See chart. Lots of hopium.
Bullish cyhper, ichimoku looks good for a reversal to a sustained up trend.
Zooming out: there's a formation of an inverse head and shoulders. If wave 4 is a throwback on the H&S, wave 5 could extend to hit the H&S target. Of course this is all very speculative. Just ideas of a green future.
LINK is moving on long term trendline which proved to be strong in the past. Above $20 level, LINK should get more strength, opposite, below trendline, the price will turn bearish. It is trading from oversold position, which is good entry point for accumulation. RSI momentum indicator is rising and closing on 50 level, indicating bulls are gaining on strength....
Zooming out to a seven-day period, most altcoins in the top 20 by market cap had outstanding returns and most of them outperformed Bitcoin. BTC.D dropped some 5% in last week, hinting a trend of swapping BTC for altcoins. LINK was one of them with massive 100% gain since 21st of July. The price skyrocketed at a breakout from falling wedge (red doted line).
The...
Looks like link will finally break out of its ascending triangle and go to new glorious all time highs.
Defi is gaining new traction and hype, most of Defi will need to use Link or alternative oracles.
China's BSN, or Blockchain Service Network is also Integrating Chainlink oracles.
Good times ahead
There is only two ways for an asset UP or DOWN
LINK is in a solide uptrend for years now.
After the last run up from 0.5$ to 4.5$ the coin has been ranging sidways...
All range must come to an end eventually either breaking up or breaking down.
The momentum of this coin is strong with no setback visible as of now.
I think this is an accumulation ragne until the...
Chain link making an interesting pattern over and over again, creating a big of the same pattern in thus creating a reverse head and shoulder
breaking the 3.20 mark would be an epic move to the upside
Chain link faisant un motif intéressant encore et encore, créant un gros du même motif en créant ainsi une tête et une épaule inversées
Briser la barre des 3.20$...
looking like we are in a nice triangle bin long for a wile ,might see a future divergence then a cup and handle .
chain link has bin running hard be nice to see this-cool down , seem doing its own thing
Daily Bearish Divergence on Link at a critical fib node. It is playing out as we speak. I don't recommend going short right now. But the best possible trade set up right now is at the pcz of the potential Bullish Cypher if we could ever get there. Risk/Reward and Exit/Stop's are depicted on the chart.
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