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Link - keep an eye on these scenarios!Link is down 60% in the last few weeks. At the same time, there have been huge liquidations. There is a lot of volume at the bottom, which is a good signal. It is also worth noting that a trend line has been formed and the price is moving towards it little by little. A false breakout of $15.3 or a breakout of the trend line would 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
5
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