$LINK consolidation long targetsTargets marked on chart once breaks out of long term consolidation patter. For now accumulate at bottom and midpoint of the range.
LINKBULLUSD trade ideas
LINKUSD: Strongest day of the year testing the Channel's top.LINKUSD is having the strongest 1D candle of the year, turning the 1D time-frame technically overbought (RSI = 73.130, MACD = 0.370, ADX = 25.207). This rise may have taken the price above both the 1D MA50 and 1D MA200 but just hit the top of the 8 month Channel Down. Technically that is a sell signal, targeting the bottom of the High Variance Belt (TP = 7.000).
If the price crosses above the top of the Channel Down and invalidates it, we won't go long just yet, but rather wait for R1 (8.8000) to break and then buy aiming at R2 (TP = 9.65000).
A weekly closing over the R2, justifies a long term hold position on LINK.
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✴️ Chainlink On The Brink Of Bullish Explosion (78% Easy Target)The same situation I explained in the Polkadot (DOTUSD) trade idea, is taking place here.
The simplified repeated price action pattern has a variation on the LINKUSD (Chainlink) chart, instead of a higher low this year compared to last, we get a lower low which changes nothing.
Chainlink produced a lower low in June 2023 vs December 2022.
We have a strong bullish wave followed by a correction that is now leading to a new bullish wave phase.
The confirmation here comes in the form of the EMA50 indicator.
First, LINKUSD broke above it last month and now it has been tested as support and it holds. Trading above it opens the doors for sudden/fast growth.
The consolidation has been going for a while now, I think we only have a few days left before everything shoots up. The easy target is 78% on this one, more in the long-term of course.
Namaste.
LINK is soaring. Crypto local top soon. Usually when NASDAQ:LINK soars it is normally the final phase of the up swing.
Link is a perfect short opportunity in this case.
However, it seems like there's a connection with the Crypto market somehow.
Link goes up crazy 20%+ in a few hours then in a matter of days (sometimes hours) there would be a massive pull back in crypto market.
Be careful and manage your risk.
(information provided is only observations. Not a financial advice or actual facts)
Link chart analysis
my opinion is positive for Link. It seems that the price will increase until July.
Red and green areas show future support and resistance . 450$ is Link price target until the mid of 2025
After Doge and Chz I am very optimistic about Link.
Link on Poloniex ExchangePoloniex Exchange showed link at $0 for about 1 hour there was no volume in any of the surrounding candles. What does this mean? This really changes the structure of the chart. Is it possible we are getting ready for another drop towards $3?
ChainLink [Time to Shine]I've been wrong, just like everyone else in this space
Truthfully, I don't know why I feel the need to post this "call"
Perhaps it is my ego, wanting to be right
Anyway..
ChainLink looks ready to fly up from here
Why?
It accumulated for a few months, then ran below the old lows of the accumulations and has recently printed a buy signal.
Can you spot it on the chart?
BUY SIGNAL - MID TERM The information I share on this platform is based on my personal opinion and experience, and should not be considered as financial advice. You are responsible for your own investment decisions and should always do your own research before making any trades. I do not guarantee the accuracy or validity of any data or analysis I provide. Please use your own judgement and caution when following any call or signal I post. #imo
NOTE:
25% PROFITS AT EVERRY FIBONACCI RETRACEMENT LEVEL.
USE ISOLATED (FOR CRYPTO EXCHANGE)
USE CAPITAL RATIO (5 - 10 % OF YOUR CAPITAL)
DONT FOMO (FEAR OF MISSING OUT)
If you want to trade crypto successfully, you need to follow some basic rules. One of them is to use isolated margin for your trades. This means that you only risk a fixed amount of your capital for each trade, and you don't borrow more than you can afford to lose. This way, you can avoid liquidation and protect your account balance.
Another rule is to trust the process. Trading is not a get-rich-quick scheme, but a long-term game that requires patience and discipline. You need to have a trading plan and stick to it, regardless of the market fluctuations. Don't let your emotions get the best of you and don't chase unrealistic profits.
A third rule is to use capital ratio for your trades. This means that you divide your capital by 10 and use only one-tenth of it for each trade. This will help you diversify your portfolio and reduce your risk exposure. You can also adjust your position size according to the market conditions and your risk appetite.
