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Chainlink

Chainlink's CCIP: Buy the Rumor, Sell the NewsPotential summer slowdown There's been a noticeable uptick in criticism towards Chainlink on X, with the prevailing narrative questioning the necessity of the BIST:LINK token. I anticipate downward pressure on BIST:LINK due to Bitcoin's influence, potentially exacerbated by the voices of skeptics, who will cite CCIP GA as a failure. While this may lead to a dip in sentiment and price, it could also present better opportunities for investment. On the chart, a nice head and shoulders with declining volume, as well as resistance from the Bull Market Support Band and the previous trendline starting in early March.
BINANCE:LINKUSDShort
by BikBookly
21
Chainlink (LINK): Oversold and Undervalued. Surge to $37+Finally, after a long wait, we got filled on Chainlink, and we entered at $12.93. This is our entry point. The entry is holding up quite well and solid so far. We still see strength in Chainlink and we do not believe that our large stop-loss will be triggered. Also, for the first time since May 2022, the RSI has fallen into the oversold area, which is another sign of how strongly Chainlink has been sold off. We are holding on to this and still expect an increase to at least $37.45, probably even to $47.45.
CRYPTO:LINKUSDLong
by freeguy_by_wmc
📈LINK: Key Levels and Market Indicators in Daily Time Frame💎🔍Today, we're analyzing LINK in the daily time frame. After reaching a peak at 20.623, we experienced several fakeouts, and now we've retraced to around 13. This level has acted as a strong support, preventing further downside movement. 📈🛒Currently, we're seeing a strong buying candle, indicating a potential entry point for buyers. Moving forward, let's consider other parameters to confirm our analysis. 📊Firstly, let's analyze the volume. After the recent selloff candle, we encountered significant buying volume at the support level. However, volume has significantly decreased since then, with red candles showing decreasing volume day by day. This divergence suggests caution and indicates a lack of confirmation for the current trend. 💥Looking at the RSI, we observe that it has reached oversold territory, which could serve as an attractive entry point in an upward trend. However, there is minimal divergence, particularly visible in the 4-hour timeframe. Positive divergence triggers above the 30 line on the RSI could confirm its activation. On the flip side, a crucial resistance at 36.06 may hold the RSI in check, resulting in price ranging behavior. 💎Observing the SMAs, we note that the SMA7 has reached the candles, but the candles are closing bullish, indicating that the SMA7 may not exert significant pressure. Conversely, the SMA25 has distanced itself from the candles, suggesting that either the candles need to move towards the SMA25 or range until the SMA25 catches up. ✅Considering these parameters, it appears that the price has a stronger inclination towards upside movement compared to downside. Potential upside targets include 16.699 and 20.623. However, it's essential to remember that nothing in the market is guaranteed, and support levels may fail. In such a scenario, activating a stop-loss for long positions and considering short positions may be prudent. Potential downside targets could be 10.989 and 8.377. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
Long
by itsparham96
LINKUSD: Potential Long Entry on the Horizon with Bollinger BandIntroduction Chainlink (LINKUSD) is a cryptocurrency that powers a decentralized oracle network for smart contracts. It provides a secure and reliable way for blockchain applications to access off-chain data, enabling a wider range of functionalities. This article analyzes LINKUSD through the lens of Bollinger Bands and a potentially reversing trend, suggesting a possible long entry opportunity in the near future. Understanding Bollinger Bands Bollinger Bands are a technical analysis indicator that utilizes volatility to depict potential price movements. They consist of three lines: • Simple Moving Average (SMA): This line represents the average price over a chosen period. • Upper Bollinger Band (UBB): Two standard deviations above the SMA, indicating potential resistance areas. • Lower Bollinger Band (LBB): Two standard deviations below the SMA, indicating potential support areas. The Bollinger Bands expand and contract based on volatility. High volatility widens the bands, suggesting a more volatile market, while low volatility narrows them, indicating a calmer market. LINKUSD and Bollinger Bands Analyzing the LINKUSD chart with Bollinger Bands reveals valuable