🔗Chainlink(LINK)🔗 will Go Up⏰(15_min)⏰🏃♂️ Chainlink(LINK) is moving in the 🟢 support zone($7.34-$7.13) 🟢.
🌊In terms of Elliot waves , Chainlink(LINK) has completed its 5 waves in the 15-minute time frame.
💡Also, the Regular Divergence(RD+) between two successive valleys is clearly visible.
🔔I expect the 🔗 Chainlink(LINK) 🔗 to move towards my 🎯 Target 🎯 after the downtrend line breaks.
Chainlink Analyze (LINKUSDT), 15-min time frame ⏰.
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LINK
BITCOIN Bullish OutlookMy bullish outlook on Bitcoin stems not only from it potential as a politically neutral asset, but also due to the recent decision of the SEC to not appeal the Grayscale BTC ETF, thus making it a more attractive means of investment for the average consumer, as well as giving it credibility in the legacy markets.
In terms of price targets, some technical views suggest the following levels:
- $28,296
- $31,800
- In an extremely optimistic scenario, it might even reach $40,000.
1. The recent decision by the SEC not to challenge the approval of the Grayscale Bitcoin ETF suggests a more investor-friendly approach to Bitcoin investment may be on the horizon. This change in stance could make it easier for average joes to enter the Bitcoin market.
2. The rising global tensions are making Bitcoin appear increasingly attractive as it's a non-biased and politically neutral asset. This quality positions Bitcoin for potential success in uncertain times.
3. Notably, prominent figures like SkyBridge CEO Anthony Scaramucci embracing Bitcoin and JPMorgan Chase CEO Jamie Dimon altering his previously negative stance on cryptocurrencies add credibility to Bitcoin's prospects.
🔥ICP Bubble has Burst: Time to Pump the New OneICP fell by -99.8% after the listing! I condole with its investors.
But the downward movement is fading, which is good, because in such conditions, the accumulation phase usually begins. ICP still has $1.5B of capitalization and lots of developers work on it.
💥I'm pretty sure ICP will show it's potential dugring Bitcoin bull market.
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🔥EOS is Goin to Brake This Massive Wedge🥵EOS fell by -97% from highs and now its going to break the 500 days wedge.
The crypto market feels like dead and I don't know better time to take a look on altcoins and Bitcoin for the long term.
The targets are on the chart.
💥 BTW one more shake out is still possible. But will we see it? This is a big question.
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BITCOIN FORECAST, TREND POSSIBILITIES. Hello, good evening.
Here is my analysis of the price action of Bitcoin as of today. In the bigger picture, I have identified a head and shoulders pattern on the weekly time frame, along with the support trend line that Bitcoin is currently following. This suggests the possibility of Bitcoin revisiting the $15,000 to $18,000 range. To establish a healthy support trend line, we should observe a similar volume of buyers at that level. However, if the price of Bitcoin fails to hold at the $24,000 to $25,000 level and the volume cannot sustain at that price, Bitcoin could easily retrace to the aforementioned $15,000 to $18,000 range. Since I'm speaking for the weekly forecast, this will take time since we are eyeing the movement on weekly time frame.
In the daily time frame, I've observed that the immediate support is represented by the green box within the range of $24.9k to $25.8k. Furthermore, the head and shoulders pattern is still evident. In terms of price action, it's desirable to witness a significant uptrend within that range. If this occurs, it indicates that many buyers or bullish traders are still interested in a substantial price increase.
When Bitcoin experiences an upswing, it is likely that some large-cap altcoins will also follow.
In my personal opinion, we may be at the market bottom, with the bearish season potentially coming to an end and a new market phase on the horizon.
Always remember to trade responsibly.
🔥COMP Is At a Channel Mid: What's Next? 2 Options!Compound grew by +180% from bottom to channel top. It's very volatile altcoisn which can impress traders and investors, but now it's indise the channel mid.
The first confirmation of the upcoming growth will be the close of the Weekly candle above the mid of the channel. Usually, it becomes good support.
💥The targets in case of fall or close above the channel are diffrent. If the price fall to the channel bottom, the target will be at the top by +180%.
If the price close above the mid channel, the targets will be at the channel top by +70% and the order flow +229%.
I want to remind you, that these targets are only for the local growth. It will skyrocket during the full-fledged bull market!
