After countless wicks above the pink channel on the daily time frame, link finally broke upward with authority and has already reached the channel’s measured move target. Once we switch to the weekly timeframe shown here, we can see that channel is also a very valid looking weekly bullflag and the measured move target for the bullflag Breakout is $25.30 or so. Now...
Chainlink has seen a significant surge in momentum over the past few days, fueled by various speculations about potential developments. However, when we delve into the chart technicalities and set aside external noise, we uncover a fascinating narrative: Chainlink has been in an accumulation phase from May 2, 2022, to the end of October 2023. This phase marked the...
Wyckoff Buying Climax:
This is a technical analysis concept proposing price manipulation by large institutions to accumulate shares before a breakout. It involves specific price and volume patterns.
Identifying a true Wyckoff buying climax is challenging and subjective.
Observations on LINK/USD:
The recent price increase from $6.50 to $18 is significant, but...
After moving back and forth between $13 and $17 for three months, the price has now surpassed the $17 resistance level, suggesting a potential increase to $20, marking an 18% upside. It's advisable to set a stop loss at $15.90 and keep an eye on price alerts. ChainLink (LINK) was our recommended coin pick, and it has seen a 110% increase since our initial report...
LINK doesn't need any introduction; it has a great project, a great community, and has also given great growth. It seems the corrective wave has ended at 0.382 Fibonacci retracement and now the price is about to break the consolidation triangle-shaped area. Let's see how things unfold.
This is my first "idea" but i wanted to share it.
It has already been pointed out by niko1923 that the 1H chart is completing a cup & handle pattern now but it's more than that. It is actually nested within a VERY BULLISH inverse head & shoulder pattern in the 1W chart.
The 1W chart for LINK/USD is comleting an inverse head & shoulders that started back in...
LINK has been sitting in this zone between $13 and $16 for a while now. Accumulation phase seems to be ending. Looking for some good expansion next. More utility than a lot of tokens with higher market caps tbh.
Short opportunity as Link hits resistance.
Clear stop-loss level and take-profit zone with very attractive ratio.
Good stop loss in my opinions would be somewhere a little bit above 20$ while take-profit somewhere close to 10$.
Good luck everyone. I predict this will be the last fall in the market before the next bull wave.
Good show of strength today from #LINK
Otherwise know as Painlink!
But the pain could be over soon
If this falling wedge prevails as the main over arching big time frame Pattern,
that triggers and kicks off #crypto SUMMER
The market had a retracement-hopefully it was a retracement, and now it lighted it first white candle in 4 hr time frame. it may be early to make this assumption, but I will make it anyways.
15.935 is a critic resistance level. Below that level, the price is in process of making a cup and handle formation.
I am expecting this formation to be completed before this...
Link possible two scenarios.
1- If price will retest the trendline then I will Enter Long.
2- If price will pullback from resistance zone then I will open Short
"On higher timeframes, the trend is 'Long.' I expect a pullback to occur, testing back a portion of the recent upward impulse, creating, at a minimum on a lower timeframe, an order flow.
The strategy is only valid if the price retests the specified level."
Impressive 16% Surge: LINK has witnessed a notable 16% jump within six days, consistently forming bullish candles within the trading channel.
Breakout Run Imminent: The current bull run hints at a potential breakout, challenging the resistance trendline.
$20 Price Target: An upward breakout beyond the channel could catapult the LINK price towards the $20...
It is high probability setup for Chainlink, currently, link is trying to break the previous day high which is at $15.08.
it has to meet following condition for us to get short with link.
1. Current trendline has to be break.
2. important current support has to be break.
3. if first two condition met third condition will automatically met which is trading below...
The potential Wyckoff reaccumulation pattern on the Chainlink (LINK/USD) chart is definitely worth exploring. Let's unpack the details:
Supporting the Wyckoff Reaccumulation:
Price action: LINK has been trading within a defined range with multiple spring and shake phases, potentially indicating accumulation by institutional players.
Volume profile: Increased...
ChainLink (LINKUSD.P) continues to move within a distribution phase, lower highs, really low volume... It's been many years since we have a distribution phase across many Altcoins, this is not yet confirmed.
If prices move and close above the last high, 17.68 and continue to hit a new resistance level, instead of distribution we had consolidation. If we see a...
