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Chainlink

LINK Is Trading Too Close to Support! What's Next? 😨 Nov. 18In our previous analysis, we ascertained if the support at $7.5 is taken out, the price will test the last standing support at $6.2. At the time of writing, LINK is trading dangerously close to the support at $6.2, and it looks like a breakdown could be seen soon. If this support is broken, traders can expect the price to collapse to $5.2, which is the 52-week low. Therefore, traders should proceed with caution until LINK is able to reclaim the resistance at $6.5.
by CoinMarketCap
1
Chainlink has between January-March 2023 to make a decision Chainlinks capitulation since it's possible bottom just above $5 has been trying to fight through resistance above the $10 area. Anticipate more of the same unless new news on any further innovations that can be made to boost its value. Chainlink has made headlines but due to current social media hype and media manipulation of what is in store for crypto as a whole, greatly effects and always will effect the current market. Look for a retest to $9.75 area and watch ur bottoms as this could be yet another sign of a bear winter. Look out for a long green candle around $8.90 and a false break above $10. Set you stop loss at $9.25. Just my opinions and not advise by anymeans. Do ur own research. Good luck and happy trading!!!
L
by Brother-Doug
#Chainlink is up 20% in 5 months, will LINK drop below $5.5?Past Performance of Chainlink Chainlink prices have been edging higher after losses of June 2022. As an illustration, the token is up 20 percent from June 202 lows at press time. Despite the confidence, sellers have been resilient and unwinding all attempts of higher highs, per the development in the daily chart. In the days ahead, how prices react, especially at $5.5, would shape the medium to long-term trajectory of LINK. #Chainlink Technical Analysis There are attempts at higher highs in the LINKUSDT price action, visible in the daily chart. At spot rates, LINK prices are steady and within the November 9 bear candlestick. Overall, LINK is within a bear breakout formation, slumping below the multi-week trend line connecting monthly lows from June through to October 2022. The November 8 and 9 bull bars are also engulfing, cementing the preview of sellers. Per the candlestick arrangement in the daily chart, sellers can double down, targeting $5.5 whenever there are weak attempts to retest November 9 highs at $7.8. Buyers will only be in control if there are sharp, high-volume gains above $7.3 and, ideally, $9.3. If not, losses below the current consolidation at $5.5 may see LINK drop to $4.5, even lower. What to Expect from #LINK? LINK bears are in control, taking charge from an effort versus result perspective. The immediate resistance line is $7.3, while the support is $5.5. As bars band along the lower BB, Chainlink might likely register new 2022 lows. Resistance level to watch out for: $7.3 Support Level to watch out for: $5.5 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
CHAINLINKHello Traders/Investors, hope you trading journey going good, So welcome back to an another premium analysis. chain-link always rank in top ten coins & trade with high volume mostly. so it is trading in range & will break below soon. here is to option to enter in it. 1st is Long wick break below & candle close in current range'' this will be very fruitful trade. 2nd is Range will break below properly & link will go downward to its lower demand zone & institutions will buy there. both are strong zone you can buy in parts & at single point also. stay safe & stay tune with us. thank you.
by Naveed_Azam_Zarrar
1
FTX - A Failure of Crypto, or Fiat?Binance recently announced that they will not be going forward with FTX's bailout - so the future of the company and its holders still hangs in the balance. (The FTT token has been removed from this site since, but last I checked it was down 95%+.) Is this the "end of crypto"? Well, not quite - MATIC, ATOM, DOGE, ETH, LINK are still in up in the last 6 months, despite the recent drop, highlighting the fact that the fact that the appetite for taking bets on the crypto market is still there. Given that the recession woes are still there, many are likely still on the sidelines waiting for the market to bottom out before deciding to get back in. The downturn was expected, but it's also possible to make the argument that the industry is still doing better than expected. Here's the tricky part: the FTX scandal is triggering for a lot of people in finance because FTX had their hand in basically everything: crypto, fiat, regulators, celebrities, political parties (SBF and his families have strong ties to the Democratic Party, as records show), the media, and the banking system - both old and new. Unlike previous scams/scandals (e.g. Mt. Gox), FTX had the buy-in of mainstream money and institutions (including regulators) which also calls into question the effectiveness of the institutional safeguards as well. Who's fault is it? There's likely going to be a lot of finger-pointing in the upcoming months as the mess gets sorted out, but the question for investors right now is whether or not the market is going to see this scandal as a failure of the industry, or a failure of the regulatory framework that currently exists. So far, the results are still unclear. The irony of the FTX scandal is that these were the sorts of problems that crypto set out to fix - had they used crypto for its intended purpose (on-chain governance, transparency in their financial records and dealings), it's very likely that these issues would have been caught way earlier before it became too late. Some will leave, some will stay, but the ideal outcome to come out of this scandal would be for the people themselves to demand higher standards in accounting and fiduciary duties.
Long
by RyanTanaka
Preparing for Big Chainlink TradeTime is coming , we are approaching October 2022 and when October comes and this 3.618 Time Fib hits we are going to get a candle breaking us out of this triangle. It is in fact Chain link time fib count on the LINK/BTC dominance that started to unlock this powerful fib time sequence for Bitcoin and link itself check it out below. It is still a 100% win rate fib count to this date , yes 100% check it out , last count did not act as pump but showed us a LINK bottom. Come October we will get a breakout of the Dominance I expect . 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. I go over this in more detail in the TA below . Not only do we have this insane Fib count for Chain Link but if you check the TA below and press play you will see something amazing unfold. The game plan is as follows , stock up on x3 leveraged tokens on FTX exchange ,they are one of the few that offer LINK tokens x3 , we ride it up to 24-30 dollars from October 2022 to February 2023 , no funding rate fees, no liquidation number to think about just sit back and let it ride. I have a lot of confidence trading Link fib time sequences so we going big on this one no holding back.
