Not too much to say since the chart speaks for itself. If Chainlink manages to stay inside the current fib channel, we could reach anywhere from 100% to 200% gains before Christmas. I'm long again since $12.25 and plan to stay that way for at least the next three weeks.
PS - I'm new to TradingView and publishing my TA publicly, so let me know if you see something...
Sentiment went from ATH at 20 doll to in the dumps...overall lots of stuff happening right now, ie US elections and coronavirus. Countries are starting to tighten travel restrictions and some are outright shutting down. Chainlink certainly fell victim to a euphoric ride to the top by the crypto twitter bulls. The buying power fell however was supported heavily...
So everyone knows about chainlink buy now unless your living under a rock, but if so thats ok, heres some quick and easy buy and sell zones to keep an eye on.
everytime the RSI is over sold it tends to be a great buy time or DCA (dollar cost averaging) in. also around the bottoms before next run MACD seems to be a little laggy but histogram is right on.
Please feel free to share your view on this pair down below in the comment section. I'm more than happy to be challenged and have an interaction on this idea.
Also make sure to leave a like as it helps me out a lot!
Hey friends hope you are well and welcome the new update on Chainlink DeFi token.
On the daily time period chart the priceline is moving in a down channel.
The price action of LINK is rejected by the resistance of channel and 100 simple moving average at the same time. The priceline is already moving below the 25, 50 and...
The priceline of ChainLink is completing the final leg of bullish BAT, the targets as per the Fibonacci sequence of BAT are:
Potential reversal or buying zone: $7.17 to $5.53
Fibonacci projection or sell zone: $11.10 to $17
Atif Akbar (moon333)
I am very drawn towards a crypto bull run at the end of this year into the start of next year.
I have given a view on BTC to aid my bias for a bull run. It has broken important structure and I am waiting for it to retest the broken structure. This leads me to look at ALT coins because we know that BTC rules the market, what BTC does the other follows.
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...
Sideways chop followed by breaking through of the descending resistance line. Re-test this then you are looking at 20 dolla real quick. It will be psychological barriers thereafter... $25, $30, $40, $50 etc.
The Content is for informational and entertainment purposes only, you should not construe any such information or other material as legal, tax, investment,...
** 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...
Here on link we can see clearly a breakout, and retest of horizontal level now support, h1 ma are now supporting moviment higher, 20 is possible!
Btw long signal active on h1 that catched every dip on this buy the dip season!
**** This is a continuation of the previous post, link below ****
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.