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LNKUSD trade ideas

LINK: recovery is still on holdAlthough LINK started the previous week in a positive manner, heading toward the upside, still the highest level reached was $7.1. Long term resistance line has not been tested on this occasion. By following general market sentiment, price soon reverted to the downside, to the level of $5.88. Coin is finishing the week testing the support line at $6, but without strength to break it further below. Relative Strength Index is continuing sort of side moves during the last two weeks. The indicator is moving slowly between levels of 50 down to 40. It provides no indication that the market is ready for a move toward the overbought side. Moving averages of 50 and 200 days are continuing to move as two parallel lines, with MA50 currently slowing down its down trend. Technical analysis is suggesting that LINK will continue to test the $6 support line in the coming period. There is currently no indication that this line might be broken to the downside. In case that support line is not broken, the coin will revert shortly to the upside and resistance line at $8. There are also no indications that the price might go above the current resistance line.
COINBASE:LINKUSD
by XBTFX
LINK MARIN(E)atedLink looks nicely marinated from the bear... ORACLES Oracles are data feeds that connect Ethereum to off-chain information The oracle problem Ethereum transactions cannot access off-chain data directly but using a centralised data source is suboptimal... hence the need for a decentralized oracle Chainlink Off-Chain Reporting (Chainlink OCR) 1. off-chain oracle network communicates with each other 2. cryptographically signs responses 3. aggregates responses off-chain 4. sends one transaction on-chain with the result This is gas efficient Chainlink VRF Chainlink Verifiable Random Function = tamper-proof random number generator for smart contracts The LINK token *based on the upgraded ERC-677 token, backwards compatible with ERC-20. CHART Bull div on daily Local fork Fib retracement If market is going to bounce then so will this NOT TARDING ADVICE
BINANCE:LINKUSD
by Great_Reset_Investing
Chainlink Price Analysis — June 29Chainlink continues to maintain a pass-and-play (choppy) momentum between the $7.3 resistance and $6 base. Currently, bears have initiated a push for the $6 base after a prolonged inability to take the $7.3 mark over the last weekend. That said, we should expect a bullish rebound anywhere near the $6 mark, back to the $7.3 top, as the choppiness is expected to persist with the crypto winter. In an event of a bearish breakdown below the $6 mark, an extended dip below $5.3 (the broader range) seems significantly unlikely. Meanwhile, my resistance levels are $7.3, $8.0, and $9.0, and my support levels are $6.0, $4.0, and $3.0. Total Market Capitalization: $898.3 billion Chainlink Market Capitalization: $2.97 billion Chainlink Dominance: 0.33% Market Rank: #22
BITTREX:LINKUSD
by Mr_Wogbe_Alex
LINK: postponed recoveryTwo weeks ago LINK reached its lowest level at $5.5 and started a short price reversal to the upside. However, moves to the upside were extremely shy, so LINK managed to reach its highest weekly level at $7.3. Long term resistance line at $8 has not been tested on this occasion. At this moment, it is more than evident that the market is lacking strength for clear recovery, due to the strong impact of macro-fundamentals. At this stage, stronger recovery is sort of postponed. Relative Strength Index made its way from level of 45 up to 50, not providing an indication that market is ready for a road toward overbought territory. From the beginning of this year, moving averages of 50 and 200 days are moving like parallel lines with downtrend, without indication that cross might occur in the short future period. Charts are showing that LINK has a potential for a recovery, but the market is lacking the strength for such a move. In this sense, a sort of stronger recovery could not be expected in the coming days. There is high probability for LINK to test a long term resistance line at $8, but at the same time it could revert shortly to the downside to test support line at $6.
COINBASE:LINKUSD
by XBTFX
2
LINK KEY LEVELSThere are numerous key levels on link and have currently taken resistance Fundamentally the overall outlook on Link is positive with big brands such as dolce gabanna making use of Link technology At the time of writing Link is $6.9 USD Link is also down 89.40% (or 47.53 pips) from the high. If we can hold at this key support level and form a base the opportunity of a lifetime could be in place - a potential 10X to the previous highs. What is important to note is that both link and the Beta of crypto along with the world are trending lower, the biggest question before making this decision is whether you believe there will be mass adoption of crypto as a currency on the blockchain. If you do think this will be the case, you should definitely look to start accumulating or preparing for a long position - particularly if we can see the decoupling from the world markets in the crypto space
COINBASE:LINKUSDLong
by Grage2334
3