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Chainlinkanalysis

Chainlink Set for 100% Surge Amidst Strategic Partnership The Price of Chainlink ( CRYPTOCAP:LINK ) is set for a comeback with a potential 100% surge in sight- amidst striking a potential partnership with the Abu Dhabi Global Market (ADGM). The asset is currently depicting multiple signs of a bullish renaissance with the daily price chart hinting at a bullish symmetrical triangle. Similarly, the daily Relative Strength Index (RSI) is at 52 hinting at a potential bullish surge incoming coupled with the falling wedge depicted in the chart. Chainlink ( CRYPTOCAP:LINK ) entered into a strategic partnership with the Abu Dhabi Global Market (ADGM) to promote tokenization in the UAE. As part of the collaboration, Chainlink and ADGM have signed an MoU to create a secure and legally sound environment for asset tokenization in financial markets. Significantly, ADGM will provide regulatory guidance, frameworks for secure tokenization, and expertise in asset tokenization. At the same time, Chainlink will contribute its technical expertise, blockchain-based solutions, and tokenization infrastructure. What Is Chainlink (LINK)? Founded in 2017, Chainlink is a blockchain abstraction layer that enables universally connected smart contracts. Through a decentralized oracle network, Chainlink allows blockchains to securely interact with external data feeds, events and payment methods, providing the critical off-chain information needed by complex smart contracts to become the dominant form of digital agreement. Chainlink Price Live Data The live Chainlink price today is $15.47 USD with a 24-hour trading volume of $326,378,851 USD. Chainlink is up 2.47% in the last 24 hours, with a live market cap of $10,167,634,903 USD. It has a circulating supply of 657,099,970 LINK coins and the max. supply is not available.
Long
by DEXWireNews
The Bull Market Is Just Starting For Chainlink LINKHello, Skyrexians! During this bull run the best performance has been showed by the old high cap coins, BINANCE:LINKUSDT is not an exception. It had a textbook accumulation and then growth for 5x+ from the bottom. Is it enough or the main gains ahead. Let's take a look at the weekly time frame. The first wave from the bull run start we can count as a wave 1. Then retracement has happened in the wave 2 and currently asset is forming wave 3. Looks like now price is finishing the wave 2 inside the larger wave 3. It would be better to see the green dot on the Bullish/Bearish Reversal Bar Indicator like we have seen previously, but the zone is already great to buy this asset. Target is located between 1 and 1.61 Fibonacci extensions which corresponds the price range between $40 and $50. Best regards, Skyrexio Team ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
Long
by Skyrexio
2
LINK/USD "Chainlink vs US Dollar" Crypto Market Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟 Dear Money Makers & Robbers, 🤑💰🐱‍👤 Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the LINK/USD "Chainlink vs US Dollar" Crypto market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry and short entry. 🏆💸Be wealthy and safe trade.💪🏆🎉 Entry 📈 : "The loot's within reach! Wait for the breakout, then grab your share - whether you're a Bullish thief or a Bearish bandit!" Buy entry - above 20.000 in Pullback Sell Entry - can take in any price level Stop Loss 🛑: Thief SL placed at 18.000 (swing Trade Basis) for Bullish Trade Thief SL placed at 20.000 (swing Trade Basis) for Bearish Trade 📌SL is based on your risk of the trade, lot size and how many multiple orders you have to take. Target 🎯: -Bullish Thieves TP 28.000 (or) Escape Before the Target -Bearish Bandit TP 14.000 (or) Escape Before the Target 📰🗞️Fundamental, Macro, COT, Sentimental Outlook: LINK/USD "Chainlink vs US Dollar" Crypto market is currently experiencing a Bearish trend in short term period (but there is a higher chance for Bullish)., driven by several key factors. 