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Chainlink

Chainlink Price Analysis — August 8Chainlink has posted an aggressive 12% rally over the last 24 hours, tapping a near two-month peak at $8.74. The cryptocurrency also recorded its highest bullish trade volume on Bittrex since May, highlighting the notable expectations of a bullish rally in the near term. That said, bulls need to be cautious of impending ease in pressure for LINK leading to a possible return to the $8.00 mark. Meanwhile, my resistance levels are $9.00, $10.00, and $11.00, and my support levels are $8.00, $7.30, and $6.00. Total Market Capitalization: $1.14 trillion Chainlink Market Capitalization: $4.08 billion Chainlink Dominance: 0.35% Market Rank: #24
BITTREX:LINKUSD
by Mr_Wogbe_Alex
LINK - Wait For It!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. LINK is rejected a strong support and round number 5.0 in green, so we will be looking for buy setups. on DAILY: LINK formed a valid wedge pattern in brown but it is not ready to go yet. Trigger: for the bulls to take over, we need a momentum candle close above the last major high in gray (11.0) Meanwhile, until the buy is activated, LINK would be overall bearish can still trade lower inside the horizontal support in green. In this case, we will be looking for new buy setups to form around 5.0 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
10
Chainlink Roadmap 2022-2024It seems for now we have a bottom to work with , things are starting to become much more clear for Link , we now have this major trendline as Marco support. It's the same trendline that sent links on a massive run up to 20 dollars and now as it stands we seem to be holding it. As you can see from the chart this time fib sequence is unreal , three amazing chainlink events , I try and find these all the time spend hundreds of hours going over link and btc for the golden sequence which I believe i found for bitcoin, its how i saw this capitulation event as early as January 2022. Chain Link Fib Count .0618 - This date is important because it's when Link hit 20 dollars for the first time, it was an important level to hit that resulted in over 140days of consolidation. 1.618 -All time high , yes this fib count lands right up there . 2.618 - This was a major pivot point down for the link which confirmed the bear market because it created its first lower low on the weekly. 3.618- First week of October 2022 , this could be the week Link starts increasing in momentum. 4.618 - This could be the date we get a rejection of the 8/1 gann fann , normally when price approaches 8/1 for the first time there is some sort of rejection or event that occurses and if my theory is correct it will swing down to the bear market lows again , as I go over in other TA's Bitcoin always comes back to create a double bottom before lift off . 5.618 - This is the most important fib count of all because it lines up with many things , first of all the Bitcoin halving event is during this period which for now is May 4th 2024 , we also have this very important LINK/BTC time fib which I have used for years without fail and the next fib time on that is last week of april 2024. The RSI on the weekly on Chainlink has been in a descending wedge pattern for more than one year , once we break this can expect big moves. So expect a major chain link event during March 2024 to April 2024.
COINBASE:LINKUSDLong
by Sporia
9
Link Currently At Dynamic Support!When taking a look at link/usdt on the 4hr TF we can see that it is currently at a dynamic support level which is the diagonal line shown. We can anticipate a bounce here as long as BTC does not continue to dump. Love it or hate it, hit that thumbs up and share your thoughts below! Every day the charts provide new information. You have to adjust or get REKT. Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect! This is not financial advice. This is for educational purposes only.
Long
by rnaofs
Chainlink (LINK) vs Bitcoin (BTC)Link is one of the fundamentally strongest coins out there. Many gave up on it because it underperformed in this bull market, for now. I think that it will outperform BTC and even ETH form here. It's currently sitting on the monthly support and this is good R:R here for a long. This is an aggressive buy here at around 0.0004000 levels, more conventional buy would be when it flips the yellow line at 0.0006885 to support. Targets as shown. Good luck.
