Exploring a Potential Chainlink Recovery Amid Market VolatilityIn these uncertain times, we recognize that market conditions may continue to be bearish. However, I’d like to share an idea that explores a potential trend in the event that Chainlink begins to recover and follows a bullish trajectory, supported by its strong and growing fundamentals.
While there'
Key stats
LINK: Last Chance for Chainlink Dominance. LINK Dominance to 1%There are currently 37 million alt coins that exist today. Most alt coins continue to bleed and get smashed against Bitcoin as Bitcoin Dominance continues to surge. Even solid cryptocurrency projects like Ethereum and Polygon are continuously making new bear market lows on their bitcoin pairs. Two a
#CHAINLINK FAKEOUT? LINK is currently trying to break out of the downtrend on 1h chart. As we are in a big downtrend at the moment, link could potentially pullback to the 13.00 area and continue its bearish movement.
If we end up breaking the 13.00 resistance, link will head higher to the next resistance which sits a
CHAINLINK: Continuation of Downtrend Toward Key Support LevelsChainlink (LINK/USD) remains in a strong downtrend after failing to break above key resistance at $14.45.
Selling pressure continues to dominate, increasing the likelihood of a drop toward $11.582, a major support key-level. Read on for a full technical breakdown.
Chainlink (LINK) continues to st
Chainlink LongAfter a few months of waiting on the sidelines we are back with a chainlink long after a deep retrace.
Link is showing bullish divergence on the lower timeframes after double bottoming at this crucial support and completing an 886 retracement of an informal Gartley. The support level can be seen a
LINK: CHAINLINK to $100 Primary EW Count Primary EW Count: Chainlink is trading in an overshooting B wave in a potential flat pattern. A common fibbonaci ratio for the top of an overshooting B wave in a flat pattern is the 1.236 - 1.382 fib which spans between $92.82 - $131.31.
Not all flat patterns have an overshooting B wave, hence the
LINK: Wyckoff Accumulation Schematic #1 Chainlink is trading in Phase E of Wyckoff Accumulation Schematic #1. The Golden Window (0.618-0.786) has caught both LPS (Last Point of Supply) for Chainlink. Here are the price targets when Chainlink breaks out of the accumulation schematic:
Bear Case: $59.09 (1.618 fib)
Base Case: $92.82 - $131
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