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LINKBTC

LINKBTC (ChainLink) - Coin of the weekChainlink is a platform that aims to connect the gap between the blockchain technology-based smart contracts and real-world applications. To achieve this goal, Chainlink uses oracles (a decentralized finance instrument) to feed data into smart contracts, because blockchains cannot access data outside their network. Oracles provide external data (e.g., temperature, weather) that trigger smart contract executions upon the fulfillment of predefined conditions. Currently, Chainlink has a 24h volume of $1,5 billion, ranking in the 10th place by market capitalization with a live cap of $11 billion. LINKBTC was in an uptrend until the 10th of August 2020 when it peaked at 0,001692 BTC. Now we find ourselves in a correction that retraced the price 76,8% from the initial top. Focusing on the 4h chart timeframe, we can see an uptrend that started from January 3rd, stopped at 0,0007962 and then started to make a deep pullback. We can see 2 likely scenarios here, it will either retrace to the support area marked on the chart and then go up, or it will fall through the support and break the January lows. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Short
by financialflagship
22
CHAINLINK (LINKUSDT/LINKBTC) Long Entry Setup 2021/03/11Looking to long LINKUSDT upon a strong close above $30. DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I am simply sharing what I am doing, and I will not be responsible for any actions you take based on the analysis and comments that I provide. The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk! What are your thoughts? Please leave your ideas and analysis in the comments below! Do give the post a like and a follow.
Long
by cryptotraderog
6
LINKUSDT potential entries for longGood project anyways more fundamentals pointing to bull but as far as technicals go. Looks clean enough imo. I didn’t flood the screen up with indicators today but I have multiple confluence for this trade. In this specific chart we can see rejection above the kumo cloud on the daily time frame and LINK push up and gain momentum in lower tf to upside with divergence on 15m and strat printing buy signals on 30m. Provided that wick holds for support then it could be a nice continuation here. I expect to see some kind of W shape that these crypto currencies love to make. Always follow a risk management plan and remember this is not financial advice but an insight into the market. Trade safe. Ngs
Long
by NGSfx
1