Price bouncing off support and breaking out of the triangle. Bullish VFI and directional indicators suggest an uptrend to follow. Consider scaling in long with stops at .48
Consistent pattern of consolidation -dip-rally. I'm using the heikin ashi candles to determine entry. Consider scaling in long on the next green candle then set stops just below the nearest red candle.
ChainLink found the bottom at $0.16, but while approaching that level, RSI has formed a bullish divergence suggesting change in trend. Price then moved up and broke above the descending channel, downtrend trendline and the 50 Moving Average
This looks like a strong indication that the uptrend has started, especially after LINK/USD broke above 61.8% Fibonacci...
Hi friends , 4h chart, today chainlink ! it' s a very nice & promising project , but well unknow , today and days to come looks a good entry point for short or long term .
We got a little nice ascending triangle , a not to old bullish divergence on RSI.
The crucial point will be on MM and resitance blue line at green point (1) in yellow circle zone
- if it fail...
Looking at the Fibonacci and RSI, it appears that it's looking for support, maybe at the $0.26 level? Or is it going to test lower at $0.14. I will be checking the RSI to see when it's oversold... close now I think at $0.26.
I don't expect the $0.14 level, but who knows with Crypto! I think ChainLink is a quality project, so I'm not worried. More so, looking for...
So what we have here is the corrected ascending channel following the 3 month falling wedge . We see in the chart that the ascension is following a growth rate of 1% - 2.5% daily if the USD price follows the channel which it seems to have done so far. Over the coming days and or weeks we will hopefully see a price increase from .28 cents USD (at breakout) possibly...
So what we have here is the corrected ascending channel following the 3 month falling wedge. We see in the chart that the ascension is following a growth rate of 1% - 2.5% daily if the USD price follows the channel which it seems to have done so far. Over the coming days and or weeks we will hopefully see a price increase from .28 cents USD (at breakout) possibly...
FUNDAMENTAL :
Chainlink is developing the off-chain structure,that is connected to a specific resource/API. In my opinion, this will be the next big thing of 2018, when all the Ethereum based tokens will go online and the on-chain system will be overloaded. People are buying blockchain/infrastructure tokens as the next big thing (e.g EOS,RCHAIN,CARDANO etc) but,...
Quick post on Link upon request! - Have a look at this crazy graph of LINK versus the Dollar. Nice curve up. Bloody curve down! Seems like we just hit the 78,6% Fibonacci retracement and we have another strong support beneath that as well. And as is quite obvious, the curve is about to end where we are now... So yes, LINK is flirting like hell with both the end...
I believe this could be the beginning of a major price change. As you see the price has finally broken out of the 3 month falling wedge trend and could be leading to the bullish uptrend that we've been looking for. I think we could be seeing a rise back to 60 cents possibly even 1 dollar USD. we will see over the coming days if we see the uptrend beginning or...