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LINK ☀️ Upside In the Next 24 Hours; Bullish Forecast Cloudy ☁️, slightly bearish trading conditions will linger over the global crypto market in the next 24 hours. Sunnier ☀️ slightly bullish conditions will, however, prevail overChainlink Uniswap, and Cardano, according to ATTMO’s forecasts.
Over a one-week horizon, a mixed picture arises. The sun ☀️ will return and shine over Bitcoin, Litecoin, Cardano, and Uniswap. Other altcoins including Ether, XRP, and Binance face bearish clouds ☁️ and downside risks. Avalanche may even face stormy ⛈️ trading conditions, signaling the risk of a very bearish trend.
Follow us for more crypto weather reports!
🔗Chainlink(LINK)🔗will Go Down by Triangle⏰(1-Hour)⏰Hi, everyone👋.
🔗Today, I decided to analyze Chainlink(LINK) for you. I hope that it is useful to analyze.
📚 What Is Chainlink(LINK) ❗️❓
🔸Founded in 2017, Chainlink is a blockchain abstraction layer that enables universally connected smart contracts. Through a decentralized oracle network, Chainlink allows blockchains to securely interact with external data feeds, events, and payment methods, providing the critical off-chain information needed by complex smart contracts to become the dominant form of digital agreement.
🔸The Chainlink Network is driven by a large open-source community of data providers, node operators, smart contract developers, researchers, security auditors, and more. The company focuses on ensuring that decentralized participation is guaranteed for all node operators and users looking to contribute to the network.
🚩It seems that Chainlink(LINK) is creating a Contracting Triangle between two areas of 🟢Support🟢 and 🔴Resistance🔴 .
🔔I expect Chainlink(LINK) to move towards the 🟢 support zone($7.34-$7.13) 🟢 after breaking the lower line of the Contracting Triangle .
Chainlink Analyze (LINKUSDT), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Chainlink's Breakout Ballet?Unveiling a potential crescendo, Chainlink (LINK) pirouettes around a bullish narrative on the crypto stage this October 5, 2023. The meticulous choreography of a 'cup and handle' formation on the daily chart hints at a grand leap awaiting at $7.79. As LINK twirls at $7.732, marking a 4% ascent in the last 24 hours, the spotlight sharpens on the breakout threshold.
The market orchestra tunes to a bullish melody as the technical indicators harmonize with LINK's dance. The golden crossover between the 50 and 200-day Exponential Moving Averages casts a hopeful spotlight, while the Directional Movement Index (DMI) echoes a strong momentum despite a minor quiver.
In this performance, the high and low notes are marked by:
- Resistance Levels: $7.79, $10.00, $12.75
- Support Levels: $6.97, $5.85, $5.66
Amidst a chorus of mixed sentiment, with a Fear & Greed Index score of around 50, the audience holds a breath of cautious optimism. As the curtains of the market drama flutter, will LINK soar in a bullish ballet towards $12.75, or tumble to the bearish depths of $5.66? The baton trembles at $7.79, awaiting to cue LINK's next act in this market theatre, with eyes glued to the unfolding narrative and ears tuned to the market's rhythm, the breakout at $7.79 could be the opening act of a bullish symphony or a bearish dirge.
LINKUSDT - 05/10/23LINK
NOTES:
We look like we are ready to take off here from a cup handle on the 4hr, if BTC breaks out and does the move I'm in the trade for then this will break $8 today!
Targets:
Bullish: $8.80 then $9.50 are my take profits if BTC pumps or this breaks the SUPPLY at $8!
Bearish: $7.00 could be a last leg down before they push up and break if the handle I made doesn't hold I will not take this trade unless the handle breaks and tests!
02/10/23 Weekly outlookLast weeks high: $28351.8
Last weeks low: $27165.3
Midpoint: $25978.9
As September and with that Q3 comes to a close BTC saw a late price rally of 4.4% in a single hourly candle to finish the month strong.
Going into Q4 I still expect a sell off and revisit of the yearly open. With credit card debt at levels comparable to that of the 2008 financial crisis, as well as a 22-year high for FED interest rate, no confirmation of ETF approval and still 6 months out from the halving. These points all lead me to believe there will be one final flush out.
