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Chainlink

Beyond Defi:How Chainlink is Revolutionizing Blockchain's FutureChainlink has been making waves in the Defi space for some time now, and for good reason. As a decentralized oracle network, it serves a critical role in the functioning of smart contracts, providing reliable and accurate data feeds to enable the automation of complex financial transactions. What sets Chainlink apart is its extensive network of nodes and oracles, which allows it to tap into a wide range of data sources and ensure that the data it provides is of the highest quality. This makes it an indispensable tool for Defi protocols that rely on accurate and timely data feeds to execute their functions. Furthermore, Chainlink has gained significant recognition and support from a variety of high-profile institutions and organizations. This includes the World Economic Forum, which has designated Chainlink as a Technology Pioneer and recognized its potential to transform the financial industry. Given these factors, it's no surprise that Chainlink has become one of the most popular investment choices in the crypto space. Its strong fundamentals and growing adoption within the Defi ecosystem suggest that it has significant room for growth in the coming months and years. As such, if you're looking to diversify your crypto portfolio and tap into the potential of decentralized finance, it may be time to seriously consider adding Chainlink to your list of investments. Price Targets Target 1 : $8.10 Target 2: $10.66 Target 3: $29.96 I expect all these targets to be hit within the next 6 months 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 $8.10, $10.66, and $29.96. 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. Certainly, here's a more technical and detailed response: In order to arrive at the proposed price points, a rigorous methodology was followed which took into account a variety of factors, including but not limited to market analysis, and future potential for adoption. Specifically, a thorough analysis of current market trends and consumer demand was conducted in order to identify the optimal price points.
Long
by Helios_Capital_Investment
CHAINLINK: $LINK Accumulation✅My biggest 2023 position is $LINK long, bought multiple times in this range since weeks. Anything below $6 is a good-buy IMO. A breakout is incoming once economic data shows soft-landing signs while FED starts to cut interest rates. Chainlink allows blockchains to securely interact with external data feeds, events and payment methods, providing the critical off-chain information needed by complex smart contracts to become the dominant form of digital agreement. This is valid unless the price breaks below this accumulation range! My SL is 5% below this box's support. I will keep updating this trade here, make sur you follow me to get alerts!
Long
by dogofallstreets
LINKUSDT looks bearish now (NEW)LINKUSDT looks bearish as the price has created lower highs due to getting rejected from the downsloping resistance. Currently the price is sitting on the support where we can expect a bounce towards the downsloping resistance. However, if it keeps getting rejected and the key support fails, we may see lower prices. How to trade: Enter short at the resistance. Take profit levels, stop loss and the final target are shown on the chart. Take profit levels can be considered as buy levels if you're DCAing into LINK. Good luck
Short
by vf_investment
LINK - The Castle Is Still Strong 🏰 - Analysis #5/50Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. LINK has been stuck inside a big range for a couple of months now. At least it hasn't melted like many altcoins during the bear run. 🏹 For the bulls to take over long-term , we still need a break above the entire range / above 9.5 Meanwhile, since we are approaching the lower bound of the range, we will be looking for short-term buy setups . 📉 LINK is now sitting around the orange support zone (6.5) so for the bulls to take over, we need a break above the last H4 high (in gray) If we break below the orange support, then a movement till the green support (5.0) would be expected where we will be looking for new buy setups. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
5
ChainLink: Drop Your Ball and Chain! ⛓ChainLink should drop its ball and chain to escape from the current sidewards movement in favor of the expected ascent. From the low of wave (ii) in blue, the altcoin should head for the resistance at $9.50 and surmount this mark to develop wave (iii) in blue. The subsequent countermovement of wave (iv) in blue should happen above this level as well. However, there is still a 33% chance that ChainLink might slip below the support at $6.43, thus triggering further descent below the next mark at $5.38. In that case, we would expect a new low in the form of wave alt.2 in green before fresh upwards movement can take hold.
BINANCE:LINKUSD
by MarketIntel
Chainlink to $60 (Long Term View)Here's an update on LINKUSD which I posted for you guys back in January. Just like I expected, market is still ranging within this corrective phase, which is allowing big institutional firms to DCA from these cheap prices. We expect further consolidation over the next few months, before we see a downwards liquidity grab towards $0.09📉 This also moves similarly to our Bitcoin short analysis, as most Crypto's are still in a corrective phase for the next few months at least🔺Good opportunity for my Crypto Fund investors to profit by shorting the market!
COINBASE:LINKUSDLong
by BA_Investments
5
CHAINLINK - Higher Timeframe OverviewCHAINLINK - Higher Timeframe Overview Here we have the 2weekly chart of Chainlink. We can see that on a higher timeframe, we are still bullish. We have not yet completed the 5 waves. We are currently on the 4th wave which appears to be a WXY correction (breakdown: 3 waves for W, 3 waves for X and 3 waves for Y) We are now in wave X. We need to see 3 clear waves down to complete the sequence. Once we make that final move down, we can look for buying opportunities. Expecting the bearish correction to finish above the blue structure. There is a potential for a 2000% trade coming up. Definitely one not to be missed!
