Chainlink #LINK v #Ethereum to 2.4X?Chainlink is exhibiting bullish market structure against ETH
Bullish market structure just means higher high's and higher lows --- uptrend
After a strong move
we are seeing a nice backtest of previous resistance
let's flip this into support and continue this trend into 2024
Sergeynazarov
Linkiesavoid the stink trap this time, kapiche?
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LINKETH Momentum Shift - Resembles BATBTC LINKETH is starting to show a stall in bearish momentum. Bears stopped selling their ETH for LINK--at least for now. If this is true, based on the Fibonacci Retracement/Extension, we could be looking at a possible 2x gain against ETH for LINK!
Some would argue that a valuation of LINK at under 20B USD is criminally undervalued. What do you think?
LINK ABOUT TO BLOW!Update for Links inverse head and shoulders pattern, we have smashed through the 0.5 FIB level and now today we are looking to hold this level for our daily close. A close above the 0.5 could send link flying due to us also breaking out of this wedge resistance! This will be a very close daily close for us by the looks of it, so keep your eyes open and watching. Also keep in mind BTC will drag or pump the market depending on where bitcoins price goes. The RSI bounced off the 50. point and we need to see a confirmed break above this to see a full scale uptrend. I think this is very likely in the coming days as we are getting indication from the MACD of Bullish momentum, we see the indicator threw out a buy signal and we are seeing a potential bullish cross of the MA's (Blue ontop of orange) With that we notice a long overdue green bar on the histogram which is bullish. I got a feeling alt coins are mostly all on the verge of a big breakout in the coming days, all indicators and technicals are giving that hint just even comparing the indicators with XRP on my last TA, Big moves ahead guys! Not financial advice just my opinion!
$LINK Chainlink EW 5th? First idea!! CHAINLIKEHi there,
this is the first time publishing an idea for me on tradingview.
Im heavily invested in chainlink because of what the network and team are capable of.
Partnerships everywhere, vital to defi, staking not yet live which will push the price parabolic because of collateralization.
If you dont understand this dive into $LINK's tokenomics and read between the lines ;) You'll be satisfied.
Buying opportunity will come, one last time somewhere coming months after we went above $10 and likely retrace to $3-4 area.
Then the game is on and 2021 we will fucking fly.
Chart is more for fun.Though id be happy to receive some feedback about the use of EW since im not a huge TA trader.
Thanks and Cheers.
- The God Protocol
Chainlink 1D -- Bottom Reached. Enter!Disclaimer: LINK has gotten destroyed in sats over the last week. This entire prediction relies on btc not dropping like a rock, so make sure to run a stop loss around 48 cents.
This is an update on my most previous post. I am limited to 3 indicators, and did not save the pitchfork from last time, so it is not perfectly set up (though it is roughly aligned).
I have 3 EMA's: 25d, 50d, 100d. As can be seen, they have been acting as support/resistance quite actively over the last few months for LINKUSD. There's also a distinguishable pattern: the price dumps to the 50d or 100d EMA, consolidates, and then sharply pumps to a higher price. This pattern agrees with my early March prediction that we would cross the line of best fit in mid April (shown by the arrow and large green ellipse).
The reasons why I think the price will bottom at 49 cents:
>This is the longest time above the 49 resistance since the bull run.
>We've witnessed continuous price rise action in the 35 cent to 49 cent range over the last 4 months.
>An S/R flip here would mean that 49 cents is finally conquered, which would make sense after the multiple attempts at doing so.
>Volume looks ready to explode (although this can be interpreted either way).
This setup looks probable. Let's hope for the best.
This setup is from my most previous post, linked below.
Did somebody order LINK pizza? CHAINLINK Hello everyone. Welcome to this pizza slice analysis of my favourite ERC20 token!
Here's a fresh new perspective on the much debated LINK/BTC chart. I've identified 3 fractals that have been in play over the last month.
Firstly, is the white line which symbolise normal bull flags. And then there is the red pizza and the green pizza. Basically ordinary triangle patterns but I like to make it fun. And we all know how much Sergey likes his pizza haha :). But these pizzas I've seen before and they are a useful way to distinguish between normal bullish/ bearish triangles or wedges because the price is not necessarily bouncing straight up from the trend lines, and it just signifies a range of trading for a certain timeframe.
The green ones follow a pump, and converge inwards. Normally there is a pump after. The red pizzas expand and break downwards back to resistance. I believe the last three days could be one big green pizza following a red one. Previously, I thought this pattern was a bullish pennant but that hasn't seen any follow through.
This particular pizza though is also making me rack my head! Chainlink is known for not completing patterns very well, and this pizza had a break down as you can see with the orange circle. The bullish version of this chart sees this as simply a bear trap. But what would count as evidence againt this is that we have rarely seen bear traps with these pizzas in the past; the only reason I think that this could still be a "valid pizza" is the high buying volume in BTC at that particular moment (overlayed in the graph), as this chart is paired to BTC. This one follows the yellow line as it is a little cheesy.
I also have a bearish version of this chart which I'll post in the update which involves basically a bigger pizza slice forming, which would turn into a bullish wedge. This bearish view follows the orange line. Also we are losing a lot of bullish momentum already by confirming below the 10EMA, so this bearish scenario is pretty likely too.
Please leave a like if you enjoyed!
-Etch
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