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Cryptographic Truth Final Run (Chainlink) (Re-Upload)The fractal continues to play out like the last Chainlink Cycle. I started to see a bump and run pattern forming, so I went back to 2019 where we are now in the fractal, and we find the same pattern: a textbook bump and run pattern. There is now a very high chance that we will reverse from this point; we just completed the throwback with a double bottom candle pattern. My position is still open from 14.6 and being added to the long position under 14. At the moment, LINK is consolidating under the 1/1 Gann Fan, as you can see below. According to the fractal, we don't get the real break till the 1st of December; it might look something like this. The condition for this theory on the fractal playing out being invalidated is if Chainlink loses this lower high structure and breaks this red support trendline.
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COINBASE:LINKUSDLong
by Sporia
89
LINK/USDT 4HInterval ChartI invite you to review the LINK chart in pair with USDT. First, we will use blue lines to mark the upward trend channel in which the price is approaching its lower boundary. In this situation, we will unfold the trend based fib extension and check the support areas. And here we can see that the price is above the strong support zone from $14.42 to $13.60, but if it goes lower, we can see a break from the channel and return to the support area at $11.31. Looking the other way, we see that first the price must overcome the important resistance zone from $16.57 to $17.31, which would also result in an exit from the channel and after breaking the resistance at $18.26, a path towards $21. Please look at the CHOP index, which indicates that we have more and more energy, on the RSI indicator we are moving around the middle of the range, but the STOCH indicator shows a clear recovery, which may result in a greater price drop.
by cryptodailyuk
Chainlink The Moment Of Cryptographic Truth (re-upload)It is now the most important time in this whole fractal; it's been over 381 days, and Chainlink continues to mirror its past. Link is now in a Pennant pattern, which is a bullish pattern. The question everyone is asking is, is it over? Has it stopped mirroring? The answer to that is no; it has not stopped mirroring as of this moment. As you can see, even throughout this segment of the fractal, it's been a pretty close 1:1; even this deep pullback is very similar. It's extremely important that Chainlink now holds this higher lower structure for the fractal to play out its final move. Sometime in the next 24 hours, the price will reverse if the fractal is to play out. As I have documented in this large series of TAs, Chainlink is moving around 50% less than the last cycle. Even this move up from the start of this wave was about 50% less than last cycle. So if we measure from this point in time, 100% gets $26, which is one of many reasons my new target for this final wave is much lower than I expected. But as new information comes in, we change targets. We have a lot happening around that number. The 2/1 Gann Fan around the timeframe I set hits $27. We also have three Fib levels around that area: - 4.236 Accumulation level Fib - $24.4 - 4.236 Pennant level Fib - $28.9 - 0.5 Marco Level FIB - $28.6 So why the timeframe? Why December 15th to 25th? The first date is straightforward; it's when the fractal pattern tops out. So by December 11th, the price should be back at $16.5 if the timing of this is going to play out the same. The second date I set is December 25th. The reason why I chose that date is that the final wave in LINK's movement normally takes 14 days from the break of the range. If the fractal continues and it does breakout on December 11th, it's possible that the top would, in fact, be in 14 days from the range break, which would be December 25th. As long as Chainlink does not break this Pennant structure, everything is still under control. If the Chainlink closes under this support and creates a lower low, everything goes out the window pretty fast. It's the most important moment! Re-upload guys , TA was taken down under house rules , my bad.
COINBASE:LINKUSDLong
by Sporia
41
LINKUSD: Two buy entries for a 28.850 target.Chainlink is bear the 1D MA50, a support level that has been intact since September 18th (almost three months). Despite the strong pullback, the 1D technical outlook is only neutral (RSI = 46.740, MACD = 0.490, ADX = 23.241), suggesting that the trend remains bullish and rightfully so as the pattern since the September lows is a Channel Up. That emerged after the longer than 1 year accumulation phase ended. There is an interesting symmetry so far with the Channel Down (March-May 2022) that led to that accumulation and if it holds, then we might see the 1D MA50 break and the price entering the Symmetric S1 Zone. That will be our 2nd and final long entry. In both cases, we are targeting the R2 level (TP = 28.8500). See how our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:LINKUSDLong
by InvestingScope
LINKUSDT at monthly resistanceLINKUSDT has hit the monthly resistance MR1 and the upward move has been blocked by the monthly resistance MR1. The price attempted this resistance a few weeks back and got rejected. However, it made another attempt last week only to result in being pushed down. The price is currently trading just below the monthly resistance. Once this resistance is cleared in coming days, the next target would be monthly resistance MR2 which is sitting around 27-30.6. Looking at the price action, it seems that the price will break this in coming days and head towards MR2.
