Chainlink is exhibiting bullish market structure against ETH
Bullish market structure just means higher high's and higher lows --- uptrend
After a strong move
we are seeing a nice backtest of previous resistance
let's flip this into support and continue this trend into 2024
Good show of strength today from #LINK
Otherwise know as Painlink!
But the pain could be over soon
If this falling wedge prevails as the main over arching big time frame Pattern,
that triggers and kicks off #crypto SUMMER
The entire #DEFI market cap could reach 1Trillion
#Chainlink at $100 Billion seems a fair valuation helping to power many smart contracts and protocols
and it could well overshoot
I've highlighted a fib extension at $147 previoulsy
Uber LONG
for u traders out there!
I'm a investor and have been accumulating #LINK everyday
these prices are a blessing upto $9
I will #HODL for healthy triple digits
LINKETH is starting to show a stall in bearish momentum. Bears stopped selling their ETH for LINK--at least for now. If this is true, based on the Fibonacci Retracement/Extension, we could be looking at a possible 2x gain against ETH for LINK!
Some would argue that a valuation of LINK at under 20B USD is criminally undervalued. What do you think?
Update for Links inverse head and shoulders pattern, we have smashed through the 0.5 FIB level and now today we are looking to hold this level for our daily close. A close above the 0.5 could send link flying due to us also breaking out of this wedge resistance! This will be a very close daily close for us by the looks of it, so keep your eyes open and watching....
Hi there,
this is the first time publishing an idea for me on tradingview.
Im heavily invested in chainlink because of what the network and team are capable of.
Partnerships everywhere, vital to defi, staking not yet live which will push the price parabolic because of collateralization.
If you dont understand this dive into $LINK's tokenomics and read between the...
Disclaimer: LINK has gotten destroyed in sats over the last week. This entire prediction relies on btc not dropping like a rock, so make sure to run a stop loss around 48 cents.
This is an update on my most previous post. I am limited to 3 indicators, and did not save the pitchfork from last time, so it is not perfectly set up (though it is roughly aligned).
I...
Lots of good news for Chainlink lately. Binance added four dollar-parity stable coin trading pairs for LINK. Activity seems bustling. I don't see us falling below 13,500 Sats.
Hello everyone. Welcome to this pizza slice analysis of my favourite ERC20 token!
Here's a fresh new perspective on the much debated LINK/BTC chart. I've identified 3 fractals that have been in play over the last month.
Firstly, is the white line which symbolise normal bull flags. And then there is the red pizza and the green pizza. Basically ordinary triangle...
