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Linkanalysis

LINK ABOUT TO BLOW!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. Also keep in mind BTC will drag or pump the market depending on where bitcoins price goes. The RSI bounced off the 50. point and we need to see a confirmed break above this to see a full scale uptrend. I think this is very likely in the coming days as we are getting indication from the MACD of Bullish momentum, we see the indicator threw out a buy signal and we are seeing a potential bullish cross of the MA's (Blue ontop of orange) With that we notice a long overdue green bar on the histogram which is bullish. I got a feeling alt coins are mostly all on the verge of a big breakout in the coming days, all indicators and technicals are giving that hint just even comparing the indicators with XRP on my last TA, Big moves ahead guys! Not financial advice just my opinion!
COINBASE:LINKUSDLong
by JacobR905
Link Inverse Head & Shoulders!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 support and i expect price action for the most part to respect this pattern and stick to the support. We could see a break of the 0.5 Fib level, as we have tested it multiple times before. Also we could see a drop to the 0.6 Fib and then see a bounce up but i don't think that is as likely. The RSI bounced off the 50. point line and is now starting to curl back up! We need to see a full break of this level then we can expect very bullish movement with a confirmed uptrend! We see the red MACD lead curling downwards but the blue and orange MA's still arent crossing bearish but that could happen and that ties in with the falling to the 0.6 FIB. We did see a close call with them almost flipping, but held strong and continued up. Overall in the near future im very bullish on the whole market but especially chainlink, ETH and DEFI. Not financial advice just my opinion
COINBASE:LINKUSDLong
by JacobR905
3
Chainlink looking very bullish!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 generally following Bitcoins moves. We found some down slopping support on the RSI and now we're seeing a little bit of a come down right around the oversold area. We gotta see a move up above the 50. point on the RSI to get that confirmed uptrend! Zero Lag MACD looks very bullish with our red lead flying upwards with our blue and orange flipping very recently to bullish, we want to see our Blue MA stay ontop of the orange and start to spread out to really start seeing some bullish momentum!! Not financial advice just my opinion!
COINBASE:LINKUSDLong
by JacobR905
2
Link Ready To Explode!!Chainlink was cruising at ATH's about a week ago and has since been feeling this market correction, good news though Link has found very strong support, both uptrend support and accumulation support. The important thing is Link continues to make higher lows on a longer TF. I am bullish on Link, Defi and altcoins. We also have good support coming from the RSI higher lows aswell, would be very key to see a push above the 50. point like we saw on the second highest low, just below the 50. then we shoot back up. Now saying that remember everyone is watching BTC as the market will follow. The MACD i think is starting to look very bullish with the red lead bottoming out and slowly curving back up, and the blue MA is getting closer to the orange, hoping to see a bullish flip and a big swing up. Also the ascending channel looks very familiar to what we saw April 15 Aprx. Big swing down out of the channel creating a higher low and finding support then to afterwards shoot back up creating a new ATH! Not financial advice just my opinion! Also check out my NFT work on rarible, have a fire artists album cover dropping soon! rarible.com
COINBASE:LINKUSDLong
by JacobR905
1
LINK - 6h. The target of $50 becomes real again!The LINK market reacted quite confidently to the recent outburst of BTCUSDT during February 22-23. In fact, from April 14, the BTC market began a local downward trend . During this time, BTC sellers managed to update local minimums 3 times: April 17 and April 23. However, if on April 17 the LINKUSDT market felt strong turbulence, then on April 23 Chainlink buyers did not allow the price to renew the previous local low of $28.8: In the chart, we can see that LINK looked much stronger in the last week of trading than BTC. Given the steady decline in the dominance and influence of BTC on the cryptocurrency market, this fact is understandable. In our previous global idea, we had two main scenarios for the LINK price movement. Taking into account the behavior of buyers during the recent events in the crypto market, we can conclude that the white scenario (the scenario of the continuation of the LINK price growth to $50 ) is more likely: The critical point of this scenario is in the range of $31.4-32.6. Having lost this range, buyers will also lose the local trend line. In this case, buyers will be forced to retreat to the range of $24-25. At the moment, the price is trying to gain a foothold above the range of $34-35. It is the confident consolidation above this range that will give buyers confidence to continue the growth of the LINKUSD price and test $50 . Given the high probability of another local fall wave in the BTC market, we are in no hurry to buy LINK now. Moreover, after a few days, the monthly candle closes. And at a time like this, there are always surprises. ____________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
