Chainlink
LINK Trade Set Up 16% Pump!Link Is right above support and as long as BTC remains short term bullish, I can see LINK pumping my target around 16%. Remember to use a tight stop-loss and manage your risk in case the trade moves against us.
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Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect!
This is not financial advice. This is for educational purposes only.
#chainlink $LINK megaphone and resistance breakoutLINK broke out of the resistance area @ 6.5$ and from the bullish megaphone which was printed in the last days
we just need a succesful retest of the one to enter a long position now
if the scenario gets confirmed, these are the levels I'm watching:
TP: 7.17 (0.783 fibonacci)
SL: 6.45
let me know if you found this idea helpful and if you are going to enter the trade!
also dont forget to follow me, leave a like, and if you want to request a technical analysis , just comment the ticker of the cryptocurrency you want me to analyse down here!
DCA into chainlink below $3Bear market got everyone rekt. One more leg down in ETH will drag all the alts with it giving great opportunities. Every bear market we ask if crypto is dead, but it rebounds, why would this time be any different. Link below $3 is a bragain and many other alts will be at the same discount becuase they bound to ETH by their liquidity.
Lets prepare.
LINK MARIN(E)atedLink looks nicely marinated from the bear...
ORACLES
Oracles are data feeds that connect Ethereum to off-chain information
The oracle problem
Ethereum transactions cannot access off-chain data directly but using a centralised data source is suboptimal... hence the need for a decentralized oracle
Chainlink Off-Chain Reporting (Chainlink OCR)
1. off-chain oracle network communicates with each other
2. cryptographically signs responses
3. aggregates responses off-chain
4. sends one transaction on-chain with the result
This is gas efficient
Chainlink VRF
Chainlink Verifiable Random Function = tamper-proof random number generator for smart contracts
The LINK token
*based on the upgraded ERC-677 token, backwards compatible with ERC-20.
CHART
Bull div on daily
Local fork
Fib retracement
If market is going to bounce then so will this
NOT TARDING ADVICE
Be Weary of Small Caps.Hey Traders,
Disclaimer I own very small amount of API3 however, do not margin/ long it. THe MM will try moving smalls tonight in order to escape, also keep in mind that API3 is fundamentally a good chain because it can run automated makers such as Chainlink. The only problem is that we need to flush out the MM
Safe Trading,
Pulkanator
Chainlink Price Analysis — June 29Chainlink continues to maintain a pass-and-play (choppy) momentum between the $7.3 resistance and $6 base. Currently, bears have initiated a push for the $6 base after a prolonged inability to take the $7.3 mark over the last weekend.
That said, we should expect a bullish rebound anywhere near the $6 mark, back to the $7.3 top, as the choppiness is expected to persist with the crypto winter. In an event of a bearish breakdown below the $6 mark, an extended dip below $5.3 (the broader range) seems significantly unlikely.
Meanwhile, my resistance levels are $7.3, $8.0, and $9.0, and my support levels are $6.0, $4.0, and $3.0.
Total Market Capitalization: $898.3 billion
Chainlink Market Capitalization: $2.97 billion
Chainlink Dominance: 0.33%
Market Rank: #22
LINK - short-term trade - our target $7,35Hello colleagues!
We publish the short-term trade we entered tonight. This trade has a local perspective and does not mean that the correction of the cryptocurrency market cannot continue.
In this case, we still have a relevant trade in cryptocurrency HNT:
Details of the LINK cryptocurrency trade:
Entry: $6.31-6.35
Stop: $6.16
TP: $7.35
Let's see how it works!
Chainlink's Desending Wedge Setup, will it shrug off macro woes?Will the major altcoins (ADA, LINK, UNI ) descending wedge setups, be the signal for a breakout to the upside?
Or will continuing macro woes make the TA analysis null and void.
Potential bounce might be coming over the next two weeks in equity markets. Spurred by the strong support at the 200 daily moving average.
Time to wait and see.
TOP 10 Altcoins Growing Big This SummerThe Altcoins are starting to awaken and we are going to see some big winners in this upcoming Altcoins market bullish wave.
Hit like and let's get started right away...
(0) BITCOIN (BTCUSD)
To start, we have Bitcoin which is still consolidating slowly but whom will soon speed up.
We are expecting to the see the king move BIG first...
Bitcoin 3D | Volume + Reversal Candle + RSI (100% to 120% Next)
Now, let's look at the major Altcoins.
(1) ETHEREUM (ETHUSD)
Ethereum is the queen of crypto, the #2 cryptocurrency/#1 Altcoin, and is surely showing plenty of room for growth.
We are seeing over 100% of potential on the below chart:
Ethereum 3D Oversold | Comparing To Bitcoin (170% to 200% Next)
(2) SOLANA (SOLUSD)
We are looking at the potential target for the upcoming relief rally for Solana and we set it at $98...
