Full link mapIt is possible that we are in a downward wave 4, and it has been moving horizontally for a long time, and all of this is a drain for the next drop in the shaded area.
Note.. The scenario fails if it closes higher than the area 9.7 usdt
LINKUSD.P trade ideas
Link downThere is nothing new in my previous analysis and my point of view is from Dec 22, 2022 and the same negative view remains for me that this currency is heading to the shaded area below..
Please clarify that I am helping you with my point of view, which may be right or wrong, and see my previous analyzes of many currencies and forex in order to judge the owner of this analysis with a more accurate look
Good luck
LINKEUR LongLink made a nice gain of a HTF swing high. It filled a open imbalance that was at a HTF level. On the lower timeframe the trend also shifted from down to up
Chainlink major news?We will be seeing a major key speaker in Hong Kong soon.
RSI & MACD have gotten towards a stable point for another rally in my opinion, this is not financial advice. IT COULD GO TO ZERO
I think we could see a major hype cycle start that could get heavy!!
If a major world power decides to take on the LINK when they have been bearish for years this could be a life changer.
Weekly MACD has me thinking great thoughts.
I will take out initial investment near $20 - $40.
Hold the rest for a long time
Chainlink Bull Run May Lose Momentum
The current state of Chainlink's bull run seems to be showing signs of losing momentum. As an informed trader, it is essential to remain cautious and consider the potential risks associated with any investment decision.
Over the past few months, Chainlink has witnessed an incredible surge, capturing the attention of many traders and investors. The project's innovative approach and promising technology have undoubtedly contributed to its success. However, it is crucial to recognize that every bull run eventually encounters a point of exhaustion, and Chainlink may be nearing that stage.
Several indicators suggest that the momentum behind Chainlink's upward trajectory is beginning to wane. The recent price fluctuations, coupled with a lack of significant positive news, have raised concerns among market analysts. While no one can predict the future with certainty, it is prudent to approach Chainlink trading with caution at this juncture.
In light of these observations, I would like to encourage you to pause and reevaluate your trading strategy regarding Chainlink. Taking a step back to assess your positions and reassess the market sentiment can help ensure that you make informed decisions that align with your risk appetite.
Moreover, it is crucial to diversify your portfolio and not solely rely on a single asset, especially during times of uncertainty. Allocating your investments across different cryptocurrencies or asset classes can help mitigate potential risks and provide a more balanced approach to trading.
Remember, successful trading requires a comprehensive understanding of the market dynamics and a disciplined approach. While Chainlink's bull run has been impressive, it is essential to remain cautious and avoid being swayed solely by the excitement surrounding its recent performance.
As always, I encourage you to conduct thorough research, stay updated with the latest news and developments, and consult with trusted financial advisors before making any investment decisions.
Should you have any questions or require further insights, please do not hesitate to comment below. I am here to assist you in navigating the ever-evolving cryptocurrency market.
Shorting the Possible Butterfly Correction As explained previous, I think crypto is in a net bear market and we've been in a correction of that - one which has picked up pace recently.
If we're in a downtrend, we should be looking for parabolic bull trap patterns (And extremely confident bulls).
These are often expressed as harmonic patterns. Because harmonics are corrective patterns and because the D leg of a harmonic is always the strongest move.
This dupes people into being most bearish right before the turn.
Harmonics usually form and complete in spectacular fashion. Big blitz moves. Very often driven by news. If we're in these corrective patterns, that'd be expected fairly soon now.
LINK Huge Breakout The longer the accumulation the stronger the breakout (almost 1 year and half accumulation)
All eyes on key level resistance in my chart ✅
Will LINK rise higher to the $15 mark?Market Context: Chainlink (LINK) is experiencing an upward trend amid a broader crypto market rally, with Bitcoin stabilizing at $34K.
Current Status: LINK is trading close to the $12 mark, a significant resistance level.
Resistance Level: The $12 mark is a crucial supply barrier for LINK.
Technical Indicators - MACD: The MACD indicator shows a bullish crossover, and rising histograms indicate increased buying pressure.
Technical Indicators - EMA: Both the 50-day and 200-day EMAs are rising, suggesting a high possibility of an uptrend continuation.
Recent Performance: LINK has experienced a 58% increase in the last ten days, rising from $7.2 to $11.54.
Potential Targets: If LINK crosses the $12 mark, it could aim for $15.
Downside Risk: A reversal from $12 could lead to a retest of the $10 level.
Market Sentiment: Overall sentiment is bullish, especially if LINK can break the $12 resistance.
Long-Term Trend: LINK has reversed a long-term downtrend and is now showcasing a breakout rally.
Market Catalysts: The hype around Bitcoin Spot ETF approval has been a significant driver for LINK's recent rally.
Long-Term Outlook: Chainlink price predictions are optimistic, given the improving market conditions and technical indicators.
ResetBing told me this about the gaps. Could assume that, with Bitcoin, Ethereum, and the thing that links them together. BTC and ETH never leave gaps either. It makes sense that there will be a drop across all exchanges to fill the gaps on that exchange, like what link did on Polyoniex in my last post. The control here would suggest some higher volatility during the end of the year.
Downward movement to support zone after failed breakoutSynopsis: Volumes, MFI and Bulls falling. Clear triangle pattern. Price is close to resistance 8.0 but cannot break out. There should be movement to 6.697 before another retest.
