Should I buy Chainlink NOW? | LINK Price Prediction and Analysis 2021 | How Low Will Chainlink Go?
In this solo market‑analysis video, the host of The Art Of Crypto walks viewers through a multi‑timeframe technical breakdown of Chainlink (LINK). He starts on the daily chart, noting that LINK has slipped below its 200‑period exponential moving average (EMA) and is undergoing a bearish retest, which he frames as a short‑term risk but not a panic trigger. Using the Market Cipher indicator, he argues that a bottom may be forming and that a trigger wave could soon push price upward. He then drills down to the 4‑hour and 1‑hour charts, highlighting volume‑profile (VPVR) clusters around $12‑$15, potential bullish divergence, and the possibility of an inverse head‑and‑shoulders pattern that could target $36. The presenter outlines three concrete entry strategies: (1) buying on a support‑resistance flip around $22.6, (2) buying the breakout of an inverse head‑and‑shoulders formation, and (3) placing limit orders at several key levels ($23, $20.2, $15.4, $13, $10.6‑$10.8). He also mentions a short‑side play if LINK or Bitcoin fail to break the 200‑EMA. Throughout, he stresses risk management, the importance of buying the dip, and the correlation of LINK with Bitcoin’s price action. The video concludes with a strong promotional push for his paid Discord community, promising real‑time trade alerts and “legendary gains.”
Chapters
Welcome to The Art Of Crypto, the birthplace of absolutely legendary gains. In this video, let us do an update on Chainlink. I know there have been a lot of you who bought Chainlink when I posted a Chainlink video about a week ago, and just to clarify, I am still incredibly bullish on Chainlink, but there are a few things about Chainlink in the upcoming couple of days to a week that I feel like you should know. So let's do this. So Right off the bat, let us hop onto the daily chart, and we can see that Chainlink at the moment is below this purple line right here. So this purple line is actually a 200-period exponential moving average. If you have been a longtime follower of this channel, I always like to say that the 200-period EMA is always a very strong dynamic support or resistance for any trend. And as you can see, at the moment, Chainlink has managed to break below the 200-day exponential moving average. And if you look here, Chainlink actually came up to do a bearish retest, right? This is what you call a bearish retest. If we break above resistance and then we come back down to retest it and go back up, that is a bullish retest, right? This part right here. Right now it seems to me that we are getting a bearish retest, which is right off the bat not looking very good for Chainlink, but I still wouldn't panic. Well, let's move on. So at the moment, this 200-day EMA, as you can see, is acting as Pretty good resistance for Chainlink, but I still wouldn't panic because if we just bring up Market Cipher, you can see that we are— we have already formed a bottom. So the most we can do is we might just come up like this and then come down to form a trigger wave, and then we are off to the races, which means the price might reflect this as well. If the price decides to drop from here, I might actually expect something like this to happen before ultimately moving up. But all of this is just a possibility. For now, what I can say is that the $27 level for Chainlink is seemingly acting as pretty strong resistance at the moment. But there is no saying that we are going to keep getting rejected all the time. Let's just zoom in to a lower timeframe to get a better picture of how Chainlink is doing. And by the way, I just wanted to let you know that we have been absolutely killing it in our Discord server. CAKE is up 105% from the exact limit that I gave. YFI, 105% as well. Rune, 80%. Guys, we are absolutely killing it in this group. If you guys want real-time guidance on how to trade the markets and exactly where you should be placing your buy orders for maximum success, I want you to join this group. The link is in the description below. Spots are limited as usual, and you will legitimately make back your money in 1 or 2 trades. Link is in the description below. Sign up now before spots fill up. But anyways, back to the topic. If we just go on to the 4-hourly chart on Chainlink, you can see that my theory is actually playing out right now. I said that we might come down for a small little dip before ultimately moving higher. So in the 4-hourly timeframe, we can get a clearer picture of what is potentially going to happen. And so with that out of the way, let's get back to the topic. Right now, you can see that in the 4-hourly chart, which gives us a much clearer picture of what is happening, we can see that my idea, my theory for the daily chart, And market cipher is playing out much more minutely. If we just take a look at market cipher right now, we can see that the money flow is potentially flowing into the green. But here is what I want to bring your attention to. For now, I actually expect Chainlink to do something like this, right? I expect Chainlink to sort of form a top here and then come down before ultimately going up again. Now, this could be just a a mini little dip and then we move upwards. So momentum will sort of look like this, or potentially we could be seeing a deeper wave before moving upwards, right? This all depends on Bitcoin and Bitcoin dominance in the upcoming couple of days, but these are definitely 2 possibilities that you should keep in mind. I just need to say that as long as Chainlink does not break below the $15 level, no matter how deep this wave goes, I believe That it will still be a trigger wave. And if you don't know what a trigger wave