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Chainlink

LINK at the mid-range - A rebound or a likely breach? For the past 3 weeks, LINK traded in a range with extremes at $6.2 and $6.8. The range high aligns with a critical former support level in late March/April. The range-low coincides with a bullish OB (white) on the 4-hour chart formed on 12 May. A possible rebound at mid-range could see LINK rally to the range high of $6.8, especially if BTC reclaims $28k. But, the mid-range of $6.5 could be breached and a retest of the range low/bullish OB could be on the cards if BTC dips to $26k again.
by AMBCrypto_TA
ChainLink End Of The RoadChainlink has posed a challenging cycle thus far, with an extended period of sideways accumulation for over a year. However, the time has now come for the asset to make a move. The Gann Fan indicator illustrates that there is limited room for further sideways action, with three rejections of the 1/2 Fan occurring in the last two years. If we do break out of this range, we must either move downwards or make a significant upward move, which will likely last until late June 2023. At this point, a move to the 1/1 Gann Fann level with 20 dollars as the maximum price increase seems the most plausible. Looking at the facts, the monthly histogram for LINK indicates a building momentum, with lighter closures suggesting a potential shift in trend. Additionally, LINK has experienced four straight months of weekly lower highs since the start of the year. My hypothesis is that we will reach a peak in June 2023, which lines up with the predictions for LINK based on the chart below: The USDT dominance chart has completed its 5 waves and ABC correction, with the final wave most likely to start next week once the yellow support level is broken Furthermore, the Bitcoin Dominance chart has also completed 5 waves and is currently experiencing a rejection of the 8/1 Gann Fan, indicating that alt season is likely on the horizon. If Link fails to break the 1/2 Gann Fann level to the upside, the downside target would be HKEX:5 , though this scenario has a lower chance of playing out at the moment.
COINBASE:LINKUSDLong
by Sporia
12
LINK - It is timeLink has been consolidating in the same tight zone for 330 days. After that long period of accumulation, I predict the move up will probably be large and sustained for at least 2-3 big legs up. The problem is that we've had 3 fake-outs where price closed above $8.5 and then dumped hard right after. With that in mind, I plan on buying the next time LINK closes above 8.5 and cutting my losses if I see it close back below the support/resistance (S/R) zone highlighted in red, meaning below $8. If the breakout is real, a I think and hope it is, then I intend to take profits between $19-20, and keeping the rest for the possibility that LINK becomes a beartime runner again, like last time.
BINANCE:LINKUSDLong
by fritzz
9
LINK: Channel UpChainLink (LINK) technical analysis: Trade setup : Price is trading in a Channel Up pattern. Swing traders can trade the channel (Enter near support, Exit near resistance channel trendline). Pattern : Price is trading in a Channel Up pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Trend : Downtrend on Short- and Medium-Term basis and Uptrend on Long-Term basis. Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45). Support and Resistance : Nearest Support Zone is $7.00, which it broke, then $6.00. The nearest Resistance Zone is $8.50, then $9.50.
Long
by altFINS
Chainlink (LINK) WCA - Classic Rectangle PatternHello and thank you for taking the time to read my post. Today, we analyze the Chainlink (LINK) chart on the weekly scale, focusing on a classic price pattern called the "Rectangle Pattern." Classic Rectangle Pattern : The classic rectangle pattern is a chart pattern formed when the price of an asset moves between two parallel horizontal lines—representing support and resistance levels—over a period of time. In essence, it reflects a consolidation phase where the market is undecided about the direction of the trend. To confirm the validity of this pattern, you typically need a minimum of two touching points at both the support and resistance levels. However, more experienced traders prefer to see at least three touching points on each level, as it increases the reliability of the pattern. Remember, this is just a brief introduction to the technical aspects of the classic rectangle pattern. As you delve deeper into this topic, you'll discover more nuances and practical applications that can enhance your trading strategies. Additional Analysis : Chainlink serves as a perfect example of the classic rectangle pattern. We have a clear upper horizontal line at 9.475 and a lower horizontal line at 5.534, between which the price moves. The price has remained stable within this range for 357 days, equivalent to 11.737 months. This information is valuable because the longer an asset stays within a range, the more volatile the subsequent breakout will be. Additionally, we see several touch points marked in orange, further validating the pattern. A blue diagonal resistance line demonstrates the general trend, which is currently directed downwards. The price is currently below the 200 EMA, which is another indication to watch rather than actively look for long positions. This suggests a cautious approach for traders, as the market is still showing signs of weakness. Once we have a breakout from this rectangle, it could be swift and accompanied by significant volatility. As always, we cannot know when the price will break out of this nicely defined zone, but we have a good idea for the future and will be less surprised when we see a breakout, no matter in what direction. Traders should closely monitor the support and resistance levels, as well as the general trend, to be better prepared for any potential price action. Conclusion : The Chainlink (LINK) weekly chart showcases a classic Rectangle Pattern, reflecting a consolidation phase in the market. By closely monitoring the support and resistance levels, as well as the general trend, traders can be better prepared for any potential price action in the future. As always, it's essential to consider risk management and proper position sizing when trading based on chart patterns. Please note that this analysis is not financial advice. Always do your own due diligence when investing or trading. If you found this analysis helpful, please like, share, and follow for more updates. Happy trading! Best regards, Karim Subhieh
