Satoshi

Future

RebelSatoshi

Chainlink

Coin

<p>Crypto analyst Ali from @ali_charts has <a href="https://x.com/ali_charts/status/1789738253144236277" target="_blank" rel="noopener noreferrer nofollow">identified </a>a potential upswing for Chainlink ($LINK) based on the TD Sequential indicator.</p>
<p>According to his analysis, $LINK shows a buy signal, suggesting an upturn could occur over the next one to four weeks. Meanwhile, at press time, Chainlink’s price stands at $13.62, marking a slight increase of 2% in the last 24 hours, as per CoinMarketCap data.</p>
<h2 class="wp-block-heading" id="strong-link-s-chart-trajectory-strong"><strong>LINK’s Chart Trajectory</strong></h2>
<p>Ali’s detailed examination of the Chainlink chart reveals a predominant downward trend, characterized by a series of red candles indicating bearish days. Key resistance and support levels are marked by a blue rectangle, hinting at possible consolidation zones.&nbsp;</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/OM23vWe56ISop1x7cTUovSxJyodT9CoYGt4k8k5cQ67Mhe52VsHOmw4DNMPkJf7pGRwMl_oWms3g5C-0AATwAyLSkkNb7TwOl748H5xqdsaqAzgGXaP5lAyvsC8OLVDommX63Iz-ydLkXL3C04ee5Yg" alt="">
</figure>
<p>Despite the negative trend, there are signs of potential market recovery if $LINK stabilizes within this zone and starts producing more consistent green candles. However, a break below this rectangle could signal further declines.</p>
<h2 class="wp-block-heading" id="strong-contrasting-views-on-chainlink-s-future-strong"><strong>Contrasting Views on Chainlink’s Future</strong></h2>
<p>Contrasting Ali’s optimistic analysis, another crypto commentator, @lewi5, <a href="https://x.com/lewi5/status/1789587003702415587" target="_blank" rel="noopener noreferrer nofollow">expresses</a> a more cautious stance. He expressed skepticism about Chainlink’s future performance in a tweet. He pointedly criticized Sergey, the founder of Chainlink, for his ongoing sale of $LINK tokens, suggesting this could lead to underperformance.&nbsp;</p>
<p>Additionally,@lewi5 drew a historical comparison to Bitcoin’s situation in 2014 when about 55% of its supply was in circulation, and its price stood at $820. He highlighted Bitcoin’s subsequent rally, achieving a 90-fold increase in value. This comparison serves both as a reminder of potential long-term gains despite current challenges and a critique of the immediate impacts of insider selling on $LINK’s price stability.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p><strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">Milei Moneda</a></strong> is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president&nbsp;known for his libertarian and pro-Bitcoin stance. You have an opportunity with the <strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">ongoing low presale price</a></strong> to get in early!</p>
    <p><em>Sponsored</em></p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<h2 class="wp-block-heading" id="strong-market-sentiments-and-future-projections-strong"><strong>Market Sentiments and Future Projections</strong></h2>
<p>While Ali points to technical indicators that may predict a temporary upswing, the broader sentiment remains wary due to internal factors like significant token sales by insiders. The analysts advice to monitor these developments closely, as they could influence Chainlink’s price trajectory in the coming weeks. Hence, LINK’s market presents a complex picture with potential for both recovery and further dip.</p>
<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/whales-cash-in-on-tellor-trb-surge-amid-bullish-market-trends/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Whales Cash In on Tellor (TRB) Price Surge Amid Bullish Market Trends</em></strong></a></p>
<p><em><strong>Hunting for a small cap coin that could explode 10x? We’ve unveiled a few last week alone.<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram community.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/REBEL-SATOSHI-RECQ-MEME-COIN-qndahijqjwle5mml7gg8my30uqig0eo11vxmtat25a.png" width="500" alt="Check $RECQ Meme Coin" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-recq-meme-coin-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check $RECQ Meme Coin</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy RECQ Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Serves as the base currency for all transactions within the Rebel Satoshi platform <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>ICO stage, offering tokens at a discounted price <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/this-chainlink-indicator-flashes-buy-signal-for-link-but-theres-a-catch/" rel="noopener noreferrer nofollow">This Chainlink Indicator Flashes “Buy” Signal for LINK, But There’s a Catch</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

This Chainlink Indicator Flashes “Buy” Signal for LINK, But There’s a Catch

Table of Contents

CaptainAltcoin

Other articles published on May 13, 2024

Divergence In Quant Price And OI Data: A Reversal On The Horizon?

It Can Now Be Seen When El Salvador Buys and Sells Bitcoin: New Platform and Country's BTC Number...

Shiba Inu (SHIB) Reaches Important Level, Solana (SOL) Reaches Crucial Support, Bitcoin (BTC) Dow...

Compared to the market for cryptocurrencies, the daily growth rate of AI tokens was three times h...

Bitcoin Trader Loses $70 Million Sending To The Wrong Address; Shiba Inu and Rollblock (RBLK) Pri...

EigenLayer Launches Airdrop Token Claims, but it's Nontransferable

Join our free newsletter for daily crypto updates!