Linklong
LINK Head N Shoulders?Two periods of tight accumulation can be seen within the rising (expanding) broadening wedge, followed by a move upwards.
At a glance you cant really see the H&S, but on an angle it is evident
Following this possible move down, an entry would be amazing. I possible will enter myself.
We will see how it plays out.
USD pair
LINK Chainlink long to 40$ in intermediate W3 and 60$ in Main W5Hi everyone,
sorry if this chart look like a mess!
You need to keep in mind that this Elliott Wave scenario is without a doubt realistic for Chainlink . Main wave 3 can make an extension to 66$, it's something possible, but it's always better to place your strategy inside a reaslistic scenario and take some profit on the most probable fibs... don't try to catch the ultimate top cos you can get smashed at top. Most probable targets of Wave 3 are 161.8%, 261.8 and 361.8%, try to take some profit on everyone.
ChainLink is an awesome project, one of the strongest in the crypt industry but keep in mind that ChainLink supply is at 407 009 556 LINK and will be 1 000 000 000 (inflationay) LINK (total).. which mean that ChainLink would not be a longterm play for me like another deflationary asset that have almost the same or stronger fundamentals but with much less supply like Elrond - EGLDUSD Egold... which will be at 21 000 000 EGLD like the Bitcoin.
If you have any question(s) or would like to contact me in private, don't be shy.. i will do my best to help you !
Have a wonderful sunday!
Crypto Mercy !
$LINK is trending What a beautiful week to pass. now it's chainLink's Turn to take off! the price had squeezed properly and it broke out of the upper line which is a robust S/R zone. Now the Link is pulling back to retest the breakout zone and continue its way through the target. Link is ready to BOOM!
LINK/USDT purchase in anticipation of growthHello, Traders!
The asset has passed the sellers' interest zone of $17.33-19.30 which was holding back the price in the summer of 2020.
In order to go further up the buyers need to consolidate above this zone and protect their purchases, after which the upward movement will continue.
The current uptrend line is sharp and less reliable, so in the coming days, we can expect a breakdown of this trend line and the fall of the asset into a correction.
At the moment, the market is under selling pressure and traders are fixing their long positions ahead of the ETF launch on Ethereum.
As a medium-term buy trade, you can look for a range of $17.33-19.70 with SL at $16.15
If the upward movement continues, the targets will be Fibonacci levels:
$24.50
$29.69
$32.90
$34.89
Good luck and watch out for the market
P.S. This is not a piece of financial advice but only a trade I would be following myself
Target projection for the next scenarios in LINKUSDT 1HTechnical analysis regarding the price of CHAINLINK in relation of dollar Tether for the next scenarios, based on 1 hour movement.
The price has been moving, forming rising tops/bottoms. However, it arrived in that region where it accumulated.
I believe that by breaking this region of resistance that we find, the price will seek the projected targets.
disclaimer
*** This is not a recommendation to purchase and/or sale. It is for educational purposes only. ***
LINKUSDT LongI am expecting a scenario like this, if LINK Cant pierce through the trend resistance then it should come back down to the golden fib zone forming a higher low close to the resistance and will most likely breakout with a powerful move. Keep an eye on this movement. Set your SL according to your own plan (Ideally below the closest structure. Good Luck and Happy Trading.
Chainlink (LINK) Is Running Out Of RoomCHAINLINK (LINK) has been in a long accumulation period for over 4 months now and it is lately running out of room in a symmetrical triangle. As markets are very bullish and all Altcoins are popping in waves one by one, LINK has been very much silent for an extended period of time. If you want to invest in crypto and have some solid gains with minimum risk, LINK is one of those safer bets you may get in the market. You may either buy the breakout of the triangle or dollar cost average your investment and let it ride the wave.
Best regards,
LINK/USDTI have two plans for LINK
🟢1️⃣ As you can see, it is in an upward trend and if it can continue this trend, it can reach the specified levels 14,22 14,8 ...⬆️⬆️
🔴2️⃣ Or it can not continue its upward trend and correct to lower levels↘️↘️
Consider sensitive market conditions and make careful, patient, smart purchases 😌😇...
Good luck friends ✌✌
.. Like and comment please♥️✏