by KarimSubhieh
LINK.Usdt (Y23.P2.Video1). Macro outlook, more accumulation?Hi Traders\Investors, Note: I made a mistake thinking for some reason its called MATIC but its CHAINLINK so the logo on the video is incorrect. LINK is currently in a range that suggests its accumulation and the longer it accumulates, the bigger the breakout it will be. I give my perspective for 2 scenarios, both are dependant on what BTC does in the coming weeks. I show or explain what I see and how I give it measure for those key levels. The rest is up to you. Please give me a like and share, Regards, S.SAri weekly indicators show downward pressure
Long
by ssari
1
LINK: LAST Month to ACCUMULATE💰BINANCE:LINKUSDT Hi Traders, Investors and Speculators of the Charts 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. LINKUSDT has been in a typical Wyckoff Method consolidation phase. Looking at previous fractals, wee see that Chainlink often goes parabolic during the months of June / July. This is right around the corner! Even should it not happen that way this time around, LINKUSDT has establishes a clear bottom and will most likely only go upwards from here. To confirm this bias, we take a look at the Technical Indicator CryptoCheck START v3.5 and see a buy signal flashing on the weekly (which is bullish on such a high timeframe) : Since you're here ! Check out this idea on BTCUSDT : _______________________ 📢 Show us some LOVE 🧡 Follow for daily updates and trade ideas on Crypto , Stocks , Forex and Commodities 💎 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
32
Chainlink Long Play - 400% Gain Potential - FUTURE OF AI AND IOT Entry Price: $7.30 Resistance 1: $9.37 Resistance 2: $19.00 Resistance 3: $34.00 As a financial analyst with a focus on cryptocurrency markets, I have conducted a number of analyses on Chainlink and offer an updated perspective on the asset's recent price action. Chainlink has demonstrated a struggle to breach the same 77% range horizontal channel, delineated by a shaded orange band, throughout the past year. Should the asset surpass the pink diagonal line, we may witness sufficient strength to advance toward the next resistance level of $9.37, thereby representing a 33% increase. I estimate that this move may occur within 31 days, culminating at the end of May 2023. Major resistances may not arise until the 19 and 34 dollar range, indicating an approximate price increase of 175% and 400% from present levels, respectively. In my assessment, these projections are not beyond the realm of possibility. In fact, considering past price action and current adoption rates, I posit that these estimates are exceptionally conservative. Over the past three years, Chainlink has remained among my preferred assets and I perceive its potential to burgeon as undeniable. Therefore, I advise investors to consider incorporating Chainlink into their portfolios at this time. Chainlink (LINK) is a cryptocurrency that provides a decentralized oracle network that enables different blockchains to communicate with each other through cross-chain interoperability. The technology provides secure cross-chain applications that allow data and tokens to move across cross-chain smart contracts. The cryptocurrency has shown a strong bullish trend, and the technical analysis indicates potential price targets of $9.37, $19.00, and $34.00. Moreover, the blockchain-agnostic oracle network has the most widely adopted oracle network in DeFi, providing the highest quality data that is resistant to manipulation. As blockchain oracles continue to reduce switching costs and meet security requirements for enterprise use cases, Chainlink is in a strategic position to benefit from the blockchain technology's adoption by global enterprises and governments.
Long
by Helios_Capital_Investment
✴️ ChainLink Does 333% In 3 Steps... Altcoins Cycle Explained!#1 | The first step is the correction that comes after bullish cycle/wave/All-Time High. #2 | The second step is the consolidation phase. Can be sideways, can be a zig-zag/mixed, can be down or up... Still accumulation/consolidation. #3 | The third step is the recovery that is already starting to take place. ChainLink #1,#2,#3 will lead to 300%+. I would normally put the stop-loss, support levels and such in the chart but seeing Bitcoin, Cardano, Ethereum Classic, Litecoin and the rest already full time green, we know that ChainLink is a monster and won't be left behind. We see its future as also going green. Once the bigger altcoins are done, it will be the turn of the smaller ones. First a few "random" ones start moving, it varies in every cycle. Then it goes with the biggest players, the king Bitcoin and the top Altcoins. Then the mid-sized ones... And finally the smaller ones. Some altcoins have cycles that last 4 years instead of two, be aware... You can be holding some of those and they can fail to take off until several years later. It is good to go with what is working, what is hot, what has been shown to be reputable, with a good team behind it, real projects, etc. But then again, we trade based on the charts. This chart says UP! Namaste.