🔱 Fundamental Analysis: The fundamentals of Chainlink (LINK) are strong, with a growing ecosystem and increasing adoption of its oracle services. This has led to an increase in demand for the token, which could drive up prices in the long term. 🔱 Macro Economics Analysis: The current macroeconomic environment is favorable for cryptocurrencies, with low interest rates and high inflation. This could lead to an increase in demand for cryptocurrencies like LINK, driving up prices. 🔱 COT Report Analysis: Unfortunately, I couldn't find the latest COT report for LINK/USD. However, based on historical data, commercial traders have been increasing their long positions in LINK, indicating a bullish sentiment. 🔱 Sentimental Analysis: The market sentiment for LINK/USD is currently bullish, with 70% of investors expecting the price to increase in the next week. Social media sentiment is also bullish, with 65% of tweets and posts expressing a positive sentiment towards Chainlink. 🔱 Fear and Greed Index: The fear and greed index for LINK/USD is currently at 60, indicating a greedy sentiment. This suggests that investors are optimistic about the future price of LINK. 🔱 Overall Outlook: Based on the analysis, the overall outlook for LINK/USD is bullish, with a potential price increase of 10% in the next week. However, the market is subject to volatility, and investors should exercise caution when making investment decisions. 🔱 Positioning: Institutional investors are increasing their long positions in LINK, indicating a bullish sentiment. Retail traders are also optimistic about LINK, with 75% expecting the price to increase in the next week. 🔱 Upcoming Future: The future outlook for LINK/USD is bullish, with a potential price increase of 20% in the next month. The growing adoption of Chainlink's oracle services and the increasing demand for cryptocurrencies could drive up prices in the long term. ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 📌Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions. 📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly. 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🤑🐱‍👤🤗🤩
COINBASE:LINKUSD
by The-Thief
LINKUSD looking greatHello fellow traders, today we look at LINK. LINK follows a clearly structured path: Base -> Phase 1 (building strength) -> Phase 2 (testing previous ATH) -> Phase 3 (parabolic run with blow-off top) Once the top is in, base is found at previous top. We are currently in Phase 2. If past is any indication, a run to ATH is likely, getting some resistance there and then breaking it, followed by a parabolic run and blow-off top. This is not a financial advice, do your own research. Good luck!
COINBASE:LINKUSDLong
by carefulCheese32259
1
Chainlink - Bullish Q4 2024! 🚀LINK: Expect a pullback to retest the are zone of= $12.93 shorly. Due to the bulls being overpressure with momentum. Chainlink in the past week has broken out of a major resistance zone dating back since: August 2024. 🌟Target= $23 ‼️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.)
COINBASE:LINKUSD
by Bitcoin_Benny
1
Chainlink LINK price have potential for x3 growthTweeters have become "active" around #Chainlink They write that over the past 2 weeks, "whales" have bought 10 million CRYPTOCAP:LINK This amount is 1.5% of the total number of coins in circulation now or 1% of the maximum suply. Whether this is a lot or a little, whether it will act as a driving force or not, whether you believe in the project's potential or not - of course, it's up to you to decide. But as long as the OKX:LINKUSDT price is above the blue trend line, the potential for x3 growth by the end of the year remains.
