Chainlink
Bullish sentiment for 2022 on High Performance Blockchain (HPB)High Performance Blockchain (HPB) could finally be in a position to realize the potential that many industry experts predicted for the chain back in 2018. The HPB chain is a layer 1, main-net Ethereum EVM-compatible chain, but it's unique feature is that it combines dedicated, custom-developed blockchain hardware, with the Ethereum Virtual Machine (EVM) software.
The custom hardware, known as the " Blockchain Offload Engine " (BOE) accelerator card, is in some ways similar to a computer graphics card, only the BOE card was developed from the ground-up by HPB CEO Xiaoming Wang , to specifically run the HPB blockchain network. It is currently the only blockchain the world to fuse hardware and software in this way.
The BOE card is what allows HPB to run at 5000tps (transactions per second) when compared to the Ethereum Network which runs at 15tps.
In addition, the associated "Gas" fees with the HPB chain are around $0.0001 per transaction, compared to Ethereum's $50 per transaction at certain times of the year.
HPB is faster, cheaper and more eco-friendly than Ethereum, utilizing a Proof of Performance (PoP) consensus mechanism, but the real jewel in the crown is the "Hardware Random Number Generator" , referred to as HRNG.
The reason people in the industry are becoming so bullish on HPB right now is because many industry experts predict that " GameFi " will be the next big thing in blockchain. Gaming, with connections to blockchain, is estimated to be worth $55 Billion USD in 2022 according to Crypto.com - One of the elements critical to the success of GameFi, is the ability to harness PROVABLE random numbers , which are used to allow games to be completely non-deterministic and unbiased.
Up until now, blockchains have typically used "pseudo" random number generators (PRNG) which are flawed. They used a seed value to generate random numbers, and these random numbers are based on mathematical calculations and algorithms. The issue with this type of mechanism, is that if someone knows what the seed algorithm is, then they can ultimately deduce the "random" number derived from it. Quite simply, users could not trust a platform where the random numbers are not truly random.
There is room for misuse with this type of pseudo random number generator, and it is part of the reason why games, casinos and lotteries have struggled to make an impact thus far in the blockchain industry.
HPB aims to solve this issue with HRNG which is known as a "True" random number generator (TRNG) as instead of deriving random numbers from a software-calculated seed value, it derives its seed value from the BOE accelerator card hardware. TRNG's can only be certified as provably fair if the seed value comes from naturally-occurring phenomena. High Performance Blockchain use their BOE card to monitor tiny micro-voltage fluctuations (down to 0.0001 volt) on the ever-changing power-draw of the BOE card, and then use an analog-to-digital hardware chip to convert those values into a 256-bit hexadecimal string. This constantly-changing string is then used as the seed value to generate truly provable random numbers.
Better still, the random numbers can be generated for free by software developers wishing to develop DApps on the HPB chain. Unlike competitor oracle solutions such as Chainlink (LINK) VRF, which can cost up to 0.2 LINK tokens per random number called (approximately $5 in early 2022), the HPB HRNG supplies the provable random numbers at every 6-second block for free.
This could revolutionize the blockchain industry, and DApp developers will be looking to take advantage of HPB random numbers as the GameFi sector matures.
In addition, HPB are now making strides to provide the necessary developer tool-sets that DApp developers come to expect, and they are also developing a decentralized Random Load-Balanced (RLB) crypto bridge to connect to other EVM chains including Polygon, Binance Smart chain, Avalanche, Fantom, Tron and others.
To put some perspective into upside potential of the HPB project, the current MCAP of High Performance Blockchain is £3 Million USD - It is a layer 1 main-net blockchain and the only chain in the world to fuse hardware (BOE card) with software. This is in comparison to a layer 2 sidechain such as Polygon which cannot generate TRNG random numbers on chain, and has a current MCAP of £11 Billion USD - So in effect, HPB would need to 4000x in value to reach parity with a chain that many blockchain technical experts believe to be an inferior chain to HPB.
HPB is also running a hackathon competition on DevPost in May, inviting developers from all around the world to come and try out the chain. The HPB Global Telegram community have never been this bullish.
LINKUSD Has the world given up on ChainLink?ChainLink (LINKUSD) was one of the hottest crypto from 2019 to 2021. Ever since the May 2021 top though it has been trading on Lower Highs and Lower Lows, failing to recover its All Time High (ATH).
The February 2022 Low came very close to the 1W MA200 (orange trend-line) and as long as it holds, LINKUSD will most likely sustain its cyclical bullish trend. The natural Resistance is the 1W MA50 (blue trend-line), a break above which, should be enough to restore the price on a new upside sequence. Basically LINK has been trading within the 1W MA50 and the 1W MA200 since mid January 2022, effectively 3 months.
