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LINK.USDT (Y20.P4.E1).Rare Gems.No.1.Bullish again **** This is a continuation of the previous post, link below **** Hi All, Firstly don't miss out. I have been stalking this bugger for some time and kept buying the dips in the formation and now its done a breakout, it almost lines up with BTC to soon break out as well. Either way, you win but one would like to flip to BTC when it rockets up as well. If you recall a few incidents with btc dominance (chart), when BTC dom is about to go up, the alts are likely to drop a small % (5 to 10%). So if you time it well you can compound with this upward motion with both coins. But your timing has to be good. As for this chart, there are two ways to look at this formation, and both are good signs. I thought I better post this update so you still have a chance to get in. The daily even looks better Cheers, S.Sari BTC chart Previous posts related to this one (continuation). (I like to keep posts linked so when I look back, I have a clear history on my success and failure points, and hence easy to review and learn to improve).
by ssari
3
Link: Trading Opportunity for Intraday Traders (Aug. 29)Link has shown over 1000%+ growth for the past few months. It is one of the few coins that was almost impossible to predict; however, with every step on the timeline, we are seeing new opportunities as create new support and resistance levels. Now that we are seeing a small trading opportunity, we believe Link has created a minor horizontal support that can be a great opportunity for intraday traders! A retest for a double top is almost usually guaranteed when we see a new ATH. Trade Safe. X Force
KRAKEN:LINKUSDLong
by XForceGlobal
5
Chainlink--Breakout StakeoutThe chart shows Chainlink at an important decision point (against both the USD and BTC), a classical triangle with lower highs and higher lows. The lower line represents an important head and shoulders neckline which if violated will signal a likely substantial descent. The upper line has been well respected by price action so far and a breach will likely mean a resumption of the uptrend. Is it possible that the 12.90 low so far in this correction is as low as it goes? Yes. That point is almost exactly the .382 fib retracement level, which is very common for an Elliott wave 4th wave correction. The wave degree is apparent on the Binance charts. Chainlink peaked on 16 Aug marking the end of an EW impulse wave 3 of primary degree, with the wave 1 previously peaking on 29 Jun 19 and corrective primary wave 2 ending on 13 Mar 20. I’m a seller if/when the neckline is broken; a buyer if/when the upper trendline is broken.
BINANCE:LINKUSD
by TeKay
LINK - $13 or $17 After he failed to hold above $20 it experienced a pullback and now moving in channel between $16 and $13.5. If we lose support near $13 it will mean a further drop up to $10. But I believe in link marines and hope they will not allow it. Besides, quite a large number of links are now locked in various defi projects what artificially reduces supply. I'm watching from the sidelines atm, will add to my position only if we break through resistance or near to $14 (scalp). Hit the "LIKE" button and follow to support, thank you! Information is just for educational purposes, never financial advice. Always do your own research.
FTX:LINKPERPLong
by Bitduke