Chainlink stays very bullish Despite being one of the best performing coins recently, Chainlink's chart remains very bullish. As long as 10.80 holds, as soon as the price breaks 11.45 resistance on the 4H we fly. Longby RF_TradingUpdated 1
Will LINK Reach The $15Mark?Bullish Breakout: LINK has achieved a robust breakout above an ascending resistance trendline. Psychological Milestone: Surpassing the $12 mark, LINK sets its sights on a potential rally to $15. Retest Warning: Despite the uptrend, higher price rejections hint at a possible retest phase. Market Sentiment: Bitcoin's stagnation near $35K and the inconclusive SEC vs. Ripple case slightly dampens altcoin momentum. Whale Activity: A whale's accumulation of over 312,901 LINK tokens signals strong interest and potential market impact. Technical Indicators - EMA: A widening gap between the 50-day and 200-day EMA supports the bullish trend. Technical Indicators - MACD: The MACD maintains a bullish trajectory, avoiding a bearish crossover. Upside Potential: LINK's strong performance and whale interest could drive prices to $15 and beyond. Downside Risk: A reversal below $12 could trigger a retest of the $10 support level.Longby Coinpedia-Market-Insight0
Chainlink on a RUN Since June 2023LINK has been running on a breakout recently, but moreover, it has been building ever since early June 2023. I would like to know if this has anything to do with the recent news where DTCC and other FMIs use CHAINLINK to view and track transactions on the sandboxed chains used in these new experiments. Don't believe me - READ MORE AT DTCC WEBSITE . "In a new set of experiments, we will collaborate with more than a dozen major financial institutions and FMIs, including Australia and New Zealand Banking Group Limited (ANZ), BNP Paribas, BNY Mellon, Citi, Clearstream, Euroclear, Lloyds Banking Group, SIX Digital Exchange (SDX) and The Depository Trust & Clearing Corporation (DTCC) – to test how firms can leverage their existing Swift infrastructure to efficiently instruct the transfer of tokenized value over a range of public and private blockchain networks . C hainlink, a leading Web3 services platform, will provide connectivity across public and private blockchains for these experiments ." LINK looks like it is finding serious utility with the FMIs. Longby cnote56113
LINKUSDPrice surged to $12.29 with a significant increase in open interest on the hourly chart. Bullish momentum suggests a potential push to $14.62. 🚀💹 Stay tuned for exciting market developments! #CryptoTrading #BullishTrend #LinkLongby Richtv_official115
Chainlink Hopium - Don't sell too earlyLooking at the 3 EMAs: 20/50/100 Previous weekly EMA Cross 20/50 ignited the first Chainlink Run to 50 USD. Considering the strong fundamentals and real-world applications of Chainlink, we can be convinced to see similar growth in the future. Read For the Bars Pattern I simply took the last run from the cross-over and added to the recent crossover. Target 500USD, a reasonable 10x from last ATH and fitting to unit bias of most buyers. Other outlets and Chainlink advocates have the long running meme of 1000USD, and I can't blame them. We are still early for cryptocurrencies. In all regards. Most people look at it from a speculative standpoint, but soon we will cross the chasm to see this technology become as big as teh internet itself. Longby zymmetric448
Chainlink To Finally Turn Bullish?If so, we're breaking out of a multi-year range/channel. If not, we're headed down to at least ~$5 Longby kdeneryUpdated 151520
Who let the LINK out....????LINK $12.36 nuff said. Ok, I have to say more per posting requirements. Link has now enabled it's Cross Chain Interoperability Protocol (CCIP) this past Monday. What's not to love? This means link is now connected to just about everything. It has broken above it's $8.00 resistance too. So it now has to break out of the long horizontal channel it has been in for sometime. Longby TheCoinCowboyUpdated 7
