ChainLink (LINK) - March 27Hello?
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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.
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(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.
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** 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)
LINKBTC
🔥 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
LINK BITCOIN BATTLE CONTINUESIf the valuation of LINK/BTC continues to drop, I have noted a solid price floor support level. This has been a key level for nearly 2 years now! There is a slow uptrend forming over the past few weeks, and if we continue, I would expect a stronger move up in the next few weeks or so. Please feel free to follow us on Twitter, Youtube, and Telegram!
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! :)
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.
Link must demonstrate how important it is, or....Chainlik's bullrun has been poor and anemic compared to other major currencies such as BNB, ADA, DOT, ETH.
Usually Link is the currency that gives the most joy to traders because it's always in a bull market, however, the bulls have been focused on other currencies and they have forgotten it.
Will this be the great moment to enter?
Probably, because if it is not, we may see a link in areas that we would not like.
Link/BTC - it must reverse...Another sleepy giant, ChainLINK, will rise again if BTC will give him space to. I believe this time it will be the greatest show Link ever did.
Graph is 9Ds time frame and of course log.
This is my personal opinion, not a financial advise.
Take care of your hard made money!
CHEERS #linkMarines!
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.