Chainlink
LINK/USDT Facing on the strong resistance, Breakout or rejected?💎LINK has undeniably attracted substantial attention in the market. At present, LINK is encountering a formidable resistance zone ranging from 18.3 to 19.5.
💎 This zone holds significant importance as a successful breakout from this area could pave the way for a noteworthy upward movement, probability allowing the price to reach our target in the bearish OB area.
💎 However, should LINK fail to secure a breakout, there is a possibility of encountering rejection at this resistance level. Such an outcome could lead to a downward trajectory, with the price retracing to the support area to establish new momentum.
💎 It's essential to note that the support area may not be an ideal entry point for purchasing LINK. In the higher timeframe (HTF), the price has yet to enter the retesting phase at the demand area, which serves as the supply zone within the accumulation zone.
💎 In this scenario, there is potential for the price to undergo a retest in this area, experience a bounce, and subsequently resume an upward movement, heralding a bullish season.
CHAINLINK ELLIOT WAVE ANALYSIS Navigating this chart poses quite a challenge given the intricacies of the candlestick formations. Despite this complexity, I've endeavored to apply my understanding of Elliott Wave Theory to analyze and potentially forecast future movements. However, I acknowledge the possibility of error, whether it's due to miscounting waves or other factors. I welcome alternative perspectives and suggestions.
Upon studying the chart, it appears that CHAINLINK has been undergoing a corrective ABC wave pattern since its inception, reaching a peak in 2021 before embarking on a corrective phase. The analysis becomes particularly nuanced due to nearly a year of consolidation, forming a triangle pattern likely indicative of the final wave C within its correction. If my interpretation is accurate, CHAINLINK has recently completed wave 1 and is poised for a correction with wave 2. This correction may target the 0.764 extension level or potentially fall below it. At present, the short-term trend appears bearish while the long-term outlook leans bullish.
LINK - flat correction is almost overHello, Skyrexians!
Today we have an analysis on very strong fundamental altcoin LINK which showed very small correction in comparisson with other crypto assets. Price has a clear Elliott waves structure. After impulsive wave price ended the correction ABC and now in my opinion is forming the new impulsive wave from 0.5 Fibonacci zone.
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LINK : Still +50% UPSIDE Possible📉Hi Traders, Investors and Speculators of Charts📈
Chainlink / LINK is an altcoin that still has massive upside potential for the coming bull season. If you have been following me for a while, you'll know I've been saying we are trading in the opening moments of a new bullish cycle . I've also referred to this as Elliot Wave Theory Wave 1.
According to my plan, this is the first impulse wave towards the upside. But the upwards wave are always followed by correction waves; a natural part of any cycle. I expected the correction phase to be close to/ before the BTC halving which is in April.
For the near term, I'm expecting LINK to trade range between the upper resistance and lower support as pointed out on the chart, roughly $2 up or down. This is a great re-accumulation zone, incase you missed the first lower-accumulation entry point.
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CRYPTOCAP:LINK BYBIT:LINKUSDT.P BINANCE:LINKUSD.P BINANCE:LINKUSDT COINBASE:LINKUSD
Sell in midle-term (LINK)📊Analysis by AhmadArz:
direct to trend of bear.
by R/1.5
🔍Entry: 15.43
🛑Stop Loss: 15.67
🎯Take Profit: 15.08
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Long-term price of LINKIn the weekly timeframe, LINK's price has been robustly supported by its underlying supports. Over the long term, breaching the forthcoming resistance level could push the price into the $33 level.
(All analyses will be updated)
This analysis is informational, not financial advice. Good luck!
LINK IS BEARISHA range is formed between SW H and SW L
Recently, the trend lines were broken and we have a bearish CH on the chart With this weak momentum, we are expected to move down
I have marked the targets on the picture Closing a daily candle above the FLIP level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Link wave 5 in or coming?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
BIST:LINK update. 🧵
In @ 13.92, TP.
