Crazy Chainlink Pumps - What do you think?What do you think of these massive Chainlink pumps at different times on the LINK/BTC and LINK/USD charts.
Link/BTC -> June 8th, 2020
Link/ U.S. Dollar -> May 7th, 2021
LINKUSD trade ideas
Chainlink ($LINK) Dips 10% Amid Ripple PartnershipA Game-Changing Partnership
Chainlink ( CRYPTOCAP:LINK ), known for its role as a blockchain abstraction layer enabling universally connected smart contracts, recently announced a groundbreaking partnership with Ripple. The collaboration aims to integrate Ripple’s RLUSD stablecoin into Chainlink’s decentralized oracle network, boosting its utility across decentralized finance (DeFi) ecosystems.
Launched last year, RLUSD has been making waves in the stablecoin market, with Ripple positioning it as a competitive alternative in the space. The integration with Chainlink will bring RLUSD into Chainlink’s price feed system, enabling secure, real-time transactions on both Ethereum and XRP ledgers.
Jack McDonald, Ripple’s SVP, emphasized the importance of trusted data for maintaining stability in DeFi. “By leveraging the Chainlink standard, we bring trusted data on-chain, further strengthening RLUSD’s utility across institutional and decentralized applications,” he stated.
Chainlink’s Chief Business Officer, Johann Eid, highlighted that the partnership is a strategic move to accelerate RLUSD adoption. By providing reliable on-chain data, the collaboration sets the stage for RLUSD to scale seamlessly within the DeFi space.
Technical Analysis
Despite the positive news, CRYPTOCAP:LINK saw a sharp 10% decline, with the asset currently trading at oversold levels. The Relative Strength Index (RSI) sits at 25, indicating significant overselling pressure. This presents a dual narrative: while the dip may raise concerns, it also offers a potential buying opportunity for traders and investors.
The 1-month low axis serves as an immediate support level. Should this level hold, it could act as a strong barrier against further selling pressure, potentially catalyzing a reversal. A break above the 38.2% Fibonacci pivot point would confirm a bullish recovery, driven by renewed optimism around the Ripple partnership.
Market Sentiment and Outlook
The partnership between Chainlink and Ripple has the potential to redefine stablecoin utility within DeFi ecosystems. With RLUSD poised for broader adoption and Chainlink’s proven track record in delivering secure oracle solutions, the collaboration is a win-win for both platforms.
The recent dip in CRYPTOCAP:LINK may be a temporary market reaction, as fundamentals remain strong. Investors should monitor key technical levels and capitalize on the oversold conditions to position themselves for a potential rebound.
Conclusion
Chainlink’s ( CRYPTOCAP:LINK ) dip, despite its promising partnership with Ripple, underscores the market's volatility. However, the long-term prospects of this collaboration point to a significant boost in utility for RLUSD and an enhanced DeFi ecosystem. For investors, the current oversold conditions could present an ideal entry point as CRYPTOCAP:LINK gears up for a potential rebound.
LINK daily -- hunting Chainlink for a Long entryYeah, so I think I will throw in ... 10 Bens on this ($1,000.oo).
when?
When the price goes lower.
$18 area looks like a solid support and turning point.
$20.20 area looks like a quadruple bottom? Is that the lower floor? Not so sure.. that's why I like $18 line.
Now $14 area is sketchy, Yikes!!!
Will watch the indicators falling, maybe $16 is the catch-all support.
It is interesting that I expect LINK to fall and I still have longs active. I mean I am hoping for 25% lower prices.. What's that doing for my active longs.. OH GEEZ.... sometimes ya gotta just HODL some of them.
Honestly it is too early to really tell how the indicators are going to fall, for how long and how deep. What we have here is....anticipation target areas. Eventually (this year probably this quarter, PA on LINK will surpass $25 and probably hit $31. So I do have my bias expectations for LINK's future PA.
Now I did do a small $260 trade and sold out at $320, a solid 20% gain for about a 1 month hodl trade.
