LINK ANALYSIS:
LINK is bouncing off a support form the previous ascending triangle, but the declining volume on the bounce shows some weakness within buyers. I think the daily resistance is going to hold a very strong block zone.
There is also a painted divergence on the RSI and Stoch between both highs. This combined with the decreasing volume, AND a small...
LINK has bounced off the support after breaking out of the ascending triangle just as we expected in our last analysis. Despite the whole market having a pullback, LINK/BTC is respecting the support and moving in a predictable ways. This is very bullish for the trading pair, we should be looking for some consolidation at this price range, then move to higher...
Hi All,
Observations:
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For the short term, we see many indicators with bearish signals on the daily.
Price is convergent on the daily... +ve
Price headed for the next fib. level on the Macro channel
MACD has bearish momentum in the shorter time period
No divergences...
Hello Traders
Today I am gonna be doing a quick and simple analyses o Chainlink, here is some points:
We have Reversed with bullish Engulfing candle Pattern on important Support level on Bullish long term trend, and this is all that matters for us to open a long position in this asset.
Our stop loss must be bellow the support in case this is a Bull Trap, our...
Here is my lower timeframe count on Link
🔸 We'll see more bullish momentum IF we reach $3.85.
🔸 Resistances at 3.65 and 3.78
As you can see, I expect lower prices during the next few days.
See ya!
LINK tested $3.8 support zone several times. I think if the downward pressure continues, then next time we can see LINK at $3.5-3.3 zone.
But my ultimate buy, where I placed my bids, is $2.8.
I do not urge to short support - it is better to wait for the fall under $3.8 and short the retest.
Information is just for educational purposes, never financial advice....
Hi there,
this is the first time publishing an idea for me on tradingview.
Im heavily invested in chainlink because of what the network and team are capable of.
Partnerships everywhere, vital to defi, staking not yet live which will push the price parabolic because of collateralization.
If you dont understand this dive into $LINK's tokenomics and read between the...
Hi TradingView world. I thought I would touch base with you all again to show you something quite special. First, I'd like you to take a look at my ZOOMED OUT analysis of Chainlink. This should give you some perspective on the fibonacci retracement and some other historical trends shown on my short term trend analysis.
Link here:
According to my analysis (link...
Triple daily close below 1.618 fib level and weekly open, chainlink should find some support at last daily breaker with already tapped liquidity few days ago. If bitcoin looks for 8keks next week then there is next breaker and previous weekly open level impenetrable together as support imo.
Link is in an ascending triangle. This pattern usually breaks bullish, and Link has been trending bullish for a long time. I expect it to follow the trend and break bullish. The top of the triangle is at around $5, near a psychological resistance and all time high. Right now, Link is hitting the bottom of the triangle as the RSI is cooling off from a large rally....
We're full correction mode now, obviously. We've clearly broken the trend-line that we've held since January 2nd, and are in a nasty downward channel.
RSI shooting down, MACD 1D bearish cross-over, it's correction time.
Been reversal trading the last two days on these bounces, been good, easy plays, clear reversal hammers, predictable resistance areas.
I'm...