20
LINK -6h. Target reached - we are waiting for correctionSince the end of April, the LINK market has revived significantly and has begun to bring only positive emotions for investors. In 2 weeks, buyers managed to raise the LINKUSDT price by 75% and fill the upper trend line of the white channel. We wrote about this growth channel in our previous idea: If you look at our previous idea, you will see that buyers succeeded in testing our target of $50. However, the LINKUSD price started a wave of growth without testing the strength of the range of $40-42 . This range was the range of the previous all-time high, where a lot of liquidity gathered. We can see this in more detail by examining the trades on May 4, when buyers managed to break through this liquid zone: Above the range of $40-42, buyers did not find it easier to push the price up. Sensing strong resistance in the chainlink market, buyers formed a consolidation that continues to this day. In our subjective opinion , this consolidation is more likely to break down to the range of $ 40-42. It is in this zone that we will understand whether there are still ambitions for this coin among buyers and whether there is a chance for a continuation of the growth wave and a repetition of the successful growth of ETH. While BTC's dominance continues to fall , Bitcoin continues to impact the crypto market, especially when it begins to correct. Looking at the BTCUSDT chart, one gets the impression that in the near future we are expecting at least a local wave of falling into the $54,000 range: This scenario increases the likelihood of a local correction in the LINK market and testing buyers for strength. ______________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
19
Chainlink Golden Cross?!!Chainlink continues to perform great against BTC and recently broke through heavy resistance at the 0.3 FIB Level, we are currently underneath this level in a little bit of a cooloff and looking soon to go on another run! What I am most bullish on is the potential Golden Cross of the 50 day MA(Green) and the 200 day (Red), this would be extremely bullish and would be a very good sign of a huge takeoff in price! We are also seeing money starting to flow back into Link after a brief cooldown still a good bit away from the 0.00 point. Overall very bullish on Link one of my favourite projects with a very promising future, Not financial advice just my opinion!
Long
by JacobR905
LINK 1D Ready to grow up to $50 ?A month has passed since the publication of our previous idea of ​​the LINKUSDT pair Our goal for growth in the previous idea was beautiful $44.44, maximum on cryptoexchange, no less beautiful $44.33 It's time to refresh your thoughts. The $32.70 level, which in the previous idea we called critical for the continued growth of the Chainlink token, now serves as a support function. And it looks like he is doing his job good. If in the coming days the LINKUSD price does not consolidate below this level, then we can expect continued growth to $49.80 If LINK buyers lose control of the $32.70 level, then we can expect a continuation of the fall: first to $24.35 , and ultimately to $20 , where the maximum was previously recorded on the chart. _____________________ 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
42
Link, ChainLink - chance to take 25% profit☄️ Look how...Coin touched a resistance line 3 times. Now price makes a wonderful squeezing. I'll enter after the breakout. Don't forget to set stop-loss. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
Long
by Yuriy_Bishko
12
Link ready to keep pushing up!!Chainlink has been following alongside the market mostly ETH and BTC and we had a bit of a correction but we looked primed and ready for a big upswing! We are currently looking to break the 0.3 FIB Level and it would be ideal for us to get a nice close above it tonight! Our zero lag MACD seems like we are about to see a confirmed reversal! our red MA is reversing and now coming back up and i am looking for our blue and orange to get that confirmed flip to bullish! We had a slight downtrend dip on our RSI and we are currently looking to break that 50. point to get the confirmed uptrend! I think LINK is a very solid hold for sure and i believe we are going to see strong upwards movement soon, remember almost every coin is following ETH and BTC so gauge those aswell! NFA just my opinion!
