Chainlink
LINKBTC LINK POISED FOR BREAKOUT RUNLink has been showing strength lately. Positive price action so i thought id take a look.
Link showing lovely structure here.
Has turned a resistance in to a support which is also bullish. Now is just needs to hold above the 100MA.
If all goes well we will see Link gain much value to BTC.
What are your thoughts?
Does Chainlink Have enough Momentum to Push Through this Wave?Projection of Links Wave Movent and its consistent significantl loss of momentum after every wave. Only at the beginning did it throttle through. Is this the next major push?. Possible collapse after $34 yet again. But looks like we may have the cloud in our favor. We'll see.
Good set-up on ChainLink Crypto Hello Traders,
I been viewing it in last couple of days and hoping for a good set-up, well it is happening. A wonderful set-up with RR (Risk-Return) of 2x or more.
Price Action in Daily candle sticks chart tells-us that ChainLink has secured a support at 18.20ish and it is ready to rise above 30 level in 60 days.
Strategy = Long Position
Duration = 60 days
Entry = Spot (current rate) or anywhere between 18.50 and 22. Use averaging method.
StopLoss = 16.5ish, it should not touch this level because you will notice strong upwards push when prices get close to 18ish levels.
Target = 30 and above.
In coming days you will see price struggle between buyers and sellers at 23 levels but once it is broken there is not stopping back till it hits 30 and above.
Remember to use risk management. Use 1%, 2%, or 3% of total Capital to place trade.
Happy trading
Disclaimer: Above idea is based on my thoughts and not a recommendation or advise to buy/sell. I strongly recommend you to abide by risk management policy laid down by your country's' regulatory board.
LINK🔗 triangle breakoutIt's has been long time since I posted last Chainlink idea... 👇
But now here comes another one >> LINK 🔗 is holding well even in this weak market recently. Price seems to be ready to break up this triangle 📐 and If succesful I think there is chance for run to 30.9 and even higher. I'm already in, but one can set the BUY LIMIT order to catch the possible pullback. As usually we need BTC to stay stable (or even go up) to not spoil the party. Going with lower size as markets are shaky.
ENTRY : local high @ 26.37
STOPLOSS (TP) : local low @ 25.08
TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY LIMIT - SL) @ 30.9
REWARD RISK RATIO (RRR) : 3.5
INVALIDATION : when SL level hit
Check my other stuff in related ideas.
Please like👍, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
CHAINLINK!!! BULLISH LOOKING FOR CONTINUATON!!!!Chainlink has now done a 60% pullback after doing a 75% pullback that was held on July 21st, 2022.
great for reversal.
it has respected horizontal support.
it has printed bullish engulfing candle.
Entry : $19.54
Stop loss: $13.60
Target 1: $25.40
Target 2: $31.20
Target 3: $37.10
Btw I use a modified shark or cypher pattern and trade it to the 1.618. Use your own caution.
Chainlink Price AnalysisThe 26 support level is under threat due to the intraday violation shown on the 4-hour chart. A breakdown of this level allows the 24.00 support level to become the immediate target for the bears. 22.47 and 20.12 remain additional support targets in the near term.
Conversely, the bulls need to resist the intraday violation to preserve the sanctity of 26.27 as valid support. Any bounce from this level targets 27.52 initially before retesting the 28.76 barriers that held last week. Only when this barrier gives way can a price move towards 31.74 be actualized, which completes the measured move from the triple bottom.
Link 3D One of the few alts that is growing right nowThe last time we did a LINKUSDT forecast idea was six months ago.
Since then, the price has twice tested the level of $34.
Today, despite corrections and BTCUSDT pair's update of lows , the price of LINKUSD is headed up.
Soon the level of $34 will meet us again from above.
Then the last correction to the area of $23-25 is possible before the subsequent break up. This is where the dynamic support channel passes, which has already kept the price from a catastrophic downfall three times already.
After a strong fixation of the LINKUSDT price above $34, the way will open for the next growth target to $53.
If this trading pair is interesting for you, write about it in comments under the idea, and also write your opinions about the future price of Chainlink token
See your interest in the LINK coin, so we will update our thoughts on this trading pair more often.
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Good Position for ChainLink - USDT Technical analysis of link ciphers in weekly timeframes.
(Please also read the previous analysis in the daily time frame).
Technical and price action training tips:
- The combination of MACD, RSI and CCI indicators is positive.
- The volume and average of transactions is satisfactory (especially in recent weeks has been excellent).
- The price is closed above the simple moving average line of the middle of the Bollinger Band.
- The price is in the upper half of the Bollinger Band.
- The price is entering its own cum cloud.
- has cut the price of base and canon lines (in Ichimoku indicator) upwards.
- The current price valley is composed of the previous higher price valley.
- The 553-day uptrend line had good support at the price of $ 15. (Even after the $ 53 price peak and the 74% drop)
Conclusion: The price has tremendous potential to reach $ 34 and $ 37.
First Target: 20%
Target II K 30%
like always :
- Observe capital management.
- Observe risk management to Reward.
Good luck and profitable.
very GOOD position for LINKThe situation is very good.
Technical analysis training tips in daily timeframe:
- The high price of the cloud is its own cum.
- The future Komoi cloud is green.
- Good trading volume in daily timeframes.
- The Bollinger Band is bullish.
- CCI is above +100.
- The RSI has not reached the shopping saturation zone.
- MacD is green and the MacD line cuts the signal line up and is located above it.
- The price has separated from its $ 17 price and has been on the rise over the last 27 days.
Tips from fundamental analysis:
- Oracle is very good.
- The best and most popular cryptocurrencies in the Oracle domain.
$LINK Continuation (Intraday Trade)Hi, been some time. A low timeframe chart of chainlink.
LINK has been trading in 27.6-28.4 zone since we saw yesterday's pamp trough 27.5 resistance. It hasn't retraced below which means enough buyers to support it above the resistance.
We could see next leg up today if BTC gives link room to move up and out of distribution zone. 28.8 - 29.5 - 30.8.
Wait for confirmation on this one or enter in the lower 27's. Careful, this is a short term margin trade!
LINKBTC continuing uptrend - LINKBTC just bounced off the bottom part of the parallel channel
- LINKBTC just broke the local downtrend with volume which gives us a first target of the equilibrium of the parallel channel. Afterwards we target the beginning of the downtrend (0006804). Lastly, we are looking for the upper side of the parallel channel.
- MacD just crossed over and RSI has bullish divergence
Happy trading :)
LINK: two possible optionsLINK is fluctuating in this pattern which looks like a triangle but I think it's more of a pennant. I'm bullish on LINK and TA here is just based on four things:
clearly a bullish pattern;
people calling it on
LINK trending 4th on LUNARcrush
the fact that it has bottomed, even if it isn't shown here price went a little below 0.786 and started going up again
I see two possible upper borders to this pennant so I left both of them.
If you DCA your entry you'll be fine anyway but if instead you want to do only one buy use 23USDT as stop loss, it's more than -10% from current price but this because market is in turmoil right now and dips can go lower. I'd personally DCA my entry if I had fiat left. However last time I've checked (last night) BTC looked like it had bottomed and there were many people calling the bottom as well.
Good luck
ChainLink (LINK) flipped MA Ribbon bullish - more tasks to doChainLink´s 5 tasks on the daily chart...
1. break the 200 SMA (just in work)
2. break the MA Ribbon and turn it bullish (done)
3. break the volume resistance
4. break the 50 SMA (done)
5. break the resistance on RSI
Especially the RSI will be interesting.
What do you think? 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing