Chainlink
LINK firming up v BTC. Can it form a right shoulder?...Can it bust through the neckline with strength
All unknown of course
There are no guarantees in speculating
you have to be down with OPP
O = Opportunity , can you spot the opportunity
P = Possibility --- what are the possible outcomes
P = Probabilities *** what percent chance do you assign to that possibility
Easy right ? ;)
But at least spotting things early can help you get positioned before things start moving to fast
That is the key y
You want to be positioned before the move right .. sounds obvious
aka don't chase
So let's see in Chainlink start over performing v BTC again
It did 2.4X v once already ..
LINK - Swing Trade SPOT 📈📉Hi Traders, Investors and Speculators of Charts📈
BTC had recently formed a new ATH, and we're a few weeks away from the BTC halving. I'm expecting corrections (highly overdue) across the markets up until the halving.
Chain-link still has huge upside potential:
But this post is specifically for the short term. I'm looking at a swing trade (spot) here because it is already a high-risk trade , and shorting when the macro is clearly bullish is VERY risky business .
Make sure you check out yesterday's update on BTC:
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
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CryptoCheck
COINBASE:LINKUSD BINANCE:LINKUSDT
Cryptolean Chainlink LINK UpdateAfter dipping to below the key support of $17.40, Chainlink price is trading in the daily range zone between $17.40 and $19,56 and where we will continue to see a slow and choppy price action.
A bullish reversal from the current price location or after a re-test of $17.40 will result in a bullish move to $19.56.
Upon a bullish break-out of $19.56, the key daily resistance, bulls will be in control and push price to $22.10-$23.09.
A bearish break-out of $17.40, the key daily support, will push LINK price towards the next support zone of $13.87-$14.85, where the price action will be very important.
🔍 Chainlink's $17.72 Support: A Critical Analysis 📉In the crypto realm, Chainlink stands out, its price swaying like a pendulum. 📈💼 Eyeing its chart, we zoom in on the 12-hour time frame, where $17.72 emerges as a pivotal support level. 🛠️💰 Beyond mere numbers, this mark embodies market sentiment, shaped by news and psychology. 📰💭 So, let's approach with a blend of technical prowess and market wisdom, ready to seize opportunities amidst the turbulence. 📊🔍 Stay sharp, stay informed, and remember: in crypto, fortune favors the bold. 🚀💎
Short-term LINK Price to Come Down to ~$15.4LINK has failed to break back into its original higher trading channel. The next large volume support is around $15.4 which we may see LINK fall too in the short-term. I am bullish on LINK long-term. This could be a great entry price to set a buy limit order.
Cryptolean Chainlink LINK Update After rejecting the key daily resistance zone of $22.10-$23.09, Chainlink found a support at $19.56 that I expect to hold.
A bullish reversal from the current price location or after a re-test of $19.56 will result in a bullish move to re-test $22.10-$23.09.
A bearish break-out of $19.56, the key daily support, will push LINK price towards the next support at $17.40, however the price action will be slow and choppy.
Intraday Chart
The LINKUSDT 4-Hour chart is neutral for now, but it is trying to break into the bullish territory above $21.06.
A break-out of $21.06 will increase a probability of a bullish move to the key intraday resistance zone of $23.48-$24.42, where I will be closely watching the #Chainlink price action.
A bearish rejection of $21.06 will lead to a slow and choppy price action first to $20 and, possibly, lower to the key intraday support at $19.
This bearish dip to $20 or $19 could provide a long trade opportunity.
Support once read!
Thank you!
LinkUsdt Elliott wave count
Watching for evidences for a deep retracement as 5 waves up ended 22.90.
Link may start a deep retracement wave 2.
RSI divergence may signal wave 5 finished 22.90.
Possible target 0.382 fib retracement for wave 2 where we have also wave 4 retracement.
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LINK Long Opportunity | +35% Breakout $31 SOONLINK is lining up for a megaphone pattern. This pattern is not bullish or bearish but indicates a large move to come. I believe with the market sentiment, it's very possible we break up and out of this pattern, and historically, this would tell us that we are going to at least $30 , probably around $31.5 to be exact.
This would be a ~35% spot gain . I am going to wait for a ~3%+ break-out confirmation above the ceiling of the megaphone trend to enter a long position with a stop loss just under the previous channel floor, as shown on the graph.
Full disclosure also adding to fat bag on LINK because I am bullish over the long term!
DYOR and bring home those gains.
LINKUSDT|Important areas and roadmapHi guys
You can see the popular currency chart link in the daily time frame.
I have identified the important areas of supply and demand for you.
Although we have crossed the range area and we have a close candle above this area, but it is placed on an important daily supply area and also the return candle has stabilized.
To ensure the continuation of the uptrend, we need to wait for the daily supply area to break.
In the second scenario, we can enter selling positions in small time frames by seeing reversal patterns.
For the growth of the link, if he gives us a confirmation, we can expect to go up to the target (25.6-2703).
