Get started

Chainlink

#Chainlink in a Bear Flag, LINK Dumps 5% from $8.2Past Performance of Chainlink Chainlink is up roughly 35 percent from 2022 highs, but the token is within a rising wedge, a bear flag, and down five percent on the last trading day. From the performance in the daily chart, LINK bears are in charge. This preview would, however, shift if LINK breaks above $8.2 with expanding trading volumes pointing to changing sentiment. #Chainlink Technical Analysis The primary trend, from a top-down analysis, is southwards. From this angle, the main resistance line is at $9.5, marking August 2022 highs. LINK prices are currently under pressure, dropping five percent on the last trading day. Still, LINK is within the ascending wedge, and there are increasing risks of further liquidations. Losses below $6.6 would favor sellers, and LINK could sink to $6.1, below the support trend line in a bear breakout formation. If Chainlink is to bottom-up and bulls unshackle themselves from sellers, there must be a decisive break, first above $8.2 and later $9.5. In both instances, participation should be high. What to Expect from #LINK? Traders are cautious despite LINK outperforming Bitcoin in the past few trading weeks. Overall, LINK is in a bear flag with clear caps at $8.2 and $6.6 on the lower end. As the token yields to bears, traders can wait for clean breakouts in a welcomed shift of trend (though odds are low) or bear trend continuation towards critical support levels of Q3 2022. Resistance level to watch out for: $8.2 Support level to watch out for: $6.6 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
ALTS via LINK - 'Time to pay attention'Altcoin Market via LINK I won't pretend to know if this is bullish or bearish consolidation OR accumulation - meaning I would know the next major direction. If you see accounts telling you the next move, just consider this chart and make your own opinion because in all honesty they don't know more than the next trader. This is subjective, so anyone is entitled to their opinion here. One thing I know for certain, this is definitely a period consolidation - Whether up or down is the question. It helps to understand this though, despite not knowing direction in the next big move. This is because you can wait for a clear decision, and plan for the longer term. If this breaks up, perhaps it is then accumulation or bullish consolidation, meaning you should plan for a lot more upside. On the contrary, if we break down, we have a longer and extended bear market (jump out of BE positions and wait wait wait...). This is a critical period in the market that will decide the next 4-6 months of PA in my opinion. Time will tell, but if you plan accordingly as much as you can you will be successful. Preserve capital if this is NOT the bottom (to buy/accumulate lower, not all of us have unlimited capital to buy every week as we drop), OR have the ability to switch your bias if this is potentially 'the' bottom and accumulate on dips upwards - ie: don't get bear market PTSD and stubbornly avoid the trend reversal. This is my strategy, tried tested and true. Food for thought. V
BINANCE:LINKUSD
by cryptovatsik
Chainlink (LINK) - October 10Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (LINKUSDT 1W Chart) Whether or not it can move higher than 11.064 is key. To do that, we need to make sure we can keep the price above 6.7. (1D chart) 1st resistance: 8.290-8.822 2nd resistance: 9.869-11.064 Support: 6.7-7.411 If it finds resistance after falling from 6.7, I would expect it to move towards the 4.976 area. ------------------------------------------------------------ ----------------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator contains indicators that indicate support and resistance points. ** SR_R_C indicators are displayed as StochRSI(line), RSI(columns), CCI(bgcolor). ** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100). (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
1
LINK: Best Entry if you're looking to HODLI think LINK is another coin that is now forming a base. I like the way it sideways out of the trendline. LINK has a very strong adoption as it is one of the biggest infrastructural service provider - an oracle. Recently, it was invited to be a project partner for sth link CBDC as well. That means the authorities have a friendly view toward it. Personally, I find it the best timing to invest in it and it is a potential bottom now, though some volatility might be found if it is going to test the bottom one more time. Yet, it is the best place for HODLer.
Long
by OatSuk
2
LINK - AnalysisDuring the last week, LINK approached the 8% resistance range with a 5% increase in price, but the selling pressure that occurred in the market caused the price of this currency to decrease. In the weekly period, we see the range trend on the support ranges. But the ceiling of the long-term descending channel is broken, and if it can stay above the $7 level, the possibility of price growth will increase to the resistances of $8.4 and the $9.5-$10 range. The LINK trend in the 4-hour frame team has ranged between two support and resistance ranges. The support is at the price of $7, and its resistance is in the range of $8.20 to $8.5, which we can expect a positive reaction if the price hits it. For the short term, the price from the support range of 7.37 to 7.50 dollars can have an upward movement towards the indicated resistances.
