Possible Double TopPossible Double top for Chainlink here in play, showing signs of reversal and catching up to the rest of the market downtrend. Held strong while breaking out of BTC pair. But imo should see some short term downside.
LNKUSD trade ideas
#LINK if stays above $8 we are going to 9.50 and then $11.00Link seems a good chance to move up. if stays above $8, I am looking at 9.50 and then 11.00 and then 12.25/12.50
link , another (last??) bearish movement link , the largest decentralized oracle isn't passing for his best moment , and the same for crypto in general the technical analysis indicates weakness from the bullish and dominance of the bearish
personally i don't recommend open a futures trade because this is a weekly chart and the volatility didn't let you , is recommended to find the trigger in the daily chart but always management the risk gestion.
LINK is a SLEEPING GIANTThe value potential on LINK is incredible and how could someone not take this opportunity to load up? We are now on the verge of closing above a range that could launch the price to almost 30%. Bullish divergence on the weekly along with all other major timescales as we start to slowly see the tides turning and crypto not following other major markets as they look to be decoupling in some ways….. LINK
LINK SMASHES ALL TARGETSPosted LINK trade a few days back, BUT LINK smashed through all targets and is now looking for blood. OUT PERFORMING EVERYONE. ITS STILL CHEAP TOO.
ChainlinkLink is showing high volume trading and good possibility of repeating a recovery pump to test moving averages similar to what it did last cycle. By looking at particular alt coins such as chainlink we could get a possible outlook as to where bitcoin is also in the cycle and what we might expect to see with the price action.
LINK: positive newsNegative market sentiment continued to shape the financial markets, where the price of LINK was pushed to the downside, to the level of $6.5 at the beginning of the week. Regardless of this drop in the price, the positive news is that the price of the coin soon reverted back to the levels from the end of the previous week. It shows that the market still has positive sentiment for this coin.
RSI was moving between 44 and 55, showing that the market continues to be oriented toward the overbought side, regardless of the modest drop in the price at the beginning of the week. Moving averages are slowing with their convergence, but still they continue to move in this direction. The golden cross is still not in store, but it might be in the future.
During the last three weeks charts are pointing at the long term resistance line at $9.0 for LINK. It still continues, considering that the coin showed that there are not enough selling orders which might push the coin clearly below the $7.0 support line. At the beginning of the week ahead LINK will clearly test $8.0 next resistance, with high probability that it might head further to $9.0 long term resistance.
LINK:USD - 8H, Time to ShortLower highs, lower lows on the 8-hour chart. Looks like crypto wants to break the lows.
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LINK NICE FOLLOW THROUGHLINK had some very nice follow through the past couple days and is now trying to bust out of the supply line and push upwards. No conformation yet regarding a backtest, but if we can do so, $8 comes into the realm of probable outcomes. LINK often decouples from BTC at times, so thats where we could see a attempt to bust out. Link looks more appealing compared to other S Coins
Link Elliott Wave count and trade ideas. Getting the video rig back up and getting used to things again so apologies for some of the audio quirks. Working the issue.
That aside still think some fun Elliott Wave info and some nice potential trade setups and things I am looking out for.
If it inspires you or is helpful, hook me up with a boost, a follow and check out my signature more content. Cheers!
LINK RIPPIN- Wall Street REKT?LINK and crypto making power moves in the moonlight hours. We are seeing a decoupling effect from the normal markets and I’m totally here for it. I actually can’t believe we did the exact opposite compared to the NASDAQ, S&P, ect. It’s almost like this is how it should be……. Hmmmmm. People losing faith in Wall Street? Why would you! Those people want you to make money! They totally have your best interests y’all, do what they say and be led like a heard of cattle to the butcher…. Wake UP.
Sept 22nd - LINK - Possible Long if breaks triangle1D tf
Looking to see if LINK will break the descending trendline
Can enter now at 6.80 - 7.10 area with a SL at 6.18
OR
can wait for price to break and hold at the descending trendline at around resistance at Target 1 (7.622 area)
Target 1 = 7.622 area
Target 2 = 9.530
Target 3 = 12.287
Bullish Gartley on LINK/USDSpotted... a bullish gartley on LINK/USD. Wait for a confirmed reversal. Link is also sporting an inverse head and shoulders, on a higher time frame, for which this current downward movement *may* be a throwback. If so, very bullish on this. Macro factors don't look favorable for risk assets, so that should be strongly considered with this trade.
All you have is 126 daysYou have 126 days to make something of this move after that the big crash will start to unfold. During the covid crash which was the Bitcoin second capitulation event chain link did wick under the channel you see here but never closed under it.
Its possible that for Bitcoins second capitulation event that chainlink will do something similar ,this long term marco support line for chainlink is so strong even the covid crash could not break it and now after everything that has happened this year we have still not closed under it.
This move will be short lived only lasting 126days , once we hit the 4/1 gann fann and the top of the channel chainlink and the rest of the market will roll over and prepare for the second Bitcoin capitulation.
I go over in detail how every cycle we get two crashes , the secret here is knowing that Bitcoin doesn't have major crashes so close together ever , infact Bitcoin only has one major marco event per year and its already happened that was Mid May to Mid June 2022 , the next date is shown in the TA above.
If this did unfold I think 20 dollars(feb 2023) would be the top and link won't see 20 dollars again till mid 2024 , we have a long road of pain ahead before eventually hitting 200 dollars april 2025.
Chainlink (LINKUSD): Very Bearish Outlook
Chainlink broke and closed below a support line of a bearish flag pattern on a daily.
I believe that it may trigger a trend-following move.
Next support on focus will be 6.27
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LINK goes negative ... trust TA !LINK historical moment:
But before here is some history:
"On April 20, 2020, WTI crude contract dropped 306%, or $55.90, for the session, to settle at negative $37.63 a barrel on the New York Mercantile Exchange."
I will accept bitcoin to HODL LINK.
NFA DYOR :)
LINKUSDguess at an accumulation pattern but no idea long term tbhh
depends how eth2.0 travels in the mid term i suppose
90%ish down from ath
long term downtrend line meets accumulation supplyzone soon
see how the reaction is come late sept october i suppose
:)
LINKUSD (4H) Bearish reversalHi Traders
LINKUSD (4H Timeframe)
Waiting for the downward break of 6.98 support level which will complete a bearish trend reversal pattern to go SHORT. Only the upward break of 8.14 would cancel the bearish scenario.
Trade details
Entry: 6.98
Stop loss: 8.14
Take profit 1: 6.28
Take profit 2: 5.54
Score: 7
Strategy: Bearish reversal
LINK: $9 is still a targetPrevious week was marked with a negative market sentiment influenced by the macro fundamentals, still LINK is one of the rare coins on the market that performed within a green territory. The price of the coin started the previous week by reaching its highest level at $8.3 and reverted a bit during the week, down to $7 support line. Still, the coin managed to finish the week by testing the $8 resistance line.
RSI started the week around level 60 and regardless of short move to the down side, it finishes the week at the same level. This clearly shows that the market is still set to the overbought side move. Moving averages of 50 and 200 days continue to slowly converge toward each other, but there is still space between them, so the golden cross is still on hold.
Moves from the previous week are clearly showing that the market continues to have positive sentiment for LINK. In this sense, testing of the $9 long term resistance line has been modestly postponed, but it continues to be a next target for LINK. Charts are pointing to this level, however, it will depend on the general market trend during the following week. Buying orders are predominant on the market for LINK, which supports potential move to the upside. In case that the coin reverts a bit to the down side, there is some probability for $7 support to be tested for one more time.
