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Chainlink (LINK) - October 19Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (LINKUSDT 1W Chart) The key is whether you can climb to the 11.976-15.374 section. To do this, it is necessary to check whether it can be supported near 6.7. (1D chart) Resistance: 8.290-8.822 Support: 6.7-7.411 The key is whether it can find support at 6.7-7.411 and move above 7.605. To do that, we need to make sure we are breaking out of the downtrend line. Otherwise, it is expected to drop to around 4.976. ------------------------------------------------------------ ------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator contains indicators that indicate support and resistance points. ** SR_R_C indicators are displayed as StochRSI(line), RSI(columns), CCI(bgcolor). ** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100). (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
LINK: $6.5 is still waitingDuring the previous week the price of LINK was influenced by the general negative sentiment on the market influenced by the uncertainty over macroeconomic situation in the US and its spill over on the rest of the world. Highest weekly level was reached on Monday at level of $7.7, and for the rest of the week the price was moving with a down trend to the level of $6.8. On US inflation release, the price moved to the level of $6.3, however, it swiftly reverted back to previous levels. RSI made incremental moves between levels of 46 and 40. The market is still more oriented toward the oversold side, which opens a space for a price to move more to the down side. Moving average of 50 days started shy conversion toward MA200 counterpart. Still, the golden cross is on a long stick. Support line at $6.5 continues to be an active point on charts for some time now. Whether this level will be reached in a week ahead is to be seen, but there is some probability for such a move. On the opposite side, there is equal probability for the $7.0 resistance line to be tested one more time.
COINBASE:LINKUSD
by XBTFX
1
Is the bear market over for DIA? $2.388 on the horizon?DIA is one project I've followed for a while now. I did my fundamental analysis and at the same time followed the price closely, making some incredible gains trading intraday. For those who don't know what DIAdata (DIA) is, it's one of the web3 data oracle projects in the space. You can find more about this project at DIA official website. It's one of the top Chainlink LINK competitors. A recent analysis I made on DIA shows that the asset could be on its way to $2.388 in the coming weeks to months. It currently trades at $0.397 at the time of publishing this analysis. On the weekly chart, DIA has formed a descending wedge; in this case, signals a bearish reversal for the DIA asset. The target is always the top of the wedge which in this case - is $2.388. Remember, this analysis is based on the weekly time frame and may take weeks to months to finally hit the desired target. There's also a possibility that we make further lows or play sideways before we finally head towards the target. What's your take on this, I'll like to know your view.
Long
by iamjide91
2
ALTS via LINK - 'Time to pay attention'Altcoin Market via LINK I won't pretend to know if this is bullish or bearish consolidation OR accumulation - meaning I would know the next major direction. If you see accounts telling you the next move, just consider this chart and make your own opinion because in all honesty they don't know more than the next trader. This is subjective, so anyone is entitled to their opinion here. One thing I know for certain, this is definitely a period consolidation - Whether up or down is the question. It helps to understand this though, despite not knowing direction in the next big move. This is because you can wait for a clear decision, and plan for the longer term. If this breaks up, perhaps it is then accumulation or bullish consolidation, meaning you should plan for a lot more upside. On the contrary, if we break down, we have a longer and extended bear market (jump out of BE positions and wait wait wait...). This is a critical period in the market that will decide the next 4-6 months of PA in my opinion. Time will tell, but if you plan accordingly as much as you can you will be successful. Preserve capital if this is NOT the bottom (to buy/accumulate lower, not all of us have unlimited capital to buy every week as we drop), OR have the ability to switch your bias if this is potentially 'the' bottom and accumulate on dips upwards - ie: don't get bear market PTSD and stubbornly avoid the trend reversal. This is my strategy, tried tested and true. Food for thought. V
BINANCE:LINKUSD
by cryptovatsik
Chainlink (LINK) - October 10Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (LINKUSDT 1W Chart) Whether or not it can move higher than 11.064 is key. To do that, we need to make sure we can keep the price above 6.7. (1D chart) 1st resistance: 8.290-8.822 2nd resistance: 9.869-11.064 Support: 6.7-7.411 If it finds resistance after falling from 6.7, I would expect it to move towards the 4.976 area. ------------------------------------------------------------ ----------------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator contains indicators that indicate support and resistance points. ** SR_R_C indicators are displayed as StochRSI(line), RSI(columns), CCI(bgcolor). ** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100). (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
1
LINK: $6.5 is still a targetThere has been some positive news for Chainlink during the previous week, as news reported that Two Sigma Securities, one of the leading crypto hedge funds, will start cooperation with Chainlink by providing data, which includes swaps, options and other information related to derivatives. At the same time, there has not been a market reaction on the price of the LINK, as markets were generally traded flat during the week. At the beginning of the previous week, LINK was testing a $7.0 support line. Without strength to clearly break it, the coin reverted to the upside to test the resistance line at $8.0. However, at this point there has not been strength to move above this level. LINK is ending the week around $7.4 level. RSI tried at one occasion to cross the 50 level and head toward the overbought side of the market, however, it soon reverted back to the level of 50. Moving averages of 50 and 200 days are currently moving as two parallel lines, which means that the golden cross is still on hold. For the second week in a row, charts are clearly pointing to the $6.5 level as the next target for the coin. During the previous week this level has not been tested, so it is postponed for the week ahead. On the opposite side, there is some probability for the resistance line at $8.0 to be tested for one more time.
COINBASE:LINKUSD
by XBTFX
LINK - AnalysisDuring the last week, LINK approached the 8% resistance range with a 5% increase in price, but the selling pressure that occurred in the market caused the price of this currency to decrease. In the weekly period, we see the range trend on the support ranges. But the ceiling of the long-term descending channel is broken, and if it can stay above the $7 level, the possibility of price growth will increase to the resistances of $8.4 and the $9.5-$10 range. The LINK trend in the 4-hour frame team has ranged between two support and resistance ranges. The support is at the price of $7, and its resistance is in the range of $8.20 to $8.5, which we can expect a positive reaction if the price hits it. For the short term, the price from the support range of 7.37 to 7.50 dollars can have an upward movement towards the indicated resistances.
by MonoCoinSignal
6