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LINKBULLUSD trade ideas

LINKUSD - Breaking down lowerThe price has broken down the Fib Channel 78.6% level, and it is anticipated to get down to the 100.0% (from the top) in the near future which would bring the price to around $8-$9 per Chaninlink token. To draw this Fibonacci Channel, the main trend line connects local high points. If the price does not hold this level ($8), the 123.6% Fib level could be the next support level. RSI has been descending and getting closer to strong support. **This is not Financial Advice** In my opinion, it could be a very good accumulation opportunity for LINK lovers.
COINBASE:LINKUSD
by PersianAnger
$8, $11 or $17 next for Chainlink ?Hello all. As the entire market, so does chainlink has approached a moment of decision. As we look at weekly timeframe. we see that link trades below the weekly ascending line of support (yellow line). At the same time, the current price trades below the 50 week EMA and also inside a descending channel(orange lines). The 200 week EMA sits at approximately $11 and the bottom of the descending channel at $7. Both of these levels also correspond with previous levels of support. In case the market sees a correction or a slight drop, these are the levels I believe Link will go next. On the other hand, link has the chance to go to $11 which is the top of the descending channel, and also the golden Fibonacci pocket. $13 is a strong level and we can see a bounce from this level as we did previously. Patience is key at this moment not only for Link, but also for the entire crypto market. The stochastic RSI says it all, it remains in the neutral area. Thank for reading, and stay tuned. Enjoy.
COINBASE:LINKUSD
by EdgarTigranyan
2
Chainlink Cycles The link marines have a sour taste in their mouth , they are confused on why the link is not going up . If you go to the official chain link twitter you can see with every official link post showing the project's massive progress is met with a wave of angry investors asking why the price is falling and calling for the end of Chain link . All we need to do is take a look at the whole picture to get an idea why the link is going down, look at that parabolic ascent since 2018! How can one think that this ascent was sustainable , it's been on a godlike run for years 32000% since June 2018 and yet everyone has lost faith in the project. The link marines need to come to terms that Link had its blowoff top and has gone into a bear market and for the record link has been in a bear market before and that was 2018 , price retraced 88% and took about 500 days to return to all time high. Chain Link could very well be repeating its bear market pattern from 2018 before continuing on another multi year run. If so I do believe that the bottom is not in , I still think Bitcoin is yet to capitulate , check out the TA below. So if Bitcoin does capitulate to the 200 weekly moving average then the link still has to bottom . The golden box you see there is where I think the link will bottom sometime Late May -July 2022. If price does drop into this golden box then most likely it would wick down so best to set limit orders at 7.5-9.5 Dollars. Why would the link price start dropping May 2022 well we have a time frame because of this Time fib chain link sequence on LINK/BTC dominance chart. 23rd May 2022 put it down in your calendar what happens this date I don't know it could be a pivot down ,up ,bottom or nothing. Last few dates have gone up . Now two new discoveries today that I found first is that the Fib spiral seems to come around back in July 2022 which is interesting because that's when I think we will have a cycle bottom in July 2022 , we normally take 30-50days to cycle bottom from major pivot so pivot end of May 2022 lines up with july 2022. USDT dominance is the key to finding the bottom and that Fib sequence on that chart points to a July 2022 bottom. The next discovery is a new Chain link fib sequence which as you see has hit every single top so far perfectly , amazing find today ,next date 3rd October 2022 , thats the Fib time dates on the main chart above. So with everything I have found with Chainlink and these dates what I think could happen is the following : 1. 23rd May 2022 start pivot down to capitulate 2. Find a Bottom in the Golden Box around July 2022 3.3rd of October 2022 starts a parabolic run. 4.19th June 2023 return to all time highs. So breaking the descending wedge on price and weekly RSi before June 2022 will invalidate everything .
COINBASE:LINKUSD
by Sporia
8
Crypto Minor Analysis - Secret behind volume revealedToday, I’m going to share something that’s a bit of a secret among those in the know. I will shed some light on the first secret today, which is the volume. The first topic for today is the volume. What you see is a chart that’s a combination of 10 minor cryptos weighted based on the volume to create a single chart for us to analyze. This is part of my basket trading strategy, and it simplifies our ability to analyze the market as a whole. If you want to try it yourself, enter the following formula under formula search. COINBASE:LINKUSD*0.13305821039743082+COINBASE:GALAUSD*0.12394231389047493+COINBASE:ALGOUSD*0.10611537837627316+COINBASE:ICPUSD*0.10146860688530698+COINBASE:SPELLUSD*0.09992529126504314+BINANCE:DOTUSD*0.09822597440163378+COINBASE:MATICUSD*0.0918195299233388+COINBASE:LTCUSD*0.08937436372851348+COINBASE:MIRUSD*0.07848016918237494+COINBASE:CGLDUSD*0.07759016194960995 Please take a look at the areas of very high volume that I’ve highlighted. See something telling? Combine this with something like ZigZag indicators, and you will be immediately able to tell market reversals. You don’t need a complicated set of indicators; you only mainly need volume. VSA analysis is a great thing to learn. Like me, you might wonder why we see these high volume spikes, especially at market bottoms? General physics applies to all things in life, and the price isn’t any different. A body in motion tends to stay in motion unless an opposing force is applied. The more momentum towards a direction there is, the more force that’s required to change the direction. Volume is that energy. Sometimes we don’t need high volume to change the price. This happens when the momentum has decreased and we see that at market tops and also at bottoms and we can call this trend exhaustion. When there is exhaustion, what does that mean? That means that direction is taking a break, traders have taken profit and are no longer interested in staying at that level. However, this could mean the bullish trend is intact as no force was applied. Now to today’s analysis. If you take a look at my Crypto Majors bucket analysis (to be posted later today), you will see that the major’s experienced a market top the first week of April with very low volume. However, the Minors experienced a very high volume. This is because the minors exhibited higher momentum and due to pressure from the Major’s price exhaustion, traders took their profits and sold the Minors. On April 11th we saw somewhat of a high volume spike. This volume could be sufficient to reverse the market due to the overall bullishness. However, I would like to see a bigger volume spike to concretely tell me that the bottom is here. We should see this next week as there is a bit more room for the price to fall without breaking the bottom trend line. However, volume alone isn’t enough to tell us everything. Speed and velocity play a crucial role because that’s how we can measure the momentum. I will share that another day. Based on my complete system, prices for these minors have the potential to fall about 10% more unless we see the high volume that sets the reversals. What we see with the minors is that they follow the Majors with a delay. That delay is what causes the high volume registration because of its trend-following nature. Not trading advice, sharing for educational purposes.   
COINBASE:LINKUSD
by Saver0
19