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Chainlink buyers are coming back!Chainlink seems to have bottomed at 7.2869 as Pivot suggest and also daily support area Looking more at daily, MACD is in third selling wave which ussualy means that sellers are satisfied enough. Daily candle has a good possibility of bullish engulfing if the price closes above $8.75 per Link. Looking at current hourly chart, the price seems to be forming a flag with a bullish outcome. It's important to break $9, then Link can easily go all the way up to $9.92 which is 12% from the top of the resistance area and then to $10.3 which is 17% from the top of the resistance area. Indicators looks good, $9 is the key level to break. Good luck! Tibor
Long
by TiborVrbovsky
1
LINK.USDT (Y20.P4.E5).TA.Entry level is hereHi All, This is a continuation of my previous LINK.USDT post, link supplied below. On my last post for LINK, you will note in the last entry in the update section, I entered this chart and the green zone, as part of the weekly support level. A good level/zone to re-accumulate. Unfortunately I didn't get filled at $7.20 price as my bottom but I did get filled at $7.45. We will see if this was the bottom for LINK in the coming days. For now, people would more likely short LINK and many of the ALTs as there are plenty of opportunities, if I have time, I will post which ones I have done and still looking at. I do have BTC.dom to go up a little further but one can't be so confident what that means for some of the ALTs. With LINK, I'm going to accumulate to going long. It might drop further more but as they say, no risk no reward. If you look at the RSI on this chart, it does support my thesis. At this point, I can't see a deeper pullback at this point, but one never knows. Please give me a tick or like for this post. Regards, S.SAri The SHORTING opportunities were given. Hence why I have shorting at this latest level but its likely to be a reversal pattern stemming from this.
Long
by ssari
3
LINK Breaking Through Support With 45% Downside RiskLooks like another major 'red day' appearing for the alts... LINKUSD is currently breaking below a support level which means a drop to $5 area becomes possible. Traders will be looking for consolidation BELOW the support level near-term, preparing the market for shorting opportunities as the downward rally continues in the coming few days. Strong buyback in BTC or ETH markets could help support the altcoin market but at this point, a quick and easy recovery seems more like hopium than Technical Analysis. Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.
BINANCE:LINKUSDShort
by Sparkster
1
Chainlink Technical Analysis: LINK On The Cusp Of A Breakdown Chainlink breaks down below an ascending triangle pattern. LINK/USD could end up in dire losses, likely to refresh support at $8.85 if support at $10 is broken. Chainlink has continued to lose dominance in market capitalization and comparison to digital assets like Polkadot, Bitcoin Cash, and Binance Coin. The race for the fifth spot in the market is in full swing, but Chainlink appears to have given up already. At the time of writing, LINK is trading at $10.84 after a 0.81% loss on the day. It is currently the eighth-largest cryptocurrency with a market cap of $3.7 billion. Ascending Triangle Breakdown Following the declines September’s first week, Chainlink embraced support at $8.85. A reversal came into play almost immediately, with the price spiking above $10, $12, and $13 resistance levels. Unfortunately, the bullish momentum started to lose strength as bears fought to take back control at $13.30. LINK/USD began to pivoting around $12, although the formation of an ascending triangle recently dealt the bulls a blow. An ascending triangle pattern mainly signals the return of the previous trend. In this case, the breakdown at the beginning of September. However, it is essential to note that a breakout can occur either up or down from the triangle. Meanwhile, the 4-hour chart shows the continuing breakdown below the pattern. The downtrend is emphasized by the Relative Strength Index (RSI) as dips back into the oversold area. Support at $10 is expected to hold; nevertheless, if it gives in, sellers could increase their activities, in turn, forcing LINK back to support at $8.85. Chainlink Intraday Levels Spot rate: $10.84 Relative change: -0.0764 Percentage change: -0.84% Trend: Bearish Volatility: Expanding
BINANCE:LINKUSDShort
by CoinGape
2
LINK.BTC (Y20.P4.E3).TA on the Macro structureHi All, Based on the RSI and MACD formations, in my opinion, the following is likely to happen against BTC. As for BTC I see a short term bounce to 10600 which aligns with this. Note: AB=CD played out perfectly in both BTC and USDT charts. LINK.BTC 2 HRLY chart ================================================== 4 HRLY chart: ================================================== DAILY chart ================================================== Looking for the MACD to cross over however its a slow indicator. LINK.USDT Please give me a like or tick for this effort. Cheers, S.Sari
Long
by ssari
3
LINK.BTC (Y20.P4.E2).Fractal and compound strategyHi All, It is times like this (things are bullish), I search for opportunities. That 5% here and there can be compounded to make much more gains down the track. I tend to use the total BTC equivalent as a measure to how I'm trading, especially in an uptrend. Down trend, I tend to look at the USD value to ensure I'm limiting my losses. Anyway, here is one of those opportunities I have already acted upon. Late last night, I flipped 1/2 of my LINK to BTC as I saw bearish signs at the micro level. I will use the same BTC to buy back when I feel the time is right. Hence I will have more LINK and based on this chart, more BTC equivalent. As for the 4 hrly chart, we can observe the following: > the indicators support the fractal, from the 21\34 ema, fib level and formation\structure; > the macd fractal will confirm it, and using the KDJ, will get an earlier signal as the MACD is lagging more so; Link structure overview: Parabolic structure in tact and using fibs, target levels are clear Close up view Daily chart, candle sticks are weaker so far in this fractal area Please give me a like or tick for this post Regards, S.Sari
Long
by ssari
1
Chainlink Just Confirmed Bull RallyAlthough LINK has pulled back up to 50% we have confirmed a S/R Flip and We Expect That This Rally Is Just Starting... ChainLink is a decentralized oracle network that provides real-world data to smart contracts on the blockchain. ... For smart contracts to craft agreements beyond those that pertain to data found on the blockchain, they require off-chain data in an on-chain format. ChainLink is currently ranked #1 in De-Fi Coins. Definitly a good token to mid-long term hold.
