LINK has done has completed the impulse wave within golden ratio 1.168 Fib at 4th wave.
The correction wave has been lasting quite long time, maybe it'll be done at $8.5.
Golden Ratio on the correction wave:
Wave W = 1.618 Wave Y
So, we have target of wave Y at around $9.
We can consider to buy LINK when it hit that point.
Wait and see
This is not a 1 hour chart. Not a 4h chart.
This is a weekly chart.
I see an important bullrun for all 2022 for chainlink. Maybe chainlink could be the new BNB or solana.
Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this LINK/USDT update. LINK looks very strong here and currently trading near the strong support zone. Chainlink is a decentralized oracle network that provides support to advance smart contracts on any blockchain.
You can buy some LINK near the support and hold...
Good day all, it's been a while since I dived so deep into the charts but to me it's all becoming a lot clearer which way we could go in the coming weeks/months. There could be great opportunities to make some really good investments in the BIG caps again.
Small explanation for Chainlink we are currently in a descending channel, yes we can still go up a few...
Chainlink ( LINKUSD ) pulled back violently along with the rest of the crypto space on December 3-4. While some cryptos had their bullish setups destroyed and others were left relatively unscathed, LINK falls in between. While the nested very bullish PURPLE 1-2,i-ii setup that we had got invalidated with the break of the 20.83 low that we had with what WAS the...
Descending wedge with support established at $19.50.
$LINK culmination point within next 5 days... expected breakout to upside as the current price is at the bottom of its long-term channel.
The current CoinMarketCap ranking is #21, with a market cap of just $10,000,000,000 USD.
We all remember famous chainlink run from 0.5$ to 50$, but after it LINK enter into long consolidation.
Considering CMC ranking and M.Cap od just 10 Billion (for example, at the same time DOGE is at 22 Billion) LINK should reach 50 Billion at least in Q1-Q2 next year.
Price...
#LINK/USDT
$LINK broke out descending resistance zone, and $33.54 rejected the price, price dropped to support zone and confirmed the broken resistance as support.
break out from ascending resistance can increase price to resistance zone and in long term it can reach $70.
break down from current support will drop price to $7.
Hello friends, as many of you know, I enjoy writing an in-depth analysis along with my chart. Though I want to do that with every chart I show, I don't have the chance to show more charts as it takes time writing out the analysis. So moving forward, you will see me mix up the charts with in-depth analysis as well as short analysis. I hope you understand and...
We can see on the weekly chart that LINKUSD has formed a symmetrical triangle(bullish) with an ascending head and shoudlers pattern inside it(bearish). When we take a measured move o each patterns potential breakout target we can see that the bullish symmetrical triangle pattern has a breakout target of around $75 or so (depending where it breaks up from the...
Appealing price ranges for long-term investment and HODL in #LINK : 17$ - 24$
Important support and resistance ranges are marked on the chart and everything is clear ... Anyway, wherever the chart was vague for you, Jus ask .
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman...
CMP 22.26
R1 is the strong Resistance, if breaks then strong Bullish trend will continue,
Buy at 21.80-21.72 (near to trend line) 21.5 is the STOP-LOSS
SELL below S1 and Trendline.
CHAINLINK
LINK 1H support is at ~$20
Enter 50% here
and try to set some buy orders near the support zone
If LINK holds above the trendline,
the Take-Profit target would be $24, $26, and $28
Cheers
Hey guys I have been keeping this chart to myself for awhile unsure if it was going to play out, but now it is just remarkable how similar this fractal is to current price action.
The fractal is links run from December '18 to July '19. With out BTC's current correction this fractal would have been perfection.
I would not be surprised to still see this play...
Link close above green line and I will be long. H4 looks good on RSI breakout and OBV getting closer to breakout also. 10-20% move potential on this trade.
Horizontals > Diagonals, but good to use together to help support your thesis of a trend reversal.
Diagonal and horizontal S/R break is strong but if only using one, use Horizontals.
See this chart as an example as to why Diagonal breaks can fail you...
If you bought the breakout at the close above diagonal, where do you put your stop? below the trend line?...
Chainlink´s 5 tasks on the daily chart...
1. break the 200 SMA
2. break the MA Ribbon and turn it bullish
3. break the volume resistance
4. break the 50 SMA
5. gain more strength on RSI 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison.
*no financial advice
do your own research before investing
