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Chainlinkbtc

LINKUSD: Should We Expect More Upside Movement? 🥹 | Jan. 13This week, we will stick to the 4-hour time frame to analyze the price action in detail. The bulls seem to be in control after another strong week. After a strong rally last week, LINK was able to extend its gains to hit a new swing high of $7.1. We can see some consolidation happening now which was expected after the sharp rally that started earlier this month. In our previous analysis at CoinMarketCap Alexandria, we had anticipated a move to $7.35 - it was almost achieved earlier this week. The supply zone at $8.51 will become the new target once the resistance at $7.35 is regained. This view is only valid if the price can sustain itself over $7.35. It is very important for the price to sustain over $6.30 right now, as a breakdown from this level could lead the price to $5.6. Traders must still maintain caution by waiting for a reversal from the support at $6.30. If a reversal is seen, then the coming week may be more favorable for the bulls! The important price levels for this week are $6.5 and $7.35!
by CoinMarketCap
Good set-up on ChainLink Crypto Hello Traders, I been viewing it in last couple of days and hoping for a good set-up, well it is happening. A wonderful set-up with RR (Risk-Return) of 2x or more. Price Action in Daily candle sticks chart tells-us that ChainLink has secured a support at 18.20ish and it is ready to rise above 30 level in 60 days. Strategy = Long Position Duration = 60 days Entry = Spot (current rate) or anywhere between 18.50 and 22. Use averaging method. StopLoss = 16.5ish, it should not touch this level because you will notice strong upwards push when prices get close to 18ish levels. Target = 30 and above. In coming days you will see price struggle between buyers and sellers at 23 levels but once it is broken there is not stopping back till it hits 30 and above. Remember to use risk management. Use 1%, 2%, or 3% of total Capital to place trade. Happy trading Disclaimer: Above idea is based on my thoughts and not a recommendation or advise to buy/sell. I strongly recommend you to abide by risk management policy laid down by your country's' regulatory board.
Long
by HerschelleGirnari
1
LINK/BTC. ChainLink Strong Bullish Signal 60% and 3x Targets.This is a trade I've been anticipating for a long time. ChainLink is finally showing signs of reversal of the bearish trend that lasted for a year and a half since August 2020. ChainLink has been consistently outperforming Bitcoin. I expect ChainLink to climb 60% by February 2021 and to triple versus Bitcoin by July 2021. If you consider that Bitcoin itself will double in price by July 2021, then ChainLink would 6x vs USD by that time. Be mentally prepared to lose about 25 to 30% of your capital on this trade. Set a generous stop loss and do not risk an amount that you cannot afford to lose 30% of. But whatever you do, do not ignore setting the stop loss. Watch the video for more details and good luck.
Long
by TechNerdOmar
5
LINK Making Gains On BTC!!?Chainlink on a weekly timeframe has broken out against BTC and we are looking bullish! Ontop of that good news we got some more amazing news from Sergey Nazarov, Chainlink staking is going to be released this year! Absolutely huge news and a big win for the LINK community, the people have been waiting years for this to happen, once the news comes out where staking is live i expect link to see some massive volume and likely a lot of FOMO! Our first test for Chainlink on the weekly is aprx 0.0005 BTC. Looking at the RSI we have broken nicely above the yellow SMA and we are heading to the upside where we will be approaching the very important midline, we gotta break up and above here and hold it for us to regain an uptrend, being below this level keeps us in a confirmed downtrend. The MACD looks good we seem to be coming out of a double bearish cycle with our histogram now right on the midline, the goal here for weekly close tonight is to print a strong green bar on the histogram and then afterwards continuing to print green bars that are increasing everytime, its also looking like we are going to see a bullish cross which is always a good thing and due to our previous 2 bearish cycles this next bullish one could be huge! Now the Wavetrend is sending off some bullish signals aswell, we have bottomed out and we are making a very healthy rounded curve for our reversal, keep in mind just on the daily chart this is a slow moving indicator that usually doesnt make sharp moves, on the weekly its even more powerful and slow moving, we could be in for a big bullish wave coming up soon, especially because we have seen quite the downside over the past months! Not financial advice just my opinion!
Long
by JacobR905
LINK Buy of a lifetime (Analysis) 🐂LINK is forming a solid pennant that it's been respecting since September of 2020. I believe the earlier pump was simply deviation, and that the real breakout is still coming. A buy at the current price ($20) is further supported by the Stoch RSI, where each time it's bottomed out has been a great opportunity to buy. Based on the fib retracement from the last pump to the last low there is big resistance right around where a breakout from the pennant would be. Breaking this area although difficult would mean clear skies for the bulls. I'm currently looking for buys in this region with a stop loss outside of the pennant, the risk to reward ratio is too good to pass up. That's also only considering the price action, this isn't considering the utility LINK brings to the table. I won't go into too much detail here, but in summary, it facilitates the transfer of data between on-chain and off-chain smart contracts which is essential for real-world applications. If curious look into the relationship between PayPal and Chainlink. The long-term value of LINK is undeniable, I am very bullish.
COINBASE:LINKUSDLong
by sachu_blessyou
2
Critical Situation on ChainLink ChartThe Crypto market is now suffering from an intense drop since Bitcoin fell down below 52K level. And now a huge Head and Shoulders pattern formed on the ChainLink weekly chart. The bullish and bearish scenarios depend on the very important key level at $15 - $16. If this support level breaks down the next important level to test will be around $10.6 and in case of losing this level the H&S pattern will be confirmed and the pattern projection will be around $3.9. In another bullish scenario, the first key level at $15 - $16 will be held and the price will bounce at this level so we can expect to test the two important resistances ahead in order to achieve higher targets at $76 and $110.
by farhadnmd
2