by MonoCoinSignal
6
Chainlink (LINK) - October 1Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (LINKUSDT 1W Chart) The key is whether you can climb to the 11.976-15.374 section. (1D chart) Primary resistance: 8.290-8.822 Secondary resistance: 9.869-11.064 Support: 6.7-7.411 We need to see if we can get support in the 6.70-7.411 section and move up to 8.290-8.822. If it falls below 6.7, it is expected to decline to around 4.976. As the Stoch RSI indicator is on the decline, it looks like we will soon enter the oversold zone. If you enter the oversold zone, it is important to find support in the 6.7-7.411 zone when you break out of the oversold zone. If supported, it is expected to move higher along the short-term uptrend line. ------------------------------------------------------------ ------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator contains indicators that indicate support and resistance points. ** SR_R_C indicators are displayed as StochRSI(line), RSI(columns), CCI(bgcolor). ** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100). (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
1
Chainlink : The 4th Industrial RevolutionToday H₿ Capital is analyzing LINK based on a (2W) chart 📈 What is ChainLink ? Chainlink is a decentralized blockchain oracle network built on Ethereum. The network is intended to be used to facilitate the transfer of tamper-proof data from Off-chain sources to On-chain smart contracts. This solution is important because currently, most smart contracts are “isolated” on the blockchain, which means they can only interact with other contracts on that same blockchain. This limits their usefulness, because in the real world, data doesn’t live on just one blockchain. In order for adoption to truly take hold, different systems need to be able to talk to each other in a seamless and secure way. Chainlink solves this problem by providing a way for smart contracts to access data from off-chain sources. This data can be anything from cryptocurrency prices to weather data or even individual identity information. In 2021 Chainlink has signed Eric Schmidt, Google former CEO, as a strategic advisor. Recently, the Interbank messaging system "SWIFT" has partnered with price oracle provider Chainlink to work on a proof-of-concept (PoC) project which would allow traditional finance firms the ability to transact across blockchain networks. To fully understand the extent of this partnership, remember that SWIFT is the most widely used interbank communication platform for cross-border payments. In particular, it connects more than 11,000 banks around the world and records an average of more than 40 million daily transactions (are you bullish now ?). Technical Analysis What we can see : - LINK made a complete Elliott Cycle started in June 2018 with the first leg of the impulsive wave (1,2,3,4,5) - Back in may 2021, following the bitcoin crash, Link started its " A B C" corrective wave movement in a "regular flat" structure (3,3,5) - By using Fibonacci retracements from the beginning of wave 1 (0,16$) to the top of wave 5 (52$) we can see that prices have stabilized on the 0,886 fib level (which generally indicates a potential bottom). Reasons to be bullish : - The spreads (long / short) are very low - Prices closed above the Tenkan and seem to hold it - Prices break the first downtrend line - MACD seems ready to initiate a bullish crossing - The slow stochastic wants to leave the oversold region So regarding all of the above informations, it seems that Link is ready to start a new Elliot cycle (1,2,3,4,5 / ABC) Two scenarios we can expect : Case #1 : Bulls - Prices take support on the Tenkan and break with conviction the 10$ area where we have a massive resistance (Kijun + SSB flat alignment) - RSI closes above level 46,67 / The stochastic closes above the oversold region / MACD crosses bullish R1 ----> Kijun flat (22$) R2----> Second downtrend line contact R3 ----> SSB + Kijun flat alignment : (28$) R4 ----> ATH (52$) TP1 ----> 89 $ (1,618 Fib level) TP2 ----> 142 $ (2.618 Fib level) TP3 ----> 194 $ (3.618 Fib level) Case #2 : Bears - Prices close below the Tenkan and below our first downtrend line. - RSI fails to break the 46,67 level / Stochastic fails to leave the oversold region / MACD doesn't cross bullish TP1 ----> 6,14 $ (0,886 Fib level) TP2 ----> 4,57 $ (Top of the biggest VPVR bar) TP3 ----> 3,46 $ (VPVR - Point of control) Good luck traders, may the crypto be with you 🍀 FEEL FREE TO LEAVE A LIKE AND FOLLOW ⭐ H₿ CAPITAL ⭐
COINBASE:LINKUSD
by Hector_Bienvenu
Hunter's Rally The next full moon is Hunter's moon on October 9th 2022 at 10pm right on the next Fib Time sequence also right at the end of the triangle. All things are aligning together , when the universe aligns things like this , its is a very special moment that must be taken advantage of. I do not have a logical explanation of what is occurring right now , all I do is trade it , it happens a few times every Bitcoin cycle and this is one of them. The next rally starts with Chainlink leading the market , the LINK/BTC dominance will break out on the full moon date also. If you want to check out trading plan for this move click the TA below. Things just line up together mostly under the start of full moons ,if you don't believe you will soon.
COINBASE:LINKUSDLong
by Sporia
13