LINK/USD AnalysisToday we are going to look at the prospects for the LINK / USD pair.
It is obvious that the uptrend on this instrument is over. The main correction is also completed, the time has come for a boring sideways movement.
Nevertheless, there is a high probability of a retest of the main support, it is at the previous local highs, these are the levels of $ 4.30 and $ 5.
The trading range will narrow over time, but for now it is wide enough for fast trades.
Linkshort
SHORT LINK and ATS efficiency report since July Hello!
This Summer Link has shown the best dynamics ever.
ATS's strategy has also shown perfect outcomes since the very beginning of July, giving correct indication of the trend changes.
ATS has performed 175% in 6 trades
Link has become more expensive by 146%
It is better to trade correctly instead buy and hold.
The link is currently still moving in the downtrend channel.
We think there will be good selling opportunities soon, chances are high that the first level of support will be tested.
Script settings for 4H timeframe:
· Signal calculation type - "ohlc4"
- Signals filter - "Enabled"
Chainlink Technical Analysis: LINK On The Cusp Of A Breakdown
Chainlink breaks down below an ascending triangle pattern.
LINK/USD could end up in dire losses, likely to refresh support at $8.85 if support at $10 is broken.
Chainlink has continued to lose dominance in market capitalization and comparison to digital assets like Polkadot, Bitcoin Cash, and Binance Coin. The race for the fifth spot in the market is in full swing, but Chainlink appears to have given up already. At the time of writing, LINK is trading at $10.84 after a 0.81% loss on the day. It is currently the eighth-largest cryptocurrency with a market cap of $3.7 billion.
Ascending Triangle Breakdown
Following the declines September’s first week, Chainlink embraced support at $8.85. A reversal came into play almost immediately, with the price spiking above $10, $12, and $13 resistance levels. Unfortunately, the bullish momentum started to lose strength as bears fought to take back control at $13.30. LINK/USD began to pivoting around $12, although the formation of an ascending triangle recently dealt the bulls a blow.
An ascending triangle pattern mainly signals the return of the previous trend. In this case, the breakdown at the beginning of September. However, it is essential to note that a breakout can occur either up or down from the triangle. Meanwhile, the 4-hour chart shows the continuing breakdown below the pattern.
The downtrend is emphasized by the Relative Strength Index (RSI) as dips back into the oversold area. Support at $10 is expected to hold; nevertheless, if it gives in, sellers could increase their activities, in turn, forcing LINK back to support at $8.85.
Chainlink Intraday Levels
Spot rate: $10.84
Relative change: -0.0764
Percentage change: -0.84%
Trend: Bearish
Volatility: Expanding
Buy between 10$-13$ for moon bag, you could also play short!Position yourself the best way for the bull run by getting a good entry with high ROI. I think it will consolidate in this formation chartered here. Any buy between 10$-13$ is great!
If you want to play short, there are clear levels to short and levels to TP, play it safe!
Sell Zone and Target for Chainlink LINK/USDT $LINKMy sell zone and target for link. Link is probably one of the best performing coin this year. It has had a huge run up since March. I believe Link can get up to $25 sometimes this year, but, in my opinion, i think it should correct down a little bit before getting there.
(Not financial advice)
LINK USD D AnalysisWe believe from the analysis drawn above LINK will attempt to break a Crucial Resistance @ $11.65 - $11.9. Fail to reach closely or break the stated resistance and we will see a trend reversal where we expect bulls will be exhausted. Depending on the market sentiment in the coming future we will see the Bull purchasing power and holding power and lead to the scenarios drawn on the graph above (Dark Blue, Purple, Pink).
Link is moving with strong bullish sentiment although the majority of the momentum is fuel by speculations and FOMO in my perspective. Despite the potential for growth in the years to come if the use case is still valid and adopted, As there will be many supports below here is the list of Major Supports: Orange Trend Line (Act as a Support derive from Fib Middle Band) S1: $4.97 range, S2: $3.02 range, S3: $1.425 Range
Chainlink Touches Major Structural High.. (Resistance)Cryptocurrency chainlink has had Magnificent performance running ahead while leaving most cryptocurrencies behind with stable movement.
On the 3 day chart we can see that we are hitting a high resistance level based off the previous to major structures.
Based off the bottom green support level we have a lot of room for a major selloff retracement.
The ema dots indicator is currently green and the 3 day candle is currently green with the rsi in overbought territory. These are still positive indicator wise , but like stated we are sitting on major Resistance for chainlink.
Drop down to a daily chart and look for a lower low breach for a short position. Buyers beware.
ChainLink - LINK - It's time!!!Are you ready? Let it play out...No one goes into the market thinking they should buy at the high and sell at the low. The problem is that at the moment when faced with the ups and downs of the market, it’s hard to resist the urge to do those things.
Trading is all about spotting emotional excesses either to the downside or the upside.
You want to be on the right side of those emotional reactions and not the wrong.
#LINKUSDT : I'm SHORT/BEARISH position up until (GREEN BOX) Fibonacci retracement levels 50% . I expect that $LINKUSD will rip down.
This would mean that CHAINLINK will lose more 50% of its current value against USDT Tether before it can recover.
Well, I keep you updated as this timely issue evolves.
If you want to win in this market, you need to be COLD and CALCULIST .
Let it play out...
#LINK #CRYPTO #LINKCHAIN #CHAINLINK #ALTSEASON2020
$BTC $BCH $BNB $XLM $EOS $ETH $ADA $LTC $TRX $XRP $IOTA $LINK $XTZ $BTT $XMR $NEO $BTT $MATIC $XMR $MRK $XEM $ONT $DASH $BAT $ZRX $LSK $NANO $REP
#altcoins #bitcointrading #BuyTheFear #BuyTheDip
LINKUSD Short - 7.5%/12%ChainLink is setting up for further price correction after price discovery found an all time high at $8.89 and then retraced to the .786 fib just above $8.00. Bulls are now struggling to hold support.
Price action indicates further retrace to the 0.382 fib ($7.37 - 7.5%) and then on to the 0.5 fib ($6.90 -12%).
Downward actions supported by falling RSI on 1hr/2hr/4rh/24hr time frame and distribution shown in falling CCI/OBV on the same time frames.
Traders can enter or short position now or attempt to maximize gain by waiting for a potential shoulder to form with one last retesting of the .236 fib and $8+ levels.
Disclaimer: Not trading or financial advice.