Chainlink (Link) Is Completing Setup For Next RallyHey friends hope you are well and welcome the new update on Chainlink DeFi token.
On the daily time period chart the priceline is moving in a down channel.
The price action of LINK is rejected by the resistance of channel and 100 simple moving average at the same time. The priceline is already moving below the 25, 50 and 100 SMAs and has strong support of 200 SMA at the same level where we have the support of down channel. Therefore there are chances that the price action of Chainlink may take another bullish divergence from the support of channel.
The priceine of Chainlink is completing final leg of bullish BAT and soon it can entere in potential reversal zone.
The targets as per Fibonacci sequence of bullish BAT pattern can be as below:
Potential reversal or buying zone: $7.17 to $5.53
Fibonacci projection or sell zone: $11.10 to $17
Conclusion:
The priceline is rejected by 100 SMA and the resistance of the channel, therefore it can test 200 SMA support and the support of the channel at the same time and complete the bullish BAT. After this bearish move we can witness another rally to the upside. The potential reversal zone of BAT pattern can be used as stop-loss as well.
Linkusdsignals
LINKUSDT completing final leg of bullish BAT | Upto 207% moveThe priceline of ChainLink is completing the final leg of bullish BAT, the targets as per the Fibonacci sequence of BAT are:
Potential reversal or buying zone: $7.17 to $5.53
Fibonacci projection or sell zone: $11.10 to $17
Regards,
Atif Akbar (moon333)
LINK following our channelIf you like my TA or other ideas, please leave a like to show support. It helps me out a lot
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- 4th big retest of the lower channel
- Rally towards the middle
- Strong resistance around $10.2
If we break $10.2, we could see further movement towards the top o/t channel @ $11.5. After which, we could see:
- a breakout (w/ a nice amount of volume) and a continuation towards the next resistance @ $13
- a rejection and again a move down towards the bottom of the channel
If we hold $10.2, I would be looking to short with my target just before the bottom of the channel and my SL @ $10.5
Safe trading Marines
LINKUSD - looking very BULLISH with possible bottom in placeDuring the past months LINK experienced something called a blue sky breakout. The drop from last month was expected as traders need to create new supports/resistances to trade out of (look at TESLA for example). As seen from the chart, it is showing very strong signs of recovery and a bottom from monthly trend-line.
Watch price action at current levels, if it breaks, we may experience another shake out. Keep an eye on 15$ (if it reaches it) to a possible rise back to 20$.
TP levels 15-20$
Remember trade what you see and not what you think, being emotionally invested in anything is not a good idea.
Not a financial advisor, trade at your own risk.
LINK/USD Remarkable Weekend Rally Hits Pause Under The 100 SMA
Chainlink recovers from levels under $10 but the falling wedge pattern breakout stalls under the 100 SMA.
LINK/USD mission to scale the levels to $20 still intact as bulls look forward to capitalizing on the break above the 100 SMA and $14.
The $4.4 billion decentralized finance price live feed protocol has posted a relief rally following a devastating fall last week. Chainlink failed to retest the yearly highs at $20 in August. Attempts to sustain the uptrend saw LINK hit barriers at $16 and $18 respectively. On the downside, support was confirmed severally at $13. However, the bearish wave encountered forced the fifth-largest cryptocurrency slightly below the critical $10 level.
Amid the drop, Chainlink formed a falling wedge pattern. This pattern is very common in technical analysis. Traders are able to anticipate a change of the trend and prepare accordingly to capitalize on the upswing of the price. A falling wedge usually signals the end of a downswing and the beginning of an uptrend. Note that this pattern cannot be utilized on its own; it must be supported by other indicators like the Relative Strength Index (RSI) and the volume indicator.
At the time of writing, LINK is trading at $12.79 after stepping above the initial support at $10 and the falling wedge resistance. Marginally above the prevailing price, LINK is facing acute resistance from the 100 SMA in the 4-hour range.
Looking at the RSI, Chainlink seems to have stalled and is currently favoring a sideways trading action. The leveling motion at the midline favors consolidation in the near term. However, the uptrend mission is far from over. In fact, bulls have no plan to abandon their push for gains above $20.
