LINKUSD is having the strongest 1D candle of the year, turning the 1D time-frame technically overbought (RSI = 73.130, MACD = 0.370, ADX = 25.207). This rise may have taken the price above both the 1D MA50 and 1D MA200 but just hit the top of the 8 month Channel Down. Technically that is a sell signal, targeting the bottom of the High Variance Belt (TP =...
Chainlink holders have been in pain ever since May 2021 (the point where I sold around $48) but luckily after hard times, the strong survive and good times are coming. We tapped the last imbalance and the 6.18 as a macro support which lines up perfectly with the spring phase in the Wyckoff accumulation scheme. To me it looks like we will exit this sideways chop by...
LINKUSDT has been heading for weekly resistance and has now come very close to it. This resistance has been tested several times and every time the price comes to test it, the probability of the price breaking it increases. Anyways, even if it has to break it, some retrace should be expected. Therefore, a long might not be favorable here. It should be favorable...
The possibility of 450% growth for Link currency can be close. The currency is about to try its luck to break this range once again as it nears its 840-day downtrend, a failure that would allow the currency to gain more than 400%. But how likely is this possible? Where is secure login? What is the entry requirement? What should be done now?
To date, we have come to another opportunity for market growth. The second half of the year, after an intense struggle, opened above 1900, which gives support and opportunities for 2250-2500 test attempts. The continuation of the trend in a row from the first numbers was disrupted by the drawdown of the euro, which I warned about, because quite strong pullback...
The initial significant level of resistance lies in the vicinity of $7.342. A definitive breakthrough above this threshold has the potential to initiate a fresh upward movement towards the $7.500 and $7.893 levels. Subsequently, the next prominent resistance level emerges around $8.000, surpassing which the price may revisit $8.800. In the event that Chainlink's...
Hello, Community! Let's continue analyze altcoins using the SmartBot algorithm. While Bitcoin is staying at the same price and it's trading is so boring and not a profitable, BIST:LINK is showing us some interesting opportunities. If we set up the strategy start period at the beginning of July we can see that SmartBot has created the previous base and...
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ChainLink (LINK) technical analysis: Trade setup : Trends are improving. Price has bounced up from oversold levels (RSI < 30) near $5.00 support zone and above $6.00 resistance. However, it needs to break above 200-day moving average (~$6.70) to confirm trend reversal. Trend : Uptrend on Short-Term basis, Neutral on Medium-Term basis and Downtrend on...
LINK is forming a head and shoulders bottom, on a daily timeframe, if this turs out to be legit, it could give a pump of at least 15% targets are weekly 12EMA and 21EMA
Here's your weekly update ! Brought to you each weekend with years of track-record history.. Don't forget to hit the like/follow button if you feel like this post deserves it ;) That's the best way to support me and help pushing this content to other users. Kindly, Phil
A close-up view, and if we want to imagine a support level for higher price penetration in the 4-hour period, three green lines are appropriate.
In the daily time, the possibility of such a movement can be imagined for it. Considering the strong resistance that exists in this time, I expect a price correction in the lower time for it.
In the weekly timeframe, if we consider a hypothetical channel for this move, the midline of the channel can be considered as a support that can move the price towards the three red lines in the first step, where, in If it does not face serious resistance, you can consider the roof of the channel with red targets
Considering that in the monthly time, the downward trend has started and continues, if it breaks 5.324, it is possible to check the price in the two green lines.
Since June2022 chainlink is in accumulation bearish zone. The Resistance(S.Chart) has been tested 5 times, where the sellers pushed down the market,with increased bearish volumes. A break down oof the channel has more probablitiy as the bearish volume in the southern areas is increasing(I have marked them for you with red arrows) The market collapsed after the...
Here's your weekly update ! Brought to you each weekend with years of track-record history.. Don't forget to hit the like/follow button if you feel like this post deserves it ;) That's the best way to support me and help pushing this content to other users. Kindly, Phil
Hello Crypto Lovers, This is a 1D frame analysis for LINKUSDT As you can see, the price has been able to move above its support line and we expect the price to form an inverted cup and handle pattern and after completing the handle, it can bring itself to the first resistance zone. However, if it drops below the first support line completely, we expect a further...