Will LINK Close Price Above $12?Current Resistance: LINK price faces a tough battle against an ascending resistance trendline around $12. Bearish Signals: Price action indicates potential bearish reversals, with higher price rejection candles becoming more frequent. Breakout Potential: A successful trendline breakout could propel LINK towards the $15 threshold. Market Struggle: Bitcoin's struggle to maintain its position near $35K is mirrored in LINK's current market performance. Year-to-Date Growth: Despite the resistance, LINK's impressive growth over the year hints at a possible continuation of the rally. Volume Trends: Rising trading volumes suggest a growing market interest in Chainlink. Technical Patterns: LINK's price has shown a bullish breakout from a falling channel, signaling a positive market sentiment. Technical Indicators - EMA: The 50-day EMA's bullish trajectory could provide support in case of a price correction. Technical Indicators - MACD: The MACD indicates a potential bearish crossover, hinting at a possible downtrend from the resistance level. Intraday Trading: LINK is attempting a recovery after a sell-off, challenging its recent price rejections. Critical Decision Point: Chainlink's price is at a pivotal juncture that could determine its short-term market direction. Downside Risk: A reversal at the $12 mark could see LINK retesting the $10 support level.by Coinpedia-Market-Insight224
LINKUSDTIt is clear that it is walking in a transverse direction for a long period, and this transverse direction came after a large discharge, and this indicates that the transverse direction is also for discharge and not for aggregation, and another severe decline is expected for it to end its downward cycleShortby KhaldHegazyUpdated 262617
Full link mapIt is possible that we are in a downward wave 4, and it has been moving horizontally for a long time, and all of this is a drain for the next drop in the shaded area. Note.. The scenario fails if it closes higher than the area 9.7 usdtShortby KhaldHegazyUpdated 996
Link downThere is nothing new in my previous analysis and my point of view is from Dec 22, 2022 and the same negative view remains for me that this currency is heading to the shaded area below.. Please clarify that I am helping you with my point of view, which may be right or wrong, and see my previous analyzes of many currencies and forex in order to judge the owner of this analysis with a more accurate look Good luckShortby KhaldHegazyUpdated 19199
LINKEUR LongLink made a nice gain of a HTF swing high. It filled a open imbalance that was at a HTF level. On the lower timeframe the trend also shifted from down to upLongby timverdonk1231
Chainlink major news?We will be seeing a major key speaker in Hong Kong soon. RSI & MACD have gotten towards a stable point for another rally in my opinion, this is not financial advice. IT COULD GO TO ZERO I think we could see a major hype cycle start that could get heavy!! If a major world power decides to take on the LINK when they have been bearish for years this could be a life changer. Weekly MACD has me thinking great thoughts. I will take out initial investment near $20 - $40. Hold the rest for a long timeLongby Polarbearman222
Chainlink Bull Run May Lose Momentum The current state of Chainlink's bull run seems to be showing signs of losing momentum. As an informed trader, it is essential to remain cautious and consider the potential risks associated with any investment decision. Over the past few months, Chainlink has witnessed an incredible surge, capturing the attention of many traders and investors. The project's innovative approach and promising technology have undoubtedly contributed to its success. However, it is crucial to recognize that every bull run eventually encounters a point of exhaustion, and Chainlink may be nearing that stage. Several indicators suggest that the momentum behind Chainlink's upward trajectory is beginning to wane. The recent price fluctuations, coupled with a lack of significant positive news, have raised concerns among market analysts. While no one can predict the future with certainty, it is prudent to approach Chainlink trading with caution at this juncture. In light of these observations, I would like to encourage you to pause and reevaluate your trading strategy regarding Chainlink. Taking a step back to assess your positions and reassess the market sentiment can help ensure that you make informed decisions that align with your risk appetite. Moreover, it is crucial to diversify your portfolio and not solely rely on a single asset, especially during times of uncertainty. Allocating your investments across different cryptocurrencies or asset classes can help mitigate potential risks and provide a more balanced approach to trading. Remember, successful trading requires a comprehensive understanding of the market dynamics and a disciplined approach. While Chainlink's bull run has been impressive, it is essential to remain cautious and avoid being swayed solely by the excitement surrounding its recent performance. As always, I encourage you to conduct thorough research, stay updated with the latest news and developments, and consult with trusted financial advisors before making any investment decisions. Should you have any questions or require further insights, please do not hesitate to comment below. I am here to assist you in navigating the ever-evolving cryptocurrency market. by bryandowningqln112
