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LINK after DeFi crash2020 hyper coin Link has its first significant correction. What changed after a DeFI crash? Well, to be honest nothing has changed. People are still loving Link and generally it is still one of the most popular investemen assets in 2020. So sentiment is okay, people are looking what Bitcoin's next moves will be. And from TA, as it shows on a chart. Bitcoin could rally a bit so the Link could re-test a support, and after BTC will settle a bit, we can expect Link to break that local resistance any skyrocket to the next one. Regards
Long
by bloodgood
3
CHAINLINK LINK USD Bearish Fractal DropTwo possible fractals with strong resemblance in oscilation and geometric patterns might foresee an upcoming drop. The drop may happen among stocks, cryptos and tokens that have been in the rise for the last months. It is a normal retracement but considering LINK's historic volatility it should be a drop of about 66%. 1W RSI extremely oversold with reminiscense of the top in July 2019. 1W MACD at it's ATH after 20/21 bullish closing weeks since April 16th. 1W STOCH RSI signals an upcoming drop in the following days, reminiscent of the one in July 2019. Bottom at $5.0.
BINANCE:LINKUSDShort
by CoinMajesty
Chainlink analysisChainlink spearheading the defi space of blockchain and crypto. Looks like it has completed a 5 wave impuslive 12345 structure and completed the correction ABC. The god market for crypto is Bitcoin and the god market for bitcoin is gold and gold goes up when the dollar weakens. It is unclear whether the short term structure of gold is bullish or bearish, and it'd be hard to confidently say that Chainlink can go up regardless of what is happening to gold, but the structure says we should form another 5 wave structure. If you are trading, keep your stops wide, and make your positions small, for long term investors, this is a bullish sentiment. Comment with your charts, let me know what you think. For any questions, hit the DM Dont forget to like the analysis and follow for more content on crypto, forex, equities and commodities. See related links for previous link analysis
GEMINI:LINKUSD
by TradingWithTheTrend
2
LINK.BTC (Y20.P4.E3).TA on the Macro structureHi All, Based on the RSI and MACD formations, in my opinion, the following is likely to happen against BTC. As for BTC I see a short term bounce to 10600 which aligns with this. Note: AB=CD played out perfectly in both BTC and USDT charts. LINK.BTC 2 HRLY chart ================================================== 4 HRLY chart: ================================================== DAILY chart ================================================== Looking for the MACD to cross over however its a slow indicator. LINK.USDT Please give me a like or tick for this effort. Cheers, S.Sari
Long
by ssari
3
LINK.BTC (Y20.P4.E2).Fractal and compound strategyHi All, It is times like this (things are bullish), I search for opportunities. That 5% here and there can be compounded to make much more gains down the track. I tend to use the total BTC equivalent as a measure to how I'm trading, especially in an uptrend. Down trend, I tend to look at the USD value to ensure I'm limiting my losses. Anyway, here is one of those opportunities I have already acted upon. Late last night, I flipped 1/2 of my LINK to BTC as I saw bearish signs at the micro level. I will use the same BTC to buy back when I feel the time is right. Hence I will have more LINK and based on this chart, more BTC equivalent. As for the 4 hrly chart, we can observe the following: > the indicators support the fractal, from the 21\34 ema, fib level and formation\structure; > the macd fractal will confirm it, and using the KDJ, will get an earlier signal as the MACD is lagging more so; Link structure overview: Parabolic structure in tact and using fibs, target levels are clear Close up view Daily chart, candle sticks are weaker so far in this fractal area Please give me a like or tick for this post Regards, S.Sari
Long
by ssari
1
LINK/USD Remarkable Weekend Rally Hits Pause Under The 100 SMA Chainlink recovers from levels under $10 but the falling wedge pattern breakout stalls under the 100 SMA. LINK/USD mission to scale the levels to $20 still intact as bulls look forward to capitalizing on the break above the 100 SMA and $14. The $4.4 billion decentralized finance price live feed protocol has posted a relief rally following a devastating fall last week. Chainlink failed to retest the yearly highs at $20 in August. Attempts to sustain the uptrend saw LINK hit barriers at $16 and $18 respectively. On the downside, support was confirmed severally at $13. However, the bearish wave encountered forced the fifth-largest cryptocurrency slightly below the critical $10 level. Amid the drop, Chainlink formed a falling wedge pattern. This pattern is very common in technical analysis. Traders are able to anticipate a change of the trend and prepare accordingly to capitalize on the upswing of the price. A falling wedge