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LNKUSD trade ideas

Chainlink Roadmap 2022-2024It seems for now we have a bottom to work with , things are starting to become much more clear for Link , we now have this major trendline as Marco support. It's the same trendline that sent links on a massive run up to 20 dollars and now as it stands we seem to be holding it. As you can see from the chart this time fib sequence is unreal , three amazing chainlink events , I try and find these all the time spend hundreds of hours going over link and btc for the golden sequence which I believe i found for bitcoin, its how i saw this capitulation event as early as January 2022. Chain Link Fib Count .0618 - This date is important because it's when Link hit 20 dollars for the first time, it was an important level to hit that resulted in over 140days of consolidation. 1.618 -All time high , yes this fib count lands right up there . 2.618 - This was a major pivot point down for the link which confirmed the bear market because it created its first lower low on the weekly. 3.618- First week of October 2022 , this could be the week Link starts increasing in momentum. 4.618 - This could be the date we get a rejection of the 8/1 gann fann , normally when price approaches 8/1 for the first time there is some sort of rejection or event that occurses and if my theory is correct it will swing down to the bear market lows again , as I go over in other TA's Bitcoin always comes back to create a double bottom before lift off . 5.618 - This is the most important fib count of all because it lines up with many things , first of all the Bitcoin halving event is during this period which for now is May 4th 2024 , we also have this very important LINK/BTC time fib which I have used for years without fail and the next fib time on that is last week of april 2024. The RSI on the weekly on Chainlink has been in a descending wedge pattern for more than one year , once we break this can expect big moves. So expect a major chain link event during March 2024 to April 2024.
COINBASE:LINKUSDLong
by Sporia
9
LINK: Is $8 sustainable?After a month of side trading, LINK finally made its break from the $5-$7 channel. This move was supported by generally increased optimism on the crypto market. However, charts are currently raising a question: how sustainable is the level of $8 for LINK? LINK started the previous week at the $6 support line and made a swift move toward the $7 resistance line. With increased market optimism, this line was breached to the upside, and LINK managed to reach the long term resistance line at $8, where it is finishing the week. Resistance line has been tested, but it has not been breached. RSI was moved to the level of 65, leaving some minor space for the price to go higher until a clear overbought market is reached. Moving averages of 50 and 200 days continue to move as two parallel lines, without indication that the convergence might start soon. Technical analysis is suggesting that LINK will start next week by clear testing of the $8 long term resistance line. In case that the market finds the strength to push the price higher, then the coin might seek the way toward the next resistance at $9.0. On the opposite side, there is high probability for a short term price reversal toward the support line at $7.0 in order to test it for one more time.
COINBASE:LINKUSD
by XBTFX
3
LINK: $7 is currently a hard taskFor over a month, side trading is a dominant way of trading for LINK. Previous week was not different. Coin started the week at level of $6.3 and reached weekly highest level at $7.5, before it slipped back below $7. With the latest moves, the resistance line at $7 has been clearly tested, but the market just didn’t have enough strength to sustain the coin at higher grounds. During the week RSI moved from level 50 up to 59. This is an indication that the market is eyeing the overbought side, however, there is still no market potential for such a move. Moving average of 50 days slowed down significantly its divergence from MA200, however, there is still no indication that convergence might start soon. Current charts are showing that the market is still eyeing the overbought side, which is adding to the probability that $7.0 resistance will be tested one more time in the coming days. Considering highly decreased trading volumes, it could not be said if this level would be clearly breached in the coming days. On the opposite side, the support line stands at $6.0, which might be tested one more time, before the market finally reverts to the upside.
COINBASE:LINKUSD
by XBTFX
LINK: is it time for higher levels, or still not?Side trading continues for LINK third week in a row. During the previous week, the coin managed to move in a range from $5.6 up to $6.57. On a positive side is that during the last four days, buying orders were the dominant one on the market, which might further support the coin in the week ahead. Positive development as of the end of the week was that RSI was pushed modestly above line of 50. This is indication that the market is looking for the path toward the overbought side. With such development, a path to a new resistance level might be open. Moving averages of 50 days stopped its modest divergence from MA200 counterpart and currently they are moving as two parallel lines. Still, there is no indication of a possible convergence toward each other and cross in the coming period. As per technical analysis, there is still space for LINK to test the $7.0 resistance line, which coin did not manage to do during the previous week. As daily trading volumes are decreased, the market still does not have strength for a clear move toward $7.0 and above. However, dominant buying orders are increasing such possibilities. On the opposite side, the support line at $6.0 might be tested for one more time.
COINBASE:LINKUSD
by XBTFX