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Chainlink

LINK, Is PUMP after a BEARISH pattern possible?Now we see a descending wedge on Chanlink's(LINK) chart, which partially repeats Bitcoin's movements. Usually a rising wedge is a bullish pattern. But what will it be like in this situation? A breakout could be after a consolidation below the upper trend line. Also, a profitable long position can be opened after a liquidity collection and a false breakout of the wedge. In this case you could put a short stop loss with a good risk to reward for that LONG. Friends, press the "like" button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
10
LINK (Chainlink) Token Analysis 26/03/2022Fundamental Analysis: Founded in 2017, Chainlink is a blockchain abstraction layer that enables universally connected smart contracts. Through a decentralized oracle network, 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. The Chainlink Network is driven by a large open-source community of data providers, node operators, smart contract developers, researchers, security auditors and more. The company focuses on ensuring that decentralized participation is guaranteed for all node operators and users looking to contribute to the network. Chainlink is one of the first networks to allow the integration of off-chain data into smart contracts. With many trusted partners, Chainlink is one of the major players in the data processing field. Due to the integration of off-chain data, Chainlink has attracted the attention of numerous trusted data providers, including Brave New Coin, Alpha Vantage and Huobi. Data providers can sell access to data directly to Chainlink, thus monetizing the information they have. As a decentralized network, Chainlink allows users to become node operators and earn revenue by running critical data infrastructure required for blockchains’ success. Chainlink uses a large collection of node operators to collectively power a wide range of decentralized Price Feed oracle networks live in-production, which currently secure billions in value for leading DeFi applications like Synthetix, Aave, Compound and more. As an Ethereum-based ERC-20 token, Chainlink is secured by the proof-of-stake (PoS) consensus mechanism. Unlike the proof-of-work (PoW) consensus utilized by Bitocin, PoS relies on the amount of staked tokens for selecting node validators. PoS protocols were created with the idea to battle the vast power consumption required by PoW systems. PoS models are becoming increasingly popular as they need less electrical power and are easily scalable. While PoW has proven itself a reliable consensus mechanism, Ethereum and all other ERC-20 tokens have been growing rapidly and setting the trend in the space. Sergey Nazarov is a co-founder and CEO at Chainlink Labs. He graduated with a degree in business administration from New York University, with a focus on philosophy and administration. His professional career began as a teaching fellow at NYU Stern School of Business. In 2009, Nazarov co-founded ExistLocal, a peer-to-peer marketplace for authentic local experiences. In 2014, he also co-founded CryptaMail, a completely decentralized, blockchain-based email service. In 2014, Nazarov teamed up with Steve Ellis and launched SmartContract, a platform that brings smart contracts to life by connecting them to external data and widely accepted bank payments. SmartContract was one of the entrepreneurial ventures that led Sergey Nazarov to the founding of Chainlink. Steve Ellis graduated with a degree in computer science from New York University in 2010. Right after graduating, he became a software engineer at Pivotal Labs. In 2014, he co-founded the Secure Asset Exchange, a company facilitating easy web access to a decentralized asset exchange. Chainlink has grown from aggregating and providing cryptocurrency price data to DeFi protocols like Aave, to a lot more. The ecosystem currently access over 1B data points, securing over $75B in value through 1,000 project integrations with 700 oracle networks. Mainstream organizations like AccuWeather, FedEx, FlightStats and the Associated Press have partnered with Chainlink for data verification. However, one of the biggest wins Chainlink have secured is onboarding Eric Schmidt, ex-Google chairman and CEO, as a technical advisor to the oracle network protocol. According to Schmidt, "Chainlink is a secret ingredient to unlocking the potential of smart contract platforms and revolutionizing business and society," and he is interested in helping Chainlink build a world powered by truth. Schmidt joins other notable Chainlink advisors including former LinkedIn CEO Jeff Weiner and DocuSign co-founder Tom Gonser. On the roadmap for 2022, Chainlink will finally rollout staking for LINK holders to secure the network and earn rewards. Chainlink has been working on a staking solution for years, however oracle networks are not a blockchain but a form of decentralized computing. Co-founder Nazarov explained that Chainlink does not produce blocks but “make consensus on hundreds of oracle networks about price data.” He says the team is finally satisfied with the security and scalability of the consensus mechanism and ready to launch staking this year. During the initial coin offering (ICO) for LINK in September 2017, Chainlink announced a total and maximum supply of 1,000,000,000 LINK tokens. The current supply is about 453,509,553 LINK tokens, or about 45% of the total supply, as of end-September 2021. The Chainlink price at ICO was $0.11 and a total of 350 million LINK tokens were sold. This represents an over 200X from the ICO price to Chainlink price today. Chainlink price experienced a massive bull run in the period around mid-2019 to mid-2020. Chainlink bulls were colloquially referred to as “LINK Marines,'' becoming a well-known meme in the crypto community. Chainlink price reached an all-time high of $52.88 on May 9, 2021, on the back of an overall crypto market rally, as well as ongoing developments in the Chainlink ecosystem. According to the ICO documentation, 35% of the total token supply will go towards node operators and the incentivization of the ecosystem. Another 35% of LINK tokens were distributed during public sale events. Lastly, the remaining 30% of the total token supply was directed towards the company for the continued development of the Chainlink ecosystem and network. The current CoinMarketCap ranking is #23, with a live market cap of $7,330,359,824 USD. It has a circulating supply of 467,009,550 LINK coins and a max. supply of 1,000,000,000 LINK coins. Technical Analysis: There Exist a Bullish Divergence of Price Action and MACD, which is the sign of Bearish Trend Reversal and Start of a new Bullish Cycle. The Price of Asset has already Touched the 78.6% Fibonacci Retracement Level, which is a very critical Support Zone and it indicate that the asset is very much Undervalued, so soon we can observe that the Smart Money will Inflow and the current Accumulation Phase will end, eventually the Price shall Increase exponentially. We have defined the Total of 3 Targets using the Fibonacci Trend Base Extension levels, which can forecast the Hight of the upcoming cycle, The 3 TP gets confirmed as the Price Triggers the 2 TP followed by some Price Correction.
