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Linkmarines

Is the LINKBTC chart projecting more #DEFI & #ALTCOIN pain?Since topping out nearly 4 years ago the #LINK versus #BTC ratio has been down and to the right, with relief rallies being sold into. Clear trend of lower high's and lower low's. The trend has not been friendly to the Link Marines! Are we repeating the tale of #XRP and their faithful army? Both get dumped on by the their respective foundation or founding company. Both claim Banks will use their products / software ... Link does have #CCIP usage but it is not the only #interoperability solution. We already have #RWA on the blockchain.. they are called #stablecoins. Either this ratio is in danger of breaking down. Which maybe signalling a broader #Altcoin market demand destroying period.... Could #geopolitical tensions explode this summer to cause a massive #RISKOFF event and the #Dollar to spike?
by BallaJi
4
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
Link Lookig for a Run!!Chainlink has felt the bearish pressure from throughout the market, we came all the way down to about 13.42 at our 0 FIB level but have since made a strong recovery to the upside! We are currently trading inside of a bullish triangle with a forced breakout happening in aprx 3 days, this means if we don't see a breakout in the next couple days we will be forced outside of the triangle in either direction. Looking at our pivot points we saw strong support at the S1 level and our next target is definitely going to be the bullish pivot point, a climb up break and close above this level will give LINK that bullish momentum we need to start making more significant moves to the upside! But first of course we must breakout bullish from this bull triangle, sometimes what happens is we see a false breakout for example a few days of a bearish breakout before then rebounding to the upside, this would be to fakeout traders and the goal would be too liquidate short positions! Looking at our supertrend we notice that we just reversed from a bearish trend into a bullish one, we saw a significant run of red on our recent drop and it looks like we could be in for a nice stretch of bullish movement, very rarely do we see a short 1-2 day period of either red or green on the supertrend, we usually see full moves like we have on the chart right now. Looking at our MACD we are coming up on a potential strong bullish cross, we have had a long period of bearish movement on the MACD with huge separation within the MA's and now it looks like we got the chance to have the same sort of run on the bullish side. What we are looking for here is a strong bullish cross with big separation in the MA's and more importantly a strong push on the histogram into bullish territory, we want to see increased green bars day after day showing the rise in bull momentum, once we start running flat or decreasing the bullish run is likely going to start fading away! Not financial advice just my opinion!
COINBASE:LINKUSDLong
by JacobR905
3
The MARKET CYCLE EXPLAINED - LINKUSDT Make sure to LIKE and FOLLOW for more VALUABLE content! Thanks What are Market Cycles? Market cycles refer to specific patterns in the market that form with shifts in the market or business environment. Some groups of stocks may outperform others during a market cycle if the cycle improves the stocks’ fundamentals, which is why it’s important for traders to identify the current cycle of the market. It’s hard to measure the timeframe of a market cycle that is still active. For some traders, such as scalpers, a market cycle may last only 10 minutes, while for position traders a complete cycle may end after a year. On the other side, a Kondratiev wave or an Elliott wave supercycle may last up to 60 years. A new market cycle often forms as the result of changes in the regulatory environment, technology, or new products. Earnings of affected companies often rise or fall during these periods and show a similar growth pattern. While it’s quite difficult to pinpoint the beginning or end of a market cycle, they all go through the same stages and are cyclical in nature. All cycles rise in the beginning, peak at the top, dip and bottom out in the end. The end of one cycle represents the start of a new cycle. Understanding how each stage of a market cycle works can make a real difference to your bottom line. As noted in the introduction, a market bubble is nothing more than a market cycle, and understanding the main characteristics of stages can help you avoid being caught off-guard. There are four phases of the stock cycle: accumulation; markup; distribution; and markdown. The stock cycle is based on perceived cash flows into and out of securities by large financial institutions. What is the first phase in market cycle? #1 Accumulation The accumulation stage is the first stage of every market cycle. It starts with the end of the previous cycle when the market has bottomed out and stock valuations show a low P/E ratio. This is the best time to buy in the market, as prices are low and a trend reversal hides behind the corner. However, spotting the beginning of the accumulation phase is not an easy task as markets are generally still in a downtrend. A good idea to get a feeling of the current phase of the market cycle is to follow