COINBASE:LINKUSDLong
by JacobR905
Chainlink Bull Flag!Link has recently exploded up creating a new ATH and now forming a bull flag. I believe we are only at the start of altseason and there is going to be many more explosive moves to come! We have regained our long term ascending channel to continuing our push up, the EMA ribbons we're getting pressed and condensed recently but are now starting to really open up showing we have lots of bullish momentum! The RSI was slightly overbought but now is coming back down into our neutral zone due to the past 3 days of slightly down sideways action. Last our zero lag MACD has reversed bullish and i expect us to see some upwards movement today or tomorrow! We have a good chance of pushing right through that ATH and into price discovery mode, the ATH resistance is already fairly weak and already has been tested twice! NFA just my opinion
COINBASE:LINKUSDLong
by JacobR905
1
LINK looking for new ATH this week!!!Chainlink has been seeing some very nice movements up the FIB retracement, we currently are sitting in the 0.7 FIB level (1 away from our ATH). Also we are regaining the longer term ascending channel, If we see a daily close for Link above this 0.7 FIB i could see us really take off to test the ATH and ultimately create a new one and enter price discovery! Even if we get dragged below the 0.7 for tonights close I would still have the same opinion just on a little longer timeframe, Altcoin season is just starting! Our Ichimoku cloud has changed and is starting to print some green support. The Zero Lag Macd has crossed bearish but could still reverse, i think if we did see any downwards movement itll be for a day which could be seen as a healthy pullback. NFA just my opinion!
COINBASE:LINKUSDLong
by JacobR905
2
LINK Wedge breakout!!!Link has been showing lots of strength running alongside ETH! We are currently trying to regain the 0.6 FIB level for the daily close tonight and then in the coming days go for that 0.7 level! Also once the 0.7 FIB level is broken we will be reentering the ascending channel. Our MACD looks very bullish showing lots of separation and upwards trend. The RSI is coming down slightly due to price action but we still remain in the uptrend territory and i believe this is just a little cool off! The Rate of Change indicator is very similar to the RSI and confirms we are still in a uptrend and on the ROC we are a greater distance away from that mid line! I think this coming week we could very well see a new ATH for Link we saw ETH recently create a new ATH! NFA just my opinion
COINBASE:LINKUSDLong
by JacobR905
2
Link targets $40 by the end of the monthThe chart suggests that link may need to undergo a minor correction towards the $25 - $26 mark within the pennant. Thereafter the coin may look to $40 - $41 or possibly much higher if altcoin season starts to cause large inflows into the lower market cap coins. The problem with coins like Link is that they can bounce really high very unexpectedly due to the fact that they have a relatively small market cap which allows it to double in 2-4 days. Its unlikely to see that happen in BTC with its current market cap. I don't fully understand the technology behind Link, however, i understand enough to know that it has a big future due to its utility. Long-term price prediction for Link? I have no idea but i don't think that its unreasonable to expect a 4X - 6x rise in price and hopefully a lot more within the next 12 -18 months. I own Link in my speculative portfolio (one of the smaller positions) and i intend on holding it for a long period of time. Its not the price that matters, its the potential utility. Please like and follow for daily posts on various asset classes. Please also share your views on the trading ideas and whether or not you find them to be of any value to you as a trader. Please note that cryptocurrencies are speculative assets which carry a very high degree of risk and any speculation in such assets can result in a complete loss of capital. This idea is shared for educational purposes only and should not result in speculative decisions in any digital asset.
COINBASE:LINKUSDLong
by JesseMorgans
Looking for LINK to breakout!For half a month now link has been trading mostly sideways creating a wedge, we are currently looking good sitting above our 0.3 FIB level and approaching the apex of our wedge. I think links time is coming i believe we will see a big breakout of the wedge to start the journey back up. Our MACD has crossed bullish and doesn't look like we are going to see a reversal as of now. We also want to watch our RSI and it crossing the 50. point line signaling a clear uptrend! we are currently sitting just below this point. The Stoch RSI is looking great we are bullish and only sitting in the middle of the neutral area. I see a lot a people getting upset that link isn't moving much but all you have to do is look at its full chart to realize its one of the most steady growing, also look at the future aspect and realize long term what they are actually doing and providing technology wise, Its truly amazing! NFA just my opinion!
COINBASE:LINKUSDLong
by JacobR905