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Chainlink

Chainlink Price Analysis — May 4As mentioned earlier, Chainlink has fallen to its lowest point in over 17 months, as the DeFi giant slumped below the $11.00 mark. After a sideways open to the week, LINK now appears to be gaining some upward traction, as it tapped the $11.50 top for the first time in four days. That said, the broader market sentiment has received a mild boost over the hours as traders hold ahead of the much-anticipated US Fed interest rate decision, dropping later today. LINK will remain in a bearish bias until we record a break into the pivot zone at $15, which also houses the daily 100 EMA. Meanwhile, my resistance levels are at $12.00, $15.00, and $17.50, and my support levels are at $11.00, $10,00, and $8.00. Total Market Capitalization: $1.76 trillion Chainlink Market Capitalization: $5.3 billion Chainlink Dominance: 0.30% Market Rank: #25
BITTREX:LINKUSD
by Mr_Wogbe_Alex
LINKUSD - Breaking down lowerThe price has broken down the Fib Channel 78.6% level, and it is anticipated to get down to the 100.0% (from the top) in the near future which would bring the price to around $8-$9 per Chaninlink token. To draw this Fibonacci Channel, the main trend line connects local high points. If the price does not hold this level ($8), the 123.6% Fib level could be the next support level. RSI has been descending and getting closer to strong support. **This is not Financial Advice** In my opinion, it could be a very good accumulation opportunity for LINK lovers.
COINBASE:LINKUSD
by PersianAnger
Chainlink (LINK) - April 27hello? Traders, welcome. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (LINKUSDT 1W Chart) Support: 11.31-14.49 Those below 11.31 are highly likely to enter the mid- to long-term investment area. (1D chart) The 11.31-14.49 section is an important support section. If it declines in this section, it is highly likely to enter the mid- to long-term investment area, so careful trading is required. So, if possible, I would recommend buying when it has solid support and starts to rise. (buy) - After confirming the support in the section 16.15-16.87 (Stop Loss) - When it falls below 14.49 and receives resistance - When it falls below 11.31 (Sell) - When receiving resistance near 20.84 - When receiving resistance in the section 27.20-30.38 (buy) - After confirming that it is supported by 11.31 or higher (Stop Loss) - When it falls below 9.87 (Sell) - When receiving resistance near 16.87 - When receiving resistance near 20.84 If it rises to the 27.20-30.38 section, a sharp rise is expected. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator will move accordingly as price and volume move. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (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
8
#btcstarburst To Early To Call The Bounce?So on the 15th on March we were in the exact same spot… The market has definitely made a move. Going back to see dramatic movement on days in multiples of 5 we definitely could see a major shift here… Could this be an opportunity for a long, hmmmm… DCA safely ( there are many patterns setting up for opportunities that are great projects like Chainlink, Polkadot, Eth, ADA and possibly ICP not sure about this one but this actually could play out to be successful for many people). Since Bitcoin pulls the market…. This is a GANN study The map of resistance and support has been playing out pretty significantly.
FTX:BTCUSD
by Jonnycatx
1
$8, $11 or $17 next for Chainlink ?Hello all. As the entire market, so does chainlink has approached a moment of decision. As we look at weekly timeframe. we see that link trades below the weekly ascending line of support (yellow line). At the same time, the current price trades below the 50 week EMA and also inside a descending channel(orange lines). The 200 week EMA sits at approximately $11 and the bottom of the descending channel at $7. Both of these levels also correspond with previous levels of support. In case the market sees a correction or a slight drop, these are the levels I believe Link will go next. On the other hand, link has the chance to go to $11 which is the top of the descending channel, and also the golden Fibonacci pocket. $13 is a strong level and we can see a bounce from this level as we did previously. Patience is key at this moment not only for Link, but also for the entire crypto market. The stochastic RSI says it all, it remains in the neutral area. Thank for reading, and stay tuned. Enjoy.