Chainlink has some momentum going on with the European community. I think that volatility will continue to be strong with LINK.
Link idea - Billions 4.12.2023Possible volume marked in the zones, and 2 AHTUNGS, #1 - TP ,and in the other lets lunch Billions Breakout Bot
LiNKChainlink:
it is no surprise that pullbacks will always occur in the market and most times a sustained pullback can turn to a trend change.
the charts i am about to show you below, signifies the next possible movements for link based on its charts and following its trend as well this 4 hr chart shows how the orders are flowing and the orange circle tell the recent points at which price seks to take liquidity from before continuing the up trend. the best way to take advantage is to use the 15 min as price approaches that point of interest.
Inverted Head & Shoulders on LinkPer my analysis on Link it appears that its finishing its formation of a massive inverted head and shoulders that can be seen from a weekly or monthly chart. I expect a potential flush to retest the neckline as support or retest the EMA's prior to a bounce to higher highs (this does not need to happen but it will be healthy consolidation for the asset to continue on its move). Overall per the charts it looks like 2025 can potentially be very bullish for Chainlink.
LINK may go to $33 soonLINK is breaking out of an accumulation zone and completing a cup and handle formation with a measured move in the $33 region.
Watch for the resistance zone above $33 for a potential stall out of the move; however, if it can break that level, then we can easily move much higher.
Remember, BTC finally diverged from the market today. This could be the beginning of ALT season that we have all been waiting for since late December.
Shampoo formation on LINK- head and shoulders have a low hit rate when it comes to playing out in a bull market
- that said, LINK is in a very clear hs that is not only present on the daily but on the 2D and 3D chart as well
- if there ever was a time for a shampoo to actually breakdown, this would be it
- target more than 20% lower
link updatewe are still valid for a potential c-wave down on link if we dont see a reversal or breakout on the up side this is what i believe will happen. we will know most likely by next week if we have a lower low or a break out to the up side.
Chainlink Head and Shoulders
The Chainlink head-and-shoulders pattern is preparing to target an area of 11-12. The entire market is aiming for levels seen before the election.
Short term long Chainlink 1H Forgot to post but I entered a short term long position here.
Price hit a strong demand zone and the pattern shows multiple pinbars
Strong setup
Chainlink Price target $757Chan link is in wave 3. The completion of wave 3 in the future will be $757 price target which is the 141 Fib reversal.
LINKUSD "CHAINLINK" Crypto Market Heist Plan on Bearish Side🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
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however I advise placing sell limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest high level should be in retreat.
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Goal 🎯: 16.000
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LINK - Long This is the perfect setup for a long position its been 2 days since the crash and normally day 3 everything stabalizes and pumps back up if you put a position in now wait for it to pass the 27$ price point hold for about a day or two
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
Chainlink Bull Run MapPotentially how this bull run could play out. Personally, I'm more bullish on Chainlink, but I think this is a reasonable pathway to temper expectations. If it breaks above, all bets are off.
Chainlink's Bullish Surge: A Potential Rally on the HorizonChainlink (LINK), the leading decentralized oracle network, has been making significant strides in the cryptocurrency market, captivating the attention of investors and analysts alike. The token's price has surged to a multi-year high, surpassing the $30 mark, as hopes for a substantial 80+% rally continue to gain momentum.
The Driving Forces Behind Chainlink's Rally
Several key factors have contributed to Chainlink's bullish momentum:
1. Increased Institutional Adoption:
o A growing number of institutional investors and financial institutions are recognizing the value of Chainlink's decentralized oracle network.
o This increased adoption has led to a surge in demand for LINK tokens, driving up the price.
2. Expanding Ecosystem:
o Chainlink's ecosystem continues to expand rapidly, with new projects and dApps integrating the oracle network.
o This growing ecosystem strengthens Chainlink's position as a critical infrastructure for the blockchain industry.
