Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Bitcoin’s transaction costs rises to a YTD height of $ 2.4

2025-05-19

Crypto analyst says that Bitcoin correction comes before the outbreak to the new all-time here is his prediction

2025-05-19

Top analyst reveals 5 altcoins with a big advantage

2025-05-19
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Interlink and Blazpay Partner to improve the user experience in Web3 with AI

    2025-05-19

    Filmmaker David Goyer bets on blockchain for the next sci-fi franchise

    2025-05-19

    Jesse Pollak explains how Pectra Upgrade will overload the basic network

    2025-05-18

    Ice Open Network welcomes Soonchain AI in its online+ ecosystem to stimulate Web3 AI-Game Development

    2025-05-18

    Chainware and Karatdao work together to redefine security and identity in chains

    2025-05-18
  • NFT

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16

    Founder wallet emptied while he leaves

    2025-05-15

    British Museum puts sculptures from Dürer’s ‘Rhinoceros’ on Bitcoin Blockchain

    2025-05-14
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Crypto analyst says that Bitcoin correction comes before the outbreak to the new all-time here is his prediction

    2025-05-19

    XRP – Price is struggling to keep the ground – breakdown or breathing break?

    2025-05-19

    The American stock market now looks more favorable than pre-trade war, according to Tom Lee from Fundstrat-Dit why is why

    2025-05-18

    Michael Burry van Big Short abruptly sells one ‘recession-proof’ assets

    2025-05-17

    $ 40 billion in XRP on the road – where are they going?

    2025-05-17
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Analysis»Chainlink (LINK) Signal Returns Driving a 14,000% Increase
Analysis

Chainlink (LINK) Signal Returns Driving a 14,000% Increase

2023-07-06No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Chainlink (LINK) was among a subset of cryptocurrencies that recently hit lower lows on daily time frames. A lower low is an indication of a continued downtrend and weakness at support.

At higher time frames, however, engineering technicians tell a completely different story — a story of potential strength building. In fact, a signal has emerged that led to a 14,000% rally in LINKUSD last time.

Bullish Confluence With High Time Frame Points To Surprising Recovery Of Chainlink

Chainlink (LINKUSD) remains more than 80% lower than its former all-time highs. Even worse, after a full year of bear market lows, the range temporarily disintegrated and formed a lower low on the daily charts.

In technical analysis, higher time frames create more dominant signals. And while there was a lower daily low, the monthly time frame failed to reach a lower low on a closing basis.

In addition to a possible range drift and retrace, the monthly candlestick formed a dragonfly doji. a dragonfly doji In Japanese candlestick analysis, represents a possible bullish reversal pattern.

Within even shorter time frames, Chainlink was among a slew of altcoins, they formed another bullish Japanese candlestick reversal pattern on weekly time frames called the morning star pattern.

Chain link

Will a similar trend follow? | LINKUSD on TradingView.com

A CONNECTION WITH THE PAST: Oversold Stochastic No More

If reclaiming a bullish range on low timeframes, and a few higher timeframe Japanese candlestick reversals aren’t confluence enough for you, there’s more.

The one-month stochastic has moved out of oversold territory for the first time since late 2021. The indicator was oversold throughout 2022 and midway through 2023.

Before that, the last time Chainlink exited oversold conditions was in early 2019, before going on a run of over 14,000%. The signal is back and in line with the possible reversal patterns from above.

See also  Chainlink is at the forefront of Blockchain implementation

Meanwhile, Bitcoin and other cryptocurrencies have seen much more recovery by comparison. The broader trend reversing more clearly could remove any doubt about LINK, allowing the altcoin to return to its former glory days.

This chart originally appeared in Number #10 of CoinChartist (VIP). Sign up for a free plan.

Source link

Chainlink driving Increase LINK returns Signal
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Crypto analyst says that Bitcoin correction comes before the outbreak to the new all-time here is his prediction

2025-05-19

XRP – Price is struggling to keep the ground – breakdown or breathing break?

2025-05-19

The American stock market now looks more favorable than pre-trade war, according to Tom Lee from Fundstrat-Dit why is why

2025-05-18

Chain link in the fog – a reversal of $ 15.85 can free the path

2025-05-18
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Assess whether the DEV activity of Chainlink is sufficient to fuel the price rally of the link

2025-03-08

Mark Zuckerberg’s take on remote work: Meta’s headsets and the future of work

2023-10-01

This Analyst Correctly Predicted the Bitcoin Price Crash to $99,000, Here’s What Should Happen Next

2025-01-20
Editors Picks

Oh oh! SBF wants to testify…

2023-10-26

JPMorgan Chase to pay $18,000,000 fine for forcing customers to keep quiet about bank’s bad behavior

2024-01-21

Top trader says a compelling bullish case for Bitcoin (BTC) is now in play – here’s what he means

2023-10-18

Hela Labs, Celdata to redefine the life sciences through decentralization

2025-05-02
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Bitcoin’s transaction costs rises to a YTD height of $ 2.4

Crypto analyst says that Bitcoin correction comes before the outbreak to the new all-time here is his prediction

