Chainlink slammed into the Resistance Zone after a beautifully executed measured move up. We're now in a minor pullback hovering just below resistance. Should we enter a trade here?
How do we trade this?
This is not the right moment to enter a trade. The price action screams bullish; A measured move up, showing support on the 30EMA, RSI around 50.00 with plenty...
Buying #LINK/USDT (SCALPING)
$LINK reject after hit resistance neckline double bottom and back to retest on demand Area . any bullish candle rejection on 4h timeframe , so potential back to try breakout the resistance
Buy zone : 6.7 - 6.3
Target : 6.96 - 7.43 - 7.88 - 8.55 - 9.38
Stop : 6
LINK is building a symmetrical triangle pattern on the 4 hr chart.
Depending on the overall market mood and BTC movement, can break to the upside or break down to continue the bearish trend.
Hoping for the upside.
Picked up some CHAINLINK for the mid-term during the dip at 31 USD.
*A symmetrical triangl e chart patter n represents a period of consolidation...
We can see pretty nice bounce at Fibonacci retracement plus pullback from main trend line. LINK recovered very quickly. We made higher low, so the upward trend will continue.
ChainLink is bullish as hell.
From a closer view and taking into account our last update (see attached idea with green RSI arrow and do not forget to give a like), millions of scenarios although the ones I like the most are these:
1.- The price action breaks the resistance at 4.09 and continues to rise to the next fib level, at 4.73
2.- The price cannot break and follows the lateral trend of...
Set Protocol, a DeFi-native investment platform, has added a new token set that rebalances between Chainlink’s LINK token and stablecoin USDC .
The efficacy of the strategy is dependent on ChainLink’s very own oracles.
The token has appreciated by approximately 130% since December 2019 & LINK strategy is signalling more long.
