ich1baN

Wedge Breakout - Initial Target $38 - $100 by March

Long
KRAKEN:LINKUSD   LINK / USD
Per my previous publication on the wedge structure that LINK was trading in - LINK has officially broken out to upside and will continue to first target of $38 where it can either consolidate or continue to higher upside targets of psychological $40, $50, $60 levels .... could impulse much higher but my March $100 target remains on schedule.

Considering the massive fundamentals in LINK from providing the DeFi space with literally everything it needs to function properly to winning Plasma (PolkaDot's) latest endorsement with a full integration - there are much more bullish news items to come.

Read my previous idea on the wedge structure here:

Comment: This is a huge deal for LINK considering Polkadot is the next bigget competitor along with Cardano to challenge Ethereum. DOT has massive advantages over ETH and a full adoption of LINK speaks to the greatness of LINK's core tech offering... which is why Oracle Corp, GOOG, MSFT, Deutsche Telekom, VISA, and Mastercard are using LINK internally (even though not publicly displaying it yet)... except for Deutsche Telekom, Google, and ORCL which are vocally using LINK:

https://medium.com/plasm-network/integra...
Comment: Here is the research team at ChainLink Labs... very impressive work behind them - will be the driver of significant intellectual property that will translate into higher LINK prices:

Boasts professorships from Cornell, Carnegie Mellon, and MIT to name a few:

https://www.chainlinklabs.com/
Comment: “We were really jumping into something new, providing public blockchain infrastructure and having a token-natured business model on top of that,” he said. “So, of course, we started really small, with few data feeds. But then scaled rapidly, and by now, I think we are among the top three data providers at the moment on the Chainlink network.”

Chainlink’s system of data feeds, known as oracles, pipe information into the blockchain world of smart contracts, eliminating reliance on any single, centralized source.

“We are providing 51 data feeds right now,” said Gleb Dudka, an analyst at T-Systems. “We don’t handpick applications we provide data to, but examples would be Synthetix, a few decentralized exchanges, Nexus Mutual for insurance. The data is mostly digital asset prices, FX rates, and commodity prices like gold, silver, etc., and these mostly go to Synthetix.”

It’s only a matter of time until other big enterprise firms follow Deutsche Telekom’s example and run Chainlink nodes, said the network’s co-founder, Sergey Nazarov.

“Chainlink enables top infrastructure teams like T-Systems to monetize their globally distributed infrastructure and security expertise across the many chains already being served by Chainlink oracles,” Nazarov told CoinDesk via email.

“We are not doing Ethereum 2.0 staking yet,” said Dudka. The ETH (+4.53%) T-Systems buys is needed for Chainlink, he said, and has to be spent in order to sign transactions on the Ethereum public mainnet.

“There are quite a few networks in the pipeline that we plan to go live on,” Dittrich added. “Obviously, the bigger proof-of-stake networks are in there, be that Tezos, Polkadot, Ethereum 2.0, you name it.”

https://www.coindesk.com/chainlink-deuts...

Comments

LINK/BTC in a bull flag and currently has a measured move target of $51 ... LINK is the most bullish project both technically and Fundamentally:

+4 Reply
highly appreciated
+2 Reply
ich1baN morat_traderguy
+1 Reply
This is a huge deal for LINK considering Polkadot is the next bigget competitor along with Cardano to challenge Ethereum. DOT has massive advantages over ETH and a full adoption of LINK speaks to the greatness of LINK's core tech offering... which is why Oracle Corp, MSFT, Deutsche Telekom, VISA, and Mastercard are using LINK

https://medium.com/plasm-network/integrating-chainlinks-market-leading-oracle-network-into-plasm-ec33600e4dcf
+2 Reply
For those of us who came late to the Link party, can you offer any guidance on where we should look to enter at this point? Should we just hop on or do you expect a slight retrace before we keep climbing? Thanks!
+1 Reply
@Mckeejo, Anytime under 100$ is a steal 🌚
+1 Reply
I appreciate and enjoy your analysis. you've really helped me move on past the noob stage in the last few months :)
Reply
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