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LINK aiming to retest $23LINKUSD is currently trading around $22.70, up 5.5%, above average when compared to BTC and most of the altcoin market. We have now completed what appears to be a nicely formed W pattern on the 1h/2h/4h charts. Forming since yesterday, it confirmed earlier today as the European markets opened several hours ago after retesting the $22, which aligns perfectly with the lower market support band (20w ema low). Our last major move was the rejection of the upper market resistance band at $28-$29 (FIB golden pocket & 20w ema high), followed by a failure to hold the the bull market bands (20w ema / 21w sma) as we came back for the retest. Let's look at the longer timeframes, measuring out probable direction using Fibonacci based Gann fanns. Market makers appear to want to retest $23 today, which would get us back over the critical 50h ema. If rejected there, we know we're in for at least a second retest of the $22 levels, but more likely even lower since a failure there would indicate the current W pattern has failed so market makers want to bring the price lower. If accepted and we push through $23 and hold through 2 or 3 4h candles, I believe we could see a continuation towards $24.50 - 25.50 range, for a retest of the bottom side of the bull market support bands about 10% higher from our current levels. No matter, I expect a retest of the $23 before we know with a high level of confidence that the current movements are supporting a larger move to push back through the key moving averages and re-initiate a sustained multi-week trend to the upside (ending the multi-week trend to the downside). If we don't come back for a retest now, trade carefully, it's possible this push is nothing more than market makers working to get better prices for a short play they'll execute sometime over the weekend or early next week. If we can continue to push higher, we might have a similar situation play out with the Bollinger Bands as we have seen in the past where once we touch the upper band, we continue to ride it closely, pushing it higher and higher for many consecutive (30+ days) before being squeezed back down. Summary: Major areas of resistance within immediate reach are at $26.5 (VPVR volume peaks / interest) and $28 (FIB golden pocket), which we must overcome and turn into support before we can move higher. On the downside, $22 has acted as strong support for the past week, which aligns with both the major areas of interest (VPVR) and a key moving average (lower support band, mentioned before). If we come back for a third test at $22, there is a high probability the market continues to favor shorts. A quick look at the Heikin-Ashi candles before I go... reminds us to not get too excited yet. We're still trending down... and the trend is our friend, until the end. Don't get liquidated folks! Make sure you've set your stop losses and buy-limits!
COINBASE:LINKUSD
by calmrat
A 1000 Dollar ChainlinkDoes chainlink even have bear cycles? , one can say price just goes into a long accumulation period before heading up once again. Secondary Long term channel still intact , I did have another I was charting but it broke that one. Chainlink has had a double rejection off the 8/1 Gann so far. The longterm channel and the end of the 8/1 Gann cross March 14th 2022 , I had been going over the idea of a cycle top in May 2022 for a while using a Chainlink Fib time sequence, it is possible that May 23rd 2022 for Chainlink is not the top but the start off its parabolic cycle up to 1000 dollars June 2023. The chart below you see is LINK/BTC this Fib sequence has been perfect so far at calling major moves in LINK and also calling the bottoms for price next date May 23rd 2022 ,out of hundreds of Fib time sequences I have used in the last 2 years this is the only one that has had a perfect count each time without fail.
COINBASE:LINKUSDLong
by Sporia
11
$28 LINK aims for goldMucking our way through the $24-26 range, we're doing well to get back above the market bands. Cushioned by low 18.75 support line. We have $22 general market support. Bull market bands -- 20w sma and 21w ema -- are at $25 and $26.75, with a high support at 29.50. Clearly we are trading sideways. With an nausea-enducingly wide range. $27 appears to be the VPVR point of control, in terms of volume traded between now and June 2021, which aligns with the bull market bands where we are trading for the last few days. We need to keep above 27, or it means the market makers will bring us back down, and have only used these recent days to load them with better short prices. We'll see. My suspicion (bias alert...hope, i'm fully longed at the moment in my own trades) that is we will move to the upside for a bit yet still. I'm happy to see that we closed the $25 levels. Some lost LINK and USDT along the way, i'm sure. But for those HODL'ers out there. This move's for you!
COINBASE:LINKUSDLong
by calmrat
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.
Long
by bizmark
LINKUSDT Next move (4H Time Frame 10%-20% Profit )Link comes up to only complete the double top .price will chase the buttom of the channel from now Also Rsi shows us a powerfull divergence this is just like the last link analyssis in the middle of channel(around $24) there is a chance that btc will pump and make link bullish , BE AWARE. always manage your positions if you see any sign of "bullish moves" make your trade risk free feel free to ask questions or anything else. GODBLESS
Short
by GoodLadd
1
LINK Chainlink: Patterns In MotionHello friends, today you can review the technical analysis idea on a 4H linear scale chart for Chainlink (LINKUSD), a cryptocurrency. The chart is self-explanatory. This is a short-term chart with two bullish patterns (Descending Channel and Double Bottom Pattern) showing potential for upside. Though bullish, volume has dropped and Chainlink may be dependent on where Bitcoin and Ethereum are headed as those two cryptos are largest in the space. Additionally Shown: Ichimoku Clouds, RSI (Relative Strength Index), Stochastic RSI (Stoch RSI), Fibonacci Retracement, Support and Resistance Trendline, and Volume. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. As the year is coming to an end and holidays are almost here. I want to wish my friends Happy Holidays and ready for an exciting 2022! What are your thoughts for the coming year? Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
BITFINEX:LINKUSD
by MillionaireEconomics
9
LINK/USD - Rally to $28, then maybe $38!Link had a fantastic rally in the past week. However, the price is quickly approaching a key resistance. Key Support level: $23 Key Resistance level: $28 After a bullish cross on the daily MACD, LINK entered into a sustained rally with great volume, which has catapulted the price over $20. LINK turned the $23 level into support and is now eying the next key resistance at $28. It is unlikely that LINK can break that level on the first try, but momentum remains strong and favors bulls. Technical Indicators Trading Volume: The sustained volume has put LINK back into the spotlight as the price moved higher. There is no sign of weakness, and the momentum is clearly bullish. This may change as LINK approaches the key resistance. RSI: The daily RSI is moving higher fast, and at this rate, it can soon enter the overbought zone. This is not a concern right now, but it will become important once the price hits the resistance. MACD: The daily MACD has been bullish for a while, and now it also completed a bullish cross on the 3-day timeframe. This is significant and may indicate that the cryptocurrency is due for a sustained rally even beyond the current resistance. Bias The bias on LINK is bullish. The strong volume and price action support this case. Short-Term Prediction for LINK Price LINK managed to surprise the market. The current rally may continue for a while, and the big test will come once the cryptocurrency approaches the key resistance at $28.
Long
by DU09
1