Despite the bearishness and loss of faith of the market since 2021, the first long-term bullish indicators have started to emerge:
1) The Ichimoku is on the Red Cloud already. In the two past occurrences, when that emerged, ChainLink had already started the parabolic rally phase.
2) The 1W RSI hit in late February/early March the 37.500 Support that was formed on the June 18 2018 1W candle.
3) The 1W LMACD is approaching the -0.21000 Support of the July 16 2018 1W candle.
An LMACD Bullish Cross might be emerging and if formed it will most likely kick-start the parabolic rally much like the August 13 2018 Bullish Cross did. The final but rather late condition would be when the 1D MA50 (red trend-line) crosses above the 1W MA50.
Every Higher High has been on a +0.5 Fibonacci extension progression. First was the 1.0 and then the 1.5, 2.0 and 2.5 Fibonacci extensions followed. Technically, the next Higher High of the Cycle should be on Fib extension 3.0 around $147.00.
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LINKUSDT / 1DIn the short term, this digital currency can experience a 130% return on this beautiful pattern, so it can be given a period of 3 months.
LINKUSDT / 1DThe digital currency of the future
I expect this digital currency to experience a price of 11 to 12.50 and in the long run it can have an initial return of 300% and a final return of 1800%.
In the middle of the trend, we have a good pattern that shows the growth of this currency in the future
Chainlink inverted HNS pattern$LINK is about to develop the next wing of the bullish pattern inverted HNS.. Add this in your watchlist...
LINK above 21$ would be a sign of massive reversal!Here's a quick look at the LINK Daily chart . As we can see, the price has been oscilating withing a bigger falling wedge. BTC needs to get above 48k before we can expect a break above 21$! The best entry would be when the price breaks above 21$ with good amount of volume . Definitely one to keep an eye on!
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The idea is: Buy when the price breaks above 21$ and take profits at the levels shown in the chart.
Targets:
1. 24$
2. 28$
3. 32$
4. 36$
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What Is a Wedge in the context of trading?:
"A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows of a price series over the course of 10 to 50 periods. The lines show that the highs and the lows are either rising or falling and differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge-shaped trend lines are considered useful indicators of a potential reversal in price action by technical analysts.
Key Takeaways for Falling wedges:
1. Wedge patterns are usually characterized by converging trend lines over 10 to 50 trading periods.
2. The patterns may be considered rising or falling wedges depending on their direction.
3. These patterns have an unusually good track record for forecasting price reversals."
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
LINKUSD - Back to that 15 line of resistance. The Market Line.Here we are back to the 15 this is will be a nice test to see if the resistance holds, to me that would indicate an inching up on the belief in value, I like this project, but it's a wide open market. I feel like we might be hitting value soon, for me this will be like a raise in pitch, a tighter wave.
LINK daily looking to reload a buy spot and runLink Daily chart is looking extremely good
right now for a nice bullish retrace
back uo to the trendline...when it
reaches that, i will update the chart.
retest then moon , market will recover soonlink has been dormant for a while now, soon will be some action
Chainlink (LINK) - April 6Hello?
Traders, welcome.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
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(LINKUSDT 1W Chart)
Primary resistance: around 20.84
Secondary resistance: 27.20-30.38
Support: 11.31-14.49
If it falls below the 11.31-14.49 range, it is highly likely to enter the mid- to long-term investment area, so careful trading is required.
(1D chart)
(buy)
- After confirming the support in the section 14.49-16.15
(Stop Loss)
- When it falls below 14.49 and receives resistance
- When it falls below 11.31
(Sell)
- When resistance is received in the section 23.03-24.70
- When receiving resistance in the section 27.20-30.38
If the price is maintained above the 27.20 point, it is expected to surge above the 32.10 point.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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Soon there will be a reversal!Here's a quick look at the LINK Daily chart . As we can see, the price has been oscilating withing a bigger falling wedge and a break to upside could be around the corner! The best entry would be when the price breaks above 21$ with good amount of volume . Definitely one to keep an eye on!
-------------------------------------------
The idea is: Buy when the price breaks above 21$ and take profits at the levels shown in the chart.
Targets:
1. 24$
2. 28$
3. 32$
4. 36$
-------------------------------------------
What Is a Wedge in the context of trading?:
"A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows of a price series over the course of 10 to 50 periods. The lines show that the highs and the lows are either rising or falling and differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge-shaped trend lines are considered useful indicators of a potential reversal in price action by technical analysts.