Thinking #Elliottwave sideways possibility since the price got up here.
I also know sideways can be tricky.
Trading tricky is tricky.
There are ways to minimize getting chopped.
2 W5 coming counts, if It's not in already...
New high=clarity
Chainlink (LINK) Poised for Further Growth
Despite Bitcoin's recent correction, BIST:LINK maintains a positive market stance, continuing its upward trend. Currently, its price hovers near the resistance area of $15.9–$16.5.
A successful break above this resistance could lead to seller reactions in the $17.10–$17.65 range. A breach of the $17.65 level might propel BIST:LINK to as high as $20, a price point not seen in the past eighteen months.
In a less likely correction scenario, BIST:LINK could retreat to support levels at $14.4–$15, $13.5, and down to $12.25–$13. A major downturn would only be triggered by a substantial Bitcoin correction and BIST:LINK 's price falling below $10.
Strong PotentialIn the weekly chart, LINK is showing strong potential for a price increase. If it follows a rising trend, it could quickly reach the higher price levels that are being monitored.
This indicates a possibility for growth in its value, highlighting the asset's positive momentum in the market. It's important to watch these trends closely, as they will influence how quickly and significantly LINK moves towards these higher price points.
This analysis is informational, not financial advice.
Resting time $13 down to $11 | Long BiasOn day chart
Chainlink is in the #CorrectionWave and target of this wave at #13 and lower $11 maybe
BINANCE:LINKUSDT is supported by #AscendingTrendLine I think this time can be a #FourthWave of #ImpulseWave begins $4.76
So my view is Link will be bounce back from $13 or $11 and this is chance to join the race with LINK
Time will tell
Vodafone's Bold Leap into the Blockchain Realm
In a groundbreaking development, global telecommunications giant Vodafone has forged a strategic partnership with blockchain trailblazer Chainlink, marking a significant stride toward mainstream adoption of blockchain technology. The collaboration, which positions Vodafone as a node operator within the Chainlink ecosystem, not only underscores the telecom giant's commitment to innovation but also holds promising implications for the future of decentralized networks.
Embracing the Role of a Chainlink Validator
Vodafone's entry into the blockchain space as a node operator signifies a pivotal role in the security and validation of data on the Chainlink network. This move is not merely a technological integration but a testament to the increasing synergy between traditional industries and the transformative potential of blockchain. As a trusted player in the telecommunications industry, Vodafone's participation as a validator enhances the decentralization and reliability of Chainlink's oracle network – a foundational element for smart contracts to seamlessly interact with real-world data.
Unveiling New Avenues for Data-driven Innovation
The collaboration with Vodafone extends beyond securing the blockchain – it opens doors for Chainlink to explore new frontiers in data utilization. With Vodafone's extensive reach and access to vast amounts of real-world data generated by the telecommunications industry, Chainlink gains a valuable resource to enhance its Oracle services. This partnership allows for the extraction of network performance metrics and user behavior data, empowering smart contracts with more accurate and diverse information.
Fortifying Decentralization and Resilience
Chainlink's emphasis on decentralization receives a substantial boost with Vodafone's entry as a node operator. By contributing to the distributed nature of the network, Vodafone plays a key role in preventing a single point of failure and mitigating the risks associated with malicious activities. The collaboration not only enhances the security and reliability of Chainlink's Oracle infrastructure but also positions Vodafone as a crucial player in the ongoing evolution of decentralized technologies.
Ripple Effect on Chainlink's Credibility and LINK Token Dynamics
Beyond the technical advancements, the partnership with Vodafone significantly elevates Chainlink's credibility. Vodafone's global presence and established reputation in the telecommunications industry bring an added layer of trust to Chainlink's network. This boost in credibility is expected to attract a broader audience, including users, developers, and enterprises, fostering increased adoption of LINK – Chainlink's native token.
