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Linkforecast

Chainlink Ready for Takeoff!!?Taking a look at the king of decentralized oracle networks.. LINK, i noticed we were making some nice progression to the upside from below our 0.2 FIB after breaking out beautifully out of the descending channel, we pushed all the way up and strongly closed above the 0.2 FIB, then as always BTC decided to crash the party (LINK marines joke) none the less Bitcoin has dragged down majority of strong cap coins including ethereum. We are still looking bullish on our daily timeframe here, we are trading inside of a bullish triangle that we have respected all the way through, this pattern historically plays out to the upside hence the bullish triangle name, now keep in mind this pattern can be invalidated if Bitcoin decides to keep falling in turn dragging the market down along with it. We could see this pattern continue to play out over the next week before we reach that apex point but if BTC can settle down i would be confident to say LINK will breakout sooner than a week. the bollinger bands look pretty good we are still in the upper half an the midline is bringing us support right below the bottom of this bull triangle, we almost had multiple closes right ontop of the top band which couldve sent us flying to the upside, but the goal for us now would be too hold this triangle and bounce to the upside where we have that chance of grabbing the top band. On the RSI we are looking a lot better than majority of large cap coins, we had a push up and above the important midline and if BTC didn't drop we would likely be looking at another confirmed uptrend, the good sign is that we are fast approaching the yellow SMA support line where would could definitely see a bounce! The squeeze momentum indicator looks good we are on our 4th increased green bar which points to a bullish squeeze, the only problem here is that it is likely we are going to see a decreased green candle after our daily close, this could invalidate the current bull squeeze but we will still have chance to make an increased green bar the following day, this will be crucial for returning to our bullish squeeze and then eventually the squeeze release which could send price action flying!
COINBASE:LINKUSDLong
by JacobR905
LINK uppdate So so so. Our Link is still in buying zone, and this presents a great opportunity. Remember, it always comes with a risk, so stop loss is always in place (mine at 18 dollars). Link has painted one of the clearest examples of the Elliott Triangle, which is almost always found in wave four correction. Why is this pattern so interesting? Because it has significant market psychology insights, as shown in the chart at point E, which is the climax of the triangle, most of the market participants are exhausted. There is a lot of bearish sentiment, with investors expecting lower prices. However, if the investors would pay attention to the chart and fundamentals, it would realise that FA is still strong and intact with some bullish news coming out, but more importantly, a higher low is in place with dry volume on the selling. This suggest seller are exhausted. Indeed the name of these moves is exhaustion moves. In this case, sellers are exhausted trying to push prices lower, and the buyers are free to step in and move the prices higher with little struggle. You can also appreciate the Elliott wave channel, which gives us the targets for wave 5. TP1 = target constructed from price pattern completion TP2 = major profit taking area with possible top formation from Fibonacci extension with golden ratio TP3 = Final target profit from fibonacci extension 0.618 (most common target for end of wave 5). It is little to say that momentum indicators all flags LINK as oversold with few bullish divergences forming. The fact that it feels uncomfortable to buy in this area with a lot of negativity reinforces the bullish hypothesis. The best trades are in painful emotional states in the market (extreme fear and extreme greed). P.S. I bought some link to my GF for XMAS. FOLLOW ME, SHARE, LIKE AND COMMENT
Long
by CFcryptoTA
3
LINK very attractive Link is sitting on the 200MA support, and I believe it should start the next leg up now. It has just concluded a minor wave 1 of intermediate wave3. The most volatile leg is about to come. If there is any dip here (unlikely), the target is 23.76 and will be a huge buy opportunity as it will be right on a 2 years support trendline. Nevertheless, the next leg after this current correction will be a powerful move With different targets, as you can see here. Down on the right, you can see how market and wave cycles move, as I know some of you may think, oh, but you said 200 dollars next leg. However, when I give you a target, those are not reached straight away. But instead, it takes time and price volatility in between.