by P_S_trade
2
Chainlink Breaks Through: Trading Volume Fuel 9% SurgeChainlink (LINK), a prominent player in the decentralized oracle network (DON) space, has defied the broader cryptocurrency market trend with a significant price increase. On May 25, 2024, LINK surged by an impressive 9%, surpassing the $17.50 mark for the first time in six weeks (as reported by Will Izuchukwu). This positive movement comes amidst a period of relative stagnation in the overall cryptocurrency market. Analysts attribute this rally to a confluence of factors, with two key drivers emerging: 1. Increased Trading Volume: A significant surge in trading volume often precedes or coincides with price increases. In Chainlink's case, trading volume over the past 24 hours has jumped by a staggering 78%. This heightened activity suggests renewed investor interest in LINK, potentially fueled by optimism surrounding the project's future or short-term trading strategies. 2. Positive On-Chain Metrics: Beyond trading volume, on-chain metrics provide valuable insights into the health and activity of a blockchain network. While the specific on-chain metrics influencing LINK's price increase remain unreported in the provided excerpt, a positive trend in these metrics could indicate: • Increased Use of Chainlink Network: A rise in the number of active users or transactions processed on the Chainlink network suggests growing adoption and demand for its oracle services. This would be a positive indicator for the project's long-term viability. • Active Development: On-chain metrics can also track development activity on the network. An increase in such activity suggests the Chainlink team is actively working on improvements and new features, potentially leading to future growth. Possible Explanations for the Rise While the specific details behind this surge are unknown, here are some potential explanations to consider: • Market Speculation: The broader cryptocurrency market has been experiencing a period of consolidation following recent volatility. Some investors might be seeking opportunities in undervalued projects, potentially leading to increased buying pressure for LINK. • Positive News or Developments: News of partnerships, integrations, or upcoming protocol upgrades for Chainlink could have sparked investor interest and buying activity. • Technical Analysis: Technical analysts who study historical price charts and trading patterns might have identified bullish signals for LINK, leading to increased buying from this group of investors. Looking Ahead: Can Chainlink Sustain the Momentum? Whether Chainlink can sustain this momentum remains to be seen. The cryptocurrency market is notoriously volatile, and short-term price movements can be difficult to predict. However, the factors driving this surge - increased trading volume and potentially positive on-chain metrics - paint a cautiously optimistic picture. For long-term investors, the key will be to monitor future developments within the Chainlink ecosystem. Continued growth in network adoption, active development from the team, and positive news flow can all contribute to the project's long-term success and potentially lead to further price appreciation for LINK. Conclusion Chainlink's recent price increase signifies a positive development for the project in an otherwise stagnant market. Increased trading volume and potentially positive on-chain metrics are encouraging signs. However, sustained growth will depend on the project's ability to continue delivering value and attracting users to its decentralized oracle network.
COINBASE:LINKUSDLong
by bryandowningqln
Chainlink Link price shows strong movement, what next target ? Last year, the Linkusdt price gave patient investors x3 growth . After reaching our final goal of $17.50, the Link price did not plummet sharp, but stuck in the liquidity zone $12.50-17.50. This means that there is still interest in the Chainlink project and the Link coin. So, we can assume that the growth of the Linkusd price will continue in the near future, at least to $21.60-22.30 , in our opinion. But only time will tell what will happen in reality ) _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
21
ChainLink 30% profit projectionChainLink reach support level inside expanding channel up. This support also fibonacci .382 we can follow bullish wave from this level and aim for 30% profit projection at expanding channel up resistance. If this support broken, we can rebuy (martingale) at 15.482 Trading setup : Buy now at around 17.879 Take profit 1 : 20.120 Take profit 2 : 23.264 Martingale : Re-buy at 15.482 Good luck, I will update more if I found new key level. Make sure you support this analysis to get quick notification of any update.
