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LINKBULLUSD trade ideas

LINK: moving in overbought marketIt was a very good week for LINK. Coin found strength to make a move toward the long term resistance line at $9.0. LINK finished the previous week by testing this level. At the same time, a clear overbought market has been reached, which decreases the probability for this level to be further breached to the upside. Nevertheless, LINK made significant progress in a single week. RSI reached level of 72, clearly indicating that the coin reached the overbought side of the market, implying that short term reversal is ahead. At the same time, MA50 started its modest divergence toward its MA200 counterpart. The golden cross is still far away, as two lines have some distance between them to overcome. Current charts are indicating that LINK will start the week by testing the $9 resistance line. At this moment there is no clear indication on potential for this line to be breached to the upside. Instead, RSI is adding to probability for a short reversal, which might lead LINK back toward the $8 support line to test it once again.
COINBASE:LINKUSD
by XBTFX
LINKUSD: Bearish Bat with Hidden Bearish Divergence at Range TopCHAINLINK has been trading within this range for the last few months and recently has put in a Partial Decline; However it has formed a Bearish Bat on the Way up and may look to make a 50%-78.6% Retrace before continuing back up again to Bullishly Breakout. So i would say the short entry is here and the profit target is between the 50 and 61.8 Retrace. Before then reversing again and giving us a Secondary Partial Decline.
COINBASE:LINKUSDShort
by RizeSenpai
1
Link inverted parabolaLink broke out of it's 434 day bearish parabola (in purple). In my experience, that means we have some upside ahead of us. Keep in mind we're still in a bear market, which means that I see this pump as a dead cat bounce. I believe the price will rise in the next few weeks, crash to a new low in September, then move sideways between ~5 - 10 dollars until the early days of 2024, i.e., right around the time of the next BTC halving. Then we begin a new 1.5 year up only cycle, at which point LINK should pump high as hell. These dead can bounces can be very profitable if you know where and when to sell. I've marked interesting resistance levels at which I intend to sell. I've attached my macro BTC chart, and macro LINK chart, for accumulation zones.
BINANCE:LINKUSDLong
by fritzz
5
LINKUSDprolly something like that tbh maybe brief rejection at trendline but overall the way other coins are moving this scenario across the board is looking more and more likely sigh travelling right now and kinda ceebs w trading (stress while travelling?) but 3 year bear market and overall is seeming less and less likely global worker shortage? rather than high unemployment, but cost of living is up so speculative spending down? eth coins been performing but this one kinda lagging comparitively, l2 narrative stronger than oracle rn apparently i suppose just finished a 3 day hike n v tired so sorry if that doesnt make much sense weve a cpi tomorrow but from what ive seen potenital for downgrading and restoring investor confidence but thats fairly speculative (source is vague but one of my more trusted ones) so if this was the case then v ltf dip before resuming uptrend techically weve got room for the obv to bounce higher and confluence level w ema200 and recent wick and old aug 2020 key level after initial takeoff of oracle narrative leaning bullish as consolidation appears to be restoring market confidence
COINBASE:LINKUSDLong
by olliecoughland
1
Chainlink Price Analysis — August 8Chainlink has posted an aggressive 12% rally over the last 24 hours, tapping a near two-month peak at $8.74. The cryptocurrency also recorded its highest bullish trade volume on Bittrex since May, highlighting the notable expectations of a bullish rally in the near term. That said, bulls need to be cautious of impending ease in pressure for LINK leading to a possible return to the $8.00 mark. Meanwhile, my resistance levels are $9.00, $10.00, and $11.00, and my support levels are $8.00, $7.30, and $6.00. Total Market Capitalization: $1.14 trillion Chainlink Market Capitalization: $4.08 billion Chainlink Dominance: 0.35% Market Rank: #24
BITTREX:LINKUSD
by Mr_Wogbe_Alex
LINK: how far is $9 resistance?Two weeks ago LINK finally managed to move from channel trading between levels of $5 and $7. Long term resistance line at $8 has been reached, but the coin did not have strength during the previous week to break this level, although it has been tested on several occasions. Weekly trading range was between $7 support and $8 resistance. In line with spot price, RSI was moving within short range, between 52 and 61. This indicates that the market is still on the road to the overbought side, but it will take some time until it finally reaches it. Moving average halted divergence from MA200 counterpart, however, convergence has not started yet. Current generally decreased daily trading volumes on the crypto market are not allowing for coins to move to the higher grounds. Same situation is with LINK. In this sense, it might be expected that the coin will continue to move within a range between $8 resistance and $7 support line. However, charts are now clearly pointing to the level of $9.0 resistance, still, as long as trading volumes are low, testing of this resistance line might be postponed.
