$LINK 10X initiatedKey rejection from this level marks a strong recovery that aims straight at ATH. Path is delineated but speed may very. Months long consolidation will bring explosiveness to it.10X for this main industry player is highly likely. Many onset developments to be excited about with this one. March 1 Pinned tweet quote:
" Introducing #Chainlink Functions—the serverless #Web3 platform for connecting any data, device, or system to smart contracts.
Functions brings Web2 services like
@awscloud, @Meta, and @googlecloud
on-chain to empower devs to #LinkTheWorld to Web3.
blog.chain.link/introducing-functions/ "
Marines
$LINK Continuation (Intraday Trade)Hi, been some time. A low timeframe chart of chainlink.
LINK has been trading in 27.6-28.4 zone since we saw yesterday's pamp trough 27.5 resistance. It hasn't retraced below which means enough buyers to support it above the resistance.
We could see next leg up today if BTC gives link room to move up and out of distribution zone. 28.8 - 29.5 - 30.8.
Wait for confirmation on this one or enter in the lower 27's. Careful, this is a short term margin trade!
$LINK: We've seen this before. What next?Ok there's a lot going on here, but $LINK has been following this pitchfork channel pretty well for almost its entire existence, so we have some precedent to work with.
- 4 separate times it has touched and or broken below the lower blue 1.0 deviation on the pitchfork. After each of these times it's pumped pretty hard.
- Chainlink has also climbed steadily in a nice channel before a breakout multiple times, as indicated by the orange boxes.
I think that the market is primed for summer and that we'll see some ridiculous growth in the next few months. HOWEVER! I wouldn't be surprised to see people capitulate and for $LINK to retrace back to $20 dollars and touch that lower blue 1.0 pitchfork prong.
Either way. I'm stacking linkies as much as I can. It's literally the most important project in all of defi and arguably all of crypto. I'm so comfortable in $LINK it's not even funny. Short term price action is just for entertainment :)
Enjoy!
~ maxbro
$LINK: Follow up on pitchfork PAI just wanted to point out how ridiculously on point the pitchfork is on the 4hr for $LINK. With a lot of volatility in the market due to the end of month $BTC options expiring, extremely high gas fees and the subsequent chainlink team sales of $LINK in order to pay for the network costs, we saw a pretty violent correction! However! If you're in a spot position like me, and not leverage trading $LINK like a doofus :) You're completely fine as we saw just as violent a recovery!
I am so impressed by the pitchfork's ability to capture those wicks. If you had placed buy orders at those levels? You'd have caught them to the penny, and that's just awesome to see. For me, the fact that we're back over $30 dollars, and that the buyers stepped in so aggressively below that? Is nothing but bullish for this project. I WISH it would stay this low for longer? But I doubt that we'll be able to buy $LINK this cheap for long.
TL:DR, With a bunch of market scenarios stacked against $LINK, it's incredibly bullish that PA recovered to its current levels so quickly. I'd expect #Chainlink to continue its march towards 3 figures in the next few months. The pitchfork has been really awesome at capturing that trend. I am SPOT trade only on this at the moment. I personally am holding my $LINK for a long long time.
Two scenarios for LINKIf you like my TA or other ideas, please leave a like to show support. It helps me out a lot
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S/R scenario:
- LINK is ranging between $13 & $10.5
- It finds support @ $10.5 and moves up, either to break through $13 towards $15 or to test resistance for the fifth time at $13
Channel scenario:
- Link is ranging in a downward channel
- It can find support in the middle of the channel (matches with the $10.5 level) and moves up towards the top of the channel.
- Or LINK doesn't find support in the center and breaks further down in which case we could be seeing $6 LINK very soon.
What is your opinion on this pair?
[$LINK] Link Marines is jumping out the boat ?FR/EN
Version Française
Bonjour à tous,
Aujourd'hui, coup de projecteur sur Chainlink ($Link)
Chainlink est un oracle qui fournit des données hors chaîne aux contrats intelligents (smarts contracts). C'est un réseau décentralisé qui relie les contrats intelligents aux données externes. Il vise à intégrer des données du monde réel dans la chaîne afin que les contrats intelligents puissent interagir avec des événements et des informations du monde réel qui existent en dehors de la chaîne.
Ces dernières semaines le cours butait sous la résistance des 5$ pour l'exploser et connaitre une hausse montre touchant les 9$
Le prix a corrigé et revient tester sa Tenkan Daily. Il faut suivre la cloture si le prix arrive à cloturer au dessus, nous sommes sur une continuité haussière, en revanche, si ce n'est pas le cas, nous entamerons un repli plus profond dans les jours à venir.
De même, le MACD nous a fait un bearish cross ...
Prudence pour tout ceux qui seraient interessés de rentrer en ce moment.
Ma vision est plutôt sur une baisse pour revenir tester des niveaux qui n'ont pas été validé dans cette montée.
Stay Safe, Trade Safe,
PEACE!
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English Version
Good morning, everyone,
Today's spotlight on Chainlink ($Link)
Chainlink is an oracle that provides out-of-chain data to smarts contracts. It is a decentralized network that connects smarts contracts to external data. It aims to integrate real-world data into the chain so that smarts contracts can interact with real-world events and information that exist outside the chain.
In recent weeks the price has fallen under the resistance of the $5 to explode to a $9 rise.
The price corrected and returns to test his Tenkan Daily. We have to follow the closing if the price manages to close above, we are on a bullish continuity, on the other hand, if not, we will start a deeper pullback in the coming days.
Similarly, the MACD has given us a bearish cross ...
Caution for anyone interested in going home at this time.
My vision is rather on a decline to come back to test levels that have not been validated in this ascent.
Stay Safe, Trade Safe,
PEACE!
LINKUSD: PullbackLinkmarines cautiously push LINKUSD towards resistance.
I will take short here, because pullback looks weak and overall sentiments are bearish. I think retest of yearly lows is highly possible.
Information is just for educational purposes, never financial advice. Always do your own research.
RSI support unwavering, LINK momentarily stalled Despite the recent blow top, there has been tremendous support and consolidation around a dollar. The RSI has not dipped past support and we are indeed in a bull run.
!. Beat the bots: sooner or later whales will come through and buy the books or conversely sell them all. Volume is low and games may be played with LINK/BTC until the asset is listed liberally.
2. Catalysts: Testnet Mainnet all the nets your caught up in the nets with your head in the (n00bs d0nt) node (; $$$$
Even if bitcoin blooms we will see support. No one will stop the silent swooning of sacks of link.
Late bloomers all bloomers nonetheless