Link in accumulation modeDespite the cryptocurrency market being in a turmoil lately, COINBASE:LINKUSD maintained its current support level for more than 6 months. Following the BINANCE:LUNAUSDT collapse, link like most of the cryptocurrency market had put a new low. However, what's intriguing is, unlike other cryptocurrencies it has actually held that low quite strongly, with occasional visits every now and then, yet always followed by swift recovery. It seems that link has entered in accumulation mode and is preparing for the next cycle. The possibility for a new low still remains, but I believe even if we put a new low, it wouldn't be far off from the current one, and with that been said link offers now a lucrative buying opportunity.
LINKUSDT
$LINK - TRADING OPPORTUNITY. Short Term, 4H Chart.$LINK - TRADING OPPORTUNITY.
Yesterday we posted a bearish 1D Chart for Chainlink. But in the short term, I'm expecting some upside.
This is the EXACT trade I'm taking. (4H Chart)
The SL shows the Stoploss, and the green supply box is where I'm looking to sell!
#LINK
LINK into an OBLINK is currently into a 15min OB I identified weeks ago. RSI and OBV show signs of bearish DIV but I think that we can't rule out the possibility that BTC goes up to 17.9-18K before dumping again. If this happens LINK might take the green path, if BTC stops around 17.5-17.6K then yellow path is more likely.
LINK is currently ranging between those two dashed lines, it has been ranging since beginning of June so to pump on HTF I'd expect a sweep below the lower liquidity line and then a spring effect.
Please be aware that I just speculate on the possible path, not the timing.
Use SL when margin trading!
Good luck!
LINK: Bullish Resistance BreakoutTrade setup : Price bounced off of $6.00 support zone, which also held up in June and July and broke back above $7.00 resistance and 200-day MA, with big volumes, which could signal trend reversal with upside potential to $8.00 resistance.
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. The nearest Resistance Zone is $7.00, which it broke, then $8.00, and $9.50 - $10.00.
#Chainlink Surges 36%, will LINK Break Above $8?Past Performance of Chainlink
Chainlink buyers have been active in the past few trading days. Even after losses of early November, LINK is higher in relative terms, adding an impressive 36 percent from November 2022 lows. Even so, LINK remains within a bear breakout formation, looking at the candlestick arrangements in the daily chart.
#Chainlink Technical Analysis
Buyers are confident and expect more gains in the short term. Even though LINK buyers have the upper hand, the path of least resistance is southwards. Clear in the daily chart, LINK is within a bear breakout formation. Besides, the November 8 and 9 bearish engulfing bars still define the recent price construction. Therefore, sellers have the upper hand from an effort versus results perspective. Solidifying this outlook is that recent gains have been with lighter trading volumes—compared to November 8 and 9. As such, sellers are in control unless LINK clears $8, the November 8 high. This means every high could be a liquidation opportunity for traders targeting $5.5.
What to Expect from #LINK?
LINK buyers are confident. Despite gains, there must be a complete reversal of November 8 losses. Once there are gains above $8, LINK will highly likely float back to November's peaks at $9.5.
Resistance level to watch out for: $8
Support level to watch out for: $5.5
Disclaimer: Opinions expressed are not investment advice. Do your research.
Chainlink (LINK) - November 30Hello?
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(LINKBTC 1W Chart)
As it began to rise above 0.0003 950, it began to release its upward force.
If it starts to rise above 0.0005 508, it is expected to explode the strength of the uptrend.
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(LINKUSDT 1W Chart)
The important thing is whether you can rise to the 11.976-15.374 section and be supported.
To do so, we need to see if it can rise above the MS-Signal indicator.
(1D chart)
The 7.230-7.820 zone is an important support and resistance zone.
Therefore, when rising in this section,
1st: 8.649
2nd 11.064
There is a high probability of rising in the vicinity.
However, since the 11.976-15.374 section determines the trend, if it is located below this section, a short-term response is required.
If there is a decline below 6.700, there is a possibility of a decline around 3.703-4.976, so you need to think about how to react.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator includes indicators that indicate points of support and resistance.
