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LINKUSD.P trade ideas

LINK: reversal is on hold?LINK continues to follow the general market trend. During the previous week, the coin started with a short reversal, after reaching a clear oversold market two weeks ago, however, the coin did not manage to sustain new levels and reverted a bit back, to the levels from the start of the week. Highest level reached during the week was the $8 long term resistance line, while the coin is finishing the week around $6.8. Charts show that RSI is still not ready to exit the oversold market, although this indicator started this road in a quite shy manner, by reaching level of 34. Moving averages of 50 and 200 days continue to move as two parallel lines but this time with a clear down trend. Technical analysis is pointing to the probability that LINK might head toward the $8 long term line to test this level one more time in the coming days. There is currently no indication that this line might be breached to the upside. On the opposite side, if selling orders emerge, LINK might turn to $6 support line. Disclaimer: This article provides exclusive views of the author. It does not in any sense represent a suggestion for trading.
COINBASE:LINKUSD
by XBTFX
Chainlink bullish post recessionThe Chainlink ecosystem has backing from strong investors and because of its track record of surviving an strong downtrend in 2018-2019 could Chainlink be a sleeper pick for the next bull market post this current recession. Chainlink is a blockchain oracle built on Ethereum and is therefore an important technology in the blockchain world and it could therefore be a long term stability and long term validator for the future. So even if the price of Chainlink would drop massively would this coin not crash as the technology and its fundamentally strong product.
COINBASE:LINKUSDLong
by vf_investment
2
LINK: start of a short reversal?Prevailing selling orders from two weeks ago, just continued their trend in an environment of negative market sentiment. LINK started the previous week around $10 short term support line, and continued the bearish trend down to the level of $5.3. Since a clear oversold market has been reached, the coin started its short term reversal, finishing week at $7.2. RSI was moving the whole week in an oversold territory, where it also finished the week. This increases the probability that the coin will start a stronger reversal in the coming days. At the same time, the moving average of 50 days is slightly moving away from its 200-days counterpart, indicating that the golden cross is still on hold. Long term support line for LINK stands at $8. This line has been broken during the previous week, however, the coin is heading toward this level. Whether there will be strength for a move above this line will depend on buying orders on the market. In this case, LINK might try to reach the previous level of $10. On the opposite side, the level of $6 might be tested for one more time. COINBASE:LINKUSD
BITSTAMP:LINKUSD
by XBTFX
5
Chainlink long term perspective The blue line is Bitcoin from 2015-2019, you'll notice it's not exactly the same but very similar. A lot of people are in complete fear right now and I think this chart gives some perspective as to the current opportunity. If price action for LINK is anything like BTC, we should see an accumulation range for the next couple months before the start of a new bull trend. Granted it is slightly different with the Fed undergoing monetary tightening, but I still see chainlink as an extremely undervalued, highly utilized and intrinsic part of blockchain technology going forward. Don't fomo or run away from fear, this is most likely a time to be accumulating over the next several months.
BINANCE:LINKUSDLong
by kg_sol
4
LINK, Sometime simplest analysis works the best !Making complicated analysis does not make anyone a genius ! Sometime simplest analysis works the best ! This type of publications is not my ideal and usual one but everybody knows that following the trend is the base stone of every trade ! If we can not detect the direction of the market correctly we have no way but embracing painful losses !. LINK, when we look at weekly time frame, has clearly broken up trend support line, made a pull back and resumed it's down side move. I am not going to reveal my down side target for Link in this publication since this idea is not about relation of waves and target analysis. It is just to remind that " Trend is our best friend " in the market. Good luck everyone.
COINBASE:LINKUSD
by SaeedSajedi
6
LINK at Crucial Support. What to do!LINK broke $10 important support in relatively high volume. Entire crypto market is in panic, a beautiful indication that we are approaching the bottom. • To begin the uptrend LINK needs to regain, in a short period of time, $10 level. • I don’t suggest to short LINK now, cause it’s already near to a bottom. It’s wise to wait for a break and test $7.50 as resistance before taking a short. • You can add some LINK in your HODL portfolio at $7.50 only if you are intent on holding them, even if it goes below $4.90. Stay out of leveraged trading, market is too risky and volatile. Thanks for reading this! Remember investing is a probability game. Not a financial advice. Always do your own research. Follow for more reports & press the like button if you like this.
KRAKEN:LINKUSD
by Rhaonnor