For this week I'm looking for weakness in BTC to potentially go short, however the stop loss would be tight. 32.5K is still a massively pivotal and would be a key area to watch.
ALT's such as LINK have served as a top signal for BTC in the past, currently LINK has rallied 40% in the last 2 weeks to reach local high, if the pattern stays true then that could be an early sign of where the rest of the market will end up in the coming weeks.
CHAINLINK READY FOR TAKEOFF!CHAINLINK READY FOR TAKEOFF!
Link is the leading oracle and has no real competition, this project will make it to near all time highs in the next 6-12 months and will retest perfectly unless there are any blackswan events in our economy.
Global corporations and enterprises are ready to adopt a blockchain standard and will do whatever it takes to get clarity before this next bull run.
Im expecting chainlink to make definite partnerships with top organizations on the globe and have the potential to have its own ETF or be apart of an ETF.
Chainlink is in a group by its self and theres only a couple projects out there that actually provide real world use-case and LINK is one of the best.
This asset is tightly following ETHERs 2017 bear cycle which lasted 790 days from the previous top. This resulted in ETHER having a massive blow off top and with things rhyming so closely, I believe that chainlink is poised to be upward of $200-$500 if we get lucky.
If this doesn't happen in this bull cycle i still expect to see these price levels by 2030-2031
because crypto cannot survive right now without Link and that gives it enough use-case as BTC does or more in this current day in age where Utility is needed and foundation has to be established to meet industry standards.
LINKUSDTThis is a 1D frame analysis for LINKUSDT According to the previous analysis, the price has advanced and is now close to a resistance area and we can see the potential for growth, but if it can break above the first resistance line we expect it to start moving towards the second resistance line. However, if it fails to hold above the resistance line and we have a pullback, we can expect price to be supported in the desired support areas.
LINK/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this LINK/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- chainlink (LINK) was also in the green rising to a multi-week high of its own.
After falling to a low of 7.26 LINK/USD surged to an intraday high of 7.82 during today’s session.
today’s peak pushed the cryptocurrency to its highest level since August 9.
the rise occurred as price strength moved past a resistance level of 67.00, with a current reading of 67.22.
LINK bulls are now likely looking to hit a ceiling of 8.00, as the 10-day (red) moving average maintains a recent uptrend.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
Full Breakdown of LINK | Breakout? | 1H, 1D, 1W Charts | NewsLINK Integrations, SHIB vs LINK
LINK, the Chainlink coin, has been the topic of the hour with many still under the radar wondering what the hell it is, and why is it up 16% this week while other alt coins are far behind? To put it short, Chainlink's CCIP (Cross-Chain Interoperability Protocol) has everything to do with it, and with Chainlink reaching a new milestone announcing 10 new integrations with blockchain networks including names like Avalanche and Ethereum, it's bout time you hop on the new evolution of Web3.
LINK is also on it's way up the ranks, with SHIB being one of the biggest meme coins now sits bellow LINK. Bringing LINK to 18th place.
1D Chart
- Wyckoff Distribution: Here to show the phases that which we reside, as you can see we are well past Wyckoff Distribution and are now at a level of support (4.7)
- FIB: We have been sitting here for over a year in consolidation. There has been a consistent pattern where we hit the 0.236 retracement then pullback for a couple months, as you can see we are reaching the level once again for a fifth time.
- Parallel Channel: Shows a steady decline
- Volume: Low trading volume meaning possible breakouts
- RSI: Relative Strength must stay above 40.00
- SMA: What help is this anyways lol
- Elliot Waves: Thought I should include the Elliot waves (ABC) because it was a pattern I was seeing since the last hit of the 0.236.
1H Chart
After crashes both in spring and summer, it was followed by a bullish rally. Both lasted 52 days before there was an uptrend.
- FIB: Summer rally hitting retracement levels, keep eyes out for any rejections
- Indicators: Northing much matters, just keeping an eye on 200 SMA to see if it still plays as a level of support (Summer)
1W Chart
- Stock RSI: Uptrend, getting ready to hit parallel channel and 0.236
- RSI: Probably the biggest thing to point out in this entire analysis is the Bullish Divergence
Bonus Chart
- Please tell me your thoughts in the comments of my analysis where you think the price is going, as it would help me out to make more of these! Thanks!