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Chainlinkshort

LINK → Chainlink Potential Triple Top! Short Scalp Opportunity?Chainlink has been attempting to break the $16-$17 range since November 11th and has failed there times. After the crypto sell-off on January 3rd, Chainlink made one more attempt but fell short at $15.75. With that lower high, is it time to short? How do we trade this? 🤔 We have a potential triple top, a doji (one bar trading range) just under the Resistance Zone which is a potential lower high, and a crypto market that's burning hot and likely nearing a strong pullback. To confirm a short entry, we need a strong bear bar closing on or near its low below the Daily 30EMA. Stop loss should be just above the previous high. 💡 Trade Idea 💡 Short Entry: $14.20 🟥 Stop Loss: $17.90 ✅ Take Profit: $10.50 ⚖️ Risk/Reward Ratio: 1:1 🔑 Key Takeaways 🔑 1. Potential Triple Top Reversal. 2. Doji candle just below Resistance Zone. 3. Look for Bear Candle Confirmation Below 30EMA. 4. Use Low Position Size, 1:1 Risk/Reward Scalp. 5. RSI at 51.00 and above the Moving Average. Indecision. 💰 Trading Tip 💰 There is over a 60% chance of a measured move after the breakout of a major resistance, normally, a trading range. That means the distance from the trading range resistance to the top of the breakout will happen again above the top of the breakout. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
Short
by TraderEngineering
4
LINK → Moon or Doom? This Analysis Provides Some Clear Answers.Chainlink slammed into the Resistance Zone after a beautifully executed measured move up. We're now in a minor pullback hovering just below resistance. Should we enter a trade here? How do we trade this? This is not the right moment to enter a trade. The price action screams bullish; A measured move up, showing support on the 30EMA, RSI around 50.00 with plenty of room to go up. But we're right at the resistance zone and without a clear signal that we're going to break out, it's too risky to long. Likewise, we don't have a sell signal or any price action indicating that we're going to reverse. Bitcoin as a leading indicator is struggling to break its Weekly Resistance which could impact Chainlink's price action. Until we have a clear signal either way, we should remain on the sidelines. Here are a couple of potential trade ideas if the price breaks in either direction. Trade Ideas Long Entry : $19.12 Stop Loss: $16.92 Take Profit: $23.53 Risk/Reward Ratio: 1:2 Short Entry : $12.90 Stop Loss: $15.10 Take Profit: $8.49 Risk/Reward Ratio: 1:2 Key Takeaways 1. Measured Move Complete. Pullback in Progress. 2. Price near Resistance Zone. Wait for More Price Action. 3. Short Setup, Wait for Bear Signal Bar and Confirmation. 4. Long Setup, Wait for Break of Resistance Zone. 5. RSI near 58.00 and below Moving Average. Bias to Short. You are solely responsible for your trades, trade at your own risk! If you found this analysis helpful, click the Boost button and let us know what you think in the comment section below!
by TraderEngineering
ChainLink - $LINK - Let it play out...No one goes into the market thinking they should buy at the high and sell at the low. The problem is that at the moment when faced with the ups and downs of the market, it’s hard to resist the urge to do those things. Trading is all about spotting emotional excesses either to the downside or the upside. You want to be on the right side of those emotional reactions and not the wrong. #LINKUSDT: I'm SHORT/BEARISH position up until ( GREEN BOX ) Fibonacci retracement levels 50% ; .618% I expect that $LINKUSD will rip down. This would mean that CHAINLINK will lose more 50% of its current value against USDT Tether before it can recover. Well, I keep you updated as this timely issue evolves. If you want to win in this market, you need to be COLD and CALCULIST. Good luck! #LINK #CRYPTO #LINKCHAIN #CHAINLINK #ALTSEASON2020 $BTC $BCH $BNB $XLM $EOS $ETH $ADA $LTC $TRX $XRP $IOTA $LINK $XTZ $BTT $XMR $NEO $BTT $MATIC $XMR $MRK $XEM $ONT $DASH $BAT $ZRX $LSK $NANO $REP #altcoins #bitcointrading #BuyTheFear #BuyTheDip
Short
by ferGOD
4
$LINK/BTC Short - Possible Blow-Off Top FormingI think there's a good chance we may be seeing the beginning of a volatile and rapid bearish expansion for $LINK. We can see a high correlation between Chainlink's chart to a typical market bubble / blow-off top - including an almost vertical, aggressive final phase finishing off with a spinning top on the 12H. Looking at the hourly chart, we can see that we've broken market structure by having clean closes below the swing low that made the high - this being so much more significant due to it occurring at the -0.27 extension of the daily range that preceded the final run up. We failed to break back into bullish market structure and have instead retraced back into the hourly supply that made the most recent swing low. Combining the factors mentioned on the chart above/this analysis with the increasingly widespread euphoric speculation leads me to believe the whales might have found their point of highest liquidity in which to sell in to. In conclusion, I would be vary wary of entering any long positions at these levels as it seems likely we might be seeing circa $8 again before long. If true capitulation occurs, we could even see sub $5 in the coming months. I know this won't be a popular opinion, but it's often best to exercise a contrarian view when your analysis indicates weakness and the hype levels are at such a peak. Thanks for looking - don't shoot the messenger! FantasticMrFX
