Chainlink has been performing absolutely incredible over the past month being up 30% and 40% on the week! Even while BTC is down, this truly shows the strength of chainlink and how powerful it can be! We are looking very very bullish as we quickly regained our Long term trend line spanning back from march 2020, we have gone on a beauty run up and now are...
Today we bring to your attention an overview of the LINKUSDT pair and possible scenarios for the future.
After the $53 high, there was a crypto market drain in May, which plummeted the LINK price by -70% to $15.00 . The strait was so strong that the previous high of about $20 didn’t even stop the price drop.
In June 2021, a drop confirmed that there is a group...
Price after colliding with the floor of his channel with
Support has returned to the 20,000 range
And he's trying to break the Fibonacci level, and I have to say
After the failure, wait for the price to be above 24,000 or higher
Close because at that time there is a possibility that the price will go to the middle of the price channel
The trend has been able to successfully break the ceiling of the price channel and up
Fibonacci range taken from previous waves
He still has the ability to defeat the Fibonacci level if he can not fail
Do the price as a correction to fall close to the ceiling of your channel
As expected, the process went well with the resistance
Removed and now from past resistances as a support
We use so we predict the fall to the level of 1.272
And then again we expect the price to do the return and towards
Move forward to the level of 0.50 and get out of the way of the trend
A group of friends who stayed after the defeat of the first district entered
I have to say that the price is returning as
You can consider a correction that falls within the support range
But then move upwards again but
If the support range does not work successfully, the trend will decline
Continues and if the price does not correct and the...
The link breaks a downtrend line and is ready to climb to the above targets.
Currently, due to the increase in the bitcoin range and its movements, all altcoins will be affected by it. The analysis is just a series of probabilities.
I hope you find this analysis useful🌹
Follow for more...
The trend has reached the bottom of the wave channel and also to
It is based on the support we got in the above timeframe
And the price can go up a bit and then again
Continue to fall and wait for the shorts position to break
Be in the support range and make a decision after the pullback
If this area is supported, the price will stabilize...
The channel chain link was broken
And it has reached the Fibonacci range I had specified
And it is being supported and there is a resistance to price
Located with its failure and reaching a price of 18,000
And infiltration into the area can regain its uptrend
The price is twice as demanding after dealing with the support range
It was an upward move but it failed and because it could
To move upwards, a strong green candle should close at the price of 18,750
And then can continue to advance to the canal ceiling
Hello Everyone !
Chainlink is at the end of an ABC in zig zig... Link had already created a triple bottom at 15$.. but the ultimate retracement for this C wave is 11.90$ if 15$ doesn't hold. Thanks and have a great day !
The breakdown of the downward consolidation triangle in the BTC market certainly affected the entire crypto market. However, does this fact mean that a new wave of decline has begun and the cryptocurrency market is facing a new phase of depression?
Looking at the LINK price , we can see that buyers have managed to maintain the liquid range that we wrote about...
If you pay attention to the trend, it tends to fall a lot
But this fall has been prevented by the bottom of the triangle and little by little
It is growing upwards and if you zoom in
Head and shoulders pattern you can see the price of the neckline to
The upper side is broken and forming a pullback on
It is the neckline, you can enter after getting the...
Update for Links inverse head and shoulders pattern, we have smashed through the 0.5 FIB level and now today we are looking to hold this level for our daily close. A close above the 0.5 could send link flying due to us also breaking out of this wedge resistance! This will be a very close daily close for us by the looks of it, so keep your eyes open and watching....
Chainlink is looking great on the 4 HR timeframe and has created an inverse head and shoulders pattern aswell as coming upto the apex point this wedge! This pattern is very bullish and we can expect over the next few days some really nice movement upwards, keep in mind BTC will drag down or push up the market in most cases. We are holding up on this triangular...
As all the crypto market, Link also has recovered strongly after the steep fall.
Although the rise is impressing reaching around 100% I believe this is just a correction to the overall bear market that just has started.
From a technical perspective, 35-36 zone is strong confluence resistance and in this zone I will look for opportunities to sell.
Only Link above...
Link has performed very well after the "bottom" a couple days ago, we are sitting right on the 0.6 Fib level and aswell moved above the 200 day MA! Tonight will be a big close for link i would really like to see us hold this 0.6 Fib and 200 day MA, then i think we got a good chance of moving higher, but right not everything is riding on BTC with the market...