by angela_altair
Chainlink’s Early Access Staking Attracts $632m in LINKChainlink’s early access staking program quickly maxes out, with $632 million in LINK staked, indicating strong community interest. This move to provide a revamped staking model is reportedly part of Chainlink’s Economic 2.0 plan. The project said it would expand its ecosystem to new users and reward stakers for on-chain participation. The price of LINK surged as much as 12% on Dec. 8 when early access was announced and the crypto exchanged hands for around $16.61 per Coingecko. LINK’s price surged 35% in late October 2023, ahead of the new staking mechanism.
Long
by DEXWireNews
Upward Triangular PatternChainlink (LINK) has successfully breached its upward triangular pattern. The Fibonacci retracement level at 0 indicates a pivotal price point of $17.32. Should Chainlink surpass this threshold, it is poised to approach its next resistance level around $20. Currently, Chainlink is undergoing a critical test of support at the 0.5 Fibonacci retracement level, a key juncture in its price trajectory. This analysis is for informational purposes only and should not be considered as financial advice.
by MonoCoinSignal
Cryptographic Truth Part 2 (Chainlink)Part 1 The bar pattern continues to play out like clockwork, but for how long? There comes a time when every bar pattern decouples and fails to mirror. One of the most amazing bar patterns I followed was in 2022, where a distribution bear market fractal from 2018 started forming at all-time highs for Bitcoin. For the next 218 days, this bar pattern mirrored 2018. It was mind-blowing, also the easiest trading year by far. The TA below was published at the start of 2022, so we knew how the whole year would play out with incredible accuracy. The key to finding out where the top will be is within Bitcoin; almost every big move Chainlink has made last cycle has been followed by a large Bitcoin move as well. So if we go back to the very first time Chainlink broke a massive range, we can see Bitcoin had a massive move up in 2019. This right here is the only move where Chainlink moved up without Bitcoin, and it only managed half its impulse wave before Bitcoin moved up. It's the only time in history so far. The next and last range break was again followed by a Bitcoin move, and the final push to Chainlink's all-time high to blow off top was followed by Bitcoin moves. So once the range breaks, Chainlink has a very distinct pattern, as you can see in the chart below; it's always the same: One impulse up One Pullback One impulse up That's it; then the move is over. It happens very quickly. You can see there the two times it's happened outside of a bull market. It took 40-50 days. 2021 took double, most likely because we were in a bull market. We are definitely not in a bull market, so expect the move to last around 50 days. Let's take a look at what happened in the Bull market. Chainlink already made a run from 10 dollars up to 53 dollars; we are at 10 dollars right now. 2021 Bitcoin - 23,500 Chainlink - 10 dollars 2023 Bitcoin - $30,600 Chainlink - 10 dollars The difference is massive from 2021 to 2023, but regardless, both assets ended up hitting the golden pocket at the same time in 52 days! Amazing stuff really; both are much more in sync than I ever expected! So if we take the bar pattern (BTC) of the cycle low in 2015 and overlay it on today's price action, we get the following. Pretty close mirror, especially the first cycle bottom in June 2022. So if we look at what fib level that was in 2015, we can see Bitcoin topped out just under the golden pocket. Now, if we go back to the comparison chart of BTC and LINK, we can see that if Bitcoin did, in fact, top out under the golden pocket, that would then put LINK at $25. So if we take a look at the macro and range Fib retracements, we can see that the 4.236 range retracement for LINK comes in at $25. Everything you've seen in this TA is how I arrived at the most probable outcome for Chainlink this year for . This TA can change very quickly depending on what level Bitcoin is at, so it's basically near impossible to predict where it will top. As new data comes in, we will change targets, so don't take this to the bank. One thing is for sure, the bar pattern will guide the way. The main thing we need to focus on here is the first pullback in this zigzag fractal. Where it pulls back will give us a massive clue on where it tops. Now I want to finish off by adding a crazy outcome for LINK. This has a low chance of playing out, in my opinion, but anything is possible. So instead of LINK topping out at $200 in October 2025, it tops out at $750. This would basically be a mirror move from 2019 in terms of fib levels. Highly unlikely, heck if we made a 100% retracement by mid-November, it would be possible.
