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Chainlink

Chainlink is just different. Hi guys I made a quick time line to demonstrated the historic reaction and growth of Chainlink during world events. this exercise was made to prepare us for a worse case scenario 2022. Im talking about a war with Russia, inflation and a housing crash. yes being prepared for worse case is like being set up for best case. Why link world events with chainlink, because the crypto market seems to react to any bad news just like the stocks. My short analysis: Chainlink seems to have a bull run every year since 2017 (inception) with an ABCD pattern. look to the chart for details. However, what interests me the most is the famous 70% give or take crash that link has every year after reaching the peak. Is so consistent that even during covid-19 (A total world disaster) chain showed some resilience and had an early ATH before BTC. However.. boom another 70% crash. Link does this every year. What now? Yes, I get it, there's a lot of fud going around and the fear index dosen't look great but I believe chain is just different and the ETH whales tend to scoop their profits and allocate some to link every year. Take away: 1) I'm expecting the same pattern after a long consolidation to occour taking us at least all the way to $140. 2) We will have another 70% crash and then repeat. 3) Link might go all the way down to $8 (who cares, I will definitely buy more) 4) Good knows what Eric Schmidt will bring to Chainlink. People seem to forget he was one of the top 5 most important CEO of 2001-2011 and carried on helping Google even during recent years. So he has great experience, great knowledge and he's network is just crazy. SO! this is a massive A+ for chainlink labs. 5) We are in the strong buy zone. Main take away Chainlink is in a bear market. It has been here since May. Im not a day trader, Im a long term investor. I hope the above helps and would like to know what you guys think about my idea. Thanks Faris View.
COINBASE:LINKUSDLong
by Farisview
6
Chainlink not going anywhere without his brothers BTC and ETHFollowing current trends of the Godfather of All that is crypto, just reiterating one more possibility for Chainlink. Over the next few days before the holidays, this will show what happens when people step away from trading and focus in on presents, cooked ham, family and the Big dropping ball that takes us into 2022. This is just one more idea before I do the same.Good luck and Have a great time following into the New Year!!
L
by Brother-Doug
🔥 LINK 2.5 Year Macro Uptrend: Massive Move Soon?Since it's inception on Binance, LINK has been trading in a huge bullish channel. This bullish channel has brought the price all the way from 50 cents to $50, making LINK one of the top gainers from before the bull-run. In case this macro uptrend will hold, we can expect a major shift in trend for LINK. LINK has been trading bearish since May 10th, so a shift in direction would be more than welcome for LINK holders. Furthermore, the picture above indicates that the amount of long-trades on LINK (Bitfinex) are at an all-time high, further strenghtening the bullish narrative. Assuming LINK will trade bullish from here on, we can expect a >$100 within the next year or so, making it a very decent long-term investment. Happy trading!
Long
by FieryTrading
11
Chainlink $30 incomingHello all. Looking at chainlink on the daily chart we see that we found support around $18 right at the long ascending support line (yellow line). If we draw a resistance on the daily timeframe we get a resistance sitting at around $31-$32. The fibonacci retracement from swing high to swing low gives us a golden pocket target which sits at around $29. This also corresponds with the downtrending resistance line which makes me speculate that chainlink will hit this target for a retest. This price target puts chainlink at 55% gain for the short term. Bullish signs to look for: Oversold stochastic Rsi, price to break current resistance around $20, golden cross. Thanks for reading ,and stay tuned. Enjoy.
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COINBASE:LINKUSD
by EdgarTigranyan
101
LINK/USDT TA UPDATE!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this LINK/USDT update. LINK looks very strong here and currently trading near the strong support zone. Chainlink is a decentralized oracle network that provides support to advance smart contracts on any blockchain. You can buy some LINK near the support and hold for mid-term. It gives you a very good profit. Also, fundamentally it's very strong. At the end of December, they are planning to integrate with SOLANA. So buy some in the given range and hold it. Entry range:- $17-$20 Target:- 100-200% SL:- $14 If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Long
by CoreCrypto1
4
Chainlink (LINK) - DescendingChannelPatternGood day all, it's been a while since I dived so deep into the charts but to me it's all becoming a lot clearer which way we could go in the coming weeks/months. There could be great opportunities to make some really good investments in the BIG caps again. Small explanation for Chainlink we are currently in a descending channel, yes we can still go up a few percent in the coming weeks but for the long term it does not look good for Chainlink in my opinion. We made the HIGH on May 10, 2020 then a low on July 19, 2020 and it looks like we have now made a lower high on November 08. For now, it looks more like we could go further down. My targets are $10 - $6. Of course I hope we are going to go much higher with everything, But taking profits and being prepared for lower targets is of course never a bad thing. I hope this was helpful, please let me know.
