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 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
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
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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Frequently Asked Questions
Chainlink (LNK) reached its highest price on Nov 10, 2021 — it amounted to 38.212 USD. Find more insights on the LNK price chart.
See the list of crypto gainers and choose what best fits your strategy.
See the list of crypto gainers and choose what best fits your strategy.
Chainlink (LNK) reached the lowest price of 4.872 USD on Jun 10, 2023. View more Chainlink dynamics on the price chart.
See the list of crypto losers to find unexpected opportunities.
See the list of crypto losers to find unexpected opportunities.
The safest choice when buying LNK is to go to a well-known crypto exchange. Some of the popular names are Binance, Coinbase, Kraken. But you'll have to find a reliable broker and create an account first. You can trade LNK right from TradingView charts — just choose a broker and connect to your account.
You can discuss Chainlink (LNK) with other users in our public chats, Minds or in the comments to Ideas.