COINBASE:LINKUSDLong
by Sporia
21
Cryptographic Truth Part 3 (Chainlink)TThe fractal continues to play out with amazing accuracy in timing and degree of angle; it's pretty amazing to see it play out live. I closed my leverage long at 13 dollars; it was an amazing run, but the risk is far too high for me now. I will explain why below. In two days now, according to the fractal, we will start a fairly deep pullback that will shake out a lot of traders. Let's take a look at the RSI levels on the 2-day chart. As you can see, we are at extreme overbought levels on the RSI. In the entire LINK history, only five times have we come to these levels. So what you can see here is that when we break the range and reach our first local top of this zigzag pattern, the RSI comes to this exact level. So I believe we are very close to this local top and the first pullback in this fractal. The last two times we broke ranges, we had pretty deep pullbacks. The first time was 40%, and the second time was 27%. The next Fib target is 15 dollars, a 0.618 retracement from there would be 10.2 dollars, and a 32% pullback, which would be the deepest pullback in an uptrend LINK would do. Something I've talked about a lot is LINK/BTC dominance, and that is the most bullish chart for me. Price is good, but the dominance chart right now has broken the 1/1 Gann; it's time for turbo mode. It is day 343 of this pattern, mirroring its predicted every move to the up and down for a year. To ignore it now and say in 2 days it's going to decouple and carry on up, blasting till 50 dollars, is a dream. We trust in the fractal and RSI historical data! Now is the time to bring out the secret weapon; it's been some time since we used it and published it. USDT dominance chart has been the key for me, hitting so many home runs really. This channel I have been following for years has predicted every top and bottom for years. It's been straightforward when we get to the top or bottom of this channel, and right now there is still room to run. If it's December 15th and we are at the bottom of this channel, which is the same time Chainlink should top out on this macro move, the top is in! The perfect sell signal comes in if those two things happen at once! This is another secret weapon, it's a Chainlink chart, and we basically still have room to run for now also. The stage is set for a pullback at around 14-15 dollars. I won't be shorting it but preparing for a new long position if that pullback comes down into the 22nd of November.
COINBASE:LINKUSD
by Sporia
33
Cryptographic Truth Final Run (Chainlink)The final run is starting, ahead of schedule it seems! The fractal did not play out the same during this section; it seems we are running much faster! Normally, during this part of the zigzag fractal, Chainlink takes 12-15 days to bottom, but we seem to have done so in only 6 days, half the time it normally takes. I have covered this in all the previous Chainlink parts with pictures; take a look at parts 1-3.(Links Below) The golden pocket sits at $35, and the fractal date when it tops out is December 15th, 2023. A mirrored move would take us to $30 mid-December. I don't believe we will mirror because history shows us this final leg is much more extreme than the first. This TA below of a BTC/LINK Fibonacci time sequence has been correct for years at predicting Chainlink events the next date is April 24th 2024. Whats going to happen who knows but what we do know is when these dates arrive things happen with Chainlink . Already re-entered my long here, got in at $14.6 after the descending wedge broke. This rally is only going to last until December. After that, there will be blood, one more flush out for sure. Below, I presented why, in a Bitcoin TA, sometime from March-April 2024, there will be something big happening that takes Bitcoin down to $20k, and if that happens, LINK will also be coming down.
