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Chainlinkusd

Chainlink--Correction ContinuesI'm a seller here. A serious neckline has been broken, with further drop expected. I'm making no bottom prediction here. Reasonable expectation is the .618 fib retracement level at 8.6. Another is the bottom line of the trend channel shown, since corrections very often are contained within trend channels. As I previously indicated, this is an EW wave 4 correction at primary degree. Wave 4's very often form a triangle, however, that is not likely to be an option here, although remains so on the LINK/BTC pair. At any rate, it is unusual for a wave 4 to make a deep correction, and in any case may not descend beyond the top of component wave 1 (which in this case is at 5).
BINANCE:LINKUSDShort
by TeKay
Chainlink--Breakout StakeoutThe chart shows Chainlink at an important decision point (against both the USD and BTC), a classical triangle with lower highs and higher lows. The lower line represents an important head and shoulders neckline which if violated will signal a likely substantial descent. The upper line has been well respected by price action so far and a breach will likely mean a resumption of the uptrend. Is it possible that the 12.90 low so far in this correction is as low as it goes? Yes. That point is almost exactly the .382 fib retracement level, which is very common for an Elliott wave 4th wave correction. The wave degree is apparent on the Binance charts. Chainlink peaked on 16 Aug marking the end of an EW impulse wave 3 of primary degree, with the wave 1 previously peaking on 29 Jun 19 and corrective primary wave 2 ending on 13 Mar 20. I’m a seller if/when the neckline is broken; a buyer if/when the upper trendline is broken.
BINANCE:LINKUSD
by TeKay
LINK.USDT (Y20.P3.E5.v2).Getting ready *** This is a continuation of the previous post, link below *** Steady as it goes, still waiting for that BTC to find its support base. 11,050 to 11,150 is the next layer, after that, 10800'ish. As I stated in the past posts, its likely BTC will descend slowly and boringly, ranging until it makes its next move. During that time, its likely the ALTS will continue some upward momentum. Based on the BTC dominance chart, it to is moving sideways. Hence LiNK has found support around the $12 from the $20 time high, so a significant pullback has happened. My theory for now is that this is a re-accumulation point. I do have 2 scenarios, the other is the chart below, based on the LIVERMORE chart structure. One good thing going for LINK is the reveral on the Phoeix indicator however both need to be above 50% before we can feel confident that momentum to the upside is back. Regards, S.Sari Overview: Wave 5 completed, ABC correction in place, now has this completed? The 1 to 15 stages are based on the LIVERMORE chart. LIVERMORE chart alignment Note on the 8 hrly and daily chart, we have the RSI point of bullishness broken. Not a good sign. PREVIOUS POST.
Long
by ssari
2
LINK.USDT (Y20.P3.E5).Rare Gems.No.1.Get ReadyHi All, Ref B/Chart Target 2 on my chart has been hit with a good response. Hence it leaves me to believe that this can be an area of accumulation and most probable for BTC the equivalent. The formation can be a bull flag. If it is to be an area of re-accumulation, I anticipate that both BTC and LINK will be holding up the price for a few days. Come Monday or Tuesday, it will be interesting to see what happens with the SP500. If it starts to go up, understand BTC will as well. As per my SP500 post, if it heads towards the average of the channel, then I see BTC testing 11150 and possibly 10850. Today I did buy some LINK with some hesitation as its a key level just like for BTC. PS. I read something recently that said, if the pullback is 40%, its would be normal for a bull trend. If its 50%, then that's too deep and will likely go back to where it started the trend, that is Target 3. Now its a matter of watching and potentially buying up more if its starts playing out as I described. All the best, S.Sari. High level view looks like a bump and run structure being setup. (BULLISH) PREVIOUS POST
Long
by ssari
2
Chainlink Technical Analysis: LINK/USD Tumbles To $15 LINK/USD tumbles from the recently traded all-time high to test support at the 38.2% Fibonacci level ($15). LINK/USD likely to settle for consolidation as the RSI moves horizontally around 44. Chainlink made a remarkable move this month, trading new all-time highs at $20. Unfortunately, the bulls lacked the momentum to sustain gains above this level, leaving LINK open to devouring by the bears. A reversal occurred on Tuesday, sending LINK downward within a descending channel. Fortunately, buyer congestion at the 38.2% Fibonacci level, of the last swing high at $20.17 to a swing low at $12.09 put a stop to the declines around $15. At the time of writing, LINK is teetering at $16.35 while struggling to hold above a newly established short term support at the 50% Fibo. Glancing upwards, the fifth-largest crypto will encounter more hurdles at $17 (61.8% Fibonacci level), the 100 Simple Moving Average (SMA) at $18 and the all-time high at $20. From a technical angle, Chainlink is likely to settle for consolidation under the resistance at $17. If support at $16 fails to hold, the recent buyer congestion zone at $15 will come in handy to ensure that no more damage is made to the accrued gains this month. To put that into perspective, the Relative Strength Index (RSI) is moving horizontally at 44. This follows a rejection from levels around 50. Recovery of the Moving Average Convergence Divergence (MACD) has stalled under the mean line. On the bright side, the presence of a minor bullish divergence above the MACD hints that buying pressure is present. However, the buying activities are not strong enough to keep the price moving towards $20, at least for now. Therefore, consolidation is the most probable action for LINK/USD in the short term. LINK Intraday Levels Spot rate: $16.20 Relative change: 0.0178 Percentage change: 0.21% Trend: Consolidation to take precedence Volatility: Low
BINANCE:LINKUSD
by CoinGape
2
CHAINLINK Chart Analysis Brief Projection To Help Better understand mY projection and Price Targets i did this chart using the Fib Circles. as you view in the First pic you can see how accurate the support and resistance points are lining up with the fib circles. moving on to the second chart pic you can see how the fib circles crossing thru each other are also holding support and for each line we touch we are usually bound to pull back slightly to help break resistance to spring for a pump. sometimes we break right thru resistance with strong pumps. so understanding this pattern will help you understand why Chainlink needed the slight pullback today. the dump was caused by a liquidation event according to trading view pulling chainlink back by 20% in 30 mins. back to the charts though as of right now chainlink could fall a little lower to $16.22 before tracing up the 2.618 fib so i am expecting by the end of the night tomorrow for link to shoot back up to $18.26 and maybe pulling back slightly again i'm not expecting to much pumping at the moment how ever i did notice a small bullish divergence on the RSI for the 1h chart which shows we are oversold. just my chart analysis and price predictions ( THIS IS NOT FINANCIAL ADVICE, This is simply a idea from a fellow trader you are the only one responsible for your own Gains and your own Losses) Long term im very bullish with chainlink and many other coins
BITTREX:LINKUSDLong
by kezzyrose412
LINK CHAINLINK retracement levelsChainlink, Tellor, and Band Protocol all provide what are known as “oracles” for decentralized applications. Oracles connect off-chain data to decentralized applications — a service that has become increasingly important to DeFi. I`m looking for a retracement to 0.618 level or 0.00085270btc. If you are interested to test some amazing BUY and SELL INDICATORS, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
Short
by TopgOptions
7