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LINKUSD trade ideas

LINK: setting stage for reversal During the previous week, LINK has shown significant strength and high potential perceived by investors. The only thing that is currently holding stronger buying orders is investors' insecurity over general macroeconomic conditions in the future period. This is confirmed through previous week`s price moves of LINK, where the coin managed to clearly break the $8 resistance line and end the up-move at long term resistance line at $9.0. With Friday's move to the upside, RSI moved to the level of 69. Still, a clear overbought market has not been reached, although the indicator reached levels which are very close to the overbought side. Moving averages of 50 and 200 days continue to converge toward each other, indicating high potential for the golden cross to be reached in the near future period. RSI is showing that the price might go higher from current levels, when a clear overbought market will be reached. This would also be a signal that the short reversal is on a road for LINK. In this sense, it might be expected that LINK will continue to test the $9.0 resistance line in the week ahead. In case that this level is not breached, then the coin would revert a bit to the downside, where support line at $8.0 might be tested.
COINBASE:LINKUSD
by XBTFX
LINK may be breaking up from triangle; nearing daily goldencrossLooking at the weekly chart here to get a better view of this pink triangle’s trendlines. We can’t see on this chart how close the daily charts golden cross is from happening but it appears to be less than a few daily candle closes away from occurring. If this symmetrical triangle confirms its bullish breakout the target is around $11.32- $11.47. Reaching this target would bring price action up out of a much larger triangle that its been in for far longer that has a much larger breakout target to go with it, however we can see the stoch rsi on the weekly chart has ventures into the overbought zone so it increases the odds that when price action first retests this yellow trendline on the way to the target it will encounter it as resistance, same with the descending white trendline as well. The stochrsi is also overextended on the 1 day chart too increasing the probability that price action will encounter resistance along the way to the breakout target that may result in some level of correction. Still always possible it finds a way to break through both of these resistance lines with ease just a lower probability with stoch rsi already in the overextended zone. If it can sustain the breakout and reach its full breakout target then I believe it will sustain the daily chart golden cross and in time trigger the breakout from the much larger triangle pattern as well. *not financial advice*
COINBASE:LINKUSD
by DrDovetail
A REALISTIC APPROACH TO 1000$ LINKHello Everyone, MrBanker is here. I present you with 3 ideas about how the LINK will reach 1000$. First Theory: - A 5 wave move is completed back in May 2021. Which also completed the 1st wave of the bigger degree. - The LINK is now showing a rather complex correction which is also an accumulation zone. - After this correction, we should observe a soaring move into 1000$ which will be only a fraction of the biggest 3rd Wave. Second Theory: - The indicator is especially customized for LINK in a Weekly timeframe. - According to this indicator, LINK had two major tops and four major bottoms. Which also indicates a buy zone for LINK at this moment. - For the LINK to reach 1000$ level, expect at least 1 year long minor bull and bear markets during that period. Which will be eventually shown in the custom made indicator. Third Theory: - Based on a realistic approach, LINK must first break through the ultimate resistance line starting from 2019. - The upcoming CCIP and Staking will be great catalysts for a major pump. Considering that almost every LINK owner is waiting for Staking which will reduce the circulating supply drastically and increase the demand for the token enormously. - By all these combinations of theories, LINK will definitely reach 1000 Dollars but the exact time is uncertain. Trade Safe, MrBanker
COINBASE:LINKUSDLong
by Mr_Banker
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