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LINKUSD

LINK/USD - 2018 PTSD bearschizo bros, rise up!If we get the brutal 3 year bear run, these are the levels I plan on buying LINK. Veterans of last bear run would not be shocked if we saw 90-98% drops on major coins, regardless of their fundamentals. This is my plan - obviously not advising anyone to follow suit. I will however say it is a good idea to have cash handy for these possibilities. Green - accumulate Orange - Buy with size Purple - Sell house and car to all in. (exception is if the project dies, otherwise I think these bags would make me a happy man in the next bull run.)
BINANCE:LINKUSDLong
by fritzz
5
LINK - Outlook ✅Let's see how LINK is behaving. This is a 1D chart. Bollinger Bands are expanding while the price pushes down on the lower band. (This is a bearish sign) The Fib retracement shows that the price has already passed the two main supports and turned them into resistance. (This is another bearish sign) The market is showing Sell volumes for LINK. (Another bearish sign) One support area is holding the price up in case of sudden crashes. And two resistance levels are pushing down on value. The RSI shows that LINK is oversold. It tried to go back up to the 50 levels (center) but again got rejected. And now it's going down again for another dip. If you're holding, there's nothing to worry about because this support has the potential to keep the price up. If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings: Current Market Price: $18.45 Let me know your ideas. Good luck.
by ShawnMCR
7
Critical Situation on ChainLink ChartThe Crypto market is now suffering from an intense drop since Bitcoin fell down below 52K level. And now a huge Head and Shoulders pattern formed on the ChainLink weekly chart. The bullish and bearish scenarios depend on the very important key level at $15 - $16. If this support level breaks down the next important level to test will be around $10.6 and in case of losing this level the H&S pattern will be confirmed and the pattern projection will be around $3.9. In another bullish scenario, the first key level at $15 - $16 will be held and the price will bounce at this level so we can expect to test the two important resistances ahead in order to achieve higher targets at $76 and $110.
by farhadnmd
2
ChainLink: A Great Opportunity? Why Team dumped TokensChainLink, the most famous decentralized network for using oracles is looking cheap. But should you buy? Despite Chainlink being redflagged due to "the team dumping tokens", the majority of these narratives created among these events are pretty much flawed. Quick Technical check of the Diluted Market Cap shows ChainLink entering levels below the weekly 50-EMA, which only happened twice in the past, prior to a recovery: On the current chart, price is hitting a low boundary of the Fibonacci channel on the logarithmic chart. In the midst of 2020 there were rumours of Chainlink developers dumping their LINK tokens, creating distrust with holders. This also happened in 2019, creating a sell-off worth almost $0.5 billion dollars: Half a Billion Wiped Out as Chainlink Devs Dump At the time, it seemed like the devs are dumping their tokens because of some "insider information" knowing the project would fail or doesn't seem to have a grand future. These conceptions are anything but true & is hurtful for the reputation of Chainlink. These tokens are being used to bootstrap and subsidize the growth of the most widely used oracle network. Reinvestment into a network's growth is a good thing, because projects that don't, stagnate and die. The token movements happened for a number of initiatives including: Subsidizing oracle networks to bootstrap a secure network of nodes Paying out community grants and blockchain integration grants Acquiring new technologies and funding security audits Hiring more devs to create software like OCR that lower gas costs by 90% Hiring more engineers to increase the rate integrations can occur Hiring more researchers to formalize the economics of staking Partnerships Credit to @chainlinkgod on Twitter for providing this information on a fire talk. In short: The dumping of tokens have various benefits for the project and indirectly contributes to the growth of Chainlink. As of today, 12.5% of tokens remains in wallets owned by the Chainlink Team. See: Etherscan balances The last time the Chainlink Team dumped tokens out of any of these wallets was 142 days ago for 500,000 LINK: etherscan.io Oracle functionality is crucial for any Blockchain developer as randomness can be guessed in decentralized applications. In order to use the oracles by Chainlink you need LINK in the deployed contracts address, for example 0.5 LINK is the minimum to use the VRF Generator by Chainlink. When the smart contract executes a function on an oracle, LINK is used as a fee in the transaction. This creates demand for developers who wish to build decentralized applications with real randomness and improved security. Hopefully this article was of value to you & thank you for reading!
