$LINK Weekly Log chart UpdatePattern is becoming a bit cleared as we complete an inverted arc. Strong support below. Looking like a magnet at this point. Possible breakout late this summer? Let's see how we act off of supports
LINKUSD trade ideas
Chain link Low targets chain link is going to make trading nut here and go deeper . my target for buy is 2.7 Dont rush ,market balance shows a deeper targets .2.7 will be the 0.9 fibo projection .there could be a shadow for 1.8 $ and close of weekly candle should be 2.7 date must be in second week of july for all market low targets .
LINK UPDATE - POSSIBLE BUY AREA - $4.50i've been following LINK for a while now and when you think it can't go any lower, it does.
i still believe we get another leg down to the $4.50-$3.85 area before we start to trend up
why do i think this? a couple reasons 1) we have a hidden bearish divergence on the daily chart (price = lower high and RSI = higher high) and 2) equities are set to dump again today after trying to make a comeback the day prior
no clue that this happens but worth sitting on the sidelines until we have clear direction before taking a risky position here
not trading advice, just my thoughts
tjg
LINKUSD (4H) Bullish reversalHi Traders
LINKUSD (4H Timeframe)
Waiting for the upward break of 8.00 resistance level, which will complete a bullish trend reversal pattern to go LONG. Only the downward break of 6.64 would cancel the bullish scenario.
Trade details
Entry: 8.00
Stop loss: 6.64
Take profit 1: 8.85
Take profit 2: 10.22
Score: 4
Strategy: Bullish reversal
Ahoy Stink Marines Captain Swoop Here.Attempting to forecast the macro here - our low needs to hold here at $5.26~ for the targets outlined to stay valid - Good Luck Stink Marines.
Forecast will still remain wave 3 even if low is busted as long as our inception wave 1 low is not busted - I will just have to change my fib extension targets if a new low is made below 5.26~ marked in red at 2.
LINK: reversal is on hold?LINK continues to follow the general market trend. During the previous week, the coin started with a short reversal, after reaching a clear oversold market two weeks ago, however, the coin did not manage to sustain new levels and reverted a bit back, to the levels from the start of the week. Highest level reached during the week was the $8 long term resistance line, while the coin is finishing the week around $6.8.
Charts show that RSI is still not ready to exit the oversold market, although this indicator started this road in a quite shy manner, by reaching level of 34. Moving averages of 50 and 200 days continue to move as two parallel lines but this time with a clear down trend.
Technical analysis is pointing to the probability that LINK might head toward the $8 long term line to test this level one more time in the coming days. There is currently no indication that this line might be breached to the upside. On the opposite side, if selling orders emerge, LINK might turn to $6 support line.
Disclaimer: This article provides exclusive views of the author. It does not in any sense represent a suggestion for trading.
Chainlink bullish post recessionThe Chainlink ecosystem has backing from strong investors and because of its track record of surviving an strong downtrend in 2018-2019 could Chainlink be a sleeper pick for the next bull market post this current recession.
Chainlink is a blockchain oracle built on Ethereum and is therefore an important technology in the blockchain world and it could therefore be a long term stability and long term validator for the future.
So even if the price of Chainlink would drop massively would this coin not crash as the technology and its fundamentally strong product.
Chainlink nearing end of corrective wave (Elliot wave theory)Looks like Chainlink might be near the end of the bearish/corrective wave, hopefully indicating we'll see some better price action in the not-so-distant future.
LINKUSD Short ScenarioMarket is in overall downtrend, but in 1h timeframe we can see an upwards correction, market already formed a main lower high, which means we should see a break of a correction structure, retrace back to it and down a downfall of a price at least to a recent main lower low.
Entry: 7.29 (After break and retest)
Invalidation: 7.98 (Above main lower high)
Target: 5.56 (Main lower low level)
LINKUSD ❕ between rangesChainlink trades between two ranges.
Price is between 100 and 200MA on the 30m Timeframe.
LINK continues to hold the uptrend line.