Long
by AlanSantana
7
LINK - Strong Like A Castle 🏰Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. LINK has been stuck inside a big range for a couple of months now. At least it hasn't melted like many altcoins during the bear run. 🏹 For the bulls to take over long-term , we need a break above the entire range / above 9.5 Meanwhile, since we are approaching the lower bound of the range, we will be looking for short-term buy setups. 📉 From a medium-term perspective, LINK is overall bullish trading inside the flat rising channel in red. Moreover, the orange zone 6.5 is a strong support. 🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the orange support and lower red trendline. (acting as non-horizontal support) As per my trading style: As LINK approaches the lower purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
8
Quick look at LINKHere's a quick look at the LINK daily chart. As we can see, the price is trying to hold above the resistance zone, and if the price manages to sustain its position above the resistance zone, then a move to the red trendline is likely to happen! Therefore it is recommended to monitor the resistance zone in case it does sustain its position above it! ------------------------------------------- Recent Altcoin trades: ARB / USDT: 30% profit! ROSE / USDT: 5% profit! ------------------------------------------- About our trades: Our success rate is notably high, with 10 out of 11 posted trade setups achieving at least their first target upon a breakout price breach (The most on TW!) . Our TradingView page serves as a testament to this claim, and we invite you to verify it! ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups. BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
by MBM_Crypto
4
LINKUSDTLINKUSDT Thoughts The price has been moving in the accumulation zone for almost a year. The exit from such zones is very often given an upward impulse, so that a major player can reset his positions. Now the price has approached the local resistance zone inside the consolidation. If BTC continues its upward movement, then we will see both a breakout and the possibility of exiting upward from the consolidation. For ease local targets were marked on the chart. ☑️Targets: $11.12 - $13.08 - $14.45 However, we focus on the situation. Always look at the market globally and adjust to the general mood. If you like the idea, don't forget to subscribe and rate like👍
by Andrey_Crypto
1
LINK: finally $8.0Markets are turning to the positive sentiment after inflation slows down in the US, however, they are still more oriented toward equities and major crypto coins like BTC, rather than other coins. Analysts are pointing that after a strong push in BTC price, the eye of investors is finally turning toward altcoins in order to maintain correlations and diversification of portfolios. Certainly, this point in time would be the one where LINK might benefit significantly. On a positive side is that currently LINK is making small progress toward higher grounds, still managing to hold its price relatively stable. During the previous week, the price of LINK was moving in a relatively short range, from $7.0 support up to $7.5 short term resistance line, however, as of the weekend, the price managed to finally reach the resistance line at $8.0. RSI was pushed from levels above 50, toward 62, indicating potential path toward the overbought side of the market. Moving average of 50 days modestly started to converge toward the MA200 counterpart, but it still does not indicate a potential cross in the coming period. Support line at $7.0 has been tested for a third week in a row, and without strength to break it, the coin managed to revert toward the $8.0 resistance line, supported by the market demand. RSI has still not reached a clear overbought side, which leaves some space for the price to hold $8.0 resistance. LINK will start the week ahead by testing this level. There is currently a lower probability that this level might be breached. On the opposite side, there is some probability for $7.50 support to be tested for one more time, with low probability for $7.0 support line.
COINBASE:LINKUSD
by XBTFX
#Chainlink tearing higher, LINK up 15% in 4 WeeksPast Performance of Chainlink Chainlink prices are breaking higher as of April 17. Technically, the token is within a bullish breakout formation, and prices are buoyed by expanding volumes. Notice that the confirmation of the April 14 bullish breakout bar was enough evidence of strength, a net positive for optimistic traders. #Chainlink Technical Analysis The daily chart shows LINK prices are firm, breaking higher with expanding volumes. For now, the April 14 bar anchors the current Bull Run. Support is at the bar's high at $7.6, which also flashes with March 2023 highs. Since the current bull bars are with rising volumes and banding along the upper BB, suggesting strong bullish pressure, traders can load the dips, targeting $8.4, an important reaction line; and later August 2022 highs of $9.3. What to Expect from #LINK? LINK prices are up roughly 15% from April lows, and buyers are confident of what lies ahead. As price action aligns with the formation from mid-March, currently breaking out, bulls appear to be in control. For this reason, traders can look for entries provided prices are above $7.6. Resistance level to watch out for: $8.4 Support level to watch out for: $7.6 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
✳️ Chainlink vs Bitcoin Long-Term Higher Low | Trade or Learn?You need multiple signals to reach a conclusion... Should I just go straight to the numbers, the chart with its potential or explain the signals? Because one way is like teaching/learning, the other one is like showing an opportunity/trading. 12-April ends in a Doji with a perfect (-9), that's the TD Sequential indicator: This is followed by three green candles, rising volume, bullish divergence with the RSI as the RSI moves above 50. New low yet above 50 that's a very strong signal. Also, we have multiple bullish signals and that's all we need. Finally, the long-term higher low on the main chart. That's it! LINKBTC goes bullish. Enjoy your weekend. Namaste.
Long
by AlanSantana