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LINKBULLUSD trade ideas

✴️ 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.
COINBASE:LINKUSDLong
by AlanSantana
14
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!
COINBASE:LINKUSDLong
by BA_Investments
1
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
COINBASE:LINKUSDLong
by PukaCharts
ChainLink End Of The RoadChainlink has posed a challenging cycle thus far, with an extended period of sideways accumulation for over a year. However, the time has now come for the asset to make a move. The Gann Fan indicator illustrates that there is limited room for further sideways action, with three rejections of the 1/2 Fan occurring in the last two years. If we do break out of this range, we must either move downwards or make a significant upward move, which will likely last until late June 2023. At this point, a move to the 1/1 Gann Fann level with 20 dollars as the maximum price increase seems the most plausible. Looking at the facts, the monthly histogram for LINK indicates a building momentum, with lighter closures suggesting a potential shift in trend. Additionally, LINK has experienced four straight months of weekly lower highs since the start of the year. My hypothesis is that we will reach a peak in June 2023, which lines up with the predictions for LINK based on the chart below: The USDT dominance chart has completed its 5 waves and ABC correction, with the final wave most likely to start next week once the yellow support level is broken Furthermore, the Bitcoin Dominance chart has also completed 5 waves and is currently experiencing a rejection of the 8/1 Gann Fan, indicating that alt season is likely on the horizon. If Link fails to break the 1/2 Gann Fann level to the upside, the downside target would be HKEX:5 , though this scenario has a lower chance of playing out at the moment.
COINBASE:LINKUSDLong
by Sporia
12
LINK - It is timeLink has been consolidating in the same tight zone for 330 days. After that long period of accumulation, I predict the move up will probably be large and sustained for at least 2-3 big legs up. The problem is that we've had 3 fake-outs where price closed above $8.5 and then dumped hard right after. With that in mind, I plan on buying the next time LINK closes above 8.5 and cutting my losses if I see it close back below the support/resistance (S/R) zone highlighted in red, meaning below $8. If the breakout is real, a I think and hope it is, then I intend to take profits between $19-20, and keeping the rest for the possibility that LINK becomes a beartime runner again, like last time.
BINANCE:LINKUSDLong
by fritzz
9
Super low volatility on LINK since August 2022 weekly Bullflag!Here we have a bullflag on the weekly chart for NASDAQ:LINK We have volatility in the extreme lows since August 2022 The accumulation/distribution indicator is showing higher lows Fundamentally link is trading where we were before the coinbase listing pump (inflation adjusted). I belief Chainlink is hyper undervalued compared to where it should realistically be. Time will tell as always it will only become obvious to the masses AFTER the asset pumps and believe me, the value of NASDAQ:LINK will become very apparent in the years to come. WAGMI!
COINBASE:LINKUSDLong
by GregTheSpider69