Link is down 60% in the last few weeks. At the same time, there have been huge liquidations. There is a lot of volume at the bottom, which is a good signal. It is also worth noting that a trend line has been formed and the price is moving towards it little by little.
A false breakout of $15.3 or a breakout of the trend line would be a good buying opportunity....
💎 LINKUSDT has been rejected by the support zone. The large green candle shows that the bulls can potentially push the price much higher. However, we might see a pullback after the pump
🌐 Tradingview
💵 Invest Only 5% of your Portfolio
🎳 Entry/Pullback now or from 20.61 - 18.67
☕️ TP1 22.79
🍺 TP2 25.40
🍻 TP3 28.04
🍾 TP4 30.97
🍷 TP5 33.85
🍸 TP6 37.00
🍹 TP7
🎁...
LINK is forming a solid pennant that it's been respecting since September of 2020. I believe the earlier pump was simply deviation, and that the real breakout is still coming. A buy at the current price ($20) is further supported by the Stoch RSI, where each time it's bottomed out has been a great opportunity to buy. Based on the fib retracement from the last pump...
If we get the brutal 3 year bear run, these are the levels I plan on buying LINK. Veterans of last bear run would not be shocked if we saw 90-98% drops on major coins, regardless of their fundamentals.
This is my plan - obviously not advising anyone to follow suit. I will however say it is a good idea to have cash handy for these possibilities.
Green -...
Let's see how LINK is behaving.
This is a 1D chart.
Bollinger Bands are expanding while the price pushes down on the lower band. (This is a bearish sign)
The Fib retracement shows that the price has already passed the two main supports and turned them into resistance. (This is another bearish sign)
The market is showing Sell volumes for LINK. (Another bearish...
The Crypto market is now suffering from an intense drop since Bitcoin fell down below 52K level. And now a huge Head and Shoulders pattern formed on the ChainLink weekly chart. The bullish and bearish scenarios depend on the very important key level at $15 - $16. If this support level breaks down the next important level to test will be around $10.6 and in case of...
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.
Write in the comments all your questions and instruments...
- Link is very bullish on the weekly time frame.
- We can spot an ascending channel forming on the weekly timeframe.
- Previous swing high acted as a support + bottom of the channel!
- Profit target is top of the channel.
- If you take a look at RSI we can see, that this oscillator is ready for another pump!
- For expected duration of the trade, probability,...
ChainLink (LINKBTC) can potentially print lower prices.
We have bearish indicators, RSI and MACD, after multiple years of continued bullish action. A broader correction can develop.
Prices are trading below EMA10, EMA21, and EMA50.
The trading volume is super low.
Conditions for change
Moving and closing above 0.0006250 or EMA50 would switch the short-term...
Hello Padawans,
First of all, do not take this as a piece of financial advice.
Nothing to say in this post. I am just waiting and watching.
I have previewed everything in the previous chart analysis.
Let's watch what will happen next.
Cheers.
May the force be with you.
Chainlink hasn't broken its massive multi year parabolic channel there is only one way for chainlink to go , after all the creator of chainlink is the true satoshi.
Fundamentals ( growing and expanding eco system )
This could be next solana, Your portfolio should have LINK , LUNA , RUNE , SUSHI , ATOM, SOL.
Very Good choice and point of entry ( DIP)
Minimum x1 Target. Expect 1 -2 months max for it
