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Linklong

Link on Fire!!Chainlink has been performing absolutely incredible over the past month being up 30% and 40% on the week! Even while BTC is down, this truly shows the strength of chainlink and how powerful it can be! We are looking very very bullish as we quickly regained our Long term trend line spanning back from march 2020, we have gone on a beauty run up and now are currently looking at 0.2 FIB resistance. If we can get a daily close above here tonight that would look incredibly bullish, but even if we don't we look great! Looking at the pivot points, this is huge we blew past the bullish pivot point which can give us an overall trend reversal to the upside, we need to hold this pivot point for daily close which i would say is an easy bet. Keeping this level is overall bullish for chainlink longer term. Checking out the bollinger bands we saw a big run up along the top of the bands which as i always say is super bullish, we could be due for a little cooloff for a day or so but i think even after that we could see price action start to hop back on that top band and continue our strides upwards, The key here is that we have midline support on the bollinger bands but once we start going up again we get that midline above the bullish pivot point which woud give us that added layer of "protection". Now the RSI does look very great but we have entered the overbought zone so we could be due for a little pullback, but what interests me even more is that we have sliced right through that midline of the RSI, and that is huge because if we continue to hold it we will be in a confirmed uptrend, and since we have been in a downtrend since may i think we are due for a longer spanning confirmed uptrend, but remember holding that middle line is absolutely key! Not financial advice just my opinion!
COINBASE:LINKUSDLong
by JacobR905
4
CHAINLINK BOUNCING OFF CHANNEL SUPPORT, RETEST CHANNEL TOP @$20?CHAINLINK (LINKUSDT) is bouncing off of channel trendline support. This is the first test of the trendline support. If price reacts similarly to how price reacted when it tested channel trendline resistance, then price might go up to trendline resistance at $20. If price breaks trendline support @ $17, then price can quickly fall down to horizontal support @ $15. Hi guys, this is OG back with another market update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below. Check out my daily videos for more in-depth technical analysis and trade setups for Bitcoin, Ethereum, and Altcoins. Why follow? 1. Community of Technical Analysts sharing analysis and trades 2. Live tracking of whale wallet movements 3. Live update of the latest important news 4. Live syncing of popular crypto tweets 5. Ebook covering how to be profitable in the cryptocurrency market As always, I’m not a financial advisor, all information presented is for educational purposes only and not meant as financial or investment advice, do your own research, and stay safe!
Long
by cryptotraderog
4
LINK Bottom Forming?Since its all-time high in May, Link has dropped by as much as 72%. Price seemed to be forming a bottom at 15. Where we saw two tests at this level in May and June. So far we have failed to break lower. This leads to the possibility that a bottom may be forming for Link. However, it is still too early to say. Therefore, I would like to see the price consolidate above 20 again. Lastly, you should not rule out a possibility for a third retest of the trend, especially in this highly volatile environment.
COINBASE:LINKUSD
by EmpowerTrader
2
LINK ABOUT TO BLOW!Update for Links inverse head and shoulders pattern, we have smashed through the 0.5 FIB level and now today we are looking to hold this level for our daily close. A close above the 0.5 could send link flying due to us also breaking out of this wedge resistance! This will be a very close daily close for us by the looks of it, so keep your eyes open and watching. Also keep in mind BTC will drag or pump the market depending on where bitcoins price goes. The RSI bounced off the 50. point and we need to see a confirmed break above this to see a full scale uptrend. I think this is very likely in the coming days as we are getting indication from the MACD of Bullish momentum, we see the indicator threw out a buy signal and we are seeing a potential bullish cross of the MA's (Blue ontop of orange) With that we notice a long overdue green bar on the histogram which is bullish. I got a feeling alt coins are mostly all on the verge of a big breakout in the coming days, all indicators and technicals are giving that hint just even comparing the indicators with XRP on my last TA, Big moves ahead guys! Not financial advice just my opinion!
COINBASE:LINKUSDLong
by JacobR905