Long
by BitonGroup
4
Chainlink Goes Bullish (Trading Above EMA50 | 35% to 144%)LINKUSDT (Chainlink) moved and closed above EMA50 23-March. This level was tested as support right away, the next day and now we are seeing green candles above this level. The RSI is at 60 while this pair just came out of a low... The MACD is already bullish... Chainlink vs Tether can also grow. You can find more details on the chart. Remember to do your own research before trading. There is always risk involved. This is not financial advice. Namaste.
by AlanSantana
2
45% drop coming for Link? None's readyYeah, I am a Link bull but I would be a poor trader if didn't consider the possibilities and didn't allow for the chart to show me what it could be doing. My theory is that Link could be in a descending channel with a bottom back at Dec 2020 bottoms at about $8.60. I could see Link starting to tank over the next two to three weeks. And then around mid April see a turnaround that will break us pass descending line of resistance (yellow) retesting the bottom line of support/now turned resistance (orange). The measured breakout of the descending channel puts us exactly at the orange line of resistance. The money flow index is topped out on the daily and showing hidden bearish divergence. The Stochastic RSI looks like it put a double top on the daily and is now curving down. Ofcourse, it could all be invalidated. If we break out of this channel comeback to test as support and bounce then its invalidated and were most likely heading higher. But I just wanted to show you what I'm seeing.
COINBASE:LINKUSD
by CryptoNCoffee
6
Chainlink: 3 Bullish Signs#LINK #Chainlink has been dormant and bearish for quite some time. There are a few key things to note: 1. Whales are increasing buying of the token You can visit www.whalestats.com to see the top ETHEREUM wallets and what they are purchasing/holding, many are starting to acquire LINK ---------------------------------------------------------------------------------------------- 2. Selling volume decreasing on the chart with trapped sellers This trading range has been going for quite some time yet the sellers were not able to secure a successful downwards breakout ---------------------------------------------------------------------------------------------- 3. Fitting Wyckoff Schematic quite nicely The Wyckoff Schematics help us identify the different between Accumulation and Distribution Trading Ranges - In a Trading Range the price Zig Zags up and down until eventually a breakout occurs, using the Wyckoff Accumulation Schematic we can see there are some clues in the similarities of the chart and the schematic that tell us LINK may be ready for a test of the upper bounds of the Trading Range.
Long
by Worth_The_Ri5k
8
MATIC , Overall bullish ✅MATIC 🔆 Matic also entered the correction from the price of $ 2.8 in the whole market and continued the correction up to 1.3 But it is currently located near one of most important support areas 📌 It is also involved and trying to break own downtrend line This level is expected to prevent further correction and break the trend line soon This is an analysis and there is nothing definite and we are considering an uptrend scenario based on more probabilities. ➖➖➖➖➖➖ All supports and resistances are marked on the chart. As we can see, the price is in an important range and recommended to keep an eye on it ... Follow our other analysis & Feel free to ask any questions you have, we are here to help . ⚠️ This Analysis will be updated ... 📊 #MATICUSDT ( Matic ) 💹 Time Frame : Daily 🔵 Personal Opinion : 🎯 Next Targets : $1.53 — $1.61- $1.8 👤 Saeid.Mahbob 📅 15.Mar.22 ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
MLong
by SaeidMahbob
20
#btcstarburst Hope for the Moon!!Things are looking Bullish… That doesn’t mean anything today. Tomorrow could have blood on the streets or 10k green candle. Right now we did jump in a new channel. If we can stay in it that would be awesome the purple broken lines are the top and bottom of the channel… The Gann study is hard for most people to understand… All lines are support and resistance. They will become support once broken and verified. Breaking 49k seems like it might be a major challenge IF we are going to the moon… DCA safely remember its your property
FTX:BTCUSD
by Jonnycatx
16
LINKUSDT, Did you took this amazing position ??Hello everybody Did you bought ?? or took long position ?? According to the chart and last analysis that we publish we shown on chart that the price made 2 triangle and this become more powerful that the price wanna have some rises price to the resistance zone level and exactly this scenario was happend and now we are in the way to reach to the target that we update and shown on chart . Dont forget observe capital manaegement and use stop loss. Previous analysis : If you have any question or need any help , send us messages Good Luck Abtin
Long
by Abtin00
Chainlink will moon in April! 🚀Hey Traders, As you can see on the daily candles of Chainlink ($LINK), the price action has formed lower highs and lower lows symptom of a falling wedge pattern. The Fibonacci retracement level (.618) also has the same price level as the falling wedge breakout. The price target out of this pattern is $22 (+58%). Meanwhile, the Momentum Oscillator (RSI) is forming a BEAUTIFUL bullish divergence! A long position of 2-3x would be guaranteed 2x gains! Safe trading, -Pulkanator
Long
by Pulkanatir