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LINKUSD.P trade ideas

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. ** --------------------------------------------------------------------------------------------------------
BINANCE:LINKUSDLong
by TradingShot
3
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.
COINBASE:LINKUSD
by AxiomEx
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.
COINBASE:LINKUSDLong
by UnknownUnicorn36647227
2
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.
COINBASE:LINKUSD
by mindfree
3
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!❤️
COINBASE:LINKUSDLong
by VasilyTrader
9
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.
BINANCE:LINKUSDLong
by jokubas
1
The chainlink fibonacci sequenceI think we can all say that Bitcoin didn't have a blow off top this cycle but chain link sure did. 70% in just two weekly candles in May 2021 pretty insane even for a blow off top , the week of May 17 2021 is the largest weekly red candle in chain links history ,66% in one weekly candle ,it had one hell of a run. Since June 2018 Chain link pumped 31674% over 1050days with no major changes in its parabolic structure until of course May 2021. It is possible that Chainlink has been playing a pattern from 2018 during that time Chainlink retraced 88% before starting its mufti year run. If the pattern plays out it means that the bottom is in for link. At the moment chainlink is currently in a descending wedge and so is the Weekly RSI . Since February 2021 Chainlink has been forming a massive wedge and also hitting record lows on the RSI. Is link getting ready for a big move in the future ?, possibly what you see below is a LINK/BTC dominance chart, for nearly three years now I have been following this link fib sequence that has been quite profitable so far. The next date is May 23rd 2022 , I bring this date up a lot because there also a number of Bitcoin Fib sequences that land in May 2022. So what will happen come this day since I have lived through it three times already , well nothing , nothing happens on this date no crazy price action just a normal weekly close but once time passes one comes to realize that week was indeed a pivot in momentum. So what will this time bring another pivot to the upside or downside? The fact is that its not really clear now we a descending triangle on the dominance chart which is a bearish pattern but we have descending wedges on price and weekly RSI. I will sideline for now and wait closer to May 2022 to make a move a lot of mixed signals right now and the one thing I cant stop thinking about is the fact that Bitcoin has not put in its signature capitulation volume bar, we have nothing to confirm a true cycle bottom ,if we hit the 200 weekly with massive weekly volume bar then we can truly say the bottom is in.
COINBASE:LINKUSD
by Sporia
4
LINK - 5 Year Continuous Macro UptrendThis was the chart I found that went back the furthest. When in Log Scale, you can see above that Chainlink has been in a 5 year continuous uptrend. Notice there have been several times where the channel was broken, but as we know in technical analysis, it is not the initial breakdown that matters, but the follow through price action. As you can see, the follow through price action every single time has lead to almost-immediate reentry to the channel. I believe that Chainlink is starting the next wave to the top of this channel, a wave that would put Chainlink at ATHs close to the heartline at the middle of the channel. Heading to the top of the channel would put us somewhere in the area of $120 - $ 195. Note that this is a very long term HODL play, and it is actually too long for my tastes, as I do not HODL Chainlink.
COINBASE:LINKUSDLong
by mithril_web3
8