TRYX ANALYSIS | LINKUSD |LINKUSD is in a triangle for a long time, we can start long now But it's a little riskier or we can wait for confirmation
LINKUSD.P trade ideas
LINKUSD Falling WedgeA breakout that is possibly occurring on LINK
Out of this large falling wedge structure
LINK Potential Crash?!LINK is not looking very great right now, its in a descending triangle pattern and might soon breakout. The time for it to happen will take anywhere from now to a month's time.
LINK. Where is price going to Next...LINK. If a break and support at 61.8,fib. Could be looking at a nice 37%.
Ideally for higher prices, getting back above VWAP with support could get price back to 30 - 30.7... Stochastic showing signs of support, close to crossing above the 20%.
If support is not found then it's back to 78.6,fib and back for a possible double bottom. Down at those lower levels, 11.00 to 10.00, the risk of a quick flush down is high, with strong selling volume.
LINKUSD Always a student…lets see how its gonna work!
I believe The situation in market is gonna get a bit better and thats the time link is gonna shine a bit.
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 .
$LINK breakoutit's been really choppy and it looks like death could come at any moment on the weekly, but the daily and 4hr are setting up for a nice bounce if you got the ballz. Looks like it could break out tonight but we'll see what market brings in this god damn down economy
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.
LINK/USDT Inverted H&S Pattern So Target after breakout us $36#LINK/USDT TA Update:-
$LINK currently trading at $13.9
Price consolidating in Shoulder Pattern.
Left Shoulder already completed.
Head Also completed.
Now If Candle not break below $12 then We can see Big Upward Targets.
I am Buying some here because Inverted H&S Pattern.
Entry:- $12.50-$13.90
Targets:- $21.55/$28.77/$36.12
Stop Loss:- $12
LINK 10%+ gain entry incomingToday I'm doing something a little differently. I've decided to let the charts speak in detail instead of a lot of words. If I have something special to say about the specific instrument. I will mention it here. For general Crypto updates, please take a look at my BTC update.
One thing to keep in mind is that we are in a short-term downward wave today and we haven't reached the end of it.
LINKUSD Has the world given up on ChainLink?ChainLink (LINKUSD) was one of the hottest crypto from 2019 to 2021. Ever since the May 2021 top though it has been trading on Lower Highs and Lower Lows, failing to recover its All Time High (ATH).
The February 2022 Low came very close to the 1W MA200 (orange trend-line) and as long as it holds, LINKUSD will most likely sustain its cyclical bullish trend. The natural Resistance is the 1W MA50 (blue trend-line), a break above which, should be enough to restore the price on a new upside sequence. Basically LINK has been trading within the 1W MA50 and the 1W MA200 since mid January 2022, effectively 3 months.
Despite the bearishness and loss of faith of the market since 2021, the first long-term bullish indicators have started to emerge:
1) The Ichimoku is on the Red Cloud already. In the two past occurrences, when that emerged, ChainLink had already started the parabolic rally phase.
2) The 1W RSI hit in late February/early March the 37.500 Support that was formed on the June 18 2018 1W candle.
3) The 1W LMACD is approaching the -0.21000 Support of the July 16 2018 1W candle.
An LMACD Bullish Cross might be emerging and if formed it will most likely kick-start the parabolic rally much like the August 13 2018 Bullish Cross did. The final but rather late condition would be when the 1D MA50 (red trend-line) crosses above the 1W MA50.
Every Higher High has been on a +0.5 Fibonacci extension progression. First was the 1.0 and then the 1.5, 2.0 and 2.5 Fibonacci extensions followed. Technically, the next Higher High of the Cycle should be on Fib extension 3.0 around $147.00.
--------------------------------------------------------------------------------------------------------
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
Update LINK Target for EOY 2022. Somewhere between low $30's and around $400. That is the best that we can do at this point. So far the rising channel has held on the weekly. Let's see if we get a big move upwards. I think this aligns with Alton season and some charts I have been watching.
LINK loses value at $15.3The Chainlink price analysis for April 10, 2022, reveals the market following a bearish movement, obtaining some negative momentum, signifying a loss of positivity for the LINK market. The price of Chainlink has remained negative over the past few hours. On April 8 the price crashed and went from $15.7 to $15.4. As a result, the market started depreciating soon after and lost most of its newly gained value. Moreover, Chainlink has declined slightly and devalued the price to $15.3.
