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Chainlinkanalysis

#Chainlink is up 20% in 5 months, will LINK drop below $5.5?Past Performance of Chainlink Chainlink prices have been edging higher after losses of June 2022. As an illustration, the token is up 20 percent from June 202 lows at press time. Despite the confidence, sellers have been resilient and unwinding all attempts of higher highs, per the development in the daily chart. In the days ahead, how prices react, especially at $5.5, would shape the medium to long-term trajectory of LINK. #Chainlink Technical Analysis There are attempts at higher highs in the LINKUSDT price action, visible in the daily chart. At spot rates, LINK prices are steady and within the November 9 bear candlestick. Overall, LINK is within a bear breakout formation, slumping below the multi-week trend line connecting monthly lows from June through to October 2022. The November 8 and 9 bull bars are also engulfing, cementing the preview of sellers. Per the candlestick arrangement in the daily chart, sellers can double down, targeting $5.5 whenever there are weak attempts to retest November 9 highs at $7.8. Buyers will only be in control if there are sharp, high-volume gains above $7.3 and, ideally, $9.3. If not, losses below the current consolidation at $5.5 may see LINK drop to $4.5, even lower. What to Expect from #LINK? LINK bears are in control, taking charge from an effort versus result perspective. The immediate resistance line is $7.3, while the support is $5.5. As bars band along the lower BB, Chainlink might likely register new 2022 lows. Resistance level to watch out for: $7.3 Support Level to watch out for: $5.5 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
#Chainlink Drops 22%, Triple Tops Forms Past Performance of Chainlink Chainlink is down 22 percent from this week's highs as bears wreak havoc. Technically, there is a bearish engulfing bar with high trading volumes pointing to participation and, mostly, the exit of liquidity. As it is, LINK traders can search for entries to dump the token, expecting further losses toward 2022 lows in the short to medium term. #Chainlink Technical Analysis There is a triple top formation in the daily chart. Notably, the November 8 bar is with high volumes and wide-ranging, rejecting gains above Q3 2022 highs at around $9.5. Therefore, since the trend has been developed and fundamental factors support sellers, because fear grips the market, aggressive traders can look to unload with targets at $6.2 and later $5.2—2022 lows as they realign with the primary trend. This was established in H1 2022. Presently, losses that push LINK to print new 2022 lows will be in continuation with early this year's losses. What to Expect from #LINK? Traders are apprehensive and looking for safety. Subsequently, most, as the chart shows, are dumping the coin, contributing to the sell-off. As long as LINK is below $9.5, the token might drop to new 2022 lows. Resistance level to watch out for: $9.5 Support level to watch out for: $6.2 Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
1
#Chainlink in a Bear Flag, LINK Dumps 5% from $8.2Past Performance of Chainlink Chainlink is up roughly 35 percent from 2022 highs, but the token is within a rising wedge, a bear flag, and down five percent on the last trading day. From the performance in the daily chart, LINK bears are in charge. This preview would, however, shift if LINK breaks above $8.2 with expanding trading volumes pointing to changing sentiment. #Chainlink Technical Analysis The primary trend, from a top-down analysis, is southwards. From this angle, the main resistance line is at $9.5, marking August 2022 highs. LINK prices are currently under pressure, dropping five percent on the last trading day. Still, LINK is within the ascending wedge, and there are increasing risks of further liquidations. Losses below $6.6 would favor sellers, and LINK could sink to $6.1, below the support trend line in a bear breakout formation. If Chainlink is to bottom-up and bulls unshackle themselves from sellers, there must be a decisive break, first above $8.2 and later $9.5. In both instances, participation should be high. What to Expect from #LINK? Traders are cautious despite LINK outperforming Bitcoin in the past few trading weeks. Overall, LINK is in a bear flag with clear caps at $8.2 and $6.6 on the lower end. As the token yields to bears, traders can wait for clean breakouts in a welcomed shift of trend (though odds are low) or bear trend continuation towards critical support levels of Q3 2022. Resistance level to watch out for: $8.2 Support level to watch out for: $6.6 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
#Chainlink Prices up 48% in 3 Months, LINK Bulls Target $9.5Past Performance of Chainlink Chainlink prices are inching higher and are relatively resilient versus BTC and ETH. If anything, LINK buyers have had the upper hand over the past three months despite the bearish status of crypto assets in the past ten months. Technically, LINKUSDT is broadly within a bear flag, with the primary resistances at $8.2 and $9.5. #Chainlink Technical Analysis LINK is up roughly 48 percent from 2022 lows, trending inside a bear flag. As Chainlink bulls press on, the immediate support is at last week's lows at $6.6. Conservative traders can wait for a clean breakout above $8.2 before loading the dips, targeting $9.5 as LINK turns the corner, bottoming up. This will be highly likely considering the strong surge of early Asian session that not only quashed bear attempts of September 26 but also forced the coin to this week's highs. On the flip side, if Chainlink bears flow back, forcing the coin below $7, the uptrend will be nullified. In that case, the odds of LINK syncing with the primary bearish trend will also be elevated. What to Expect from #LINK? Buyers are optimistic, but LINK prices must first clear immediate liquidation levels if there should be confirmation of the uptrend. For now, Chainlink bulls stand a chance if prices are held above $7 and $6.1. Meanwhile, if buyers succeed, prices could float to $9.5 as bulls finally shake off sellers. Resistance level to watch out for: $8.2 Support level to watch out for: $7 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
