LINK - LongGood luck to everyone! This analysis is for educational purposes only and does not constitute financial advice. Conduct your own analysis before making trading decisions.
LINKUSD trade ideas
$link long After btc etf market is overall bullish , i expect alts to pump . targets of link in chart
Link Intraday 4H, Elliott wave countAfter completed 5 waves up, we are looking lower against 6.507, to complete an ABC correction, wave (2), with possible targets 0.5-0.618 fib retracement.
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Future updates will be posted as updates to this count.
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Good luck!
LINK/USDTI am sure so many people feel left out with the BIST:LINK buzz and missing out on them sweet gains after that accumulation breakout, well I have good news for you, you have a second chance, set alert on that orange diagonal resistance because you can trade the breakout up!
key notes here is, the ascending channel was a signal of a break down!
many faded this, I dont think we will come down to blue support line but if we do, buy!
LINKUSD (4H) - Bearish breakoutHi Traders
LINKUSD (4H Timeframe)
The market is in a downtrend, and we are waiting for an entry signal to go SHORT below the 13.180 support level. Only the upward break of 14.790 would cancel the bearish scenario.
Trade details
Entry: 13.180
Stop loss: 14.790
Take profit 1: 12.200
Take profit 2: 10.600
Score: 6
Strategy: Bearish breakout
LINKUSD (W1): Buy stop at 1.68 for this year!COINBASE:LINKUSD LINKUSD (W1) shows positive signals.
With signs of slight correction after a strong price increase. We can expect a return and stronger growth of Chainlink coin.
Specifically, the signs are shown as follows:
The level of price increase is fast and strong: Increases nearly 200% after 12 candles or 84 days
Volume increases when price is pushed up: Volume is above the 50-session average when price increases sharply
Weak bearish correction: Price is always greater than the Fibonacci retracement level 0.382
So, let's set up a buy order when the price reaches 16.8.
Stop loss at 13.5 and wait to see how far the market will take this currency exchange rate.
Merry Christmas!
Chainlink - bearish back-up scenarioAs back-up & not highly likely IMO
The bearish Chainlink scenario useful to...
1 - find invalidation point as confirmation for bullish investment
2 - be prepared for sudden Crypto panic & fear mode
3 - find good levels to DCA more coins
It was hard not to see the bullish outlook for Link🤣
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Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
Bullish Momentum Points in Chainlink Eyes $25!Recent Surge: LINK price witnesses a substantial 10.67% jump, highlighting an increase in buying pressure.
Rounding Bottom Pattern: The ongoing rally in Chainlink aims to complete a rounding bottom pattern in the weekly chart, a bullish signal for potential trend reversals.
Key Neckline: The neckline of the pattern is positioned at $18.38, marking a pivotal point for the bullish breakout.
Breakout Potential: A successful bullish breakout could propel LINK prices toward the $25 mark.
Market Dynamics: Bitcoin's recent climb to $43K boosts overall market sentiment, benefiting altcoins like Chainlink.
Technical Indicators: The weekly 50 and 200 EMA indicate a golden crossover, a strong bullish signal in LINK's price chart.
DMI Indicator Support: The VI lines in the DMI indicator show a bullish crossover, adding to the positive outlook.
Current Trading Price: LINK trades at $17.27, showing a strong potential to challenge and surpass the $20 level.
Year-to-Date Growth: LINK has seen a substantial 215% gain this year, making it one of the standout performers in the altcoin sector.
Next Levels to Watch: If LINK sustains its upward trajectory, it could challenge the $20 mark and potentially approach the $23 level, aligning with the 38.20% Fibonacci retracement.
Potential Reversal Risks: A reversal below the $17 mark could lead to a retest of lower support levels around $15.
LINK beautiful consolidationFrom first glance the next level looks 25 - 30 dollars to me. We are about to break this range soon.
Im watching twitter and most people are predicting 100 - 150 dolars link, which will align with last bull market tops of some coins that reached around 100B MC, but i think people are underestimating how much money can flow in the market after the ETFs.
