LINK/USDLINK MARINES COMMENCE!!!!!!! I have a very good feeling about this coin over the next few weeks. Looks like it bottomed out pretty hard in the $7.50 area. Wouldn’t be surprised to see a run towards the top of the descending wedge over the next couple days. If it makes a push through that (and holds it) I’d expect the run to continue (see chart for next target areas). Good luck y’all!
Linklong
LINK/USD AnalysisToday we are going to look at the prospects for the LINK / USD pair.
It is obvious that the uptrend on this instrument is over. The main correction is also completed, the time has come for a boring sideways movement.
Nevertheless, there is a high probability of a retest of the main support, it is at the previous local highs, these are the levels of $ 4.30 and $ 5.
The trading range will narrow over time, but for now it is wide enough for fast trades.
LINK/BTC: Imminent Breakout Analysis - 1D, 1HIn this post, I'll be providing an analysis on Chainlink (LINK), shedding light on its daily and hourly chart through technical analysis.
Daily Chart Analysis
- To begin with, the daily chart is on the left, and the hourly on the right
- The daily chart demonstrates that prices are trading within a descending channel, forming lower highs and lower lows
- The Relative Strength Index (RSI) is at neutral levels, showing signs of a potential breakout
- The Moving Average Convergence Divergence (MACD) is forming a potential death cross, but has not provided confirmation yet
- We can interpret the current setup as a consolidation phase of a bullish flag pattern
- Should we see prices break through the upper channel resistance, we could potentially expect another leg up to 0.002btc
Hourly Chart Analysis
- Zooming in on the hourly, we see clearer signs of bullishness
- Prices are forming an ascending triangle pattern, in which the tops of the pattern are rejected at 0.000894 btc levels, while higher lows are formed
- The RSI is also in an uptrend, forming higher lows as a sign of momentum building up
- Based on the ascending triangle pattern, we can count Elliott triangle waves (ABCDE)
- This wave count shows that a breakout through the triangle pattern is very imminent
- The 100 Simple Moving Average (SMA) on the hourly chart is a good reference of support/resistance zones.
You can check out my other analysis on Waves (WAVES) which had a very similar setup: an ascending triangle within a descending parallel channel.
Conclusion
Chainlink seems like it's headed to retest previous highs as indicators and bullish pattern setups demonstrate potentiality for a breakout.
However as always, don't predict the market. Take it by levels, and play by probabilities.
If you like this analysis, please make sure to like the post, and follow for more quality content!
I would also appreciate it if you could leave a comment below with some original insight.
SHORT LINK and ATS efficiency report since July Hello!
This Summer Link has shown the best dynamics ever.
ATS's strategy has also shown perfect outcomes since the very beginning of July, giving correct indication of the trend changes.
ATS has performed 175% in 6 trades
Link has become more expensive by 146%
It is better to trade correctly instead buy and hold.
The link is currently still moving in the downtrend channel.
We think there will be good selling opportunities soon, chances are high that the first level of support will be tested.
Script settings for 4H timeframe:
· Signal calculation type - "ohlc4"
- Signals filter - "Enabled"
LINKUSDT: Buy possible (13.09.2020)On D1, the cloud is directing downward, indicating a price correction, and price found support at the 50% Fibonacci level.
On H4, the price fluctuates around the cloud, which indicates the formation of a local price correction.
In addition, a divergence has formed on H4 between the price and the RSI, which indicates a possible end of the price correction on D1.
We recommend buying from the level of 12-11 (when RSI will reached overbought level on H4).
How To Trade LINK - Retracement with Moon Potential [PART II]In this idea I will walk you through the most important parts on the chart of LINK on the 1H and continue my previous analysis.
First of all, you can find my previous analysis here:
We can see that the price has indeed been confirmed on the horizontal support level. Overall the cryptocurrency markets are going down, but it's safe to say that LINK has still be performing relatively well.
There are still many LINK bulls out there who are buying, keeping the price moderately high.
I previously suggested that the price was a bit too high and that it would be best to wait before entering a position. Right now the time has come. The price is exactly at the support level, and this could be a great moment to enter LINK.
From my previous analysis:
Link has been performing extremely, extremely well over the last weeks. With an astonishing 1400% growth over the last few months it's been the hero we all wish we could be.
In this technical analysis I will walk you through how I suggest to trade a pair that has been seen such a crazy uptrend.
First of all, it's noteworthy that you should never buy a coin that's already peeking. When there's just been a huge green candle, you are too late. You wish you were in, but don't FOMO buy.
Always wait for retracements. Retracements such as ... the one right here in front of you! THIS is the moment to buy, after plenty of red candles.
The age old principle stands, buy low and sell high.
As for the exit, if you're more of a scalp trader I suggest to leave before the $20 level again as this is a likely place where it finds resistance.
If you want to HODL LINK, then you can try to aim for the 'Moon Zone'. In this area the price might rise like there is no tomorrow, and simply holding it might bring great benefits.
LINK to $20!LINK have been monster lately and it really seems like it is only starting to get going. I am expecting LINK to make the third wave of this Elliot Wave pattern and finish around $20-$24. If the same trend continues, weekend will be the sweetspot for LINK to hit that target.
Until that we MIGHT see some correction
to ~$10 range. After movement to $20 area, i am expecting typical correction after finishing Elliot Wave, which will be good spot to cumulate some more LINK.
Have you given up hope? LONG LINKUSDPlaced two stop losses (S1 being for day-swing traders) & then the main one being S2 -- for the superlong HODLER) who has been in this far too long to quit.
I learned to program python 3.6, cobolt 6, java, API & cloud computation + data compression through kubernetes/docker... I've invested too much time into this career, what am I supposed to do?
I learned to be a financier (from trendline breakouts) to fundamentals/market data, conducting TA & more...as I've said -- TOO MUCH OF MY LIFE/TIME INVESTED/WASTED, WHAT AM I GONNA DO?!
Just QUIT?! & "LearntoCode?"
I can't...this is ALL i know how to do...
Anyway I'm balls deep in and when I see a superlong like this (est. timeframe >30 days min-- though if I had to GUESS a ballpark on these figures I'd say 2-3 months. So by start of Q3, that's a complete pulled out my ass figure so don't take that as bond.
When I see patterns emerge like this from a fundamentals perspective I cannot help but get excited for the future, despite the fact that i've cried myself to sleep last night and every night since last Monday.
Disclaimer
Note: This is strictly conjecture based on my own technical analysis and not any information based on any sources from the GOP Or federal government/treasury dept / ay institution of any form this example is for educational purposes only and should not be relied upon for any other use. Please invest responsibly and make all decisions based on your head; not your gut. Any projections or figures provided in this analysis are Forward-looking statements And have no basis Other than my own opinion and not information related to the GOP, SEC or wall sf in general. Just the wiz doing what he always did best — Disclaimer must be extended and extensive So forgive me as I need to truly emphasize None of the information obtained in conducting this analysis was provided by insider trading in anyway shape or form.
Certain information set forth in this presentation contains “forward-looking information”, including “future oriented financial information” and “financial outlook”, under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of proceeds from, the sale of the shares being offered hereunder; ( iii ) the expected development of the Company’s business, projects and joint ventures; (iv) execution of the Company’s vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the Company’s projects; ( vi ) completion of the Company’s projects that are currently underway, in development or otherwise under consideration; ( vi ) renewal of the Company’s current customer, supplier and other material agreements; and ( vii ) future liquidity, working capital, and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management’s beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment.
These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.
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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.