Top analyst reveals 5 altcoins with a big advantage

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$102,918.07-0.93%
  • ethereumEthereum(ETH)$2,410.97-3.89%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.32-3.18%
  • binancecoinBNB(BNB)$639.85-0.91%
  • solanaSolana(SOL)$161.67-5.73%
  • usd-coinUSDC(USDC)$1.000.02%
  • dogecoinDogecoin(DOGE)$0.217628-2.45%
  • cardanoCardano(ADA)$0.73-4.32%
  • tronTRON(TRX)$0.262945-3.51%
  • suiSui(SUI)$3.67-4.74%
  • chainlinkChainlink(LINK)$15.22-3.09%
  • avalanche-2Avalanche(AVAX)$21.64-6.13%
  • stellarStellar(XLM)$0.280766-3.44%
  • hyperliquidHyperliquid(HYPE)$25.33-5.63%
  • shiba-inuShiba Inu(SHIB)$0.000014-4.60%
  • unus-sed-leoUNUS SED LEO(LEO)$8.62-0.90%
  • hedera-hashgraphHedera(HBAR)$0.187253-3.80%
  • bitcoin-cashBitcoin Cash(BCH)$384.29-3.98%
  • the-open-networkToncoin(TON)$2.98-3.89%
  • litecoinLitecoin(LTC)$95.71-2.74%
  • polkadotPolkadot(DOT)$4.51-5.24%
  • moneroMonero(XMR)$344.871.50%
  • bitget-tokenBitget Token(BGB)$5.16-1.45%
  • daiDai(DAI)$1.000.00%
  • pepePepe(PEPE)$0.000013-5.40%
  • piPi(PI)$0.71-4.04%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • uniswapUniswap(UNI)$5.74-3.39%
  • bittensorBittensor(TAO)$391.94-7.12%
  • aaveAave(AAVE)$219.81-2.70%
  • nearNEAR Protocol(NEAR)$2.68-3.54%
  • aptosAptos(APT)$4.99-3.86%
  • okbOKB(OKB)$51.89-2.38%
  • ondo-financeOndo(ONDO)$0.89-4.89%
  • kaspaKaspa(KAS)$0.104720-6.31%
  • ethereum-classicEthereum Classic(ETC)$17.78-3.42%
  • internet-computerInternet Computer(ICP)$5.05-4.03%
  • gatechain-tokenGateToken(GT)$21.36-0.98%
  • crypto-com-chainCronos(CRO)$0.094410-5.33%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.49-3.83%
  • mantleMantle(MNT)$0.73-0.98%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.230955-3.28%
  • vechainVeChain(VET)$0.027236-4.32%
  • render-tokenRender(RENDER)$4.40-5.50%
  • usd1World Liberty Financial USD(USD1)$1.000.00%
  • ethenaEthena(ENA)$0.351016-7.21%
  • filecoinFilecoin(FIL)$2.77-3.49%
  • algorandAlgorand(ALGO)$0.214828-3.53%
  • cosmosCosmos(ATOM)$4.65-3.51%
  • bitcoinBitcoin(BTC)$102,918.07-0.93%
  • ethereumEthereum(ETH)$2,410.97-3.89%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.32-3.18%
  • binancecoinBNB(BNB)$639.85-0.91%
  • solanaSolana(SOL)$161.67-5.73%
  • usd-coinUSDC(USDC)$1.000.02%
  • dogecoinDogecoin(DOGE)$0.217628-2.45%
  • cardanoCardano(ADA)$0.73-4.32%
  • tronTRON(TRX)$0.262945-3.51%
  • suiSui(SUI)$3.67-4.74%
  • chainlinkChainlink(LINK)$15.22-3.09%
  • avalanche-2Avalanche(AVAX)$21.64-6.13%
  • stellarStellar(XLM)$0.280766-3.44%
  • hyperliquidHyperliquid(HYPE)$25.33-5.63%
  • shiba-inuShiba Inu(SHIB)$0.000014-4.60%
  • unus-sed-leoUNUS SED LEO(LEO)$8.62-0.90%
  • hedera-hashgraphHedera(HBAR)$0.187253-3.80%
  • bitcoin-cashBitcoin Cash(BCH)$384.29-3.98%
  • the-open-networkToncoin(TON)$2.98-3.89%
  • litecoinLitecoin(LTC)$95.71-2.74%
  • polkadotPolkadot(DOT)$4.51-5.24%
  • moneroMonero(XMR)$344.871.50%
  • bitget-tokenBitget Token(BGB)$5.16-1.45%
  • daiDai(DAI)$1.000.00%
  • pepePepe(PEPE)$0.000013-5.40%
  • piPi(PI)$0.71-4.04%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • uniswapUniswap(UNI)$5.74-3.39%
  • bittensorBittensor(TAO)$391.94-7.12%
  • aaveAave(AAVE)$219.81-2.70%
  • nearNEAR Protocol(NEAR)$2.68-3.54%
  • aptosAptos(APT)$4.99-3.86%
  • okbOKB(OKB)$51.89-2.38%
  • ondo-financeOndo(ONDO)$0.89-4.89%
  • kaspaKaspa(KAS)$0.104720-6.31%
  • ethereum-classicEthereum Classic(ETC)$17.78-3.42%
  • internet-computerInternet Computer(ICP)$5.05-4.03%
  • gatechain-tokenGateToken(GT)$21.36-0.98%
  • crypto-com-chainCronos(CRO)$0.094410-5.33%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.49-3.83%
  • mantleMantle(MNT)$0.73-0.98%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.230955-3.28%
  • vechainVeChain(VET)$0.027236-4.32%
  • render-tokenRender(RENDER)$4.40-5.50%
  • usd1World Liberty Financial USD(USD1)$1.000.00%
  • ethenaEthena(ENA)$0.351016-7.21%
  • filecoinFilecoin(FIL)$2.77-3.49%
  • algorandAlgorand(ALGO)$0.214828-3.53%
  • cosmosCosmos(ATOM)$4.65-3.51%