BINANCE:LINKUSD
by WicktatorFX
Going sideways...Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (LINKBTC 1W Chart) The section from 0.0002 195 to 0.0003 665 is the core support section. If you are supported and rise in this section, you are expected to release the power of Sangs. ----------------------------------------- (LINKUSDT 1D Chart) The 6.698 point is the HA-Low indicator point on the 1W chart. Therefore, it is a buying point from a mid- to long-term perspective. If it falls below 6.698, it should touch near the downtrend line and see if it can move up. In particular, it is necessary to check whether it is supported by the HA-Low indicator of the 1D chart. In order to continue the mid- to long-term upward trend, it must rise above the HA-High indicator on the 1W chart. However, since the conditions for the HA-High indicator to decline have not been created, it is expected that more up and down swings will be required. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ---------------------------------
by readCrypto
✴️ Chainlink Reveals Current... (Name Your Altcoin #52)Let's continue shall we? I've done many analysis for Chainlink (LINKUSD) since we have an active public trade for this pair but someone requested to have this pair be part of our Name Your Altcoins series so let's dig in. Chainlink is good news... It is giving out positive signals. As the entire cryptocurrency market is interrelated, connected, what one does the rest follows, having good news here can mean good news elsewhere. Or everywhere else. LINKUSD Just two days ago, 22-Feb., we have a perfect hammer candlestick pattern. This candle tested and confirmed EMA10 and EMA21 as support. What looks great is the volume the following day, yesterday, really high volume, the highest ever on BitMEX for this trading pair. Volume is one of the most valuable indicators available, having all this buying yesterday is great news... This tells us that the bulls are accumulating near resistance, which precedes additional growth. The MACD printed a bullish cross recently and is trading above zero. The RSI is super healthy/strong at 62+. If we decide to look at the weekly timeframe for additional information... We can see a Doji this week leaning bullish (has a long lower wick). Last week closed almost full green with the highest close since October 2022. Prices trading above the 0.682 Fib. extension, this one only confirms if the week closes above 7.917. We have some really good signals... If LINK moves forward, Bitcoin, Ethereum and the rest of the market will do the same. There is always one or two pairs that tend to move ahead when consolidation is taking place, if you find those, you know what is coming to the rest. Namaste.
BITMEX:LINKUSD.PLong
by AlanSantana
5
Whats happening with Chainlink?To say that the trajectory of Chainlink in the past eight months has been anything but surprising would be an understatement - unfortunately, the surprises have not been in the coin's favor. Despite having one of the strongest fundamentals in crypto, its pattern, price range, and movements have been quite unusual in my opinion. It has broken all trend lines and channels from its genesis, and there are no historical patterns to compare it to. Last year, I was setting up for one of my biggest trades with Chainlink, as the price was perfectly aligned with my Fibonacci time sequence. However, the FTX black swan event occurred, and since then, it hasn't quite recovered like the rest. You can check out those failed TA's under "Related ideas" below. While other coins in the market have seen massive rallies of hundreds of percentages, Chainlink hasn't done much, only up 33% from its lows. This brings me to a new channel that I will be testing out this year. If anyone has any other channels from genesis, please let me know by clicking on the link below. There isn't much to go on with Chainlink until we break the resistance seen below. It's been 245 days and four attempts, but we've never managed to close above it. The LMACD on the 3-week timeframe is showing momentum coming up, but the price is going down, indicating that divergence is building. The LINK/BTC dominance chart has always been the most crucial chart to trade Chainlink, as you can see from the chart. Currently, we're sitting in the same place before we had a massive run of 124% in price back in January 2020. The resistance was broken at one point, and we even closed a weekly above it, but then failed to hold it as support due to the FTX black swan.The big Chainlink move comes once we have a clear break from this resistance, which it has been stuck under for 917 days. Using this Fib time sequence, we knew that the bottom was in for Chainlink. I have been using this Fib sequence on the dominance for years, going back as far as 2019 when i was trading LINK I used this channel. For the past 280 days, the price has been ranging, and there have been a lot of good trades in the $5 dollar range. However, now we want to see it break out!
COINBASE:LINKUSDLong
by Sporia
8
LINKETH - Sat on a Critical Level, Can We Break Upward by 10%?We've got a pretty strong Buy signal from Crypto Tipster v2 today - looking at the chart it would appear we're currently sat right on a critical pivot point, the market could choose to go either way from here, or even consolidate for a short while too! Based on the recent rebound off support @ 416 and breaking through the next level of resistance above that, we're staying positive on Chainlink for now and predicting gains of around 10% over the next few weeks to one month. If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
Long
by theCrypster
6
LINK: Resistance BreakoutChainLink (LINK) technical analysis: Trade setup : Following a bullish breakout from Descending Triangle , price also broke above 200-day moving average and $8 resistance to resume Uptrend. That was a stiff resistance where price got rejected several times last year. Upside potential to $9.50 next. Recent rally was driven by launch of staking service. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $7.00 (previous resistance), then $5.50. The nearest Resistance Zone is $8.00, which it broke, then $9.50.
Long
by altFINS
Crypto ChainLink (Overdue Breakout is upon us)View On ChainLink LINK/USD (20 Feb 2023) Crypto ChainLink LINK/USD is mainly in the big swing mode for the nearly a year now. I reckon we are in for the BULLish mode as the low regions such as $5~$5.5 are accompanied by the strong rebound with big volume. We have better odd in staying on the Buy side. It should retest $9.25 region and $11 region soon. Let's see. DYODD, Our trade analysis may not suitable to intraday (or) short time frame trading. Whatever method you use if you do not follow the proper rule of risk management, it will have detrimental effects on your account. Feel Free to "Follow", press "LIKE" "Comment". Legal Risk Disclosure: Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor. DISCLAIMER: Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
COINBASE:LINKUSDLong
by SonicDeejay