Link 2h$2 link seems like a stretch, that would make their market cap $900mil.
With new news and potential news...
Who knows...
LINKUSD trade ideas
LINK looks bullish on the inverted chart. Bottom early 2023.LINK target $2. Same idea, but more meme lines. Bottom is in when everybody thinks crypto is dead. After $2 LINK is going to $1000.
LINK looks bullish on the inverted chart. Bottom early 2023.LINK target $2. Macro environment bearish, bear cycle got more to go. Sentiment too bullish. Usually bottoms are formed, when everybody thinks crypto is dead this is not the case currently. More updates coming.
Link Bounce or DieLink has been struggling in a subrange but has painted many bullish patterns that suggested a rise to higher levels. One of which is a diamond bottom reversal pattern that I covered previously. It also broke out on the upside of a bearish descending triangle and currently retesting it and the support of a rising channel.
the RSI has been in an uptrend while price is stagnant forming many bullish divergences.
The current price point should lead to an upward reversal. If price breaks down the supports of the patterns, we will see further downside.
I am not of the opinion that the market will crash catastrophically at the moment as many pundits are predicting, if this should happen it will be in September which has been a consistently red month in the cryptoverse.
Link may be ready to breakout here.If it confirms the breakout here the target is $12.50. *not financial advice*
LINK: moving in overbought marketIt was a very good week for LINK. Coin found strength to make a move toward the long term resistance line at $9.0. LINK finished the previous week by testing this level. At the same time, a clear overbought market has been reached, which decreases the probability for this level to be further breached to the upside. Nevertheless, LINK made significant progress in a single week.
RSI reached level of 72, clearly indicating that the coin reached the overbought side of the market, implying that short term reversal is ahead. At the same time, MA50 started its modest divergence toward its MA200 counterpart. The golden cross is still far away, as two lines have some distance between them to overcome.
Current charts are indicating that LINK will start the week by testing the $9 resistance line. At this moment there is no clear indication on potential for this line to be breached to the upside. Instead, RSI is adding to probability for a short reversal, which might lead LINK back toward the $8 support line to test it once again.
LINKUSD daily time frame analysis Yellow fib drawn on the weekly time frame. This is the long time frame expected targets.
White fib drawn on the daily time frame. This gives us guidance for the short term targets and possible rejection/volatile levels.
Red boxes are drawn on the daily time frame where wicks are expected to fill during the next pump.
Let me know what you think.
LINKUSD: Bearish Bat with Hidden Bearish Divergence at Range TopCHAINLINK has been trading within this range for the last few months and recently has put in a Partial Decline; However it has formed a Bearish Bat on the Way up and may look to make a 50%-78.6% Retrace before continuing back up again to Bullishly Breakout.
So i would say the short entry is here and the profit target is between the 50 and 61.8 Retrace. Before then reversing again and giving us a Secondary Partial Decline.
Link inverted parabolaLink broke out of it's 434 day bearish parabola (in purple). In my experience, that means we have some upside ahead of us.
Keep in mind we're still in a bear market, which means that I see this pump as a dead cat bounce. I believe the price will rise in the next few weeks, crash to a new low in September, then move sideways between ~5 - 10 dollars until the early days of 2024, i.e., right around the time of the next BTC halving. Then we begin a new 1.5 year up only cycle, at which point LINK should pump high as hell.
These dead can bounces can be very profitable if you know where and when to sell. I've marked interesting resistance levels at which I intend to sell.
I've attached my macro BTC chart, and macro LINK chart, for accumulation zones.
LINKUSD ❕ upward channelLINK trading volumes declined.
Price and RSI have formed a bearish divergence (4H TF)
I expect that the price may continue to decline if the asset fixes below the support level. It is very important to watch the price reaction to the levels as the LINK is moving in an uptrend channel.
LINKUSDprolly something like that tbh
maybe brief rejection at trendline
but overall the way other coins are moving this scenario across the board is looking more and more likely sigh
travelling right now and kinda ceebs w trading (stress while travelling?) but 3 year bear market and overall is seeming less and less likely
global worker shortage? rather than high unemployment, but cost of living is up so speculative spending down?
eth coins been performing but this one kinda lagging comparitively, l2 narrative stronger than oracle rn apparently i suppose
just finished a 3 day hike n v tired so sorry if that doesnt make much sense
weve a cpi tomorrow but from what ive seen potenital for downgrading and restoring investor confidence but thats fairly speculative (source is vague but one of my more trusted ones)
so if this was the case then v ltf dip before resuming uptrend
techically weve got room for the obv to bounce higher and confluence level w ema200 and recent wick and old aug 2020 key level after initial takeoff of oracle narrative
leaning bullish as consolidation appears to be restoring market confidence
$LINK We have a breakthroughWeekly log broke the blue arc. We also have a 2 year breakout of the declining RSA. Positive momentum. The LINKBTC ratio chart is also breaking out.
