LINKBULLUSD trade ideas
LINKUSD Short ScenarioMarket is in overall downtrend, but in 1h timeframe we can see an upwards correction, market already formed a main lower high, which means we should see a break of a correction structure, retrace back to it and down a downfall of a price at least to a recent main lower low.
Entry: 7.29 (After break and retest)
Invalidation: 7.98 (Above main lower high)
Target: 5.56 (Main lower low level)
LINKUSD ❕ between rangesChainlink trades between two ranges.
Price is between 100 and 200MA on the 30m Timeframe.
LINK continues to hold the uptrend line.
I expect that the price will test the trend line and after fixing above it will continue to rise to the lower boundary of the upper range.
LINK: start of a short reversal?Prevailing selling orders from two weeks ago, just continued their trend in an environment of negative market sentiment. LINK started the previous week around $10 short term support line, and continued the bearish trend down to the level of $5.3. Since a clear oversold market has been reached, the coin started its short term reversal, finishing week at $7.2.
RSI was moving the whole week in an oversold territory, where it also finished the week. This increases the probability that the coin will start a stronger reversal in the coming days. At the same time, the moving average of 50 days is slightly moving away from its 200-days counterpart, indicating that the golden cross is still on hold.
Long term support line for LINK stands at $8. This line has been broken during the previous week, however, the coin is heading toward this level. Whether there will be strength for a move above this line will depend on buying orders on the market. In this case, LINK might try to reach the previous level of $10. On the opposite side, the level of $6 might be tested for one more time.
COINBASE:LINKUSD
Chainlink long term perspective The blue line is Bitcoin from 2015-2019, you'll notice it's not exactly the same but very similar. A lot of people are in complete fear right now and I think this chart gives some perspective as to the current opportunity. If price action for LINK is anything like BTC, we should see an accumulation range for the next couple months before the start of a new bull trend. Granted it is slightly different with the Fed undergoing monetary tightening, but I still see chainlink as an extremely undervalued, highly utilized and intrinsic part of blockchain technology going forward. Don't fomo or run away from fear, this is most likely a time to be accumulating over the next several months.
Chainlink to $3This is a continuation on the idea published below. So many folks on Tradingview are bullish on Chainlink whilst ignoring the 24000% return in the last 800 days. This is greed on steroids.
On the 2-day chart above the head and shoulders confirms a break of the neckline following the bearish divergence identified on the idea below.
A short from $24-25 is amazing if you can get it. Price action is oversold in the short term.
Good luck!
WW
5-day
LINK, Sometime simplest analysis works the best !Making complicated analysis does not make anyone a genius ! Sometime simplest analysis works the best !
This type of publications is not my ideal and usual one but everybody knows that following the trend is the base stone of every trade !
If we can not detect the direction of the market correctly we have no way but embracing painful losses !.
LINK, when we look at weekly time frame, has clearly broken up trend support line, made a pull back and resumed it's down side move.
I am not going to reveal my down side target for Link in this publication since this idea is not about relation of waves and target analysis. It is just to remind that " Trend is our best friend " in the market.
Good luck everyone.
$link weekly demand $4Pros:
1. 2 yrs since traded around $4
2. price took off in a big way since the $4 range
3. price is falling fast into weekly demand
low risk / high reward buy limit order at $4.60
LINK : When is safe to buyEverything is on the chart,
dont focus on cheapest price, but focus on safest price..
u don't know where's the bottom :P
Trade safe n fun
Stink Marines Crying - Too Bad I'm Buying...Can always be more downside here but I'm starting to accumulate at these levels.
Chainstink Don't Smell Good...Looks like chainstink is about to fart again all the way down to $9~ areas or maybe lower...Believe in nothing trade everything basically in the crypto worlds
LINK BUY ZONE $4.90 - $3.50i posted a similar head and shoulders top chart for link back on 1/11/22... getting closer to it playing out
measured move down from the head and shoulders top is the green area (buy zone). i think we eventually get there...
not trading advice
tg
LINK at Crucial Support. What to do!LINK broke $10 important support in relatively high volume.
Entire crypto market is in panic, a beautiful indication that we are approaching the bottom.
• To begin the uptrend LINK needs to regain, in a short period of time, $10 level.
• I don’t suggest to short LINK now, cause it’s already near to a bottom. It’s wise to wait for a break and test $7.50 as resistance before taking a short.
• You can add some LINK in your HODL portfolio at $7.50 only if you are intent on holding them, even if it goes below $4.90.
Stay out of leveraged trading, market is too risky and volatile.
Thanks for reading this!
Remember investing is a probability game.
Not a financial advice. Always do your own research.
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LINKUSDLong-term structure governs the way, and this wedge will take time to complete.
Targeting possible relief bounce, heading into August (probably on CCIP/staking news).
Base case would be that it get sold-off, while maintaining larger structure, and then off to the races for better returns next year.
ChainLink - Top of Gaussian ChannelA huge 400% decline has been seen and finally, a touch on the top of the Gaussian Channel has been seen
This point is a good candidate for a reversal point, as it also correlates with the 50MA on this Monthly timeframe
Very cheap right now
ChainLink ( LINK/USDT ) Bearish Below $10 so It can test $5Breaking #Chainlink Breaks Dec 2020 Low:-
#LINK Currently trading below $10
Below $10 $LINK is super Bearish & $5 Level Keep an eye for Accumulation
If bounce then we can see $18
#LINKUSDT Breaks 497 Days Low.
Hope this chart Is useful for you
Guys Trade Safe in LINK right /now.
Overall market condition is not good.
Best Buy Opportunity around $5
Below $15 = death. Short upon 1W close below for $$$Self-explanatory. Would not take position prior to confirmation (close below) on 1W. Nonetheless, looks very unlikely this will hold. Act with caution. NFA.
P.S.: $4.50 is not a particular target, just the extent of a measured move. Not guaranteeing it goes there, not even implying it goes there. It's a possibility, don't sue me.
PPPP
ChainlinkLINK/USDT looking Bearish in WEEKLY & 4h CHART until Strong Support Zone arround 6.70-7.20 good luck!
LINK Spot Zones“I am always prepared to do the right thing regardless of what other people think.”
-- Bill Ackman
Chainlink broke longterm wedgeChainlink moved out of longterm wedge and also an smaller triangle, formed Lower High and is moving under a descending trendline.
As wedge breakout shows, it has the potential to fall down near the bottom of the wedge pattern.
Chainlink Price Analysis — May 4As mentioned earlier, Chainlink has fallen to its lowest point in over 17 months, as the DeFi giant slumped below the $11.00 mark. After a sideways open to the week, LINK now appears to be gaining some upward traction, as it tapped the $11.50 top for the first time in four days.
That said, the broader market sentiment has received a mild boost over the hours as traders hold ahead of the much-anticipated US Fed interest rate decision, dropping later today.
LINK will remain in a bearish bias until we record a break into the pivot zone at $15, which also houses the daily 100 EMA.
Meanwhile, my resistance levels are at $12.00, $15.00, and $17.50, and my support levels are at $11.00, $10,00, and $8.00.
Total Market Capitalization: $1.76 trillion
Chainlink Market Capitalization: $5.3 billion
Chainlink Dominance: 0.30%
Market Rank: #25
