LINKBTC
Link LINKUSDT - Descending triangle- Descending triangle, bearish pattern on 1h chart
- Looking for more downside on the pattern breakout
- The price is below 2 major trend lines, which is really bad
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CHAINLINK WILL REACH $100 DURING 2021!What is Chainlink?
Chainlink’s decentralized oracle network provides the same security guarantees as smart contracts themselves. By allowing multiple Chainlinks to evaluate the same data before it becomes a trigger, we eliminate any one point of failure and maintain the overall value of a smart contract that is highly secure, reliable, and trustworthy.
-Chainlink Has Had Amazing 2020. Reaching Almost $20 During Mid August!
-It Was Followed Up By a Massive Correction, That Hurt Many Novice Crypto Traders Who Bought The Top..
-The Chainlink network provides reliable tamper-proof inputs and outputs for complex smart contracts on any blockchain.
-Smart Contracts provide the ability to execute tamper-proof digital agreements, which are considered highly secure and highly reliable. In order to maintain a contract's overall reliability, the inputs and outputs that the contract relies on also need to be secure. Chainlinks provide a reliable connection to external data that is provably secure end-to-end.
Source: chain.link
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Link looking bearish on both usdt and btc pairLink start to look bearish now
As you can see in btc pair it forming symmetrical traingle and start to break it
In usdt pair it test the trendline support for 4th time which make it weaker
And we can look for sell position if it broken or at retest it
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LINKBTC AnalysisSince there are 3 SELL signals present, I'm BEARISH.
So, I don't think this is a good time to buy yet.
If you want to buy again, we have 3 different options.
1- You can wait for EngineeringRobo's BUY signals to be present,
2- You can wait for candles to open-close above resistance level (0.00087) for 1D to buy,
3- You can buy when candles touching the support line (0.00045)
After you buy, please watch out for EngineeringRobo's sell signals and consider selling it.
Link LINKUSDT - 5 USD ultimate bottom- We have never tested 5 USD area on Link
- Maybe a test of this level is definitely possible, why not
- The price is currently in this huge parallel channel
- Also 0.618 fib extension sits around 5 USD (Wave A-B-C)
- You have to know your risk for each trade, link can definitely test the 5 dollars level and still be fully in this bullish uptrend
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CHAINLINK PRICE ANALYSISThe LINK market cap currently stands at US$4.22 billion, based on a 387 million circulating token supply, with US$770 million in trade volume over the past 24 hours. The spot price has continued to hit new all-times throughout 2020. Among the current top 20 coins by market cap, LINK was the best performer in the USD markets during 2019.
Technicals for the LINK/BTC and LINK/ETH pairs suggest a bullish outlook with a continued multi-year bull trend. f prices move higher throughout 2020 and 2021, LINK tokens held by Smart Contract Limited may again be sold at a higher rate, as was the case in July through August 2019. Additionally, as ETH enables staking later this year, the LINK/ETH pair may enter a short-term bear market fueled by ETH speculators.
Previous Close 0.001
Open 0.001
Day's Range 0.001 - 0.001
52 Week Range 0.0002 - 0.0017
Start Date 2017-09-20
LINK/BTC long I'm not super into this trade, it being the eve of US election, so definately manage your risk... but gonna take a link long here vs btc.
Taking the low from October 7 as a basis for a stop, its a 6R trade.
But if the most recent low is taken, it is over a 10R trade.
And if it does get to target area, indicated by green resistance line, around 95000 sats, I will manage it with a moving stop as opposed to a limit sell, as that will be the 5th touch on the resistance, and it very well could break through to the upside and reach its previous all time high.
Entry: 0.00081122
Stop: 0.00080000 or 0.00079000
Targets: 0.000850000, 0.00095000, w/ trailing stop
Watch out for election wicks.
Travis
In God's Will
JMJ
Support levels to stay above on to break THESE next resistances*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky.
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Link LINKUSDT - Elliott Wave + Rising wedge- This Impulse Elliott wave is valid, we have this rising wedge pattern with 5 waves completed
- Wedge failed to break to the upside (bull trap?)
- We can expect lower prices, as the wedge is going to break down most probably
- First support 0.618 fib around 9 USD
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LINKUSDTLINKUSDT brokeout above the ascending triangle resistance as expected from my previous analysis. The market rejected the ascending channel resistance and fibonacci extension level (1.0). Potential BUY re-entry at fibonacci retracement levels + ascending channel support + breakout above pullback resistance ⬆️
LINKBTC, The squeezing accumulation!Look at this clear picture!
The price bounced off the support line perfectly yesterday.
If we will see a breakout from the triangle it can be a possible impulse after this huge accumulation.
The potential profit will be 3 times bigger than the risk.
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#LINK What if Link could hold its support and melt up with #BTCBonjour/ Good morning,
1. BTC did break its YTD ATH (year-to-date All-time-high), a close of BTC above this level could trigger off another rally. It does not mean that we will not see any pullback, however my mainly target in BTC will probably be at the upside of the bullish channel.
2. There are two reasons I particularly like in Link price actions: Link is undoubtedly one of the best performance Altcoin this year + Link is also one of the Altcoins which could hold nicely its Satoshi value ( EMA 200 Link/BTC support, some wicks explosive to push the Link/BTC below EMA 200, however we still see Link manages to hold its Satoshi).
3. Conditions:
BTC needs to close its Monthly and YTD above 12k5 12k8, any pullback in BTC would be healthy to consider buying the dips. My expectation for BTC is as bullish as Link.
Link/BTC needs to hold its support around EMA 200.
Target BTC: 16-18k, eventually ATH again in Q1 2021. Thus, you can calculate your Link targets as well, IF AND ONLY IF LINK/ BTC remains above the EMA 200 and moves towards the EMA 21 in daily TF.
Risk: There are so many risks now in Equity markets due to negative news about Covid. VIX and DXY appreciations could impact Crypto markets, however as many people, I hope that we will see the decoupling between the Equity markets (US Indexes) vs BTC.
(Since March 2020, we have been experiencing a very strange situation that all three markets Equity, Gold and BTC are moving V shape together due to Money supply and Market sentiments.)
P/S: It is very volatile in Crypto markets, however if you don't trade much margins in Crypto, you should be or at least atm are very profitable with high YTD rate of return.
( #BTC, #LINK, #ADA, #XMR). #BTC KING IS RETURNED ?!
Thank for your sharing and comments. Welcome and thanks a lot for any Altcoins recommendation.
Chain-link the path to 0.01 bitcoin per linkIn my opinion Chainlink is the darling of this market cycle due to the fundamentals.
The technicals of the Chainlink chart are the best in the whole market buy a huge margin. I feel we are at the very beginning of a new crypto bull cycle. Chainlink went from 0.2 USD to 20 USD in a bear market so I am excited to see what it can do in a bull market, definitely a must hold in your portfolio. If you believe that it is possible for bitcoin to go to $1'000'000 USD + then if chainlink can keep up it's current pace of growth the returns could be astronomical.
It will be a interesting next 5-10 years.