Chainlinkbtc
Chainlink @ resistance of trading range. Looking for new highs?S/R zones on weekly and monthly timeframe. Chainlink is keeping it's trading ranges beautifully.
After the mainnet announcement, I can imagine that it breaks through resistance on it's way to new highs. Definitely a project to keep an eye on.
ChainLink Symmetrical Triangle As you can see the symmetrical triangle formation on the daily; ChainLink can be expected to break out in the coming days. MACD has flipped which has signaled an end to the selling pressure. Bears were unable to break through support of the triangle which signals a possible breakup rather than a breakdown. Resistance at the orange line which is the moving average and resistance at top of triangle. Keep an eye out for volume as that will be key to breaking both resistance levels for a test at BTC ATH.
Not Financial advice just my opinion.
Chainlink (bullrun) continued (?)Chainlink has hit an important channel support. The overall trend is quite bullish, but should it break down from this channel, and especially the fib zone beneath it, it will likely correct lower. If it follows this bullish channel up, and breaks out, then it will likely continue the bullrun. You can seem the links of my past Link analysis. I'm doing these because Chainlink is virtually the only crypto to completely defy the broader bear market.
Chainlilnk updateI've been following Chainlink for a while and wanted to post this update. It is once again approaching a key crossing zone where it will either breakdown or resume the bullrun. You can see by the chart where the resistance and support are meeting. I don't know if it will breakdown or break out, but a move will likely happen soon. If it falls below that blue trend line, it will likely breakdown to the next support (marked by rainbow zones of fib retracement).
LINKBTC BINANCE 1D up to 11FEB19 Trading Analysis (TA)LINKBTC ChainLink / Bitcoin BINANCE 1D up to 11FEB19 Trading Analysis (TA)
1D Chart, ChainLink (LINK) by December 11, 2018 (1), was able to break down the 100 days MA signal, and find support over the 200 MA signal for days before rising its price hovering over the 60 RSI line (2), now the price is correcting moving down toward the 100/200 MA signals (3), where I believe could find support again and/or over the 40 RSI line, which is the optimistic approach, but remember "You are not suppose to try to catch the knive falling" its bottom support is close. At this time the Market Cap is around 119b. Good Luck!
1D Chart, ChainLink (LINK) el 11 de diciembre de 2018 (1), atravesó en caída la señal de MA de 100 días y encontró soporte sobre la señal de 200 MA durante días antes de aumentar su precio sobre la línea de 60 RSI (2), ahora el precio se está corrigiendo moviéndose hacia abajo hacia las señales 100/200 MA (3), donde creo que podría encontrar soporte nuevamente y / o sobre la línea 40 RSI, que es el enfoque optimista, pero recuerde que "No debe intentar atrapar el cuchillo cayendo", su soporte inferior está cerca. En este momento el Market Cap esta alrededor de 119b. ¡Buena suerte!
“I believe in analysis and not forecasting.” / "Creo en el análisis y no en el pronóstico".
REMEMBER: I am not a financial adviser nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. RECUERDE: No soy un asesor financiero y el contenido de este artículo no se presenta como asesoramiento financiero. La información provista en esta publicación de blog y cualquier otra publicación que haga y cualquier material que la acompañe es solo para fines informativos. No debe considerarse asesoramiento financiero o de inversión de ningún tipo. Se debe consultar con un profesional financiero o de inversiones para determinar qué es lo mejor para sus necesidades individuales.
LINKBTC CHAINLINK forming Cup and Handle on weeklyChainlink looking very nice forming the cup and handle (yellow line).
If the technical pattern continues we could see a massive rally soon
Short term target: 0.00006900 (7%)
Long term target: 0.00009345 (50% , recent November highs)
Very Bullish target: test above 0.00010000
Analytics LINK/BTCChainlink is a platform that serves as a link between blockchains and real business. The idea is good, but not sufficiently developed. There are no descriptions of project progress activities in the official channels. The token should not be considered as a long-term investment.
The chart shows that the asset does not linger in portfolios and used mainly for speculation. There is a lack of strong areas of support and resistance.
In May, the trade volume fell sharply, almost 90%, and did not return to it's previous level. Thus, there is the low coin liquidity. Asset can be considered as a tool for intraday trading, during the day it shows a volatility of 7-15%, weekly - 30-40%.
The point of entry into the asset is not earlier than the price reaches the level 0.000038-0.00004. Be sure to use the stop-losses, because the rate is a subject to manipulation.
It is worthwhile to consider charts with a smaller time frame to make decision.
Link 330%+ Profits OpportunityAn Ascending triangle is created on the 1D chart on ChainLink and a reversal uptrend move is already on the way finishing the 1st elliot wave creation and is now in consolidation for the start of the 3rd. Since Feb 2018 Link was in a downtrend like the other crypto assets in the market. After an engulfing bullish candlestick creation July 25 it already setup its movement and developed a good reversal pattern after that and started to consolidating after a rebound downwards at around 4083 sats area which is the 23.6% fib ret. level. RSI rebounding back upwards and currently at 46 and 50EMA is almost under the price. Next scenario is a leg up towards the 38.2% fib level around 5185 sats. Volume is starting to show some moves and if it keeps moving on its pace we might see a break of the triangle within the following 2 days. A confirmation for 3rd wave creation is if the chart can close above the ascending triangle.
Entry Zone : 3000 sats -3600 sats
Stop Loss : 2200 sats
Possible targets
Short Term Targets :
T1 : 3883 sats
T2 : 4372 sats
T3 : 4860 sats
T4 : 5555 sats
T5 : 6440 sats
Mid/Long Term Possible Targets
T1 : 4083 sats
T2 : 5185 sats
T3 : 6076 sats
T4 : 6967 sats
T5 : 8235 sats
T6 : 9850 sats
Good Luck.
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$LINK Nearing Breakout Level - Strong Buy$LINK (ChainLink) is an undervalued project I have been monitoring for the past few months. Chainlink is the only project focusing on being a decentralized oracle provider that has a MASSIVE use case, partnerships like Request Network, ZeppelinOS, SWIFT and the LINK token can be staked in pools in the future to provide passive income.
Initial Entry - 5175 Sats ($0.49)
Analysis:
- Long-term Descending Triangle Broken (Red)
- Ascending Triangle Nearing Breakout Level (Green)
Breakout Level: 6175 Sats ($0.59)
Target 1 : 6928 Sats (33.6%)
Target 2 : 7681 Sats (67.3%)
Target 3 : 9187 Sats (134.6%)