COINBASE:LINKUSD
by XBTFX
2
Chainlink Roadmap 2022-2024It seems for now we have a bottom to work with , things are starting to become much more clear for Link , we now have this major trendline as Marco support. It's the same trendline that sent links on a massive run up to 20 dollars and now as it stands we seem to be holding it. As you can see from the chart this time fib sequence is unreal , three amazing chainlink events , I try and find these all the time spend hundreds of hours going over link and btc for the golden sequence which I believe i found for bitcoin, its how i saw this capitulation event as early as January 2022. Chain Link Fib Count .0618 - This date is important because it's when Link hit 20 dollars for the first time, it was an important level to hit that resulted in over 140days of consolidation. 1.618 -All time high , yes this fib count lands right up there . 2.618 - This was a major pivot point down for the link which confirmed the bear market because it created its first lower low on the weekly. 3.618- First week of October 2022 , this could be the week Link starts increasing in momentum. 4.618 - This could be the date we get a rejection of the 8/1 gann fann , normally when price approaches 8/1 for the first time there is some sort of rejection or event that occurses and if my theory is correct it will swing down to the bear market lows again , as I go over in other TA's Bitcoin always comes back to create a double bottom before lift off . 5.618 - This is the most important fib count of all because it lines up with many things , first of all the Bitcoin halving event is during this period which for now is May 4th 2024 , we also have this very important LINK/BTC time fib which I have used for years without fail and the next fib time on that is last week of april 2024. The RSI on the weekly on Chainlink has been in a descending wedge pattern for more than one year , once we break this can expect big moves. So expect a major chain link event during March 2024 to April 2024.
COINBASE:LINKUSDLong
by Sporia
9
LINK: Is $8 sustainable?After a month of side trading, LINK finally made its break from the $5-$7 channel. This move was supported by generally increased optimism on the crypto market. However, charts are currently raising a question: how sustainable is the level of $8 for LINK? LINK started the previous week at the $6 support line and made a swift move toward the $7 resistance line. With increased market optimism, this line was breached to the upside, and LINK managed to reach the long term resistance line at $8, where it is finishing the week. Resistance line has been tested, but it has not been breached. RSI was moved to the level of 65, leaving some minor space for the price to go higher until a clear overbought market is reached. Moving averages of 50 and 200 days continue to move as two parallel lines, without indication that the convergence might start soon. Technical analysis is suggesting that LINK will start next week by clear testing of the $8 long term resistance line. In case that the market finds the strength to push the price higher, then the coin might seek the way toward the next resistance at $9.0. On the opposite side, there is high probability for a short term price reversal toward the support line at $7.0 in order to test it for one more time.
COINBASE:LINKUSD
by XBTFX
3
LINK: $7 is currently a hard taskFor over a month, side trading is a dominant way of trading for LINK. Previous week was not different. Coin started the week at level of $6.3 and reached weekly highest level at $7.5, before it slipped back below $7. With the latest moves, the resistance line at $7 has been clearly tested, but the market just didn’t have enough strength to sustain the coin at higher grounds. During the week RSI moved from level 50 up to 59. This is an indication that the market is eyeing the overbought side, however, there is still no market potential for such a move. Moving average of 50 days slowed down significantly its divergence from MA200, however, there is still no indication that convergence might start soon. Current charts are showing that the market is still eyeing the overbought side, which is adding to the probability that $7.0 resistance will be tested one more time in the coming days. Considering highly decreased trading volumes, it could not be said if this level would be clearly breached in the coming days. On the opposite side, the support line stands at $6.0, which might be tested one more time, before the market finally reverts to the upside.
COINBASE:LINKUSD
by XBTFX