The current price of Chainlink is $15.3, with a trading volume of $292,046,567. Chainlink has been down 0.05% in the last 24 hours. Chainlink currently ranks at #23 with a live market cap of $7,146,330,653.
The Chainlink price Analysis reveals the market’s volatility following a declining movement, which means that the price of Chainlink is becoming less prone to experience variable change on either extreme. The upper limit of the Bollinger’s band is present at $18.1, which serves as the strongest resistance for LINK. Conversely, the lower limit of the Bollinger’s band is present at $14.6, which serves as the most substantial support for LINK.
The LINK price appears to be moving under the price of the Moving Average, signifying a bearish movement. The market’s trend seems to have shown bearish dynamics in the last few days. As a result, the market has decided on a negative approach. The less volatile market may be unfavorable for the bears as the bears now have good chances of maintaining their movement and deprecating the value of LINK even more. However, this will prove to be quite disadvantageous for the bulls.
The Chainlink price analysis shows the Relative Strength Index to be 45, signifying a stable value for the cryptocurrency. This means that the cryptocurrency falls in the lower undervalued region. Furthermore, the RSI path seems to have shifted to a slight downward movement. The low RSI score also means dominant selling activity.
Conclusion the Chainlink price analysis reveals the cryptocurrency follows a downward trend with much room for activity on the negative extreme. The market’s current condition appears to be very unpredictable, as it shows potential to move to either extreme.
LINK - desired five-wave buying scenarioWhat Is Chainlink (LINK)?
Founded in 2017, Chainlink is a blockchain abstraction layer that enables universally connected smart contracts. Through a decentralized oracle network, Chainlink allows blockchains to securely interact with external data feeds, events and payment methods, providing the critical off-chain information needed by complex smart contracts to become the dominant form of digital agreement.
The Chainlink Network is driven by a large open-source community of data providers, node operators, smart contract developers, researchers, security auditors and more. The company focuses on ensuring that decentralized participation is guaranteed for all node operators and users looking to contribute to the network.
LINKUSD - 15 min watching this line. Market wide.I was just mentioning this to another trader with very nice chart work. He had bitcoin shooting up. But if you look, even if that us where we are headed, you will need a drop down. Think about it like the superhero take off into flight. and superman, the new ones, where he almost pushes into the resisted form of the earth to absorb the energy of force. We need that dip into the pool of belief. I think that will be a main factor in the height of the next leg of consolidation.
LINK/USD: Key Level to Watch
Hey traders,
Link retraced to an important confluence zone on a daily.
We see a perfect match between a horizontal structure and 0.5 / 0.382 retracements of the last impulses.
To buy with a confirmation watch a falling wedge pattern on 1H time frame.
You need a bullish breakout of its resistance (hourly candle close above) to confirm the breakout.
Goals will be 16.04 / 16.6
If the price breaks a blue zone to the downside, the setup will be invalid.
❤️Please, support this idea with like and comment!❤️
Link LongLink manages to Hold 200 MA (Orange line). In July 21 it closes above orange line and touched 36$. Second reason Link working on web3.
Recommended to buy Link Short term to Long term.
Buy Link 15.7, tgt 16.7, 17.5 , 18.7, 20, 23. Long term target 50-75$
LINKUSD: Long Signal Explained
LINKUSD
- Classic bullish setup
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Buy LINKUSD
Entry Point - 15.45397
Stop Loss - 14.67738
Take Profit - 16.61987
Our Risk - 1%
Start protection of your profits from lower levels
Please, leave a comment and support us with like.
❤️ Please, support our work with like & comment! ❤️
LINK - Long term perspectiveHello, I've invested in $LINK in 2018 and bought somewhere around 0.22$ and now I wanna take a look where it's heading.
As you can see the yellow lines shows support/resistance on a closed candles.
The white lines shows support/resistance on a wicks.
Based on that I can see that we still have room to go lower to smoewhere around 7$. This is the zone where the retail investors will be scared and think that the project is dead but smart money will buy the dip.
In conclousion I wanna say that this move will also depend on a Bitcoin price action. Personaly I will be waiting for May to see if we go lower or we are already hit the bottom.
P.S. Tell my your thoughts on $LINK in the comment section.