Long
by CFcryptoTA
11
Chainlink Ready For a Breakout!!Chainlink has been moving to the upside very solid since late september, we have been respecting for the most part this ascending channel and we are now looking like we are ready for a breakout of this bullish triangle, we are pushing slightly above the top of the triangle which is also the 0.5 FIB level, a daily close above here will be very bullish for LINK and will likely lead to some big bull momentum and also opens the door for the 0.6 FIB level at aprx 38$ (USD) Another thing to realize is that if we do successfully breakout of this bull triangle and the 0.5 FIB price action will be landing ontop of the top band coming from the bollinger bands, and this will add a tremendous amount of bullish momentum, especially if we could grab onto that top band and take it for a nice ride to the upside. if this plays out we will surely push upto that 0.6 FIB in no time, plus we shouldn't have a hard time shredding through this level. Next up the MACD we have gotten a very nice bounce after what most people wouldv'e expected to be a bearish cross! We could be setting up to go on another bullish cycle on the MACD, we are already seeing some positives here, the Blue MA is ticking to the upside while the orange stays pretty stagnant, we want to see this continue with us spreading out more and more lessening that chance of a bear cross, aswell on the histogram we are seeing a nice daily green bar with a pretty good growth start, we gotta see this continue making bigger bars each day increasing the bull momentum, if we dont see these increases a bear cross is likely. Now the RMI, this indicator signals reversals (potential), we were seeing a down trailing blue MA looking like we were going to see a bearish reversal but just like the MACD we saw a much needed bounce and now the Blue is ticking to the upside moving away from the orange which is key, also keep in mind we could see a short term reversal once we start running up just allowing for some cooldown which is never a bad thing! Not financial advice just my opinion!
COINBASE:LINKUSDLong
by JacobR905
Link Looking for a Breakout!!Chainlink has been starting to push up once again off of our lows at almost 21$(USD) we are seeing a strong push upwards within a bullish triangle and we are seeing a strong hold on our bottom support of this triangle. Slightly above the top side of the bullish triangle we have been getting rejected off of the pivot point, we have had a total of 10 wicks and touches on this level and hopefully we can see some volume soon and see a final push above here. Regaining the pivot point is absolutely key for LINK like in the name it is a reversal point where we would likely see a nice rally off of, I think this outcome is pretty likely and due to the fact that we are currently in a bullish triangle which historically plays out to the upside so if we do see a break to the upside it could be an explosive one! Now keep in mind with BTC dominance still rising Bitcoin could ruin the party once again for the altcoins so that is always something to keep a close eye on! Looking at the bollinger bands we are sitting directly ontop of the midline which is currently support, and we definitely want to see a hold above here for daily close tonight and keep this level as support, the last thing we need is heavy resistance just above the bottom of the triangle. Checking out the RSI we are currently right on the midline and we are looking for a bounce here, we want to stay above this level not just because it keeps support but being above the midline confirms we are in or staying in an uptrend. If by chance we do break below here we have uptrend support coming from previous bottoms and there is a high chance we would see a nice bounce off of here, likely sending us back above the midline to hold onto this uptrend! Like i said before we always have to be mindful of BTC and what Bitcoin is doing because as you guys know if BTC takes a little fall the rest of the market for a majority follows, same thing if we see BTC dominance push higher we could also see the altcoins bleed a bit, but if we see BTC.D fall we can expect altcoins to start to breakout! Not financial advice just my opinion!!
COINBASE:LINKUSDLong
by JacobR905
1
Link 1D Global forecast for several months, but must be read)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 of buyers willing to buy LINK at $15.00. In recent days, sellers pushed the price of LINKUSD below $15.00 to $13.50, but this happened on weak volumes. That is, the stops of those who gained $15.00 were not affected. Or at $15 was bought by investors who enter the position with a grid from strong levels and without stops, with expectations that there is a strong growth ahead? For this assumption to be confirmed, buyers should not let the price drop below $12-13. It is there that the intersection of a strong level and a dynamic channel is located, from which, according to history, growth began earlier. The growth path can be of two types: 1) Recoilless (white) with top target about $34 2) With corrections (blue): $13 — ($18.5-19.50) — $14 — ($24.50-26) Here it will be necessary to follow the market, what dynamics it will move If the BTC price continues to drop below $28,000, then it is very doubtful that the Linkchain token price will be kept in the $ 12-13 zone. Below this zone, the target for long buying is $8.20-8.80 _______________________________ 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
37
LINKBTC Inverted Head and Shoulders!!Taking a look at chainlink BTC and noticed a very valid inverted head and shoulders pattern which is bullish! we are looking at a couple key areas here being the top of the shoulders and the 0.2 FIB, we are looking for something similar to my path drawing a push above and a retest is necessary before we can really start moving up. Now if this plays out we will have to look out for the 0.2 FIB resistance level we definitely should have enough momentum to cut through here but i would like to see a confirmed close above the 0.2 FIB. The RSI is starting to curl downwards but isnt in the overbought zone, but aslong as we stay above the midline we can be considered in a confirmed uptrend, now the stoch RSI on the other hand just had a bullish cross and we are now pushing to the upside so that means, theres for sure a chance we see the RSI do the same, along with price action. MACD aswell had a very bullish bounce of the orange MA in a what looked like a bearish cross, definitely seeing momentum here and the histogram looks very nice, each bar on this new green cycle is increasing in size day by day showing more and more bullish momentum, with no current sign of slowing down. Not financial advice just my opinion!
