Sygnia 4IR Following -38% decline (Nov '21-Jun '22), JSE:SYG4IR is starting to show signs of life. It's trading near an area of value, and it has crossed a key MA.
Have a test position.
4ir
Chainlink - 12H Studyfundamental arguments are diverse for Chainlink
chain agnostic middleware for DLT + real world connections
many people seem to underestimate the moat of chainlink
current situation:
The last run started 1 year ago - DeFi Summer 2.0 upcoming, with many dapps utilizing chainlinks tech
Chainlink 2.0 + Staking + Decentralized Oracle Networks upcoming, creating more economic structure for the LINK Token
Next to Ethereum: BSC & Solana also have a growing DeFi Ecosystem with new integrations, more demand & awareness for the Chainlink project
my targets start at 3 digits :)
$LINK: We've seen this before. What next?Ok there's a lot going on here, but $LINK has been following this pitchfork channel pretty well for almost its entire existence, so we have some precedent to work with.
- 4 separate times it has touched and or broken below the lower blue 1.0 deviation on the pitchfork. After each of these times it's pumped pretty hard.
- Chainlink has also climbed steadily in a nice channel before a breakout multiple times, as indicated by the orange boxes.
I think that the market is primed for summer and that we'll see some ridiculous growth in the next few months. HOWEVER! I wouldn't be surprised to see people capitulate and for $LINK to retrace back to $20 dollars and touch that lower blue 1.0 pitchfork prong.
Either way. I'm stacking linkies as much as I can. It's literally the most important project in all of defi and arguably all of crypto. I'm so comfortable in $LINK it's not even funny. Short term price action is just for entertainment :)
Enjoy!
~ maxbro
$LINK: Some perspectiveI think it's always important to look at larger time frames when truly considering a long term hold asset like $LINK. Remember fam, we're early investors in one of the most important technologies to the entire crypto space. Looking back on 10 dollar price swings, will be something that we all laugh about in the near future. I will never tell you what to do... but I bought the dip at $27, and I'm buying more at $25, and I wish I had bought more at $20....
Technically: This logarithmic weekly chart combined with a simple pitchfork, really shows us the trend we are in. We can see how this weekly candle falls safely inside that trend and how the lower wick tested and is currently respecting the median. If we draw some "what if" price action? We can clearly see that a dip to $7 dollars would still be contained by this trend, and that it would still be extremely bullish. In the next few months... if we pumped to $60 dollars, corrected back down to $30 and then pumped back up to $127 dollars it would be captured by the 1.0 prongs alone!
TL:DR #Chainlink is a long term hold. We're holding and accumulating as much as we can before institutions start completely relying on smart contracts, and the chainlink network becomes the pillar that an entire digital economy is built upon. Until then? Just take a step back and have some perspective. Enjoy the ride.
Chainlink bullish momentum - $7 USD soon...I don't usually post on Trading view so here's a little intro to myself. If you've been following me on Twitter @fintechfin you would know I've been holding a long term position in Chainlink - buying from 0.17c to $1.20. I plan to divest a majority of my capital around 2022 - 2023 as I believe this is when smart contracts will begin to be implemented within mainstream technology, of which Chainlink plays a fundamental role within. In the meantime, i'm looking forward to sharing some trading ideas with you all along the way!
So...I'll get into my chart analysis.YES, I do think it's possible to see Chainlink around $7 by the end of March. And even further anticipating the next impulse wave to come. This is for a few reasons, of which I will mention three of the most notable:
1. Chainlink is too fundamentally bullish to double top at $4.50 - 5. Chainlink is arguably one of the most adopted blockchain technologies by mega-corporations in the ecosystem (Ethereum a close second) with the likes of SWIFT, Oracle, Google, EEA, Microsoft and partners of IC3 including IBM, Intel, Cisco JP Morgan - Despite having only 1/20th of the market cap! Note: Most of these partners are in POC stage of development.
2. Volume is almost half of what it was last time LINK was sitting at 4.50, I anticipate a ATH in trading volume as-well as price.
3. According to Elliott Waves Theory, Chainlink is in its second wave approaching its third after a possible pullback. If we see a pullback around this region of the fibs I can see $7 as a likely possibility. In the macro trend of Elliott waves theory we also seem to be in the second wave. After $7 I can see a possible correction wave taking place which will leave us bearish until Q3 2020 when we see staking go live on Chainlink mainnet. Note: The date for Chainlink mainnet is pure speculation from watching the Chainlink developer pivotal tracker - link here: www.pivotaltracker.com
Why $7? Fibonacci, thats why.
Big love to you all, we're going to make it. My linky stays super stinky $1000 EOY lol
DEFINITELY NOT FINANCIAL ADVICE - I MAY OR MAY NOT ACTUALLY HOLD CHAINLINK TOKENS
