Explanation and Fundementals:
Chainlink is a decentralized oracle network providing secure decentralized blockchain agnostic services to both public and private blockchains. The Chainlink network token is used to pay for jobs and as collateral for services on the network. Currently the network secures roughly the equivalent value as the LINK token market cap,...
I tried to be as clear as I could with the takeaway message of this ratio chart.
When you get to the top of the channel (red bubble), it's typically a great time to sell LINK and buy BTC. When price gets to the bottom of the channel (green bubble), it's typically a great time to sell BTC and buy LINK.
Suffice to say, I am using some of my BTC profits to scale...
Setup for $LINK. It seems to hold pretty well last night while other alts went lower again. Retest of bottom #trend line, then up and need to break through upper trendline and retest that #resistance there between 68 and 70k before another upward is possible.
If it cant hold bottom trendline, there is down movement towards mid 50s
Again let me know your...
Link has been gaining on Bitcoin lately, and really, Chainlink has been gaining on BTC since it's inception years ago. One of the few coins that has years of macro upside against BTC. Today this chart notes current resistance levels to watch in the next several weeks to months and I do think LINK will continue it's trend up over the coming years.
I believe and hope that RSI support in the right picture are in progress. If that's going to happen, we going to see a very nice new ATH till April next year.
BTC must behave and finish fast this strong correction. We need that!
This is not a financial advise, just my personal opinion!
LINKBTC has broken and closed above the neckline of the W bottom pattern, indicating a local bottom with potential for price to head higher. As a result, Im taking a long position, which I might build into a longer term and larger hodl position if markets start to recover broadly.
Hey guys, today we are taking a look into Chainlink.
First you must admit, if you follow some traders on twitter; #chain has a verry strong and loyal community.
A lot of traders are looking for the 50$ range as an emotional target.
What does the chart say?
Currently we are at my MA resistance and also we have bullish crossing buy signal on my MACD.
LINKBTC is testing the weekly resistance inside a descending channel. IF the price will have a breakout upward, According to Plancton's strategy (check our Academy), we can set a nice order
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure...