 Following is my analysis on LINK going SHORT in the next few days
1) The BLUE wave 1-2-3-4-5 went from $1.5 to $53 from March 2020 to May 2021
2) After great impulse comes correction A-B-C wave, markets are in correction mode for 2/3 of the time
Wave A retraced 78.6% FIB a perfect 5 wave down series in GREEN
Wave B is a perfect 3 wave series in ORANGE
Wave C should be a 5 wave series down so its right now doing sub-wave 4 in RED
In wave C the sub-wave (1) and sub-wave (3) are exactly of the same length so sub-wave (5) will be elongated so maybe 1.27 or 1.41 or 1.61
Wave C or sub-wave (5) in Wave C will end around $12.5 before it makes any move after the full correction
Summary :
I think LINK is going to short to $12.5 in the next few days before the market completes full correction and moves up
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The King of ORACLE During the 2020 Bullmarket, Link was one of those Crypto that Exceed Expectation. From single digit to double digits.
Base on Technical analysis, if Bitcoin keeps dropping, Possible 40k, we might see Link going down to 12 - 14 dollars.
The Reset Areas are areas that Link has a low possibility of going there unless there is a GIANT CRASH.
If Bitcoin continues to 60-70k and so on, we can see Link going back to All time high and Beyond.
LINK's Situation right now & Expected movementHello every one
LINK/USDT
LINK is in an Ascending Triangle.The Break out Needed for Ascending Further has not Accrued Yet, But when It happens,We can Expect a Movement as big as The Measured Price Movement (AB=CD). a Pullback to The Top of the Pattern might happen after the Break out happens
🔴This is only an idea and not a financial advise ( NFA )🔴
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LINKUSD Bullish IndicatorsLINK is showing bullish signs on the TSI indicator,
It has reached a point that previously was also the low point, it climbed back up from there
The opening of the 50,100,200 day MA is very bullish, Price when this MA formation is active loves to stay above the 50MA and just cruise upwards
Good Buy - Long