Chainlink (LINK) - October 1Hello?
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(LINKUSDT 1W Chart)
The key is whether you can climb to the 11.976-15.374 section.
(1D chart)
Primary resistance: 8.290-8.822
Secondary resistance: 9.869-11.064
Support: 6.7-7.411
We need to see if we can get support in the 6.70-7.411 section and move up to 8.290-8.822.
If it falls below 6.7, it is expected to decline to around 4.976.
As the Stoch RSI indicator is on the decline, it looks like we will soon enter the oversold zone.
If you enter the oversold zone, it is important to find support in the 6.7-7.411 zone when you break out of the oversold zone.
If supported, it is expected to move higher along the short-term uptrend line.
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** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator contains indicators that indicate support and resistance points.
** SR_R_C indicators are displayed as StochRSI(line), RSI(columns), CCI(bgcolor).
** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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LINKUSDT
Chainlink : The 4th Industrial RevolutionToday H₿ Capital is analyzing LINK based on a (2W) chart 📈
What is ChainLink ?
Chainlink is a decentralized blockchain oracle network built on Ethereum. The network is intended to be used to facilitate the transfer of tamper-proof data from Off-chain sources to On-chain smart contracts.
This solution is important because currently, most smart contracts are “isolated” on the blockchain, which means they can only interact with other contracts on that same blockchain. This limits their usefulness, because in the real world, data doesn’t live on just one blockchain. In order for adoption to truly take hold, different systems need to be able to talk to each other in a seamless and secure way.
Chainlink solves this problem by providing a way for smart contracts to access data from off-chain sources. This data can be anything from cryptocurrency prices to weather data or even individual identity information. In 2021 Chainlink has signed Eric Schmidt, Google former CEO, as a strategic advisor.
Recently, the Interbank messaging system "SWIFT" has partnered with price oracle provider Chainlink to work on a proof-of-concept (PoC) project which would allow traditional finance firms the ability to transact across blockchain networks. To fully understand the extent of this partnership, remember that SWIFT is the most widely used interbank communication platform for cross-border payments. In particular, it connects more than 11,000 banks around the world and records an average of more than 40 million daily transactions (are you bullish now ?).
Technical Analysis
What we can see :
- LINK made a complete Elliott Cycle started in June 2018 with the first leg of the impulsive wave (1,2,3,4,5)
- Back in may 2021, following the bitcoin crash, Link started its " A B C" corrective wave movement in a "regular flat" structure (3,3,5)
- By using Fibonacci retracements from the beginning of wave 1 (0,16$) to the top of wave 5 (52$) we can see that prices have stabilized on the 0,886 fib level (which generally indicates a potential bottom).
Reasons to be bullish :
- The spreads (long / short) are very low
- Prices closed above the Tenkan and seem to hold it
- Prices break the first downtrend line
- MACD seems ready to initiate a bullish crossing
- The slow stochastic wants to leave the oversold region
So regarding all of the above informations, it seems that Link is ready to start a new Elliot cycle (1,2,3,4,5 / ABC)
Two scenarios we can expect :
Case #1 : Bulls
- Prices take support on the Tenkan and break with conviction the 10$ area where we have a massive resistance (Kijun + SSB flat alignment)
- RSI closes above level 46,67 / The stochastic closes above the oversold region / MACD crosses bullish
R1 ----> Kijun flat (22$)
R2----> Second downtrend line contact
R3 ----> SSB + Kijun flat alignment : (28$)
R4 ----> ATH (52$)
TP1 ----> 89 $ (1,618 Fib level)
TP2 ----> 142 $ (2.618 Fib level)
TP3 ----> 194 $ (3.618 Fib level)
Case #2 : Bears
- Prices close below the Tenkan and below our first downtrend line.
- RSI fails to break the 46,67 level / Stochastic fails to leave the oversold region / MACD doesn't cross bullish
TP1 ----> 6,14 $ (0,886 Fib level)
TP2 ----> 4,57 $ (Top of the biggest VPVR bar)
TP3 ----> 3,46 $ (VPVR - Point of control)
Good luck traders, may the crypto be with you 🍀
FEEL FREE TO LEAVE A LIKE AND FOLLOW ⭐ H₿ CAPITAL ⭐
Link/USDT Short📉4hr Technical+Harmonic PatternN.B. My analysis is not based on Harmonic pattern but this Harmonic pattern is based on my analysis so don't ask me later if I drew the Harmonic pattern wrong
Trading proposals post based on price action,
technical analysis, major intraday supports
and resistances, rejections, breakouts, chart
patterns and other factors.
How this analysis was done:
First I find usdt pairs using crypto screener then if all Three×3 in 1 indicators gives main entry confirmation at the same time I go with the analysis then I find Support and Resistance zones in 3x entry timeframe also using one of the three indicators for backing up my analysis and filter bad signals then I also make trendlines using two of the 3 indicators in 3x entry timeframe for filter out more bad signals then again using one of the 3in1 indicators I filter fake breakout in entry timeframe and in higher time frame and then if other minor conditions is confirmed the analysis is done.
Take Profit:
Take profit is A/B/C Zone point
Take profit is dynamic/trailing stop loss/take profit
Stoploss:
Stoploss is above/below the D Zone point / danger line
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LINK - Clear pathways down/up LINK needs to reclaim upper range band with confirmed candles (as seen drawn in green/red candle like boxes) and then I will long.
For now, this is a temporary short imo back to mid-range if we see a break in the recent trend's market structure. That's a short-term scalp though, so I'm not interested.
Ping Pong until further notice I guess, range still in tact though.