Short
by nstorrsfoxgmail
Chainlink Technical Analysis: LINK/USD Blasts New All-Time Highs Chainlink has ascended to new all-time highs around $17.00 in the push for gains eyeing $20.00. LINK/USD is trading within a rising wedge pattern spells doom with a possibility for breakdown to $15.00. Chainlink is arguably the best performing cryptocurrency in the market this August. It is giving major assets such as Bitcoin, Ethereum and Ripple a run for their money. For instance, at the time of writing, LINK/USD has surged over 27% to trade at $16.41. This follows a minor retreat from highs around $17.00. A bounce seems to be underway after the price embraced support at $16.00. From Monday, Chainlink has been on an impressive journey of breaking key barriers. The bullish action has sustained incredibly well above the ascending trendline (forming part of the rising wedge pattern. The price has formed a good higher high and higher low pattern but with the upside limited by the rising wedge pattern, progress eyeing $20.00 could be jeopardized. Effort and attention among the bulls are channeled towards breaking the resistance at $17.00. Perhaps with the hurdle in the rearview, LINK/USD will encourage more buying entries, thereby drawing nearer to the ultimate level at $20.00. Technically, upward momentum has lost its charm at the moment. The Relative Strength Index (RSI) is holding above the midline but struggling with movement towards the overbought (70). The MACD, on the other hand, is trending above the mean line (precisely at 0.2814). It features a minor bearish divergence (-0.025). In other words, the path of least resistance is no longer to the upside. Instead, Chainlink is likely to focus on holding above the support at $16.00 in order to avert further losses to $15.00. Other support levels lie with the 50 SMA and the 100 SMA in the 15-minutes timeframe. LINK/USD intraday levels Spot rate: $16.18 Percentage change: -1.31 (on the day) Relative change: -0.15 Trend: Bearish bias Volatility: Shrinking
BINANCE:LINKUSDShort
by CoinGape
1
Chainlink Formed A Big Bearish BAT | Bear Move Can Be ExpectedHi fox hope you are well. Chainlink is one of the coins that I love to trade because this coin always gives very good trading opportunities and forms different harmonic and chart patterns and have very good volatility which makes it favorite among the traders community and especially for me. Bullish Move Upto 211%: On weekly chart after forming a double bottom the Link has produced more than 211% and this rally was started since December 2019 up to the current month even though the coin has formed a double bottom and everyone knows that after the double bottom pattern there are strong chances that the link can make higher than the previous high but there are some signals appeared showing that this asset can have a pull back. A Strong Resistance Is Found: As we can see that Link has found a strong resistance at $4.58. In June 2019 the Chainlink reached at this level but could not breakout this resistance and moved down then after formation of double bottom currently it has again reached at this level and on weekly chart we can see that the priceline has hit three times at this level but even after three attempts the price action of Link is not able to break out this resistance level. Now we have four touches on weekly chart at this level in total from June 2019 up till now. A Parallel Channel: On long term weekly chart the Chainlink has formed a parallel channel with the support at $1.54 and the resistance at $4.58. If we place the volume profile on the complete priceline moving between this channel then we can observe that the trader’s interest is very low above $3.22 and also very low at the support of the channel. And the POC of volume profile is at $2.88 which is a positive sign because if the price action drops down from here then we have a support level $2.88 this is the resistance which price action faced to cross up from Oct 2019 to Jan 2020 and also the POC of this volume profile at the same level. And if we place the Fibonacci retracement tool on the complete price action of this channel then it can be easily seen that the POC of the volume profile is at the golden ratio of 0.618 Fibonacci level, this retracement level is favorite for traders because they expect a bullish reversal from this level. And POC of volume profile works like centre of gravity and always calls the price action towards itself like if we see the drop of Chainlink from June 2019 up to September 2019 then we can observe that the priceline moved up towards POC of volume profile and moved down again and then moved up and broke out the POC level of volume profile. This happened because the POC of volume profile pulls the price line towards itself and at the same time it also works as a resistance or support therefore if there will be any drop happened this time then we can expect that the POC of this volume profile will work as a strong support. This is the reason why I am not expecting that in case of any drop the priceaction will hit the support of the parallel channel at $1.54. Big Bearish BAT Pattern Has Been Formed: On the same long term weekly chart it can be easily examined that Chainlink has formed a complete bearish BAT pattern. The initial leg was started on 24th of June when first time the price action found the resistance at $4.58. Then price action of chainlink started moving down and completed the initial X to A leg on 23rd September 2019 then from this level the price action retraced up to 0.50 Fibonacci level and after completing A to B leg it is projected between 0.382 to 0.886 Fibonacci projection of A to B leg. And now we can see that the final leg which is C to D leg is retraced between 0.786 up to 0. 