Key Takeaways for Falling wedges:
1. Wedge patterns are usually characterized by converging trend lines over 10 to 50 trading periods.
2. The patterns may be considered rising or falling wedges depending on their direction.
3. These patterns have an unusually good track record for forecasting price reversals."
-------------------------------------------
If you like the content, then make sure to comment and like the post :D
Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
LINK/USDT Wyck-Off Analysis New ATH (now 45% Up from our entry )#LINK/USDT Wyck-Off Analysis Update-
Hey fame,
hope you all doing well.
In the last chart of $LINK, I shared a Long-term view based on the Wyck-Off methodology.
#LINK currently trading at $18
And It’s Almost 45% Up from our entry zone.
45% Is good profit in Short Term.
$LINK followed our path very accurately, price was at the place of the secondary test of Phase B.
As we mentioned in the previous idea, the price is currently in the big accumulation range and it can leave this range at any time followed by high buying pressure.
Accumulation structure played,
wWe have seen ST in Phase B and after the test 'SPRING' took place.
However, the 'Spring' shakeout was not much greater in terms of retracement % and that's because of the market bullishness and buying pressure.
$LINK price is following the other major altcoins and bitcoin move as crypto market behave relatively,
all they have kind of similar move.
If the crypto market continues showing its bull strength and starts moving even higher, high probability that $LINK will hit its higher target.
Maybe in the next Altcoin rally,
we will see $LINK is breaking out of a structure and making new highs in the future.
Chainlink, ready to break outGood day,
We are looking at the 1 day chart of LINK/USDT.
As we can see, the price rising towards the first trendline which is around $18. Link usually seems to be following ETH and ETH is showing strenght.
Furthermore, Oracles like Chainlink are key to make sure that different blockchains can interact with each other. Few understand.
Press the like button and have a good day.
ChainLink Link price movement predictionPrice Prediction
not financial advice
this is for entertainment purposes only
always DYOR
smash the like button
Chainlink breakout comingChainlink at the bottom level, this is also bullish on vj2 supertrend indicator. It is a web 3.0 coin.
The chainlink fibonacci sequenceI think we can all say that Bitcoin didn't have a blow off top this cycle but chain link sure did.
70% in just two weekly candles in May 2021 pretty insane even for a blow off top , the week of May 17 2021 is the largest weekly red candle in chain links history ,66% in one weekly candle ,it had one hell of a run.
Since June 2018 Chain link pumped 31674% over 1050days with no major changes in its parabolic structure until of course May 2021.
It is possible that Chainlink has been playing a pattern from 2018 during that time Chainlink retraced 88% before starting its mufti year run. If the pattern plays out it means that the bottom is in for link.
At the moment chainlink is currently in a descending wedge and so is the Weekly RSI .
Since February 2021 Chainlink has been forming a massive wedge and also hitting record lows on the RSI.
Is link getting ready for a big move in the future ?, possibly what you see below is a LINK/BTC dominance chart, for nearly three years now I have been following this link fib sequence that has been quite profitable so far.
The next date is May 23rd 2022 , I bring this date up a lot because there also a number of Bitcoin Fib sequences that land in May 2022.
So what will happen come this day since I have lived through it three times already , well nothing , nothing happens on this date no crazy price action just a normal weekly close but once time passes one comes to realize that week was indeed a pivot in momentum.
So what will this time bring another pivot to the upside or downside? The fact is that its not really clear now we a descending triangle on the dominance chart which is a bearish pattern but we have descending wedges on price and weekly RSI.
I will sideline for now and wait closer to May 2022 to make a move a lot of mixed signals right now and the one thing I cant stop thinking about is the fact that Bitcoin has not put in its signature capitulation volume bar, we have nothing to confirm a true cycle bottom ,if we hit the 200 weekly with massive weekly volume bar then we can truly say the bottom is in.
ChainLink targeting $ 253As you can see wave 3 is less than 162% of wave 1. That means that wave 5 overextends itself, which leads to a target of at least 62%. This measurement refers to the starting point of wave 0 to the ending point of wave 3 and is the minimum target for a wave 5 extension.
This is no financial advice.
LINK is stuck between 16 & 28$🌳LINK Is in a Broadening Wedge which means the price can range in the pattern until a break out happens. The price now sits above It's support (around 16$) which increases the odds of break out. So now there are two scenarios actually. One is that LINK would fail to break the pattern & after a bit of increasing, it would decrease to support once again. Another scenario is that the Break out would happen and LINK would fly afterward! If the break out happens, the price would reach 28$ which a strong resistance sits there.
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Thank you for seeing idea .
Have a nice day and Good luck
MASSIVE SHOULDERS ON CHAINLINKAre we ready to pump it up? Chainlink is now retesting lowest support $18-$17. Is this the beginning of a new chapter for chainlink? Let's hope so. I feel we have a Ton! of support in this area to not go any lower. $50+ for Chainlink coming to us this summer??
