Should I Buy Chainlink Now? | Chainlink LINK Price Prediction and Technical Analysis 2021

9 Jun 2021 · 13 min
12:32

In this YouTube video, the host from The Art Of Crypto provides a detailed technical analysis of Chainlink (LINK) to help viewers decide whether to buy the token under current market conditions. He begins by examining the daily chart, noting that LINK has fallen below its 200‑day exponential moving average (≈ 27.3), which he treats as a key bullish/ bearish threshold. He then analyzes Market Cipher, explaining the concepts of anchor and trigger waves and how a shorter trigger wave could signal a momentum shift to the upside. The host outlines two possible scenarios: a deep pull‑back to around $15‑$16 followed by a bullish divergence, or a double‑bottom formation that could also trigger a rally. Switching to the 1‑hour chart, he identifies an inverse head‑and‑shoulders pattern with a breakout target at $24.3 and a resistance at the 200‑day EMA ($27). He recommends entry at the breakout, with stop‑loss placement just below the pattern’s neckline or around $22.4. Using the Volume Profile Visible Range (VPVR) indicator, he highlights strong volume clusters at $12.5, $13.8, $11, and $10.8‑$11 as deep‑buy zones should LINK dip below $15. For more moderate buying, he suggests dollar‑cost averaging around $19.6‑$22, citing confluence of support and volume. Throughout, he promotes his private Discord community, offering “sniper” entry calls, education, and a discount for crypto payments. The video ends with a call to follow his Twitter and a motivational sign‑off.

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