3. Positive Market Sentiment:
o The broader cryptocurrency market has been experiencing a period of positive sentiment, with many tokens seeing significant price gains.
o Chainlink has benefited from this overall market optimism, as investors seek out high-potential projects.
4. Technical Analysis:
o Technical analysts have identified bullish patterns on Chainlink's price charts, suggesting that the token could continue its upward trend.
o Key technical indicators, such as the Relative Strength Index (RSI) and Moving Averages, are signaling strong buying pressure.
The Potential for an 80+% Rally
While the cryptocurrency market is inherently volatile, many analysts believe that Chainlink has the potential to experience a significant price surge of up to 80+% from its current levels. This bullish outlook is based on several factors:
• Strong Fundamentals: Chainlink's robust technology, growing ecosystem, and increasing institutional adoption provide a solid foundation for future growth.
• Market Sentiment: The overall positive sentiment in the cryptocurrency market can further fuel Chainlink's rally.
• Technical Analysis: Bullish technical indicators suggest that Chainlink's price could continue to climb.
Cautious Optimism and Risk Management
While the potential for a substantial price increase is exciting, it's important to approach the cryptocurrency market with caution and practice sound risk management. Here are some key considerations for investors:
• Diversification: Diversifying your investment portfolio across various cryptocurrencies and other asset classes can help mitigate risk.
• Dollar-Cost Averaging (DCA): Investing a fixed amount of money in Chainlink at regular intervals can reduce the impact of market volatility.
• Risk Tolerance: Assess your risk tolerance and only invest an amount that you can afford to lose.
• Stay Informed: Keep up-to-date with the latest news and developments in the cryptocurrency market, especially regarding Chainlink.
In conclusion, Chainlink's recent price surge and the potential for an 80+% rally have generated significant excitement among investors. While the future of the cryptocurrency market is uncertain, Chainlink's strong fundamentals and growing adoption position it as a promising investment opportunity. However, it's crucial to conduct thorough research, exercise caution, and implement sound risk management strategies.
LINK cycleLINK on weekly since its inception bounced from 0.618 fib starting new cycle. If it matches previous cycle path we can see it at $500 this cycle. Not financial advice. Just a math.
Chainlink’s Cup-and-Handle Breakout: Key Levels, Volume Signals,Greetings Everyone,
Wishing you all a prosperous and joyful season!
I wanted to share a quick analysis update regarding Chainlink (LINK).
The chart is showing some exciting developments that align with classic technical patterns, which might hint at further bullish potential.
🎯 Chainlink’s Recent Breakout: Key Highlights
1. Cup-and-Handle / Base Breakout
Chainlink has recently broken out of a textbook cup-and-handle accumulation base. This pattern typically signals a bullish continuation, especially when combined with strong volume.
2. Massive Volume Confirmation
The breakout came with two of the largest volume candles in over a significant time period . Volume validated this bullish breakout, as it confirms strong participation from buyers and suggests further upward momentum.
3. EMA Support and Dip-Buying Opportunities
• As long as the price holds above the critical label (4) level, any pullbacks to the Exponential Moving Average 9,21 (EMA) should be seen as buying opportunities. Any break below EMAS with strong rejection should be sold immediately.
4. Massive spike on the DMI (directional movement index) indicator confirms buying pressure.
5. Projected Price targets using Fibonacci
Further Research Material:
Will be supplementing post with other resources to help you to make a better trading decision.
Please check link:
www.dropbox.com
Quick Recap:
•Price above label (4) = bullish continuation.
•Controlled Dips to the EMA = Buying Opportunity
•Sustained volume = confidence in further price movement.
• Strong Rejection Below EMAS= No support for current pricing. Sell signal.
Closing Thoughts:
Look out for entering during a “cool off period” aka accumulation phases.
Best,
clemard
Chainlink ($LINK) road to $100Chainlink is following the 2020/2021 fractal perfectly so far. Next steps is retest of the $38 region. Then some sideways, then blow-off top that takes us to $100.
