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Chainlinkusd

LINK/USD, FOMO is Still in the AirMy Last Analysis on LINK/USD, has reenacted somewhat similar, and I pulled out at 7,1ish. Overall I don't think greed for LINK/USD is not over yet and FOMO is in the air. I advise we all just stay calm and be rational, LINK just reached its all-time high, it doesn't sound logical that it will go any higher in upcoming weeks. I would say a ranging market to appear would be more logical if LINK able to maintain its value than going on a higher price. For those that wish to trade in the current situation, you are welcome to use this as your references: From here we could identify 3 key levels for LINK; 8,1ish, 7,6ish, and 7,1ish. Here another bonus
by RX_Wolf
Chainlink Vs. USD - 3 Day Chart, TD Set-up, & Swing Trade IdeaThe 3-day chart is the Golden Chart for Chainlink vs. USD at the moment. The TD indicator has lined up multiple TD 9 tops that have predicted 2 to 4-day pullbacks, and then set up a run for new all-time highs. We have just printed another perfected TD 9 candle and are currently on our first 3-day red candle. I would anticipate another one to three 3-day red candles before we set up for another TD 1 to 9 candle run leading to new all-time high prices. The .236 Fib level looks like a likely target for the LINK price to pull back to. That price is currently around the $7.2 USD range. If support is held at the .236 Fib level, that is an indicator to average into a swing trade position. If the .236 Fib level is broken, look to the .382 Fib level for the next support level where the price will be around $6.5 USD. Also, the RSI adds support to this idea as it is extended into the overbought range and has recently begun to head lower as the last rally has sold off. Watch for the RSI to reach the 61.26 level as that seems to be an important support & resistance zone. If it reaches that level and treats it as support, that should give a buyer confidence to begin averaging into a new swing position. The TD Sequential set up, along with the Fib & RSI support levels on the Chainlink vs. USD 3-day chart are telling a rather predictable story for future price movement. I like this set-up for a new swing trade (or long term hold position) given the overall bullishness and high trade volumes as of recently for Chainlink. I believe the crypto-asset will be another winner giving investors multiples on their investments if purchased at these levels.
COINBASE:LINKUSDLong
by BitInfo12
2
CHAIN LINK / USD - is it time to sell yet?Hello, Traders! Today, I'm going to show you the trend I followed with the CHAIN LINK. LINK has been one of the fastest-growing cryptocurrencies of 2020, but will this growth continue? Various indicators are stating that the growth will continue and that this move down is simply a retracement. Continued buying suggests continued bullish movement is ahead with the RSI (Relative Strength Index), showing that the trend is still very much bullish. LINK’s trend magnitude is significant, with the RSI over 60 for the whole of July. On the contrary, the Heikin Ashi is pointing towards a period of downwards movement. This is seen with the most recent Heikin Ashi candle being red, suggesting that a retracement may be in place. If this downwards movement continues it would see the SAR (Stop And Reverse), a momentum indicator, flip. This would suggest that the momentum has switched from bullish to bearish. The gap between the SAR line and the candles is very small, the wick of the recent downwards candle is almost touching the SAR line. It is important to note that with strong trends, the SAR is a very effective indicator. If the SAR did flip then a retracement would be highly likely, although to what extent could be indicated with the BBs (Bollinger Bands). A retracement would likely see LINK test the median line (red line) of the BBs. If this occurred LINK would fall to around $6.5 USD, a 17% loss from LINKs current position. Overall the indication is that the bullish movement will continue. Some indicators are suggesting that a reversal will occur, opening up a potential dip buy opportunity, before the further price increase. The overall trend remains bullish. Will the market dip this week? Good luck and keep up with the market!
BINANCE:LINKUSD
by UnknownUnicorn10064030
3
Chainlink may be approaching a correction at $9.29Chainlink has been on an incredible run as of late, and I’ve been looking for patterns to predict when this may finally reach it’s peak and enter a correction. What I’ve found suggests we may see that peak around $9.29298 . Looking at the 4 hour chart it seems as if the current uptrend is on the 5th wave of a 5 wave Elliot impulse wave pattern. The current trend starts at $4.89293. In order to estimate where this may end, I applied Fibonacci lines such that they line up with support and resistance levels that have already occurred. I came up with the following 5 waves (white lines in the chart): Wave 1 meets resistance at the 0.382 fib line. Wave 2 finds support around the 0.236 fib line. (Here, the chart toggles between using this as support, then resistance, then finally support to head further up as wave 3). Wave 3 meets resistance at the 0.786 fib line. Wave 4 finds support around 0.5. We are currently in wave 5. Wave 5 did show two shooting star candles (bearish) at the 0.786 fib line indicating it was possibly going to hit resistance there, but it seems to have pushed on past. The current 4 hour candle looks to be sitting comfortably above 0.786 and using it as a new support. If this candle closes up, I would expect one last push to the 1.000 fib line which lies around $9.292928. I would then expect a correction to start. There are also wave-in-wave patterns that increase my confidence in this model and I’ve noted these below. (Note, for the overall wave pattern, I have used thick white lines. For the smaller wave-in-wave patterns, I have used thin green lines during the uptrends and thin red lines during the corrections): Within each of wave 1, 3 and 5, we see smaller underlying 12345 Elliot wave patterns. These are marked with thin green lines on the chart. Within waves 2 and 4 we see Elliot correction waves. These are marked with thin red lines. Notably, wave 2 has 5 waves within it, whereas wave 3 has 3 waves within it. This follows and alternating harmonic pattern that can be seen when comparing successive correction lines. In summary, several patterns suggest that we may enter a correction around $9.29298 . We should be watching for candle patterns indicating a possible reversal at that level. This may be an ideal time to sell and protect profits, then wait for an entry point during the ensuing correction before buying more and riding the next wave up.
COINBASE:LINKUSD
by tarbh
2
Chainlink Stairway To Profit Heaven Once a coin breaks its previous ATH (as LINKUSD did recently) and enters 'price discovery mode', traders ride it all the way up, either hodl-ing or scalping (small time-frame swing trading), until price goes 'vertical' (parabolic) and market movers decide to take profits... At that point we typically see a long wick, perhaps followed by an indecision candle (small body with long upper and lower wick). Followed by price decline. Is that what LINKUSD looks like right now? Definitely not. At this point, we expect the stair step progress to continue with LINKUSD looking ready for another leg up.
BINANCE:LINKUSDLong
by Sparkster
2
Link ChatIm not going to speak like all the confident traders making bad calls but this is one way I see it This is another long term way I see it. The big question is. are we hitting 10 bucks or not. We got whale alerts. we got 2020 doing thangs. we got partnerships. we got greed. we got fomo. we got mistakes to learn from. im selling 33 percent at 8.50 15 percent at 9.00 15 percent at 9.40 15 percent at 9.98 and piss the profits I could be using fo taxes that reminds me. today is the last day to get them in. cheers.
BINANCE:LINKUSD
by eriCrypto
ChainLink Update...Still on the Sideline.BINANCE:LINKUSD Still patiently watching Link since my potential short set up idea; A very crude head and shoulders pattern forming at key resistance zone. Trend line could be close to breaking. Before taking any trades i think we need to see some kind of decent move in either direction. Shorting here with so much buying pressure close to our entry doesn't not offer great R:R potential and longing into key resistance does not appeal to me. A substantial break out above it and longing a retest of structure above it does. For now Link is still on my watch list while i keep my fingers away from buy/sell buttons :) For spot buying Chainlink to add to my stack I'd try and stay patient and wait for a retest of low $4 range. My previous potential short;
BINANCE:LINKUSD
by AmpFury
3