LINKUSD.P trade ideas
Chainlink going higherShould go up to 18 in the near term. Will hit downtrend and price resistance near there. May consolidate more, could break out and begin climb back to 24, 30 and see from there. Could hit 18 and enter a falling wedge?
Comments appreciated. Still learning. DYOR
45% drop coming for Link? None's readyYeah, I am a Link bull but I would be a poor trader if didn't consider the possibilities and didn't allow for the chart to show me what it could be doing.
My theory is that Link could be in a descending channel with a bottom back at Dec 2020 bottoms at about $8.60. I could see Link starting to tank over the next two to three weeks. And then around mid April see a turnaround that will break us pass descending line of resistance (yellow) retesting the bottom line of support/now turned resistance (orange). The measured breakout of the descending channel puts us exactly at the orange line of resistance.
The money flow index is topped out on the daily and showing hidden bearish divergence. The Stochastic RSI looks like it put a double top on the daily and is now curving down.
Ofcourse, it could all be invalidated. If we break out of this channel comeback to test as support and bounce then its invalidated and were most likely heading higher. But I just wanted to show you what I'm seeing.
LINK is ready to partyLINK broke through resistance and will climb higher.
Fundamental, Chainlink has a powerful team of developers with a lot of resources. This token is going places.
LINK : Bullish in big pictureMonthly time frame in log view
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In the past there're many of my analysis for LINK
and now at the point where I see how indicators turn positive
my view changed from bearish to bullish
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btw, i may not update analysis often as i'll be busy with life
Trade safe and fun, always do good MM
Feel free to share ur idea
Chainlink no brainnerif market holds I would say it's no brainer, the best oracle in the game, many projects would literally die without, staking coming
Bullish LINKINFO: We have opened a LONG position on LINK/USD, our target goal is 16
We are just following the trend lines!
LINKUSD - Another Wedge Upside Breakout! Will It Reach Fib .618?If Chainlink retraces to Fib level .618 as it did last time it broke out of a similar descending wedge, it will get to the $28 range in April / May.
Regardless, Chainlink has clearly shown us a break to the upside and it's time to run! Will it outpace BTC as detailed in my previous chart... we have yet to find out. Holding on for now and watching both charts for the next move, either hold the Link a bit longer or swap for BTC if it breaks down under .00032 BTC per LINK.
Good Luck and Enjoy.
Chainlink Monthly ProjectionLet's see if these meme lines turn out to be true. I will probably forget about this post and find it in a year or so. It will either be laughably wrong or disturbingly right. Leave your opinions below. Stay Stinky.
LINK/USDTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
Link to previous chart:
If you press play on the previous chart, you can see that we went lower and a new impulse trend did not start. We were still correcting and finishing up the C wave with the false breakout on the B. On the current chart we've either found the bottom or have one more leg down. The support and resistance lines are mapped out and the thicker lines mean there's either heavy resistance or support there. Currently we're having trouble getting above this resistance line, the EMA's are starting to curl up though, if we can manage to stay above it then I believe the next impulse wave can start for the bigger wave (3) cycle. This area is key levels for accumulation zone so no idea how long we will stay here. The white squiggly line is the line we'd all hate to see lol. Either way, price targets should be reached, just a longer route to it.
Chainlink 2022/23
IYKYK
SWIFT - November
CCIP end of Q2
Staking end Q2
.................
FEW
Soon the network will validate and facilitate all cross chain activity and will secure the entire DLT ecosystems.
LINKUSD 3D CHART As I mentioned in the title, I am waiting for wave 5 but first we need to complete wave 4 satisfactorily.
The 4th wave may end in the wide range indicated by the white circle. After all, we are looking at the high time frame and it is not possible to predict the price exactly.
After wave 4 is complete, we will wait for wave 5 as the last wave of impulsive uptrend. I position the target given to me by the Fibonacci ratios as the 5th wave.
I think the count is satisfactory. The only problem would be that LINK's previous price movements were not on our chart. This is the oldest chart I could find and I think it's valid.
EOS,LINK - Similar MACD Formations Requested one for EOS (this is all I could make of EOS, the price action is very strange) the price for EOS although is low and enticing.
It can be seen that the MACD's on the weekly between EOS and LINKUSD are comparable, they will probably recover from this bear patch in the same way.
[LINK] 5-year fractal projection to $1000This graph shows a rough estimate fractal representation of what would happen to LINK if it repeated its history with a "depressed" lengthened cycle of 1 year and diminished returns by half. It's basically a slightly more conservative projection compared to last bullrun.
I believe this scenario can happen if the whole crypto market reaches 20Trillion+ and Chainlink can consolidate inside the Top 10 with an independent bullish move.
Link UpdateLink is currently heading to the $18-$20 region if we see bitcoin start rallying upwards again!!!
LINK surges to $15.The Chainlink price analysis is bullish today as the price took an upwards turn surprisingly after breaking downwards today. The price function has been headed upwards for the last 16 hours, continuously marking bullish supremacy. LINK price has recovered up to $15 level, and soon link will be reattempting $15.3 crucial resistance. Overall the last week proved significant for the buyers as the price action has been upwards mostly. Today bulls have successfully crossed above yesterday’s resistance of $14.5, and now bulls are marching towards their next target of $15.3.
The 1-day price chart for Chainlink price analysis shows bulls have recovered the price level up to $15, as the cryptocurrency is trading hands at $14.95 at the time of writing. The LINK/USD shows an increase in price value by 3.8 percent over the last 24 hours and also reports an increase in price value by 14.8 percent over the past week as the trend has been upwards during the week. On the other hand, the trading volume has decreased by 16.6 percent, but the market cap has improved by four percent in the last 24 hours.
The volatility is high, and the average line of the volatility indicator is forming at $13.9, representing support for the LINK/USD pair. The upper value of the indicator is at the $15.6 level representing resistance for the coin’s price, and the lower value is at the $12.1 level. The Relative Strength Index score has also improved, and the RSI, after climbing up, is now trading at index 54, indicating the buying activity in the market.
The Chainlink price analysis suggests the bullish momentum has been quite steady, but as bulls have been in the lead for the last 16 hours and the price is in the lower price range, bulls might be exhausted now as the RSI curve is also flattening up on the 4-hour chart. So we expect LINK to start retracement shortly before breaking above $15.3 in the later hours of today’s trading session.
LINKUSD 15 dollar line. Watching 4 hour - there was no charting needed for the past week just sideways, sideways. Even when i cant grab a dip i also but weekly 200 of bitcoin and Eth. Steady through the storm,
CHAINLINK BREAKOUTChainlink breakout from falling wedge pattern and forming hidden bullish divergence. potential upside 40%+
$LINK$LINK starting to look good around $14. Downside is limited but possible IMO. If it happens to lose $ 12.8 The white horizontal supports shown in screenshot will offer great support. Overall looking ready for larger upside potential.
LINKUSD long after breakoutI am forecrasting link to breakout above this trendline and when it goes above the Kijun-Sen (black line) a possible Kijun Bounce would make me open a trade at the Kijun Line.
Stop loss can be put below the long term support zone which is unlikely to break. I put the target close to a recent high with a risk to reward of 1:2
MACD Similarities - LINKUSD and BTCUSDThe price structure is very different
yet the MACD tells a different story, one that is quite familiar
I think this is both a bullish sign for BTC and tokens on Ethereum - LINK