Link in the few channel!🧐The Link is located in several ascending channels in different time frames. which means that to create a strong upward trend, it is necessary that two or three channels are aligned and at the same angle, or price break and pass two price resistances zone in the chart (in different time frames). In short, an upward movement is forecasted for the Link coin, but it is accompanied by small waves (micro descending channels). Chainlink ( LINK ) -------------------------------------------------------------- Please write any advice or suggestions. Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions. Thanks for your attention
by Arknex
Chainlink up 20% from 2022 lows, LINK Breaks out Past Performance of Chainlink Chainlink prices are steady at spot rates, firm, like the rest of the cryptocurrency markets, and up 20 percent from 2022 lows. After plunging 88 percent from May 2021 highs, there are flickers of hope for bulls. Thus far, LINK is stable on the last trading day and breaking out from the bear flag. However, the resilience of bulls will be demonstrated once there is clear thrust above July 16 highs, ideally with expanding trading volumes to signal participation. #Chainlink Technical Analysis From the daily chart, there are encouraging higher highs. With increasing trading volumes, the recovery from $5.5, a multi-week support level, could be the anchor propelling LINK to June 2022 highs in the near term. Thus far, Chainlink is trending above the bear flag following the breakout of July 16. The failure of bulls to follow through on July 17 may present an opportunity for aggressive buyers to double down on every dip today. This bullish preview is valid provided prices are ideally held above $6 and $5.7—or last week's lows. Meanwhile, a firm close above $6.8 may trigger more participants into action, lifting LINK towards $7.5 and later $9.5. What to Expect from #LINK? Buyers are confident, but there must be more confirmation of the end of last week's gains for the upside to take shape. Currently, traders should watch out for how prices will react at immediate liquidation levels at $6.8. Resistance level to watch out for: $6.8 Support level to watch out for: $6 Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
#Chainlink Inside a Bear Flag, Primary Support at $5.5Past Performance of Chainlink Chainlink prices are trending at around 2022 lows, and sellers are still in control. Despite the optimism, LINK prices are within a bear flag with decreasing trading volumes. With LINK stable and up two percent on the last trading day, the short-term trajectory depends on the reaction at $6.8 or $5.5. #Chainlink Technical Analysis LINK prices are within a downtrend and inches away from 2022 lows. The primary support lies at $5.5 and is a critical level that may define the short to medium term. Since LINK bulls have been unable to close above the bear flag and initiate the move up to reverse losses of the first half of June 2022, sellers are still dominant. In the short term, traders can wait for a breakout formation with high trading volumes above $6.8 or $5.5 before entry. A close above the bear flag at $6.8 may see Chainlink prices rally to June 2022 highs of $9.40. Conversely, losses below $5.5 may trigger a sell-off, forcing LINK to new 2022 lows. What to Expect from #LINK? Technical candlestick arrangement favors sellers at spot rates. Prices are currently inside a bear flag with waning upside momentum. So far, Chainlink bulls have been unable to reverse losses of the first half of June. Resistance level to watch out for: $6.8 Support level to watch out for: $5.5 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
1
#Chainlink Recovers, will LINK Bulls Propel Prices above $8?Past Performance of Chainlink Currently, Chainlink prices are steady versus the USDT and BTC. Even though the dominant trend is bearish, there are signs of strength and shifting momentum. Nonetheless, this isn't dismissive of bears. While LINK has added nine percent versus the USDT, the coin is still below the middle BB. At the same time, the push higher is with markedly low trading volumes, with support clear at last week's lows at $6. #Chainlink Technical Analysis Sellers are in the driving seat even if there were encouraging gains over the weekend. The primary support line is at $6. If buyers push higher, ideally above the middle BB and $8, LINK bulls may flow back, reversing the losses of May 11 and 12 as a double bottom formation forms. In that case, the coin may surge to $12 in the medium term as prices bottom up. However, reversals of May 28 and 29 gains below $6 would offer LINK traders more opportunity to ride the bear wave towards $4 as sellers push for new 2022 lows. What to Expect from #LINK? The technical candlestick arrangement in the daily chart suggests the downtrend is slowing down and bears are exhausted. Since prices are still below the middle BB and immediate resistance at $8, bulls have to overcome these lines for clear price definitions. Resistance level to watch out for: $8 Support level to watch out for: $6 [b ]Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
LINKUSD - 15 min watching this line. Market wide.I was just mentioning this to another trader with very nice chart work. He had bitcoin shooting up. But if you look, even if that us where we are headed, you will need a drop down. Think about it like the superhero take off into flight. and superman, the new ones, where he almost pushes into the resisted form of the earth to absorb the energy of force. We need that dip into the pool of belief. I think that will be a main factor in the height of the next leg of consolidation.