COINBASE:LINKUSD
by EdgarTigranyan
2
🆓Chainlink (LINK) Apr-19 #LINK $LINK LINK has been consolidating around the $13.5-14 zone for the past 1 week and it still holds the $13 zone. The buying power is also increasing so it is ready for a strong rally to the $16, $19 and $22 zones. 📈RED PLAN ♻️Condition : If 1-Day closes ABOVE 13.5$ zone 🔴Buy : 13.5 🔴Sell : 16 - 19 - 22 📉BLUE PLAN ♻️Condition : If 1-Day closes BELOW 13.5$ zone 🔵Sell : 13.5 🔵Buy : 12 ❓Details 📈Red Arrow : Main Direction as RED PLAN 📉Blue Arrow : Back-Up Direction as BLUE PLAN 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section
Long
by CryptoStation
1
ChainLink has so much potential!Link is actually the connection between all transactions. Link will allow smart contract to communicate with external sources. Link will also be the connecting piece between blockchains. For example, to make a transaction from erc20 to a bep address, you no longer have to exchange tokens and pay high fees. This is what the Oracle network is called and it is secure and completely decentralized, because of course it is on the blockchain. At the moment many Oracle networks are still in human hands and can be manipulated, but Link is working very hard to decentralize everything. Because link facilitates all these connections, link will be responsible for the security attached to it. Link will thus have a huge amount of power compared to other tokens. Links market cap is now at $11 billion and I really expect Link to move towards eth. Eth has a market cap of more than $400 billion and will continue to grow significantly. Not this bull run but the bull run after it doesn't surprise me when Link goes his market cap x50-x100. To do all of this, Link will need access to an enormous amount of data. The organizations that participate will be rewarded with Link tokens and this also determines a part of the price. Node-Operators are called the organizations that get Link tokens and the more operators, the higher the price. BINANCE:LINKUSDT
by finnlegend
1
Link is about to take offLink has just broken out of a 4 month old channel. It has not been confirmed yet but if we see it flip to support and volume come in, a big move is likely to come. We actually re-entered this channel 4 months ago, it was first formed in March 2020 - We also broke past the weekly R2 giving us 20% till the R3. Volatility is very low and will have to expand, which will push the price in the direction of the trend, and we can see the ADX is trending in a bullish posture. MACD is looking good and will not turn down as long as we trade above $27.449, Stoch will stay bullish above $27.81. If the retest holds, my targets are the golden fib at $35 and then $53.
Long
by MrBetonBlocks
Chainlink Cycles The link marines have a sour taste in their mouth , they are confused on why the link is not going up . If you go to the official chain link twitter you can see with every official link post showing the project's massive progress is met with a wave of angry investors asking why the price is falling and calling for the end of Chain link . All we need to do is take a look at the whole picture to get an idea why the link is going down, look at that parabolic ascent since 2018! How can one think that this ascent was sustainable , it's been on a godlike run for years 32000% since June 2018 and yet everyone has lost faith in the project. The link marines need to come to terms that Link had its blowoff top and has gone into a bear market and for the record link has been in a bear market before and that was 2018 , price retraced 88% and took about 500 days to return to all time high. Chain Link could very well be repeating its bear market pattern from 2018 before continuing on another multi year run. If so I do believe that the bottom is not in , I still think Bitcoin is yet to capitulate , check out the TA below. So if Bitcoin does capitulate to the 200 weekly moving average then the link still has to bottom . The golden box you see there is where I think the link will bottom sometime Late May -July 2022. If price does drop into this golden box then most likely it would wick down so best to set limit orders at 7.5-9.5 Dollars. Why would the link price start dropping May 2022 well we have a time frame because of this Time fib chain link sequence on LINK/BTC dominance chart. 23rd May 2022 put it down in your calendar what happens this date I don't know it could be a pivot down ,up ,bottom or nothing. Last few dates have gone up . Now two new discoveries today that I found first is that the Fib spiral seems to come around back in July 2022 which is interesting because that's when I think we will have a cycle bottom in July 2022 , we normally take 30-50days to cycle bottom from major pivot so pivot end of May 2022 lines up with july 2022. USDT dominance is the key to finding the bottom and that Fib sequence on that chart points to a July 2022 bottom. The next discovery is a new Chain link fib sequence which as you see has hit every single top so far perfectly , amazing find today ,next date 3rd October 2022 , thats the Fib time dates on the main chart above. So with everything I have found with Chainlink and these dates what I think could happen is the following : 1. 23rd May 2022 start pivot down to capitulate 2. Find a Bottom in the Golden Box around July 2022 3.3rd of October 2022 starts a parabolic run. 4.19th June 2023 return to all time highs. So breaking the descending wedge on price and weekly RSi before June 2022 will invalidate everything .