886 Fibonacci level even though priceline has hit the spikes beyond the resistance level of 4.58 dollars but so far no candlestick has been closed above the potential pullback zone of this bearish BAT` pattern. A Small Bearish BAT Pattern On 12 Hour Chart: Now I am taking you to the 12 hour short term time period chart and here the price action of Chainlink has formed another bearish BAT pattern within the BAT pattern of weekly chart. And after completing this pattern the priceline is entered in the potential reversal zone and from this point we can expect first pullback. But the pull back which will be started on this chart will take little bit long time to be reflected on the long term weekly chart. How We Can Confirm The Pull Back On Long Term Chart: Now the question is that how we can confirm that the bearish move is getting started on long term weekly chart. For that there are several indicators we can use to check the bearish pullback. And you can use your own set of indicators to determine this. At this point the indicators I am using to confirm the drop are three. First the relative strength index (RSI). 2ND indicator is Stochastic and 3rd indicator is moving average convergence divergence (MACD). Even though all indicators are strong bullish so far but once the indicators will be started turning bearish and we will find the price action in the potential reversal zone of this bearish BAT pattern then the drop can be confirmed. At this time the RSI is already in oversold zone the stochastic is in bull cross and MACD is strong bullish, now here we can see two things if the stochastic will give us bear cross and moving average convergence divergence will be turned bearish then these two signals can be used as initial indicators to confirm the bearish move. Should I Buy If The Drop Is Expected? If you are already enjoying the bullish ride of Chainlink then you can follow the above guidelines to take exit in case of drop. But if you are a new trader who wants to buy the chainlink then I would suggest you a bit aggressive strategy to buy. As we have seen above that the priceline has found a strong resistance at $4.58 since June 2019 therefore first we need to observe and wait that the price action should break out this resistance level and after breaking out from this resistance level we can buy enjoy the next bullish rally. Further I will post more updates on Chainlink with the developments.
Short
by moon333
TRADINGVIEW GLITCH RESOLVED ?? HOPEFULLY -- CHAINLINK SHORThttps ://imgur.com/ gallery/ NWoHfMm https: //imgur.com/gallery /95QLy0s (Spaces in betwen both links; delete them in the web browser for access, otherwise TView won't let me post them) FIRST AND FOREMOST....I feel it necessary to explain myself as to why the hell its been almost 2 weeks since I published anything; let me put my (small, but vocal & loyal followers whom I am very appreciative for =D) at ease & let you all know that what has happened needs no further explanation that the screenshots taken as revealed in the images posted on imjur today... I posted this support ticket on TradingView Help Center on 12/21/19 & I'm not sure if the issue was resolved but it appears to be...I hope anyway. The support ticket (both the one I had filed & the ones I had in the past going back several years) were all wiped clear..and the data analytics show a patch resolved a bug on 01/11/2019 so I hope that this puts this matter to bed. In short, I had two tradingview accounts (courtesy of IoS (which LOATHE AND DESPISE) ) as well as logging in via facebook/google/twitter or hand typing login/psasword in full juxtaposition with logging in solely with one method: using the login/password manually (which on my phone is no biggie..thanks to face ID & such) nor is it on my PC / laptop as I often find myself typing faster than I think so constantly put myself in a position where the expression "think before you speak" applies directly to the context in which I mistakingly (at times) forget to "think before I TYPE!" The main issue I was having was that it created a duplicate account -- my publications, followers, rep were getting split into "atarabichi" and "a1mtarabichi" which was so damn frustrating as not only did it prevent me from posting any publications; but I could not access intraday trading timeframes... Some of the lovely publications you missed (but not for lack of trying) in the past week alone: $EOS $DATA $BNB $ETH & my LORD did I want to post my $LEND & $TRX publication as that was a HUGE haul and it pissed me off that I could do nothing more than tweet " According to Financial News, the company was the fastest growing asset manager from 2000 until 2005 when it stopped accepting new accounts. [Its assets under management have increased by 25% each year during the 2001-2010 decade with employees at eleven times their