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LINK Perpetual Futures Contract

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LINKUSD.P trade ideas

LINK: recovery is still on holdAlthough LINK started the previous week in a positive manner, heading toward the upside, still the highest level reached was $7.1. Long term resistance line has not been tested on this occasion. By following general market sentiment, price soon reverted to the downside, to the level of $5.88. Coin is finishing the week testing the support line at $6, but without strength to break it further below. Relative Strength Index is continuing sort of side moves during the last two weeks. The indicator is moving slowly between levels of 50 down to 40. It provides no indication that the market is ready for a move toward the overbought side. Moving averages of 50 and 200 days are continuing to move as two parallel lines, with MA50 currently slowing down its down trend. Technical analysis is suggesting that LINK will continue to test the $6 support line in the coming period. There is currently no indication that this line might be broken to the downside. In case that support line is not broken, the coin will revert shortly to the upside and resistance line at $8. There are also no indications that the price might go above the current resistance line.
COINBASE:LINKUSD
by XBTFX
LINK MARIN(E)atedLink looks nicely marinated from the bear... ORACLES Oracles are data feeds that connect Ethereum to off-chain information The oracle problem Ethereum transactions cannot access off-chain data directly but using a centralised data source is suboptimal... hence the need for a decentralized oracle Chainlink Off-Chain Reporting (Chainlink OCR) 1. off-chain oracle network communicates with each other 2. cryptographically signs responses 3. aggregates responses off-chain 4. sends one transaction on-chain with the result This is gas efficient Chainlink VRF Chainlink Verifiable Random Function = tamper-proof random number generator for smart contracts The LINK token *based on the upgraded ERC-677 token, backwards compatible with ERC-20. CHART Bull div on daily Local fork Fib retracement If market is going to bounce then so will this NOT TARDING ADVICE
BINANCE:LINKUSD
by Great_Reset_Investing