Meanwhile, gains above the 100 SMA would place LINK above the resistance at $14. This move would most likely encourage more buyers to join the market in anticipation of more upside price action and the opportunity to sell at a higher level, preferably $18 or $20.
Chainlink Intraday Levels
Spot rate: $12.82
Relative change: -0.05
Percentage change: 0.35%
Trend: Sideways bias
Volatility: Expanding
Chainlink Technical Analysis: LINK/USD Bullish Pennant Eyes $20
Chainlink recovers after testing support at $13.50; the short term target is to step above $15.00.
LINK/USD ongoing recovery is supported by the RSI as it reverses the trend upwards from the midline.
Chainlink has in the past several days suffered against the strengthening arms of the bears. The altcoin has been arguably one of the best-performing cryptocurrencies in the market not only in August but since January.
After opening the trading on January 1 around $1.78, LINK has been consistent and aggressive. Multiple barriers have been shattered at $5.00, $7.50, $10.00 and $15.00. In August, Chainlink pulled up to new all-time highs at $20.
Besides, the growth of the value of the token, Chainlink has also grown as a cryptocurrency to become the fifth largest in the market. According to CoinMarketCap, Chainlink has a market cap of $5.119 billion in comparison to Bitcoin Cash’s $5.113. It is evident that, the battle for the fifth spot between LINK and BCH is not stopping anytime soon.
In the meantime, LINK/USD is trading at $11.84 following a recovery from the support at $13.50. Farther down, LINK already confirmed support at $12.86. The short term target is to clear the resistance at $15.00. This will set the pace for another possible breakout above a bullish pennant pattern as seen on the chart.
If this breakout comes into the picture, we can expect LINK bulls to renew the moment consistently towards $20.00. They must, however, keep the resistance at $18.000 in their mind because if not overcome, the journey to $20.00 will encounter delays. For now, stepping above $250 is key to the ongoing bullish momentum.
LINK/USD Intraday Levels
Spot rate: $14.73
Percentage change: 4.47%
Relative change: 0.611
Trend: Bullish
Volatility: Expanding
LINKUSDT (long-term)BINANCE:LINKUSDT
After rough and bloody days, we have a good day!
At 4hr TF, we got 2 strong buy signals in MACD & Stoch RSI, also the price touched and passed 50 MA and now is gonna go up.
We have confirmation at 1hr, price play with 200ma and RSI is going up too.
And we see the uptrend in 15m, 3 confirmation for raising and pumping!!!
in my view, Link hit 15.5 about 6-8h later!
But when Link reaches around 20, I think it will drop to around 8-10 and after 8-10 days it will be back and reaches to 30!
What is ur opinion? comment below and share ur views.
thx, have safe trading :D
HIDDEN LONG-TERM BULL SIGNAL #CRYPTOCURRENCYI called the rises, held all the way to the top from 2017..
Called the top, sold in increments, called the recent drop, bought back in around $15-$16
Now I'm seeing Hidden Continuous Long-Term Bullish Divergence momentum..
We were long overdue for a health correction, people don't want to buy the top.
So price came back down (probably because whales dumping).
But now many people are accumulating for lower price. I am one of those people.
I see a huge increase in BUY volume that engulfs the red whale poop.
I'm buying back in and anticipating a continuation of the underlying long-term bull momentum.
LINKThe trend is your friend, the trend is your friend, the trend is your friend. say it with me!
At least I hope so. Listen, I think we are in a bull market. This is likely a healthy correction. Chainlink has a good fundamental case use unlike some shitcoins out there.
Furthermore the correction is likely because of cautious (smart) people having stop losses in place. Lets soak up some of that money at the lower bids and carry the F on! I can't see how we would go below 12 bucks again but hey what the hell do I know...just a guy playing with lines on a chart!
The Content is for informational and entertainment purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. This is not financial advice nor am I a financial adviser. :)
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.
