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Chainlink Token (LNK)

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LNKUSD trade ideas

LINK may be breaking up from triangle; nearing daily goldencrossLooking at the weekly chart here to get a better view of this pink triangle’s trendlines. We can’t see on this chart how close the daily charts golden cross is from happening but it appears to be less than a few daily candle closes away from occurring. If this symmetrical triangle confirms its bullish breakout the target is around $11.32- $11.47. Reaching this target would bring price action up out of a much larger triangle that its been in for far longer that has a much larger breakout target to go with it, however we can see the stoch rsi on the weekly chart has ventures into the overbought zone so it increases the odds that when price action first retests this yellow trendline on the way to the target it will encounter it as resistance, same with the descending white trendline as well. The stochrsi is also overextended on the 1 day chart too increasing the probability that price action will encounter resistance along the way to the breakout target that may result in some level of correction. Still always possible it finds a way to break through both of these resistance lines with ease just a lower probability with stoch rsi already in the overextended zone. If it can sustain the breakout and reach its full breakout target then I believe it will sustain the daily chart golden cross and in time trigger the breakout from the much larger triangle pattern as well. *not financial advice*
COINBASE:LINKUSD
by DrDovetail
A REALISTIC APPROACH TO 1000$ LINKHello Everyone, MrBanker is here. I present you with 3 ideas about how the LINK will reach 1000$. First Theory: - A 5 wave move is completed back in May 2021. Which also completed the 1st wave of the bigger degree. - The LINK is now showing a rather complex correction which is also an accumulation zone. - After this correction, we should observe a soaring move into 1000$ which will be only a fraction of the biggest 3rd Wave. Second Theory: - The indicator is especially customized for LINK in a Weekly timeframe. - According to this indicator, LINK had two major tops and four major bottoms. Which also indicates a buy zone for LINK at this moment. - For the LINK to reach 1000$ level, expect at least 1 year long minor bull and bear markets during that period. Which will be eventually shown in the custom made indicator. Third Theory: - Based on a realistic approach, LINK must first break through the ultimate resistance line starting from 2019. - The upcoming CCIP and Staking will be great catalysts for a major pump. Considering that almost every LINK owner is waiting for Staking which will reduce the circulating supply drastically and increase the demand for the token enormously. - By all these combinations of theories, LINK will definitely reach 1000 Dollars but the exact time is uncertain. Trade Safe, MrBanker
COINBASE:LINKUSDLong
by Mr_Banker
4
LINK: Is $8 the next target?Although the previous week was a positive one for the crypto market, still the moves made could be perceived as incremental. LINK was also following that general market sentiment and managed to cross the resistance line at $7, by reaching its highest weekly level at $7,6. Next resistance line at $8 has not been tested on this occasion. RSI was pushed from level of 45 up to 57, which indicates that the market had turned its eye toward the overbought side. Moving average of 200 days is modestly approaching toward its MA50 counterpart, but the golden cross is still far away. Current charts are suggesting an increased probability that the $8.0 resistance line might be tested in the coming days. At this moment there is no indication that this resistance line could be breached to the upside. On the opposite side, there is some probability for the $7.0 support line to be tested for one more time in the week ahead.
COINBASE:LINKUSD
by XBTFX
Link end to end security in mining ⚒ Bullish pennant Chainlink provides reliable tamper-proof inputs and outputs for complex smart contracts on any blockchain. Smart Contracts provide the ability to execute tamper-proof digital agreements, which are considered highly secure and highly reliable. In order to maintain a contract's overall reliability, the inputs, and outputs that the contract relies on also need to be secure. Chainlinks provide a reliable connection to external data, that is provably secure end-to-end. The company was founded in 2014 and based in Grand Cayman, Midland, Cayman Islands
COINBASE:LINKUSDLong
by Traderwell
LINK: time for short reversalFor some time charts were pointing toward a $6.5 short term support line which needed to be tested, and finally, LINK managed to reach this level during the previous week. The coin had to test this level in order to revert shortly back to the upside. LINK started the previous week at level of $7.3, which is the highest level reached during the previous week. RSI tried to reach level of 50, but it soon reverted to the downside and lowest level around 38. The markets are still standing closer to the oversold market side, without a strength to make a breakthrough to the opposite side. Moving average of 50 days continues to move closer to its MA200 counterpart, with a decreasing difference between two lines. This is a positive movement, as it points to some potential for a golden cross to occur in the short future period of time. Current charts are pointing to the $7.0 resistance line, which should be tested in the coming period. Whether this level will be broken to the upside, is unclear at this moment. First it should be taken into account that there are generally decreased trading volumes on the crypto market. Investors are reluctant to enter into position, due to unstable macro fundamentals. On the opposite side, there is lower probability for LINK to test the $6.5 short support line for one more time.
COINBASE:LINKUSD
by XBTFX
LINK: Cycle Bottom in at $4? LINK has crashed more than 90% from ATH, and I think the cycle bottom could be close. LINK could be trading in a 1:1.618 WXY correction with the bottom target being at $4. I wasn't sure how to dissect the past few months of sideways trading except labelling it as a possible wycoff accumulation with a secondary test coming. $4 also happens to be a high volume node on the volume profile. Ideally, I would like to see the Weekly RSI hit oversold territory, before calling a bottom. I don't think SPX has bottomed yet especially with US10Y ripping to the upside. Still have my eyes set on $3,200. Big Tech earnings next week could be the catalyst to start the cascade to the downside.
COINBASE:LINKUSD
by CrashWhen
3
#btcstarburst The world is Moving? ChainlinkThe world is moving… Is chainlink a good buy? Accumulate maybe… Chainlink is tied to many things, during the last Bull Market Link was will on its way to $100-$300…. What is its real value… This remains to be seen In the next ten years when full adoption takes place Link will probably be a BEAST… a minimum of at least $100+ not to mention the staking options. Some say $1000 this could easily be possible so $500 maybe a better shot..this is a study. DCA safely. CHAINLINK NEEDS ITS TURN TO RUN SOME TIME SOON!! LONG TERM…
BINANCE:LINKUSD
by Jonnycatx
LINK Potential Sign of Weakness Between $4.80 and $4.05Hi Everyone! This looks like we could still see a Sign of Weakness in Phase E of Distribution to a price point somewhere between $4.80 and $4.05. However, it may take its time about doing this. We are waiting for "both" Red AND Blue Lines to fall below Yellow Level 50 in the 9-Day and 2-Week time frames to create cause for Stage 1 expansion down. Here is our Short Term Group of time frames: Here is our Near Term Group of time frames: The Blue Line in the 6-Day may still hold us back from seeing a significant move to the downside all of a sudden. Mainly for how far it has yet to move down below Yellow Level 50. The 6-Day is top right of center on this chart. This looks like a slow bleed down due to how much work the Blue Line has to do to get below Yellow Level 50 to create EXPANSION down. I hope this analysis was helpful. Happy Trading and Stay Awesome! David
BINANCE:LINKUSD
by WyckoffMode
5