COINBASE:LINKUSD
by Sporia
8
Bullish sentiment for 2022 on High Performance Blockchain (HPB)High Performance Blockchain (HPB) could finally be in a position to realize the potential that many industry experts predicted for the chain back in 2018. The HPB chain is a layer 1, main-net Ethereum EVM-compatible chain, but it's unique feature is that it combines dedicated, custom-developed blockchain hardware, with the Ethereum Virtual Machine (EVM) software. The custom hardware, known as the " Blockchain Offload Engine " (BOE) accelerator card, is in some ways similar to a computer graphics card, only the BOE card was developed from the ground-up by HPB CEO Xiaoming Wang , to specifically run the HPB blockchain network. It is currently the only blockchain the world to fuse hardware and software in this way. The BOE card is what allows HPB to run at 5000tps (transactions per second) when compared to the Ethereum Network which runs at 15tps. In addition, the associated "Gas" fees with the HPB chain are around $0.0001 per transaction, compared to Ethereum's $50 per transaction at certain times of the year. HPB is faster, cheaper and more eco-friendly than Ethereum, utilizing a Proof of Performance (PoP) consensus mechanism, but the real jewel in the crown is the "Hardware Random Number Generator" , referred to as HRNG. The reason people in the industry are becoming so bullish on HPB right now is because many industry experts predict that " GameFi " will be the next big thing in blockchain. Gaming, with connections to blockchain, is estimated to be worth $55 Billion USD in 2022 according to Crypto.com - One of the elements critical to the success of GameFi, is the ability to harness PROVABLE random numbers , which are used to allow games to be completely non-deterministic and unbiased. Up until now, blockchains have typically used "pseudo" random number generators (PRNG) which are flawed. They used a seed value to generate random numbers, and these random numbers are based on mathematical calculations and algorithms. The issue with this type of mechanism, is that if someone knows what the seed algorithm is, then they can ultimately deduce the "random" number derived from it. Quite simply, users could not trust a platform where the random numbers are not truly random. There is room for misuse with this type of pseudo random number generator, and it is part of the reason why games, casinos and lotteries have struggled to make an impact thus far in the blockchain industry. HPB aims to solve this issue with HRNG which is known as a "True" random number generator (TRNG) as instead of deriving random numbers from a software-calculated seed value, it derives its seed value from the BOE accelerator card hardware. TRNG's can only be certified as provably fair if the seed value comes from naturally-occurring phenomena. High Performance Blockchain use their BOE card to monitor tiny micro-voltage fluctuations (down to 0.0001 volt) on the ever-changing power-draw of the BOE card, and then use an analog-to-digital hardware chip to convert those values into a 256-bit hexadecimal string. This constantly-changing string is then used as the seed value to generate truly provable random numbers. Better still, the random numbers can be generated for free by software developers wishing to develop DApps on the HPB chain. Unlike competitor oracle solutions such as Chainlink (LINK) VRF, which can cost up to 0.2 LINK tokens per random number called (approximately $5 in early 2022), the HPB HRNG supplies the provable random numbers at every 6-second block for free. This could revolutionize the blockchain industry, and DApp developers will be looking to take advantage of HPB random numbers as the GameFi sector matures. In addition, HPB are now making strides to provide the necessary developer tool-sets that DApp developers come to expect, and they are also developing a decentralized Random Load-Balanced (RLB) crypto bridge to connect to other EVM chains including Polygon, Binance Smart chain, Avalanche, Fantom, Tron and others. To put some perspective into upside potential of the HPB project, the current MCAP of High Performance Blockchain is £3 Million USD - It is a layer 1 main-net blockchain and the only chain in the world to fuse hardware (BOE card) with software. This is in comparison to a layer 2 sidechain such as Polygon which cannot generate TRNG random numbers on chain, and has a current MCAP of £11 Billion USD - So in effect, HPB would need to 4000x in value to reach parity with a chain that many blockchain technical experts believe to be an inferior chain to HPB. HPB is also running a hackathon competition on DevPost in May, inviting developers from all around the world to come and try out the chain. The HPB Global Telegram community have never been this bullish.
Long
by crypto-market-analyst
3