LINKBULLUSD trade ideas
Chainlink's Desending Wedge Setup, will it shrug off macro woes?Will the major altcoins (ADA, LINK, UNI ) descending wedge setups, be the signal for a breakout to the upside?
Or will continuing macro woes make the TA analysis null and void.
Potential bounce might be coming over the next two weeks in equity markets. Spurred by the strong support at the 200 daily moving average.
Time to wait and see.
Inverted cup handle shapeThe neckline has been broken for an hour
There is a risk of a short-term pullback
But this wave of high probability will not make a new low
A callback to the lower range can buy low
Follow me to take you to achieve financial freedom
How low can LINK go (H&S target)I just wanted to share this head and shoulders pattern formed on the link/usd pair. I'm looking into buying LINK at this target level as a long term investment. Ofcourse , I'll also be looking at btc before buying, but chainlink at a price of $4 can't be all to bad right? Even if we would go lower? Feel free to drop your target bottoms of chainlink, so that I might get other perspectives of to why this wouldn't be a great buy.
LINK: postponed recoveryTwo weeks ago LINK reached its lowest level at $5.5 and started a short price reversal to the upside. However, moves to the upside were extremely shy, so LINK managed to reach its highest weekly level at $7.3. Long term resistance line at $8 has not been tested on this occasion. At this moment, it is more than evident that the market is lacking strength for clear recovery, due to the strong impact of macro-fundamentals. At this stage, stronger recovery is sort of postponed.
Relative Strength Index made its way from level of 45 up to 50, not providing an indication that market is ready for a road toward overbought territory. From the beginning of this year, moving averages of 50 and 200 days are moving like parallel lines with downtrend, without indication that cross might occur in the short future period.
Charts are showing that LINK has a potential for a recovery, but the market is lacking the strength for such a move. In this sense, a sort of stronger recovery could not be expected in the coming days. There is high probability for LINK to test a long term resistance line at $8, but at the same time it could revert shortly to the downside to test support line at $6.
ChainlinkLINK/USDT we are looking now for Long Signal On Chainlinke until our 1h Resistance Zone and our 1h Supply Zone
LINKUSD Dominant UptrendLINK has fallen quite a lot, just as other cryptos
The question is where will this falling stop.
I see a major trend line in Green which aligns well with another weaker uptrend in blue, and a downtrend in red
At this area price is around $5 per LINK
This is also at the 0.618 Fib level
LINK KEY LEVELSThere are numerous key levels on link and have currently taken resistance
Fundamentally the overall outlook on Link is positive with big brands such as dolce gabanna making use of Link technology
At the time of writing Link is $6.9 USD
Link is also down 89.40% (or 47.53 pips) from the high.
If we can hold at this key support level and form a base the opportunity of a lifetime could be in place - a potential 10X to the previous highs.
What is important to note is that both link and the Beta of crypto along with the world are trending lower, the biggest question before making this decision is whether you believe there will be mass adoption of crypto as a currency on the blockchain.
If you do think this will be the case, you should definitely look to start accumulating or preparing for a long position - particularly if we can see the decoupling from the world markets in the crypto space
8 Days left for the Chainlink Sequence! Its been a interesting May but not shocking in anyway , I have been covering this downtrend all year and talked about the crash in May 2022 months before.
Published January 2022
Published March 2022
How did I pinpoint May 2022 for this move? keep reading.
First lets go over the chart and possible move from here , so been playing around with this Gann Fan from the inception of Chainlink and its showing some nice confluence in some areas.
Last time Chainlink touched the 2/1 Gann Fann it was 2019 where it hovered over it for about 120 days before shooting off , One possible senario here is that we just go sideways over this Gann until the next Fib time date 3.618 3rd October 2022.
Even though Chainlink broke down from its decending wedge in price , the pattern is still playing out on the weekly RSI , check it out .
Last TA showing chainlink breaking down from decending wedge .
So now the most important part of the puzzle, why May 2022?
Back in 2019 there was a LINK/BTC dominance channel I use to trade and by testing out hundreds of Fib time seqeunces I found one that hits home runs the last 4 times.