COINBASE:LINKUSDLong
by Sporia
5
Cryptographic Truth (Chainlink)I know the chart looks ridiculous; it's hard to visualize such crazy vertical moves, but we have to follow history, and so far, we are still mirroring the last link bear market. When you go back and spend time analysing Chainlink movement, you can you see that all of the big moves happen within a 40 day window, yep thats it 40days, extreme volatility and then its over in a blink of an eye. Lets go back from the very start of Chainlinks history, well atleast to where the Coinbase chart starts. 2017 The first ever big Chainlink move from start to finish happened in just 40days. 2019 The second big move chainlink did lasted just 46 days and it was over , as soon as we broke the range we launched straight up to the 3.618. 2020 The next move higher was again the same break of range 41days till top. 2021 We also did something similar here we broke the range and within 30 days we break all time high again , then kept on pushing higher during the bull market for the blow off top. As you can see when chainlink breaks this range it could just be 40days of "only "up" and then its over. For the past couple months I have been following this bear market fractal that played out of chainlink last cycle. Its been close , very close , even now the last pullback was nearly the same . So if the pattern continues to play out Chainlink will break out of the range October which lines up with "smartcon". In the last TA about chainlink I went over all the past Octobers and saw that there has only been one October that chainlink has finished in the red , just when it got listed. Oct 2017 -55% Oct 2019 +49% Oct 2020 +28% Oct 2021 +19% Oct 2022 +2.75% So where does it go once the range its broken, thats the magic question if it repeats last cycle we talking about 170 dollars by January 2024. I think if there is a explosive move it will be back to all time high just under the 8/1 Gann Fann. My Eillot wave indicator is lining up with the 8/1 nicely and again the move would only last 40ish days Chainlink broke all time high four times before the cycle peak with Bitcoin, question is will it do it again.
COINBASE:LINKUSDLong
by Sporia
19
It's Time , Chainlink RallyStart here: At the bottom of the comments of the TA above links to the next in the chain. We have been 518 days in this range; you have had 518 days to buy Chainlink under 8 dollars. I have been following this range for a very long time, and now I believe it's time we finally break it to the upside. The bar pattern keeps on playing out perfectly, so the next step of the fractal is a test of the top of the range with a break this time. If you looked at the TA I linked above, you should know that we have been following a very specific bar pattern. Chainlink had a small pullback at the top of the range back in 2019, which is very similar to what's happened right now. In 2019 there was a pulled back to the 0.618 Fib before making the big move out of the range and now we have a pullback to the 0.5Fib very similar moves. According to the bar pattern, we will break the range in the next 7 to 10 days. Once that happens, the chances are there will be a multi-month rally, which is not to be confused with a bull market rally because the bull market does not start until the end of 2024. If you've been procrastinating about buying Chainlink, your time is up. We looked at Chainlink's history; we know that after a break in the range, we could get a very aggressive move. There won't be time. I think I have covered everything in the last few TAs on Chainlink. The time is now; the trade is simple: 2XL leveraged Chainlink tokens on Bybit, and we hold till December 2023. Whatever the price—20, 35, or 50—that trade will be closed based on time and the bar pattern fractal. So to conclude: 1. First bullish monthly cross on Chainlink's history MACD 2. Bullish bar pattern fractal mirror 3. Lower high candle structure the weekly 4. Break of downtrend resistance on the LINK/BTC 5. 518 days of accumulation
COINBASE:LINKUSDLong
by Sporia
43
🔥Bitcoin is Going to Make It: Will 2020 vs 2023 Pattern Repeat❓Bitcoin draws the similar to 2020 pattern. What is this pattern? 1. Dump from the highs by -15-20% 2. Creating the High(H)-Low(L)-Higher Low (HL)-Lower High(LH)-HL-LH structure or a simple triangle before the breakout. 3. Psychological pressure on retail or FUD: 2020: Dump of Bitcoin below $3k 2023: Binance and ETF FUD The small diference is the Lower lows (LL) in 2023 (now) and Higher lows in 2020. I think this was just the manipulation by the "whales" to trap the retailers and collect more liquidity. It's clear that ETF will be aproved when no one expect it. I think that the targets for BTC will not be higher then $34-40k. Altcoins will pump by 3-10x depeneds on your portfolio. Such major news (aplies of ETF etc.) always finish the growth of Bitcoin. $34-40k will be a local highs before the -40-50% pullback and continuation of the parabolic growth during the 2024. like❤️ and follow Check the links and get a BONUS🎁 from me👇
by Alex_Dehtiarov
12