Chainlink Long Term Log ChartTheory of 4 on both long term resistance lines. 4th knock on any major line is a breakout.
LINKUSD.P trade ideas
Chainlink Surges 4% on ANZ Collaboration Is $15 the Next Target?Chainlink ( BIST:LINK ), a pioneer in decentralized oracle networks, recently experienced a 4% price surge following a groundbreaking announcement of its collaboration with the Australia and New Zealand Banking Group (ANZ). Together, they aim to revolutionize private transactions for tokenized real-world assets (RWAs) using Chainlink's new CCIP Private Transactions. With the potential to reshape institutional adoption of blockchain, this partnership could be the catalyst for Chainlink's price to reach new heights, with analysts eyeing $15 as the next key target. Let’s dive into the fundamental and technical aspects driving BIST:LINK 's bullish outlook.
The ANZ Partnership and Private Transactions for RWAs
One of the major barriers to institutional blockchain adoption has been the lack of privacy in cross-chain transactions. Financial institutions require complete data confidentiality while interacting with both public and private blockchains to meet stringent regulatory demands, such as Europe’s GDPR (General Data Protection Regulation). Chainlink's latest innovation—CCIP Private Transactions—addresses these concerns, allowing institutions to securely conduct cross-chain transactions without exposing sensitive details.
ANZ Bank, one of the leading financial institutions in Australia and New Zealand, has taken the initiative to pilot Chainlink's privacy solution as part of Singapore’s Project Guardian—an initiative aimed at advancing tokenized RWAs. This move could pave the way for broader institutional blockchain adoption, solving a key privacy issue that has been holding back large-scale institutional use of blockchain technology.
In the words of Chainlink co-founder Sergey Nazarov:
> "The lack of adequate privacy has held back institutional use of blockchain technology. With CCIP Private Transactions, we expect to see more large-scale transactions and an increase in institutional blockchain adoption."
This new feature allows financial institutions like ANZ to maintain full privacy while conducting cross-chain transactions, potentially revolutionizing how RWAs are managed on blockchain platforms. With this powerful use case, Chainlink ( BIST:LINK ) stands at the forefront of enabling institutions to adopt blockchain on a large scale.
Chainlink’s Growing Ecosystem
Beyond private transactions, Chainlink ( BIST:LINK ) continues to strengthen its position in the blockchain space. Recently, the project integrated its Proof of Reserve feature across Solana and Ethereum mainnets to enhance security for wrapped Bitcoin tokens. Chainlink has also partnered with ZKsync and Coinbase’s Base network, pushing further into decentralized finance (DeFi) and cross-chain token transfers. The continued expansion of Chainlink’s ecosystem only adds to the bullish momentum.
Technical Analysis
At the time of writing, BIST:LINK is trading at a 4.53% increase, driven by strong bullish sentiment from the ANZ collaboration and new technological advancements. The Relative Strength Index (RSI) stands at 66, indicating a bullish trend. This is particularly significant as it suggests that BIST:LINK is moving out of its long consolidation phase and gearing up for further gains.
Looking at BIST:LINK 's price chart, the coin is emerging from a falling wedge pattern—a bullish technical formation that often signals a trend reversal and the potential for significant price movements. While the wedge isn’t particularly large, it’s still significant enough to push BIST:LINK towards the $15 mark, especially as we approach the Halloween season, a period historically favorable for altcoin performance.
Currently, BIST:LINK is trading within a bullish price channel, with immediate support found at $7.8. Should prices consolidate around this level, it could set the stage for a further breakout toward the $15 target.
Key Drivers for Chainlink’s Potential Surge to $15
1. Institutional Adoption
The partnership with ANZ and the introduction of CCIP Private Transactions could attract more financial institutions to adopt Chainlink’s privacy solution. Increased institutional adoption is likely to drive demand for BIST:LINK tokens, as they are essential for executing cross-chain transactions and utilizing Chainlink's decentralized oracles.
2. Tokenized Real-World Assets (RWAs)
With the ability to securely tokenize RWAs and conduct private cross-chain transactions, Chainlink has positioned itself at the forefront of a rapidly growing sector. As more institutions seek to tokenize assets such as real estate, bonds, and commodities, the demand for Chainlink’s technology and its native token, BIST:LINK , is expected to rise.
3. Broader Ecosystem Growth
Chainlink's partnerships with major blockchain platforms such as ZKsync and Coinbase’s Base add more utility to $LINK. These collaborations enhance Chainlink's role in cross-chain token transfers, decentralized finance (DeFi), and other blockchain applications, further cementing its dominance in the decentralized oracle space.
4. Bullish Market Sentiment
The overall bullish sentiment in the crypto market, coupled with BIST:LINK 's breakout from a falling wedge pattern, could drive prices higher in the short term. The combination of technical and fundamental factors makes $15 a realistic target for BIST:LINK in the short term.
Conclusion
Chainlink's ( BIST:LINK ) recent price surge following its collaboration with ANZ Bank for private transactions of tokenized RWAs marks a significant milestone for the project. With CCIP Private Transactions, Chainlink ( BIST:LINK ) addresses a key challenge in institutional blockchain adoption—privacy. As institutional use of blockchain technology grows, so too will the demand for Chainlink’s decentralized oracles and its native token.
#LINK/USDT#LINK
The price is moving in a descending channel on the 1-hour frame
And it is sticking to it well
We have a bounce from the lower limit of the descending channel and we are now touching this support at a price of 10.60
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 10.80
First target 11.11
Second target 11.36
Third target 11.70
Chainlink: SetbackLINK pulled back significantly over the past seven days. However, we interpret this development primarily as part of the internal substructure of turquoise wave 3 and, therefore, stick to our primary assumption. Moving forward, the price should continue to rise and surpass the resistance at $20.85. However, if the price drops below the support level at $8.12 (probability: 27%), we will have to consider a lower completion for turquoise wave alt.2.