Why cant blue chips reach 200 - 300B MC at the top of the cycle if the entire market is worth 7- 8 Trillion? We really dont know how wild things can get.
link usd - still waiting for the shorti am still waiting patiently for the down ward movement to start.
i think i might need to wait for another two to three weeks.
lets wait and see what will happen during the month of January 2024.
next update will be in 4 days and 15 hours, after the weekly close.
The Four Market phasesAccumulation:
Makers accumulate assets before most investors.
Range 6 months and higher after decline.
This phase is usually marked by flat movement.
Accumulation occurs in a gradual manner to avoid significant price changes.
Advancing:
The Market begins to grow upwards. A trend is formed, which gradually attracts more and more new investors,
which subsequently leads to an increase in demand.
As the market moves upward, other investors are encouraged to enter the market.
As a result, the excitement affects more people who want to participate.
During such a period, demand is much higher than supply.
Distribution:
Sellers sell their profitable positions to those who enter the market at a late stage.
As a rule, the distribution phase is marked by a flat movement, which absorbs demand until it is exhausted.
4th stage - Decline
At this stage, supply dominates and the price goes down almost nonstop.
In other words, after a significant portion of stocks are sold, the market begins to move downward.
Eventually, supply becomes much greater than demand, and a downtrend sets in.
Chainlink to 110%Positive technical indicators:
Above 50 (retested) + 200 EMA
Golden cross formation
Bullish flag pattern potentially developing
Further confirmation points:
Increased trading volume
Price holding support above $16
As with all crypto, volatile and rapid price swings are expected. If $16-18 range won't hold, I see a possibility of price dropping to $10, to confirm 200 EMA as support, before moving higher again.
Link Usd ShortStill waiting for the downward movement to take place.
A historical pattern from November / December 2018 might be repeating in real time.
Stops @ 16.70.
Next update is next weekly close.
linkusd looking at the geometry on the day patterns with a possible day rising wedge. link linkusd linkusdt
LINK - Short term LONGWe have a H1 double bottom formed retesting orderblock.
Will update with further comments...
Link Usd - short setupa historical pattern from november 2018 might be repeating now.
my stops @ 16.75 target @ 7.
i will wait for two more weekly closes before updating.
Chainlink Distribution Fractal (Warning) Fractal of Doom It seems that we have formed a distribution topping fractal here in Chainlink , the fractal of doom is back!
Where did i get this fractal from? well its from the 2018 Bitcoin bear market.
This fractal from 2018 all of sudden formed at Bitcoin all time high in 2021.
And now its back! it seemed to have formed here on Chainlink!
Looks very similar! , that higher high to bait everyone in before it rolls over!
My view on why the top is in below.
When I first discovered it January 2022
Double forming, strong support Link is holding strong and forming a double bottom. Next leg higher takes us to the 20s.
Chainlink $LINK test highs?More and more bullish news and adoption of Chainlink. Chart looks primed for an expansion to range highs and 2020 high.
Crypto has been lagging tech stocks. As long as those hold up, and DXY doesn't gigapump, could see some rubberband for crypto (btc to 35k) (alts to 2020 highs)
chainlink daily Purchase on 13.67 start taking profits on 15.03 then 16.5 after take profit on 18 and 18.8.
Après un achat sur 13.67 on peu commencer à prendre des profits sur 15.03 puis 16.5 après on a 18 18.8.
Cryptographic Truth Final Run (Chainlink) (Re-Upload)The fractal continues to play out like the last Chainlink Cycle.
I started to see a bump and run pattern forming, so I went back to 2019 where we are now in the fractal, and we find the same pattern: a textbook bump and run pattern. There is now a very high chance that we will reverse from this point; we just completed the throwback with a double bottom candle pattern.
My position is still open from 14.6 and being added to the long position under 14.
At the moment, LINK is consolidating under the 1/1 Gann Fan, as you can see below.
According to the fractal, we don't get the real break till the 1st of December; it might look something like this.
The condition for this theory on the fractal playing out being invalidated is if Chainlink loses this lower high structure and breaks this red support trendline.