The Potential Impact on LINK Token Price
The collaboration with Vodafone introduces a compelling dynamic for LINK token holders. With Vodafone operating as a node on the Chainlink network, the demand for LINK tokens may witness a substantial increase. As Vodafone engages with various functions within the ecosystem, the heightened demand for LINK could positively impact its price dynamics, potentially paving the way for a retest of monthly highs above $18.
Looking Ahead: A Paradigm Shift in Blockchain Integration
Vodafone's bold venture into the blockchain realm through its partnership with Chainlink represents a paradigm shift in the integration of decentralized technologies into mainstream industries. As other enterprises observe the success of this collaboration, a chain reaction may unfold, further propelling the adoption of blockchain solutions and contributing to the ongoing evolution of the digital landscape.
In conclusion, NASDAQ:VOD strategic partnership with Chainlink not only solidifies its commitment to innovation but also marks a historic milestone in the convergence of traditional industries and cutting-edge blockchain technologies. As the collaboration unfolds, the potential for increased adoption, utility, and positive impacts on the LINK token's price dynamics positions Vodafone as a trailblazer in shaping the future of decentralized networks.
MATIC - Utility, clout, and Technicals
Price Targets -
1: $.5960
2: $.6630
3: $.8860
4 : $1.07
Polygon, formerly known as Matic Network, is a Layer 2 scaling solution for the Ethereum blockchain. It is designed to address the scalability issues that have been a challenge for many blockchains, including Ethereum. Here are some key points about Polygon:
Scalability and Infrastructure Development: Polygon provides a well-structured and easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is the Polygon SDK, which is a modular and flexible framework that allows developers to build various types of applications.
Multi-Chain System: One of Polygon's primary objectives is to transform Ethereum into a full-fledged multi-chain system, often referred to as the "Internet of Blockchains." This is similar in concept to other multi-chain systems like Polkadot, Cosmos, and Avalanche. However, Polygon leverages Ethereum's security, vibrant ecosystem, and openness to its advantage.
Types of Chains: Using Polygon, developers can create various types of chains, including optimistic rollup chains, ZK rollup chains, standalone chains, or any other infrastructure required for their projects.
CRYPTOCAP:MATIC Token: The native cryptocurrency of Polygon is CRYPTOCAP:MATIC , which is an ERC-20 token running on the Ethereum blockchain. MATIC tokens play a crucial role within the Polygon ecosystem. They are used for payment services, settling transactions among users, and paying transaction fees on Polygon sidechains.
Scalability and Transaction Speed: Polygon claims to achieve high scalability, with up to 65,000 transactions per second on a single side chain. The block confirmation time is stated to be less than two seconds. This high throughput and low confirmation time are essential for enabling efficient and responsive decentralized applications.
Plasma Framework: Polygon incorporates the Plasma framework, a technology proposed by Ethereum co-founder Vitalik Buterin. This framework allows for scalable and autonomous smart contract execution.
Backed by Binance and Coinbase: Polygon has garnered support from major cryptocurrency exchanges like Binance and Coinbase, indicating strong backing from the crypto industry.
Diverse Ecosystem: Polygon has attracted over 50 decentralized applications (DApps) to its PoS-secured Ethereum sidechain. This demonstrates its ability to cater to various needs within the developer ecosystem.
Overall, Polygon aims to make Ethereum more scalable and versatile by offering a range of solutions and infrastructure for developers, while its native token, CRYPTOCAP:MATIC , serves as an integral part of the ecosystem for transactions and governance.
$WIFI MAP - Future Super DATA protocol - Massive potential.A solid project that has already had great success in the Web 2 Space, Large adoption and critical use case.
Projected Targets and support levels:
Support zone $.0470 - $.00638
Target 1: $.0988
Target 2: $.1919
Fib Extension 1: $.2705
Fib Extension 2: $.3959
WiFi Map is a super app with the core asset of a community-driven decentralized wireless network that incorporates a database of 4.5 billion WiFi hotspots. Which has already achieved great success in Web2 space, reaching 150,000,000 million users, MAU 3,000,000 million and DAU 300,000 users, and is now ready to revolutionize the Web3 space with the vision of becoming a global virtual network operator.
