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Chainlink

wyckoff accumulation on LINKLINK has brokedown a very long range (over a year) so if the bleeding stops here (but honestly I think it'll continue) a wyckoff accumulation is likely to happen. Off course this is a possibility in case my previous idea on TOTAL3 (check it among my ideas) is wrong. I think that for the long run this dump is an opportunity to buy but just because it's very hard to recognize the bottom of the market when it happens. Please notice I have not LINK in my wallet, at least so far! Good luck
by Shotokhan
1
LINK Chainlink Oversold at its last support | Growth thesis !Chainlink (LINK) presents a promising investment opportunity, especially in light of recent market developments. With BlackRock's filing for a Bitcoin trust rather than an ETF and the SPX reaching a 52-week high, the market sentiment appears to be bullish. Despite being oversold and finding support at its last line, Chainlink's technical indicators suggest the potential for a rebound. Considering the oversold conditions, investors could see an attractive entry point for Chainlink. The price target of $8.70 adds to the positive outlook, indicating the potential for substantial growth. A technical rebound, supported by market dynamics, could further bolster Chainlink's upward trajectory. Chainlink's unique value proposition as a decentralized oracle network, facilitating secure and reliable data integration for smart contracts, positions it well for continued growth. Its technology plays a crucial role in the advancement of blockchain applications across various industries, offering real-world solutions and bridging the gap between blockchains and external data sources. Chainlink's strong partnerships with industry-leading organizations and its expanding network adoption provide a solid foundation for its future success. These collaborations reinforce Chainlink's credibility and market position, potentially attracting more investors and users to the platform. Looking forward to read your opinion about it!
Long
by TopgOptions
chainlink outlook 2025hello trader/investor, chainlink is one a the big cap crypto projects that is going to do very wel in the future IMO. the progress they make, global implementations with banks / swift system are a huge deal and wil come to fruition in the next few years. altough CHAINLINK did very wel is last bull market, its going to do even better in the future IMO. this is why i forcast a target of 150$/LINK in 2025. DCA at these levels is not a bad idea , but keep in mind that lower prices are possible but no garante , altought we chainlink made a new low , its showing strenght compared to other big caps! best of luck , stay humble stack sats.
Long
by stabb
LINK long idea Listen up, in the world of crypto, Chainlink's the game, But before you go long, you gotta manage that risk, it's not a game. With LINKUSDT, a long idea in play, Channels, OBV, and Fibs to pave the way. Been in accumulation, for almost a year, But with potential targets in sight, don't you fear. TP1 at 7.4, TP2 at 8.40, TP3 at 8.8, TP4 at 9.48, so don't you get naughty. But with gains in sight, you gotta keep your SL in check, Below 5.75, to prevent losses and protect. So let's go long on LINKUSDT, With a strategic plan, and risk management to see. With channels, OBV, and Fibs to play, Potential profits, just a breakout away. But don't forget the SL, it's your safety net, To ensure gains, and no losses to fret. So let's ride the wave, and make it big, With LINKUSDT, and a plan that's strategic. Potential targets in sight, but risk management is key, For a successful trade, and a profit to decree.
Long
by DepecheGST
✴️ Chainlink Classic Falling Wedge PatternAsk anybody or everybody around and they will all agree that the falling wedge is one of the most reliable patterns to spot on a chart. This is a bullish pattern and once you have it well mapped out, it is sure to play-out. On this LINKUSDT chart we have a falling wedge pattern already breaking bullish, so the breakout has already taken place. Yesterday we had a full green candle which by itself is a bullish signal but what is more interesting is todays candle, it has a long lower wick and is about to close green. This tells us that sellers did show up and tried to push prices down but the bulls bought everything back up. As the candle/session/day closes green we get two additional signals; The RSI closing above 50 and the break as resistance of EMA21 and EMA10. This is no surprise for us as we've been bullish all along... But having these signals on the chart, inspires me to open up a 10X long. The rest is for the market to decide... We will know how it went based on the results. Many the wins, only a few loss. Namaste.
