Long trade 12th May 24 Sunday London Session 04.00am Entry 13.370 Profit level 14.594 (9.15%) Stop level 13.145 (1.68%) RSI as base of Zone 1Hr TF Longby davidjulien369Updated 3
Short trade 13th May 24 15.00pm New York Session Entry 13.434 Profit level 13.076 (2.66%) Stop level 13.555 (0.90%) Shortby davidjulien369Updated 1
LINK - Will History Repeat??This Shambles of a chart .... lol Anyway, i'm curious to see what people think Chainlink can do this run? For the moment it seems to be following a similar overall pattern and has some of the biggest support behind the scenes towards tokenisation. Can we we see a parabolic rise or are we looking more on the conservative side?by AstirArcanePublished 5
LNK/USDTGood Zone for buy. we are in a second wave of big Elliott wave pattern and we have a anti-shark harmonic pattern. Longby hamedziayePublished 6
$LINK Bull Trap Incoming Death CrossI'm super bullish on BIST:LINK long-term but this is honestly one of the worst charts of the majors rn crazy to see analysts calling this bullish today we'll see a Bull Trap from those 3 White Soldiers Price action below the 20, 50 and 200 Moving Averages If we get that Death Cross on the 200MA D then its straight to $10.6Shortby jonniekingPublished 0
Link selling complete ? Like everyone else, I’m just guessing, Good luck with your bags Could be copeLongby DegenhodlerPublished 116
A Clear Path to $100 $LINKThe path is clear, $100 is inevitable Enjoy the rideLongby AllAboutTheFuturePublished 2214
Chainlink / U.s. Dollar X Right prices for final week of April, Chainlink / U.s. Dollar X Right prices for final week of April, 2024. Note: Using Kraken Chart based on USD not USDT! Since Chainlink failed a support confirmation over March period as well as support confirmation was not fully confirmed over the 1st week of April, therefore, we will only calculate the X Right Price between the 8th of April & 7th April! and breakdown the lower data of week 3 and engineer them together for the next support price! Lets find a new support over March period first! $17.06914 $16.08441 $16.54237 $17.69319 $17.77627 Mid Retest require. Then: New support over 9th April = $18.14988 $18.21209 $18.41463 $18.45773 $18.63953 $18.7980 Distribution price for Week 4 = $18.71722, Follow by $18.99085. At this price it will create a bearish move as will fail to support the whole 1st week of April. Expecting a decline! However, once a mid retest is done it will arrive at $19.45093, support confirmed over March period. Market will take a short break from here! Shortby Skill-Knowledge-ConductPublished 221
Chainlink (Linkusdt)Link displayed classic price action. it was accumulated for 15-18 months straight once the phase has completed price entered into public participation phase and right after as we expected currently, it is consolidating phase once it over we will again see the public participation phase which will take to the current supply and all time high price. Thank you for reading. Longby RazaKhan07Published 6
Chainlink (LINK): Oversold and Undervalued. Surge to $37+Finally, after a long wait, we got filled on Chainlink, and we entered at $12.93. This is our entry point. The entry is holding up quite well and solid so far. We still see strength in Chainlink and we do not believe that our large stop-loss will be triggered. Also, for the first time since May 2022, the RSI has fallen into the oversold area, which is another sign of how strongly Chainlink has been sold off. We are holding on to this and still expect an increase to at least $37.45, probably even to $47.45.Longby freeguy_by_wmcPublished 19
LINKUSD: Potential Long Entry on the Horizon with Bollinger BandIntroduction Chainlink (LINKUSD) is a cryptocurrency that powers a decentralized oracle network for smart contracts. It provides a secure and reliable way for blockchain applications to access off-chain data, enabling a wider range of functionalities. This article analyzes LINKUSD through the lens of Bollinger Bands and a potentially reversing trend, suggesting a possible long entry opportunity in the near future. Understanding Bollinger Bands Bollinger Bands are a technical analysis indicator that utilizes volatility to depict potential price movements. They consist of three lines: • Simple Moving Average (SMA): This line represents the average price over a chosen period. • Upper Bollinger Band (UBB): Two standard deviations above the SMA, indicating potential resistance areas. • Lower Bollinger Band (LBB): Two standard deviations below the SMA, indicating potential support areas. The Bollinger Bands expand and contract based on volatility. High volatility widens the bands, suggesting a more volatile market, while low volatility narrows them, indicating a calmer market. LINKUSD and Bollinger Bands Analyzing the LINKUSD chart with Bollinger Bands reveals valuable insights: • Recent Price Movement: LINKUSD has been trading within a relatively tight Bollinger Band range for the past few weeks. This suggests a period of low volatility, with price movements largely contained within the bands. • Squeeze: The recent Bollinger Band contraction indicates a potential squeeze. Squeezes often precede significant price movements, either upwards or downwards. Reversing Trend Signals Technical indicators alongside Bollinger Bands can strengthen the long entry case for LINKUSD. Here are a couple of reversal signals to consider: • Relative Strength Index (RSI): The RSI is a momentum oscillator that measures the magnitude of recent price changes. An RSI value below 30 suggests the asset may be oversold, potentially indicating a trend reversal. • Moving Average Crossover: A bullish crossover occurs when a shorter-term moving average crosses above a longer-term moving average. This can signal a shift in momentum from bearish to bullish. Combining