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Chainlinkusd

LINKUSD: Trying to pass $3.4 resistanceLINK respects the range well, bounced from $3 as expected and test $3.4 one more time, but without success. And it make sense to expect it to test the range bottom at $3. I'm here more bearish (only short term) than bullish. But if BTC will break $7000 Link definitely will follow. Hit the "LIKE" button or sign up with my ref links below to support, thank you. Information is just for educational purposes, never financial advice. Always do your own research.
BINANCE:LINKUSDShort
by Bitduke
LINK (Y20.P2.E6).Macro.Ranging BottomHi All, At times LINK has been strong during the year but when it drops, it capitulated more than most. Disappointing it was. When it rallies it rallies well. My perception is that, like BTC and if you look at many of the ALTS, have the similar ranging price action and many ALTs are doing better than LINK, eg, ADA while BTC moves sideways. Observations > RSI trend broken on the daily > volume dropping > Bottom fractal as per previous times, hence the bottom was and will be tested at least x2 times, based on the RSI bottom > 1 hrly chart, bear flag formation, momentum is on the down side > Daily chart breaks trend line for reversal (middle chart) > Daily 10\21 ema ribbon acting resistance Thoughts: I go with the trend and hence its more likely that we have ABC move, where C goes to the 1.8 to 1.88 range. There is also a bullish scenario, just like BTC where it gets momentum and regains back to the support level of recent and goes up. But I see this less likely. For now, I see a bear flag in the lower time frames and then a drop towards $1.8 Regards, S.Sari
by ssari
Chainlink bullish momentum - $7 USD soon...I don't usually post on Trading view so here's a little intro to myself. If you've been following me on Twitter @fintechfin you would know I've been holding a long term position in Chainlink - buying from 0.17c to $1.20. I plan to divest a majority of my capital around 2022 - 2023 as I believe this is when smart contracts will begin to be implemented within mainstream technology, of which Chainlink plays a fundamental role within. In the meantime, i'm looking forward to sharing some trading ideas with you all along the way! So...I'll get into my chart analysis.YES, I do think it's possible to see Chainlink around $7 by the end of March. And even further anticipating the next impulse wave to come. This is for a few reasons, of which I will mention three of the most notable: 1. Chainlink is too fundamentally bullish to double top at $4.50 - 5. Chainlink is arguably one of the most adopted blockchain technologies by mega-corporations in the ecosystem (Ethereum a close second) with the likes of SWIFT, Oracle, Google, EEA, Microsoft and partners of IC3 including IBM, Intel, Cisco JP Morgan - Despite having only 1/20th of the market cap! Note: Most of these partners are in POC stage of development. 2. Volume is almost half of what it was last time LINK was sitting at 4.50, I anticipate a ATH in trading volume as-well as price. 3. According to Elliott Waves Theory, Chainlink is in its second wave approaching its third after a possible pullback. If we see a pullback around this region of the fibs I can see $7 as a likely possibility. In the macro trend of Elliott waves theory we also seem to be in the second wave. After $7 I can see a possible correction wave taking place which will leave us bearish until Q3 2020 when we see staking go live on Chainlink mainnet. Note: The date for Chainlink mainnet is pure speculation from watching the Chainlink developer pivotal tracker - link here: www.pivotaltracker.com Why $7? Fibonacci, thats why. Big love to you all, we're going to make it. My linky stays super stinky $1000 EOY lol DEFINITELY NOT FINANCIAL ADVICE - I MAY OR MAY NOT ACTUALLY HOLD CHAINLINK TOKENS
BINANCE:LINKUSDLong
by Fintechfin
7
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
Bitcoin Wedge Update, Chainlnk, Ethereum, TezosIn this update I discuss the recent price change on the bitcoin chart, so far confirming the action being contained in the wedge which points toward the date of the bitcoin block reward halving. I go over the previous 2016 halving and the price jump in the weeks prior, and try to use it as a lense to help understand what may happen in the coming months. Additionally, I go over my personal alt-coin long positions, their to-date gains since I entered the market, and what may come of the price action soon. Please feel free to give me your opinions, as they are always welcome. Happy trading, happy hodling. PS: This is not financial advice, these are my opinions and mine alone. Good traders always set stop losses, and never risk more than they can afford to lose. -Trey
COINBASE:BTCUSDLong
by coppertoe347
LINKUSD: Ranging LINKUSD is ranging between $4.8 - $4.55. There're significant amount of asks in upper zone from $4.7, but not too much bids near $4.55. I can assume that if BTC will go below $9000 - link will dump to $4.5 - 4.4 as well. I'm trading this range right now, but carefully, because as you can see each next pullback is weaker and support/resistance were tested several times. Information is just for educational purposes, never financial advice. Always do your own research.
