Linkusdsignals
Can Chainlink $Link can hit $5 Yes there is possibility if price goes below $9 and stay there then price can hit $5. $5 support looks very strong and price can reach there.
But if price goes above the 100 day moving average that is currently at $11.4 then target will be moon.
we are watching the price action , follow for more updates
Link/usdt 2nd wave?Link/usdt
After forming double bottom and showed some consolidation last days its looking good now
Buy area : after the break of trendline
But Best buy area : after also break horizontal resistance
Around 11-11.35$
And the first target is around 12.5$-13$ and more
You can jump the wave or buy the retest if you are looking for more safe entery
Stability above these areas can do big pump
Risk : link has high volatility
Stop loss should be daily close below the horizontal resistance
Chainlink (Link) Is Completing Setup For Next RallyHey friends hope you are well and welcome the new update on Chainlink DeFi token.
On the daily time period chart the priceline is moving in a down channel.
The price action of LINK is rejected by the resistance of channel and 100 simple moving average at the same time. The priceline is already moving below the 25, 50 and 100 SMAs and has strong support of 200 SMA at the same level where we have the support of down channel. Therefore there are chances that the price action of Chainlink may take another bullish divergence from the support of channel.
The priceine of Chainlink is completing final leg of bullish BAT and soon it can entere in potential reversal zone.
The targets as per Fibonacci sequence of bullish BAT pattern can be as below:
Potential reversal or buying zone: $7.17 to $5.53
Fibonacci projection or sell zone: $11.10 to $17
Conclusion:
The priceline is rejected by 100 SMA and the resistance of the channel, therefore it can test 200 SMA support and the support of the channel at the same time and complete the bullish BAT. After this bearish move we can witness another rally to the upside. The potential reversal zone of BAT pattern can be used as stop-loss as well.
LINKUSDT completing final leg of bullish BAT | Upto 207% moveThe priceline of ChainLink is completing the final leg of bullish BAT, the targets as per the Fibonacci sequence of BAT are:
Potential reversal or buying zone: $7.17 to $5.53
Fibonacci projection or sell zone: $11.10 to $17
Regards,
Atif Akbar (moon333)
LINK following our channelIf you like my TA or other ideas, please leave a like to show support. It helps me out a lot
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- 4th big retest of the lower channel
- Rally towards the middle
- Strong resistance around $10.2
If we break $10.2, we could see further movement towards the top o/t channel @ $11.5. After which, we could see:
- a breakout (w/ a nice amount of volume) and a continuation towards the next resistance @ $13
- a rejection and again a move down towards the bottom of the channel
If we hold $10.2, I would be looking to short with my target just before the bottom of the channel and my SL @ $10.5
Safe trading Marines
LINKUSD - looking very BULLISH with possible bottom in placeDuring the past months LINK experienced something called a blue sky breakout. The drop from last month was expected as traders need to create new supports/resistances to trade out of (look at TESLA for example). As seen from the chart, it is showing very strong signs of recovery and a bottom from monthly trend-line.
Watch price action at current levels, if it breaks, we may experience another shake out. Keep an eye on 15$ (if it reaches it) to a possible rise back to 20$.
TP levels 15-20$
Remember trade what you see and not what you think, being emotionally invested in anything is not a good idea.
Not a financial advisor, trade at your own risk.
LINK/USD Remarkable Weekend Rally Hits Pause Under The 100 SMA
Chainlink recovers from levels under $10 but the falling wedge pattern breakout stalls under the 100 SMA.
LINK/USD mission to scale the levels to $20 still intact as bulls look forward to capitalizing on the break above the 100 SMA and $14.
The $4.4 billion decentralized finance price live feed protocol has posted a relief rally following a devastating fall last week. Chainlink failed to retest the yearly highs at $20 in August. Attempts to sustain the uptrend saw LINK hit barriers at $16 and $18 respectively. On the downside, support was confirmed severally at $13. However, the bearish wave encountered forced the fifth-largest cryptocurrency slightly below the critical $10 level.