Long
by Cool_Dog
Chainlink lost its all time price channelLINK fell below its all time price channel back in early December 2021, a sign that buyers were exhausted and sellers have dominated the price action. When such a scenario takes place, the market maker is in control pulling up buy walls at a strategic point in the chart. In this case they protected pre-2021 valuations and went on a buying spree between 15 and 16 USD in confluence with previous support in July and the 1000 EMA on the daily. From that point we have seen a strong reaction upwards with the market maker again in control retracting their sell wall and pushing up their buy wall. With success, traders and investors took the bait and LINK surged over 80% to retest both the price channel and the bull market support band, where price got rejected. Currently LINK is heading towards the middle of this local range between 28 and 15 USD. Price action will depend on the stock markets across the globe as well as Bitcoin's price action. LINK is one of the most correlated coins with Bitcoin, this creates vulnerability during Bitcoin corrections and relative strength in a Bitcoin dominated uptrend compared to other alts. Even though we are in a downtrend and LINK is likely to test previous pools of liquidity we haven't seen since December 2020, the king of defi will reappear as one of the most valuable projects in crypto in the future. With many institutional interest in the past years, price action tells us that most early investors took profits and it tells you about the stance of VC's and whales towards the crypto market. Given their average buy ins and their position size, they don't need a 3 figure LINK to make life changing money - and they didn't need it in the first place - they already had it. Their play money went into these projects and heavy profits were taken when retail was buying into the hype. The institutional backing creates organic price action for LINK, price action that comes with realism and heavy selling when things turn bullish. The very reason many people call their Linky so stinky. What we can conclude - by just looking at LINK - is that the post summer rally in crypto was rather a retrace and part of a corrective impulse. LINK has failed to set a new high and is one of the first altcoins to see summer 2021 valuations. This projects the reality of many other altcoins (most with less fundamental value) of what is about to come. Realistically we could expect a downtrend until Q3 or Q4 of 2022 together with a possible 40-70% correction for LINK. Many other projects would bleed much more and most memes coins - especially the ones outside the top 100 - will fall close to zero. For LINK however, the future looks bright and a chance to get a VC entry on the oracle provider of crypto should be seen as an opportunity rather than a threat to your portfolio. IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
Short
by cryptobullethbtcxlm
9
Chainlink up 20% from 2022 lows, LINK Breaks out Past Performance of Chainlink Chainlink prices are steady at spot rates, firm, like the rest of the cryptocurrency markets, and up 20 percent from 2022 lows. After plunging 88 percent from May 2021 highs, there are flickers of hope for bulls. Thus far, LINK is stable on the last trading day and breaking out from the bear flag. However, the resilience of bulls will be demonstrated once there is clear thrust above July 16 highs, ideally with expanding trading volumes to signal participation. #Chainlink Technical Analysis From the daily chart, there are encouraging higher highs. With increasing trading volumes, the recovery from $5.5, a multi-week support level, could be the anchor propelling LINK to June 2022 highs in the near term. Thus far, Chainlink is trending above the bear flag following the breakout of July 16. The failure of bulls to follow through on July 17 may present an opportunity for aggressive buyers to double down on every dip today. This bullish preview is valid provided prices are ideally held above $6 and $5.7—or last week's lows. Meanwhile, a firm close above $6.8 may trigger more participants into action, lifting LINK towards $7.5 and later $9.5. What to Expect from #LINK? Buyers are confident, but there must be more confirmation of the end of last week's gains for the upside to take shape. Currently, traders should watch out for how prices will react at immediate liquidation levels at $6.8. Resistance level to watch out for: $6.8 Support level to watch out for: $6 Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
#Chainlink Inside a Bear Flag, Primary Support at $5.5Past Performance of Chainlink Chainlink prices are trending at around 2022 lows, and sellers are still in control. Despite the optimism, LINK prices are within a bear flag with decreasing trading volumes. With LINK stable and up two percent on the last trading day, the short-term trajectory depends on the reaction at $6.8 or $5.5. #Chainlink Technical Analysis LINK prices are within a downtrend and inches away from 2022 lows. The primary support lies at $5.5 and is a critical level that may define the short to medium term. Since LINK bulls have been unable to close above the bear flag and initiate the move up to reverse losses of the first half of June 2022, sellers are still dominant. In the short term, traders can wait for a breakout formation with high trading volumes above $6.8 or $5.5 before entry. A close above the bear flag at $6.8 may see Chainlink prices rally to June 2022 highs of $9.40. Conversely, losses below $5.5 may trigger a sell-off, forcing LINK to new 2022 lows. What to Expect from #LINK? Technical candlestick arrangement favors sellers at spot rates. Prices are currently inside a bear flag with waning upside momentum. So far, Chainlink bulls have been unable to reverse losses of the first half of June. Resistance level to watch out for: $6.8 Support level to watch out for: $5.5 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
1
The 100% winrate Chainlink Fib count tomorrow!I have waited a long time for this day to come! my 100% winrate Fib count will be tested for the fourth time tomorrow! This Fib count on the LINK/BTC has a 100% win rate so far will tomorrow keep it at 100? who knows lets take a look at the chainlink price pattern. Price at the moment is in symmetrical triangle and since the the trend is downwards this is not a good thing. These patterns tend to be a continuation of momentum so in this case that would be more downside. If you want a more longterm macro look on chainlink have a look below. Big day tomorrow! Will we start to shift in momentum? Will Chainlink start its new "only up" cycle next four years? Will we Crash? One very important thing to take note is the next date is April 2024 poeple! so if your waiting for lower prices you could be waiting a while! , this date lines up with the Bitcoin halving aswell. Buckle up!
Long
by Sporia
24
Linkusdt 3D Buyers are trying to push the Link price upYour attention is the global chart of the trading pair Linkusdt on a 3-day time frame For more than 2 months, buyers of the Chainlink token have been trying their best to keep the price above the $5.50 level. And although it is difficult in the current maximally suppressed phase of the crypto market, but they are succeeding at this time. Maybe now buyers are trying to form a reversal trend figure: Double bottom, or Adam and Eve. The working goal of working out this pattern is in the area of ​​15 dollars. In general, there is a large liquidity zone $12.5-17.5 above, and at the moment there is little belief that they will be able to break it upwards with ease. If such a miracle happens, then the maximum positive goal for 2022 for Link is 22 dollars. A clear signal that the buyers will have capitulated, and the sellers have won the fight, will be the fixing of the Linkusd price below 5 dollars. In such a situation, one must be very careful and realize that the next support level is around the $2.70 area _______________________________ 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
35