** SR_R_C indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor).
** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)
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Link is waiting to be pumped. Targeting $12The LINK/USDT chart is looking fat! The three-top pattern is waiting to break.
A perfectionist will wait for a confirmed break out of any direction to start trading.
But a gambler (with a bullish perspective) like me will start stashing the goods from now. The plan is to buy a small portion now and buy some more if the price falls to 6-ish. Stoploss at $4.9 and Tp at $12, a reasonable R/R rate to me.
Buy zone: $6 -$7
Stl: $4.9
Tp: $12
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LINK: high optimismIt was certainly another good week for LINK lately. Although markets are still generally on hold, due to potential contingencies from FTX collapse, LINK showed that investors have strong confidence about this coin. During the whole week, LINK was looking at higher grounds, ending the week by testing the $7.0 resistance line. However, the start of the week was a bit bumpy, where the starting point was at level of $5.5.
RSI reflected price developments, moving from 38 up to 54. It clearly shows that investors are eyeing the overbought side. It is positive, since it might support the price further in the coming days. Moving averages of 50 and 200 days continue to move extremely close to each other, increasing probability for potential golden cross in the coming weeks.
LINK is ending the week by testing the $7.0 resistance line, which will continue at the beginning of the week ahead. There is some probability that the coin will revert a bit to the downside in case that $7.0 is not breached, to the level of $6.5. On the opposite side, the level of next resistance at $8.0 might be the next target for LINK, still, there is lower probability that it might occur during the week ahead.
The ChainLink LINK price is preparing for a good growthToday, we will consider the LINKUSDT price chart on the 3-day time frame
For the last six months, the LINKUSD price has been in a wide consolidation range of $5.50 - 9
Trading volumes in the range show that buying prevails, and therefore we can conclude that the "big player" is gaining long positions.
If in the coming days, the LINK price does not fall below $6, then in our opinion this is a signal for strong long.
The first task of buyers is to break out of this consolidation upwards, that is, to confidently consolidate above $9.
In the medium term , we see the following targets for the growth of the ChainLink token price: $12.50 - $14.80 - $17.50
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LINK has registered a range trend!Over the past week, LINK has registered a range trend on its important support range. After the buyers' efforts brought the price of this currency to the resistance range of 9.3-10 dollars, the simultaneous profit saving of short-term buyers and selling pressure in the market forced the medium-term buyers to sell their assets. As you can see, we are generally in the descending channel in the weekly time frame and in a trading range area in the daily time frame.
The floor of this area in the range of 6.2 to 5.9 dollars has repeatedly prevented the price from falling, and this support occurred again in the last encounter. But the most important thing about the last encounter is that the penetration of the price inside this range is a sign of possible breaking of this level and the possibility of falling to the bottom of the descending channel in the range of 4.5 to 5 dollars. In the 4-hour time frame, you can consider a downward trend line for possible reversals. By breaking this dynamic resistance, the possibility of short-term growth to the $7 range can be provided. Of course, in the condition that Bitcoin stays at least in the range trend and does not fall further.
Link Possible Scenario (short)hi everyone
as you can see the link is in a downtrend channel and is touching the upper band, if rejected from here, you can short with a stop above it...
please share your opinion in the comments
I consider all analyses performed in relation to that trade position.
Our analysis is not a buy or sell referral.
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LINKUSD: Was It a Fake Bullish Breakout? 😱 | Nov. 25, 2022This week, we will stick to the 4-hour time frame to analyze the price action in detail!
It seems like a false bullish breakout was seen earlier this week following which a strong rally was witnessed. Seems like the price will soon approach the next resistance situated at $7.35. If the resistance is reclaimed by the bulls, traders can expect a strong rally in the coming week.
Once the resistance at $7.35 is reclaimed, we can see a clear path to the supply zone at $8.51. However, this view is only valid once the price is able to sustain above $7.35.
Traders must maintain caution of the demand zone at $6 because if this zone is broken once again, a sharp fall could be seen. At the time of writing, it looks like we may see a small pullback as the RSI has started falling. Expect the price to test the support at $6.3 before continuing the rally.
The important price levels for this week are $6.3 and $7.35!