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LINKETH trade ideas

LINK/ETH APR 15MA: LINK has made 2 consecutive closes above the 4H 10MA S/R It nearly hit all time lows support level (line A) Trend: It is to the right of the major green trend line (definitely significantly bullish) It is above the minor orange trend line (which might be an invalid shorter term line) Candlesticks: (4H): V shape with high close followed by very low range blue candle showing the high close was not attacked by bears, looks like a bottom was formed. I was initially skeptical of this bottom shape though as this can look like a bottom but not be, but it does qualify as a good bottom shape in my opinion. Volume: Volume has been low still, but this might not be significant as most LINK might be traded vs. the USD at Kraken. Trading Plan: Make 5 "aggressive entries" - one at each of the next 5 "qualifying trade setups" including: 1. 2 consec closes above 50MA, 2. hitting the Line A support (x3 size as definitely valid trade) 3. low volatility around Line A support, 4. breaking back above Line A support, 5. break above .0046202 (recent swing high on this break above 10MA) Make 5 "adding" entries after trade is "working" to be determined by: 1. crossing line B 2. 2 consec closes above line B 3. crossing line C 4. crossing line D 5. consolidating above line D (x3 as this is definitely an "end" of the bottoming of LINK as long as price stays above it) Stop of Trade: 10% max loss set below each position entry
Long
by reversalradar
LINK against ETH!As other base layer networks like Avalanche and Polygon enter the space, I believe the money may start flowing into more application specific networks like LINK. The new leadership changes and partnerships being created are fundamentally bullish for LINK. From a technical perspective I want to look at valuation against ETH/USD/BTC. All of which at current are seemingly bullish. Here I have charted out what I perceive as a likely scenario for the LINK-ETH correlation. The steps for this scenario are as follows: 1. LINK holds above the broken trend line and the .008 level concurrently. 2. LINK makes a run for the next most significant Fib level .382 3. Consolidation between .382 and .236 Fib levels until a test and break above that channel occurs. 4. Break above and the rest should be glorious. These levels to me are quite important because of the relationship the LINK and ETH share. ETH being the base layer network and LINK being application specific yet dependent on said base layer. If all this pans out, I would not be surprised to see some massive upside swings from LINK.
Long
by rhall6451
1
Big Alert in Chanlink Dominance!!! Soon this will happenI fount out that Chainlink it's showing us a bullish risign wedge in their dominance. Chainlink Dominane it's bullish, and I see that it's around of 0.61%. Chainlink could be the next altcoin to explode soon!!! And based the left chart, Chainlink could to go back to 2% of Dominance, that it's bullish, and looking the right chart, we see that Chainlink/Ethereum ratio it's bearish and I have these 3 possible targets that Chainlink could to reach down. This could be another plan that it's out of my plan A and B, but now I will put Chainlink in my under radar, because the next movement what Chainlink will do in this dominance could to influence bullish in their price and ratios in Bitcoin and Ethereum. And also, it's very possible that Chainlink go back into the top 10 best cryptocurrency. As Chainlink it's in the top #13 after of Bitcoin (top #1), Ethereum (top #2), Tether (top #3), Binance Coin (top #4), Cardano (top #5), XRP (top #6), Dogecoin (top #7), USD Coin (top #8), Polkadot (top #9), Uniswap (top #10), Binance USD (top #11) and Bitcoin Cash (top #12) Now, I will going to be in alert of Chainlink news, Dominance and ratios and price to get this analytical data if Chainlink could to influence soon the bullish movement to be prepare to invest in this cryptocurrency.
by harisonhbn9718
3