Bollinger Band Squeeze and Reversal Signals By combining the Bollinger Band squeeze with potential reversal signals from indicators like RSI and moving average crossovers, traders can identify potential long entry opportunities. • Breakout from Upper Bollinger Band: A breakout above the Upper Bollinger Band, following a squeeze, can signal a bullish trend reversal. This suggests the price may overcome resistance and continue upwards. • Increased Volume: If the breakout is accompanied by a surge in trading volume, it strengthens the bullish case, indicating increased buying pressure. Why Consider a Long Entry Now? Here are a few reasons why a long entry in LINKUSD might be worth considering based on the current technical analysis: • Bollinger Band Squeeze: The recent squeeze suggests a potential breakout, which could signal a trend reversal. • Oversold RSI: If the RSI dips below 30, it might indicate oversold conditions, making LINKUSD an attractive buying opportunity. • Positive Developments in the Chainlink Ecosystem: Positive developments within the Chainlink ecosystem, such as new partnerships or integrations, could boost investor confidence and lead to a price increase. Important Considerations Before Entering a Long Position While the technical analysis suggests a potential long entry, it's crucial to consider other factors before making any investment decisions: • Market Volatility: The cryptocurrency market is inherently volatile. Price swings can be significant, and unexpected events can disrupt even the most well-thought-out trading strategies. • Fundamental Analysis: Don't solely rely on technical analysis. Conduct fundamental analysis to understand Chainlink's project roadmap, team, and overall market position. • Risk Management: Always implement proper risk management strategies, such as stop-loss orders, to limit potential losses. Conclusion The combination of Bollinger Band squeeze, potential RSI oversold conditions, and a possible trend reversal suggests a long entry in LINKUSD might be on the horizon. However, remember that technical analysis is not a foolproof method, and fundamental analysis and risk management are crucial for informed investment decisions. Disclaimer: This article is for informational purposes only and should not be considered financial advice. Please consult with a qualified financial advisor before making any investment decisions. Longby bryandowningqlnPublished 3
Chainlink What Now?Is this move a surprise not really if you been following my Chainlink ideas. Published in February warning traders that giant rising wedge had formed and the target of that wedge is back to the top of the massive range at 8-10 dollars. March 18th we got a bearish cross the MACD , this was another signal of things to come. On the LINK/BTC we can see that we hit the exact bottom of June 2023 lows when Chainlink hit 5 dollars and completed its wave 5. We also have this very important date coming up with LINK , which is April 22nd 2024 or more like the week instead a specific day. This Fib time sequence has predicted Chainlink event for years with 100% succuss rate , check it out below We once again get to see if proves to show us something of value. On the Main chart above you can see this time fib sequence once again showing pivot points on the weekly , showed us all time high , June 2023 low , I mean simply amazing sequence here apart from 3.618 in grey you can see failed to produce anything special. Even though the target for the rising wedge is 9-10 dollars I would link to see LINK hold the 1/1 Gann Fann right now its sitting right on it so we don't want to see a close under that would be pretty bad to close under the 1/1 again.by SporiaPublished 447
Chainlink : Rocket Launch or Freefall?Looking at Chainlink on the daily chart, we've noted the development of a 5-wave structure from a low at $5, culminating in a Wave 1. This wave is projected to range between $20.3 and $25, currently aligning well with the $20.3 mark. Following this, we anticipate a retracement towards Wave 2, which is expected to fall between 50 and 78.6% retracement, landing somewhere between $12.87 and $8.4. Zooming into the 4-hour chart provides a clearer view, suggesting that Waves 3 and 4, particularly Wave 3, have likely concluded. We're now observing Wave 5, which appears poised for a slight upward trajectory, an action that might seem minor on the broader chart. However, on this more detailed chart, we predict an ascent up to a maximum of $22.46, though, as indicated by our analysis on the daily chart, a push up to approximately $25 is also within the realm of possibility.Longby stromm_by_wmcUpdated 6630
Chainlink Finally Retreats: A Technical AnalysisIntroduction: After prolonged sideways movement throughout the bear market, Chainlink ( COINBASE:LINKUSD ) experienced a notable surge, rallying from $4.8 to a peak of $22.9. This rally included extended periods of lateral trading, eventually reaching a critical resistance at the 4.618 Fibonacci extension level. Such a vigorous move typically warrants a period of consolidation or retracement, which appears to be occurring now, as evidenced by a sharp drop with a $4 candle observed today. Current Market Overview: The recent performance of Bitcoin ( INDEX:BTCUSD ) suggests a strategy of liquidating long positions followed by short positions, potentially targeting a brief spike to $72,000 before resuming a downward trend to $58000. This macro environment is crucial for understanding potential influences on altcoins like Chainlink. Chainlink’s Price Action Analysis: Chainlink’s recent rally hit a peak at the 4.618 Fibonacci extension, a common reversal point for assets after a strong bull run. This level has historically acted as a strong resistance zone, prompting profit-taking and a subsequent