Chainlink Dropping 15%?Our hit-rate with LINKUSD has been excellent. Up 60% since we called the major breakout.
The stair-step pattern was broken however when the rally expected did not happen.
We're now in a position with the 5-day chart momentum pushing down. The 4-hour chart as shown has price entering cloud. Team Sparkster would not be surprised by a 15% drop back down to the previous stair-step for re-accumulation.
There has also been a fair amount of FUD about chainlink recently which may help to push the market down a little, before finding confidence again.
Linkusdsignals
LINKUSD Short - 7.5%/12%ChainLink is setting up for further price correction after price discovery found an all time high at $8.89 and then retraced to the .786 fib just above $8.00. Bulls are now struggling to hold support.
Price action indicates further retrace to the 0.382 fib ($7.37 - 7.5%) and then on to the 0.5 fib ($6.90 -12%).
Downward actions supported by falling RSI on 1hr/2hr/4rh/24hr time frame and distribution shown in falling CCI/OBV on the same time frames.
Traders can enter or short position now or attempt to maximize gain by waiting for a potential shoulder to form with one last retesting of the .236 fib and $8+ levels.
Disclaimer: Not trading or financial advice.
Link sell signal on 1 hour timeframe | ChainlinkChainlink is one of the most legit crypt projects, but it looks overbought with a Market cap of 1.9Bil and a 350,000,000 Circulating Supply from a total of 1,000,000,000 LINK.
So we can expect a correction after this bull run.
If you are interested to test some amazing buy and sell indicators, which give the signal at the beginning of the candle, not at the end of it, like others, just leave me a P.M.
Is CHAINLINK about to break upwards?A rather simple chart but what do you make of this? LINKUSD pattern since June 2019 resembles the consolidation of May 2018 - April 2019.
This consolidation pattern aggressively broke upwards (along with the majority of cryptos) to form the June top. The key here is the 0.382 Fibonacci. As long as it holds, I believe there are chances for LINK to break upwards in the same manner.
What do you think?
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
LINK/USD - upward channel
☝️ Price consolidation in green rectangle. The exit from which can give an impulse at least in the yellow taggants. The longer and wider the accumulation goes, the stronger the impulse will be.
👉 Movement in upward channel.
☝️ Cancel Long Scenario: The price drops down from the upward channel.
Push ❤️ if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Thanks for your support!
Chainlink is about to UNLOCK ( Huge Crypto in PLAY 7.0 Coming?)Hi friends, The printer is about to start printing on Chainlink as a Crypto in play.
I want to say thank you to all those who have been liking my ideas, I really appreciate the love so far, I have come with another good crypto in play but in return I will ask for your likes to keep growing my ministry.
without much stories, here is the pattern discovered and my trade set up.
PATTERNS DISCOVERED
1, Bullish pennant
Pennants are good continuation pattern, the patterns are characterized by a clear direction of price trend, followed by a consolidation or sideways movement or rangebound movement, which is then followed by a resumption of the trend.
2, Cup and Handle
Cup and handle is also a good continuation pattern, that usually forms in bullish markets.
Here is my trade setup
Enter: a "long" trade above the top of the cup level at 4.200
Stop loss : place a "stop" order below the handle at 3.7343
Targets: target 62% to 100% of the cup depth 7.3
Take profit points:
4.9760
5.4938
7.3171.
Thank you for liking this post idea and for following my work.
LINK - Update over my summer update.From a closer view and taking into account our last update (see attached idea with green RSI arrow and do not forget to give a like), millions of scenarios although the ones I like the most are these:
1.- The price action breaks the resistance at 4.09 and continues to rise to the next fib level, at 4.73
2.- The price cannot break and follows the lateral trend of these days of the crypto market
3.- We retest the support of 3.60 and some how expecting more sideways if not a bigger correction.
What is your side here?
Thanks!
CHAINLINK / USD (LINKUSD) DailyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
This is not trading advice. Trade at your own risk.
LINK losing out to BTCFeel free to comment on my TA or share your thoughts on the subject!
- Retracing back to this 8 month purple support line is likely
- If the support is broken we might see a further retracement to the daily level at 37K sats.
- if the support is broken a more likely scenario is to retrace even further to the area between the weekly and daily level. Or the 200MA
Chainlink: Bearish Pattern and Divergence 4H (Apr. 27)X FORCE GLOBAL ANALYSIS:
In this analysis, we explore the extremely bearish technicals demonstrated in Chainlink's (LINK) short term charts.
Technical Analysis
- The first thing we can spot is a bearish divergence, in which prices create higher highs and indicators create lower highs
- The Relative Strength Index (RSI) shows a clear lack in strength with lower highs
- The Moving Average Convergence Divergence (MACD) also shows lack of momentum with lower highs
- We can see a textbook ascending wedge pattern, which is interpreted as a bearish reversal pattern in an uptrend
- Counting Elliott Triangle Waves (ABCDE), we can see that wave E has completed its formation, and we can expect a breakdown
- Bollinger bands are narrowing, which is a sign of a potentially big move.
What We Believe
Based on the bearish technicals suggested, we believe that Chainlink's bearish probabilities are extremely high for the immediate term.
Trade Safe.
LINKUSDT Price predictionsI do not trade Link, did predictions on the first few days and it was like you see. It was funny, but all were perfect. This are projections and boxes on the level of interest where bots and algos will make some reactions so it is interesting to look on it for possible positions.
Again, not shilling Link, not trading, I do not have Binance acc, I do not care what will happen, but to many requests to make the chart so here it is.