Why Bitcoin, Ethereum, LINK, and Tezos still look bullish!Good Afternoon Crypto Traders,
Several weeks ago we made a marked shift in our approach to altcoins and aligning our focus to go risk-on in the long side on BTC & Altcoins. Thus far, this approach has paid off immensely. The realization came from doing some deep research in what's happening in the money flows, market structure, and DeFi space. As more clues unfolded, I realized that there is an Alt season and a Crypto Bubble 2.0 developing. This time it seems to be led by DeFi vs. 2017 being led by ICOs. Bubbles are not necessarily bad, they can be good if you can get in and get out with profit. This is what we are hoping to accomplish in the current cycle.
As per my July update, I told Advantage Members that we are somewhere in the initial stages or the middle stages of the bubble. I do NOT believe we are near the end.
How do we play this?
Step 1: I've spoken about my methodology of portfolio construction in Crypto. It's simple and effective. We want to take the approach of putting a few eggs in one basket and watching that basket closely, as the great Stanley Druckenmiller puts it.
Do your research in 5-10 Cryptos (BTC + Alts). Diversify in Altcoins and the sub-segment DeFi. Keep this as your basket of holdings you trim up and down in movements of price, if you'd like. Alternatively, you can simply spot buy altcoins (DeFi included) and hold for several months to see if the bubble is going to develop and get bigger then start selling as the hype of the rally gets a bit extreme. I will let you know when I see the warning signs.
Step 2: Do NOT go around chasing 50 different altcoins thinking this is the next 10x or 50x etc. You will likely lose good positioning of your original holdings by the chase of greed. A good basket of 5-10 Cryptos should provide proper exposure to the market and yield good enough returns where you are not constantly bedazzled by the next Hype Coin.
Step 3: Do not go all-in with your capital hoping to be rich overnight. Remember, we are in the business of building wealth. This will keep you grounded and make you appreciate the journey to success.
Step 4: Do remember that the entire health of Crypto is dependent on the money flows and liquidity available in the traditional markets. So the Crypto market party can end just as abruptly as it started. We will always keep one eye on the stock market for this reason.
Thanks and I hope you enjoy this analysis. This is not financial advice.
Have a wonderful day
Have you given up hope? LONG LINKUSDPlaced two stop losses (S1 being for day-swing traders) & then the main one being S2 -- for the superlong HODLER) who has been in this far too long to quit.
I learned to program python 3.6, cobolt 6, java, API & cloud computation + data compression through kubernetes/docker... I've invested too much time into this career, what am I supposed to do?
I learned to be a financier (from trendline breakouts) to fundamentals/market data, conducting TA & more...as I've said -- TOO MUCH OF MY LIFE/TIME INVESTED/WASTED, WHAT AM I GONNA DO?!
Just QUIT?! & "LearntoCode?"
I can't...this is ALL i know how to do...
Anyway I'm balls deep in and when I see a superlong like this (est. timeframe >30 days min-- though if I had to GUESS a ballpark on these figures I'd say 2-3 months. So by start of Q3, that's a complete pulled out my ass figure so don't take that as bond.
When I see patterns emerge like this from a fundamentals perspective I cannot help but get excited for the future, despite the fact that i've cried myself to sleep last night and every night since last Monday.
Disclaimer
Note: This is strictly conjecture based on my own technical analysis and not any information based on any sources from the GOP Or federal government/treasury dept / ay institution of any form this example is for educational purposes only and should not be relied upon for any other use. Please invest responsibly and make all decisions based on your head; not your gut. Any projections or figures provided in this analysis are Forward-looking statements And have no basis Other than my own opinion and not information related to the GOP, SEC or wall sf in general. Just the wiz doing what he always did best — Disclaimer must be extended and extensive So forgive me as I need to truly emphasize None of the information obtained in conducting this analysis was provided by insider trading in anyway shape or form.
Certain information set forth in this presentation contains “forward-looking information”, including “future oriented financial information” and “financial outlook”, under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of proceeds from, the sale of the shares being offered hereunder; ( iii ) the expected development of the Company’s business, projects and joint ventures; (iv) execution of the Company’s vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the Company’s projects; ( vi ) completion of the Company’s projects that are currently underway, in development or otherwise under consideration; ( vi ) renewal of the Company’s current customer, supplier and other material agreements; and ( vii ) future liquidity, working capital, and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management’s beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment.
These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.
Peace & Love
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