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Chainlink : Great example of a Bull Pennant PatternHello traders! Just a quick analysis and a bit of educational information on LINK (Chainlink). The weekly chart is looking quite strong and with many altcoins including Ethereum showing strong uptrends we are definately in the correct enviroment for this type of chart pattern to have a high probability of playing out. Bull Pennants are a little different to Bull Flags but are almost identical in appearance and are traded basically the same. The most important factor in identifying any flag or pennant pattern is the clear "staff" or "flagpole"; there should be a straight run upwards leading up to the pattern or it is not a valid pattern. After the straight run upward price starts to Zig Zag between two converging trendlines forming a tight wedge (it can be slanted, or even symmetrical) until the price "breaks out" above the upper trendline signifying a possible continuation in trend upwards. Bull Flags and Bull Pennants have the highest success rate out of any pattern and work extremely well when paired with long term support & resistance areas. Enter at the invalidation point of the pattern (A), second entry on the bullish retest (B). Pennants that are “tighter” have higher success rates, look for patterns forming on top of long term resistances (not below) to increase probability of success also. Pattern height is measured and added to swing low before breakout for possible target. Sometimes large size traders can generate liquidity by faking out under the pattern support as we can see on this current example with ADA. The liqudity generated by triggering stop losses underneath the pattern can fill large position sizes for whales and is a good indicator for a long once the price confirms support back inside the pennant . Some key points: • PRICE MUST MOVE STRAIGHT UPBEFOREHAND • MIN 2 Touches each side on almost symmetrical looking wedge • HIGH SUCCESS RATE • BEST ENTRY IS often when price fakes out under support • Pattern height is measured and added to swing low before breakout for possible target Chainlink (LINK) is an Ethereum-based token powering the network of decentralized oracles. The Chainlink network allows uploading information to the blockchain from any third-party services. It ensures the functioning of smart contracts that rely on external data. It is looking to have a strong year in 2021 along with other defi related projects, many are currently bottoming out. Dont forget to hit like & leave your comments if you like the idea thank you traders!
Long
by Worth_The_Ri5k
12
The time it's now for Chainlink!!! Altseason begin!!!Chainlink show in both ratios that it's bullish against Bitcoin and Ethereum. For that my friend, I invite you to don't missing this opportunity to invest in Chainlink. Because when you invest in Chainlink,you can to multiply your Ethereums or Bitcoins when you did make the change. First, look these both charts: This it's a good signal in weekly timeframe to invest in Chainlink. Maybe we can to see any little range for limited that it's show us that Chainlink it's into this bought zone to invest in long term. For that my guys, all depend if you want to make any investment in this cryptocurrency. But, we see in general that in both ratios agains the Bitcoin and Ethereum it's in the good zone. Now, my own reccomendation it's be enfocous more in the ratio LINK/ETH to accumulate Ethereum, becuase if you accumulate Ethereum and when you get Ethereum, you can to change your Ethereum when the Bitcoin value make grow up in Ethereum valued in Bitcoin. For your convencience, I put an analysis in the section of related idea about my targets for Ethereum below of this box. But the chart that I like a lot it's the monthly timeframe and based in the periodical time future, becuase Chainlink have all possibilities to going up toward the 0.1 ETH each Chainlink to sell. Imagine that if you hold 65 Chainlink in your wallet and the price in Ethereum going to 0.1 ETH, so your earning will be 6 Ethereum, and that it's nice, but one of the best strategy it's that, continue accumulating more Chainlink for these targets what we see in Ethereum or Bitcoin. But most par it's in Ethereum to hold Ethereum and then, sell all Ethereum in Bitcoin ratio. In my case I have a trading strategy that consist to find up 30% in my trade to my trading plan and well, I have 0.091 BTC in my crypto-broker. And then, my goal it's to achieved 0.10 BTC to use to invest in Chainlink. For that, I will going to waiting that Chainlink make any little descense when the Bitcoin pump, altcoins going to down if you trade altcoins/BTC. That it's my strategy, another strateg could to be smart if Chainlink go back to 0.00045 BTC to down and then, we can to hope any confirmation to bought Chainlink with plan. But my trading plan it is. My first objective it's just to achieved 0.20 BTC and then, I will going to stop the trading and take out 0.10 BTC of 0.20 BTC and use this 0.10 BTC to invest in Chainlink, this could be a good and excellent strategy to invest in Chainlink. Approximately, if I hope that Chainlink goes to for example 0.00049 BTC, I can to bought like 210 Chainlink coins approximately and hold Chainlink in the Ethereum ratio. That it's an strategy. And so, the other 0.10 BTC I can to put to generated compound interest make trading and repeat this strategy to find up 0.20 BTC and stop my trading again, take out 0.10 BTC of 0.20 BTC and use this 0.10 BTC to invest for example Cardano, Ripple, etc... But all depending how much Bitcoin do you have in your hand and other it's if you use Bitcoin to make trading in any crypto broker like Prime XBT to generated more Bitcoin or accumulate Bitcoin. That it's my strategy that I apply for it. So guys, if you like this special analysis, please share this analysis with your friends, traders and support this information like content educational. And also, in some days, I will going to make another special analysis using Cardano, becuase Cardano it's show us a good signal to wake up in this giant cryptocurrency to invest.