usually signals the end of a downswing and the beginning of an uptrend. Note that this pattern cannot be utilized on its own; it must be supported by other indicators like the Relative Strength Index (RSI) and the volume indicator. At the time of writing, LINK is trading at $12.79 after stepping above the initial support at $10 and the falling wedge resistance. Marginally above the prevailing price, LINK is facing acute resistance from the 100 SMA in the 4-hour range. Looking at the RSI, Chainlink seems to have stalled and is currently favoring a sideways trading action. The leveling motion at the midline favors consolidation in the near term. However, the uptrend mission is far from over. In fact, bulls have no plan to abandon their push for gains above $20. Meanwhile, gains above the 100 SMA would place LINK above the resistance at $14. This move would most likely encourage more buyers to join the market in anticipation of more upside price action and the opportunity to sell at a higher level, preferably $18 or $20. Chainlink Intraday Levels Spot rate: $12.82 Relative change: -0.05 Percentage change: 0.35% Trend: Sideways bias Volatility: Expanding
COINBASE:LINKUSDLong
by CoinGape
1
Link's another 50% correction possibilityWith more than 5000% gain in recent years, ChainLink is one the heroes in cryptos market. But recently it started some sever correction. Recently completed a 50% correction that was predictable. This my chart when I realized the possibility of correction and marked the possible targets: now as you can see, we reached to the first target: Now reaching to the second targets are reasonable based on USD index and BTC dominance re gaining in short terms. All I do is monitor my own algo to see if the projected scenario is achievable and when is the best time to enter. Since last year and half (after listing LINK in Binance) I’ve got 15 signals on its price action, 1 went wrong and invalid, 14 went right! Win rate 93%. This is the weekly chart you can see the bearish signal in the top before this 50% correction: Do your own research my friends and have best trades.
Short
by DarkWaveHunter
4
Chainlink Just Confirmed Bull RallyAlthough LINK has pulled back up to 50% we have confirmed a S/R Flip and We Expect That This Rally Is Just Starting... ChainLink is a decentralized oracle network that provides real-world data to smart contracts on the blockchain. ... For smart contracts to craft agreements beyond those that pertain to data found on the blockchain, they require off-chain data in an on-chain format. ChainLink is currently ranked #1 in De-Fi Coins. Definitly a good token to mid-long term hold.
GEMINI:LINKUSDLong
by contemplatingcrypto
5
LINK Is Inside The Void - Learn How To TradeLINK Is in a very difficult area to trade at the moment. In this idea I will explain which two major option you have if you are looking for a LONG position on LINK. First of all, let's look at *the void* in more detail. We can see the blue area on the chart where there is absolutely zero price support or resistance. The price broke through this area like a hot knife through butter. Also on the way back the breakout was very intense and made this area seem like an error in the space-time continuum. In scenario 1, you can wait for the price to find resistance again (through a multiple S/R flip) and see if it manages to break through. If it does a new uptrend is confirmed and you can enter during the breakout. In scenario 2, I suggest a different route where you wait for the price to hit the bottom of the void, near horizontal support. As soon as it hits support you can long again and try to get a trade in from that area. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
COINBASE:LINKUSDLong
by Trading-Guru
8
Chainlink--Correction ContinuesI'm a seller here. A serious neckline has been broken, with further drop expected. I'm making no bottom prediction here. Reasonable expectation is the .618 fib retracement level at 8.6. Another is the bottom line of the trend channel shown, since corrections very often are contained within trend channels. As I previously indicated, this is an EW wave 4 correction at primary degree. Wave 4's very often form a triangle, however, that is not likely to be an option here, although remains so on the LINK/BTC pair. At any rate, it is unusual for a wave 4 to make a deep correction, and in any case may not descend beyond the top of component wave 1 (which in this case is at 5).
BINANCE:LINKUSDShort
by TeKay
LINK/BTC to bounce from the 200 MA!As we take a look at LINK/BTC we see that the pair is moving within Descending Triangle pattern. During the last pullback from the Downtrend line we got 2 Bearish Engulfing pattern. The price is testing Support zone and nearby we have 200 MA that has been acting Support as well , so we can expect the soon-to-be RISE⤴️! If you like the idea PLEASE don't forget to hit the LIKE 👍👍👍button Also share your thoughts and charts here in the comment ⌨️ section! Appreciate your time and good luck!😉
Long
by Alexander_Harford
8