Thoughts on the chart otherwise!
Cheers
#Chainlink Prices up 48% in 3 Months, LINK Bulls Target $9.5Past Performance of Chainlink
Chainlink prices are inching higher and are relatively resilient versus BTC and ETH. If anything, LINK buyers have had the upper hand over the past three months despite the bearish status of crypto assets in the past ten months. Technically, LINKUSDT is broadly within a bear flag, with the primary resistances at $8.2 and $9.5.
#Chainlink Technical Analysis
LINK is up roughly 48 percent from 2022 lows, trending inside a bear flag. As Chainlink bulls press on, the immediate support is at last week's lows at $6.6. Conservative traders can wait for a clean breakout above $8.2 before loading the dips, targeting $9.5 as LINK turns the corner, bottoming up. This will be highly likely considering the strong surge of early Asian session that not only quashed bear attempts of September 26 but also forced the coin to this week's highs. On the flip side, if Chainlink bears flow back, forcing the coin below $7, the uptrend will be nullified. In that case, the odds of LINK syncing with the primary bearish trend will also be elevated.
What to Expect from #LINK?
Buyers are optimistic, but LINK prices must first clear immediate liquidation levels if there should be confirmation of the uptrend. For now, Chainlink bulls stand a chance if prices are held above $7 and $6.1. Meanwhile, if buyers succeed, prices could float to $9.5 as bulls finally shake off sellers.
Resistance level to watch out for: $8.2
Support level to watch out for: $7
Disclaimer: Opinions expressed are not investment advice. Do your research.
LINK is a SLEEPING GIANTThe value potential on LINK is incredible and how could someone not take this opportunity to load up? We are now on the verge of closing above a range that could launch the price to almost 30%. Bullish divergence on the weekly along with all other major timescales as we start to slowly see the tides turning and crypto not following other major markets as they look to be decoupling in some ways….. LINK
Link - Trendline is breaking out! +60% right now
Link looks pretty strong in the immediate short term, but for the long term I am still very bearish and I will tell you why in this analysis.
We have a huge descending parallel channel on the daily chart and there are still no signs of a trend reversal. The first is that we at least need to break up this channel to be more confident.
Also, my Elliott Wave analysis suggests that this downtrend is incomplete and we can definitely expect 2 USDT per coin next year.
But for the immediate short term, we have a nice local ascending triangle - bullish pattern , and also the main yellow trendline has been destroyed by the bulls recently.
+60% profit is possible and the previous wave (1) is a strong resistance, which can act as a reversal point in the future.
If you really want to buy something in the short term, then the LINK coin is a great choice. But do not forget that the main trend is a downtrend, so take profit very soon.
We don't know what the expected duration of this trade is. It can literally pump in a single week, or it can take 2 months to reach 13.3 USDT.
For more analysis, hit "Like" and "Follow"!
LINK is moving sideways - gathering momentum! Hej Guys and good weekend for you all.
Again when i show something is it never buy/sell post, but more FACTS and with those facts , you can make your own decision if you wannna
put money in this trade.
facts
Been down trending like the rest of the market since since Marts 2021 and so fare its down 85 % in months.
What we see now.
WEEKLY CHART
DMI = sell = but it become more and more neutral.
MACD = negative but with positive signs.
RSI = Negative and running sideways under 50.
DAILY CHART
Ma 20 just over positive
MA 50 just over positive
Golden cross in the making for SHORT tearm bullish trading.
Ma 200 negative = Down trending.
an opportunity can happen in this area even thu it looks more bearish then bullish , but you have to think RISK/REWARD
Idear:
Buy close to the support line ( black line ) and put your stop loose under the support line ( black line )
The reason i dont say buy here is because the stop loose would be 50 % from your entry and that dont make sence, BUT if you wanna jump in now, your stop loose just under have a HIGH risk of getting stopped out in this markets conditions..
But we all trade different , so just remember to think about what your are doing and why.
Chainlink LINK Bearish SentimentFriday the S&P reached its 52 week low, $3636. There is a strong correlation between the S&P and the crypto world. Many stock investors diversified their portfolio into cryptos, especially in BTC Bitcoin and ETH Ethereum .
With a bearish stock market in the worst month for stocks and cryptos, i expect most of the cryptocurrencies to trade lower this week.
LINK/USDT short
Entry Range: $7.50 -8.00
Take Profit 1: $6.40
Take Profit 2: $5.10
Take Profit 3: $4.60
Stop Loss: $8.90
LINK NICE FOLLOW THROUGHLINK had some very nice follow through the past couple days and is now trying to bust out of the supply line and push upwards. No conformation yet regarding a backtest, but if we can do so, $8 comes into the realm of probable outcomes. LINK often decouples from BTC at times, so thats where we could see a attempt to bust out. Link looks more appealing compared to other S Coins
Link Elliott Wave count and trade ideas. Getting the video rig back up and getting used to things again so apologies for some of the audio quirks. Working the issue.
That aside still think some fun Elliott Wave info and some nice potential trade setups and things I am looking out for.
If it inspires you or is helpful, hook me up with a boost, a follow and check out my signature more content. Cheers!
LINK RIPPIN- Wall Street REKT?LINK and crypto making power moves in the moonlight hours. We are seeing a decoupling effect from the normal markets and I’m totally here for it. I actually can’t believe we did the exact opposite compared to the NASDAQ, S&P, ect. It’s almost like this is how it should be……. Hmmmmm. People losing faith in Wall Street? Why would you! Those people want you to make money! They totally have your best interests y’all, do what they say and be led like a heard of cattle to the butcher…. Wake UP.