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Chainlinkusd

LINK.USDT (Y20.P4.E8).Macro.Going longHi All, note: This is a continuation post so I'm keeping this short as previous posts explains my approach for LINK. Reference links are below. OBSERVATION: > We have 3 more days for the weekly candle to close and so far, its broken the previous resistance level on the weekly; > BTC dominance has hit resistance and will likely go sideways for the next few days giving the ALTs the chance to go up; > Previous BTC posts explains why we have hit resistance for BTC, its the 0.618 macro fib level, which will be a strong resistance based on this level; > One can observe 2 of the indicators has cross over on the weekly, showing initial\potential reversal; > Looking on the daily, we can see a bottom formation taking place, represented by the orange triangle, chart below; > FYI, the green band was my previous point of entrance as it was the weekly support area which had confluence with the 0.382 fib level + a few more points, but you can look that up my previous posts. >21 Weekly EMA, similarly as BTC, acting as support, this suggest we should keep an eye on this. > Note how price has broken the 0.236 fib level on the macro. All this plus a few more points makes me think, we should be near the reversal stage soon. FYI. If you on FTX, its a good opportunity, risky but can be highly rewarding to go with LINKBULL. Sometimes its better to see a better upward trend before you jump in. All the best, Regards, S.SAri Weekly chart: Green is the 21 Weekly EMA, similarly as BTC, acting as support, this suggest we should keep an eye on this. Daily, BAT harmonic target Another bullish target using the height of the triangle Close up, 8 hrly chart, some upward pressure still there. Note the key levels, needs to hold for the next day or 2 for it to go bullish.
Long
by ssari
2
Link MID term analysis (Ward method)Overall from what I am seeing in these time frames it does NOT look like we are ready to enter a bullish trend in the mid term time frames. We are likely to trade sideways at best allowing time for the green to come out to the side and get above the white energy and the red RSI to come up above 50. At worst the green line falls with the energy and stays below it with the red RSI turning back down. This would mean downward price action is occurring and will likely continue,
by beastedz
2
LINK two waysPlease feel free to share your view on this pair down below in the comment section. I'm more than happy to be challenged and have an interaction on this idea. Also make sure to leave a like as it helps me out a lot! ------------------------------------------------------------------------------------------ - Uptrend - Bear flag; flags tend to break against the trend - 50MA resistance If we hold $10, we could see price going up If we break $10 the bear flag will likely follow
by Coinathlon
1
Trading diary- Public trade 01- Chainlink trading 01I have finished my very first bot that has a very peculiar strategy. My strategy isn't to maximize profit, but rather minimizing risk. I have backtested it and it has been ready since July or august so I haven't been trading because I didn't have an entry. My strategy is very simple: I long when my bot tells me to long and I exit once it tells to exit. I don't short. Maybe in the future I will work on something, but the idea here is to make as much profit as possible effortlessly. The idea here is to make a public diary. I entered the trade around 10.80. My bot is still under construction, this is just the mvp , I will be improving it on the go. My target is around 80-100 usd within the next 5-6 months. The trade gets invalidated if we close below 7.36 for at least a month. On the picture below you can see my guess of what is going to happen. Just a reminder, it is just a GUESS, I don't and I won't trade on guesses, I trade once a few conditions are activated, this is just for entertaining and marketing purposes :) I, Pepe Giovanna have a dream!
Long
by CryptoWarudo
2
LINK.USDT (Y20.P4.E7).What's next?Hi, *** This is another continuation post (v2) from the previous one, as per my posting methodology where I like to link the trading story where its applicable *** Link supplied below: Just before I dig into my thoughts, Peter B gave out this tweet which said: Charts do NOT predict prices. No form of TA predicts prices. Charts suggest the path of least resistance Charts provide a means to determine the risk of a trade Charts offer help in timing Charts offer POSSIBILITIES, not probabilities and certainly not certainties MY THOUGHTS: ==================================================== Note: Log on chart is not enabled. As per chart, we see the following: a) A possible Wedge breakout or channel breakout; b) The weekly support line (green band) had confluence with the 0.618 retracement, if I recollect correctly. Refer to my previous posts. c) For BTC or LINK in this case, to break a major resistance level, being the next fib level as well, it might require a buildup. As you can see, I have the place 2 fib levels, macro and minor levels. Currently the resistance is at the minor level and my focus. d) I'm looking for a ABC impulse move or what I think is more likely a Elliot correction wave of ABCDE as a bottom formation, hence a bullish pattern. This area does lean towards a bottom formation but its yet to be confirmed and its in line with my thoughts on BTC, a ranging price where there is a key resistance (BTC 11400 to 11600). e) I see the red line most likely scenario, on what little money I have, I will buy that dip, if BTC demonstrates something similar as well. f) If LINK hold this $10.3 level and accumulates, then the blue arrow path is likely, but if it drops below $10.3, then that black band ($9.6) is likely to be revisited, hence forming another lower high, potentially and agreeing with the thesis of my yellow ascending triangle. What are your thoughts, bullish on LINK? Please give me a tick or like for this post. Regards, S.SAri 8 HRLY Chart, using the EMA ribbon for confluence with the fib levels to equate support levels. PREVIOUS POST:
Long
by ssari
2