LINKETH
LINK - Bullish potential Another alt coin I believe has a bullish big potential against BTC is LINK. Pair looks good, trying to overcome resistance at 0.00098 BTC, and if succeded LINK will fly much higher to 0.001 BTC and $20 / coin.
It would be possible ofc if ETH continues its bull-run (that so far I have no doubt given the launch of ETH 2.0 ahead).
Information is just for educational purposes, never financial advice. Always do your own research.
Hit the "LIKE" button and follow to support, thanks!
Chainlink finding support @ 0.00075 and @ trendline intersectionUpdate to the previous chart
Chainlink looks like coming out of accumulation zone, price did find support @ trendlines intersection and psichological level 0.00075.
Low volumes like in the past might suggest local low!
Next targets:
- ATH
- Psychological level @ 0.003 approx coinciding with median increase during speculative bubbles
Trade safely
LINKUSDTLINKUSDT LONG-TERM CHART
Cir. Supply - 389,509,556 LINK
Total Supply - 1,000,000,000 LINK
Market Cap - $4,514,189,423 ($4.5 Billion)
Scenario 1: - Watch out for the Whales DUMP
#Link has been showing minor breakouts in past few week but none looks sustainable and solid.
I now therefore expect ChainLink to return to $1.50 to $1.65 Billion Market cap.
If Link breaks our channel marked here then it is a sign of its down trend.a I believe during Nov 2020 - March 2021 whales normally takes their profits and Would be happy to bet all in at $4.2 - $4.5 level. Which is a major support and was its breakout point.
Scenario 2: - BTC forms a flag here and then comes PUMP
Link has been reacting positively to BTC rise since long. As, more money in BTC means more money for LINK or BNB or ETH platform.
Thus, If BTC continues to surprise us and breaks 13,500 resistance then there is no reason for Link to be bearish.
Just as ETH or BNB it will cont. to sail ahead along BTC and will hit the new ATH finding resistance around $24-$25
<> This is Not a Financial advice. Just sharing my thoughts.
LINK/USDT (Retest Key Level Resistance)💎Technical Analysis Summary💎
BINANCE: LINKUSDT
-Since the low around $7 last September 23
-Its value today has increase more than 40%
-The price is now trading just below the key resistance level
-That is a sign of strength in the short term
-If the Bulls can break above its key resistance
-Potential buyers might enter the market quickly
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LINK/BTC (Healthy Correction?)LINK/BTC
-ChainLink is on a 4H downtrend
-The important area of support is at 0.001 range
-That zone is a confluence of 200ma dynamic support
-Keep an eye of this level, the potential bounce is highly possible
-But always wait for any reversal signs before opening a position
LINK USD D AnalysisWe believe from the analysis drawn above LINK will attempt to break a Crucial Resistance @ $11.65 - $11.9. Fail to reach closely or break the stated resistance and we will see a trend reversal where we expect bulls will be exhausted. Depending on the market sentiment in the coming future we will see the Bull purchasing power and holding power and lead to the scenarios drawn on the graph above (Dark Blue, Purple, Pink).
Link is moving with strong bullish sentiment although the majority of the momentum is fuel by speculations and FOMO in my perspective. Despite the potential for growth in the years to come if the use case is still valid and adopted, As there will be many supports below here is the list of Major Supports: Orange Trend Line (Act as a Support derive from Fib Middle Band) S1: $4.97 range, S2: $3.02 range, S3: $1.425 Range
LINK/BTC (Potential Local bottom?)LINK/BTC
-We can see two bullish rejection at the last support area last July 10 trading
-They can also touch the lower trendline of support
-If LINK can hold or consolidate at this level for the next 2-3 days
-There is a chance to set this level as a temporary bottom
-A potential pullback to retest the downward trendline resistance around 70000 sat
-It is still safer to wait for the market to cool before entering a position
-Do not rush into a trade if you do not have a plan
Chainlink Touches Major Structural High.. (Resistance)Cryptocurrency chainlink has had Magnificent performance running ahead while leaving most cryptocurrencies behind with stable movement.
On the 3 day chart we can see that we are hitting a high resistance level based off the previous to major structures.
Based off the bottom green support level we have a lot of room for a major selloff retracement.
The ema dots indicator is currently green and the 3 day candle is currently green with the rsi in overbought territory. These are still positive indicator wise , but like stated we are sitting on major Resistance for chainlink.
Drop down to a daily chart and look for a lower low breach for a short position. Buyers beware.
LINK/BTC (All Time High?)LINK/BTC
-new all-time high?
-the weekly chart pattern is quite bearish
-RSI is also bearish
-volume is declining indicating consolidation
-LINK may still run up to 70000
-and decide to consolidate in that region
-I know there is still upside left
-but I do not recommend to buy at this level
-giving the fact of bearish warning signs
-I would rather look for coins who haven't moved yet
-I do not want to short this coin also
-as the market still going higher
-for me, watching the coin hit ATH is like watching a nice movie :)
-I'll stay on the sideline and wait for the right opportunity