$LINK Potential RangeThis appears to be the upward channel LINK has carved out, with 6 touches on the bottom rail, and 1 FBO on the top. Best we can say is between $30 and $500 by EOY. I think we’ll see $100.
LINKUSD trade ideas
LINKUSD - Back to that 15 line of resistance. The Market Line.Here we are back to the 15 this is will be a nice test to see if the resistance holds, to me that would indicate an inching up on the belief in value, I like this project, but it's a wide open market. I feel like we might be hitting value soon, for me this will be like a raise in pitch, a tighter wave.
LINK - long playUpper and lower trend lines I drew on the 4 hour chart creating an expanding upwards channel
Recent break of resistance levels
I entered a long position at around 17.5 and will be swinging it until I see a break of the current trend
First two price targets at dashed green lines
This is my first post, feel free to leave some comments or suggestions for me
LINK the legendary hero of hyrulewell he defeated ganon and ganondorf so you know this kid aint playing. $70 price target on the cards once he picks up the master sword. really no telling what will happen but by the looks of things buddy is stuck in jabu jabus belly at the moment. donwside to $2 is a possibility but only if the water temple trips him up, which is a classic. besides that uponly
SOL and LINKUSD - Falling WedgesFalling Wedges on both sides
LINK is experiencing the falling wedge on a Weekly timeframe however
Bullish
UPDATE FOR LINK RR 2.27Hi everyone,
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LONG LINK: RR 2.27
- ENTRY : 17.131
TP1: 18
TP2: 18.72
- SL: 16.4
LINK with 6% high probability 🎯 We are still on move from the previous high momentum bottom spike and the price is expected to reach the upper target. The up momentum has sufficient energy to reach this level.
LONG LINKUSDT RR 2.96Hi everyone,
Please hit the like button or leave a comment if this can make you some money.
LONG LINK: RR 2.96
- ENTRY : 16.645
TP1: 17.382
TP2: 18.007
- SL: 16.161
The chainlink fibonacci sequenceI think we can all say that Bitcoin didn't have a blow off top this cycle but chain link sure did.
70% in just two weekly candles in May 2021 pretty insane even for a blow off top , the week of May 17 2021 is the largest weekly red candle in chain links history ,66% in one weekly candle ,it had one hell of a run.
Since June 2018 Chain link pumped 31674% over 1050days with no major changes in its parabolic structure until of course May 2021.
It is possible that Chainlink has been playing a pattern from 2018 during that time Chainlink retraced 88% before starting its mufti year run. If the pattern plays out it means that the bottom is in for link.
At the moment chainlink is currently in a descending wedge and so is the Weekly RSI .
Since February 2021 Chainlink has been forming a massive wedge and also hitting record lows on the RSI.
Is link getting ready for a big move in the future ?, possibly what you see below is a LINK/BTC dominance chart, for nearly three years now I have been following this link fib sequence that has been quite profitable so far.
The next date is May 23rd 2022 , I bring this date up a lot because there also a number of Bitcoin Fib sequences that land in May 2022.
So what will happen come this day since I have lived through it three times already , well nothing , nothing happens on this date no crazy price action just a normal weekly close but once time passes one comes to realize that week was indeed a pivot in momentum.
So what will this time bring another pivot to the upside or downside? The fact is that its not really clear now we a descending triangle on the dominance chart which is a bearish pattern but we have descending wedges on price and weekly RSI.
I will sideline for now and wait closer to May 2022 to make a move a lot of mixed signals right now and the one thing I cant stop thinking about is the fact that Bitcoin has not put in its signature capitulation volume bar, we have nothing to confirm a true cycle bottom ,if we hit the 200 weekly with massive weekly volume bar then we can truly say the bottom is in.
LINK - 5 Year Continuous Macro UptrendThis was the chart I found that went back the furthest. When in Log Scale, you can see above that Chainlink has been in a 5 year continuous uptrend. Notice there have been several times where the channel was broken, but as we know in technical analysis, it is not the initial breakdown that matters, but the follow through price action. As you can see, the follow through price action every single time has lead to almost-immediate reentry to the channel.
I believe that Chainlink is starting the next wave to the top of this channel, a wave that would put Chainlink at ATHs close to the heartline at the middle of the channel. Heading to the top of the channel would put us somewhere in the area of $120 - $ 195.
Note that this is a very long term HODL play, and it is actually too long for my tastes, as I do not HODL Chainlink.
BAT#21: BTC and TESLA due for a correctionTLDR: Markets have been on fire, but we are due a slight correction to keep them from overheating.
LINK : CLOSER LOOKSupport and resistance
Just see price action and then take ur decision
I look forward to the yellow descending line for the first main target
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PS. *** All of my analysis is for scalping method,
Not suitable for coin holders / Investor....
It's my trading diary particulary to practice scalp trading skill.
*** If you follow it please adjust the stop loss at your acceptable risk.
>>>>FYI When I trade I use low leverage and only cut loss
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Feel free to share your thoughts, Trade safe and fun!