COINBASE:LINKUSD
by mindfree
3
LINKUSD 13.36 - still testing - Watching for Break - Seeking 7I like lINK as a project. I am learning this as i go, and it is useful, that it seems i need to continuously recount. It does enable me to find more connections along the way. Im not sure of the social response aspect. But Link is like little digital suit wearing personal assistants. I don't see a reason why this sector would be single chain dominant. Id say it's more like little service companies for value trace and transfer.
COINBASE:LINKUSD
by mindfree
Link Lookig for a Run!!Chainlink has felt the bearish pressure from throughout the market, we came all the way down to about 13.42 at our 0 FIB level but have since made a strong recovery to the upside! We are currently trading inside of a bullish triangle with a forced breakout happening in aprx 3 days, this means if we don't see a breakout in the next couple days we will be forced outside of the triangle in either direction. Looking at our pivot points we saw strong support at the S1 level and our next target is definitely going to be the bullish pivot point, a climb up break and close above this level will give LINK that bullish momentum we need to start making more significant moves to the upside! But first of course we must breakout bullish from this bull triangle, sometimes what happens is we see a false breakout for example a few days of a bearish breakout before then rebounding to the upside, this would be to fakeout traders and the goal would be too liquidate short positions! Looking at our supertrend we notice that we just reversed from a bearish trend into a bullish one, we saw a significant run of red on our recent drop and it looks like we could be in for a nice stretch of bullish movement, very rarely do we see a short 1-2 day period of either red or green on the supertrend, we usually see full moves like we have on the chart right now. Looking at our MACD we are coming up on a potential strong bullish cross, we have had a long period of bearish movement on the MACD with huge separation within the MA's and now it looks like we got the chance to have the same sort of run on the bullish side. What we are looking for here is a strong bullish cross with big separation in the MA's and more importantly a strong push on the histogram into bullish territory, we want to see increased green bars day after day showing the rise in bull momentum, once we start running flat or decreasing the bullish run is likely going to start fading away! Not financial advice just my opinion!
COINBASE:LINKUSDLong
by JacobR905
3
Chainlink Bounce Coming!!?Another coin that i am looking to add more of is my favorite project.. Chainlink, we are coming down towards our 0.2 FIB level and we are given the chance to get a bullish bounce here. We have tons of support underneath of our price action with uptrend support coming in from our previous low, support at our current spot of 24.31$, 20.67$ support and we have strong support coming from the 0.2 FIB level. Looking at the bollinger bands we have more support coming in from our midline, we are currently sitting right above this point and it is important that we hold above and close above to keep this level as support. Also being above this level enables us to make a run for that top bollinger band, and as you all know if we can successfully make the run up to there and close ontop of this band we could be looking at a fast sharp move to the upside, more often than not closing ontop of this band triggers that big move to the upside! Now the MACD isn't looking super great we just had a bearish cross, this isn't 100% confirmed yet as price action could begin to push up and cause another bullish cross, or we could see a short bearish cross with a bullish reversal following soon after. What we don't want to see is a strong move from the MA's pointing down and separating, separation in the MA's makes it harder to trigger a bullish cross, when the ma's are compressed together one day of green price action can trigger a bullish cross, same thing applies when looking at the upside. Another thing we don't want to see is the histogram start to make significantly bigger red bars day after day, this shows an increase in the bearish momentum and can really accelerate the further we move into the bearish MACD cycle. Next very important we have the RSI, reason of why this is important is due to the RSI being directly on the midline, if we can see a bounce here and reversal back upwards we are looking at a very plausible confirmed uptrend and thats exactly what we want, if we break below here and get stuck unable to regain above here we are looking at a confirmed downtrend, so we gotta wait for our daily close tonight before we can confirm anything! Not financial advice just my opinion!
