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LINKETH

LINK/ETH pair at a critical juncture! The point at which LINK vs ETH has come to is critical. Here on the hourly chart we see that the pair has certainly recovered from a prolonged and steep downward trend in which ETH was stacking value against LINK, and has been trending within a wedge pattern that many on trading view have suggested to be the bottom with a strong upward swing imminent. I remain in this camp myself, but sometimes looking at the chart can help give us some more certainty with regards to the immediate term and whether or not there remains any threat to our hopes. As you can see, the pair has been interacting with a rather soft but easily defined downward sloping channel denoted by the black dashed lines illustrating the upper and lower borders of the trend. Today, meaning like right now, marks the time in which the bottom of the downward trending channel has intersected the most recent up-trending support line that was established by the breaking of the preceding massive down swing from the ATH. This uptrending support line is denoted as a solid RED line. What's most indicative of the importance of this point in time is that the actual price point between LINK/ETH met the two opposing trends at the exact moment they intersect, which I believe confirms the validity of these trend lines and channels. Further support of a bullish stance on LINK vs ETH is provided by the RSI, which is illustrated at the bottom of the chart, and the trend of the RSI in the recent term is also indicated by an upward sloping red line. Given that the trend is up and the pair are in the bottom half of the RSI, I would think that we will develop some more strength in our upward momentum as we consolidate along the base of our up-trending (strong) support. Should the price go South from here, I would suspect we stay within the down-trending channel for some undetermined amount of time that may become more clear as the chart develops in the future. ___ I have no additional input at the moment. It will be interesting to see how this pair plays out and if it stays within the borders, or if LINK finally makes it's move against ETH and rockets upward. I must also add that should the price push higher against the top of the downsloping channel, and close above it, this would be a VERY bullish development based on prior interactions between this line and past price movements. If one follows the top border of the downtrending channel back a few months, you will see that if LINK crosses it on the upside, it tends to rocket upward extremely quickly. There is no reason to believe that should it eclipse this trend line in the near term, history won't repeat itself. Happy trading. Ideas and input/insight are always welcome. ___ ***Be aware that I am in no way qualified to offer financial advice or trading recommendations. I do this for fun and with the eye (and rationale) of a psychedelic drug-fueled mind. So if my writing and charting inspires you in any way, it's on you what you do with that inspiration.
Long
by phreum
LINKUSDT potential entries for longGood project anyways more fundamentals pointing to bull but as far as technicals go. Looks clean enough imo. I didn’t flood the screen up with indicators today but I have multiple confluence for this trade. In this specific chart we can see rejection above the kumo cloud on the daily time frame and LINK push up and gain momentum in lower tf to upside with divergence on 15m and strat printing buy signals on 30m. Provided that wick holds for support then it could be a nice continuation here. I expect to see some kind of W shape that these crypto currencies love to make. Always follow a risk management plan and remember this is not financial advice but an insight into the market. Trade safe. Ngs
Long
by NGSfx
1
LINK - Ethereum Pair Long Pair Trading Idea ETH and LINK are both so hot right now. LINK is price discovery and ETH is about to break out, but where should I be. Well my idea is playing the 200&314 day moving averages. Currently I'm holding ETH. I traded LINK into ETH when the last time it crossed below the 200day MA, after this trade I like to monitor movement until it crosses below the 314day MA, once here I will hold ETH until LINK breaks above the 314day MA, trade some ETH back for LINK, monitor it until it crosses back above the 200 day MA. I like to use the these averages for entry and exit points for long positions. It's my opinion to always hold some ETH, but if you would like diversify your bags this could work out for you as well.
Long
by MFGroon
1
The bet is still LINK over ETH and BTCAs my brother said it, Link is a honeybadger right now that don't give a rip about fud, about other coins, about bear raids. Chainlink is just going to wreck everything and so you might be worried about being late to the party. I don't think you could be late because this still has decades of gains to put up. As is continues to emasculate all other coins we (mostly you) still need to make sure we are not getting blown out when this thing retraces or consolidates with poorly timed or sized margined longs as you FOMO in over perceived missed gains. The main chart is what I am going to refer to in future as the Chainlink Pattern. Not that it isn't seen in a lot of assets but because it has been very useful here. It is basically like looking at a Bump and run bottom reversal but from a different angle. If you want to look at Bump and Run formations from the standard angle, look here: thepatternsite.com The chart explains itself mostly and the ideas are just applying fundamental charting to a specific pattern. There is a sharply rising trendline that is basically a ramp that price action gets a springing start to BASE jump. My linked (heh) ideas will show how I used the bollinger bands to find the bottom here and chose link over other top coins for my hodl and my margin trades. The main chart is on linketh, but we also see this fractal has begun to form on Linkbtc. I expect this will work much the same way as it has on ETH. My personal plan is to hold link and keep my link margin positions open as long as I can. I will be adding to my positions on any pull backs. This chart is a rough mock up but with something has historically bullish as link against btc and eth it has been historically a great idea to buy dips and hold. Most people have no business timing the market but Bollingerbands do help. The chart below shows link on the daily and linkbtc and linketh on the weekly. During links downtrend a lot of damage to price actoin occurs when price action of linketh and linkbtc is against the bollinger band lower limit is great time to buy or pivot holdings into chainlink. Sometimes the baseline of the bollinger bands against btc and eth provide support. There should be little to no denying that link continues to trend up. I would like to make some dramatic announcement that soon link will never return to these levels against BTC and ETH but we might have to reconsolidate and test this zone as support sometime in future. Hopefully we will retest the top of the zone as support and not some double bottom, but the market gives us as the market gives us.
Long
by This_Guhy
11
LINK/ETH - Link is ready to rocketIn November, LINK broke an uptrend that dated all the way back to April of 2019. This was mainly due to Ethereum's rapid growth. As we can see, we formed a descending channel that was below the support line from Dec 2nd and broke out of it Jan 14th. We have also confirmed this with a higher low, if we close today above .019, a higher high. This gives me reason to believe LINK is ready to rocket back above its 200MA and back to its recent support level. Add all the bullish news around LINK, and to me, this is a no brain trade.
Long
by Kekwiththat
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
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