LINK - new bull run started?Hello, everyone!
Today a lot of traders making analysis on BINANCE:LINKUSDT because it has suddenly pumped against the entire market. Could this coin be already bottomed or new lows are incoming?
Looking at the price structure since ATH we have the clear EW counting. Global ABC correction is represented here as a classical zigzag. Wave C in this case should has 5 waves. Minimal Awesome Oscillator value corresponds to wave 3 and current flat is the annoying wave 4.
Technically bear market could be finished because we have already seen the bullish divergence and lower low, but Bitcoin in my opinion should dump and I cannot understand how altcoins can pump against it. That's why I expect another one lower low in the wave 5.
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LINKUSDT
LINK could drop soon very soonWe have a bearish CH and two cleared zones on the chart. After clearing the buy orders, the link is returning to an area where there are many sell orders. By dealing with this area, I expect a good rejection from LINK.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
LINK: new HTF analysisMy previous TA on LINK was correct on daily timeframe but the spring hat was created wasn't enough to break the range because it was too small for a weekly/monthly BoS. As a consequence you can see LINK being in the same range after 500 days. Here you can see my new updated TA.
So basically it keep being time to accumulate either link in DCA or to have a good supply of stablecoin ready to buy LINK when the range will break downward in order to create a spring which will push the price over the range and toward new highs (when bull market will be fully among us).
Good luck
LINK: Resistance BreakoutChainLink (LINK) technical analysis:
Trade setup : Price bounced off of $6 long-term support and broke back above 200-day moving average (~$6.70), which could signal potential bullish trend reversal with upside to $8.50.
Trend : Uptrend on Short-Term basis and Downtrend on Medium- and Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $6.00 (previous resistance) then $5.00. The nearest Resistance Zone is $8.50, then $9.50.
LTF $LINK long setup, high conviction!Here are my thoughts on BIST:LINK on the weekly chart. Took the long already with low leverage (5x) and decent position size.Closing 30% @tp1, 40% @tp2 and letting the rest to run long term til tp3
Use low leverage and remember this is a very long term trade.
Please share if you like this trade setup.
LTF $LINK long setup, high conviction!Here is my thoughts on BIST:LINK on the weekly chart. Took the long already with low leverage (5x) and decent position size.Closing 30% @tp1, 40% @tp2 and letting the rest to run long term til tp3
Use low leverage and remember this is a very long term trade.
Please share if you like this trade setup.
LINKUSDTThis is a 1D frame analysis for LINKUSDT Analysis of the crypto market: After executing the double top pattern, the price was unable to break above the resistance line and started to decline towards our first support line. The bullish momentum from the previous day was closed, but we can see a price drop that indicates a selling pressure. If the price breaks below our second support line, we can expect a further decline to the next support zone. However, if it is able to break above the first support line and stay above it, we can say that the bearish phase is over and we can move in an upward direction. Suggestion: Those who do not want to take more risk can enter the trade after the price breaks above the resistance line.
LINK SHORT SIGNAL H4 Hello friends,
In the Link cryptocurrency, we have drawn a resistance level represented by the red line, which has been penetrated by a spike candle. This allows us to consider a short position on this currency.
I have identified two patterns for the continuation of Link's movement. The first one involves a pullback to higher areas, where liquidity exists. The second one occurs without a pullback, indicating a high selling pressure scenario.
I suggest paying attention to the specified ranges based on your trading setup.
My personal recommendation is to be patient until the trendline is touched.
I would be happy to hear your opinions.
Wishing you happiness, health, and success.
Chainlink 50 % drop may come sooner than you thinkLink like many other altcoins remains bearish.
For a time being the price seems to be getting rejected from the upsloping resistance line.
We still expect 50 % drop.
$3,50 - $3 can be a good area to accumulate link for the next bull market. It would be approx. 94 % drop from the all time high which sounds reasonable if we look at the altcoins % decrease in the previous bear market.
Buying at $1,50 would be a gift, but it´s not sure if the market is gonna be not so generous. Chainlink is one of the projects that we believe in as its fundamentals are strong.
LINK support and resistance levels, potential upsideLink has established a strong support zone at $5.30-$6.10 range. Any dips below $6 is my accumulation zone with upside targets as I've shown at the chart above. Break above $7.8 opens the door for targets $11 and above.
This is a longer term analysis and this is weekly chart so I expect this to play out over the next few months.
Link Looks Undervalued HereSeems Like Preparing For Massive Recovery In Midterm
Formed Falling Wedge In Weekly Timeframe While Rsi Printing Massive Bullish Divergence
Still Consolidating With In Wedge But When Falling Wedge Got Cleared & Broken To The Upside Recovery Will Be Epic
In case Of Successful Breakout Expecting Move Towards Previous Ath 50$+
Forever in Range or #LINKI will try to be short and clear about LINK.
The coin already 468 days in the range.
I highlited all very important levels on the chart:
Red lines - strong resistance levels, all are Monthly FVGs
Green lines - strong support levels also all are Monthly FVGs.
Line no 1 - the coin will dump until 5.1$ level, will bounce, test the 5.8$ level and will continue downward move towards to 4.45$ and probably below. Where it may find good support.
Line no 2 - Link bounces until resistance line (blue line) manages to break through that resistance in this case we can expect to see the coin at 9.6 - 10$ strong resistance level. Where we can expect bears reaction.
Line no 3 - Link continues to be in the range next hundred days)))
Bond Yields Impact: 🌧️ Week for Crypto; LINK Shows Resilience ☀Clouds and rain ☔ forecast for the global crypto market in the next 24 hours and week as bond yields surge to decade highs. Bearish sentiment looms for crypto coins.
Chainlink and Litecoin, however, bring a glimmer of ☀️, hinting at a slightly bullish trend.
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LINK/USDT Potential Bounce Back and Upward Movement 💎 Hello Paradisers, spotlight on this token!
💎LINK Dump Hard following BTC's descent to $24k. There's potential for a price rebound, forming a new leg, before it continues its downward trajectory towards the Bullish Order Block.
💎This Bullish OB, representing a robust demand zone, is an optimal point to consider acquiring Chainlink.
💎There's a high probability of a significant price bounce in this area, setting LINK on an upward path targeting the major supply zone. Given LINK's strong fundamentals in the crypto space, it's a worthy hold for the long haul.
LINK/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this LINK/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Chainlink (LINK) snapped a four-day losing streak on Monday, despite the global market cap mostly tracking lower to start the week.
Following a low of 7.32 on Sunday, LINK/USD jumped to a peak of 7.54 earlier today.
Monday’s move sees the chainlink edge closer to a key resistance level of 7.65, which was last truly broken on July 30.
an upward crossover between the 10-day (red) and 25-day (blue) moving averages looks imminent.
there is a strong possibility that Chainlink may not only move past the aforementioned ceiling but closer to the 8.00 level.
LINK is tracking at 7.38.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you