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LINK.USDT (Y20.P3.E5.v2).Rare Gems.No.1.not there yet** This is a continuation from the previous post, link provided below ** As you can see based on the non log chart, it makes it easier to understand price action here. The trend line is key to this and must hold which its doing, however as per chart, wave 3 to 4 is a complex wave and hence is designed to strip your profits, like we did with 9k to 10.5k with BTC. Hence I'm staying away from further action, I bought in and now wait it out. OBSERVATIONS: ================================== > fib. levels are aligned with price actions support and resistance levels > similar KDJ pattern to the previous wave 1 to 2 and hence will use this as a guide > many levels to break on the upside what looks like a ascending triangle > the ABC correction is complete however gaining momentum will be slow > the trend is good MY THOUGHTS: ================================== I already hold LINK as I bought some at the $12 to $13 dollar mark. I want to buy more but I rather look for charts that are or have moved significantly. Once these coins slow down, eg BTC or ETH, I'll redirect some of the funds to LINK, if LINK is ready. NOTE: BTC dominance is about to have another bounce as it approaches a key level. My guess would be it does another break to the upside (breaking 12k) to reach 12.5k or more. Won't be long so this might explain the ascending triangle taking place for LINK. The DAILY gives a good account to what's going on, from a bullish perspective. I see it bullish based on the indicators as well. What are your thoughts? Please give me a like or tick for this post Regards, S. Sari PREVIOUS POST related to this continuation:
Long
by ssari
3
CHAINLINK 🟩🟨🟥 Marines + China + Blockchain. Need we say more?💬Chainklink ($LINK) has had some bullish news recently as word spread that China’s Blockchain Service Network (BSN) integrating Chainlink’s oracle service. Despite the bullish news, LINK also just recently hit resistance and moved lower as the broader market dropped today. Let's take a look at some levels for LINK to get a sense of how the current correction might play out. Hit that button to show support for the content! Help the community grow by giving us a follow ----- Support: S1: The S1 orderblock formed from price inefficiency on the way to the previous all-time high is the first support for the LINK Marines to hold. A reaction here and then a retest of R1 is a likely scenario. S2: The S2 S/R flip and orderblock cluster is a logical level to hold if S1 can't. There is some solid support here and we expect to see a major reaction if this level is tested. S3: The S3 orderblock is the last hope for the bulls. While ideally this isn't tested, a move lower breaks the uptrend, and S1 - S3 failing show weakness. The Marines need to defend this level, but bulls generally need to be cautious here. Resistance: R1: The R1 all-time high is the most logical point of resistance. This was the level LINK just got rejected at, and it will almost certainly come into play again. What the bulls want, and what the bears don't want to see, is a breach of R1 with support found on it from above. ----- Summary: There is nothing wrong with a corrective move in a bull run, healthy corrections are not just normal, they are necessary. No better time to pull back than when the whole market does. With that said, the LINK Marines now need to defend support while ensuring they ultimately move past the All-time high and find support on R1 before heading higher. Resources: cointelegraph.com
by AlphaBotSystem
3
ChainLink formed a Head and Shoulders LONG ($2.22)Fundamental Reason BINANCE:LINKUSD is a coin used for diversification when a dump takes place at the market money of selling Bitcoins flows to LINK. The result is people in fear selling and ChainLink pumping unexpectedly, leaving everybody in confusion. With my experience watching the Link of its creation I think this is the case. Nobody would expect a new pump of Link. Technical Reason On a Daily time frame, Link formed double bottom with Oversold RSI, meaning that an unusual bullish reaction could take place so that the oversold condition recovers. Link's formed an H&S with a target of range between $(2.22 and $2.25). Price just tested $1.89 zone for a conformation of H&S figure. A confirmation for growth will be If Link's price closes a couple of 6H candles above $1.89. Conclusion Link's price will try to reach its H&S target of ($2.22; $2.25). Last weeks the price was on OverSold state on Daily Chart. ChainLink is very often used as an asset for diversification in a time of dumps. Supports - ($1.89; $1.85) Resistances - ($2.22; $2.25)
BINANCE:LINKUSDLong
by Kairos-Alpha
LINK IS GOING ALL THE WAY UP! 7/6 to 7/12Ok now we are going into the next half of the year and link is ALL THE WAY UP! We no thoughts in our mind that this is just some pump and dump. OHH NOOOOO Google won't let that happen and not to mention that link actually solves a real problem. Aside from making smart contracts smarter the oracle network provides a much faster and secure network. Link is without a doubt a SMART investment and most certainly a long term one. Google's stock is currently at $1,132 at the time of this prediction. Now that Google has adopted Chain Link's technology it won't be to long until we see this crypto coin sky rocket!
COINBASE:LINKUSDLong
by ProfxCapital
1