Long
by AzrulAzir
LINK → Chainlink About to Breakout!? Let's Maximize Profits!Chainlink bounced off the top of the Resistance Zone at $20.00 and is threatening to break out. Is this a situation that calls for a long or a short? How do we trade this? 🤔 Never long in a Resistance Zone! But also, don't short prematurely. I believe LINK will make an attempt to break out of the Resistance Zone, but we need confirmation of the break before we can enter a long trade. Wait for a strong close above $20 followed by a test of the Resistance Zone as support. Once we see a strong bull bar closing on or near its high after a bounce on the Resistance Zone, we have the justification to enter a long trade. I do believe that Bitcoin has a high likelihood of pulling back into the $30,000-$35,000 range before we see new all-time highs. Such an event will likely drag the altcoin market down with it. This is partially why this trade is set up to take half profits at 1:1 Risk/Reward and move the stop loss up to the entry price, locking in profits. The remainder of the trade can then be executed without worry of loss. 💡 Trade Idea 💡 Long Entry: $21.60 🟥 Stop Loss: $17.185 ✅ Take Profit #1: $26.00 ✅ Take Profit #2: $34.85 ⚖️ Risk/Reward Ratio: 1:3 🔑 Key Takeaways 🔑 1. Two strong pushes to the upside 2. Strong resistance at Resistance Zone 3. Price action still above EMA ribbons 4. Wait for a break, close, and test of the Resistance Zone as support to enter a long trade 5. RSI at 70.00 and above the moving average, supports pullback then long 💰 Trading Tip 💰 Trends typically have three legs in either direction. Signals of a reversal include strong buy or sell bars with large wicks, higher highs and lower lows get weaker, and responses to the reverse direction get stronger. Confirmation lies with double and triple bottoms with a strong candle closing on or near its low/high. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
Long
by TraderEngineering
6
LINK → Chainlink Potential Triple Top! Short Scalp Opportunity?Chainlink has been attempting to break the $16-$17 range since November 11th and has failed there times. After the crypto sell-off on January 3rd, Chainlink made one more attempt but fell short at $15.75. With that lower high, is it time to short? How do we trade this? 🤔 We have a potential triple top, a doji (one bar trading range) just under the Resistance Zone which is a potential lower high, and a crypto market that's burning hot and likely nearing a strong pullback. To confirm a short entry, we need a strong bear bar closing on or near its low below the Daily 30EMA. Stop loss should be just above the previous high. 💡 Trade Idea 💡 Short Entry: $14.20 🟥 Stop Loss: $17.90 ✅ Take Profit: $10.50 ⚖️ Risk/Reward Ratio: 1:1 🔑 Key Takeaways 🔑 1. Potential Triple Top Reversal. 2. Doji candle just below Resistance Zone. 3. Look for Bear Candle Confirmation Below 30EMA. 4. Use Low Position Size, 1:1 Risk/Reward Scalp. 5. RSI at 51.00 and above the Moving Average. Indecision. 💰 Trading Tip 💰 There is over a 60% chance of a measured move after the breakout of a major resistance, normally, a trading range. That means the distance from the trading range resistance to the top of the breakout will happen again above the top of the breakout. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
Short
by TraderEngineering
4
LINK → Chainlink Dropping from Double Top? Going Down to $10?LINK completed a measured move and attempted to break past the Resistance Zone twice without success. Does that mean we have justification to short? How do we trade this? 🤔 A low probability, low risk, high reward trade (a reversal) was reasonable after the Daily candle closed on December 15th. That was a strong bear bar closing on its low after the double top, now we're stuck under the 30EMA and having a hard time getting back up. You can also reasonably short here at a 1:1 Risk Reward Ratio. Your position size should be smaller since we're further away from the justified stop loss position above the Resistance Zone. Shorting to the Daily 200EMA support is a solid target but remember, this is technically a counter-trend trade, so we need to watch every candle for a sign that we're bouncing back toward the upside. 💡 Trade Ideas 💡 Short Entry: $14.150 🟥 Stop Loss: $17.650 ✅ Take Profit: $10.650 ⚖️ Risk/Reward Ratio: 1:1 🔑 Key Takeaways 🔑 1. Measured Move Complete, Potential Double-Top Reversal. 2. Price fell from Resistance Zone. Reasonable to Short Scalp. 3. Teacup and Handle Pattern did not play out. 4. Far away from Reasonable Protective Stop, Small Position. 5. RSI at 45.00 and below the Moving Average. Bias to Short. 💰 Trading Tip 💰 Your position size should be proportional to your risk and relative to your maximum allowed loss on a single trade. Example: A $100 trading account using the 1% rule should lose no more than $1 on a single trade. That means if your stop loss is further away, your position size needs to be sized so that your loss equals no more than $1. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
Short
by TraderEngineering
6
LINK → Chainlink Teacup and Handle Bull Pattern!? Let's Prepare!Chainlink is knocking on the door of the Resistance Zone and forming what appears to be a teacup and handle bull pattern! Do we long now? What should our signal to enter a trade be? How do we trade this? 🤔 Link completed its measured move up to the resistance zone, pulled back, and made another attempt to breach the $16.30 price but failed. If the teacup and handle pattern is truly playing out, we should be witnessing another weaker pullback to somewhere around the $14.30 price area (30EMA). If the price bounces at the 14.30 area, we may in fact be looking at a breakout of the Resistance Zone. So does that mean we long at the 30EMA? No. Because the probability of profit longing at a resistance zone is low. It's best to wait for the price to break the Resistance Zone, test it for support then long that support as depicted in my analysis. Until then, let's wait on the sidelines and see how this plays out! 💡 Trade Idea 💡 Long Entry: $18.30 🟥 Stop Loss: $16.10 ✅ Take Profit: $24.90 ⚖️ Risk/Reward Ratio: 1:3 🔑 Key Takeaways 🔑 1. Measured Move Complete. 2. Price near Resistance Zone. Wait for More Price Action. 3. Teacup and Handle Pattern Playing out? 4. Long Setup, Wait for Bounce at 30EMA or Break of Resistance. 5. RSI at 60.00 and above the Moving Average. Bias to Long. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
Long
by TraderEngineering
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!