Amid the drop, Chainlink formed a falling wedge pattern. This pattern is very common in technical analysis. Traders are able to anticipate a change of the trend and prepare accordingly to capitalize on the upswing of the price. A falling wedge usually signals the end of a downswing and the beginning of an uptrend. Note that this pattern cannot be utilized on its own; it must be supported by other indicators like the Relative Strength Index (RSI) and the volume indicator.
At the time of writing, LINK is trading at $12.79 after stepping above the initial support at $10 and the falling wedge resistance. Marginally above the prevailing price, LINK is facing acute resistance from the 100 SMA in the 4-hour range.
Looking at the RSI, Chainlink seems to have stalled and is currently favoring a sideways trading action. The leveling motion at the midline favors consolidation in the near term. However, the uptrend mission is far from over. In fact, bulls have no plan to abandon their push for gains above $20.
Meanwhile, gains above the 100 SMA would place LINK above the resistance at $14. This move would most likely encourage more buyers to join the market in anticipation of more upside price action and the opportunity to sell at a higher level, preferably $18 or $20.
Chainlink Intraday Levels
Spot rate: $12.82
Relative change: -0.05
Percentage change: 0.35%
Trend: Sideways bias
Volatility: Expanding
Chainlink Technical Analysis: LINK/USD Bullish Pennant Eyes $20
Chainlink recovers after testing support at $13.50; the short term target is to step above $15.00.
LINK/USD ongoing recovery is supported by the RSI as it reverses the trend upwards from the midline.
Chainlink has in the past several days suffered against the strengthening arms of the bears. The altcoin has been arguably one of the best-performing cryptocurrencies in the market not only in August but since January.
After opening the trading on January 1 around $1.78, LINK has been consistent and aggressive. Multiple barriers have been shattered at $5.00, $7.50, $10.00 and $15.00. In August, Chainlink pulled up to new all-time highs at $20.
Besides, the growth of the value of the token, Chainlink has also grown as a cryptocurrency to become the fifth largest in the market. According to CoinMarketCap, Chainlink has a market cap of $5.119 billion in comparison to Bitcoin Cash’s $5.113. It is evident that, the battle for the fifth spot between LINK and BCH is not stopping anytime soon.
In the meantime, LINK/USD is trading at $11.84 following a recovery from the support at $13.50. Farther down, LINK already confirmed support at $12.86. The short term target is to clear the resistance at $15.00. This will set the pace for another possible breakout above a bullish pennant pattern as seen on the chart.
If this breakout comes into the picture, we can expect LINK bulls to renew the moment consistently towards $20.00. They must, however, keep the resistance at $18.000 in their mind because if not overcome, the journey to $20.00 will encounter delays. For now, stepping above $250 is key to the ongoing bullish momentum.
LINK/USD Intraday Levels
Spot rate: $14.73
Percentage change: 4.47%
Relative change: 0.611
Trend: Bullish
Volatility: Expanding
LINKUSDT (long-term)BINANCE:LINKUSDT
After rough and bloody days, we have a good day!
At 4hr TF, we got 2 strong buy signals in MACD & Stoch RSI, also the price touched and passed 50 MA and now is gonna go up.
We have confirmation at 1hr, price play with 200ma and RSI is going up too.
And we see the uptrend in 15m, 3 confirmation for raising and pumping!!!
in my view, Link hit 15.5 about 6-8h later!
But when Link reaches around 20, I think it will drop to around 8-10 and after 8-10 days it will be back and reaches to 30!
What is ur opinion? comment below and share ur views.
thx, have safe trading :D
HIDDEN LONG-TERM BULL SIGNAL #CRYPTOCURRENCYI called the rises, held all the way to the top from 2017..
Called the top, sold in increments, called the recent drop, bought back in around $15-$16
Now I'm seeing Hidden Continuous Long-Term Bullish Divergence momentum..
We were long overdue for a health correction, people don't want to buy the top.
So price came back down (probably because whales dumping).
But now many people are accumulating for lower price. I am one of those people.
I see a huge increase in BUY volume that engulfs the red whale poop.
I'm buying back in and anticipating a continuation of the underlying long-term bull momentum.