ChainLink, one of the strongest crypto assets over the past few months, has found support at 0.5, rebounding several times on solid volume.
Obviously BTC is the major factor here, but now that it’s holding in the mid-5,000s a retest of 6,000 is a strong possibility. That could be the catalyst for LINK to retest the highs at 0.63. Below 0.5 all bets are off.
Price bouncing off support and breaking out of the triangle. Bullish VFI and directional indicators suggest an uptrend to follow. Consider scaling in long with stops at .48
Consistent pattern of consolidation -dip-rally. I'm using the heikin ashi candles to determine entry. Consider scaling in long on the next green candle then set stops just below the nearest red candle.
ChainLink found the bottom at $0.16, but while approaching that level, RSI has formed a bullish divergence suggesting change in trend. Price then moved up and broke above the descending channel, downtrend trendline and the 50 Moving Average
This looks like a strong indication that the uptrend has started, especially after LINK/USD broke above 61.8% Fibonacci...
Hi friends , 4h chart, today chainlink ! it' s a very nice & promising project , but well unknow , today and days to come looks a good entry point for short or long term .
We got a little nice ascending triangle , a not to old bullish divergence on RSI.
The crucial point will be on MM and resitance blue line at green point (1) in yellow circle zone
- if it fail...
Looking at the Fibonacci and RSI, it appears that it's looking for support, maybe at the $0.26 level? Or is it going to test lower at $0.14. I will be checking the RSI to see when it's oversold... close now I think at $0.26.
I don't expect the $0.14 level, but who knows with Crypto! I think ChainLink is a quality project, so I'm not worried. More so, looking for...
So what we have here is the corrected ascending channel following the 3 month falling wedge . We see in the chart that the ascension is following a growth rate of 1% - 2.5% daily if the USD price follows the channel which it seems to have done so far. Over the coming days and or weeks we will hopefully see a price increase from .28 cents USD (at breakout) possibly...
So what we have here is the corrected ascending channel following the 3 month falling wedge. We see in the chart that the ascension is following a growth rate of 1% - 2.5% daily if the USD price follows the channel which it seems to have done so far. Over the coming days and or weeks we will hopefully see a price increase from .28 cents USD (at breakout) possibly...
FUNDAMENTAL :
Chainlink is developing the off-chain structure,that is connected to a specific resource/API. In my opinion, this will be the next big thing of 2018, when all the Ethereum based tokens will go online and the on-chain system will be overloaded. People are buying blockchain/infrastructure tokens as the next big thing (e.g EOS,RCHAIN,CARDANO etc) but,...