insights: • Recent Price Movement: LINKUSD has been trading within a relatively tight Bollinger Band range for the past few weeks. This suggests a period of low volatility, with price movements largely contained within the bands. • Squeeze: The recent Bollinger Band contraction indicates a potential squeeze. Squeezes often precede significant price movements, either upwards or downwards. Reversing Trend Signals Technical indicators alongside Bollinger Bands can strengthen the long entry case for LINKUSD. Here are a couple of reversal signals to consider: • Relative Strength Index (RSI): The RSI is a momentum oscillator that measures the magnitude of recent price changes. An RSI value below 30 suggests the asset may be oversold, potentially indicating a trend reversal. • Moving Average Crossover: A bullish crossover occurs when a shorter-term moving average crosses above a longer-term moving average. This can signal a shift in momentum from bearish to bullish. Combining Bollinger Band Squeeze and Reversal Signals By combining the Bollinger Band squeeze with potential reversal signals from indicators like RSI and moving average crossovers, traders can identify potential long entry opportunities. • Breakout from Upper Bollinger Band: A breakout above the Upper Bollinger Band, following a squeeze, can signal a bullish trend reversal. This suggests the price may overcome resistance and continue upwards. • Increased Volume: If the breakout is accompanied by a surge in trading volume, it strengthens the bullish case, indicating increased buying pressure. Why Consider a Long Entry Now? Here are a few reasons why a long entry in LINKUSD might be worth considering based on the current technical analysis: • Bollinger Band Squeeze: The recent squeeze suggests a potential breakout, which could signal a trend reversal. • Oversold RSI: If the RSI dips below 30, it might indicate oversold conditions, making LINKUSD an attractive buying opportunity. • Positive Developments in the Chainlink Ecosystem: Positive developments within the Chainlink ecosystem, such as new partnerships or integrations, could boost investor confidence and lead to a price increase. Important Considerations Before Entering a Long Position While the technical analysis suggests a potential long entry, it's crucial to consider other factors before making any investment decisions: • Market Volatility: The cryptocurrency market is inherently volatile. Price swings can be significant, and unexpected events can disrupt even the most well-thought-out trading strategies. • Fundamental Analysis: Don't solely rely on technical analysis. Conduct fundamental analysis to understand Chainlink's project roadmap, team, and overall market position. • Risk Management: Always implement proper risk management strategies, such as stop-loss orders, to limit potential losses. Conclusion The combination of Bollinger Band squeeze, potential RSI oversold conditions, and a possible trend reversal suggests a long entry in LINKUSD might be on the horizon. However, remember that technical analysis is not a foolproof method, and fundamental analysis and risk management are crucial for informed investment decisions. Disclaimer: This article is for informational purposes only and should not be considered financial advice. Please consult with a qualified financial advisor before making any investment decisions.
COINBASE:LINKUSDLong
by bryandowningqln
Chainlink What Now?Is this move a surprise not really if you been following my Chainlink ideas. Published in February warning traders that giant rising wedge had formed and the target of that wedge is back to the top of the massive range at 8-10 dollars. March 18th we got a bearish cross the MACD , this was another signal of things to come. On the LINK/BTC we can see that we hit the exact bottom of June 2023 lows when Chainlink hit 5 dollars and completed its wave 5. We also have this very important date coming up with LINK , which is April 22nd 2024 or more like the week instead a specific day. This Fib time sequence has predicted Chainlink event for years with 100% succuss rate , check it out below We once again get to see if proves to show us something of value. On the Main chart above you can see this time fib sequence once again showing pivot points on the weekly , showed us all time high , June 2023 low , I mean simply amazing sequence here apart from 3.618 in grey you can see failed to produce anything special. Even though the target for the rising wedge is 9-10 dollars I would link to see LINK hold the 1/1 Gann Fann right now its sitting right on it so we don't want to see a close under that would be pretty bad to close under the 1/1 again.
