$LINK has proven to be one of the most solid investments in the past 2 years.
Showing impressive amounts of resilience and volume above all other altcoins.
Now after this pullback there is a good opportunity for longing, we have the 100 MA acting as support together with supports from previous price highs.
The Ichimoku cloud is bearish but the red kijun line...
LINK has it' s monstrous break-out of the long-term formed trading range, following recent Alts rally and BTC chop price action for weeks.
Is it over and we're due to a solid correction or we're up for another leg higher?
Key things to look at:
- RSI 1D HTF is oversold (however, I never use it as a main indicator)
- we had extremely quick breakout of the...
Be aware I have not done near as much research into ChainLink as I have Cardano. So, this TA is strictly based on Technical Analysis (TA) with my Indicators and Fibonacci without any Fundamental Analysis (FA). I hear good things about ChainLink with Oracle but know very little about it. We will simply keep an eye on the indicators WHILE this goes up to see WHEN...
As you know, ChainLink has eclipsed its previous ATH.
It is possible that it is done, but looks to have more fuel.
Fib extensions indicate $6.2 likely, and $6.75 plausible.
If you see blurry numbers on chart, that is a TV rendering bug.
Click here for a Snap Shot of same, hopefully with clear numbers.
Previous LINK analysis :
$3.75 Tragetted ...
Target if breakout is confirmed= $4.36. Currently lacking confirmation volume but it might not need much volume to reach that target...if it does it could very easily establish a new all time high on the current uptrend.
Daily chart for LINK-USD with TSLA ( Tesla ) overlay.
Quite a strong correlation of price movements between these two assets.
If one of them constantly moves in price before the other, it might be possible to use one of them as an indicator for the other.
Chainlink is the new big thing of this crypto cycle. Decentralized oracles are needed in all kinds of known DLT projects, banking, insurance and derivatives. The network effect is gigantic and easily bigger than the one of Ethereums. This is one of the reasons why Chainlink managed to pump x10 over a bearmarket, while every other alt is still -90%. I plotted the...
Aloha Wednesday Traders! Hope everyone is having a fantastic day today! So much excitement and entertainment in the world these days and so many day trading opportunities in the cryptosphere!
Link is in price discovery and I'm looking to ride the wave a little longer! If we breakout of this ascending triangle with decent volume, then I'm looking for a long scalp!...