COINBASE:LINKUSDLong
by Sporia
18
Waited 539 days for this moment (LINK)The moment has finally come after waiting since Chainlink cycle peak May 10th 2021, its been 539days of downwards(since Cycle peak ) resistance on the dominance but finally we have a clean break. This chart has showed us the future step by step and has been correct all the way. This Fib time Chainlink count has been correct for years now. This was the strongest clue for me that the bottom was in for crypto , the last fib count on May 23rd 2022 signaled a bottom for the dominance and for the price of chainlink. out of all the evidence that came in that the Bitcoin bottom is in , well atleast the "first" bottom , this was the chart that confirmed most things for me . The time fib count yet again happen to be a important moment for chainlink showing that chainlink bottomed around this time. Since August 2020 link has been moving down in domaince vs Bitcoin but finally we have had a major breakout which should signal a big move for Chainlink price since historically thats that what happens when dominance goes up. There is another Time Fib count im following on chainlink aswell but this time its on the price chart check it out below. What is also very interesting is that the 618 fib is where chainlink cycle peaked, so is it possible that we going to make a move up to 618? Its been an amazing couple of years using this Fib count for Chainlink and as each count passes the time for the next extends so the next date is April 2024! .
Long
by Sporia
5
#Chainlink Drops 22%, Triple Tops Forms Past Performance of Chainlink Chainlink is down 22 percent from this week's highs as bears wreak havoc. Technically, there is a bearish engulfing bar with high trading volumes pointing to participation and, mostly, the exit of liquidity. As it is, LINK traders can search for entries to dump the token, expecting further losses toward 2022 lows in the short to medium term. #Chainlink Technical Analysis There is a triple top formation in the daily chart. Notably, the November 8 bar is with high volumes and wide-ranging, rejecting gains above Q3 2022 highs at around $9.5. Therefore, since the trend has been developed and fundamental factors support sellers, because fear grips the market, aggressive traders can look to unload with targets at $6.2 and later $5.2—2022 lows as they realign with the primary trend. This was established in H1 2022. Presently, losses that push LINK to print new 2022 lows will be in continuation with early this year's losses. What to Expect from #LINK? Traders are apprehensive and looking for safety. Subsequently, most, as the chart shows, are dumping the coin, contributing to the sell-off. As long as LINK is below $9.5, the token might drop to new 2022 lows. Resistance level to watch out for: $9.5 Support level to watch out for: $6.2 Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
1
ChainLink - Looking StrongI like this chart of LINK to be honest, nice ranging for some time of consolidation - looks primed for a decent move up. Breaking the mid-range now to the upside - want this to hold. Nothing to get too crazy excited about yet, but breaking above this macro (larger) range would be huge, that is what I'm anticipating. I've watched this same chart for some time and it is respecting levels nicely, grinding up and holding demand. LINK Marines may just push this one higher. V
Long
by cryptovatsik
LINKUSDT The link has broken through the accumulative triangle and goes to its strongest resistance at $9,360, before going through resistances at $9,009 and $9,360. From the top (05/08/2021) until today, LINK has already corrected 80.93% and in view of the very high foundation it has, we may have ascending times close. His next supports are at $8,764 and $8,591. Your RSI on the 1H chart is overbought, so be wary of going long. **All descriptions are for reference only and do not guarantee profit or loss on the investment.NO INVESTMENT ADVICE. www.tradewithrenato.com
by ferulianov
1
Chainlink (LINK) - November 5Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (LINKUSDT 1W Chart) Whether the price can rise above 11.064 and sustain is the key. (1D chart) If the price is maintained by rising above the 8.290-8.822 section, it is expected to rise above 9.869. However, the key is whether it can move above 11.064, which is an important support and resistance point, so you need to think about how to respond. The reason is that the trend-determining interval is formed over the 11.976-15.374 interval. If it goes down, you should check to see if it finds support in the 6.7-7.411 zone. If it doesn't, it is likely to drop to around 4.976. ------------------------------------------------------------ ------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator contains indicators that indicate support and resistance points. ** HA SRRC indicators are expressed as StochRSI(line), RSI(columns), CCI(bgcolor). ** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100). (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
2
LINK may be breaking up from triangle; nearing daily goldencrossLooking at the weekly chart here to get a better view of this pink triangle’s trendlines. We can’t see on this chart how close the daily charts golden cross is from happening but it appears to be less than a few daily candle closes away from occurring. If this symmetrical triangle confirms its bullish breakout the target is around $11.32- $11.47. Reaching this target would bring price action up out of a much larger triangle that its been in for far longer that has a much larger breakout target to go with it, however we can see the stoch rsi on the weekly chart has ventures into the overbought zone so it increases the odds that when price action first retests this yellow trendline on the way to the target it will encounter it as resistance, same with the descending white trendline as well. The stochrsi is also overextended on the 1 day chart too increasing the probability that price action will encounter resistance along the way to the breakout target that may result in some level of correction. Still always possible it finds a way to break through both of these resistance lines with ease just a lower probability with stoch rsi already in the overextended zone. If it can sustain the breakout and reach its full breakout target then I believe it will sustain the daily chart golden cross and in time trigger the breakout from the much larger triangle pattern as well. *not financial advice*
COINBASE:LINKUSD
by DrDovetail