Link will rise higher. Give it some more days!Hey guys, today we are taking a look into Chainlink.
First you must admit, if you follow some traders on twitter; #chain has a verry strong and loyal community.
A lot of traders are looking for the 50$ range as an emotional target.
What does the chart say?
Currently we are at my MA resistance and also we have bullish crossing buy signal on my MACD.
I would wait for a retest, bc of the clear resistance at the moment and the gains from the last days.
We are unsure about the next big market move, so be prepared with more then one buy orders.
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Linkusdsignals
Link- I'm looking to sellAs all the crypto market, Link also has recovered strongly after the steep fall.
Although the rise is impressing reaching around 100% I believe this is just a correction to the overall bear market that just has started.
From a technical perspective, 35-36 zone is strong confluence resistance and in this zone I will look for opportunities to sell.
Only Link above 40 and a clear bullish sentiment when it comes to crypto would change my opinion
LINK - 1D. We expect a retest of the range of $22-24We haven't updated our thoughts on the LINK coin for a long time. Our last idea for the scenario of a local fall worked, but it was a short-term target:
However, after that, the LINK market was waiting for a powerful collapse, during which the price hit the mark of $15 . The reason for such a powerful fall was two massive liquid zones, in which there were a large number of buyers stop orders . The first powerful impulse for the fall occurred after the breakout of the white trend line of buyers:
Buyers held this trend line from January 2021 and confidently defended it 4 times. The loss of control over the white trendline of buyers triggered a wave of decline in the important price range for LINKUSD $22-24. The importance of this range was noticeable back in January 2021:
Before the test of this range in January, buyers found it difficult as the resistance increased significantly. This is noticeable in terms of trading volumes. However, just below this range was the second liquid zone of buyers' stop orders. Having touched it, the LINK price made another wave of decline, which tested the mark of $15 . The positive thing in this situation is that in a few days the buyers managed to significantly rehabilitate themselves and raise the price by 100%. Thus, the price of LINKUSDT is now trading in the range of the previous all-time high of $32-35.
On May 20, sellers managed to keep this range and this became the reason for the continuation of the fall. For a confident continuation of the LINK price growth with a target of $42 , we will expect a retest of the range of $22-24 . If the local fall wave passes without much aggression, then we will gladly buy LINK from this range.
This scenario is confirmed by the LINKBTC chart:
The chart shows that buyers have kept the price of LINKBTC within the channel and the prospect of continued growth is quite high. However, without price fixing above the liquid range, we would not be in a hurry to buy Chainlink.
Link needs $23 to be BullishI love Link. Link is key to everything. It's a pretty much must own crypto if you really believe in the expansion of the space.
That being said, we just broke critical support.
This indicates we are probably in a larger degree correction.
I think we're getting a relief rally now.
We need to reclaim $23 to become bullish.
Note: I don't have a good count on waves IV to V.
I'll post a picture of the larger chart.
Not financial advice. Just what I see.
LINK - 6h. The target of $50 becomes real again!The LINK market reacted quite confidently to the recent outburst of BTCUSDT during February 22-23. In fact, from April 14, the BTC market began a local downward trend . During this time, BTC sellers managed to update local minimums 3 times: April 17 and April 23. However, if on April 17 the LINKUSDT market felt strong turbulence, then on April 23 Chainlink buyers did not allow the price to renew the previous local low of $28.8:
In the chart, we can see that LINK looked much stronger in the last week of trading than BTC. Given the steady decline in the dominance and influence of BTC on the cryptocurrency market, this fact is understandable.
In our previous global idea, we had two main scenarios for the LINK price movement. Taking into account the behavior of buyers during the recent events in the crypto market, we can conclude that the white scenario (the scenario of the continuation of the LINK price growth to $50 ) is more likely:
The critical point of this scenario is in the range of $31.4-32.6. Having lost this range, buyers will also lose the local trend line. In this case, buyers will be forced to retreat to the range of $24-25.
At the moment, the price is trying to gain a foothold above the range of $34-35. It is the confident consolidation above this range that will give buyers confidence to continue the growth of the LINKUSD price and test $50 . Given the high probability of another local fall wave in the BTC market, we are in no hurry to buy LINK now. Moreover, after a few days, the monthly candle closes. And at a time like this, there are always surprises.
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Link, ChainLink - 2 entry points. Look where...The first, I wanna congratulate everyone who opened position at 35$ and earned more than 25%. I gave this idea on April 29.
The second, now I see 2 entry points for u. If price continue dropping, It will be a good entry near to the key level with small SL. And on other hand, if price starts squeezing near to resistance line, it will be great breakout pattern to buy. Set alerts and wait for your moment. And don't forget about using stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Chainlink W'sLink has played out W patterns multiple times in the past and looks like its following that pattern again.