I expect that the price will test the trend line and after fixing above it will continue to rise to the lower boundary of the upper range.
LINK: start of a short reversal?Prevailing selling orders from two weeks ago, just continued their trend in an environment of negative market sentiment. LINK started the previous week around $10 short term support line, and continued the bearish trend down to the level of $5.3. Since a clear oversold market has been reached, the coin started its short term reversal, finishing week at $7.2.
RSI was moving the whole week in an oversold territory, where it also finished the week. This increases the probability that the coin will start a stronger reversal in the coming days. At the same time, the moving average of 50 days is slightly moving away from its 200-days counterpart, indicating that the golden cross is still on hold.
Long term support line for LINK stands at $8. This line has been broken during the previous week, however, the coin is heading toward this level. Whether there will be strength for a move above this line will depend on buying orders on the market. In this case, LINK might try to reach the previous level of $10. On the opposite side, the level of $6 might be tested for one more time.
COINBASE:LINKUSD
Chainlink long term perspective The blue line is Bitcoin from 2015-2019, you'll notice it's not exactly the same but very similar. A lot of people are in complete fear right now and I think this chart gives some perspective as to the current opportunity. If price action for LINK is anything like BTC, we should see an accumulation range for the next couple months before the start of a new bull trend. Granted it is slightly different with the Fed undergoing monetary tightening, but I still see chainlink as an extremely undervalued, highly utilized and intrinsic part of blockchain technology going forward. Don't fomo or run away from fear, this is most likely a time to be accumulating over the next several months.
Chainlink to $3This is a continuation on the idea published below. So many folks on Tradingview are bullish on Chainlink whilst ignoring the 24000% return in the last 800 days. This is greed on steroids.
On the 2-day chart above the head and shoulders confirms a break of the neckline following the bearish divergence identified on the idea below.
A short from $24-25 is amazing if you can get it. Price action is oversold in the short term.
Good luck!
WW
5-day
LINK, Sometime simplest analysis works the best !Making complicated analysis does not make anyone a genius ! Sometime simplest analysis works the best !
This type of publications is not my ideal and usual one but everybody knows that following the trend is the base stone of every trade !
If we can not detect the direction of the market correctly we have no way but embracing painful losses !.
LINK, when we look at weekly time frame, has clearly broken up trend support line, made a pull back and resumed it's down side move.
I am not going to reveal my down side target for Link in this publication since this idea is not about relation of waves and target analysis. It is just to remind that " Trend is our best friend " in the market.
Good luck everyone.
$link weekly demand $4Pros:
1. 2 yrs since traded around $4
2. price took off in a big way since the $4 range
3. price is falling fast into weekly demand
low risk / high reward buy limit order at $4.60
LINK : When is safe to buyEverything is on the chart,
dont focus on cheapest price, but focus on safest price..
u don't know where's the bottom :P
Trade safe n fun
Stink Marines Crying - Too Bad I'm Buying...Can always be more downside here but I'm starting to accumulate at these levels.
Chainstink Don't Smell Good...Looks like chainstink is about to fart again all the way down to $9~ areas or maybe lower...Believe in nothing trade everything basically in the crypto worlds
LINK BUY ZONE $4.90 - $3.50i posted a similar head and shoulders top chart for link back on 1/11/22... getting closer to it playing out
measured move down from the head and shoulders top is the green area (buy zone). i think we eventually get there...
not trading advice
tg
LINK at Crucial Support. What to do!LINK broke $10 important support in relatively high volume.
Entire crypto market is in panic, a beautiful indication that we are approaching the bottom.
• To begin the uptrend LINK needs to regain, in a short period of time, $10 level.
• I don’t suggest to short LINK now, cause it’s already near to a bottom. It’s wise to wait for a break and test $7.50 as resistance before taking a short.
• You can add some LINK in your HODL portfolio at $7.50 only if you are intent on holding them, even if it goes below $4.90.
Stay out of leveraged trading, market is too risky and volatile.
Thanks for reading this!
Remember investing is a probability game.
Not a financial advice. Always do your own research.
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