COINBASE:LINKUSD
by Sporia
4
Chainlink : Rocket Launch or Freefall?Looking at Chainlink on the daily chart, we've noted the development of a 5-wave structure from a low at $5, culminating in a Wave 1. This wave is projected to range between $20.3 and $25, currently aligning well with the $20.3 mark. Following this, we anticipate a retracement towards Wave 2, which is expected to fall between 50 and 78.6% retracement, landing somewhere between $12.87 and $8.4. Zooming into the 4-hour chart provides a clearer view, suggesting that Waves 3 and 4, particularly Wave 3, have likely concluded. We're now observing Wave 5, which appears poised for a slight upward trajectory, an action that might seem minor on the broader chart. However, on this more detailed chart, we predict an ascent up to a maximum of $22.46, though, as indicated by our analysis on the daily chart, a push up to approximately $25 is also within the realm of possibility.
CRYPTO:LINKUSDLong
by stromm_by_wmc
6
Chainlink Giant Rising Wedge formed.Rising wedge target is back to top of chainlink accumulation range at 9.3. Clear rising wedge pattern with two touch points top and bottom. We are coming up to the Chainlink fib sequence I have been using for years it has a 100% win rate at predicting Chainlink events , major moves , bottoms or tops. Last Fib time hit was the Big move down in May 2022 marked a major bottom for LINK. Next one is April 22nd 2024 and anything can happen for LINK around this time , its interesting also that it lines up with the Bitcoin halving. LINK/BTC Link has failed to break this level time and time again and until this level is broken I don't think we will see a major move for LINK. It is possible that coming in 22nd of April we get a big move down for on LINK/BTC to test the 1/1 Gann fan again, yellow circle you see on the chart. If thats the case then expect a major move down the fact that we are forming such a massive rising wedge with only 60 days from the next count is telling. I also get a two different Fib time dates on 22nd April the one use see above is completely different start and end points yet the 618 falls on the same date. Maybe LINK breaks the resistance on this date and moons or maybe it crashes and bottoms , who knows! all i know is that the next date after Aprill 2024 is May 2027 so best be ready for anything .
COINBASE:LINKUSD
by Sporia
8
Crypto Has Bottomed! Buy Now!I've been tracking this Elliott Wave count for some weeks now including other coins. We have an obvious 5 waves carved and RSI divergence on the daily/weekly. We now have all the characteristics of a Wave C decline with very rapid price movement declining over the weekend. The Wave 4 bottom was taken out, which can be a spot for liquidity before moving higher and also at the 0.382 Fib level. I am expecting prices to go to $34-$38 next, which will be the 1.618 fib extension of this entire 5 wave move and a previous high where I would expect liquidity to be present.
Long
by adriel.arrasmith
Chainlink (LINK) - Bullish Falling Wedge PatternChainlink will lead to a breakout very soon, 3 points of contact have also been made within the Falling Wedge Pattern. Support Zone is between £13.00 - £13.50, this support area is a very strong buy interest level. In addition, the Falling Wedge Pattern's are often considered a bullish signal, a reversal from the current downtrend from the recent dip indicates price will shortly break above previous Resistance levels above for Chainlink. ‼️DISCLAIMER PLEASE READ CAREFULLY‼️ *(THIS NOT FINANCIAL ADVICE, ALWAYS DO YOUR OWN RESEARCH! I AM NOT RESPONSIBLE FOR ANY LOSS OF EARNINGS FROM ANY INVESTMENTS THAT YOU MAY MAKE BASED OFF ANY OF MY IDEAS. ONLY INVEST WHAT YOU CAN RISK TO AFFORD TO LOSE IF YOU MAKE THE DECISION TO DO SO. DO NOT INVEST, UNLESS YOU'RE PREPARED TO LOSE MONEY, IF NOT ALL.) (CRYPTOCURRENCY CAN BE HIGH-RISK INVESTMENTS DUE TO THE VOLATILLITY OF IT'S NATURE, AND YOU SHOULD NOT EXPECT TO BE PROTECTED IF SOMETHING GOES IN THE WRONG DIRECTION. SEEK PROFESSIONAL ADVICE FROM A CERTIFIED FINANCIAL ADVISOR.)
Long
by Bitcoin_Benny