Chainlinkbtc
Chainlink getting very intersting again LINKBTC getting very interesting again.
You may ask why key point! 😊
- Chainlink has been bouncing on 50 Weekly MA ever Since April 29, 2019
- Trendline intact from 29 April 2019 until now every time we get a big run. Price always
Tend to come back and test the trend line.
- July 30 2018 ChainLink Bullrun started and RSI weekly never been below 44.87 every time it came down and touch look what happens with the price.
- We have TD Sequential count on sell 7 so coming 3 weeks should be very interesting
- Stouch RSI about to flip Positive.. on weekly which is big deal. Everytime Stoch touch 2.36 point look what happen next to the price.
Scenario 1:
Price keeps the bull trend and we continue with uptrend which I also expect.
So I would recommend buying below 0,0072 sat and hold Target on the chart.
If u wanna play safe wait for positive flip on stoch RSI weekly, Ifish smooth flip green and RSI bounce.
Scenario 2:
Price break the trend and close below 50MA weekly ur next buy target would 0,00050k sat which is 200 weekly MA
And exit target would be 0,00070k area. Break above 0.00070k sat again = back to bull mode!! rejection would lead long bear market. Highly unlikely scenario
Chainlink on the LINKUSD view 2020Before im charting a chainlink against BTC,
this time compare with USD.
if u see the the price, there u see since
it born, the price is around peny. 0.03 USD.
during the hard time for crypto world, the only i see a great
climbing is chainlink.
Although its born from a token of etherium, but
it oracle base will connect between the real world and digital world.
Damnnn!!!! give me a like u like my chart.
Current Price
$15.02 USD (2.38%)
0.00080513 BTC (0.22%)
0.02550463 ETH (-6.27%)
Chainlink for the winSentiment went from ATH at 20 doll to in the dumps...overall lots of stuff happening right now, ie US elections and coronavirus. Countries are starting to tighten travel restrictions and some are outright shutting down. Chainlink certainly fell victim to a euphoric ride to the top by the crypto twitter bulls. The buying power fell however was supported heavily from 8-12 dolla. The chart looks to be showing more strength...the buyers are stepping in and we are holding a beautiful long term diagonal trend line. Swing highs are higher and swing lows are lower. Even if this chart doesn't follow the yellow line, if we hold that diagonal trend line then the march to the money will be glorious (albeit slower). Either way, more and more people are adopting chainlink, twitter is getting excited about it again and we have lots of reasons for volatility. HODL for the glory.
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 nice entry opportunityPlease feel free to share your view on this pair down below in the comment section. I'm more than happy to be challenged and have an interaction on this idea.
Also make sure to leave a like as it helps me out a lot!
------------------------------------------------------------------------------------------
LINK/BTC: Imminent Breakout Analysis - 1D, 1HIn this post, I'll be providing an analysis on Chainlink (LINK), shedding light on its daily and hourly chart through technical analysis.
Daily Chart Analysis
- To begin with, the daily chart is on the left, and the hourly on the right
- The daily chart demonstrates that prices are trading within a descending channel, forming lower highs and lower lows
- The Relative Strength Index (RSI) is at neutral levels, showing signs of a potential breakout
- The Moving Average Convergence Divergence (MACD) is forming a potential death cross, but has not provided confirmation yet
- We can interpret the current setup as a consolidation phase of a bullish flag pattern
- Should we see prices break through the upper channel resistance, we could potentially expect another leg up to 0.002btc
Hourly Chart Analysis
- Zooming in on the hourly, we see clearer signs of bullishness
- Prices are forming an ascending triangle pattern, in which the tops of the pattern are rejected at 0.000894 btc levels, while higher lows are formed
- The RSI is also in an uptrend, forming higher lows as a sign of momentum building up
- Based on the ascending triangle pattern, we can count Elliott triangle waves (ABCDE)
- This wave count shows that a breakout through the triangle pattern is very imminent
- The 100 Simple Moving Average (SMA) on the hourly chart is a good reference of support/resistance zones.
You can check out my other analysis on Waves (WAVES) which had a very similar setup: an ascending triangle within a descending parallel channel.
Conclusion
Chainlink seems like it's headed to retest previous highs as indicators and bullish pattern setups demonstrate potentiality for a breakout.
However as always, don't predict the market. Take it by levels, and play by probabilities.
If you like this analysis, please make sure to like the post, and follow for more quality content!
I would also appreciate it if you could leave a comment below with some original insight.
LINK crucial resistanceIf you like my TA or other ideas, please leave a like to show support. It helps me out a lot
-------------------------------------------------------------------
- Ascending triangle tends to breakout to the upside
- Closing in on the top of the channel
- Heavy resistance (blue bar)
- Volume descending
- MACD bullish
If we break the traingle & res. lvl & channel we enter the moon zone
Chainlink buyers are coming back!Chainlink seems to have bottomed at 7.2869 as Pivot suggest and also daily support area
Looking more at daily, MACD is in third selling wave which ussualy means that sellers are satisfied enough.
Daily candle has a good possibility of bullish engulfing if the price closes above $8.75 per Link.
Looking at current hourly chart, the price seems to be forming a flag with a bullish outcome.
It's important to break $9, then Link can easily go all the way up to $9.92 which is 12% from the top of the resistance area and then to $10.3 which is 17% from the top of the resistance area.
Indicators looks good, $9 is the key level to break.
Good luck!
Tibor
LINK.USDT (Y20.P4.E5).TA.Entry level is hereHi All,
This is a continuation of my previous LINK.USDT post, link supplied below.
On my last post for LINK, you will note in the last entry in the update section, I entered this chart and the green zone, as part of the weekly support level. A good level/zone to re-accumulate.
Unfortunately I didn't get filled at $7.20 price as my bottom but I did get filled at $7.45. We will see if this was the bottom for LINK in the coming days.
For now, people would more likely short LINK and many of the ALTs as there are plenty of opportunities, if I have time, I will post which ones I have done and still looking at.
I do have BTC.dom to go up a little further but one can't be so confident what that means for some of the ALTs.
With LINK, I'm going to accumulate to going long.
It might drop further more but as they say, no risk no reward.
If you look at the RSI on this chart, it does support my thesis.
At this point, I can't see a deeper pullback at this point, but one never knows.
Please give me a tick or like for this post.
Regards,
S.SAri
The SHORTING opportunities were given. Hence why I have shorting at this latest level but its likely to be a reversal pattern stemming from this.
LINK Breaking Through Support With 45% Downside RiskLooks like another major 'red day' appearing for the alts...
LINKUSD is currently breaking below a support level which means a drop to $5 area becomes possible.
Traders will be looking for consolidation BELOW the support level near-term, preparing the market for shorting opportunities as the downward rally continues in the coming few days.
Strong buyback in BTC or ETH markets could help support the altcoin market but at this point, a quick and easy recovery seems more like hopium than Technical Analysis.
Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.
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