Long
by MasterAnanda
1
LINK at the mid-range - A rebound or a likely breach? For the past 3 weeks, LINK traded in a range with extremes at $6.2 and $6.8. The range high aligns with a critical former support level in late March/April. The range-low coincides with a bullish OB (white) on the 4-hour chart formed on 12 May. A possible rebound at mid-range could see LINK rally to the range high of $6.8, especially if BTC reclaims $28k. But, the mid-range of $6.5 could be breached and a retest of the range low/bullish OB could be on the cards if BTC dips to $26k again.
by AMBCrypto_TA
ChainLink End Of The RoadChainlink has posed a challenging cycle thus far, with an extended period of sideways accumulation for over a year. However, the time has now come for the asset to make a move. The Gann Fan indicator illustrates that there is limited room for further sideways action, with three rejections of the 1/2 Fan occurring in the last two years. If we do break out of this range, we must either move downwards or make a significant upward move, which will likely last until late June 2023. At this point, a move to the 1/1 Gann Fann level with 20 dollars as the maximum price increase seems the most plausible. Looking at the facts, the monthly histogram for LINK indicates a building momentum, with lighter closures suggesting a potential shift in trend. Additionally, LINK has experienced four straight months of weekly lower highs since the start of the year. My hypothesis is that we will reach a peak in June 2023, which lines up with the predictions for LINK based on the chart below: The USDT dominance chart has completed its 5 waves and ABC correction, with the final wave most likely to start next week once the yellow support level is broken Furthermore, the Bitcoin Dominance chart has also completed 5 waves and is currently experiencing a rejection of the 8/1 Gann Fan, indicating that alt season is likely on the horizon. If Link fails to break the 1/2 Gann Fann level to the upside, the downside target would be HKEX:5 , though this scenario has a lower chance of playing out at the moment.
COINBASE:LINKUSDLong
by Sporia
12
LINK - It is timeLink has been consolidating in the same tight zone for 330 days. After that long period of accumulation, I predict the move up will probably be large and sustained for at least 2-3 big legs up. The problem is that we've had 3 fake-outs where price closed above $8.5 and then dumped hard right after. With that in mind, I plan on buying the next time LINK closes above 8.5 and cutting my losses if I see it close back below the support/resistance (S/R) zone highlighted in red, meaning below $8. If the breakout is real, a I think and hope it is, then I intend to take profits between $19-20, and keeping the rest for the possibility that LINK becomes a beartime runner again, like last time.
BINANCE:LINKUSDLong
by fritzz
9
LINK: Channel UpChainLink (LINK) technical analysis: Trade setup : Price is trading in a Channel Up pattern. Swing traders can trade the channel (Enter near support, Exit near resistance channel trendline). Pattern : Price is trading in a Channel Up pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Trend : Downtrend on Short- and Medium-Term basis and Uptrend on Long-Term basis. Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45). Support and Resistance : Nearest Support Zone is $7.00, which it broke, then $6.00. The nearest Resistance Zone is $8.50, then $9.50.
Long
by altFINS
Chainlink (LINK) WCA - Classic Rectangle PatternHello and thank you for taking the time to read my post. Today, we analyze the Chainlink (LINK) chart on the weekly scale, focusing on a classic price pattern called the "Rectangle Pattern." Classic Rectangle Pattern : The classic rectangle pattern is a chart pattern formed when the price of an asset moves between two parallel horizontal lines—representing support and resistance levels—over a period of time. In essence, it reflects a consolidation phase where the market is undecided about the direction of the trend. To confirm the validity of this pattern, you typically need a minimum of two touching points at both the support and resistance levels. However, more experienced traders prefer to see at least three touching points on each level, as it increases the reliability of the pattern. Remember, this is just a brief introduction to the technical aspects of the classic rectangle pattern. As you delve deeper into this topic, you'll discover more nuances and practical applications that can enhance your trading strategies. Additional Analysis : Chainlink serves as a perfect example of the classic rectangle pattern. We have a clear upper horizontal line at 9.475 and a lower horizontal line at 5.534, between which the price moves. The price has remained stable within this range for 357 days, equivalent to 11.737 months. This information is valuable because the longer an asset stays within a range, the more volatile the subsequent breakout will be. Additionally, we see several touch points marked in orange, further validating the pattern. A blue diagonal resistance line demonstrates the general trend, which is currently