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Chainlink Price Channel Continuation 2021Next chart is devoted to one of my favorite Cryptocurrency and Blockchain Projects so far. Chainlink and its native Token $LINK (Chainlink). Initially, my first idea of this Chart was tweeted on the 01.June on Twitter (Find below). Chainlink is pursuing a clear Price Channel started in 2020. It's noticeable, that the MACD in combination with RSI Indicator working pretty well for great price entries. I'm a long term investor and always hunting for great Entry Points. Now, Chainlink Price is experiencing a hard down movement but holding the Line above the lower Price Channel Zone. Just a look to the MACD and RSI , a bit of downtrend could be possible to close the RSI GAP (Touch of oversold zone). If the Crypto Market and especially Bitcoin recover faster than expected , certainly Chainlink will move up as well. Comparing the former down trend cycles, after each bottom confirmed by MACD & RSI, 100 days of uptrend could follow. So let's see, what the Market Quarter End Close will have in the bags in terms of results, because we all know, that Traditional Markets are also affecting Crypto Markets in both, positive as well as negative. No financial advice, no investing advice. Just thoughts and ideas. Call of Crypto, out!
Long
by David_Awookee
RLC/USDT 1hr - Breakout Imminent! Oracle Szn?The only doubt I had about this set up was the lack of volume; however, RLC is an oracle and oracles like to run together. Not how Chainlink is ignoring the dip, which indicates upside for RLC and other oracles. I believe this will breakout with great upside once BTC chills out - it has been holding the bottom range throughout these dips. I have been accumulating at the bottom of this pattern with a SL at invalidation around $6.30-$6.50 - depending on your risk tolerance. As always, keep and eye on BTC and DYOR. Cheers
by chadbchilln
2
DIA 77% Gain to New ATH @$7Oracle Season is here, DIA 77% Gain to New ATH at the 161.80% Fibonacci level @ $7.6. On the 2nd March the swing call script triggered a strong buy signal as the 13 EMA crossed up above the 50 SMA which was the start of this parabolic impulsive move. DIA has since grown 178% from $2 to a new ATH $5.77 on the 05/05/21. Since reaching a new ATH on 05/04/21, DIA has retraced down 48% and over the last month DIA was in a accumulation period trying to find support from the new ATH forming a Double Top. DIA failed to hold support at the new ATH, on 18/03/21 the 13 EMA crossed down Below the 50 SMA signalling a strong sell signal with profit takers still in the market, the downward selling pressure continued with the price breaking below the 200 SMA showing some signs of bearish momentum but as we have such strong fundamentals from this project and the whole market, it is clear that we are still in a bullish continuation pattern. We expect a 80% move similar to that from the 25th to the 5th April from the current set up over the next few weeks as we see more interest in oracles back in the market. Use the Buy Zones to Map your Buys, Happy Trading :)
Long
by CryptocurrencyMagnet
BAND IN A MASSIVE CUP-AND-HANDLE FORMATION & IT'S PATH TO $50!On the daily chart, BAND is living in a picture perfect cup and handle formation. If you pull up this formation in a search engine, you will see what BAND's daily chart looks like. BAND being one of the most popular protocols aside from LINK & usually holding it's price at around 50% of LINK's price, it is set to go higher. Once it gets through ATH to $25-30, I don't think it will stop until $50-ish. BAND is also a relatively low cap coin, 10x less supply than LINK (!!!) And yes, this also means I believe LINK could get to around $100 once the currently often mentioned "Oracle season" takes place, maintaining the approximate 2x price of BAND. While I don't think BAND will overtake LINK, I sure hope it will give it run for its money. Of course, all of this is subject to the mood swings of the big boss, Mr.Bitcoin. Full disclosure, BAND is one of my most favorite coins of 2020/2021 since $4-5 and paid my rent many times. Not financial advise; I am just the dude typing stuff for free :) Don't listen to me - this is my second idea ever! May we all manifest lots of wealth.
