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LINKUSD.P trade ideas

Chainlink Price Analysis — June 29Chainlink continues to maintain a pass-and-play (choppy) momentum between the $7.3 resistance and $6 base. Currently, bears have initiated a push for the $6 base after a prolonged inability to take the $7.3 mark over the last weekend. That said, we should expect a bullish rebound anywhere near the $6 mark, back to the $7.3 top, as the choppiness is expected to persist with the crypto winter. In an event of a bearish breakdown below the $6 mark, an extended dip below $5.3 (the broader range) seems significantly unlikely. Meanwhile, my resistance levels are $7.3, $8.0, and $9.0, and my support levels are $6.0, $4.0, and $3.0. Total Market Capitalization: $898.3 billion Chainlink Market Capitalization: $2.97 billion Chainlink Dominance: 0.33% Market Rank: #22
BITTREX:LINKUSD
by Mr_Wogbe_Alex
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.
COINBASE:LINKUSD
by XBTFX
2
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
COINBASE:LINKUSDLong
by Grage2334
3
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%!
COINBASE:LINKUSDLong
by Sporia
11
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.
COINBASE:LINKUSD
by XBTFX
1