GEMINI:LINKUSDLong
by contemplatingcrypto
5
Chainlink--Correction ContinuesI'm a seller here. A serious neckline has been broken, with further drop expected. I'm making no bottom prediction here. Reasonable expectation is the .618 fib retracement level at 8.6. Another is the bottom line of the trend channel shown, since corrections very often are contained within trend channels. As I previously indicated, this is an EW wave 4 correction at primary degree. Wave 4's very often form a triangle, however, that is not likely to be an option here, although remains so on the LINK/BTC pair. At any rate, it is unusual for a wave 4 to make a deep correction, and in any case may not descend beyond the top of component wave 1 (which in this case is at 5).
BINANCE:LINKUSDShort
by TeKay
LINK.USDT (Y20.P4.E1).Rare Gems.No.1.Bullish again **** This is a continuation of the previous post, link below **** Hi All, Firstly don't miss out. I have been stalking this bugger for some time and kept buying the dips in the formation and now its done a breakout, it almost lines up with BTC to soon break out as well. Either way, you win but one would like to flip to BTC when it rockets up as well. If you recall a few incidents with btc dominance (chart), when BTC dom is about to go up, the alts are likely to drop a small % (5 to 10%). So if you time it well you can compound with this upward motion with both coins. But your timing has to be good. As for this chart, there are two ways to look at this formation, and both are good signs. I thought I better post this update so you still have a chance to get in. The daily even looks better Cheers, S.Sari BTC chart Previous posts related to this one (continuation). (I like to keep posts linked so when I look back, I have a clear history on my success and failure points, and hence easy to review and learn to improve).
by ssari
3
Chainlink--Breakout StakeoutThe chart shows Chainlink at an important decision point (against both the USD and BTC), a classical triangle with lower highs and higher lows. The lower line represents an important head and shoulders neckline which if violated will signal a likely substantial descent. The upper line has been well respected by price action so far and a breach will likely mean a resumption of the uptrend. Is it possible that the 12.90 low so far in this correction is as low as it goes? Yes. That point is almost exactly the .382 fib retracement level, which is very common for an Elliott wave 4th wave correction. The wave degree is apparent on the Binance charts. Chainlink peaked on 16 Aug marking the end of an EW impulse wave 3 of primary degree, with the wave 1 previously peaking on 29 Jun 19 and corrective primary wave 2 ending on 13 Mar 20. I’m a seller if/when the neckline is broken; a buyer if/when the upper trendline is broken.
BINANCE:LINKUSD
by TeKay
$LINK/BTC Short - Possible Blow-Off Top FormingI think there's a good chance we may be seeing the beginning of a volatile and rapid bearish expansion for $LINK. We can see a high correlation between Chainlink's chart to a typical market bubble / blow-off top - including an almost vertical, aggressive final phase finishing off with a spinning top on the 12H. Looking at the hourly chart, we can see that we've broken market structure by having clean closes below the swing low that made the high - this being so much more significant due to it occurring at the -0.27 extension of the daily range that preceded the final run up. We failed to break back into bullish market structure and have instead retraced back into the hourly supply that made the most recent swing low. Combining the factors mentioned on the chart above/this analysis with the increasingly widespread euphoric speculation leads me to believe the whales might have found their point of highest liquidity in which to sell in to. In conclusion, I would be vary wary of entering any long positions at these levels as it seems likely we might be seeing circa $8 again before long. If true capitulation occurs, we could even see sub $5 in the coming months. I know this won't be a popular opinion, but it's often best to exercise a contrarian view when your analysis indicates weakness and the hype levels are at such a peak. Thanks for looking - don't shoot the messenger! FantasticMrFX
Short
by nstorrsfoxgmail
Tradional markets reaching new highs - (BTC follows ETH) - imoGood morning everyone. The entire market (crypto & tradionals) have been breaking ATH's (especially tradional stocks) like gold for example. Link has been outperforming BTC. It's time for BTC to shock people like LINK has been doing. Uptrend has 3 solid points of contact (validation), while the downtrend has 2 solid points of contact (validation), however the downtrend wicked above, but recovered after. White checkmarks = (validation) points Yellow checkmarks = (invalidation) - in this case looks like double top. We've recovered since that drop already & with support. (cme gap - 9600 - keep in mind gaps don't need to get filled right away - the 11800 gap wasn't filled for 2 years) (where this rally started - the start green candle to spark attention - (9000 - 9250) Be safe & stick to your plan (don't let emotions get in the way of your TA & bias) Smash that like button if you appreciate the chart. 👍👍👍👍👍👍👍
GEMINI:BTCUSDLong
by Yurlo
2
LINK CHAINLINK retracement levelsChainlink, Tellor, and Band Protocol all provide what are known as “oracles” for decentralized applications. Oracles connect off-chain data to decentralized applications — a service that has become increasingly important to DeFi. I`m looking for a retracement to 0.618 level or 0.00085270btc. If you are interested to test some amazing BUY and SELL INDICATORS, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
Short
by TopgOptions
7