Cryptographic Truth (Chainlink)I know the chart looks ridiculous; it's hard to visualize such crazy vertical moves, but we have to follow history, and so far, we are still mirroring the last link bear market.
When you go back and spend time analysing Chainlink movement, you can you see that all of the big moves happen within a 40 day window, yep thats it 40days, extreme volatility and then its over in a blink of an eye.
Lets go back from the very start of Chainlinks history, well atleast to where the Coinbase chart starts.
2017
The first ever big Chainlink move from start to finish happened in just 40days.
2019
The second big move chainlink did lasted just 46 days and it was over , as soon as we broke the range we launched straight up to the 3.618.
2020
The next move higher was again the same break of range 41days till top.
2021
We also did something similar here we broke the range and within 30 days we break all time high again , then kept on pushing higher during the bull market for the blow off top.
As you can see when chainlink breaks this range it could just be 40days of "only "up" and then its over.
For the past couple months I have been following this bear market fractal that played out of chainlink last cycle. Its been close , very close , even now the last pullback was nearly the same .
So if the pattern continues to play out Chainlink will break out of the range October which lines up with "smartcon".
In the last TA about chainlink I went over all the past Octobers and saw that there has only been one October that chainlink has finished in the red , just when it got listed.
Oct 2017 -55%
Oct 2019 +49%
Oct 2020 +28%
Oct 2021 +19%
Oct 2022 +2.75%
So where does it go once the range its broken, thats the magic question if it repeats last cycle we talking about 170 dollars by January 2024.
I think if there is a explosive move it will be back to all time high just under the 8/1 Gann Fann.
My Eillot wave indicator is lining up with the 8/1 nicely and again the move would only last 40ish days
Chainlink broke all time high four times before the cycle peak with Bitcoin, question is will it do it again.
LINKBULLUSD trade ideas
It's Time , Chainlink RallyStart here:
At the bottom of the comments of the TA above links to the next in the chain.
We have been 518 days in this range; you have had 518 days to buy Chainlink under 8 dollars.
I have been following this range for a very long time, and now I believe it's time we finally break it to the upside. The bar pattern keeps on playing out perfectly, so the next step of the fractal is a test of the top of the range with a break this time.
If you looked at the TA I linked above, you should know that we have been following a very specific bar pattern.
Chainlink had a small pullback at the top of the range back in 2019, which is very similar to what's happened right now. In 2019 there was a pulled back to the 0.618 Fib before making the big move out of the range and now we have a pullback to the 0.5Fib very similar moves.
According to the bar pattern, we will break the range in the next 7 to 10 days. Once that happens, the chances are there will be a multi-month rally, which is not to be confused with a bull market rally because the bull market does not start until the end of 2024.
If you've been procrastinating about buying Chainlink, your time is up. We looked at Chainlink's history; we know that after a break in the range, we could get a very aggressive move. There won't be time.
I think I have covered everything in the last few TAs on Chainlink. The time is now; the trade is simple:
2XL leveraged Chainlink tokens on Bybit, and we hold till December 2023. Whatever the price—20, 35, or 50—that trade will be closed based on time and the bar pattern fractal.
So to conclude:
1. First bullish monthly cross on Chainlink's history MACD
2. Bullish bar pattern fractal mirror
3. Lower high candle structure the weekly
4. Break of downtrend resistance on the LINK/BTC
5. 518 days of accumulation
Chainlink Wave - Ascending Triangle Signals a Bullish Breakout!
I am thrilled to share that Chainlink has been forming an intriguing pattern on the charts - an ascending triangle. This pattern indicates a potential bullish breakout in the near future and presents an excellent opportunity for traders like us to capitalize on this upward trend. So, fasten your seatbelts, my friends, because we are about to embark on an exhilarating ride!
For those unfamiliar with an ascending triangle, it is a bullish continuation pattern characterized by a series of higher lows and a horizontal resistance level. As the price consolidates within this pattern, the pressure builds up, setting the stage for an explosive breakout. With Chainlink's recent price action, it becomes evident that the bulls are gaining strength and are ready to push LINK to new heights.
Now, you might be wondering, why Chainlink? Well, let me tell you why this cryptocurrency has caught my attention. Chainlink has established itself as a leader in the decentralized oracle space, providing reliable and secure data to smart contracts across various blockchain platforms. Its innovative technology and partnerships with major players in the industry have positioned it as a key player in the rapidly growing DeFi ecosystem.
Considering the rising demand for decentralized finance and the increasing adoption of smart contracts, Chainlink's value proposition becomes even more compelling. As the market continues to recognize the importance of reliable data feeds, Chainlink's role as a bridge between the real world and blockchain technology becomes increasingly vital.
So, here's the call-to-action, my fellow traders: it's time to go long on Chainlink! With the ascending triangle pattern signaling an imminent breakout, now is the perfect moment to position ourselves for potential gains. By taking advantage of this bullish momentum, we can ride the Chainlink wave and potentially reap substantial profits.
Remember, as traders, we thrive on seizing opportunities when they arise. Chainlink's ascending triangle pattern is a clear indication that the time to act is now. So, let's dive into the market, set our stop-loss orders strategically, and ride the wave of potential profits that Chainlink promises.
As always, please conduct your own research and consult with your trusted financial advisor before making any investment decisions. The cryptocurrency market can be volatile, but with careful analysis and a well-executed strategy, we can navigate these waters and come out on top.
Wishing you a successful trading journey ahead!
Chainlink Primary Wave 1 in the making?Hello everyone
In my primary scenario, I assume that CHAINLINK is currently extending its Intermediate 4 via a Flat (Regular or Expanded) in order to subsequently complete the final Wave 5 and thus Primary Wave 1. The price will then correct in a Primary Wave 2 before moving into a massive Wave 3, which will probably reach new All-Time Highs.
