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CHAINLINK 🟩🟨🟥 Marines + China + Blockchain. Need we say more?💬Chainklink ($LINK) has had some bullish news recently as word spread that China’s Blockchain Service Network (BSN) integrating Chainlink’s oracle service. Despite the bullish news, LINK also just recently hit resistance and moved lower as the broader market dropped today. Let's take a look at some levels for LINK to get a sense of how the current correction might play out. Hit that button to show support for the content! Help the community grow by giving us a follow ----- Support: S1: The S1 orderblock formed from price inefficiency on the way to the previous all-time high is the first support for the LINK Marines to hold. A reaction here and then a retest of R1 is a likely scenario. S2: The S2 S/R flip and orderblock cluster is a logical level to hold if S1 can't. There is some solid support here and we expect to see a major reaction if this level is tested. S3: The S3 orderblock is the last hope for the bulls. While ideally this isn't tested, a move lower breaks the uptrend, and S1 - S3 failing show weakness. The Marines need to defend this level, but bulls generally need to be cautious here. Resistance: R1: The R1 all-time high is the most logical point of resistance. This was the level LINK just got rejected at, and it will almost certainly come into play again. What the bulls want, and what the bears don't want to see, is a breach of R1 with support found on it from above. ----- Summary: There is nothing wrong with a corrective move in a bull run, healthy corrections are not just normal, they are necessary. No better time to pull back than when the whole market does. With that said, the LINK Marines now need to defend support while ensuring they ultimately move past the All-time high and find support on R1 before heading higher. Resources: cointelegraph.com
by AlphaBotSystem
3
ChainLink formed a Head and Shoulders LONG ($2.22)Fundamental Reason BINANCE:LINKUSD is a coin used for diversification when a dump takes place at the market money of selling Bitcoins flows to LINK. The result is people in fear selling and ChainLink pumping unexpectedly, leaving everybody in confusion. With my experience watching the Link of its creation I think this is the case. Nobody would expect a new pump of Link. Technical Reason On a Daily time frame, Link formed double bottom with Oversold RSI, meaning that an unusual bullish reaction could take place so that the oversold condition recovers. Link's formed an H&S with a target of range between $(2.22 and $2.25). Price just tested $1.89 zone for a conformation of H&S figure. A confirmation for growth will be If Link's price closes a couple of 6H candles above $1.89. Conclusion Link's price will try to reach its H&S target of ($2.22; $2.25). Last weeks the price was on OverSold state on Daily Chart. ChainLink is very often used as an asset for diversification in a time of dumps. Supports - ($1.89; $1.85) Resistances - ($2.22; $2.25)
BINANCE:LINKUSDLong
by Kairos-Alpha
LINK IS GOING ALL THE WAY UP! 7/6 to 7/12Ok now we are going into the next half of the year and link is ALL THE WAY UP! We no thoughts in our mind that this is just some pump and dump. OHH NOOOOO Google won't let that happen and not to mention that link actually solves a real problem. Aside from making smart contracts smarter the oracle network provides a much faster and secure network. Link is without a doubt a SMART investment and most certainly a long term one. Google's stock is currently at $1,132 at the time of this prediction. Now that Google has adopted Chain Link's technology it won't be to long until we see this crypto coin sky rocket!
COINBASE:LINKUSDLong
by ProfxCapital
1
XRP/BTC - UAE Central Bank Block Chain Partnership Announcement I am slightly shocked that there are very few charts dealing the latest announcement with Saudi Arabia's Central Bank signing a partnership deal within the last 24 hours. This is a MASSIVE bull FLAG as an early indicator; especially given XRP's prevalence of professionalism and partnership with major global banks. This is huge in my opinion. My chart may not be reflective of actual movement, as it can be so difficult to ascertain future price movement when such big news comes into play. For this reason, I am coming from a more fundamentalist point of view, with a few technical indicator and techniques used to add validity however; i expect a mammoth spike in price, with a HUGE bull run, and incredibly hard to predict, I feel at this moment; historical candle trending combined with levels of support, resistance and fib levels, amalgamated with fundamentals, is the best way forward for now to get a handle and prediction on anticipated valuation on what WILL be a significant price break out. The last pennant highlighted in red continued on to a bearish trend however; the current trend, is staying within the larger pennant with the exception of a few candles leading astray out of the pennant, only to quickly return. Again, there a signals EVERY where. Do not MISS this/
Long
by cryptodisciples
HSR Uptrend and good news!I do my own research and TA, don't invest if you did not do you own research. I am up for ideas and feedback! MACD looks promising, RSI looks pretty good too, EMA 55 on 3 hours chart about to cross, shorter charts already crossed and supposedly 4 hours Chart will follow within the next hours too! Additionally news for HSR: - Hcash Main Chain will be launched in mid-February - The UBTC airdrop for HSR holders The block-height of the HSR snapshot will be the block at 12:00 UTC on the 1st day of each month, starting 1st of March! We still have plents of room up! I am positive and thankful for negative and other feedback :) Entered @ 0.001330
H
by FloTi