A trend line has formed on the LINK chart. It is worth pointing out that the price has made re-low its lows several times. And a big volume appeared on the bottom. This is a good signal for the continuation of growth. In case of a breakout of the trendline, there could be a good buying opportunity.
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Hello everyone !
Today the Black Cat Trader is analyzing LINK on a weekly chart.
What we can see :
- Using the « trend-based Fib Extension » on the last four impulsive waves, we can see that each ATH tops at minimum into the « 1.618 fib extension » (during the waves 2 and 3, prices top at level « 3.618 »)
- Using the pitchfork, we can identify a strong...
It is not very bling bling from the cryptocurrency ChainLink - so far! We expect that the ongoing correction will continue to stretch out all the way down to the yellow area between $11.64 - $6.14. This, however, would mean a great entry chance, since we expect the course to make significant gains from there. Only a premature rise above $38.65 would bring a...
Sometime in the next 20 days Chainlink will have its big move and start its final leg up to 200 dollars, right now price is coming in a squeeze ,its hard to see if your not looking at it using Gann Fan but its there price needs to pop in a direction and my call is we going up sometime mid November.
This trendlline has been holding chainlink up for 105 days but...
SOO, the whales are booking NET BUY for the last few weeks during the market drops,, that means we should buy too !
BUY WHEN PEOPLE ARE SCARED
SELL WHEN PEOPLE ARE GREEDY '
thats the only thing u should know about market
A bearish scenario for LINKUSD, identifying the head and shoulders pattern that can be drawn on this chart.
The bars pattern placed is very speculative
Long term I really think LINKUSD will increase. This is more of a short term scenario.
This is the opposing scenario, in which...
The last couple of days the cryptocurrency market has been experiencing very strong swings in one direction and the other.
It's worth keeping in mind that a lot depends on bitcoin's behaviour right now.
LINK is sandwiched between the $30.6 and $28 levels. A squeeze near the mirror level could result in a breakout and a fall to the lower marked area.
In case the...
BINANCE:LINKUSDT has retraced down to a strong support level and expecting to make an increase to the 0.618 fib level which would amount a 27% profit, as shown on the chart.
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LINK USDT TECHNICAL ANALYSIS DAILY CHART.
Possible reversal or buy zone is $25 (WICK TIP) TO $26.
Breakout and retest at the previous trendline resistance that could possible turn into a support.
Support trendline at the bottom (blue line).
$77 target is based on fib 1.618
MY TOP PICK FOR Q1 2022 IS LINK with 100% potential upside
Chainlink looks to be an important technology as cryptocurrencies continue to evolve. Having an oracle such as Chainlink in place will be key to the long-term stability and viability of cryptocurrency in general. Thus, LINK may be a sound investment if you believe Chainlink will become the industry...
Hello all. looking at chainlink on a daily timeframe we have two patterns that are primed to play out in a very short time. first pattern is the ascending triangle which is a bullish pattern. The breakout for this pattern will put link at $48. Second, the cup and handle pattern gives us two possible breakout targets target 1 $40 and target two $48. both ascending...
LINK has been holding the 31$ since last idea, which was a point of entry for going long.
Now prices are trying to break the resistance area, if not already on the market i would wait and see and look for:
1) A retest of 31$ area to go long on pullback
2) Wait for a break of 37$ and go long on intraday pullback at around 34$ to 35$.
For now, if you are...