The target of Wave 4 comes together due to several confluences:
Intersections of:
classic 38.2 FIB target for Wave 4
Wave C FIB Flat target (for Expanded Flat)
Base Channel
Temporary Elliot Channel
Range Subwave Minor 4
temporal correction ratio of Intermediate Wave 2 and 4
Take care and have a nice Christmas Time.
Will LINK MANAGE TO CROSS $20?Bullish Turnaround: LINK showcases a bullish turnaround, aiming to end its consolidation phase.
$15 Bullish Breakout: A breakout at $15 signals a bullish comeback and hints at a potential jump to $20.
Rounding Bottom Pattern: The daily price action indicates a rounding bottom pattern with a neckline at $16.56.
Bitcoin's Influence on Altcoins: Bitcoin's uptrend readiness is positively impacting altcoins like Chainlink.
Higher Low Formations: Chainlink's price trend is forming higher lows, surpassing the $15 mark.
Growing Buyer Confidence: Increased confidence in Chainlink suggests a sprint towards $20.
10% Jump in 48 Hours: LINK's price action includes a 10% increase in the last two days, supported by bullish engulfing candles.
Intraday Trading Volume Rise: Rising intraday trading volumes back the ongoing recovery and hint at a longer uptrend.
Current Trading Price: LINK is currently trading at $15.833, indicating a bullish trend continuation.
4H Chart Range Breakout: In the 4-hour chart, LINK reflects a range breakout, signaling a potential entry point for further gains.
Technical Indicators - EMA and RSI: The positive spike in the 50-day EMA and the daily RSI line maintaining a positive trend suggest strong bullish momentum.
Year-to-Date Gain and Whale Interest: With a year-to-date gain of 189% and increasing interest from whales, LINK's bullish potential is significant.
🚀 Link Breakout: Next Target 14.44! 🎯Hey Link Traders! 🤟
We've been riding the Link wave and it's been good to us! 🏄♂️
📈 Chart Analysis: The chart is as straightforward as it gets. We've been in a channel, hitting resistance and finding support like clockwork. 🕰️
🎯 Next Target: After the recent breakout, our eyes are set on 14.44. This level is the one to watch. 👀
💰 Last Entry: We got in at 6.03 and took profits along the way. The chart has been working like a charm. 🍀
🛑 Exit Strategy: If the price dips under the new support, we'll go short. But for now, we remain long. 📊
🔥 Why Link?: It's been one of the most reliable altcoins, and we've been quite active in trading it. Chainlinks is an oracle network that allows smart contracts to interact with data from off-chain. Web 3 beauty🐝
That's it, folks! Keep an eye out for more updates. 🛰️
One Love,
The FXPROFESSOR 💙
Chainlink's ($LINK) Superb Performance
Despite LINK's strong performance in recent months, the asset has been trading sideways for about three weeks. It fluctuates between local support at $13.3 and a resistance level at $15.3.
For a revival in trading activity, LINK needs to decisively break through one of these levels and establish a new threshold. Should the upward movement persist, LINK might approach the resistance area around $16.00-$16.61, with prospects of pushing towards $17 and $18.
On the flip side, if LINK descends and stabilizes below the $13.3 mark, the asset could drop to about $12.84 and even reach the support zone of $11.16-$12.05, where a substantial amount of buyer orders are situated.
LINK to the future! 1 to 1 Extension Bull Flag! LINK (Chainlink) Securely connects smart contracts with off-chain data and services. Decentralized oracle networks provide tamper-proof inputs, outputs, and computations to support advanced smart contracts on any blockchain.
Transaction Value Enabled (Trillions):
$6,973,444,253,833
The industry standard oracle network:
Chainlink greatly expands the capabilities of smart contracts by enabling access to real-world data and off-chain computation while maintaining the security and reliability guarantees inherent to blockchain technology.
What is TVE?
Transaction value enabled (TVE) is a Web3 metric that measures the aggregate monetary value of transactions facilitated by a protocol over a given time period. TVE is calculated by taking the sum of the USD value associated with each transaction that passed through a protocol during a given period.
LINK needs no introduction as it is the leader and first in Decentralized Oracle Space in Blockchain Technology!
With one of the Strongest communities around and a technology that the industry respects and relies upon... LINK will link the Future of Blockchain and become the standard for Decentralized Oracles!
IMO LINK has bottomed and a reversal is underway!
LINK - Bullish TriggerI'm looking for this price action - a break and consolidation above the eternal range - to confirm the beginning of a secular run. If that happens, I'll buy more.
I'm keeping in mind the fact that LINK front ran the rest of the market last time, and hoping it does the same this time, too.
Link to 15.7I created this Gann fan is July 2020 and it is still holding perfectly. You can see 4 month of consolidation on the Gann support and the RSI breaking out of the downtrend. The next Gann fan resistance and horizontal resistance confluence is at 15.7, the same prediction I did in July 2020.
Chainlink LINKUSDT Price Analysis (1d)Greetings, fellow traders! 📈
Let's delve into the intricate move of the LINK price action. Currently ensconced within a compact bull flag, this comes on the heels of a noteworthy markup surge from the accumulation zone.
Analyzing the finer details, there's a compelling narrative: an imminent potential rebound from the sturdy support at $12.80, near EMA50. The first milestone in our journey is set at the $16.82 resistance level. 🚀
But, the plot thickens. Should the price breach the $17.00 barricade, the panorama expands. Our gaze shifts to targets, navigating through the $20.00-22.00 range. 🎯
Stay vigilant, happy trading!