Plausible play outs based on chart hidden bullish divergence in any case it will at most going to double top before ATH is reached and search for new lows overall bearish But im bias, chainlink has been being shilled for so long, at this point its over bought IMO.
LINK/USDT chart update LINK looks bullish but overbought. These are areas of potential bounce: 2.45 (very bullish) - 2.35 (bullish) - 2.22 (in this case safe bounce only till 2.35). For bullish bouce zones it make sense to hold for longer time, as we may expect it to grow towards 3-3.2$
Hello Traders, ChainLink made a nice correction in 4h time frame, now is a good opportunity to look for buys!
Best coin 2019, professional shilling right here. Buy now or be a pleb for life.
I think that next stop is at 0.618 Fibonacci line, which in 3-day graph should put us roughly at $ 2.0400 mark. Which may not hold if BTC moves even lower to around 8300-8100 usd level. If that happens we will definetly see LINK at $ 1.7 or lower. MACD Indicator is showing us, that we are about to cross down from moving average, which is not a good sign. But...
Ofc there will be some up movements but long term view does not look good at all. She has to correct and go back to value and where buyer are waiting. She was just hyped to much for something that has not a single use case next to speculation atm. Increased supply through Link team flooding market with there own tokens also not helpfull. Back to reality.
Simple long term prediction for Chainlink
Bears have the momentum after breaking out of this Equilibrium pattern with lower highs and lower lows.
The LINKUSD chart has printed some Elliot Wave & Fib Retracement structures traders can only dream of lately.. I originally looked to buy a pull back when LINK took off in early May and i had the ~$80 (.618) penciled in but wasn't paying attention and miss my opportunity and felt it was too late to try and catch it.. Right now is an opportunity to buy the start of...
This in our honest opinion is more of a long term investment and the TA on this chart is from a few weeks ago, but this has majorly retraced due to the pump with the fundamentals. It has some outstanding products and is a serious contender to do well long term, as an ALT coin it has pretty much everything. All you need is a good entry point. Seems like we are...
If Elliot Wave Theory plays out the way it should LINK could have one more leg up. Currently sitting at previous resistance and 0.618 Fib level which is positive BUT we are getting bearish divergence meaning this crazy run could be running out of steam. MacD has also printed a bearish cross with plenty of room to run to the downside. Only time will tell.
Next stop either 78.6% retracement or a bounce since we're at the golden pocket @ 61.8% retracement.
LinkUSD has been by far one of the best performing cryptocurrencies this year, with one of the best teams and projects out there this is a solid project LONG TERM, but right now is showing some bearish signs for the SHORT TERM. After the massive uptrend for the last few weeks, Link has started to fall and the previous area of support around 3.20, has been...
Watching tonight/tomorrow - Large buying coming in w/ technicals improving. Being added to BitMax tomorrow - hope that brings some volume / upward momentum. Crypto still is hard to predict but my small investment is LT so will take the punches as they come. Add on dips but that support looks like it's holding so will look to add in that zone here and there and...
LINK is still moving downwards. Not enough action to make it pop. Let's see if our trusty triangles give us some insight here. Help me out and hit the like button!
I will preface this that this all of this can and will be invalidated if BTC activity changes drastically and brings down the market with it (or breaks the trend I show above). Several analysts predict it'll go down, question is - will it bring down other altcoins with it? I looked at previous patterns, and the current = $LINKUSDT / $BTCUSDT pattern. I'm leaving...