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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
Chainlink Wave - Ascending Triangle Signals a Bullish Breakout! I am thrilled to share that Chainlink has been forming an intriguing pattern on the charts - an ascending triangle. This pattern indicates a potential bullish breakout in the near future and presents an excellent opportunity for traders like us to capitalize on this upward trend. So, fasten your seatbelts, my friends, because we are about to embark on an exhilarating ride! For those unfamiliar with an ascending triangle, it is a bullish continuation pattern characterized by a series of higher lows and a horizontal resistance level. As the price consolidates within this pattern, the pressure builds up, setting the stage for an explosive breakout. With Chainlink's recent price action, it becomes evident that the bulls are gaining strength and are ready to push LINK to new heights. Now, you might be wondering, why Chainlink? Well, let me tell you why this cryptocurrency has caught my attention. Chainlink has established itself as a leader in the decentralized oracle space, providing reliable and secure data to smart contracts across various blockchain platforms. Its innovative technology and partnerships with major players in the industry have positioned it as a key player in the rapidly growing DeFi ecosystem. Considering the rising demand for decentralized finance and the increasing adoption of smart contracts, Chainlink's value proposition becomes even more compelling. As the market continues to recognize the importance of reliable data feeds, Chainlink's role as a bridge between the real world and blockchain technology becomes increasingly vital. So, here's the call-to-action, my fellow traders: it's time to go long on Chainlink! With the ascending triangle pattern signaling an imminent breakout, now is the perfect moment to position ourselves for potential gains. By taking advantage of this bullish momentum, we can ride the Chainlink wave and potentially reap substantial profits. Remember, as traders, we thrive on seizing opportunities when they arise. Chainlink's ascending triangle pattern is a clear indication that the time to act is now. So, let's dive into the market, set our stop-loss orders strategically, and ride the wave of potential profits that Chainlink promises. As always, please conduct your own research and consult with your trusted financial advisor before making any investment decisions. The cryptocurrency market can be volatile, but with careful analysis and a well-executed strategy, we can navigate these waters and come out on top. Wishing you a successful trading journey ahead!
COINBASE:LINKUSD
by bryandowningqln
2
Chainlink Primary Wave 1 in the making?Hello everyone In my primary scenario, I assume that CHAINLINK is currently extending its Intermediate 4 via a Flat (Regular or Expanded) in order to subsequently complete the final Wave 5 and thus Primary Wave 1. The price will then correct in a Primary Wave 2 before moving into a massive Wave 3, which will probably reach new All-Time Highs. The target of Wave 4 comes together due to several confluences: Intersections of: classic 38.2 FIB target for Wave 4 Wave C FIB Flat target (for Expanded Flat) Base Channel Temporary Elliot Channel Range Subwave Minor 4 temporal correction ratio of Intermediate Wave 2 and 4 Take care and have a nice Christmas Time.
COINBASE:LINKUSD
by sufficientTruf34039
1
Will LINK MANAGE TO CROSS $20?Bullish Turnaround: LINK showcases a bullish turnaround, aiming to end its consolidation phase. $15 Bullish Breakout: A breakout at $15 signals a bullish comeback and hints at a potential jump to $20. Rounding Bottom Pattern: The daily price action indicates a rounding bottom pattern with a neckline at $16.56. Bitcoin's Influence on Altcoins: Bitcoin's uptrend readiness is positively impacting altcoins like Chainlink. Higher Low Formations: Chainlink's price trend is forming higher lows, surpassing the $15 mark. Growing Buyer Confidence: Increased confidence in Chainlink suggests a sprint towards $20. 10% Jump in 48 Hours: LINK's price action includes a 10% increase in the last two days, supported by bullish engulfing candles. Intraday Trading Volume Rise: Rising intraday trading volumes back the ongoing recovery and hint at a longer uptrend. Current Trading Price: LINK is currently trading at $15.833, indicating a bullish trend continuation. 4H Chart Range Breakout: In the 4-hour chart, LINK reflects a range breakout, signaling a potential entry point for further gains. Technical Indicators - EMA and RSI: The positive spike in the 50-day EMA and the daily RSI line maintaining a positive trend suggest strong bullish momentum. Year-to-Date Gain and Whale Interest: With a year-to-date gain of 189% and increasing interest from whales, LINK's bullish potential is significant.
