Linkbinance
LINK / USDTLINK is building a symmetrical triangle pattern on the 4 hr chart.
Depending on the overall market mood and BTC movement, can break to the upside or break down to continue the bearish trend.
Hoping for the upside.
Picked up some CHAINLINK for the mid-term during the dip at 31 USD.
*A symmetrical triangl e chart patter n represents a period of consolidation before the price is forced to breakout or breakdown. A breakdown from the lower trendline marks the start of a new bearish trend, while a breakout from the upper trendline indicates the start of a new bullish trend.
LINK Chainlink long to 40$ in intermediate W3 and 60$ in Main W5Hi everyone,
sorry if this chart look like a mess!
You need to keep in mind that this Elliott Wave scenario is without a doubt realistic for Chainlink . Main wave 3 can make an extension to 66$, it's something possible, but it's always better to place your strategy inside a reaslistic scenario and take some profit on the most probable fibs... don't try to catch the ultimate top cos you can get smashed at top. Most probable targets of Wave 3 are 161.8%, 261.8 and 361.8%, try to take some profit on everyone.
ChainLink is an awesome project, one of the strongest in the crypt industry but keep in mind that ChainLink supply is at 407 009 556 LINK and will be 1 000 000 000 (inflationay) LINK (total).. which mean that ChainLink would not be a longterm play for me like another deflationary asset that have almost the same or stronger fundamentals but with much less supply like Elrond - EGLDUSD Egold... which will be at 21 000 000 EGLD like the Bitcoin.
If you have any question(s) or would like to contact me in private, don't be shy.. i will do my best to help you !
Have a wonderful sunday!
Crypto Mercy !
LINKUSDT(Channel Breakout)LINKUSDT Technical Analysis Update
Channel Breakout
LINK/USDT currently trading at $22.76
LONG ENTRY level: above $22.95 (only enter after 1 h candle closes above 22.95)
STOP LOSS: below $21.6
Target 1: $24.00
Target 2 :$25.79
Max leverage: 4X
ALWAYS KEEP STOP LOSS...
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LINK-4h. The critical point is $ $22.3-22.8 and falling to $17.Three attempts to break the range of $22.3-22.8 , which buyers made in the period from 16 to 19 January did not work . It was this range that did not allow the LINK price to accelerate the trend and gain a kept above the white growth channel.
Thus, the LINK market has stopped consolidating, and now the price is trying to re-test the range of $22.3-22.8.
On January 19, low-volume buyers tried to take control of the range. However, the attack ended in a failed high and a local prices reversal. If this scenario is repeated and buyers do not increase aggression - the $20.3 mark will be threatened.
Having lost it, buyers will be forced to retreat to the range of $17-18. Globally, the correction can be much deeper. Check out our global LINK idea:
If Buyers can take contro l of the range of $22.3-22.8 - after fixing the price, the next target is $28.5.
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LINK/BTC (Healthy Correction?)LINK/BTC
-ChainLink is on a 4H downtrend
-The important area of support is at 0.001 range
-That zone is a confluence of 200ma dynamic support
-Keep an eye of this level, the potential bounce is highly possible
-But always wait for any reversal signs before opening a position
LINK/BTC (Potential Local bottom?)LINK/BTC
-We can see two bullish rejection at the last support area last July 10 trading
-They can also touch the lower trendline of support
-If LINK can hold or consolidate at this level for the next 2-3 days
-There is a chance to set this level as a temporary bottom
-A potential pullback to retest the downward trendline resistance around 70000 sat
-It is still safer to wait for the market to cool before entering a position
-Do not rush into a trade if you do not have a plan
LINK/BTC (Uptrend continue?: up to 50% profit)LINK/BTC
LINK has found the same support at the upward trendline and 200MA support area.
The 33300 sats area also coincides with the previous resistance area which is now a new support territory zone.
The priority again goes to the upside and our target is the swing high and stop-loss is below 200MA.
LINKBTC formed Butterfly | A good short term long opportunityPriceline of Chainlink / Bitcoin has formed a bullish Butterfly pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00030331 to 0.00029923
Sell between: 0.00030648 to 0.00031415
Regards
Atif Akbar (moon333)
LINK / BTC - Binance (4H)I’ll try to re-buy on the first interesting candle from the watch (on the screen 4H). According to the indicators, the trend is still very upward (without much easing and discrepancies), so checkmate. waiting in our direction.
You can try to put a limit on 27,000 sat, in case of a quick spill
• Goals and stops on the screen
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In general, LINK paired with the dollar follows the scenario that I described in yesterday’s video. The range of $ 2.5-2.6 currently looks like the edge of all growth from $ 1.5, at least before a good correction.
Powerful news.
Together with Intel, Hyperledger, EntEthAlliance and others, we are pleased to introduce the new Trusted Computation Framework, which uses public blockchains, data and trusted Chainlink computing to stimulate the implementation of corporate blockchains.
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