Shorting the Possible Butterfly Correction As explained previous, I think crypto is in a net bear market and we've been in a correction of that - one which has picked up pace recently. If we're in a downtrend, we should be looking for parabolic bull trap patterns (And extremely confident bulls). These are often expressed as harmonic patterns. Because harmonics are corrective patterns and because the D leg of a harmonic is always the strongest move. This dupes people into being most bearish right before the turn. Harmonics usually form and complete in spectacular fashion. Big blitz moves. Very often driven by news. If we're in these corrective patterns, that'd be expected fairly soon now. Shortby holeyprofit7711
LINK Huge Breakout The longer the accumulation the stronger the breakout (almost 1 year and half accumulation) All eyes on key level resistance in my chart ✅ by JLim_7773
Will LINK rise higher to the $15 mark?Market Context: Chainlink (LINK) is experiencing an upward trend amid a broader crypto market rally, with Bitcoin stabilizing at $34K. Current Status: LINK is trading close to the $12 mark, a significant resistance level. Resistance Level: The $12 mark is a crucial supply barrier for LINK. Technical Indicators - MACD: The MACD indicator shows a bullish crossover, and rising histograms indicate increased buying pressure. Technical Indicators - EMA: Both the 50-day and 200-day EMAs are rising, suggesting a high possibility of an uptrend continuation. Recent Performance: LINK has experienced a 58% increase in the last ten days, rising from $7.2 to $11.54. Potential Targets: If LINK crosses the $12 mark, it could aim for $15. Downside Risk: A reversal from $12 could lead to a retest of the $10 level. Market Sentiment: Overall sentiment is bullish, especially if LINK can break the $12 resistance. Long-Term Trend: LINK has reversed a long-term downtrend and is now showcasing a breakout rally. Market Catalysts: The hype around Bitcoin Spot ETF approval has been a significant driver for LINK's recent rally. Long-Term Outlook: Chainlink price predictions are optimistic, given the improving market conditions and technical indicators.Longby Coinpedia-Market-Insight113
ResetBing told me this about the gaps. Could assume that, with Bitcoin, Ethereum, and the thing that links them together. BTC and ETH never leave gaps either. It makes sense that there will be a drop across all exchanges to fill the gaps on that exchange, like what link did on Polyoniex in my last post. The control here would suggest some higher volatility during the end of the year.by Mycatdorito110
Downward movement to support zone after failed breakoutSynopsis: Volumes, MFI and Bulls falling. Clear triangle pattern. Price is close to resistance 8.0 but cannot break out. There should be movement to 6.697 before another retest. Entry: 7.5-7.9, Stop loss: 8.5, Target: 6.927, 5.734, Duration: 30 days, Funding positive (Binance, 7th October)Shortby fondOrange28771Updated 5
$LINK possible path forward Playing with a few ideas short term. Here is one thought.Longby channelchartist227
LINK: Can wave 3 reach over $1,000.00?In the long term, if wave 3 were to repeat only the amplitude of wave 1, it would be sufficient for Chainlink to surpass $1,000.00 dollars. However, in theory, wave 3 is the impulsive wave with the greater amplitude. In other words, the performance would have to be even greater than the previous impulsive wave. Do you believe that the most important decentralized oracle in the cryptocurrency ecosystem can achieve this performance?Longby MrGekkoWallSt226
Link Near its Supply zoneHi All As per my Elliott counts - Link is in the 4th wave correction of its 3rd wave towards upside. I notice its near the supply zone and we might see a drop to 0.5 to .618 of the 3rd wave retracements. waiting for price to that level to put some cents in for a big move. Patience is key. let me know what you guys think Trade safe Pama Shortby usamanasir19855