COINBASE:LINKUSDLong
by Coinpedia-Market-Insight
🚀 Link Breakout: Next Target 14.44! 🎯Hey Link Traders! 🤟 We've been riding the Link wave and it's been good to us! 🏄‍♂️ 📈 Chart Analysis: The chart is as straightforward as it gets. We've been in a channel, hitting resistance and finding support like clockwork. 🕰️ 🎯 Next Target: After the recent breakout, our eyes are set on 14.44. This level is the one to watch. 👀 💰 Last Entry: We got in at 6.03 and took profits along the way. The chart has been working like a charm. 🍀 🛑 Exit Strategy: If the price dips under the new support, we'll go short. But for now, we remain long. 📊 🔥 Why Link?: It's been one of the most reliable altcoins, and we've been quite active in trading it. Chainlinks is an oracle network that allows smart contracts to interact with data from off-chain. Web 3 beauty🐝 That's it, folks! Keep an eye out for more updates. 🛰️ One Love, The FXPROFESSOR 💙
KRAKEN:LINKUSDLong
by FX_Professor
16
Chainlink's ($LINK) Superb Performance Despite LINK's strong performance in recent months, the asset has been trading sideways for about three weeks. It fluctuates between local support at $13.3 and a resistance level at $15.3. For a revival in trading activity, LINK needs to decisively break through one of these levels and establish a new threshold. Should the upward movement persist, LINK might approach the resistance area around $16.00-$16.61, with prospects of pushing towards $17 and $18. On the flip side, if LINK descends and stabilizes below the $13.3 mark, the asset could drop to about $12.84 and even reach the support zone of $11.16-$12.05, where a substantial amount of buyer orders are situated.
BINANCE:LINKUSD.PLong
by DEXWireNews
LINK to the future! 1 to 1 Extension Bull Flag! LINK (Chainlink) Securely connects smart contracts with off-chain data and services. Decentralized oracle networks provide tamper-proof inputs, outputs, and computations to support advanced smart contracts on any blockchain. Transaction Value Enabled (Trillions): $6,973,444,253,833 The industry standard oracle network: Chainlink greatly expands the capabilities of smart contracts by enabling access to real-world data and off-chain computation while maintaining the security and reliability guarantees inherent to blockchain technology. What is TVE? Transaction value enabled (TVE) is a Web3 metric that measures the aggregate monetary value of transactions facilitated by a protocol over a given time period. TVE is calculated by taking the sum of the USD value associated with each transaction that passed through a protocol during a given period. LINK needs no introduction as it is the leader and first in Decentralized Oracle Space in Blockchain Technology! With one of the Strongest communities around and a technology that the industry respects and relies upon... LINK will link the Future of Blockchain and become the standard for Decentralized Oracles! IMO LINK has bottomed and a reversal is underway!
BINANCE:LINKUSD
by ChartPatternExpress
3
Chainlink LINKUSDT Price Analysis (1d)Greetings, fellow traders! 📈 Let's delve into the intricate move of the LINK price action. Currently ensconced within a compact bull flag, this comes on the heels of a noteworthy markup surge from the accumulation zone. Analyzing the finer details, there's a compelling narrative: an imminent potential rebound from the sturdy support at $12.80, near EMA50. The first milestone in our journey is set at the $16.82 resistance level. 🚀 But, the plot thickens. Should the price breach the $17.00 barricade, the panorama expands. Our gaze shifts to targets, navigating through the $20.00-22.00 range. 🎯 Stay vigilant, happy trading!
CRYPTO:LINKUSD
by Vestinda