market news. The start of the accumulation phase comes usually in times when the bearish sentiment is at its peak and traders run to sell their holdings, pushing the prices significantly down. However, value investors and smart money (hedge funds) start to buy those undervalued instruments and the downtrend begins to lose momentum. Flows are becoming increasingly bullish and prices have difficult times to form fresh lower lows which also offers buying opportunities from a technical standpoint. Try to look for usual reversal patterns, such as inverse head and shoulders patterns, and double and triple bottoms. #2 Mark-Up During the mark-up phase, markets start to consolidate and prices begin to move higher, attracting a large number of buyers who want to join the new uptrend in its early stage. Since prices start to form fresh higher highs and higher lows, technical tools also start to send buying signals and the general market sentiment begins to change. Spotting the mark-up phase is somewhat easier than identifying the accumulation phase. News articles become more optimistic and the buying pressure continues to push prices higher. Near the end of the mark-up phase, buyers are waiting for any sign of a price-correction to enter the market at more favourable prices. The late majority of buyers are stepping in, push valuations to record-highs and give the market one last push higher. This new wave of buying orders is usually used by early buyers and the smart money to get out of their long positions as market sentiment turns from bullish to euphoric, signalling the end of the mark-up phase. Traders can take advantage of the mark-up phase by riding the uptrend as long as it lasts. Technical traders may use trend-following strategies and buy at each higher low during the uptrend, while fundamental traders may get their buying signals from improving market news and higher company earnings. #3 Distribution At the end of the mark-up stage comes the distribution stage, identified by the absence of fresh higher highs and a slowing buying momentum. During the distribution stage, prices are often ranging for a long period of time, as each buying order gets immediately matched with a selling order, i.e. there’s an equal power distribution between buyers and sellers. The bullish market sentiment that pushed prices higher during the mark-up stage starts to vanish and turns neutral. Technical traders can identify a distribution phase by the formation of classic reversal patterns, such as head and shoulders patterns, double tops, and triple tops. This is a great time to sell in the market, as prices reached new record-highs and valuations are at their extreme. Fundamental investors usually stay at the sidelines and avoid to add to their long positions, waiting for a deterioration in economic fundamentals to take profits and sell their holdings. At the end of the distribution stage, economic news starts to come in lower than expected and market sentiment begins to turn bearish. #4 Downtrend The final stage of a market cycle is the downtrend or mark-down stage that follows the distribution stage. As market sentiment becomes increasingly bearish, investors start to sell their holdings and lock profits that increase selling pressure in the market. Other market participants quickly follow, sending prices lower and creating a downtrend in the market. While prices start to form fresh lower lows and lower highs, some market participants who have bought at the peak of the mark-up or distribution stage still hold to their holdings, hoping prices will continue to rise. Unfortunately, prices keep falling on deteriorating economic fundamentals and high selling pressure, pushing stock valuations down and providing a buying opportunity for investors who’ve been able to identify the end of the downtrend. At this point, the accumulation stage begins to form and a new market cycle starts over again. Thanks, LiquidMEX
Long
by SolStackz
3
Chainlink Update!Little update from our Chainlink TA yesterday! we are flying outperforming tons of coins all around the market and we are taking out some important levels on the way, we are currently sitting above a key resistance level at aprx 26.5$, the definite goal here is going to be a daily close above this level adding to our already big momentum! Our bollinger bands are looking fantastic as i talked about yesterday, we closed ontop of the top band and in turn our price action has shot straight up, continuing this tonight is going to be big, if we can manage to close our daily again on the top band we could see another day like we are today! We will almost 100% be sending price action right through the important 0.3 FIB retracement level. The squeeze momentum indicator shows us that we are in a clear bullish squeeze and with another increased bar today we are entering the explosive squeeze release portion of this indicator shown by the black crosses turning white, this is the last sort of pump in this indicator before usually fading back down, but even if we do come back down towards the midline we definitely still have the chance to extend the cycle as shown by the previous long drawn out red cycle! In comparison we are not even a quarter of the length the last red cycle lasted, so keep that in mind! Not financial advice just my opinion!