Everytime we come to a date LINK has had a massive move to the upside will it happen again this time who knows? The date is 23rd May 2022 and April 24th 2024 is the one after when the next Bitcoin halving is which is very interesting.
In 6 hours the weekly candle closes and if the weekly candle of this dominance chart closes at this level it can techically confirm a decending wedge with two lower touch points.
Since the I believe we topped April 2022
and it normally takes bitcoin 406 days to capulate from a cycle top I came to the conclusion that the next Chainlink sequence in May 2022 was likely going to be some sort of bottom.
Chainlink has retraced 89% thats 1% more than the retrace in 2017 take a look.
There is only 8 days left until the next Fib date poeple and Chainlink just retraced 89%!
LNKUSD - Short term bullish idea - W02 Successive higher highs & higher lows indicate short-term bullish entry. Entry & stop loss points are marked.
Will Link breaks important resistance?$Link is testing one more time $7.50 as resistance; it’s a good level to look for shorts
If breaks, the next crucial resistance is at $9.80.
Wait for the day’s close before taking any position.
#btcstarburst Link TIme?Update… is it Chainlink time for a minute in a bear be careful.. It does look like a doubleDCA safely… a Gann Study
LINK bottomed twicelink has seen two bottoming trends
It will break out after breaking the neckline
I expect a high probability of a breakout
Follow me to take you to achieve financial freedom
Link double bottomLink has formed a double bottom with a possible breakout of the descending channel. First targets are $7 and $8. Break out of the descending channel has a measured move at $18. The 1.618 of the double bottom is at $12.15 .
The CCI is currently in an uptrend.
Chainlink , Where do we go from here????Holding resistance as support @ $12 range. If this fails, It is possible to hit $7-$8 for support. Currently sitting at the bottom of the right shoulder. Could we have a nice W pattern setup? Can we recover to $30? Watch the current positioning, if this drops below $12.50 we can grab our scuba gear!!!
LINK: mixed selling and buying ordersDuring the previous week LINK lost some 20% in value from the week before. If we take into account general market circumstances and strong downtrend on the crypto market, this was not such a bad performance. This comes especially as LINK was traded in a sort of mixed mode, with equal share of both selling and buying orders. Of course, there is some probability that so-called “whales” are trying to sustain price at some levels, still, there is no available public data over their impact on the price of LINK.
RSI started the week modestly below level of 50 and moved down to 38. It seems that the market is still unsure whether to head the price toward the overbought or oversold market. Moving averages of 50 and 200 days continue to move as two parallel lines with clear downtrend, not indicating that potential cross is in store anytime soon.
LINK is ending the week testing support line at $6. There are no clear indications that this level might be breached to the downside, but still, it should be confirmed within the next two days. In case that market is still not finished with correction, there is some probability for the price to be pushed further down to the level of $5 support line. However, if the current bottom line is reached, there is a probability that the price might turn again to the level of $7.
Disclaimer: This article provides exclusive views of the author. It does not in any sense represent a suggestion for trading.
Chainlink Bear FlagOut of all the bear patterns we are seeing in the markets right now I think Chainlink has by far the best pattern to trade very clear bear flag .
Target breakdown would be 3.6 dollars
LINK/USDT Elliott Wave CountHow can Chainlink go bullish?
We can have a trucnated 5th wave and now an impulse move to the upside 12 12.
I wont trade this untill more confirmations from the price action!!!
LINK Army Hodl The Door!LINK looking prime for a drop to sub $1, when this correction is over! After a little dead cat bounce and continuation to the down side. None of my 4 indicators showing any bullish confirmation on the Weekly Time Frame.
- Weekly MACD ( Bearish )
- Weekly Pekipek's Divergence BETA ( Bearish )
- Weekly RSI ( Bearish )
- Weekly Stochastic RSI ( Bearish )
Hidden Bullish Signal on chainlink??: Is this what a hidden Bullish Signal looks like?? Looks like a bull to me 😅
Buy and Sell possibilities for Chainlink Simple chart to guide buy and sell opportunities. This is just a projection. Do your own research.