Long
by JacobR905
LINK READY TO EXPLODE!!!Chainlink has been showing tons of strength recently outperforming tons of projects and we have taken out some key levels that we're very needed, before we jump into this always remember BTC is a huge factor when it comes to the rest of the market and can easily void this TA. First looking at the pivot points as you can see we have sliced right through R1 resistance and the 0.3 FIB level, a close above both of these levels would be absolutely key for us and would give a lot of momentum to the bulls. Next looking at the SMA's, we have crossed a very very important level which is the purple 200 day SMA which is the most powerful and slowest mover, a close above here will add to all this bullish momentum and we will no longer have any SMA resistance and they will all be support levels which is key for our overall structure and for cushions when we start to run up hard. Now the bollinger bands are looking super bullish we notice our current price action is hugging the top band and if we see this continue you guys know what the likely outcome is... a huge run up most likely to that 0.5 FIB level, also the higher we push on the bollinger bands the higher our midline support level will become, a very key and ideal situation would be for our midline to come up all the way above the 100 day SMA, 200 day SMA,R1 resistance and finally the 0.3 FIB level, this will be key due to the fact that the bollinger band midline will be another cushion of support for us, and i don't think this is far off because of how grouped together all these key levels are. Overall what im looking for here is a close above the r1 resistance, 200 day SMA and the 0.3 FIB, if all of these confirm close above we are looking extremely bullish, also watching those bollinger bands and the run up on that top band. Not financial advice just my opinion!
COINBASE:LINKUSDLong
by JacobR905
LINK READY FOR A HUGE RUN!Chaiinlink has been pretty on par with ethereum recently both showing their great strength, if we close today as a green candle we will have 15 green candles in a row which is pretty incredible! Thats over 2 weeks, we are currently getting stuck on the previous pivot point to the left side, we have passed the pivot point below and we have continued to hold the 0.2 FIB level! Looking at the EMA ribbons which i gotta say are very slow movers but however, we are now starting to see the ribbons starting to twist which is good in our case, they are currently bearish and we want to see the green ribbons flip all the way to on top, that way we are going to full have bullish momentum, i feel like we may see the EMA ribbons fully flip when the crypto market is overall back in the bull cycle. The wavetrend oscillator is almost in the sell zone which means we could see a bit of a cool off soon in the coming days, i think we are going to see a little bit of a cooloff i gotta say, it is pretty due, doesn't have to be a big one at all we could just see a day or two of sideways movement, the most i can see us going back to test is the pivot point below us but i think a test of the 0.2 FIB is also likely before we again start to climb upwards, very bullish on link short term and especially long term! Not financial advice just my opinion!
COINBASE:LINKUSD
by JacobR905
Link on Fire!!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 currently looking at 0.2 FIB resistance. If we can get a daily close above here tonight that would look incredibly bullish, but even if we don't we look great! Looking at the pivot points, this is huge we blew past the bullish pivot point which can give us an overall trend reversal to the upside, we need to hold this pivot point for daily close which i would say is an easy bet. Keeping this level is overall bullish for chainlink longer term. Checking out the bollinger bands we saw a big run up along the top of the bands which as i always say is super bullish, we could be due for a little cooloff for a day or so but i think even after that we could see price action start to hop back on that top band and continue our strides upwards, The key here is that we have midline support on the bollinger bands but once we start going up again we get that midline above the bullish pivot point which woud give us that added layer of "protection". Now the RSI does look very great but we have entered the overbought zone so we could be due for a little pullback, but what interests me even more is that we have sliced right through that midline of the RSI, and that is huge because if we continue to hold it we will be in a confirmed uptrend, and since we have been in a downtrend since may i think we are due for a longer spanning confirmed uptrend, but remember holding that middle line is absolutely key! Not financial advice just my opinion!
COINBASE:LINKUSDLong
by JacobR905
4
Chainlink (LINK) - 4h. The target of $40-41 remains relevantThe 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 in the previous idea: As you can see, the LINKUSDT price has already bounced twice from the liquid range of $22-24. In addition, sellers have already tested this range at low volumes twice. These facts give us information that: - consolidation on the LINKUSD market is not complete - a new local wave of growth should be expected with the target of $30-31. However, if you look at the LINKBTC price chart, you can see a great growth prospect: Please note that sellers do not try to push the price down at all on the 3-day timeframe. This is clearly seen in the low trading volumes. Given Chainlink's low selling interest and buyers' control of important price zones, the range of $30-31 will be the first target for buyers. The global target is at $40 ____________________________ 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
24
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
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 -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