LINK/USD I still think that we need to drop lower below 90% from ATH.
I will start acummulating more and more CHAINLINK when we reach blue area.
I want to see strong capitulation candle with a lot of liqudations of buyers before entering in to the market heavily.
Chainlink Price Analysis — August 8Chainlink has posted an aggressive 12% rally over the last 24 hours, tapping a near two-month peak at $8.74. The cryptocurrency also recorded its highest bullish trade volume on Bittrex since May, highlighting the notable expectations of a bullish rally in the near term.
That said, bulls need to be cautious of impending ease in pressure for LINK leading to a possible return to the $8.00 mark.
Meanwhile, my resistance levels are $9.00, $10.00, and $11.00, and my support levels are $8.00, $7.30, and $6.00.
Total Market Capitalization: $1.14 trillion
Chainlink Market Capitalization: $4.08 billion
Chainlink Dominance: 0.35%
Market Rank: #24
EliotThis currency is counted in Elliot wave style
And the path is beautifully marked
(This is also a good signal)
LINKLooking at the weekly chart for LINK we can see that 5 up was likely completed. I have marked off in blue a fib retracement level 618% of the entire 5 up and it hits around $1.31.
Looks to me like LINK is starting the X wave now and should no extend price action above $30. A rejection there would confirm that LINK is in a very complex long term correction back down to the 618% level to retest the lows and start a new bullish 5 up after.
LINK: how far is $9 resistance?Two weeks ago LINK finally managed to move from channel trading between levels of $5 and $7. Long term resistance line at $8 has been reached, but the coin did not have strength during the previous week to break this level, although it has been tested on several occasions. Weekly trading range was between $7 support and $8 resistance.
In line with spot price, RSI was moving within short range, between 52 and 61. This indicates that the market is still on the road to the overbought side, but it will take some time until it finally reaches it. Moving average halted divergence from MA200 counterpart, however, convergence has not started yet.
Current generally decreased daily trading volumes on the crypto market are not allowing for coins to move to the higher grounds. Same situation is with LINK. In this sense, it might be expected that the coin will continue to move within a range between $8 resistance and $7 support line. However, charts are now clearly pointing to the level of $9.0 resistance, still, as long as trading volumes are low, testing of this resistance line might be postponed.
Week08 LINKUSD: let it touch Trendline Support or give Breakout.Trade Plan:
TREND - Posting LH AND HL
Scenario 1
Expected to go down and touch trendline support. Buy 50% at that price and if it breaks it buy other 50% at bottom rectangular support zone for the target mentioned mentioned
Scenario 2
Wait for the trendline breakout and enter with Stoploss of previous HL.
Chainlink Roadmap 2022-2024It seems for now we have a bottom to work with , things are starting to become much more clear for Link , we now have this major trendline as Marco support. It's the same trendline that sent links on a massive run up to 20 dollars and now as it stands we seem to be holding it.
As you can see from the chart this time fib sequence is unreal , three amazing chainlink events , I try and find these all the time spend hundreds of hours going over link and btc for the golden sequence which I believe i found for bitcoin, its how i saw this capitulation event as early as January 2022.
Chain Link Fib Count
.0618 - This date is important because it's when Link hit 20 dollars for the first time, it was an important level to hit that resulted in over 140days of consolidation.
1.618 -All time high , yes this fib count lands right up there .
2.618 - This was a major pivot point down for the link which confirmed the bear market because it created its first lower low on the weekly.
3.618- First week of October 2022 , this could be the week Link starts increasing in momentum.
4.618 - This could be the date we get a rejection of the 8/1 gann fann , normally when price approaches 8/1 for the first time there is some sort of rejection or event that occurses and if my theory is correct it will swing down to the bear market lows again , as I go over in other TA's Bitcoin always comes back to create a double bottom before lift off .
5.618 - This is the most important fib count of all because it lines up with many things , first of all the Bitcoin halving event is during this period which for now is May 4th 2024 , we also have this very important LINK/BTC time fib which I have used for years without fail and the next fib time on that is last week of april 2024.
The RSI on the weekly on Chainlink has been in a descending wedge pattern for more than one year , once we break this can expect big moves.
So expect a major chain link event during March 2024 to April 2024.
