🔍Today, we're analyzing LINK in the daily time frame. After reaching a peak at 20.623, we experienced several fakeouts, and now we've retraced to around 13. This level has acted as a strong support, preventing further downside movement.
📈🛒Currently, we're seeing a strong buying candle, indicating a potential entry point for buyers. Moving forward, let's consider...
Chainlink is next on our watchlist, with a nice potential to form a H&S pattern.
While the coin has dumped greatly here, we see a good chance of recovery (smaller) and then, of course, a breakdown of that neckline zone right there!
There is also a chance to see a movement to lower zones from the current zone, so keep an eye!
Swallow Team
The cryptocurrency market has evolved significantly over the past decade, moving beyond its initial focus on digital currencies to encompass a broader range of assets, including real-world assets (RWAs). RWAs represent tangible assets such as real estate, commodities, and financial instruments that are tokenized and traded on the blockchain. The integration of...
link looks weird. one of the strongest movers seince last sept, but looking kinda weak here.
if we fall back into the range, i don't see any reason why we shouldn't retest the former range high.
plenty of better plays out there than this right now.
Hello everyone, for LINKUSDT I'm aiming for a bearish continuation after this strong downward movement, as the price is showing us that it wants to go lower.
hi traders
LINK doesn't look good now. Lower highs after lower highs.
On 3D we can see a head and shoulders pattern which is a point for bears.
If the neckline breaks, 13 $ -12,500 $ is the target.
Enter short position at the successful breakout or bearish retest of the neckline.
Good luck
I've been tracking this Elliott Wave count for some weeks now including other coins. We have an obvious 5 waves carved and RSI divergence on the daily/weekly. We now have all the characteristics of a Wave C decline with very rapid price movement declining over the weekend. The Wave 4 bottom was taken out, which can be a spot for liquidity before moving higher and...
BINANCE:LINKUSDT have one more low to make to complete either wave 5-blue of A-green that will take price up by 50% short term or 130% mid term term. Stay tuned I will be updating with more context to come.
OTHER ANALYSIS
Hey hey! I'm scaling into some NASDAQ:LINK here and @ the next fib level also
Don't be afraid of the opportunity ✨️
See you on the other side of profits 📈
Chainlink is at pressure where we have reached the end zone of triangle formation.
We are looking here for a clean breakdown of the 100EMA & support zones and a movement to the 200EMA to test it and potentially break it as well!
Swallow Team
BIST:LINK
The most obvious way to view Wyckoff Schematics are through line charts.
This has been a textbook shakeout pattern, coiling on top of a multi-month long support range.
I have bought every time it has touched the previous range highs and now it looks to be compressing prior to "jumping the creek" into a vertical rise IMO.
#LINK
The price is moving in a head and shoulders pattern on the 4-hour frame and we have a green support area at the 17 level
The right shoulder has now been completed
Our RSI indicator has a trend that is about to break to the upside
Our Moving Average 100 is about to break higher
Entry price is 18.26
First target 19.00
The second goal is 20.15
Third goal...
Buy a bag of #LINK and hold. #LINK is testing the neckline of the big rounding bottom which is its support zone. There is a bearish RSI on the weekly chart, so buy it in ladders. Targets are:
$22.909
$28.515
$34.121
$42.102
$52.269
In case of losing the support zone, it can retest the $14.60 level. Overall we are bullish on #LINK