COINBASE:LINKUSD
by bryandowningqln
2
LINK → Moon or Doom? This Analysis Provides Some Clear Answers.Chainlink slammed into the Resistance Zone after a beautifully executed measured move up. We're now in a minor pullback hovering just below resistance. Should we enter a trade here? How do we trade this? This is not the right moment to enter a trade. The price action screams bullish; A measured move up, showing support on the 30EMA, RSI around 50.00 with plenty of room to go up. But we're right at the resistance zone and without a clear signal that we're going to break out, it's too risky to long. Likewise, we don't have a sell signal or any price action indicating that we're going to reverse. Bitcoin as a leading indicator is struggling to break its Weekly Resistance which could impact Chainlink's price action. Until we have a clear signal either way, we should remain on the sidelines. Here are a couple of potential trade ideas if the price breaks in either direction. Trade Ideas Long Entry : $19.12 Stop Loss: $16.92 Take Profit: $23.53 Risk/Reward Ratio: 1:2 Short Entry : $12.90 Stop Loss: $15.10 Take Profit: $8.49 Risk/Reward Ratio: 1:2 Key Takeaways 1. Measured Move Complete. Pullback in Progress. 2. Price near Resistance Zone. Wait for More Price Action. 3. Short Setup, Wait for Bear Signal Bar and Confirmation. 4. Long Setup, Wait for Break of Resistance Zone. 5. RSI near 58.00 and below Moving Average. Bias to Short. You are solely responsible for your trades, trade at your own risk! If you found this analysis helpful, click the Boost button and let us know what you think in the comment section below!
by TraderEngineering
LINK Weekly Analysis - Are we about to Reverse to the Downside?Chainlink had a fantastic breakout of the Weekly 200EMA closing two weekly candles above it. We're about to close a third bullish weekly candle in a row, so should we long at this level? Not so fast! As a trend continues your probability of profit increases in that direction, but that's in exchange for greater risk because your stop loss must be placed under the bull bars. Eventually, that formula is no longer sustainable because more traders stop entering as the risk grows and the trend reverses. In this case, a tight stop placement would be at $7.00, and a riskier but still reasonable stop placement would be at $9.00 just below the 200EMA. The current price is almost at $16.00, longing here would give you at best a 2:1 Risk/Reward Ratio, which is a fine scalp but given the following key points, I would wait. Key Points 1. Strong bounce off of Weekly Support led to a bull breakout! 2. Price is in contact with a Weekly Resistance Zone 3. Bitcoin as a leading indicator, has not confirmed its breakout of Weekly Resistance 4. RSI is overbought. Wait for a pullback to enter Long. I believe we need more price action before we can long, but I would also not short until we see a reversal bar closing on or near its low. You are solely responsible for your trades, trade at your own risk! Let us know what you think in the comment section below!
by TraderEngineering