Post
Topic
Board Speculation (Altcoins)
Merits 1 from 1 user
Re: LINK - CHAINLINK in the moon
by
Coin_trader
on 19/08/2020, 13:28:31 UTC
⭐ Merited by adaseb (1)
What's your opinion about LINK? Could it be another pump before the bull run? Link is a must have in every cryptowallet, at the moment 10% of my portfolio in in LINK but I'm evaluating to sell and bought again when the price go lower!


Link is already on the 3rd point on Elliot meaning will slightly correct then pump again until 5th wave. It depends on what price level do you enter to decide whether to sell now then buy back when correction. If you enter below 0.0012BTC then I believe you are safe and don't need to buy back so that you can't miss the opportunity to ride the last wave but if you buy above 0.0012BTC level then selling it then buy is a good option but not the best option. You can check my TA about Chainlink as your guide. It's not 1000% accurate but somehow it might help you.

If you are planning to sell then buy back on correction, The best way to re-enter is when the candle hit the Blue(EMA15) or Orange(EMA50) Curve Line because that is the support which means the probability that the price deeper than that level was very low compared when you buy above that line.



I'm not telling that the current point (3) is the peak. This is just my assumption since no one can determine where exactly it is but typically the sweet spot was around @1.618 level in fibo when it is the 3rd wave of the 5th cycle. Link current price is sitting above that but there is a possibility that it will reach due to the influx of new investors. See chart below for guide.



Congratulations to those who short trade $LINK yesterday and follow my Technical Analysis that I've posted above. It's my pleasure to help you gain some profit despite of this financial crisis due to pandemic.

See below the current chart of $LINK:




I think its time for the correction. I would try short trade on this base on RSI Already hit the 30 mark.  Grin

Congrats dude if you really short by the time you post this.  Cheesy