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Chainlinkusd

Link 1D Will investors be allowed to enjoy the mark $5?Anything that is growing rapidly is doomed to an equally rapid fall. It is happened with Link , the coin which grew without stop and without corrections on various news, mainly from the Defi direction, entered the correction phase. We expect this correction to be at least to the level $7.00-7.20 , where was a temporary stop at the previous growth. Further, there is an assumption on the chart how the price can move: it is a correction of the fall to $13.50-16 and a further fall to $4.30-5.00. However, after each low and high point, we need to recalculate for more accurate targets. We will make updating under this idea. Although, to be honest, the money men who pushed the price up bought Link for at least $1.7-2.7 or even cheaper. It is in this zone that there is a natural market interest in buying coins. __________________________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier.
Short
by P_S_trade
1
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--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
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.USDT (Y20.P3.E5.v2).Getting ready *** This is a continuation of the previous post, link below *** Steady as it goes, still waiting for that BTC to find its support base. 11,050 to 11,150 is the next layer, after that, 10800'ish. As I stated in the past posts, its likely BTC will descend slowly and boringly, ranging until it makes its next move. During that time, its likely the ALTS will continue some upward momentum. Based on the BTC dominance chart, it to is moving sideways. Hence LiNK has found support around the $12 from the $20 time high, so a significant pullback has happened. My theory for now is that this is a re-accumulation point. I do have 2 scenarios, the other is the chart below, based on the LIVERMORE chart structure. One good thing going for LINK is the reveral on the Phoeix indicator however both need to be above 50% before we can feel confident that momentum to the upside is back. Regards, S.Sari Overview: Wave 5 completed, ABC correction in place, now has this completed? The 1 to 15 stages are based on the LIVERMORE chart. LIVERMORE chart alignment Note on the 8 hrly and daily chart, we have the RSI point of bullishness broken. Not a good sign. PREVIOUS POST.
Long
by ssari
2
LINK.USDT (Y20.P3.E5).Rare Gems.No.1.Get ReadyHi All, Ref B/Chart Target 2 on my chart has been hit with a good response. Hence it leaves me to believe that this can be an area of accumulation and most probable for BTC the equivalent. The formation can be a bull flag. If it is to be an area of re-accumulation, I anticipate that both BTC and LINK will be holding up the price for a few days. Come Monday or Tuesday, it will be interesting to see what happens with the SP500. If it starts to go up, understand BTC will as well. As per my SP500 post, if it heads towards the average of the channel, then I see BTC testing 11150 and possibly 10850. Today I did buy some LINK with some hesitation as its a key level just like for BTC. PS. I read something recently that said, if the pullback is 40%, its would be normal for a bull trend. If its 50%, then that's too deep and will likely go back to where it started the trend, that is Target 3. Now its a matter of watching and potentially buying up more if its starts playing out as I described. All the best, S.Sari. High level view looks like a bump and run structure being setup. (BULLISH) PREVIOUS POST
Long
by ssari
2