CSE:WIFI and in-app wallet. An ERC-20 token on the Polygon network and the currency underpinning the entire WiFi Map ecosystem. CSE:WIFI will be stored on the proprietary in-app wallet as well as third-party wallets. There will be a 20%-40% discount available for redeeming services via the token inside the app, in addition to lockup and staking rewards. Furthermore, the tokenization of the platform will bring redeemable rewards for those who rise up through the ranks of the leaderboard and create further incentives for community members to contribute to the platform by adding hotspots, verifying credentials and running speed tests.
Participate-to-earn: earn tokens for adding hotspots, verifying credentials, and running speed tests
Beneficial terms for partner services: enjoy special terms when accessing partner services including power banks.
Tipping: leave CSE:WIFI tokens as a gesture of thanks to the person who added your favorite hotspot.
eSIM cashback: when you purchase eSIM data, you’ll receive 3–5% instant cashback in CSE:WIFI tokens. When you redeem CSE:WIFI tokens for eSIM data, you’ll receive a 15–20% token cashback reward.
Hold-to-earn: hold CSE:WIFI in your in-app wallet to earn eSIM data.
WiFi Map DAO: 10% of all redeemed CSE:WIFI flows into a DAO, where the WiFi Map community can decide on the best way to grow the ecosystem.
LINK/USDT Assessing Bullish Potential from Key Support?👀🚀LINK💎 Paradisers, let’s focus on #LINKUSDT as it demonstrates a critical juncture in the market. Currently holding a key support level, it is showing signs that point towards a potential bullish movement.
💎 #CHAINLINK has consistently respected the support level at $14.988 without breaking below it. This steadfastness in maintaining its position above this support level is now leading to a heightened probability of a bullish trend, targeting the significant resistance at $17.206.
💎 However, in the ever-changing landscape of the crypto market, the ability to adapt strategies is vital. If #LINK faces challenges in maintaining its stance above the $14.988 support, we may need to recalibrate our approach.
💎 This could involve preparing for a bullish resurgence from a slightly lower support level at $14.769. Crucially, if BIST:LINK falls below this secondary support, it could signal a shift towards a bearish market direction. 🌴💰
LINK prepare for longTime is running out for a good LINK entry!?
It's time to prepare for Chainlink bull run!
If the market decide to make a big "ETF-move" - I see LINK leave the bull flag with speed and never come back.
I see next big stop at 27 dollar - potential 85%.
I still think 15 dollar for LINK is really cheap, but 14.0 - 14.6 could be nice area for some limit orders!
I will not wait for any break and retest of the bull flag, I have way to much confidence in LINK and I also plan to hold link "forever".
I don't think the big money will ignore LINK, when it starts to move!
Chainlink - bearish back-up scenarioAs back-up & not highly likely IMO
The bearish Chainlink scenario useful to...
1 - find invalidation point as confirmation for bullish investment
2 - be prepared for sudden Crypto panic & fear mode
3 - find good levels to DCA more coins
It was hard not to see the bullish outlook for Link🤣
Comments💭, Likes♥️ & Follow🔗appreciated🤗
Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
Link headed up?!If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
BIST:LINK update. 🧵
Followed the path on the left and bounced
close to the level provided.
Now we get to find out what it is.
PTT and W5 MLT for the conservative bull count.
Falling back from here, could lean X/B complete...
But, hope it keeps climbing.
I Cannot Short This !!! situation+next targets.LINKUSDT is in an ascending triangle which means the price is about to do a good bullish movement. The price can increase as much as the measured price movement ( AB=CD ) .The break out needed for increasing further has not happened but it should happen pretty soon.
🤑Stay awesome my friends.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
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