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Chainlink

Will Chainlink Coin Price Have Positive Breakout From TriangleThe technical chart of Chainlink coin price reflects on the magnitude of the negative momentum faced during the past couple of trading sessions which was halted at the support level of $12.00. The price levels were able to revive positive momentum from the support level and will be looking for a positive breakout from the descending triangle pattern. For having a positive breakout, the price levels must break above the 0.382fib level. The moving average convergence & divergence (MACD) has formed a bullish crossover and the levels looking for a positive breakout above the histogram line. The relative strength index (RSI) has also regained bullish levels after facing multiple negative dips to the oversold region and currently stands at 51.87. Resistance Level: $15.50 & $18.50 Support Level: $13.00 & $12.00
KRAKEN:LINKUSD
by tcr_thecoinrepublic
💡 Don't miss the great buy opportunity in ChainLink/BitcoinTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.000406). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . ChainLink/Bitcoin LINKBTC is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 57. Take Profits: TP1= @ 0.0004725 TP2= @ 0.0005323 TP3= @ 0.0006178 TP4= @ 0.0007162 TP5= @ 0.0008653 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
5
Is Chainlink Price Level on the Roadmap For Recovery?The technical chart of Chainlink forms a descending triangle pattern over the levels after the crypto asset reached a critical resistance zone around $16.00. Thereafter, the price levels faced sharp negative divergence from which the bounce-back was provided at 0.786fib level. Chainlink is currently facing major resistance which is placed at 0.382fib level ($14.20) and looking to build stability above 0.786fib level. The moving average convergence & divergence (MACD) had a bullish crossover which is backing the current positive move but looking vulnerable for another bearish crossover at the same time. The relative strength index (RSI) has formed a rising channel pattern in the levels after touching the oversold region twice while the current level stands at 42.63 and moving positively. The directional movement index (DMI) is also showcasing positive sentiments as ADX (33.93) moves well-above -DI (26.39). However, ADX is currently showcasing negative nature and needs to avoid it for a longer timeframe. The overall market conditions have turned positive which can back the current positive move of the digital asset. However, there’s still room for improvement in the technical levels as it looks vulnerable to another negative dip. A positive crossover above $13.00 can provide surety for the retesting of the resistance level. Resistance level: $14.50 & $14.00 Support level: $12.00 & $11.80
COINBASE:LINKUSDLong
by tcr_thecoinrepublic
Two buy opportunities on this chart for LINKBTCMid-Term Forecast Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (0.00110). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . LINKBTC is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 50. Take Profits: TP1= @ 0.00139 TP2= @ 0.00153 TP3= @ 0.00169 TP4= @ 0.01153 TP5= @ 0.01360 SL= Break below S2 --------------------------------------------------------------------------------------------------------------- Short-Term Forecast Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (0.00114). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . LINKBTC is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 52. Take Profits: TP1= @ 0.00129 TP2= @ 0.00139 TP3= @ 0.00153 TP4= @ 0.00169 TP5= @ 0.00192 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
12
There is a probability of resuming the uptrend in LINKETHTechnical analysis: . ChainLink/Ethereum is in an uptrend and the continuation of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 62. . While the price uptrend in the Daily chart is not broken, bullish wave in price would continue . Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00123000 to 0.00103000). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00123000) Ending of entry zone (0.00103000) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.00142900 TP2= @ 0.00167600 TP3= @ 0.00207500 TP4= Free
Long
by ForecastCity