Bollinger bands are horizontal: volatility is stable but we can expect a move up.
LINK seems late in comparison with the other cryptos, and still didn't extract from its BB range in weekly.
RSI is going in neutral zone, but I would expect it to go upon 55.
Volume is decreasing, so I'm expecting a big candle soon.
I would open a long:
Entry price: $2.5088
Chainlink will go down this friday or saturday. As BTC. But don't forget that LINK never followed that much BTC. I expect the same for btc but in a way i think it could be a good idea to diversify.
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Link seems to be preparing for an extensive correction with price already completed a strong impulsive wave and this followed with a completed abc correction.
After the immediate correction towards the point of my immediate support level, price bounced hard again and pull out closed to 100% upward move again which I believe it will trigger a complex correction...
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It is supported by the long-term uptrend line (1).
You need to make sure you can ascend to the main point, 2.5033.
The main points at the current location are 3.1600 and 2.0776.
Most altcoins are affected by the flow of BTC and are gradually losing power.
In this case, you need to be careful about altcoin trading.
CRYPTO TRADER GETS $0.0001 LINK ORDER PARTIALLY FILLED ON BINANCE
A trader who placed an order for LINK on Binance in January 2019, got extremely lucky when the asset flash crashed today on Binance. The trader’s order partially filled allowing them to purchase 900K tokens at $0.0001 each.
A "Set and Forget" stink bid that is over a year old partially filled on...
If the traditional stock market reaches new lows in the coming days/weeks, I expect BTC and the rest of the cryptocurrency market to follow. Link was one of the strongest coins in the past year, I expect it to be taking one of the hardest hits during these times. Let's see.
Chainlink has exactly the same structure as Tezos, which we talked about a while ago on my Trading view profile. You can use these two coins as a trading signal if you control trading Short positions on stock exchanges such as Binance or Bitfinex. You can earn on these exchanges even if the coins are falling, by opening the Short Positions. Or, if you still do not...
If the orange scenario mirrors in the chart we have a good situation to enter the market and get a profit with a retrace.
If the price keep going downward there is also another chance to enter the market on the key level.
At times LINK has been strong during the year but when it drops, it capitulated more than most.
Disappointing it was. When it rallies it rallies well.
My perception is that, like BTC and if you look at many of the ALTS, have the similar ranging price action and many ALTs are doing better than LINK, eg, ADA while BTC moves sideways.
LinkUsdt is currently in the 4th wave of an impulse (downtrend). This 4th wave is not expected to go more than 50% of wave 3. So i would not expect this 4th wave retracement to hit $2.80 and above.
I would expect Link to hit at least $1.50 when it goes into the 5th wave.