Long
by harisonhbn9718
1
ALT Season - What to look in to choose a coinWe waited for it since 4 years, alt season is on the corner. We see first movements on most bullish alts like RSR, VET, REN, etc. But what is the most important right now : find those that didnt pump yet. And when they do pump, make sure we roll profit in some alts that didnt pump yet. Here is my best trick for you : they all tend to follow BTC 2020 parabola pattern. BUT THEY ARE LATE. We see them coming! We see it in all category of alts : from Major caps to shitcoins. I give you an example here with RSR, one of the most hyped alt coin.
Long
by The_Father_of_Crypto
2
Mountain Climber LINK/BTC #link $LINK #cryptoHere we see our Link Bitcoin pair from Binance but on the 2 week chart . I don't often often look at that timeframe but seems to fit this one ! As you can see Link has been on a steady climb up since late 2017 , over 3 years . And there actually aren't very many pullbacks here ! But we appear to be in a pullback now with those 8 red candles . My guess would be we at least see another 9th red candle on this TD Sequential 9 sequence in a week or so . Then perhaps there is more upside here . Also we should be heading back up over 160,000 sats and beyond . How long before LINK sees new All Time Highs in sats just like it saw recently in usd ? Probably not long . LINK is looking to have a great future . See my chart linked below .Is this our last pullback before the rise ? Again , LINK doesn't have that many pullbacks on the Btc pair chart . And this is a higher timeframe . It would appear that LINK will continue mountain climbing for awhile !
by shimmeringpath
6
Third best entry into Link OF ALL TIME (linkbtc and linketh)LinkBTC has gone against the lower limit of the weekly bollinger band twice before. Technically speaking those would be the best time to go into link versus all other major coins considering how important btc pairs are. BTCUSD has been on an absolute tear and that is why linkbtc has been brought to the base of the bollinger band. The wicking and now green candle about to complete in some 22 hours suggest the bottom on the pair is roughly in. The massive amount of bullish divergence on the MACD and the RSI also back this up. This is now the third best entry into Link of all time on the weekly timeframe. Link.d is also at a relative low. I made the green boxes first based on visual recognition then threw the MTF BB on and I see that link.d is against both the weekly BB lower limit and the monthly baseline. Given how well linked is poised to set ATH and how it is set to rally against BTC there is a lot of confluence saying link is going gangbusters to the upside. Likewise link is poised bullishly against eth. It seems that for a long time there will be endless gains for chainlink. This is the second best entry against Ethereum. I cannot, for legal reasons, guarantee anything. But when link is going to 40-50k a few years from now and you own and held the link you bought after reading this you will be glad you bought however many link you buy. This is like buying btc or link at $15-20$
Long
by This_Guhy
11
Link - nailed it - past 4 months = my best trading yet!Last 4 months planned pretty much went perfectly - very happy. BEST TAKEAWAYS: - Plan off the daily timeframe (although this is published on the 4hr :) - Keep sharing. Whilst I would never expect anyone to trade off my ideas I hope they gave some confidence to a few folk and bots to make some good decisions. I think we all share ideas to cement our own convictions and these certainly helped me stay invested when markets looked gloomy (e.g. XRP dragging the markets down end of December) - You can be right today and wrong the next. My prediction by end of Jan was a red month across equities and crypto. Hopefully the recent BTC 30% dip has reduced this risk for the crypto market but a 60% drop form highs is always a risk / opportunity. Either way there is potential more upside on Link - see LINKBTC Best, Hard Forky
BINANCE:LINKUSD
by hardforky
LINKBTC BreakoutGEMINI:LINKBTC After Bitcoin's recent correction, LINK/BTC has started to break through its downward trend coming from its previous ATH. This very well could be a reversal with a new upwards trend starting to form. With this coming at the same time as LINK setting a new ATH, This could potentially be the start of a massive run. As always, this is not fiancial advice just my speculative opinion. Do your own due diligence. Leave a comment and let me know your thoughts or other possible ideas!
Long
by Tiikkala
2