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ChainLink / USD Coin

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LINK on long term trendlineLINK 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. MACD is also picking up, although still in negative territory. Intraday chart is still choppy and I’m waiting for a breakout on which I will take long position.
Long
by Tilen_tradershub
LINK will lots of room to the upsideZooming 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 falling wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a zone that slopes down as the reaction highs and reaction lows converge. In contrast to symmetrical triangles, which have no definitive slope and no bias, falling wedges slope down and have a bullish bias. However, this bullish bias cannot be realized until a resistance breakout occurs. LINK is bullish in higher time frame but needs to break above major resistance at $30.20, after that the price will accelerate. On daily and weekly chart, the price is forming a large wedge, which could play out somewhere around $80-$100 level (green box). It’s still too soon to call it, but that’s something I’m looking at in higher time frame. Lower time frame is choppy, but still bullish. If BTC stays bullish or flat (just not sudden drop), then LINK should outperform. $30 is my fist TP, followed by $35 and $52. Ultimate target would be green box; 80$ - 100$, which could be reached in next several months. Supports are at $23, $15, and $13.350
Long
by Tilen_tradershub
2
CHAINLINK (LINK) /USD : I think of a new ATHThere is only two ways for an asset UP or DOWN LINK is in a solide uptrend for years now. After the last run up from 0.5$ 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 next move higher. If the coin can trend above the last known resitance (2.82$) I expect new ATHs this year. As the trend develope I will keep you fully updated. disclamer: this is not financial advice and everyone involved in trading activities should know how to properly manage risk.
Long
by DecisionDoji
3
Link Potential Bullish CypherDaily 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. Twitter: twitter.com If you want to be a loving supporter of me and my "ChArtworks" $BTC: 35tmT7MAQXZm7rr1KzZMWNRpN2iyrnSB4z $LTC: LVfCT9fu4dYyFAo5cW5xLrzHZHWFoG85hn $ETH: 0x390d207b9bde62f2806caddfb94809de61da50d9 $x42: XZXm43FJcZHEVNs9dh8mdfzWyY6VfmJvPc Donations are never required but they are greatly appreciated! Your Supportive comments and follows are just good enough too :D <3 Join the best Crypto and Technical Analysis Community in the world! Discord: discord.gg (Mitch Ray's Channel) Amazing community and I highly recommend checking out Mitch Ray if you haven't yet!
by ChArtWorks_TechnicalArts
3