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
Chainlinkusd
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.
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
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)
LINK opportunity for new highs?Hi all,
this is my first public analysis.
These 2 years in crypto have learnt me to focus on simpler strategies and to detect the right moment for entering an interesting positions.
Bullish triangle in a form, maker higher lows and waiting for breakout.
According to my patter I would wait for this bullish pattern to confirm by breaking out of the zone.
I would appreciate your comments on the idea.
Many thanks and happy trading!
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!
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.USDT (Y20.P4.E8).Macro.Going longHi All,
note: This is a continuation post so I'm keeping this short as previous posts explains my approach for LINK. Reference links are below.
OBSERVATION:
> We have 3 more days for the weekly candle to close and so far, its broken the previous resistance level on the weekly;
> BTC dominance has hit resistance and will likely go sideways for the next few days giving the ALTs the chance to go up;
> Previous BTC posts explains why we have hit resistance for BTC, its the 0.618 macro fib level, which will be a strong resistance based on this level;
> One can observe 2 of the indicators has cross over on the weekly, showing initial\potential reversal;
> Looking on the daily, we can see a bottom formation taking place, represented by the orange triangle, chart below;
> FYI, the green band was my previous point of entrance as it was the weekly support area which had confluence with the 0.382 fib level + a few more points, but you can look that up my previous posts.
>21 Weekly EMA, similarly as BTC, acting as support, this suggest we should keep an eye on this.
> Note how price has broken the 0.236 fib level on the macro.
All this plus a few more points makes me think, we should be near the reversal stage soon.
FYI. If you on FTX, its a good opportunity, risky but can be highly rewarding to go with LINKBULL.
Sometimes its better to see a better upward trend before you jump in.
All the best,
Regards,
S.SAri
Weekly chart: Green is the 21 Weekly EMA, similarly as BTC, acting as support, this suggest we should keep an eye on this.
Daily, BAT harmonic target
Another bullish target using the height of the triangle
Close up, 8 hrly chart, some upward pressure still there. Note the key levels, needs to hold for the next day or 2 for it to go bullish.
Link LONG set up with potential price targets (Ward method)I would say that if the red RSI closes above 50 on this daily candle we are safe for entry.
It currently looks safe for entry but if the price dumps the red RSI can be "pushed" down back below the 50. If the red RSI closes below 50 we would be in danger of falling down when the white energy in the 12h time frame exhausts. That is why I say we must wait for the red RSI to close above 50 for a SAFER entry