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Chainlink LINKUSDT Chart long term view Technical Analysisin this chart you can see Chainlink chart (LINKUSDT) I was share my knowledge and my view as well, Chainlink current market rank #21 and it's fundamentally strong project, We can clearly seen Link hold two years old support $5-6 July 2020 Link break this Resistance level and hit ATH $53 in may 2021, After that we can see rejection from $53 and price start going downside, finally hit $5.5 in may 2022 and it's a strong Support Zone now, So if you're looking to buy and hold this fundamentally strong project Chainlink, I was explain everything in this chart. What our buying zone and also our target for mid-term and long-term as well. Wish you all the best. Make Profit and Remember Rashid
Long
by globalrashid
LINK/USDT - Potential Short ScenarioHello Traders! LINK movement within the descending trend began to accelerate, which may indicate the soon completion of the falling phase. If we take the correction of the cryptocurrency index (Bitcoin) to $20,000 - $22,000 as a basis, we can assume that the zone of interest of buyers will be below the current price marks. A suitable price range for asset recruitment in the medium term would be the in the $2.83 - $4.60 zone We should start the intake of the asset closer to the support level of $2.83, in the range of $2.83 - $3.32. The profit-taking targets in medium-term purchases will be the price levels of $6.86 and $8.38 Good luck and watch out for the market P.S. This is an educational analysis that shall not be considered financial advice
Short
by UnknownUnicorn10064030
LINKUSD - Breaking down lowerThe price has broken down the Fib Channel 78.6% level, and it is anticipated to get down to the 100.0% (from the top) in the near future which would bring the price to around $8-$9 per Chaninlink token. To draw this Fibonacci Channel, the main trend line connects local high points. If the price does not hold this level ($8), the 123.6% Fib level could be the next support level. RSI has been descending and getting closer to strong support. **This is not Financial Advice** In my opinion, it could be a very good accumulation opportunity for LINK lovers.
COINBASE:LINKUSD
by PersianAnger
LINKUSD - 15 min watching this line. Market wide.I was just mentioning this to another trader with very nice chart work. He had bitcoin shooting up. But if you look, even if that us where we are headed, you will need a drop down. Think about it like the superhero take off into flight. and superman, the new ones, where he almost pushes into the resisted form of the earth to absorb the energy of force. We need that dip into the pool of belief. I think that will be a main factor in the height of the next leg of consolidation.
COINBASE:LINKUSD
by mindfree
3
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
LINKUSD 13.36 - still testing - Watching for Break - Seeking 7I like lINK as a project. I am learning this as i go, and it is useful, that it seems i need to continuously recount. It does enable me to find more connections along the way. Im not sure of the social response aspect. But Link is like little digital suit wearing personal assistants. I don't see a reason why this sector would be single chain dominant. Id say it's more like little service companies for value trace and transfer.
COINBASE:LINKUSD
by mindfree