SUPPLY ZONE (17.2-18.2) - (17.8-18.8) - (25.6-27.3)
DEMAND ZONE (15-15.5) - (13.5-14.5) - (11.7-12.3)
Chainlink Link price shows strong movement, what next target ? Last year, the Linkusdt price gave patient investors x3 growth .
After reaching our final goal of $17.50, the Link price did not plummet sharp, but stuck in the liquidity zone $12.50-17.50. This means that there is still interest in the Chainlink project and the Link coin.
So, we can assume that the growth of the Linkusd price will continue in the near future, at least to $21.60-22.30 , in our opinion.
But only time will tell what will happen in reality )
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Will LINK Chain Up Further? Probing Supply & Demand for Bullish Hello Traders,
Critical Zone Breakout from Supply Zone Indicates Potential Upside Momentum,
We have 2 Supply Zones. If The Price Breached The Supply Zone, Take Entry While Retested and Looking For Bullish Momentum
Please Note That The Only Purpose of The Information On This Page is Purely Educational.
I Would Welcome Your Participation And Support in the Form of Likes, Comments, And Follow us to Offer Some Encouragement.
Thank You.
LINK: sell in breakeven📊Analysis by AhmadArz:
🔍Entry: 20.137
🛑Stop Loss: 20.29
🎯Take Profit: 20 - 19.90 - 19.77
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
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LINK/USDT Perfect Bounce, Indicating Continue the Upward Move!💎 LINK has recently experienced notable market dynamics. After a strong rebound from the demand area, LINK is showing signs of potential upward continuation and attempting to break out of the ascending channel.
💎 If LINK successfully breaks the pattern, there's a probability of significant price movement, potentially reaching our target area.
💎 However, if LINK fails to break out of the pattern, there's a chance that the price will retreat to the demand area around $17.6, or even test the Bullish OB area in the range of $16 to $15.
💎LINK must bounce back when it reaches the Bullish OB area, indicating a resumption of upward momentum.
💎 However, if LINK breaks below the support trendline, coinciding with the Bullish OB area, it could signal a bearish trend reversal, potentially leading to continued downward movement.
LINK Elliot Wave Count: Wave 5 almost in!!!!!-Chainlink had a perfect accumulation range at the lows that lasted about one and a half years.
-LINK then proceeded to impulsively breakout of said range and began printing a nice 5 wave impulsive structure.
-In this EW count LINK is in the late stages of print a high time frame(HTF) wave 1(W1).
-LINK is in the process of printing the medium time frame(MTF) W5, which would complete the white HTF W1.
-To get the target for green W5 we pull a fib trend from the W1 to the bottom of W4 and get $21 dollars as the 1-1 target.
-To get the time target we do the same fib pull from W1. We have already hit the 1-1 in time, but price still has not finished its more local 5 wave structure. So we look for the 1.5 and 1.618 time which gives a time target of march 3rd-8th
-On the low time frame (LTF) LINK is also printing its W5.
-The 1-1 Fib target for our LTF W5 is also $21. The time target between the 0.618 and 1 gives us March 4th-10th.
-Additional fib confluence. On the Log scale the 0.618 retracement from ATH is also at $21.
-And the -1.618 fib from the initial W1 bounce is also at $21 dollars.
Chainlink (LINK) Bullish EW Count-In this count LINK is currently working on finishing its high time frame W1.
-Locally LINK is finishing up its W5.
-I am targeting the 1-1 extension for both time and price from W1.
-This gives a target of $21 around Feb 12th for the top of W1 before we see the W2 pullback
-Expect wave 2 to last until Q3/Q4 and to retrace between the 0.5 - 0.786 ($10 - $6.50)
Link should be at 100 usd in a 24 month or lessBased on a synthesis of tokenomics, technical analysis, and the evolving landscape of decentralized oracle networks, several factors contribute to a bullish outlook for Chainlink's LINK token potentially reaching $100 or beyond.
Chainlink addresses a critical need in the blockchain ecosystem by providing reliable, decentralized oracle services, crucial for the functionality of smart contracts by bridging on-chain and off-chain data. Its utility and demand within the DeFi sector, as well as its role in facilitating seamless data transfer across various blockchain networks, underscore its intrinsic value.
The tokenomics and last on-chain big moves of LINK support its potential for significant price appreciation. With a fixed supply of 1 billion tokens and a distribution model that incentivizes node operators and ecosystem development, scarcity and utility drive its value. The token's use as collateral to ensure the fidelity of data, coupled with the slashing mechanism to penalize malicious actors, embeds a trust mechanism within its economy.
Technical analysis suggests a favorable outlook for LINK. Historically, specific technical indicators, such as moving average crossovers and relative strength index (RSI) positions, have preceded price increases. Furthermore, Chainlink's focus on expanding its network of oracles and its Proof-of-Reserves feature, which enhances transparency and verification of third.
LINK Looks ☀️ - Bullish Price Movement For the Next 24H & Week? Ark and 21Shares have integrated Chainlink to disclose reserves for their respective spot Bitcoin ETFs. The price of Chainlink rose by 3.45% in the past 24 hours. ATTMO predicts either sunny or partly cloudy weather for the next 24 hours and the week, indicating further upside and bullish price movement.
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