this is the first time publishing an idea for me on tradingview.
Im heavily invested in chainlink because of what the network and team are capable of.
Partnerships everywhere, vital to defi, staking not yet live which will push the price parabolic because of collateralization.
If you dont understand this dive into $LINK's tokenomics and read between the...
From Jan 2020 LINK has been outperforming many alt coins. Being up 84% from YTD. The projection here remains long however if we breakpoint of purple wedge, or the parallel channels we could interpret that as bearish and price drop.
However I’m long for 5 year range.
ChainLink - We look to Buy at 2.5000
Short term bias is bullish.
Price continues to trade within the triangle formation.
Bespoke support is located at 2.5000.
Further upside is expected although we prefer to set longs at our bespoke support levels at 2.5000, resulting in improved risk/reward.
Expect trading to remain mixed and volatile.
Chainlink is continuing its early-month rally, with the cryptocurrency fully eroding its September trading losses. The LINK / USD pair is also one of the few cryptocurrencies in the top twenty by market cap that is trading above its key 200-day moving average.
In percentage terms the LINK / USD pair has gained close to thirteen percent since the start of the new...
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...