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Chainlinkusdt

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. :)
BINANCE:LINKUSDLong
by RozeRoze
1
Link MID term analysis (Ward method)Overall from what I am seeing in these time frames it does NOT look like we are ready to enter a bullish trend in the mid term time frames. We are likely to trade sideways at best allowing time for the green to come out to the side and get above the white energy and the red RSI to come up above 50. At worst the green line falls with the energy and stays below it with the red RSI turning back down. This would mean downward price action is occurring and will likely continue,
by beastedz
2
Trading diary- Public trade 01- Chainlink trading 01I have finished my very first bot that has a very peculiar strategy. My strategy isn't to maximize profit, but rather minimizing risk. I have backtested it and it has been ready since July or august so I haven't been trading because I didn't have an entry. My strategy is very simple: I long when my bot tells me to long and I exit once it tells to exit. I don't short. Maybe in the future I will work on something, but the idea here is to make as much profit as possible effortlessly. The idea here is to make a public diary. I entered the trade around 10.80. My bot is still under construction, this is just the mvp , I will be improving it on the go. My target is around 80-100 usd within the next 5-6 months. The trade gets invalidated if we close below 7.36 for at least a month. On the picture below you can see my guess of what is going to happen. Just a reminder, it is just a GUESS, I don't and I won't trade on guesses, I trade once a few conditions are activated, this is just for entertaining and marketing purposes :) I, Pepe Giovanna have a dream!
Long
by CryptoWarudo
2
LINK.USDT (Y20.P4.E7).What's next?Hi, *** This is another continuation post (v2) from the previous one, as per my posting methodology where I like to link the trading story where its applicable *** Link supplied below: Just before I dig into my thoughts, Peter B gave out this tweet which said: Charts do NOT predict prices. No form of TA predicts prices. Charts suggest the path of least resistance Charts provide a means to determine the risk of a trade Charts offer help in timing Charts offer POSSIBILITIES, not probabilities and certainly not certainties MY THOUGHTS: ==================================================== Note: Log on chart is not enabled. As per chart, we see the following: a) A possible Wedge breakout or channel breakout; b) The weekly support line (green band) had confluence with the 0.618 retracement, if I recollect correctly. Refer to my previous posts. c) For BTC or LINK in this case, to break a major resistance level, being the next fib level as well, it might require a buildup. As you can see, I have the place 2 fib levels, macro and minor levels. Currently the resistance is at the minor level and my focus. d) I'm looking for a ABC impulse move or what I think is more likely a Elliot correction wave of ABCDE as a bottom formation, hence a bullish pattern. This area does lean towards a bottom formation but its yet to be confirmed and its in line with my thoughts on BTC, a ranging price where there is a key resistance (BTC 11400 to 11600). e) I see the red line most likely scenario, on what little money I have, I will buy that dip, if BTC demonstrates something similar as well. f) If LINK hold this $10.3 level and accumulates, then the blue arrow path is likely, but if it drops below $10.3, then that black band ($9.6) is likely to be revisited, hence forming another lower high, potentially and agreeing with the thesis of my yellow ascending triangle. What are your thoughts, bullish on LINK? Please give me a tick or like for this post. Regards, S.SAri 8 HRLY Chart, using the EMA ribbon for confluence with the fib levels to equate support levels. PREVIOUS POST:
Long
by ssari
2
LINKUSDT getting interesting. Here are my levels...I was watching for the market to hit 7.0 but it undershot the price and rallied, which I think is a good sign. Now we are finding support at 9.0 which was a previous inflection level. Where to next? If current candle closes near its high (bullish candle), I'd bet we would see at least a small leg up. If buyers got the strength, we should see a re-test of resistance just above 11. A daily close above that would be interesting (to say the least). Check out the 4HR chart below and see if it doesn't excite the chartist in you... :)
Long
by thedailychartist
1
Chainlink (Link) Is Completing Setup For Next RallyHey friends hope you are well and welcome the new update on Chainlink DeFi token. On the daily time period chart the priceline is moving in a down channel. The price action of LINK is rejected by the resistance of channel and 100 simple moving average at the same time. The priceline is already moving below the 25, 50 and 100 SMAs and has strong support of 200 SMA at the same level where we have the support of down channel. Therefore there are chances that the price action of Chainlink may take another bullish divergence from the support of channel. The priceine of Chainlink is completing final leg of bullish BAT and soon it can entere in potential reversal zone. The targets as per Fibonacci sequence of bullish BAT pattern can be as below: Potential reversal or buying zone: $7.17 to $5.53 Fibonacci projection or sell zone: $11.10 to $17 Conclusion: The priceline is rejected by 100 SMA and the resistance of the channel, therefore it can test 200 SMA support and the support of the channel at the same time and complete the bullish BAT. After this bearish move we can witness another rally to the upside. The potential reversal zone of BAT pattern can be used as stop-loss as well.
Long
by moon333
3
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