Entry: 7.5-7.9, Stop loss: 8.5, Target: 6.927, 5.734, Duration: 30 days, Funding positive (Binance, 7th October)
LINK: Can wave 3 reach over $1,000.00?In the long term, if wave 3 were to repeat only the amplitude of wave 1, it would be sufficient for Chainlink to surpass $1,000.00 dollars. However, in theory, wave 3 is the impulsive wave with the greater amplitude. In other words, the performance would have to be even greater than the previous impulsive wave.
Do you believe that the most important decentralized oracle in the cryptocurrency ecosystem can achieve this performance?
Link Near its Supply zoneHi All
As per my Elliott counts - Link is in the 4th wave correction of its 3rd wave towards upside.
I notice its near the supply zone and we might see a drop to 0.5 to .618 of the 3rd wave retracements.
waiting for price to that level to put some cents in for a big move.
Patience is key. let me know what you guys think
Trade safe
Pama
Will LINK Surpass $12?Sustained Rally: LINK price continues to sustain the rally, approaching the $12 mark.
Impressive Jump: The LINK price has surged almost 60% in the last six days.
Bitcoin's Influence: As Bitcoin reaches the $35K mark, the overall crypto market, including LINK, is on the rise.
Breakout Momentum: A breakout above $12 could refresh the momentum and potentially lead to a jump to $15.
Current Price: LINK is currently trading at $11.528 with an intraday growth of 11.19%.
Technical Indicators - EMA: Both the 50-day and 200-day EMAs are rising, signaling a bullish trend.
Technical Indicators - RSI: The RSI remains in the overbought zone, indicating strong bullish pressure.
Market Sentiment: Overall market sentiment is bullish, supporting the LINK price prediction for a prolonged recovery.
Weekly Chart: The breakout rally sustains above the 200-day EMA in the weekly chart.
Golden Crossover: A golden crossover is increasingly likely in the weekly chart, signaling a long-term bullish trend.
Next Milestone: The next target for LINK is the $15 mark.
Retest Possibility: A retest of the trendline breakout is possible but seems less likely given the strong bullish momentum.
LINKUSD reminding us of its glorious days.Chainlink (LINKUSD) smashed through our 8.000 target (and the Lower Highs) that we set on the September analysis (see chart below):
The price made a 17-month High, broke above the 1W MA100 (green trend-line) for the first time since the week of February 07 2022 and has essentially welcomed the new Bull Cycle as it's now above even the Bear Cycle's Lower Highs. The last Resistance standing is the 1W MA200 (orange trend-line), currently at 13.1636.
We have shifted our focus on the more long-term 1W time-frame as it allows us to compare LINK with the previous Cycle, at the time when the 1W RSI first turned overbought above 70.00 (as it has now). That was on the week of May 13 2019, on a strong 3-week rally (as currently), with the 1W MA50 (blue trend-line) turned into Support.
The rally didn't stop there but instead extended up to the 2.618 Fibonacci extension. There is no reason to expect a stop before at least $18.00, which is the March 2022 High. The 2.168 Fibonacci is a little over $20.00.
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Maybe, MaybeOur last target was met. As previously stated in previous post. Now onward . Fingers crossed.
W-Pattern Breakout to 12.50$ ?This is a simple pattern, a W-Pattern. Feel free to post your opinion below! I would love to see other charts or opinions. Hit the like button if you like my chart analysis. Would enjoy some more rep+ trying to be able to chat with people. Thanks for giving me the time of your day!
LINKUSDT - Bearish LINKUSDT is trading in symmetrical triangle pattern and recently, it seems that the Buyers may be getting exhausted as the pair has started to find support within the pattern. Additionally, the current price action is forming a Bearish divergence, which suggests that Sellers may be preparing for a significant downward move.
Will the Bears regain control and push the price Lower?
The Chainlink IndicatorEvery time LINK reaches $8 the broader crypto market sells off with bitcoin going at least -15%
I'm betting on at least one, maybe two more of these occurrences before market structure changes.
Link long. Entry for 5thThink we're seeing a 4th of the 3rd pull back (brief) entry poss around target box to catch 5th wave up for those missed it/sold too early.
Link $18 Hello, friends!
In March, I conducted an analysis of the Link coin. At that time, key zones for potential purchase were identified. Today, we can see that the coin has reached the buying level and has begun to show activity, moving upwards.
Based on the previous analysis, we make the assumption that the Link coin may soon reach the $18 level. Considering the previous analysis data and trends, this level could become a reality in the near future.
LINK Shoots 42% To Exit Bear Channel, $12 Next?Remarkable Jump: LINK price action shows a 42% increase in the last 48 hours, crossing the $10 mark.
Four Bullish Candles: The LINK price has surged due to four consecutive bullish engulfing candles.
Exiting Bear Channel: The bull run has exited the falling channel in the weekly chart, signaling a potential trend reversal.
Bitcoin's Influence: As Bitcoin sustains above $30,000, Chainlink and other altcoins are also experiencing bullish momentum.
Cup and Handle Pattern: LINK completes a bullish cup and handle pattern, further supporting the uptrend.
Current Price: LINK is currently trading at $10.420 with an intraday growth of 2.17%.
Technical Indicators - EMA: The 50 and 200 EMAs have formed a golden crossover in the daily chart.
Technical Indicators - RSI: The RSI has entered the overbought zone, indicating strong bullish momentum.
Next Milestone: The next target for LINK is the $12 mark.
Golden Crossover: The weekly chart shows potential for a golden crossover, further supporting the bullish outlook.
Short Pullback: A long wick formation suggests that a short pullback may be imminent.
Market Sentiment: Overall market sentiment is bullish, making the $12 target increasingly likely.
