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LINKUSD trade ideas

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
LINKETH - MONTHLY BREAKOUT (LONG) $LINK Chainlink $LINK has broken out of a brutal downtrend against Ethereum $ETH. LINK has been bleeding against ETH since August 2020 and finally looks ready to breakout of the trend and hopefully go to new ATHs. Link was the star of last bear market, and as we head into poor macro conditions, it looks like history may repeat itself. LINKETH is also sitting on major support and I'm fairly confident that it will hold strong. This could be another fakeout like we saw a few months ago - but I'm optimistic LINK will start outperforming soon regardless. During the mania phase, the market greatly over valued various L1s, meme coins, metaverse, governance tokens, etc. Its time for a return to normalcy and for only the strongest projects to survive/thrive.
COINBASE:LINKUSDLong
by sacred73yt
2
LINK/USD Elliot Wave countUpdated the Chainlink count WXY correction pattern for a 4th wave and now we are into the 5th wave to the downside I think is already finished 3rd subwave of the 5th wave. I am expecting a 4th subwave corrective move to .the upside and than last 5th subwave and I think we will see soon the bottom. Also this days I caught good trades on this move to the downside, hope you too! If you like my analysis please give it a like and subscribe for my futures counts. Thanks!
FTX:LINKPERPShort
by Cross10XSignals
LINK: overbought market is postponed? LINK had an excellent start of the previous week, when its price managed to break the $8 long term resistance line, reaching its highest level at $9.6. Resistance line at $10 has not been tested on this occasion. Unfortunately, negative macro fundamentals pushed the price down to level of $7.1 as of the end of the week. Prevailing buying orders for LINK started to push the RSI up to the level of 61 on its road toward the overbought market. Still, this indicator is ending the week below line of 50. However, in this case it does not look like the market gave up from the overbought territory but it has just been postponed. Moving averages of 50 and 200 days are continuing to move as two parallel lines with downtrend, not indicating potential cross in the coming period. LINK showed high potential for an uptrend during the previous week. In case that coin reverts this trend, the price might again move back to the $8 resistance line, with some potential that next short term resistance at $10 might be tested. On the opposite side, there is a decreased probability that the support line at $6 might be tested in the coming days. Disclaimer: This article provides exclusive views of the author. It does not in any sense represent a suggestion for trading.
COINBASE:LINKUSD
by XBTFX
link.the same as all the other coins, link put in a clean 5 waves up, and has since put in 3 waves down. --- i'm starting to like the idea that the move down from the highs was only the first of three larger legs. in this case, it came down in a simple zig-zag, so i'm going to be labeling this abc as wave (w). wave x usually retraces 0.50% of the entire drop, but it can go to the 0.618~0.65% as well. wave y will drag out into 2023, where it will find a bottom most likely closer to $1.22. --- w-x-y, is nicknamed a double combo, and it consists of three zig-zags (it can also become more complex, and have smaller double \ triple combos within it). --- risk management is your #1 priority, everything else should come second. 💰
BINANCE:LINKUSD
by Eloquent
3