BINANCE:LINKUSD
by Bitduke
LINK.BTC (Y20.P2.E4).Just goodHi All, This is one asset that continues to perform and hence worth going long, until not too. As you can see, against BTC it has completed the 5 impulse move with an a ascending macro triangle and hence the upper bounds like in LINK USD\T has no boundaries as yet and is unknown territory. If one was to speculate based on the height of the triangle, that will be the macro target in the coming year. If you believe like me that next year and onwards will be the big bull market moves, then LINK will have some story to tell. I have a sizeable holding of LINK and I"m pissed that I have not watched it hit 3.3 level to buy more in. For now, I have the next fib. extension level as its target 4.45 and while BTC moves sideways for some time (likely) fluctuating and testing the 8400 support and then at times the 8200 support, LINK will keep performing. LINK chart Please don't forget to give me a tick\like, as I would appreciate it. Regards, S.Sari (for my reference > macro.chart) Previous posts
Long
by ssari
2
$LINK Chainlink EW 5th? First idea!! CHAINLIKEHi there, this is the first time publishing an idea for me on tradingview. Im heavily invested in chainlink because of what the network and team are capable of. Partnerships everywhere, vital to defi, staking not yet live which will push the price parabolic because of collateralization. If you dont understand this dive into $LINK's tokenomics and read between the lines ;) You'll be satisfied. Buying opportunity will come, one last time somewhere coming months after we went above $10 and likely retrace to $3-4 area. Then the game is on and 2021 we will fucking fly. Chart is more for fun.Though id be happy to receive some feedback about the use of EW since im not a huge TA trader. Thanks and Cheers. - The God Protocol
BINANCE:LINKUSDLong
by OpOsjaan
1
$LINK trading happily in the green zone - red zone soon 👀$7.77Hi TradingView world. I thought I would touch base with you all again to show you something quite special. First, I'd like you to take a look at my ZOOMED OUT analysis of Chainlink. This should give you some perspective on the fibonacci retracement and some other historical trends shown on my short term trend analysis. Link here: According to my analysis (link above) mentioned earlier, Chainlink is preparing to enter its third impulse wave - all the while showing strong discipline towards the GREEN channel between 4.80 and 3.90 painted from the fibonacci retracement tool on a macro trend spanning over nearly 2 years. This trend is hinting towards a price movement to around 7.70. Although, some tingly feeling makes me think we'll hit at least 7.77. DEFINITELY NOT FINANCIAL ADVICE - I MAY OR MAY NOT ACTUALLY HOLD CHAINLINK TOKENS
BINANCE:LINKUSDLong
by Fintechfin
LINK to break all-time high.LINK can boast an impressive performance until now and is expected to beat the all-time high by end of February or before. Not a single technical mistake was recorded for two months straight, which underlines how bullish the stock really is, especially with a super high cumulative volume at 60 billion (!) currently. This post will be updated continuously in the coming days, as we'll be looking for the best exit and re-entry points, as well as formation analyses as they materialize. Near-term price target: $5-6 ADX:
COINBASE:LINKUSDLong
by UnknownUnicorn5323213
3