COINBASE:BANDUSDLong
by Wealthmanifest
4
$LINK 1D bullish expectations 150k-240k satsConservatively, all time horizontal channel in blue provides optimistic floors for link going into 2021 and beyond, with a current trend in range of the pink trend, creating a possible C&H scenario with 150k - 244k sat value in reach. Expect a maintenance of bullish range if we brake above/bounce off green line in coming weeks. Reasons to be bullish (besides the out-standing all time performance of Link against USD, which has consistently printed higher lows for long-hodlr's over the past four years) . ◘ Chainlink Whitepaper 2.0 has released ◘ Close relationship with Arbitrum/Offchain Labs , on forefront of delivering L2 scaling solutions for $eth gas inflation ◘ Close relationships with leaders in DeFi, Bancor, Aave, Yearn, Sushi, Synthetix ◘ Chainlink Hackathon winners have been announced, some of which will likely go on to be major DeFi players (some names from previous bullet came out of chainlink/smartcon summit incubators as well). ◘ Continued close relationship with World Economic Forum visions for the future of Decentralized technology ◘ Sergey has been glowing recently in public interviews, having stated he is attracted to this technology for the "Lack of bullshit", in reference to recent embarrassment of Legacy systems locking user funds in the WSB/GME pump spectacle, as well as suggesting that we should expect DeFi to "add a zero" as it grows towards a 500b total marketcap ◘ Chainlink remains the de-facto, premiere oracle solution in the space, with over 500+ integrations, 10's of billions in user funds secured in #DeFi protocols powered by Chainlink ◘ Staking will create a virtuous cycle for the entire chainlink ecosystem, compelling the price of Link to steadily, continually rise into the long-term future as it secures more value, which creates more security, allowing for higher and higher value smart contracts to be secured up to as high as they would need to be for supplying an industry standard, world class oracle solution capable of securing the highest value contracts in the age of data.
Long
by LinkHermit
1
SHORT-TERM SHORT link(Chainlink) /USDT/(daily timeframe)Hello traders and investors 🙂👋! Today I was checking out some CHAINLINK, and I noticed I am seeing a similar pattern to BTC. I suspect we are headed down in the near future and will eventually intersect with the Purple trendline drawn, and then shoot up ⏫ to create a new ATH (all time high, at ~$45.56.)💜🤔✔↗ At that time it will be very important to watch closely and pay attention to market news etc..👀😃🕞📝🌎📌📅 CHAINLINK has a large CMC(Coin market cap) at 16.6B🤯, but it is a very desired Oracle network😮😌👌 LINK is one of the most successful data providers to many blockchains (through smart contracts,) of real world data 🌎✔👍⛓🔗👏🆗😃 Let's see if the market can maintain it's insane bull run🐮.. with this exponential virtual boom that's happening across the board(BTC, and many digital assets, NFT's, virtual land, etc.. have gained attention more than ever before, during this technology driven era!)✌🎰🖥📴📳📷💰☣☢ I always recommend looking at multiple charts/researching in depth before investing large amounts of money! 🆗💲🧐 🛑🛑🛑This is not financial advice🛑🛑🛑 Above are approximate targets based on fibs and major trend-lines etc. I always recommend looking at multiple charts when making a big investment, thank you! Always have a stop loss ✋🛑💲 set Any thoughts 💭💡, questions 🙋‍♀️🙋‍♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments always welcome. Thank you for reading and trade safely!!!! Jazerbay ☯
Short
by jazerbay
19
BAND/USDT Long Term PictureSitting at ~300 mil mcap, BAND has underperformed the market since January along with the entire oracle sector, and because of that it's really not been mentioned much. Zooming out though we can see it's been ranging within an accumulation range, close to the previous ATH. Accumulation, in a bull market, at an ATH is when you want to buy; as this is when large players are building their positions. TA wise a bullish divergence is forming, stoch has reset, and ichimoku is bullish. We can also see there is a clear long term parabola in formation. I have high confidence that this parabola will play out, and as such I've taken a large position. However, it's important to understand that when you're trading charts on high time frames you often will be waiting extended periods for a breakout and may be forced to be underwater for a bit. Don't be concerned with the intraday price action. This coin could easily trade up to a $3 billion mcap which would be a 10x from here Good luck.
Long
by gumbowizard
2