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Chainlinkusd

LINK 6h Will it have another chance of tasty purchases?Although with a delay and a little with trading nerves, but still, we got the long-awaited LINK per $8.80 from the previous global idea . A low is $8.05. Our entire series of LINK ideas are attached below. We invite you to familiarize yourself with how they worked out. What can we expect from the LINKUSDT pair now? The rise in value above $11.56 is almost unrealistic in the near future. Though, there is a positive . The circled flow was very voluminous and someone bought very tasty, who placed buy orders where necessary. And if this "someone who bought" is a serious man, now we can expect once again a smooth descent of the LINK price, but not lower than $8.80. Then we can hope for a second, more decisive rebound. If there is no strong buyer for $8.80, there will be no volumes, then the fall will continue to the range of $7 . _______________________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
by P_S_trade
7
LINKUSD formed Gartley | Upto 34.5% expectedOn daily chart, the price action of Chainlink (LINK) has completed bullish Gartley pattern, now it has entered in the potential reversal zone. There are also 100 simple moving average support in the potential reversal zone. Buying And Sell Targets: The buying and sell targets according to harmonic Gartley pattern should be: Potential reversal or buying zone: $12.4824 to $11.4132 Fibonacci projection or sell zone: $13.3258 to $15.3716 Stop Loss: The potential reversal zone area that is up to $11.4132 can be used as stop loss in case of complete candlestick closes below this level. Possible profit and loss ratio: As per above targets this trade has a profit possibility of 34.5% and as per the above-mentioned stop loss, the loss possibility is 9%. Note: Above idea is for educational purpose only.
COINBASE:LINKUSDLong
by moon333
1
Chainlink on the cusp of a massive rebound Chainlink seeks a formidable anchor at $11 to plan the next recovery mission. The double-bottom pattern on the 4-hour chart hints at a possible rebound to $15. Chainlink is leading the correction in the decentralized finance (DeFi) ecosystem after losing over 10% of its value since Tuesday. The token is trading at $11.7 amid an ongoing retreat. Recovery is possible if LINK confirms the likelihood of a double-bottom pattern forming on the 4-hour chart. Meanwhile, the Relative Strength Index adds credibility to the short term bearish momentum following the dip into the oversold area. A rebound will come will into play if the RSI creates a bullish divergence. This type of divergence forms when the RSI hits a low within the oversold area followed by a series of higher lows. The occurrence of a double-bottom pattern also hints at a tentative recovery from the dip. The pattern comes into the picture when an asset tests the same lower price level twice without breaking it. The price level comes up as a firm buyer congestion zone, thus the weight behind the anticipated rebound. On the upside, resistance is anticipated at $13 (former support). Other levels likely to hinder recovery include the 200 Simple Moving Average, the 50 SMA, and the $100 SMA. The rebound from the double-bottom targets $15, a move that could pull Chainlink into a new bullish phase towards the yearly high at $20. It is worth noting that, LINK will invalidate the uptrend if declines stretched past the expected support at $11 (double-bottom). Massive losses are likely to play out as investors rush to cash out before Chainlink dives under $10. A possibility exists for the price to refresh August’s support at $7.2. Chainlink intraday levels Spot rate: $11.8 Relative change: -0.3 Percentage change: -2 Trend: bearish Volatility: High
BINANCE:LINKUSDLong
by CoinGape
1
Chainlink recovery hampered under $14.5 Chainlink holds above the critical support provided by the 50% Fibo in conjunction with the 100 SMA. LINK/USD could resume the uptrend as long as the price reclaims the position above $14 and holds the 50% Fibo support. Chainlink’s upside recently hit a wall amid the recovery from the Thanksgiving Day crash to $11. Several barriers were pushed into the rearview but LINK failed to sustain gains above the stubborn resistance at $14.5. Meanwhile, it is still difficult to sustain the uptrend, now that the price slipped under $14. Chainlink holds above critical support At the time of writing, the decentralized oracle price feed token is trading at $13.9. Immediately on the downside, the 50% Fibonacci level is providing support. Additionally, the 100 Simple Moving Average on the 4-hour chart, adds credibility to the support. Holding anchor above will cement the bulls’ position in the market while setting up Chainlink for a price action eyeing $18 in the medium term. As mentioned earlier several resistance levels are likely to delay the recovery, including $14.5, $15 as well as $16. On the other hand, trading under the 50% Fibo and the 100 SMA might trigger massive sell orders. If enough volume is created, LINK would be forced to seek balance at the 50 SMA and the 38.2% Fibo. The bearish outlook has been reinforced by the Relative Strength Index after stalling slightly above the midline. In case of extended declines, the 200 SMA is in line to cushion Chainlink from a massive drop. However, last week’s support at $11 would be the last resort before LINK enters into a downtrend with the potential of refreshing levels under $10. Chainlink intraday levels Spot rate: $13.9 Relative change: -0.034 Percentage change: -0.2 Trend: Short-term bearish bias Volatility: Low
BINANCE:LINKUSD
by CoinGape