Hello all!
With the crypto-market showing signs of recovery, I've attempted to find quality, undervalued projects that are showing strong signs of recovery. I have previously posted short-term trade ideas for QSP and NANO, but I'm also trying to find some longer-term, lower-stress trades. LINK is looking very promising as a medium-term trade. Let's look at both...
LINK MARINES REPORT IN!
Nah really though, I think ChainLink is an absolute gem of a coin.
ChainLink is trying to be the first decentralised oracle service running on the Ethereum blockchain with plans to incorporate themselves into every smart contract providing service there is. The reason why this is huge is because it is
1) an oracle
2) a decentralised one...
Look at this beautiful cup and handle.
Lets see how it plays out in this actual market sentiment, be careful and dont forget to set your stop loss
Looking forward :)
Let me start off by saying that I am not a financial adviser. You should not take 100% seriously anyone on the internet. So take my advice with a grain of salt and do your own research before investing in any coin.
We are IN the buy zone NOW!
ChainLink is possibly the coolest and most underrated projects out there in the crypto space.
With a market cap of only...
LINK/BTC is showing what looks like a very strong long-term ascending scallop; it wants to go hugely parabolic.
based on the intersections between this fib extension and the scallop's trendline, we have the following targets (in BTC):
0.0001284
0.00018281
0.00027086
0.00035891
0.00041332
trade at your own risk.
Target 1 is ATH at 12000, with a second target around 18800, which is the 1.62 extension and also happens to be based on the depth of the bowl. Nice bullish divergence on the 1D SRSI as well.
Hello Lads,
I've been looking at ChainLink for a while now and I feel like it's a pretty good trade.
I see Chainlink has formed a big cup, all we need now is the handle!
MacD is also looking promising as it's getting out of it's slumber and getting ready to pop.
There are several ways to trade this one, based on risk management.
You can set a buy order on the...
Link has build a very compelling cup. Now, we should see some downside to create the handle. RSI confirms reversal, still waiting on Bollinger bands to confirm.
Long term the price is above the kumo and the Chikou is way above, good bullish signs.
PM me for entries, targets, and custom charts. Also, if you want to learn how to chart for yourself, check out my...
Mid-term formation of textbook cup and handle pattern (bullish continuation pattern), with current 'handle' phase indicating consolidation prior to a likely breakout. Once the current price level breaks out above the 'handle' resistance level, be quick to put your buy orders in before this intergalactic mission gets underway!
Analysis
Initial upward trend...
Chainlink forming the cup and handle pattern, strong support at 6388.;
Needs to finish the pattern before placing an entry order.
Entry order at breakout level.
$lINK is dutifully working on the handle and we should see a nice pop up once it's done with that bullish falling pattern. Chain Link does like its cups...
Strong bullish activity continues for this low market-cap coin.
A break from the upward trend has occurred with daily candle closing above the resistance.
I can see this coin reaching 10.5k sats easily and possibly beyond.
I've been watching LINK since October & it has been relatively quiet however it has been performing extremely well, following trend with low...
Chainlink is moving in a corrective structure since it reached 0.000086 and in case it retraces a little further it will give us the comletion of a bullish gartley pattern with its D point completing into a key support zone.
Sl and tp as shown in the chart. In case price reaches the first tp we better move sl at breakeven at second position.
All the best,
John
