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LNKUSD trade ideas

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.
COINBASE:LINKUSDLong
by mithril_web3
8
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 . 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 . Feel free to share your thoughts, Trade safe and fun!
BINANCE:LINKUSD
by baby_rhino
45% drop coming for Link? None's readyYeah, I am a Link bull but I would be a poor trader if didn't consider the possibilities and didn't allow for the chart to show me what it could be doing. My theory is that Link could be in a descending channel with a bottom back at Dec 2020 bottoms at about $8.60. I could see Link starting to tank over the next two to three weeks. And then around mid April see a turnaround that will break us pass descending line of resistance (yellow) retesting the bottom line of support/now turned resistance (orange). The measured breakout of the descending channel puts us exactly at the orange line of resistance. The money flow index is topped out on the daily and showing hidden bearish divergence. The Stochastic RSI looks like it put a double top on the daily and is now curving down. Ofcourse, it could all be invalidated. If we break out of this channel comeback to test as support and bounce then its invalidated and were most likely heading higher. But I just wanted to show you what I'm seeing.
COINBASE:LINKUSD
by CryptoNCoffee
6
LINKUSD - Another Wedge Upside Breakout! Will It Reach Fib .618?If Chainlink retraces to Fib level .618 as it did last time it broke out of a similar descending wedge, it will get to the $28 range in April / May. Regardless, Chainlink has clearly shown us a break to the upside and it's time to run! Will it outpace BTC as detailed in my previous chart... we have yet to find out. Holding on for now and watching both charts for the next move, either hold the Link a bit longer or swap for BTC if it breaks down under .00032 BTC per LINK. Good Luck and Enjoy.
COINBASE:LINKUSDLong
by funtimes
LINK/USDTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice. Link to previous chart: If you press play on the previous chart, you can see that we went lower and a new impulse trend did not start. We were still correcting and finishing up the C wave with the false breakout on the B. On the current chart we've either found the bottom or have one more leg down. The support and resistance lines are mapped out and the thicker lines mean there's either heavy resistance or support there. Currently we're having trouble getting above this resistance line, the EMA's are starting to curl up though, if we can manage to stay above it then I believe the next impulse wave can start for the bigger wave (3) cycle. This area is key levels for accumulation zone so no idea how long we will stay here. The white squiggly line is the line we'd all hate to see lol. Either way, price targets should be reached, just a longer route to it.
COINBASE:LINKUSD
by AyoKu
1
LINKUSD 3D CHART As I mentioned in the title, I am waiting for wave 5 but first we need to complete wave 4 satisfactorily. The 4th wave may end in the wide range indicated by the white circle. After all, we are looking at the high time frame and it is not possible to predict the price exactly. After wave 4 is complete, we will wait for wave 5 as the last wave of impulsive uptrend. I position the target given to me by the Fibonacci ratios as the 5th wave. I think the count is satisfactory. The only problem would be that LINK's previous price movements were not on our chart. This is the oldest chart I could find and I think it's valid.
COINBASE:LINKUSD
by Lorne_Malvoo
LINK surges to $15.The Chainlink price analysis is bullish today as the price took an upwards turn surprisingly after breaking downwards today. The price function has been headed upwards for the last 16 hours, continuously marking bullish supremacy. LINK price has recovered up to $15 level, and soon link will be reattempting $15.3 crucial resistance. Overall the last week proved significant for the buyers as the price action has been upwards mostly. Today bulls have successfully crossed above yesterday’s resistance of $14.5, and now bulls are marching towards their next target of $15.3. The 1-day price chart for Chainlink price analysis shows bulls have recovered the price level up to $15, as the cryptocurrency is trading hands at $14.95 at the time of writing. The LINK/USD shows an increase in price value by 3.8 percent over the last 24 hours and also reports an increase in price value by 14.8 percent over the past week as the trend has been upwards during the week. On the other hand, the trading volume has decreased by 16.6 percent, but the market cap has improved by four percent in the last 24 hours. The volatility is high, and the average line of the volatility indicator is forming at $13.9, representing support for the LINK/USD pair. The upper value of the indicator is at the $15.6 level representing resistance for the coin’s price, and the lower value is at the $12.1 level. The Relative Strength Index score has also improved, and the RSI, after climbing up, is now trading at index 54, indicating the buying activity in the market. The Chainlink price analysis suggests the bullish momentum has been quite steady, but as bulls have been in the lead for the last 16 hours and the price is in the lower price range, bulls might be exhausted now as the RSI curve is also flattening up on the 4-hour chart. So we expect LINK to start retracement shortly before breaking above $15.3 in the later hours of today’s trading session.
COINBASE:LINKUSD
by AxiomEx