Identifying Similar Structures LINKUSDTwo common structures green box, and white box
The structures are common due to there repeated nature
The last transition from green to white was quite bullish, we will see how it will play out after point (4) is finished consolidating at a support
These similar structures also are portrayed on the indicator provided
LINKUSD
CHAINLINK END OF 2021 CHART PREDICTIONJust a simple prediction charting out where chainlink will go next before making a possible retrace back to its previous low. It's higher high lands right at the break of new years jan 1st 2022 before possibly retracing back down.
Will chailink follow the ball drop to start the new year!?!So not only does chainlink look ugly on the Daily, it also is forming a head and shoulder scenario. Will chainlink count us down into the new year? Personally I think it's looking that way. $26-$28 is our high before the countdown begins. Just an observation not financial advise.
Chainlink - Team Red or Team Green? ***Updated***Moved my projection ahead a couple hours in the 1 hour time frame.
Chainlink to $29 $LINK We see two nice patterns taking great shape here.
1. We see a beautiful descending wedge with a clean break out and support tested.
2. A perfect Adam & Eve patten, which seems to be playing out well
We see a breakout target as high as $29.63 ~ which is a 57.58% gain from the break out. We have seen Chainlink do this in the past, consistently going into the new year, thats not saying it will happen buts its very possible.
Im looking for key support to hold at the $23.00 mark as well as $22.24 (the wide rectangle in red/orange
If we break $27 ~ we will want to test this support before heading upwards to $29
($27 is a key level we need to flip to support)
The smaller green and blue boxes are simply my latest buys.
If you look long term, we are at the bottom of the Channel as should see upwards movement in Q1, historically speaking.
We should see the 50 cross the 200 EMA - this should confirm the upwards momentum.
Things to watch: a consistent upwards movement, that is supported by test support.. we want to see an upwards staircase, not an elevator. ;)
(LINK) ChainLink on the road to 200$ ? Hello everyone !
Today we analyze ChainLink (LINK) based on a Two Weeks chart 📈
What we can see :
- Prices evolve inside a parallel channel since April 2019.
- Right now, prices took support on the lower channel level + white trend line.
- Prices are still under the black downtrend line
- There is a bullish div on the RSI
* Eric Schmidt recently joined the ChainLink foundation as an advisor (Very bullish)
What we can expect :
If prices manage to break the downtrend line + the 33/38$ resistance area, there will be a huge W pattern that could send Chainlink to the upper channel level. In addition, by using the trend-based Fib extension, we can identify potential final targets for Chainlink
Main resistances : Downtrend line + Cluster 33/38 $
Support 1 : White uptrend line
Support 2 : Lower channel level
TP1 : 85 $
TP2 : 131 $
TP3 : 175 $
TP4 : 220 $
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linkusdt in the coming daysHello friends. The currency has not been able to break the channel of its long-term uptrend, and the weakening of sellers has made the currency tend to rise. Now, given the four-hour time, the cup pattern seems to be taking shape. If he can break his resistance level, he can reach the target of about $ 30.
This is just a personal view. If this analysis was useful to you, support us with likes and comments and write if you think this path will pass or not. Good luck
Link/BTC falling wedge breakout?BINANCE:LINKBTC bounced off a key support level on the 1D (the green highlighted box). Link has been in a falling wedge for a LONG time, we may finally see a breakout now that we have bounced off of a key support level.
@cryptobullet1 tweeted about this wedge, and i agree, i think this bounce may take link up.
x6 on LINK in 2022?As you can see on the chart we have the following bullish setup:
1. Holding support on the $18 Support
2. Engulfing weekly candle
3. Holding the support of the bottom of the channel
4. Bullish divergence on the RSI
5. StochRSI crossed from a low read
Invalidation (STOP LOSS): Weekly candle close below $18.8
Targets:
1st: $35 (previous highs)
2nd: $50 (around previous ATH)
3rd: $180 or if you see bearish divergence on the weekly.
LINK/BTC Ready to 300% Gain upward from here..?#LINK/BTC TA Update:-
$LINK currently trading at $4435 Satoshi
And This week strong bounced back from 3800 Satoshi support level.
Entry:- 3800-4400 Satoshi
Targets:- 5300/9100/15800 Satoshi
Stop Loss:- 3500 Satoshi
First LINK need to break out 5300 Satoshi level.
Above this Level #LINK will be sky rocket.
Support:- 3900 Satoshi
Resistance:- 5300/9100/15800 Satoshi
LINK/USDT LINK per BTC is bullish because of a big ascending triangle also and per USDT we bounce from weekly trend line support and lower line of modified pitchfork and even also 0.618 fib retracement now there is a bullish shark pattern with right rations and break and of a big structure resistance with is acting is support now reaching to tp like all other alts depends on BTC .
First TP : 38 $
Second tp long term :60$
Chainlink - Team Red or Team Green?Just projecting off of the previous high. Are we going for higher highs or looking at a double top and going back down ?
ChainLink issuesRight let me first say that I'm bullish long term for chain link, buying chain link since 2019 and it's done amazing since then but let's face the facts , it lost a lot of its strength.
For whatever reason Chain Link has lost its strength , it no longer moves independently from most of the market like it used to. Why? I have no idea , I don't look at the news or developments or upgrades just the charts and the chart is bullish but targets for this final leg are much lower now.
For years Chain link was in this amazing parabolic channel but since July 2021 when it closed its first weekly under the support its been struggling to get back in and stay in. We got back in for 35 days before falling out September 2021 and then sadly flipping support as resistance , for 8 weeks we couldn't even close a weekly above it and have had to drop down to a lower multi year support line that was created with following reaction events marked in yellow circles.
If Chain Link was in the parabolic channel at this moment it would be 45 Dollars and my previous targets of 200 dollars would be intact , now I think Chain Link will most likely top out anywhere between 93 and 116 dollars at 3 or 4.618. Personally I think it tops out at 93 dollars at the 3.618 and hits the top of the parabolic resistance channel (Red circle) on May 23rd 2022.
If you want to know why May 23rd 2022 check out my TA below .
Finishing on a bullish note , the RSI is at historically low levels for Chain Link.Hopefully I'm wrong with this one and Chainlink pulls off a 900% move to 200 dollars.
LINK - Entry timing and TargetsBYBIT:LINKUSDT
4H trend chart
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LINK has broken out the triangle.
And we can set this strategy with good R/R ratio as below.
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Profit Targets:
a) 22.521~23.170----Fib(1.272~1.382)
b) 24.561----Fib(1.618)
c) 26.813----Fib(2)
Stop losses:
a) 18.873-----Red horizontal ray
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