Bouncing between the bull pennants on the daily charts for a few more weeks until it breaks upward from this pennant and paints another W. Mostly sideways action but slightly bullish.
There's a possible way the triangle gets bigger if link goes to 37 in the short term ( next week or 2 ).
This pattern could take another month to resolve.
Four Year Bull Flag TrianglesLong term link has followed this pitchfork trend that has lined up with adoption rate over time. Started in 2017 and it's still playing this pattern out.
Over the years it has made massive bull triangles, and is consistently breaking them before they complete.
If we keep running along the middle channel, it can break up into the highest channel upwards of 100$ and still be in it's 4 year trend.
The long term extremely conservative estimate is 100$ by the end of 2021.
Link, ChainLink - chance to take 25% profit☄️ Look how...Coin touched a resistance line 3 times. Now price makes a wonderful squeezing. I'll enter after the breakout. Don't forget to set stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Chainlink (LINKUSDT) ready to flyChainlink has broken the long downtrend line and now trading above it. Chainlink is a decentralized oracle network and has a lot of big partnerships. A good rally is pending in LINK.
Buy Zone: $33.5 - $34.1
Target: $38.3 - $42.4 - $47.3 - $52.7 - $58.9 - $63.5 - $69.8
Diagonal pattern and completion of the corrective movementIn daily chart wave counting has changed to some extent, it seems the target of the uptrend can be $ 85 in the first stage and then the price level can be extending up to $ 160.
In the 15-minute chart, the Diagonal pattern is clear, which could indicate the completion of the downtrend in wave 2.
LINK / USDTLINK is building a symmetrical triangle pattern on the 4 hr chart.
Depending on the overall market mood and BTC movement, can break to the upside or break down to continue the bearish trend.
Hoping for the upside.
Picked up some CHAINLINK for the mid-term during the dip at 31 USD.
*A symmetrical triangl e chart patter n represents a period of consolidation before the price is forced to breakout or breakdown. A breakdown from the lower trendline marks the start of a new bearish trend, while a breakout from the upper trendline indicates the start of a new bullish trend.
LINK/USDT : breakout in low TF BINANCE:LINKUSDT
Hello everyone 😃
LINK had a breakout on low TF and now it's reached BB's higher line.
Also there a bearish cross on Stochastic RSI;
This Combination will lead LINK for a retest on broken trendline !
How ever on Daily timeframe;
📌 On overview LINK have some major supports near 34$...
So it could be a great reversal point for LINK !!
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
LINK/BTC potenial accumulation zoneLINK/BTC
0.0004 area is a potenial accumulation for LINK / BTC pair
If you are patient enough i think this will give nice return for coming weeks or months
trendline support should on weekly TF for continuation
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Good luck
Link 1D Global Idea, Support and Resistance LevelsYour attention to our global vision on the LINKUSDT chart
At the moment, the price is in consolidation, and the "spring is compressed", there will soon be an impulse and most likely upward.
At the top we have a level of $32.70 - which we consider to be a critical level, near which the future global movement in the LINKUSD trading pair will be decided
If the critical level will break up and consolidation on the level, then there will be all conditions for continued growth to the beautiful level of $44.44 for LINK
The negative scenario is activated if buyers are unable to break the critical level of $32.70 upwards.
In this case, we can expect a significant price reduction.
The downward movement of the price can occur schematically behind the black arrow within the theoretical channel.
The lower target for the decline is around the $17.40 level.
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LINKUSDT On The Edge!! BreakOut ?Dear Friends ,
I would love to share what I found in my charts for LINK . I see a far too familiar trend on TA where we are near edge of breakout for ChainLink at this point. If I am wrong we break downwards, and I will admit it!
Higher-Highs on 1H, 4H charts.
Late March LINK had been in the mud, which it recovered and began steady journey.
We are at the Squeeze stage , since couple days. Tightening price action!
First target to overcome resistance near $35-$36 . My final target at $39 range . I am bullish on LINKUSDT TA.
All my EMA targets hit during last downward corrections completed.
What more can I say, 🤷♀️ DYOR !
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Link Buy break of recent ATH!LINKUSDT - Intraday - We look to Buy a break of 38.08 (stop at 36.68)
Daily signals are bullish.
Price action resulted in a new all-time high at 37.98.
A break of 38.00 is needed to confirm follow through bullish momentum. W
e look for gains to be extended today.
The early dip was bought into.
Our outlook is bullish.
Our profit targets will be 42.88 and 44.68
Resistance: 38.00 / 40.00 / 42.00
Support: 37.00 / 35.00 / 33.00