BINANCE:LINKUSDLong
by JacobR905
Link 3D One of the few alts that is growing right nowThe last time we did a LINKUSDT forecast idea was six months ago. Since then, the price has twice tested the level of $34. Today, despite corrections and BTCUSDT pair's update of lows , the price of LINKUSD is headed up. Soon the level of $34 will meet us again from above. Then the last correction to the area of $23-25 is possible before the subsequent break up. This is where the dynamic support channel passes, which has already kept the price from a catastrophic downfall three times already. After a strong fixation of the LINKUSDT price above $34, the way will open for the next growth target to $53. If this trading pair is interesting for you, write about it in comments under the idea, and also write your opinions about the future price of Chainlink token See your interest in the LINK coin, so we will update our thoughts on this trading pair more often. _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
27
LINK Chainlink: Patterns In MotionHello friends, today you can review the technical analysis idea on a 4H linear scale chart for Chainlink (LINKUSD), a cryptocurrency. The chart is self-explanatory. This is a short-term chart with two bullish patterns (Descending Channel and Double Bottom Pattern) showing potential for upside. Though bullish, volume has dropped and Chainlink may be dependent on where Bitcoin and Ethereum are headed as those two cryptos are largest in the space. Additionally Shown: Ichimoku Clouds, RSI (Relative Strength Index), Stochastic RSI (Stoch RSI), Fibonacci Retracement, Support and Resistance Trendline, and Volume. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. As the year is coming to an end and holidays are almost here. I want to wish my friends Happy Holidays and ready for an exciting 2022! What are your thoughts for the coming year? Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
BITFINEX:LINKUSD
by MillionaireEconomics
9
Chainlink Update!Little update from our Chainlink TA yesterday! we are flying outperforming tons of coins all around the market and we are taking out some important levels on the way, we are currently sitting above a key resistance level at aprx 26.5$, the definite goal here is going to be a daily close above this level adding to our already big momentum! Our bollinger bands are looking fantastic as i talked about yesterday, we closed ontop of the top band and in turn our price action has shot straight up, continuing this tonight is going to be big, if we can manage to close our daily again on the top band we could see another day like we are today! We will almost 100% be sending price action right through the important 0.3 FIB retracement level. The squeeze momentum indicator shows us that we are in a clear bullish squeeze and with another increased bar today we are entering the explosive squeeze release portion of this indicator shown by the black crosses turning white, this is the last sort of pump in this indicator before usually fading back down, but even if we do come back down towards the midline we definitely still have the chance to extend the cycle as shown by the previous long drawn out red cycle! In comparison we are not even a quarter of the length the last red cycle lasted, so keep that in mind! Not financial advice just my opinion!
COINBASE:LINKUSDLong
by JacobR905
Chainlink Breakout!!Chainlink has been performing great compared to a lot of coins recently and we have broken out of this bullish triangle with ease, We had a false breakout to the downside which would have crushed a lot of traders. On top of us breaking through this level we also brokethrough a key level that is.. the 0.2FIB level, what im looking for tonight is a second daily close above here to really confirm the bullishness. as far as resistance levels we must breakthrough in the coming days are, the R1 pivot resistance level and also pretty heavy resistance at 26.5$ (USD). Looking at our bollinger bands we are looking very nice and bullish, we have turned the midline into a nice support cushion and our current price action is sitting right ontop of that top bollinger band, if we can get a daily close tonight ontop of this level we could be triggering a bigger scale run upwards, historically when price action closes ontop of the top BB the following price action is explosive and can rise up very fast. Now keep in mind that this all pends on BTC, if bitcoin decides to dump then this TA could be invalidated. The MACD seems to be going on a second bullish stride here, our histogram dipped down and was targeting that midline but our blue MA bounced and we are beginning a second bullish phase. Now this is a prime example of why i stress so much that separation is very important with the MACD, having big separation between the MA's makes it more difficult for a bearish cross, this also allows for some downside and cooloff without triggering a bear cross. What we want to see going into tonights daily close is another rise in our current green bar on the histogram, we wanna see an increase as this shows us a rise in bullish momentum and aswell keeps our structure going for another healthy bullish cycle. Now we are already seeing healthy movement coming from the MA's and we want to see this continue just as we are seeing it now, big separation, and an upwards pointing blue MA! Not financial advice just my opinion!
COINBASE:LINKUSDLong
by JacobR905