Potential summer slowdown
There's been a noticeable uptick in criticism towards Chainlink on X, with the prevailing narrative questioning the necessity of the BIST:LINK token. I anticipate downward pressure on BIST:LINK due to Bitcoin's influence, potentially exacerbated by the voices of skeptics, who will cite CCIP GA as a failure. While this may lead to a...
Finally, after a long wait, we got filled on Chainlink, and we entered at $12.93. This is our entry point. The entry is holding up quite well and solid so far. We still see strength in Chainlink and we do not believe that our large stop-loss will be triggered. Also, for the first time since May 2022, the RSI has fallen into the oversold area, which is another sign...
Chainlink / U.s. Dollar X Right prices for final week of April, 2024.
Note: Using Kraken Chart based on USD not USDT!
Since Chainlink failed a support confirmation over March period as well as support confirmation was not fully confirmed over the 1st week of April, therefore, we will only calculate the X Right Price between the 8th of April & 7th April! and...
Link displayed classic price action. it was accumulated for 15-18 months straight once the phase has completed price entered into public participation phase and right after as we expected currently, it is consolidating phase once it over we will again see the public participation phase which will take to the current supply and all time high price.
Thank you for...
Introduction
Chainlink (LINKUSD) is a cryptocurrency that powers a decentralized oracle network for smart contracts. It provides a secure and reliable way for blockchain applications to access off-chain data, enabling a wider range of functionalities. This article analyzes LINKUSD through the lens of Bollinger Bands and a potentially reversing trend, suggesting a...
Chainlink (LINK) is one of my newest investments. There is ongoing Early Access for Chainlink staking (I will post link in comments) for all intersted holders. This is trade (investment) setup on larger timeframe. I am not looking to reach targets 2,3,4,5 and 6 very soon, that could be year(s). I will sell most of my capital on targets 3,4 and 5. Small portion...
Is this move a surprise not really if you been following my Chainlink ideas.
Published in February warning traders that giant rising wedge had formed and the target of that wedge is back to the top of the massive range at 8-10 dollars.
March 18th we got a bearish cross the MACD , this was another signal of things to come.
On the LINK/BTC we can see that we...
Looking at Chainlink on the daily chart, we've noted the development of a 5-wave structure from a low at $5, culminating in a Wave 1. This wave is projected to range between $20.3 and $25, currently aligning well with the $20.3 mark. Following this, we anticipate a retracement towards Wave 2, which is expected to fall between 50 and 78.6% retracement, landing...
Introduction:
After prolonged sideways movement throughout the bear market, Chainlink ( COINBASE:LINKUSD ) experienced a notable surge, rallying from $4.8 to a peak of $22.9. This rally included extended periods of lateral trading, eventually reaching a critical resistance at the 4.618 Fibonacci extension level. Such a vigorous move typically warrants a period...
Rising wedge target is back to top of chainlink accumulation range at 9.3.
Clear rising wedge pattern with two touch points top and bottom.
We are coming up to the Chainlink fib sequence I have been using for years it has a 100% win rate at predicting Chainlink events , major moves , bottoms or tops.
Last Fib time hit was the Big move down in May 2022 marked...
Hi there,
CHAINLINK has the potential to reach the second supply area around the 20.20 level and drop for a retest around the 18.77 before commencing up to the 21.00 major supply area.
And a potential drop from 21.00 could follow to 15.00.
If the current candle structure drops from the support level, breaches the demand zone, and breaks 15.69, that will...
LINK USDT looks sideways thus taking trade on either side of the breakout. in this setup one cancels the other i-e if price breaks upwards than long order is triggered and short order is cancelled and vice versa.
Not going to write a formula for this one easy to read and clear where is heading next.
ChainLink still at Descending.
Prices based on USD:
Accumulation price however is already confirmed as follow:
$21.15197 New support but advance not confirmed at this price.
Next: $2126635
$21.41112
$21.55183
$21.75820
$22.08473
Distribution price = $22.91199 follow...
LINK is in a bullish trend with an RSI around 64. It has support at 16.79 and resistance around 21.76, indicating the need to break out of resistance to maintain its bullish momentum. Currently, it's undervalued, with the potential for a breakout if it surpasses resistance.
LINK experienced a significant setback recently. However, we interpret the recent development as part of the substructure of the blue wave (iii). As a result, the coin should recover in the near future. Then, it should gain to levels above $22.87.
LINK may have finished a 5-wave impulse wave around $20
The round number did try to reject, but we are back to it.
So It does seem ready to extend wave 5 another leg to $23
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