Chainlink #LINK v #Ethereum to 2.4X?Chainlink is exhibiting bullish market structure against ETH
Bullish market structure just means higher high's and higher lows --- uptrend
After a strong move
we are seeing a nice backtest of previous resistance
let's flip this into support and continue this trend into 2024
Oracles
LINK firming up v BTC. Can it form a right shoulder?...Can it bust through the neckline with strength
All unknown of course
There are no guarantees in speculating
you have to be down with OPP
O = Opportunity , can you spot the opportunity
P = Possibility --- what are the possible outcomes
P = Probabilities *** what percent chance do you assign to that possibility
Easy right ? ;)
But at least spotting things early can help you get positioned before things start moving to fast
That is the key y
You want to be positioned before the move right .. sounds obvious
aka don't chase
So let's see in Chainlink start over performing v BTC again
It did 2.4X v once already ..
PYTH --- Has created a new Inverse Head & shoulders pattern Which points to $1.25 on the log scale.
We did well previously on Pyth and had a pattern that got us to the current neckline.
The subsequent retrace has created a new right shoulder for us.
So here we are with a Double lined up for us.
Best of Luck.
LINK --- projecting out this year... $63 Next set of targets for LINK
not hard to predict Chainlink will keep trending up --- we're in a Bull after all
The hardwork by investors, was completed in the year and half sideway accumulation zone under $10
now what ...
not much
sit on your hands
and rotate shitcoin profits into it ... (if LINK is core component of your portfolio of course)
At some you will have to decide when you to start selling your LINK for USD ... it won't be easy
Preparing for PYTH longMore bullish than ever on PYTH, so non financial advice...
Here I'm waiting with patience for FIB-level 0.618
I think the yellow zone could be a great area to build a position. We could get some help from 20 MA and the trendline to hold the trend.
The big gains come when we break the flag and after that move to price discovery. I don't want to miss that.
I will be picky with the entry here and try to find one with tight stop loss.
Oraichain (ORAI) long huge potentialLow Cap Oraichain (ORAI) just painted an "Elefant bar".
ORAI is near 20/50/200 Moving average (Daily), and can use the moving averages as a spring.
This could to be the start of a new bullish wave.
I would split this trade in 3 take profit zones, and use tight stop loss.
Before I enter this trade I will wait for a retest....3.1 is a good entry for me.
Huge potential upside for this trading idea, but think twice...
!!! (ORAI) is a very risky low cap token !!!
Chainlink Long Play - 400% Gain Potential - FUTURE OF AI AND IOT
Entry Price: $7.30
Resistance 1: $9.37
Resistance 2: $19.00
Resistance 3: $34.00
As a financial analyst with a focus on cryptocurrency markets, I have conducted a number of analyses on Chainlink and offer an updated perspective on the asset's recent price action.
Chainlink has demonstrated a struggle to breach the same 77% range horizontal channel, delineated by a shaded orange band, throughout the past year. Should the asset surpass the pink diagonal line, we may witness sufficient strength to advance toward the next resistance level of $9.37, thereby representing a 33% increase. I estimate that this move may occur within 31 days, culminating at the end of May 2023.
Major resistances may not arise until the 19 and 34 dollar range, indicating an approximate price increase of 175% and 400% from present levels, respectively. In my assessment, these projections are not beyond the realm of possibility. In fact, considering past price action and current adoption rates, I posit that these estimates are exceptionally conservative.
Over the past three years, Chainlink has remained among my preferred assets and I perceive its potential to burgeon as undeniable. Therefore, I advise investors to consider incorporating Chainlink into their portfolios at this time.
Chainlink (LINK) is a cryptocurrency that provides a decentralized oracle network that enables different blockchains to communicate with each other through cross-chain interoperability. The technology provides secure cross-chain applications that allow data and tokens to move across cross-chain smart contracts. The cryptocurrency has shown a strong bullish trend, and the technical analysis indicates potential price targets of $9.37, $19.00, and $34.00. Moreover, the blockchain-agnostic oracle network has the most widely adopted oracle network in DeFi, providing the highest quality data that is resistant to manipulation. As blockchain oracles continue to reduce switching costs and meet security requirements for enterprise use cases, Chainlink is in a strategic position to benefit from the blockchain technology's adoption by global enterprises and governments.
Oracle to breakdown?Oracle - Expires 17/4 (30d) - We look to Sell a break of 81.98 (stop at 85.22)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
Broken out of the channel formation to the downside.
Previous support at 86.00 now becomes resistance.
A break of the recent low at 82.04 should result in a further move lower.
The bias is to break to the downside.
Our profit targets will be 73.88 and 71.88
Resistance: 86.00 / 88.00 / 91.22
Support: 82.04 / 79.00 / 78.06
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Be Weary of Small Caps.Hey Traders,
Disclaimer I own very small amount of API3 however, do not margin/ long it. THe MM will try moving smalls tonight in order to escape, also keep in mind that API3 is fundamentally a good chain because it can run automated makers such as Chainlink. The only problem is that we need to flush out the MM
Safe Trading,
Pulkanator
A Look At Oracle Protocols Huge Upside PotentialHere a look at Chainlink (LINK), Universal Market Access (UMA) and WINkLink (WIN) in comparison to BTC and as a type of blockchain protocol.
Overall the oracle protocols have heavily retraced about 80%-95% and it appears they are ready to explode again.
Assuming Bitcoin will kick off heresoon the final leg of its bull cycle these altcoins have great potential to gain market cap and price.
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Chainlink: 3 Bullish Signs#LINK #Chainlink has been dormant and bearish for quite some time. There are a few key things to note:
1. Whales are increasing buying of the token
You can visit www.whalestats.com to see the top ETHEREUM wallets and what they are purchasing/holding, many are starting to acquire LINK
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2. Selling volume decreasing on the chart with trapped sellers
This trading range has been going for quite some time yet the sellers were not able to secure a successful downwards breakout
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3. Fitting Wyckoff Schematic quite nicely
The Wyckoff Schematics help us identify the different between Accumulation and Distribution Trading Ranges - In a Trading Range the price Zig Zags up and down until eventually a breakout occurs, using the Wyckoff Accumulation Schematic we can see there are some clues in the similarities of the chart and the schematic that tell us LINK may be ready for a test of the upper bounds of the Trading Range.