Finally, a fourth rule is to avoid FOMO (fear of missing out). This is a common psychological trap that makes traders enter or exit trades based on hype or panic, rather than logic or analysis. FOMO can lead to overtrading, poor decision making, and unnecessary losses. You need to be confident in your own strategy and not follow the crowd blindly.
By following these four rules, you can improve your chances of success in crypto trading and enjoy the benefits of capital ratio.
✴️ Chainlink UpdateWhen I shared Chainlink more than a week ago it was trading at $5.56 and below EMA50, magenta line on this chart... Things are looking better now.
LINKUSD is trading above this level and the bias is 100% bullish.
This is a quick update, we can expect additional growth.
The upper channel should be tested but likely it will go higher in the weeks to come.
✔️ July will be bullish for Crypto/Altcoins.
✔️ July will be bullish for Bitcoin as well.
Namaste.
Bearish sideways range continues Since June2022 chainlink is in accumulation bearish zone. The Resistance(S.Chart) has been tested 5 times, where the sellers pushed down the market,with increased bearish volumes.
A break down oof the channel has more probablitiy as the bearish volume in the southern areas is increasing(I have marked them for you with red arrows)
The market collapsed after the gap down on may2022. A break above 8,50 can push chainlink to higher area with the first target to fill the gap.(S. green arrows) and Bullish scenario.
A Break down of the channel could continue to below 1$(See Bearish target 0,28-0,40).
The bullish outlook will be invalidated upon a decisive daily candlestick close below $5.73
An increase in buying pressure from the current level could see LINK shatter above the $6.96 resistance level, flipping all the key EMA resistance levels into support and using them to jump off base to target new highs.
In such a case, a crucial supply zone presents an opportunity for LINK holders to sell at a premium value. A supply zone trading strategy uses the price returning to the highlighted zone as an exit criterion. As such, traders should watch for a retest of the zone marked in blue to sell their LINK holdings. It marks the distribution phase of Wykoff’s classic schematic of market action characterized by accumulation, distribution, and redistribution spaces.
According to Wykoff, these phases are the handiwork of ‘whales’ and big institutions like smart money hedging their funds in the market. Once Chainlink price tags the supply zone, investors should expect a pullback, making time an important factor in avoiding the load-shedding exercise.
The recommended stop-loss level where traders and investors can lock in profits while avoiding any losses is the lower boundary of the supply zone at around $8.17. Such a moe would constitute a 30% rise from the current level.
On the other hand, an increase and sustained bullish momentum could turn what now presents as a supply zone into a breaker, providing an opportunity for Chainlink price to ascend and collect liquidity above the November highs of around $9.00.
Chainlink , is it over?Is it over for chainlink , are we going to 0?
Just three days we had amazing news for chainlink , the swift integration , this is massive news but if you been following LINK for a while you new it was coming.
Three days ago we were flooded everywhere with these articles letting everyone know how amazing this development was and how bullish this was for chainlink.
Three days later what do we have?
Your classic flash crash structure on early Saturday morning , I have documented time and time again for years here that these moves always happen Saturday mornings.
The level Chainlink has hit is very important it was the resitance wall of 2019 at 5 dollars , there is alot of confluence in this level so it is likely that it holds here for now, if not 3.5 dollars is next.
Why 3.5 dollars because thats where most of the past volume has been on LINK.
In May 2021 this indicator that I use quite abit flashed bearish divergence with a count of 5 , at the time I thought is this the top? As of today on the monthly the indicator has now flashed bullish divergence with exactly the same count , very interesting.
Don't think for a second that this was just pure coincidence that they pumped the internet with bullish chainlink news only to dump the price 3 days later , its clear they are trying to shake you out.
There no coincidences in crypto only coordinated attacks on your fear so large corporations can load up more.
Healthy DumpHello guys!
I don't see anything bullish about link its going lower for sure
And I am being optimistic with this target
Dump it
Thanks
breakout and structure ideaAnother structure playing out. Linking blockchains together. Reminds me of something that happened before.
✴️ Chainlink Hits A 3 Years Low, Major Bullish DevelopmentChainlink was range trading, sideways with a wide range since May 2022. This month, this pair hit a new low and this is a great opportunity.