LINK Jumping the creek at 13.00 DCA encouraged 200% gainnot financial advice.
I explain why i believe we are in a great area to dollar cost average into at current prices with a downside risk to the 7.00 range.
Like follow and comment and
always Think Like A Whale #tlaw
and always practice Patience as Patience is Key #PIK
CHAINLINK - Copium!!!!!!Chainlink Copium prediction - with a recession looming it can create the final dip back to the previous mid range of the range from 2022/23, caused by the head and shoulder coated over the past yr, also lining up with the POC of the range. This can be the second wave. which then kicks off the delayed bull run that alts have been waiting for. Creating a 5 wave move targeting around the $100 psychological lvl.
BIG COPIUMM!!!!!!
LINK QUICK 1900%Gotta do this now, buy link and sell at $190. Its going to the pit as the DOGE support coin, so there'll be no more link after this.
GO GO GO
Ya boi,
Antizma
LINKUSD Is it about to catch the world's attention again?Almost 1 year ago (October 25 2023, see chart below), Chainlink (LINKUSD) gave us an excellent long-term buy signal after breaking above the Bear Cycle's Lower Highs:
Our 20.000 Target was hit and shortly after the price started to decline inside a 7-month Channel Down, which is still dictating the price action. Since the August Low though, the price has been rebounding on the 2023 Resistance, which we can now consider that it turned into Support.
This cyclical behavior was last seen during the previous Cycle when after a 2.618 Fibonacci extension reach, the price entered a multi-month correction below the 1W MA50 (blue trend-line) and then recovered for the 2nd and final (and most powerful) rally of the Cycle.
This is exactly what we've been seeing this time around also. See how similar the 1W RSI sequences also are between the two fractals.
As a result, we expect LINK to start rising aggressively, even on this month. The previous Cycle topped on the 4.382 Fibonacci extension, so assuming this will be targeted again, we expect to see 53.00 by mid 2025, which is almost its All Time High.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
LINK BULL STADUS: ACTIVEPATIENTS with LINK. As BITCOIN moves up, LINK will also. As I began to check my smart money movements; the 1WK TF is fully loaded with money flow.
Those who go long will be successful.
Many will enter the trade late, these are the traders who want an analysis fixed to their satisfaction which is always impossible to meet that need because it will never happen.
FOMO is a horrible action.
LINK is in entry status and even if LINK devalues by little, the devaluing will be likened to a cupcake-size.
$LINK getting ready to breakoutMove up to the line for the 3rd touch. Fall while the MAs 100% align, then back up to the line to breakout with strength.
Bullflag On Monthly Log Chart for LINKUSD has a target of $55.4For now this seems very achievable. This is a monthly chart pattern so this could take ome time to reach the target even after a breakout were to be confirmed. *not financial advice*
LINK going up?Pivotal moment for Crypto alts. I think BTC dominance is topping out soon. One of the beneficiaries of that will be the stronger altcoin projects such as CHAINLINK. It presents a good risk to reward trade once we can break out of the RSI and triangle pattern.
We are down over 50% since the highs this year. Alts remain highly risky in the short term so I’d rather be patient and wait for a confirmed breakout and keep a tight stop loss for risk management.
Not financial advice, just something I’m keeping an eye on before a potential long trade.
Chainlink last bear??I think we will see the last flush down for chainlink.
Looks like it want to fill the gap before pushing down.
Then finaly bullish!!
[Crypto Currency] The forecasting of LINKUSD's action price The forecasting of LINKUSD's action price on Sept 11th, 2024
Setting bids for LinkI already entered at around current prices for 50% but I think we fill the inefficiency below too.
Link to 875%Chainlink (LINK) is one of my newest investments. There is ongoing Early Access for Chainlink staking (I will post link in comments) for all intersted holders. This is trade (investment) setup on larger timeframe. I am not looking to reach targets 2,3,4,5 and 6 very soon, that could be year(s). I will sell most of my capital on targets 3,4 and 5. Small portion will be sold on Target 1,2 and hopefully 6.
Entry Zone: 6.91 – 8.93
Buy Zone 1: 1.50 – 2.81
Target 1: 16.49 – 18.90 (87%)
Target 2: 26.72 – 29.03 (203%)
Target 3: 35.82 – 38.72 (303%)
Target 4: 50.86 – 54.13 (471%)
Target 5: 70.53 – 73.48 (693%)
Target 6: 86.89 – 90.92 (875%)
Chainlink: Take-off! LINK shot upward last week and was thus able to leave our turquoise Target Zone (between $8.20 and $10.90). We expect the turquoise wave 3 to lead above the resistance at $20.85. However, a renewed dive into our Zone within the internal substructure is quite conceivable in the short term, which is why we continue to keep it active.
LINKUSD 15m bullish Cup & Handle & D/bottoms 1HR & 4HR
Here is a trade setup I am monitoring. LINKUSD tends be lower volume. On the 15m chart there is a bullish Cup & Handle.
I am watching for a 50% re-traceemnt of the handle & then to see if price breaks out at the top of Cup Neck-line.
On the 1HR & 4HR charts there seems to be some action as price comes off D/bottoms.
Long trade
Fri 9th August 24
Buyside trade
NY Session PM
6.00 pm NY Time
Entry 10.490
Profit level 13.300 (26.79%)
Stop level 10.165 (3.10%)
RR 8.65