directed downwards. The price is currently below the 200 EMA, which is another indication to watch rather than actively look for long positions. This suggests a cautious approach for traders, as the market is still showing signs of weakness. Once we have a breakout from this rectangle, it could be swift and accompanied by significant volatility. As always, we cannot know when the price will break out of this nicely defined zone, but we have a good idea for the future and will be less surprised when we see a breakout, no matter in what direction. Traders should closely monitor the support and resistance levels, as well as the general trend, to be better prepared for any potential price action. Conclusion : The Chainlink (LINK) weekly chart showcases a classic Rectangle Pattern, reflecting a consolidation phase in the market. By closely monitoring the support and resistance levels, as well as the general trend, traders can be better prepared for any potential price action in the future. As always, it's essential to consider risk management and proper position sizing when trading based on chart patterns. Please note that this analysis is not financial advice. Always do your own due diligence when investing or trading. If you found this analysis helpful, please like, share, and follow for more updates. Happy trading! Best regards, Karim Subhieh
by KarimSubhieh
LINK.Usdt (Y23.P2.Video1). Macro outlook, more accumulation?Hi Traders\Investors, Note: I made a mistake thinking for some reason its called MATIC but its CHAINLINK so the logo on the video is incorrect. LINK is currently in a range that suggests its accumulation and the longer it accumulates, the bigger the breakout it will be. I give my perspective for 2 scenarios, both are dependant on what BTC does in the coming weeks. I show or explain what I see and how I give it measure for those key levels. The rest is up to you. Please give me a like and share, Regards, S.SAri weekly indicators show downward pressure
Long
by ssari
1
LINK: LAST Month to ACCUMULATE💰BINANCE:LINKUSDT Hi Traders, Investors and Speculators of the Charts 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. LINKUSDT has been in a typical Wyckoff Method consolidation phase. Looking at previous fractals, wee see that Chainlink often goes parabolic during the months of June / July. This is right around the corner! Even should it not happen that way this time around, LINKUSDT has establishes a clear bottom and will most likely only go upwards from here. To confirm this bias, we take a look at the Technical Indicator CryptoCheck START v3.5 and see a buy signal flashing on the weekly (which is bullish on such a high timeframe) : Since you're here ! Check out this idea on BTCUSDT : _______________________ 📢 Show us some LOVE 🧡 Follow for daily updates and trade ideas on Crypto , Stocks , Forex and Commodities 💎 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
32
Chainlink Long Play - 400% Gain Potential - FUTURE OF AI AND IOT Entry Price: $7.30 Resistance 1: $9.37 Resistance 2: $19.00 Resistance 3: $34.00 As a financial analyst with a focus on cryptocurrency markets, I have conducted a number of analyses on Chainlink and offer an updated perspective on the asset's recent price action. Chainlink has demonstrated a struggle to breach the same 77% range horizontal channel, delineated by a shaded orange band, throughout the past year. Should the asset surpass the pink diagonal line, we may witness sufficient strength to advance toward the next resistance level of $9.37, thereby representing a 33% increase. I estimate that this move may occur within 31 days, culminating at the end of May 2023. Major resistances may not arise until the 19 and 34 dollar range, indicating an approximate price increase of 175% and 400% from present levels, respectively. In my assessment, these projections are not beyond the realm of possibility. In fact, considering past price action and current adoption rates, I posit that these estimates are exceptionally conservative. Over the past three years, Chainlink has remained among my preferred assets and I perceive its potential to burgeon as undeniable. Therefore, I advise investors to consider incorporating Chainlink into their portfolios at this time. Chainlink (LINK) is a cryptocurrency that provides a decentralized oracle network that enables different blockchains to communicate with each other through cross-chain interoperability. The technology provides secure cross-chain applications that allow data and tokens to move across cross-chain smart contracts. The cryptocurrency has shown a strong bullish trend, and the technical analysis indicates potential price targets of $9.37, $19.00, and $34.00. Moreover, the blockchain-agnostic oracle network has the most widely adopted oracle network in DeFi, providing the highest quality data that is resistant to manipulation. As blockchain oracles continue to reduce switching costs and meet security requirements for enterprise use cases, Chainlink is in a strategic position to benefit from the blockchain technology's adoption by global enterprises and governments.
Long
by Helios_Capital_Investment