by Robinkok
Chainlink Survives Crypto Crash: Slightly Altered Bullish SetupChainlink ( LINKUSD ) pulled back violently along with the rest of the crypto space on December 3-4. While some cryptos had their bullish setups destroyed and others were left relatively unscathed, LINK falls in between. While the nested very bullish PURPLE 1-2,i-ii setup that we had got invalidated with the break of the 20.83 low that we had with what WAS the purple subwave (ii), LINK did NOT break the midsummer low of 13.55, which will now serve as MAJOR support. Breaking that would put us in the Red Alt pattern, which can take us down into the 10-dollar range. Our new GREEN pattern sees this recent low of 16.87 as the true subwave (ii) with the previous purple subwave (i) remaining as-is. As the new green pattern has this deeper subwave (ii) retracement, our projected targets drop slightly across the board. If we can hold the 20.83 support on any pullbacks, our subwave (iii) is targeting 71 - 92 for nearly 3.5x return. After a possibly lengthy 4th wave sideways consolidation, the subwave (v) and our eventual rally top projects between 107 and 137 for a 5.5x return. If you already bought the dip (BTFD), good on you! But as always, please be mindful of your own risk-tolerance and investing strategy. If you're still looking to buy, DCA (dollar-cost averaging) may be a good choice as it reduces emotional attachments and reduces the risk of buying peaks. The 0.382 extension of the larger structure at around 124 remains a very strong long-term resistance that I don't expect to clear on this current bull run. In fact, I believe that it will coincide with the major long-term top we will see in BTC and ETH after which we may have a painful correction across all the cryptos. This top would be a great time to take profit and reinvest into other asset classes or Stablecoins. I would expect LINK to fall hard but BTC and ETH to fall even harder and much longer as they will be topping in a MAJOR wave 5 off of a nearly decade-long impulse wave. But there is a great silver lining in what may be a multi-month or even multi-year swoon in the crypto sector. While the major cryptos such as BTC and ETH may underperform, LINK could be entering a strong 3rd wave rally. Assuming that our rally from around 13 to 124 is only a subwave 1 or a much larger 3rd wave, we've got clean targets for 450 and well beyond. In other words, the long, grueling Wave 2 pullback may provide us a GOLDEN opportunity to make a life-altering purchase with outsized returns in subsequent years! If you've missed out on buying LINK or are feeling FOMO, remember to keep you eyes on the prize! I use Elliott Wave analysis to project price levels for different assets and asset classes. EW is a form a technical analysis that is absolutely NOT based on fundamentals. Please be aware that this video is not intended to act as financial advice. I am not a trained or certified financial professional. You may invest based on a strategy tailored to your own skill and risk-tolerance levels. #chainlink #bitcoin #ethereum #crypto #cryptocurrency #fence #blockchain
COINBASE:LINKUSDLong
by Critique-al-Thinker
1
LINK - at weekly support, showing some bullish signsThe current CoinMarketCap ranking is #21, with a market cap of just $10,000,000,000 USD. We all remember famous chainlink run from 0.5$ to 50$, but after it LINK enter into long consolidation. Considering CMC ranking and M.Cap od just 10 Billion (for example, at the same time DOGE is at 22 Billion) LINK should reach 50 Billion at least in Q1-Q2 next year. Price action created big triangle with clear support (15-19$) which held pretty well few times. Notice barely visible hidden bullish divergence on RSI and Stoch RSI oversold condition (yes, it can stay oversold for some time, but it is sign that bottom is somewhere around the corner). Watch for Anchored VWAP dynamic supports (from bottom which is great area for buy orders and other from top, which when broken will indicate bullish sentiment and probable ATH retest). Don't forget about upper boundary, but considering current market condition, I wouldn't be surprised if Anchored VWAP comes to upper boundary (Q1 2022). Just to reach previous ATH, gain would be 150%. Risk/reward looks very favorable in my opinion.
Long
by Philippe_0x