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Oracle

Chainlink (LINK) Is UndervaluedAs the major go to oracle in the crypto space that powers the majority of DeFi, Chainlink (LINK) is undervalued at these levels below the 0.236 Fibonacci level at $23. We're also in a trough on the weekly RSI's meaning we're pretty oversold. Chainlink has nice steady long term growth and I personally believe Chainlink under $20 is a steal long term. Point of Control (POC) is around $27.45 where the majority of price recognition has occurred.
COINBASE:LINKUSDLong
by peacefuljustin
LINKUSDT 4HHi everyone Market participants can expect the price of LINK to recover from the level of $ 19.03 A reversal of this support will lead to a jump to the price range at $ 23.31 As the price crosses this barrier, the price is on the way to the next resistance at $ 25.62 Although it seems likely that the uptrend will continue above $ 25.62, investors should be wary above this level On the other hand, if the price can not stabilize above the level of $ 18.51, it will most likely move to the bottom of the price range at $ 17.23 Thank You
by shayanfb
2
$BAND/BTC 3D (Binance Spot) Big falling wedge near breakout Band Protocol is starting to show some reversal signs, next impulse should be enough to regain 50MA support! Current Price= 0.0001362 Buy Entry= 0.0001368 - 0.0001164 Take Profit= 0.0002209 | 0.0003189 | 0.0004976 Stop Loss= 0.0000889 Risk/Reward= 1:2.5 | 1:5.1 | 1:9.84 Expected Profit= +74.49% | +151.90% | +293.05% Possible Loss= -29.78% Fib. Retracement= 0.236 | 0.382 | 0.559 Margin Leverage= 1x Estimated Gain-time= 8 months Website: bandprotocol.com
Long
by TradingOn
Oracle Corporation (ORCL) channel upThe technical figure Channel Up can be found in the US company Oracle Corporation (ORCL) at daily chart. Oracle is an American multinational computer technology corporation. The company sells database software and technology, cloud-engineered systems, and enterprise software products—particularly its own brands of database management systems. In 2020, Oracle was the second-largest software company in the world by revenue and market capitalization. The Channel Up has broken through the support line on 01/12/2021, if the price holds below this level you can have a possible bearish price movement with a forecast for the next 38 days towards 84.76 USD. Your stop loss order according to experts should be placed at 98.95 USD if you decide to enter this position. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NYSE:ORCLShort
by legacyFXofficial
Chainlink: Cooler Minds PrevailIf blockchain technology is game changing, isn't the technology that will 'LINK' offchain data to the blockchain going to be pretty valuable? We have seen many 'hyped' products and meme coins run amuck, we have observed incredible game changing financial products like Ethereum begin to dominate. It is rare in an emerging market full of hype and memes to find a value play. But that is what we are looking at gents - a product that is fundamental to the long-term growth of the digital currency revolution. Chainlink is the gold standard of oracles, with the only other peer perhaps comparable being CTSI. The smart contracts on Ethereum are game changing, but the bridge between offchain data and the blockchain is the game maker. And that bridge is two fold, getting off-chain data into the blockchain, and likewise acting as a gateway between the blockchain and offchain systems - like in all practicality integrated directly into a companies ERP system. Let's say you are in a country with faulty institutions (the entire world takes a big sigh as we can all relate to insurance claims not being paid for any good reason for example) - through smart contract technology both parties can agree to the third party that provides the input determinant and then have a trustless insurance product for example make the payout. i.e. Example 1 A small farmer wants crop insurance. Agrees with a vendor online to make payments for crop insurance and if it does not rain in 20days he gets an automatic and timely payout via the smart contract. The smart contract almost like an escrow account holds the pending capital and the oracle finds an agreed upon third party that takes the offchain data (the weather) and bridges it to the blockchain 20 days of no rain, and the farmer gets his payout and the smart contract automatically executes, and he can spend his time worrying more about farming, then filing insurance claims with a poorly run institution armed with - people. Example 2 A gentleman wants to play a game of online poker vs a gentlewoman Both parties rather than relying on a faulty, untrustworthy centralized casino can play against each other directly via 'trustless' ai The draws online are actually fair, and the payout is made automatically as the capital is released from being locked up from the smart contract, as the oracle feeds the inputs of the draw I'm sure there are innumerable additional examples, and perhaps you could explain an even better one, or offer clarity on the two I outlined - the point is that the future is very bright and ChainLink is going to aid in rushing it in. Plus, the technical analysis for Chainlink are fantastic right now and indicative of us being able to run with a value play in an emerging market. Chainlink has already achieved it's 2017 goal of becoming the #1 oracle for decentralized applications. Chainlink already is underway with Chainlink 2.0 research.chain.link ChainLink 2.0 will enable 'hybrids' which will essentially enable smart contracts to compute off the layer-1 blockchain and onto itself - the decentralized oracle network which will greatly mitigate down the excessive costs right now especially related to complex transactions in a heavily congested network. One negative to be observed is simply the slope of the 20dma (red line)
COINBASE:LINKUSDLong
by ZenMode
6
ERG/USDT Is a downtrend breakout in sight? We are Ready!Intro: - ERGO is an Oracle that will be used for the Cardano blockchain. - ERGO worked together with Charles from Cardano and they talk highly from each other which is a good thing if you believe in ADA and it's approach. - SEC confirmed that crypto will not be banned and especially Bitcoin and Ethereum will not be banned. Daily chart: - Price currently is within a downtrend and near a local support around 10.5$. - Volume decreases since the start of September where ERG was listed on Kucoin. Once we break the downtrend this could change quickly. - RSI analysis shows a "soft" downtrend breakout. We are still going down but could set a higher low. - Support lines are at 10.5$ and 8$. - Resistance lines are at 12.5 and 19$. Expectation: - We expect a further price appreciation during the next three months and a solid recovery until the end of October. Currently price depends on the ADA price token which is stagnant at this moment. - Looking forwards into October where we might see an ETF approval for Bitcoin . This would be in favor for the whole market. - We possibly retest the 10.5$ line which could act as support and help ERG to push through the purple line. This could lead to another bullish rally together with the whole Cardano ecosystem. - End of the year prediction: We will see a 50$+ Ergo before the end of 2021. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Specials: - Boxes represent either entry zone or support zone . Check the description. - Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.
Long
by tumbler55
7
Local recovery for Oracle. ORCLVery short term outlook in this idea in an otherwise bearish tangent. Oracle Pivoted a while ago without yet establishing the lowest of lows. Fibonacci goals are in green, and invalidation is in red. We know of no more powerful tool in analyzing the markets other than NeoWave/Elliott Wave theory when correctly combined with a few tools in out belt. Make sure to remember that this is not financial advice, and we never give financial advice on this channel. It is your job to create or seek out your own. Good luck out there and be smart!
NYSE:ORCLLong
by Rykin_Capital