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Chainlinkusd

LINK fakeout got me rektSo as I've said in my previous analysis of LINK I have entered a trade once it broke out of the channel. Breakout ended up being a fakeout, which immediately triggered my SL. I should've waited for confirmation... My mistake and I'll learn from it. Now: LINK is at the bottom of the channel. I have taken a medium size position in LINK with a SL at $11.20, just below the previous wick. Safe trading! ------------------------------------------------------------------------------------------ Please 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!
Long
by Coinathlon
1
LINK.USDT (Y20.P5.E2).Harmonic or H&S?Hi All, Note: This is a continuation of the previous post for link and at the end of this post, I made this update. Now we are continuing off this update. Those who know me, I like to continue off the price action story when its relevant. My Thoughts: ======================================================= > I'm first suggesting like BTC, we are now in a downtrend and should trade that way; > I made a fair bit of effort to look at it from many angles with the following: a) EMA \ RSI weekly and daily perspective; (34 to 50 weekly ema) b) Head and Shoulders scenario; (height of head is used as target) c) Inverted BARR approach; (where the wave started from) d) Channel approach; e) Support and resistance\fib level approach; (double bottom scenario) and macro 0.382 fib level. f) Harmonics From all this, I have concluded for now, this green zone makes sense; You be judge: Note the double bottom fractal. > Here we have the following elements of a, b, c, d, e, and f; We are doing the ABC motive\impulse wave based on cycle theory and wave analysis; > From the HARMONIC perspective, the price can fit into a number of Harmonics so we will have to wait to see what point C is to know or estimate where point D will likely be. We can have the double bottom approach, represented by the ABCD model. > If you look at the macro chart below, one can see the mid line of the channel which acted as strong resistance (5) and hence will be strong support at point (c) which resonates with the level of the double bottom. > Another approach is the inverted barr method and it too has point C of the ABC wave; This also resonates with the weekly support level; > The Weekly chart: bottom ema ribbon = 34 to 50 EMA, acted as support. I think the 21 weekly ema (lime) was tested and we got a bounce already but I see this as point A of the ABC wave and hence will not hold Note the weekly RSI level which gave a consistent continuation trend support level. BEARISH Scenario Please give me a like or tick for this post, Regards, S.SAri
by ssari
2
LINK is looking like it's ready for take-off before XmasNot too much to say since the chart speaks for itself. If Chainlink manages to stay inside the current fib channel, we could reach anywhere from 100% to 200% gains before Christmas. I'm long again since $12.25 and plan to stay that way for at least the next three weeks. PS - I'm new to TradingView and publishing my TA publicly, so let me know if you see something I don't or if you have any comments or suggestions. Thanks! -Juice
Long
by kjuice24
LINK.USDT (Y20.P5.E1).Macro.Bullish formationHi All, Just putting forward a likely scenario based on a few points. > we hit the 0.618 fib level as resistance; > BTC has likely hit a resistance; hence a pullback is likely and hence for link as well; > If there is a pullback, since BTC is still bullish, link will also; If BTC looks for the daily 21 EMA, it maybe the case for LINK looking for the same, either the daily 21, or 50 EMA. If this was to occur, as per the chart, it will on the macro level, create a cradle on the weekly where we use the larger ema support to go back in. If this was the case, we can anticipate a macro continuation pattern, as we got here, a inverse H and S. It could also be some sort of ascending triangle. Note, the fib levels on this chart and how they correlate with the structure and EMAs. All key ingredients for the next move. These are my thoughts for now, in the planning. Cheers, S.SAri PS. The wedge breakdown will be the trigger.
Long
by ssari
3
LINK/USD at a crossroads. Here Are Our Price Targets to Watch!Here we have a WEEKLY Fib-Retracement chart... Bitcoin's recent run up could spark a LINK rally in the short term. If that is the case and Bitcoin can hold these high levels for a while, LINK could see a swift run up much higher to around $15.50 very soon. If Bitcoin corrects harshly and quickly, our target for LINK is the $10.75 support. If LINK starts closing daily candles below $10.75, we are in for a bigger drop and I see $8.50 being the absolute lowest we go over the next few weeks/months. If this happens, it could be the chance of a lifetime to buy more LINK.
COINBASE:LINKUSD
by FiveDayCrypto
Link looking ready to move.... dump or pump?Thoughts provided in the text bubbles on the charts. No clear conclusion can be made by looking at these three time frames. There is upward pressure but the indicators show to me that link is set up to dump... Therefore we must look at more time frames to see if we can get a different view and a more clear idea of what is to come. The areas marked are to compare present day to what looks to be a very similar situation that occurred just recently. I will provide the update here
by beastedz
4
Chainlink mid-long term analysis. Ready to moon?In depth description is given within the text bubbles on the chart. Overall the technicals are looking very bullish and are indicating that we are still in a long term bull trend. If you don't hold link I would look to accumulate on any dips. Im expecting some sort of shakeout to occur before going up but it will be just that, a shakeout meaning you will have to be on top of getting your buys in. If you are looking to get in a margin long before sure to follow me as I will post good entries for those too... last one we got in right at 11.50. The best time to get in these margin trades is during the shakeouts when you can catch them. WARNING: I POST THIS AS "LONG" BUT ON A MID TO LONG TERM TIME FRAME. If you want the best entry you will need to be weary of lower time frames as well. Be sure to follow me and like my ideas as I will give good entries on these shorter time frames and post relevant updates within my publications.
Long
by beastedz
2
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
Chainlink Short Term Resistance Levels to Watch LINK/USDAs we continue to move up with LINK, here are a few levels that will likely see some resistance. To make it easy to remember, $12 (orange line) will likely have minor resistance, and our local top of $12.85- $13.00 (red line) will likely be much stronger. If our weekly Stochastic can stay strong, rise up, and give us enough momentum, we can blow through both of these. If Bitcoin starts to sharply retrace, it could be tough to continue to move up in the short term (next few weeks). More Chainlink updates next week! (chainlink wednesdays)
COINBASE:LINKUSDLong
by FiveDayCrypto
Link testing monthly pivotWe are trickling towards the end of the channel on Stinky Linky. I hodl to 100 and trade to take profits in LINK, not USD. This is my idea for the coming elections. Disregarding politics, if price action goes below the channel we are opening 9.2 and 8.5 to begin with. The fall is going to be brutal and fast going down. If we bounce from the channel make sure we get above the monthly fib pivot before going crazy on them longs. We are in an ascending channel going up. Tendency is up for now but be patient. Targets for the uppity up are 12.5, 13.8 and 15. Exit on lower lows. The long position will be full of swings with fast up and noise on the way down. Good luck to all!
COINBASE:LINKUSDLong
by Flip_Safari
6