year 2000 levels. The company's Daily Observations research is reportedly read by leaders of central banks and managers of pension funds around the world. In 2012 Dalio appeared on the annual Time 100 list of the 100 most influential people in the world. In 2011 and 2012 Bloomberg Markets listed him as one of the 50 Most Influential people. Institutional Investor's Alpha ranked him No. 2 on their 2012 Rich List. It utilizes a global macro investing style based on economic trends such as inflation, currency exchange rates, and U.S. gross domestic product. Bridgewater Associates began as an institutional investment advisory service, graduated to institutional investing, and pioneered the risk parity investment approach in 1996. I first discovered Dalio after finishing "The Making of an American Capitalist" a semi-autobiographical and strategic guide on Warren Buffet written by Roger Lowenstein -- another MUST READ recommendation; but unlike Lowenstein's book on Buffet...Dalio's semi-autobiographical investing guide, not dissimilar from the aforementioned one about Buffet, is more of a "Dos and Don'ts Rulebook for venture capitalists" and it was written by himself. It gives you a dive into the mind of one of the greatest entrepeneuers and investors to have ever existed int he history of mankind -- and you damn sure learn a lot from it!! For those interested in Dalio's book...it's called "Principles: Life & Work published in 2017 Ray Dalio based on principles he had developed while running Bridgewater Associates. WITH THAT BEING SAID: I'm praying this publication will post properly...and I could go on all day with this oped but I've said what I needed to say thus far and need to foucs (from hereon) moreso on quantity & less on quality (that's not to say I need to be one of those clowns posting 15 chart publications a day with an accuracy rate of about 40% and talking crap not knowing what the hell they're saying -- and they do so with absolute subborness & such confidence like "how the f could you possibly know?" but I digress. I just felt it necessary ONCE AGAIN to distinguish that I will always practice this concept of being radically open minded; always be open to the idea that I am WRONG and my TA is clearly wrong as well. It's IMPOSSIBLE to account for all anomalies when it comes to investing, but with the 10 Crypto Commandments (it's on my Linkdeln page as well as my Twitter...I highly suggest you read it) and don't be one of those "TLDR" clowns who expects to get rich without doing any research whatsoever.. I live my life using the 7 P's to guide my version of success (in roder from most to least important) I suggest others do the same as this philosophy is foolproof, despite being different contingent on your personal preference/hobbies/goals/aspirations: 1) Prepare 2) Prioritize 3) Portfolio Management 4) Python 3.7 (cloud computing & data compressionn MOSTLY( 5) Promises (New Years Resolutions -- Promises made, Promises kept including taking care of my mind/body/health for what I call an "inner spiritual revolution" though that's a whole other oped/article for a whole other time/date 6) PRACTICE (Nothing worth having comes EASY -- BUILD the skills I need to have while BOLSTERING the ones I do have) 7) PLAY!! (BALANCE, R&R, RELAXATION..I learned the HARD WAY in 2019 that not having the right routine, which includes setting time aside for a hobby (reading a book, watching TV< working out, getting laid, clubbing, ANYTHING that helps you grow spiritually) I got a little out of hand here so I'll update later... with that being said: We've got an inverted H&S ON CHAINLINK LINK BTC Numbers, targets, STOP LOSS (red horizontal) and all the likes posted above. [list [ [b ]Personally I"m shooting for TP 0.00028995 & setting stop @ 25064S. Fairly bullish on this signal as evidenced by the inverted H&S posted in chart above Cheers. HAPPY BIRTHDAY TO MY BEST FRIEND & LITTLE BROTHER -- ADAM T. Love you bud! TRADINGVIEW / STOCKTWITS / LINKDELN / TWITTER / IG / SC / BENZINGA / ETC.. Respectfully, -@a1mTarabichi
Short
by UnknownUnicorn1445512
Link/USDT - Rising Wedge BreakdownChainlink has broken down a rising wedge. The decreasing volume (on the bottom of the chart) is confirmation of the successful breakdown. Based on wave analysis, it is possible it may downtrend further. Shorts are not something I trade personally, so this idea is only for the benefit of my followers who do and for those considering adding to Link's technical analysis. => possible completion of sub waves 1 & 2 of the 0-a wave of its downwards correction with an oncoming sub wave 3, OR => completed a-b (or yet to complete a-b) of the corrective sequence (less likely in my opinion, taking retracement values into consideration - but not impossible). Currently hovering around the top of the Ichi cloud, it is not being very positive about continuing upwards. it would be interesting to watch its movements if and when it hits the strong Senkou Span B support line (marked black). Likely targets are marked on the chart should it continue to downtrend. Always use any idea in conjunction with your own technical analysis before trading. Happy trading and Vanakkam. :) What goes up must come down. _____________________________ There's only one person you need to follow when it comes to crypto. Papa Bear's Path of Least Resistance Our October Profits
Short
by PurpleCrypto
2