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Linkbtc - short to medium termLink formed a nice double bottom the last time it was in this area that then created a strong push up. We've since seen it form a bit of a flag on this daily retracement which seems to have found a bottom at the resistance turned support of the double bottom. Risky entry -- at the daily support that it's sitting now. The stop would have to be under the channel Safer entry -- a break and retest of the descending triangle as it shows buyers are officially in control. A descending triangle carries an inherently bearish bias since it's creating lower highs. However, where and how it forms needs to be taking into consideration. Meaning, if it forms as part of a downtrend it's most certainly bearish. BUT if it forms as a part of an overall uptrend / flag it can go either way. I'm not interested in a short on this as the target sucks. However, the long targets are great imo.
Long
by chaser012001
1
LINK: CUP AND HANDLE confirmed, FALLING WEDGE formingHello Traders, We are looking at the 1 hour chart of Chainlink. As we can see, a cup and handle formation has formed which is considered a bullish signal. Furthermore, also a falling wedge is forming / has formed. Wedge patterns have a tendency to break in the opposite direction from the trend lines. Which makes this signal a: bullish/bearish b]leave your answer in the comment section! This is not financial advice, I am not a financial advisor. Click the like button and more ideas will follow. Thanks.
KRAKEN:LINKUSDLong
by Aroundthesun
1
ChainLink (LINK) - March 27Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a nice day. -------------------------------------------------- ----- We have to see if we can get support at point 27.22. We need to see if we can move up the 30.0234-31.4251 interval to turn to an uptrend. If it falls, we need to see if it can rise along the uptrend line (4). If it falls between 23.0148-24.4165, a stop loss is needed to preserve profit and loss. --------------------------------------- (LINKBTC 1D chart) It remains to be seen if it can rise above the 51146 Satoshi point along the uptrend line. The next volatility period is around April 20th. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for the sake of convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closing price when closed G2: Cigar at the time of opening (Example) Gap (G1-G2)
by readCrypto
🔥 LINKBTC 🔥 +50%What is LINK (Chainlink)? Chainlink is a cryptocurrency aiming to incentivize a global network of computers to provide reliable, real-world data to smart contracts running on top of blockchains. If you’re unfamiliar, smart contracts are agreements programmed to execute if and when certain conditions are met. To date, smart contracts have been used for everything from creating novel crypto-financial products to developing new crypto assets. However, an issue that has persisted is that most smart contracts need to rely on some kind of external data source to properly execute their terms. For example, smart contracts seeking to replicate bonds or insurance agreements may need access to APIs reporting on market prices or Internet of Things data. Chainlink was created to address this issue by incentivizing data providers (called “oracles”) to act as a bridge between blockchain smart contracts and external data sources. Every oracle within the Chainlink network is incentivized to provide accurate data since a reputation score is assigned to each. Further, when nodes follow the software’s rules and provide useful data, they are rewarded in Chainlink’s cryptocurrency, LINK. Arriving amid a crowded field of projects in 2017, the Chainlink team has so far been able to deliver on its vision, expanding efforts beyond Ethereum (ETH) amid a surge in market activity. As of 2020, Chainlink is seeking to support all blockchain-based smart contract networks. Users seeking to stay connected on the current development status of Chainlink can follow its official project tracker for up-to-date details. ** Do your own research And... never forget... "Buy low, Sell High"!!! See you Tomorrow!! Miguel
Long
by MiguelFTCurado
Beginning of HBAR vs LINK (BTC pairings)HBAR and LINK are behaving very similarly during the first year and a half of their respective launches, I expect this to continue in some similar fashion with HBAR. The ratio of movement is a bit more exaggerated with HBAR than LINK did vs BTC, but the patterns share similarities. Here's what it might look like should this similarity continue. Previously I had an idea that HBAR was following 2017-18 LTC (versus USD pair), that has also continued to play out rather similarly. Check out the LTC ideas below: Updated LTC comparison: Original LTC comparison: Please share your thoughts, comments and ideas, and thank you so much for listening! Best of luck with your charting and trading! :)
Long
by dudebruhwhoa
6
LINK/BTC Bull Flag Breakout PT ~$65LINK's recent bullish news from Grayscale is creating a significant confluence of forces inside a bull flag structure. Once this structure breaks out to upside, it is headed to $65 and from there we could see continuation patterns to upside as institutions begin to take notice of one of the more fundamentally undervalued projects in the entire crypto space with the highest network adoption. Buying LINK here offers significant upside risk-adjusted returns that are unparalleled in the crypto space atm by any other project. Invest wisely and please do not use leverage as you will get rekt.
Long
by ich1baN
6