There is more, see the analysis below:
Solana Long-Term | Potential Target Set At $98.5 (Bear market)
(3) CHAINLINK (LINKUSDT)
We have a full cycle depicted on this chart...
From the current price to the All-Time High, we can see a nice profits potential of 650%+.
Chainlink Long-Term (650% Potential Profits To All-Time High)
(4) CARDANO (ADAUSD)
Cardano has been a TOP cryptocurrency project since the day it launched.
Cardano is definitely one of the most popular ones, we've been tracking it daily and it has huge potential for growth.
This is the latest trade idea... Short-term target set but there can be more!
Cardano Wider Perspective | Easy 15% (10X Lev. = 150%) & More...
(5) STORJ (STORJBTC/STORJUSDT)
Not really one of the top ones but one of the best moving so far...
There is room for additional growth!
Storj Goes Bullish vs Bitcoin (Easy 50% + More)
Storj High Volume Breakout (100% to 235% Mapped)
Let me know in the comment sections what you think about these Altcoins.
Make sure to share your own favorite Altcoins in the comments section below!
5 BONUS PAIRS
Here are five additional Altcoins that are set to grow/big strong in the weeks to come.
(6) AXSUSDT | Axie Infinity | Mapping 100%+ Target + Cryptocurrency Trading
(7) COMPUSDT | Compound Bottomed Out! 230% Potential Profits Next!
(8) XLMBTC | Stellar Goes Bullish Long-Term (100% to 190% Potential Targets)
(9) GMTUSDT | STEPN Trade Signal (122% Potential Profits)
(10) UNIBTC | Uniswap Giant Falling Wedge (Long-Term W/ Fibs)
Thanks a lot for reading and for your continued support.
Remember to hit LIKE for more.
Namaste.
LINKUSD Dominant UptrendLINK has fallen quite a lot, just as other cryptos
The question is where will this falling stop.
I see a major trend line in Green which aligns well with another weaker uptrend in blue, and a downtrend in red
At this area price is around $5 per LINK
This is also at the 0.618 Fib level
Chainlink Long-Term (650% Potential Profits To All-Time High)Chainlink vs Tether (LINKUSDT) has gone through a complete cycle.
It took two years to complete.
Notice the bulish wave (wave up) followed by a bearish wave (wave down) on the chart...
Last weeks LINKUSDT hit its lowest price since July 2020.
At the same time we have really high volume on this candle, signaling that we have strong support.
We see the MACD and RSI starting to curve.
With hidden bullish divergence on both.
From here, LINKUSDT can start to slowly recover and then fast growth.
We have a whooping 650% potential profis to the All-Time High...
But in the next bull market we will have a new All-Time High, giving us additional potential for profits in the long-run.
You can find more details on the chart.
Thanks for the support.
Namaste.
8 Days left for the Chainlink Sequence! Its been a interesting May but not shocking in anyway , I have been covering this downtrend all year and talked about the crash in May 2022 months before.
Published January 2022
Published March 2022
How did I pinpoint May 2022 for this move? keep reading.
First lets go over the chart and possible move from here , so been playing around with this Gann Fan from the inception of Chainlink and its showing some nice confluence in some areas.
Last time Chainlink touched the 2/1 Gann Fann it was 2019 where it hovered over it for about 120 days before shooting off , One possible senario here is that we just go sideways over this Gann until the next Fib time date 3.618 3rd October 2022.
Even though Chainlink broke down from its decending wedge in price , the pattern is still playing out on the weekly RSI , check it out .
Last TA showing chainlink breaking down from decending wedge .
So now the most important part of the puzzle, why May 2022?
Back in 2019 there was a LINK/BTC dominance channel I use to trade and by testing out hundreds of Fib time seqeunces I found one that hits home runs the last 4 times.
Everytime we come to a date LINK has had a massive move to the upside will it happen again this time who knows? The date is 23rd May 2022 and April 24th 2024 is the one after when the next Bitcoin halving is which is very interesting.
In 6 hours the weekly candle closes and if the weekly candle of this dominance chart closes at this level it can techically confirm a decending wedge with two lower touch points.
Since the I believe we topped April 2022
and it normally takes bitcoin 406 days to capulate from a cycle top I came to the conclusion that the next Chainlink sequence in May 2022 was likely going to be some sort of bottom.
Chainlink has retraced 89% thats 1% more than the retrace in 2017 take a look.
There is only 8 days left until the next Fib date poeple and Chainlink just retraced 89%!
LINK struggle inside 2 patterns#LINK/USDT
$LINK is inside long term falling wedge pattern, and in short term time frame there is a parallel channel that can act as bearish flag.
🐻 close a daily candle below lower line of parallel channel can drop price to lower line of wedge that is around $3.
🐮 but if price hold the ascending channel and break out from upper line of wedge, it can fly to resistance zones around $11 and even $14 and $17 in longer term.