Get started

Chainlinkusdt

LINK.USDT (Y20.P4.E4).Stalking.Livermore structureHi All, I'm sure many of you like me have been stalking LINK for the right entrance for it is a good performer and project to go long with. Looking at the structure we can see confluence with the 0.618 and support area. It seems like too much of an obvious target, so how do we see this play out? If we assume many are waiting on this, it might not get there for we have on the 8 hrly and daily, a hidden bullish divergence, a potential bounce at the $10.1 level, current level, chart below. Some analysts say the $10 will give way, but really it all depends on what BTC does as well. I noted a bullish divergence on the 4 hrly for a bounce at this level. Also a potential hidden bullish divergence on the 12 hrly to dailyy In addition, I'm no expert but this expanding cylinder structure resonates with "Livermore"s speculative chart' on the daily where point 7 is our entry point as well. If this is correct, this could be huge. Confirmation will only be later on. On the daily, the RSI and other indicators support the notion of a timely bounce at this envisioned support level, it might be a quick dip wick to fulfill this. Now what will make these ALTs go up, a potential drop in BTC dominance to come, which is viable for we have BTC dominance in the MACRO chart headed more south. Question is when? I also have BTC dominance for this micro level going up, which can force it for LINK to touch this support area. ============================================================================================================ Daily Chart: With 100 and 200 ema playing a role. We have the Lucid indicator showing downward pressure still. ============================================================================================================ On the BB chart, we have the bottom yet to be tested on the 12 hrly as well as the daily. ============================================================================================================ On the 12 hrly, I'm looking for a bullish candle and\or a cross over of the WT indicator. Maybe looking for a double bottom for the RSI. ============================================================================================================ 4 HRLY chart, bullish div. ============================================================================================================ Please give me a tick or like for this post Regards, S.SAri.
Long
by ssari
4
Chainlink Just Confirmed Bull RallyAlthough LINK has pulled back up to 50% we have confirmed a S/R Flip and We Expect That This Rally Is Just Starting... ChainLink is a decentralized oracle network that provides real-world data to smart contracts on the blockchain. ... For smart contracts to craft agreements beyond those that pertain to data found on the blockchain, they require off-chain data in an on-chain format. ChainLink is currently ranked #1 in De-Fi Coins. Definitly a good token to mid-long term hold.
GEMINI:LINKUSDLong
by contemplatingcrypto
5
LINK.USDT (Y20.P3.E5.v2).Rare Gems.No.1.not there yet** This is a continuation from the previous post, link provided below ** As you can see based on the non log chart, it makes it easier to understand price action here. The trend line is key to this and must hold which its doing, however as per chart, wave 3 to 4 is a complex wave and hence is designed to strip your profits, like we did with 9k to 10.5k with BTC. Hence I'm staying away from further action, I bought in and now wait it out. OBSERVATIONS: ================================== > fib. levels are aligned with price actions support and resistance levels > similar KDJ pattern to the previous wave 1 to 2 and hence will use this as a guide > many levels to break on the upside what looks like a ascending triangle > the ABC correction is complete however gaining momentum will be slow > the trend is good MY THOUGHTS: ================================== I already hold LINK as I bought some at the $12 to $13 dollar mark. I want to buy more but I rather look for charts that are or have moved significantly. Once these coins slow down, eg BTC or ETH, I'll redirect some of the funds to LINK, if LINK is ready. NOTE: BTC dominance is about to have another bounce as it approaches a key level. My guess would be it does another break to the upside (breaking 12k) to reach 12.5k or more. Won't be long so this might explain the ascending triangle taking place for LINK. The DAILY gives a good account to what's going on, from a bullish perspective. I see it bullish based on the indicators as well. What are your thoughts? Please give me a like or tick for this post Regards, S. Sari PREVIOUS POST related to this continuation:
Long
by ssari
3
LINK.USDT (Y20.P3.E5.v2).Getting ready *** This is a continuation of the previous post, link below *** Steady as it goes, still waiting for that BTC to find its support base. 11,050 to 11,150 is the next layer, after that, 10800'ish. As I stated in the past posts, its likely BTC will descend slowly and boringly, ranging until it makes its next move. During that time, its likely the ALTS will continue some upward momentum. Based on the BTC dominance chart, it to is moving sideways. Hence LiNK has found support around the $12 from the $20 time high, so a significant pullback has happened. My theory for now is that this is a re-accumulation point. I do have 2 scenarios, the other is the chart below, based on the LIVERMORE chart structure. One good thing going for LINK is the reveral on the Phoeix indicator however both need to be above 50% before we can feel confident that momentum to the upside is back. Regards, S.Sari Overview: Wave 5 completed, ABC correction in place, now has this completed? The 1 to 15 stages are based on the LIVERMORE chart. LIVERMORE chart alignment Note on the 8 hrly and daily chart, we have the RSI point of bullishness broken. Not a good sign. PREVIOUS POST.
Long
by ssari
2
ChainLink - LINK - It's time!!!Are you ready? 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% . 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 . Let it play out... #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
7
ChainLink Update...Still on the Sideline.BINANCE:LINKUSD Still patiently watching Link since my potential short set up idea; A very crude head and shoulders pattern forming at key resistance zone. Trend line could be close to breaking. Before taking any trades i think we need to see some kind of decent move in either direction. Shorting here with so much buying pressure close to our entry doesn't not offer great R:R potential and longing into key resistance does not appeal to me. A substantial break out above it and longing a retest of structure above it does. For now Link is still on my watch list while i keep my fingers away from buy/sell buttons :) For spot buying Chainlink to add to my stack I'd try and stay patient and wait for a retest of low $4 range. My previous potential short;
BINANCE:LINKUSD
by AmpFury
3
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
ChainLink looking great Target 5.7Target 5.7 to complete final wave 5 to hit 100% trend fib extension. This price target seems to match the same trend fib extension taken from the start since Feb last year. Around a target of 3.5 maybe a possibility of good re-entry to bounce back from re-tracement. Chainlink seems to be strong, my new favourite coin. Every other coin is struggling this asset seems to hold steady with its own course. This my own analysis only, not a financial advice. Hit like if you think I may be on the right track.
Long
by emayo
1