LINKBTC
Is LINK ready for another leg up60% correction in 80 days, LINK barely wicked in demand zone, currently trading below the resistance.
The daily chart shows some early buy signals, wave trend slowly changing to the upside, OBV also pointing upside but still in negative territory.
One more touch and bounce in the demand zone would be better and safer signal.
LINK Bullish..Sitting On Support..Ready for Move Up.
LINK / BTC retaking 80500-83000 as support is quite bullish. The volume here is nice while price has been consolidating above this support zone. LINK is always a strong alt and some money might flow from BTC directly to LINK.
CHAINLINK 08.11.2020Data:
RSI - 59
Stochastic RSI < 20 level, trending up
Fear&Greed: 88
HeatMap Risk level: 35%
Chainlink has been one of the best outperforming Bitcoin assets over recent years. It's one of a few that has been growing exponentially against Bitcoin and it seems like 300 daily moving average has been acting as support on LINK/BTC chart.
Interpretation:
Classic technicals shows that Link is in neutral to slightly bullish territory. However from HeatMap Risk Metric above we can see LINK is undervalued in Bitcoin valuation at that moment. What we want to see is Bitcoin's volatility going down (consolidation) to allow investors gain more confidence about altcoins market and make use of LINK's strong macro trend against Bitcoin.
III DISCLAIMER: THIS IS NOT A FINANCIAL ADVICE III
Chain Link Trading Setupprice is hitting Resistance it's Heavy Resistance
Game of Support and Resistance is simple.
if we close above Resistance with High Volume. than it's Called Breakout. so Buy the retest of The resistance (well our resistance is now Support)
set stop loss below the lower zone.
Target are of your choice
Lank, still profitable !link
This cryptocurrency has a potential of another 16% profit. As it has given a 14% profit in the last 24 hours.
By examining the RSI, CCI and MACD indicators and considering the average daily trading volume as well as the Bollinger Bands indicator in the daily time frame, it can be concluded that there is still room for profit and should fluctuate.
Lank, still profitable.
LINKBTC which path?Which path will it follow, the double bottom or the inverted head and shoulders? I prefer the latter but price reached the ichimoku resistance and bearish divergence will form on the slightest pullback pushing prices down. All paths are good, unless it nukes for some unforeseen reason.
Link usd will follow a similar paths.
Chainlink key support has heldExpect new highs sooner and faster then you think! People forget that Chainlink has not once experienced a Crypto bull market, I am so excited.
Amazing call on link ...whats next targets ?Yesterday we shared with you this idea about link that it was looking bearish in both usdt and btc pairs see here :
Price broke the trendline support and fall from rising wedge as expected
As long as price cant get close by daily candel above 10.74$ -10.8$ (0.5 fibonacci level)
(Also this level is the trendline support breakdown level)
We can see next target easy
Potential next targets to be reached :
Target 1 : around 8.5$ ( 0.618 fibonacci level )
Target 2 : around 7.3$ ( was recent low for link )
Target 3 : around 5.5$-5.3$ ( 0.786 fibonacci level )
For investor this areas is a good ones to accumulate partially before next bull run in link
Link was and still one of my favorite coins
Long term is bullish
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LINKBTC Touching bottom of channelAbout time to flip some of your BTC over to LINK. This is for education purpose only not a financial advice.
LINK / USD 4h chart analysis 04 NovemberPrice of the chainlink moving down from wedge pattern, developing descending channel. Looking for continuation of fall down to 10ish-9ish prices
$LINK, Falling below ~78k support level...$LINK
Falling below ~78k support level.
As BTC keeps pushing up & & ETH drags Alts spotlight
I would expect further downside (S/R flip may happen so look for that entry if you are not already in)
~62k sats as next support level if continuation happens.
#LINK
Link LINKUSDT - Descending triangle- Descending triangle, bearish pattern on 1h chart
- Looking for more downside on the pattern breakout
- The price is below 2 major trend lines, which is really bad
If you want more of these ideas, please hit the like button and follow me, so you don't miss any update!
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LINKUSDT - short term breakout LINKUSDT is consolidating in a pennant chart pattern.
Potential short term breakout.
RSI descending triangle breakout could be a a confirmation.
LINK Entry at 10Its hard to be looking for cheaper prices at this current time!
LINK is hot
10 is a great entry
CHAINLINK WILL REACH $100 DURING 2021!What is Chainlink?
Chainlink’s decentralized oracle network provides the same security guarantees as smart contracts themselves. By allowing multiple Chainlinks to evaluate the same data before it becomes a trigger, we eliminate any one point of failure and maintain the overall value of a smart contract that is highly secure, reliable, and trustworthy.
-Chainlink Has Had Amazing 2020. Reaching Almost $20 During Mid August!
-It Was Followed Up By a Massive Correction, That Hurt Many Novice Crypto Traders Who Bought The Top..
-The Chainlink network provides reliable tamper-proof inputs and outputs for complex smart contracts on any blockchain.
-Smart Contracts provide the ability to execute tamper-proof digital agreements, which are considered highly secure and highly reliable. In order to maintain a contract's overall reliability, the inputs and outputs that the contract relies on also need to be secure. Chainlinks provide a reliable connection to external data that is provably secure end-to-end.
Source: chain.link
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Link looking bearish on both usdt and btc pairLink start to look bearish now
As you can see in btc pair it forming symmetrical traingle and start to break it
In usdt pair it test the trendline support for 4th time which make it weaker
And we can look for sell position if it broken or at retest it
Agree or not show your opinion in comment and support by like and follow
LINKBTC AnalysisSince there are 3 SELL signals present, I'm BEARISH.
So, I don't think this is a good time to buy yet.
If you want to buy again, we have 3 different options.
1- You can wait for EngineeringRobo's BUY signals to be present,
2- You can wait for candles to open-close above resistance level (0.00087) for 1D to buy,
3- You can buy when candles touching the support line (0.00045)
After you buy, please watch out for EngineeringRobo's sell signals and consider selling it.