First, LINKUSD hit its lowest price since July 2020 and is already starting to recover.
The signals pointing towards are recovery are:
1) Bitcoin moves ahead.
2) Smaller Altcoins are more advanced in the recovery phase (what one does, the rest follows).
3) The RSI oversold and hitting the lowest level in over a year.
4) Increase in buy volume and a bottom pattern as the new low is hit.
Breaking below the long-term support from May/June 2022 is good news because the long-term stop-losses are activated, weak hands are removed and a new opportunity develops for new buyers.
As the prices become attractive, this attracts new players, new participants into the game.
If you are in, you can always buy more.
If you were kicked, you can always jump back in.
If you are new... Lucky you, you have great timing.
On the short-term, we have this orange channel where the lower band has been activated, we can expect the upper band to be challenged in the least. Short-term is within a month (30 days).
Of course, since a new low has been hit if it fails you have a tight stop-loss, low risk with a high potential for reward.
This might be the real bottom before the next bull market or there can be another one in a few months, the relevance of this only depends on your trading style and goals.
With my method, I share trade signals each time we have a drop like the one that happened recently, buy and hold.
If it drops some more, then another signal and we accumulate and build a position long-term. When the inevitable bullish wave happens, we collect massive gains.
For us it is all a patience game.
This is not financial advice.
You need to do your own research and consider the risk involved.
I hope you find this information useful.
I thank you for reading.
Thanks a lot for your support.
Namaste.
CHAINLINK TO $60 (LONG TERM VIEW UPDATE)📈Here's an update on LINKUSD which I posted for you guys back in January. Just like I expected, market is still ranging within this corrective phase, which is allowing big institutional firms to DCA from these cheap prices. We expect further consolidation over the next few months, before we see a downwards liquidity grab towards $0.09📉
This also moves similarly to our Bitcoin short analysis, as most Crypto's are still in a corrective phase for the next few months at least🔺Good opportunity for my Crypto Fund investors to profit by shorting the market!
LINK breaking down for a 5th waveVery clean count on LINK, we just broke down from massive support range, if LINK continues to hold below without a quick move back up into the range we should expect a full 5th wave down to finalise the correction.
Target $2.5
LINK back to Pre-covid HighLINKUSD broke through the lower channel and is hanging out around the pre-covid high levels in 2020. Interesting to see if we can hold the line and prove that LINK has the believers to be a contender in the next bull run. Worth watching this support level as the SEC play havoc with the whole crypto market. Its a lot of theories but it aint no financial advise so it isnt.
PAINLINKBear trap into god pump to mid teens only for it to slowly bleed back down to $3 bucks.
Bitcoin did something similar in 2020
LINK TO THE PASTHistorically Link has been brilliant to trade from a technicals perspective.
You can see the prior consolidation channel and the 2 x Head and Shoulder patterns that played out beautifully. You can also see how the green circles were great entry levels
At present we appear to be in a consolidation box awaiting breakout.
I am leaning Long Term Long for the following reasons:
- On Balance Volume is increasing
- Break above 50 week MA
- RSI pressing upwards
- 90% correction in price since May 2021 (when we broke RSI resistance line, important to watch for this and exit trade if it occurs).
- LINK/BTC is also in a downward channel and looks ready to break out
- You will see from my recent BTC Dominance chart i believe we will have a slight pull back in dominance over coming weeks offering ETH and Alts an opportunity to make some gains
- The prior patterns, the H&S, Parallel channel and subsequent H&S top, these all lasted between 52 and 72 weeks. We are in this current consolidation pattern almost 50 weeks. It is probable that we get a break out within 2 - 22 weeks.
Trade Management (swing trade)
- A retest of the 50 MA would be a reasonable entry. Bottom of the box event better.
- Break below box, exit trade.
- Trade timeline 2 - 22 weeks (explained above)
- If already in the trade I would be keen to exit the trade once in oversold territory on the weekly RSI (We can always reenter it later).
PUKA
LINK on its final short leg down before the upthrust!
Get ready to DCA folks. LINK is about to fakeout and shakeout. My TP for DCA'ing will start below $5 all the way down to 4.x. Accumulate, accumulate, accumulate!
THIS IS NOT FINANCIAL ADVICE!
Cheers