decrease in price pressure. The current retracement is not unexpected; after the exhaustion of a steep ascent, a correction phase often follows. The recent sharp drop in price could indicate an accelerated correction phase, possibly influenced by broader market conditions tied to Bitcoin's movements. Chainlink's price trajectory suggests it may be moving to complete wave B of its corrective pattern above $20, before potentially settling into a more substantial correction phase. Forecast and Strategy: Given the Fibonacci retracement levels and the current market dynamics, Chainlink could find its next support within the 'Golden Pocket,' the zone between the 0.618 and 0.65 Fibonacci retracement levels. This would place Chainlink's price in the $11-$12 range, representing an ideal target for the end of its correction phase. Traders should monitor Bitcoin's movements closely, as any significant fluctuations could have cascading effects on altcoins, including Chainlink. Establishing positions near the support levels, particularly around the $11-$12 range, could offer substantial opportunities for accumulation, with set stop-loss orders to manage risk effectively. Conclusion: Chainlink's market behavior demonstrates a classic cycle of rally and correction influenced by its Fibonacci levels. The projected continuation of this pattern suggests a buying opportunity may arise as the asset reaches its next major support zone. Traders and investors should stay attuned to both Chainlink's price movements and the broader market trends, as these will be crucial in determining the optimal points for entry and exit. Key Takeaways: - Chainlink reached a major resistance at the 4.618 Fibonacci level, prompting a correction. - The $11-$12 price target in the Golden Pocket offers a potential accumulation point. - Bitcoin’s market movements remain a significant influence and must be monitored for correlated impacts on Chainlink. - Establishing buy positions near support levels with appropriate risk management strategies is advisable. Shortby ChartScopeUpdated 4
Chainlink Giant Rising Wedge formed.Rising wedge target is back to top of chainlink accumulation range at 9.3. Clear rising wedge pattern with two touch points top and bottom. We are coming up to the Chainlink fib sequence I have been using for years it has a 100% win rate at predicting Chainlink events , major moves , bottoms or tops. Last Fib time hit was the Big move down in May 2022 marked a major bottom for LINK. Next one is April 22nd 2024 and anything can happen for LINK around this time , its interesting also that it lines up with the Bitcoin halving. LINK/BTC Link has failed to break this level time and time again and until this level is broken I don't think we will see a major move for LINK. It is possible that coming in 22nd of April we get a big move down for on LINK/BTC to test the 1/1 Gann fan again, yellow circle you see on the chart. If thats the case then expect a major move down the fact that we are forming such a massive rising wedge with only 60 days from the next count is telling. I also get a two different Fib time dates on 22nd April the one use see above is completely different start and end points yet the 618 falls on the same date. Maybe LINK breaks the resistance on this date and moons or maybe it crashes and bottoms , who knows! all i know is that the next date after Aprill 2024 is May 2027 so best be ready for anything .by SporiaUpdated 8823
CHAINLINK: Potential for 20.20 Target, Drop to 15.00 possibleHi there, CHAINLINK has the potential to reach the second supply area around the 20.20 level and drop for a retest around the 18.77 before commencing up to the 21.00 major supply area. And a potential drop from 21.00 could follow to 15.00. If the current candle structure drops from the support level, breaches the demand zone, and breaks 15.69, that will invalidate the setup. Happy Trading, K.by KhiweUpdated 114
LINK USDTLINK USDT looks sideways thus taking trade on either side of the breakout. in this setup one cancels the other i-e if price breaks upwards than long order is triggered and short order is cancelled and vice versa.by TRADETITANWAQASPublished 0
ChainLink still at Descending. Not going to write a formula for this one easy to read and clear where is heading next. ChainLink still at Descending. Prices based on USD: Accumulation price however is already confirmed as follow: $21.15197 New support but advance not confirmed at this price. Next: $2126635 $21.41112 $21.55183 $21.75820 $22.08473 Distribution price = $22.91199 follow by $23.18703. Market will take a break from here. Shortby Skill-Knowledge-ConductPublished 1
Secure Data Oracles: Chainlink's Decentralized NetworkLINK is in a bullish trend with an RSI around 64. It has support at 16.79 and resistance around 21.76, indicating the need to break out of resistance to maintain its bullish momentum. Currently, it's undervalued, with the potential for a breakout if it surpasses resistance.Longby ImmaculateTonyPublished 114
Chainlink: Start-up Difficulties 🚗💨LINK experienced a significant setback recently. However, we interpret the recent development as part of the substructure of the blue wave (iii). As a result, the coin should recover in the near future. Then, it should gain to levels above $22.87. Longby MarketIntelPublished 4
$LINK Monthly Roadmap playing out nicelyThis is one of the best looking monthly charts of any asset out there. Looking strong for a sustained move higher.Longby channelchartistPublished 9
LINK.usd eyes on $20: End of 5-waves? or one more leg to 23?LINK may have finished a 5-wave impulse wave around $20 The round number did try to reject, but we are back to it. So It does seem ready to extend wave 5 another leg to $23 =================================================== . by EuroMotifUpdated 1111