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Chainlink

ChainLink (LINK) flipped MA Ribbon bullish - more tasks to doChainLink´s 5 tasks on the daily chart... 1. break the 200 SMA (just in work) 2. break the MA Ribbon and turn it bullish (done) 3. break the volume resistance 4. break the 50 SMA (done) 5. break the resistance on RSI Especially the RSI will be interesting. What do you think? 😎 Drop me a nice comment if you'd like me to analyze any other cryptocurrency. *not financial advice do your own research before investing
BINANCE:LINKUSDLong
by Crypto4Everybody
A CHAIN is only as strong as its weakest LINK (Short-Term view)My previous idea for LINK proposed that it would rise toward the upper resistance of the channel (see below) and indeed it moved toward it for a good profit. LINK is now facing local resistance at ~27.55 and if we move to the 1h timeframe, we can see it rejected this area multiple times and has made a slightly lower high. Depending on your risk appetite this can be interpreted in different ways but due to the conditions we are currently in, a cautious approach may limit poor decisions. With LINK being one of the few fearless altcoins even with BTC falling, it is only a matter of time until it also feels BTCs power. I think we may have a rejection from the current area toward the green support at ~22 based on the resistance, RSI and BB's. As LINK approaches the support area it is a good idea to zoom into lower timeframes to look for buy setups. Of course, LINK can continue to rise within the channel if BTC begins to recover and turn its new resistances into supports again but that seems unlikely for now. Please note I am not a financial advisor and this is not financial advice. All ideas are for educational purposes only :) Please feel free to leave your comments and thoughts below!
Short
by kush23456
LINK - holding nicely despite fear on the marketThe current Coin Market Cap ranking is #17, with a live market cap of $12 billion USD. Despite recent dump, fear etc. on the market LINK is holing well. My chart setup is practically untouched for months now. W support is clearly great buy area, and current resistance in correlation with BTC dump is too strong in short time period. In my bearish outcome LINK could retrace to W support level ( approx. 30% down form current price) and if BTC dumps even more it may happen. LINK is one of my longest holding and despite small ROI in crypto space I'm not planning to sell it any time soon. On picture in comment you can see LINK Circulating Supply chart which finally shows that new coin inflow is paused (from team probably). In bullish outcome I expect LINK to breakout upper trendline during February.
Long
by Philippe_0x
3