ChainLink is currently within an ABC correction. We are approaching 2 areas of interest where we will be looking to buy and HODL.
First area: $14
We previously reacted to that level and bounced off strongly. We could potentially create a local double bottom and then move higher from there,
Second area: $8
Price reacted numerous time to that level. We also have...
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...
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....
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...
After the little crash Chainlink did break a strong support which ones was a resistance and just became that now again.
If market will stay in this triangle and break the resistance, we could see some nice move up and it could break out of it.
No financial advice.
Corrections are welcome.
Have a nice day!
Chainlink currently looks very good, why? because the price is extremely attractive to me, buying at this level, what are the chances that you will be a loss in a year? very small, so long term without any fear can be bought
ChainLink, the most famous decentralized network for using oracles is looking cheap. But should you buy?
Despite Chainlink being redflagged due to "the team dumping tokens", the majority of these narratives created among these events are pretty much flawed.
Quick Technical check of the Diluted Market Cap shows ChainLink entering levels below the weekly 50-EMA,...
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...
We are in the long-term LINK channel
I have shown the important fixed price ranges with gray boxes
At the heart of the channel is a dynamic support that I showed with the green box
A Chain LINK under $ 20 is very valuable and I dare to buy it ... I suggest you too
Because it has a strong project And it is almost unrivaled
If you have any questions, you can...
at link we see down ward movement so if price can hold 25$ definitely we can see 30$ if not maybe price go down for 13$
for those how bought around 35 to 32. i suggest them to pay attention 30$. if price can break up ward 30$ resistance and hold above 30$ we go for 49$ or 57$.
if price cant break 30$ we can see 13$ very soon.
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...
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