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Linkchain

LINK/BTC: Imminent Breakout Analysis - 1D, 1HIn this post, I'll be providing an analysis on Chainlink (LINK), shedding light on its daily and hourly chart through technical analysis. Daily Chart Analysis - To begin with, the daily chart is on the left, and the hourly on the right - The daily chart demonstrates that prices are trading within a descending channel, forming lower highs and lower lows - The Relative Strength Index (RSI) is at neutral levels, showing signs of a potential breakout - The Moving Average Convergence Divergence (MACD) is forming a potential death cross, but has not provided confirmation yet - We can interpret the current setup as a consolidation phase of a bullish flag pattern - Should we see prices break through the upper channel resistance, we could potentially expect another leg up to 0.002btc Hourly Chart Analysis - Zooming in on the hourly, we see clearer signs of bullishness - Prices are forming an ascending triangle pattern, in which the tops of the pattern are rejected at 0.000894 btc levels, while higher lows are formed - The RSI is also in an uptrend, forming higher lows as a sign of momentum building up - Based on the ascending triangle pattern, we can count Elliott triangle waves (ABCDE) - This wave count shows that a breakout through the triangle pattern is very imminent - The 100 Simple Moving Average (SMA) on the hourly chart is a good reference of support/resistance zones. You can check out my other analysis on Waves (WAVES) which had a very similar setup: an ascending triangle within a descending parallel channel. Conclusion Chainlink seems like it's headed to retest previous highs as indicators and bullish pattern setups demonstrate potentiality for a breakout. However as always, don't predict the market. Take it by levels, and play by probabilities. If you like this analysis, please make sure to like the post, and follow for more quality content! I would also appreciate it if you could leave a comment below with some original insight.
Long
by Michael_Wang_Official
2
LINK to $20!LINK have been monster lately and it really seems like it is only starting to get going. I am expecting LINK to make the third wave of this Elliot Wave pattern and finish around $20-$24. If the same trend continues, weekend will be the sweetspot for LINK to hit that target. Until that we MIGHT see some correction to ~$10 range. After movement to $20 area, i am expecting typical correction after finishing Elliot Wave, which will be good spot to cumulate some more LINK.
COINBASE:LINKUSDLong
by Em4rk
2
How To Find Perfect Time To Buy Link For the past few months buying when price taps the 21 EMA has been consistently profitable (indicated by blue arrows). Ideally you would buy a 200 EMA tap (indicated by the green arrow). This is a simple way to not get caught in the Link fomo, as it is always dangerous to buy a parabolic move as we're seeing now. The red flag indicates when this trend ends as price falls below the both EMA's. Until then buying taps of these EMA's is a safe way to stack Link. I am personally waiting for price to return to these EMA's to make a long term investment in Link.
COINBASE:LINKUSDLong
by sachu_blessyou