by jonathanvn
5
LINK uppdate So so so. Our Link is still in buying zone, and this presents a great opportunity. Remember, it always comes with a risk, so stop loss is always in place (mine at 18 dollars). Link has painted one of the clearest examples of the Elliott Triangle, which is almost always found in wave four correction. Why is this pattern so interesting? Because it has significant market psychology insights, as shown in the chart at point E, which is the climax of the triangle, most of the market participants are exhausted. There is a lot of bearish sentiment, with investors expecting lower prices. However, if the investors would pay attention to the chart and fundamentals, it would realise that FA is still strong and intact with some bullish news coming out, but more importantly, a higher low is in place with dry volume on the selling. This suggest seller are exhausted. Indeed the name of these moves is exhaustion moves. In this case, sellers are exhausted trying to push prices lower, and the buyers are free to step in and move the prices higher with little struggle. You can also appreciate the Elliott wave channel, which gives us the targets for wave 5. TP1 = target constructed from price pattern completion TP2 = major profit taking area with possible top formation from Fibonacci extension with golden ratio TP3 = Final target profit from fibonacci extension 0.618 (most common target for end of wave 5). It is little to say that momentum indicators all flags LINK as oversold with few bullish divergences forming. The fact that it feels uncomfortable to buy in this area with a lot of negativity reinforces the bullish hypothesis. The best trades are in painful emotional states in the market (extreme fear and extreme greed). P.S. I bought some link to my GF for XMAS. FOLLOW ME, SHARE, LIKE AND COMMENT
Long
by CFcryptoTA
3
Chainlink buying opportunity around $15-$18Hello all. Looking at chainlink on the weekly time frame, we can see that chainlink is currently trading below 20 weekly MA which is a bearish sign. On the daily timeframe, chainlink is under 200 daily MA which is another bearish sign. On the chart we can also see that we have formed a Double Bottom pattern which has a 35% measured move and can put chainlink at around $15. On the chart we also see that chainlink has room to retest the ascending weekly support line which will be around $18. Despite the short term bearish factors, the fundaments for chainlink are very strong which makes me believe that this correction will only be healthy for chainlink. We saw similar price action for ADA (Cardano) retest on the weekly and a strong bounce right back up. Get ready to buy chainlink after this correction. Thanks for reading and stay tuned. Enjoy.
COINBASE:LINKUSD
by EdgarTigranyan
8
Chainlink (LINK) - December 3Hello? Welcome, traders. If you "follow", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (LINKUSD 1W Chart) 9.8711250-14.9592563 or higher: Expected to create a new wave. In order to continue the upward trend from the current position, it must rise above the 29.4553707-32.1285728 section. If it falls from the 20.7294159 point, it may fall to the 9.8711250-14.9592563 section, so you need to think about countermeasures. ----------------------------------------- (LINKBTC 1W Chart) The 0.0003950 point is important as it has moved down from the uptrend line (2). Therefore, if it falls from the 0.0003950 point, it may fall to the 0.0002195-0.0002757 section, so you need to think about countermeasures. If the price remains above the 0.0003950 point and deviates from the downtrend line, it is expected to rise. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves. ------------------------------------------------------------ ------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet. (Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.) ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
BINANCE:LINKUSD
by readCrypto
LINKUSD Massive rally ahead of usLINK was one of the revelations of the crypto market in 2020, however this year since the May correction, it hasn't performed as most would have expected. This pattern though shows that a strong rally may be in the runs as the current levels seems like the December 2020 low that was eventually the bottom of that consolidation phase and gave way to a massive 2 month rally. At the same time, the 1D CCI has bounced off the multi-month Support Zone, which was the same reaction as on December 23 2020. The longer-term time-frame even seem to agree, as an MA50 (blue trend-line) / MA100 (green trend-line) Bullish Cross on the 1D time-frame has always delivered a rally since the March 2020 crash, and so far that hasn't happened. I am expecting LINKUSD to reach $80 and the 1.5 Fibonacci extension. Do you? -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
BINANCE:LINKUSDLong
by TradingShot
17
Link - breakout as a good buying opportunity!A trend line has formed on the LINK chart. It is worth pointing out that the price has made re-low its lows several times. And a big volume appeared on the bottom. This is a good signal for the continuation of growth. In case of a breakout of the trendline, there could be a good buying opportunity. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
Long
by Yuriy_Bishko
7