COINBASE:LINKUSDLong
by JacobR905
Chainlink Breakout!!Chainlink has been performing great compared to a lot of coins recently and we have broken out of this bullish triangle with ease, We had a false breakout to the downside which would have crushed a lot of traders. On top of us breaking through this level we also brokethrough a key level that is.. the 0.2FIB level, what im looking for tonight is a second daily close above here to really confirm the bullishness. as far as resistance levels we must breakthrough in the coming days are, the R1 pivot resistance level and also pretty heavy resistance at 26.5$ (USD). Looking at our bollinger bands we are looking very nice and bullish, we have turned the midline into a nice support cushion and our current price action is sitting right ontop of that top bollinger band, if we can get a daily close tonight ontop of this level we could be triggering a bigger scale run upwards, historically when price action closes ontop of the top BB the following price action is explosive and can rise up very fast. Now keep in mind that this all pends on BTC, if bitcoin decides to dump then this TA could be invalidated. The MACD seems to be going on a second bullish stride here, our histogram dipped down and was targeting that midline but our blue MA bounced and we are beginning a second bullish phase. Now this is a prime example of why i stress so much that separation is very important with the MACD, having big separation between the MA's makes it more difficult for a bearish cross, this also allows for some downside and cooloff without triggering a bear cross. What we want to see going into tonights daily close is another rise in our current green bar on the histogram, we wanna see an increase as this shows us a rise in bullish momentum and aswell keeps our structure going for another healthy bullish cycle. Now we are already seeing healthy movement coming from the MA's and we want to see this continue just as we are seeing it now, big separation, and an upwards pointing blue MA! Not financial advice just my opinion!
COINBASE:LINKUSDLong
by JacobR905
LINK uppdate So so so. Our Link is still in buying zone, and this presents a great opportunity. Remember, it always comes with a risk, so stop loss is always in place (mine at 18 dollars). Link has painted one of the clearest examples of the Elliott Triangle, which is almost always found in wave four correction. Why is this pattern so interesting? Because it has significant market psychology insights, as shown in the chart at point E, which is the climax of the triangle, most of the market participants are exhausted. There is a lot of bearish sentiment, with investors expecting lower prices. However, if the investors would pay attention to the chart and fundamentals, it would realise that FA is still strong and intact with some bullish news coming out, but more importantly, a higher low is in place with dry volume on the selling. This suggest seller are exhausted. Indeed the name of these moves is exhaustion moves. In this case, sellers are exhausted trying to push prices lower, and the buyers are free to step in and move the prices higher with little struggle. You can also appreciate the Elliott wave channel, which gives us the targets for wave 5. TP1 = target constructed from price pattern completion TP2 = major profit taking area with possible top formation from Fibonacci extension with golden ratio TP3 = Final target profit from fibonacci extension 0.618 (most common target for end of wave 5). It is little to say that momentum indicators all flags LINK as oversold with few bullish divergences forming. The fact that it feels uncomfortable to buy in this area with a lot of negativity reinforces the bullish hypothesis. The best trades are in painful emotional states in the market (extreme fear and extreme greed). P.S. I bought some link to my GF for XMAS. FOLLOW ME, SHARE, LIKE AND COMMENT
Long
by CFcryptoTA
3
Chainlink Ready For a Breakout!!Chainlink has been moving to the upside very solid since late september, we have been respecting for the most part this ascending channel and we are now looking like we are ready for a breakout of this bullish triangle, we are pushing slightly above the top of the triangle which is also the 0.5 FIB level, a daily close above here will be very bullish for LINK and will likely lead to some big bull momentum and also opens the door for the 0.6 FIB level at aprx 38$ (USD) Another thing to realize is that if we do successfully breakout of this bull triangle and the 0.5 FIB price action will be landing ontop of the top band coming from the bollinger bands, and this will add a tremendous amount of bullish momentum, especially if we could grab onto that top band and take it for a nice ride to the upside. if this plays out we will surely push upto that 0.6 FIB in no time, plus we shouldn't have a hard time shredding through this level. Next up the MACD we have gotten a very nice bounce after what most people wouldv'e expected to be a bearish cross! We could be setting up to go on another bullish cycle on the MACD, we are already seeing some positives here, the Blue MA is ticking to the upside while the orange stays pretty stagnant, we want to see this continue with us spreading out more and more lessening that chance of a bear cross, aswell on the histogram we are seeing a nice daily green bar with a pretty good growth start, we gotta see this continue making bigger bars each day increasing the bull momentum, if we dont see these increases a bear cross is likely. Now the RMI, this indicator signals reversals (potential), we were seeing a down trailing blue MA looking like we were going to see a bearish reversal but just like the MACD we saw a much needed bounce and now the Blue is ticking to the upside moving away from the orange which is key, also keep in mind we could see a short term reversal once we start running up just allowing for some cooldown which is never a bad thing! Not financial advice just my opinion!
COINBASE:LINKUSDLong
by JacobR905
LINK roadmap short term. Pump to the moon starts NOW ...Hi, LINK is due to an imminent breakout as RSI 1W is about to cross bullish for the 1st time since it went Bearish beginning of July (bear fakeout). I wont put the price levels for price discovery phase yet, because that would be pure Fibonacci speculation. But, my bet for LINK is around 400 euros per unit by Q2/Q3 2022. Rather I provide you with the main price levels for LINK. Price are in euros because this is what I trade but same applies to USD/T. Once we break 38.20 euros per unit, and confirm by bouncing on new supoort, RSI 1W will trigger a huge bullish signal, sending it to 43.00 euros. It will need to work on the price level at 33.75 for some time though, but I have little doubt this would hold for long. I also think we could break the ATH and send it to Moon just like MANA did few days ago. Kind regards, ;-)
Long
by md1312
Fractal shows bearish short term before rallye to 70 dollar?I expect more downwards before we see better days. We reached the 0.618 fibonacci level on the last retracement only by one daily wick. So we actually didn't made it above 0.5 on the daily chart what is kinda bearish in my opinion. Beside the down trend for about one month (check the lower highs on the daily chart). We are hanging on the 0.236 level right now. Also check LINK-BTC and LINK-ETH. Too many points that shows recent weakness. I also watch a fractal on the daily chart for some time. This still looks kinda accurate so far. This could bring us to 20 dollar before we rallye up to above 70 dollar. I could also imagine a flash crash to around 16.60 dollar and a quick recovery afterwards. At 16.60 there meets a horizontal and a trendline support. The fractal also shows a nice "W" in the chart, what supports the idea. The fractal also fits nicely into the fibonacci retracement. Watch the levels the fractal hits. – Though history (fractals) is of course no guarantee for future. This is only meant as an IDEA that shows an reasonable possibility and that shows off, not every swing to the downside must cause panic. It could recover nicely. But either way I keep to my plan and hold my bags even if this doesn't work out. I feel confident with LINK and I have trust in the whole project in the long run.
BINANCE:LINKUSD
by Deliciiouz
2
$LINK: Lot's of impatience and FUD on twitterHey yall. I just wanted to point out that the point of greatest fear/ capitulation is also the point of greatest opportunity. $LINK isn't doing anything flashy right now, and people are getting very impatient and fomoing hard over the NFT craze. I've been saying this the entire time.... but $LINK isn't for us prospective investors. It's not even a blockchain... it's a decentralized network of oracle nodes. It's a network built for multi-billion dollar corporations. The $LINK token is the medium of exchange in this network. The token secures, holds vital information, and is the fuel for all participants in the network. We're being patient for a 2-5 year time frame and beyond. Once the price leaves this sub $100 dollar level, that'll mean that the cat is out of the bag. That the network is in full effect. That mass adoption of smart contracts by enterprise level business is in full swing. If you don't have your stack built by then? Good luck. $LINK isn't a good investment for people who aren't able to afford holding for multiple years. I'm personally loving buying at these prices. Nothing about the amount of partnerships, the amount of progress, the amount of need for this network has changed.
BINANCE:LINKUSDLong
by its_maxbro
2