is, it is basically any wave that is shorter than this anchor right here. Now, if you see this wave, it is really thick, right? It's really deep. So any wave that is shorter than this anchor wave will essentially be a trigger wave towards the upside, which means momentum is shifting to the upside. At the moment, we don't have a clear picture yet, right? I cannot confidently say that this is the bottom yet because usually Anchor waves are a bottom and not the bottom, but I'm very certain I can say that I know when the bottom will be in as long as I see this trigger wave right here, which means we need to give it a couple more days for everything to play out before I can confidently say that Chainlink has reached this bottom and the only way to go is up. So again, I need to tell you that no matter how shallow or how deep the next trigger wave is, there is no guarantee that the price Will break below. Okay, in fact, if the price breaks below the $15 level, I would be even more confident to call that the bottom, right? Because if the price breaks down, let's say to the $12-$13 level, then we will get this thing where the price is going down but the momentum is going up. This is known as bullish divergence, and it means that the selling pressure is dying off yet the price is going even lower, which means I will confidently, very confidently say that this is the bottom. Now, the reason why I picked the $12 level as the bottom is we have to first come back to the daily chart. And if I bring up the VPVR indicator, you can see that there is a lot of volume at around this level, from $14.50 to about the $12.60 level, or maybe until the $11.50 level if you want to look at it that way. But there is a lot of volume, right? Look at the volume here. What that essentially means is that price is very likely going to find support at these levels right here, which means I do not expect the price of Chainlink to go below $11.50, maybe $10 at most if we wick down there. But I do not expect the price to go below that because there is just, you know, there's a lot of volume there. I will actually be confident enough to call $12.80 as a bottom and $10 as the absolute bottom if Chainlink were to get there. Right, and I'm not saying this is likely, right? I'm just giving you possibilities here. I always like to say that trading is a game of possibilities. The way to win is by simply taking higher probability trades than the lower possibility trades. Just to put this into perspective for you, that is about a 50% dump on Chainlink, right? I do not expect this to happen, but in the off chance that we get some black swan event that brings the price of Chainlink all all the way down to $12, $10, that would be the bottom, I believe. But for now, these levels that I've drawn on my chart right here at $23, $20, and $17 are pretty good areas of value. In fact, I might even just add $15 to that list since we recently found support at the $15 level. So for now, the way I would trade Chainlink is 100%— I would look like I would not enter Chainlink right now. The time to enter was During the dip, when everyone was panicking out of their minds, that is when you should be entering, right? Like come on, guys, we are better than this, right? The people who watch this channel, we are grand strategists. We are greedy when others are fearful, and we are very fearful when others are greedy. This was very, very fearful times. This is when you should have entered into Chainlink. And if you're in the private group, and I'm saying it again, hey. Ton of money in the private group. We are giving you exact limit entries and take profit targets. You will make your money back in a couple of trades. So the link is in the description below, upgrade.chat/TheArtOfCrypto. I want you to sign up before spots fill up. I'm only going to open the group up for another 100 members or 200 members or so. So sign up while you still have the chance. But anyways, the time to buy was during the dips. When everyone was scared out of their minds. Not right now. If you want to look for an entry into Chainlink, I would personally look for the $23 level actually, because first off, I'm fully expecting Chainlink to dip a little bit from here. Now I could be wrong, but this is just, you know, traditional Cypherlytics, if you want to call it that way. I expect a small little dip before ultimately continuing to the upside, because as you know, nothing moves straight up. And if we go into the 1-hourly chart, we can get an even clearer picture. So if I just come here and I could actually draw like a little head and shoulders on Chainlink. So if the price really does come back down to the $23 level, I believe it would be quite a good entry. Now it's not the safest entry, but it would be a good entry because then we would form an inverse head and shoulders on Chainlink and the breakout target of this inverse head and shoulders would be right about $36. Now I'm not saying this is going to happen, right, because right now there's still a lot of uncertainty in the markets. But I 100% do not believe that the bull run is over. If you simply watch the video that I posted yesterday, I do not think the bull run is over, and I give you exact reasons why. So I'm not going to get into it in this video, but for now, $23 would be a decent entry It won't be the best, right? Not 23 actually, at about 22.6 would be a decent entry. It's not going to be the best, but it would be decent. Entry number 2 is you could actually short Chainlink if it reaches the 200-period moving average on the 1-hourly time frame. You could actually short this because I do not expect Chainlink to just break through here right off the bat. And the reasoning for that is quite simple actually. As you can see, Bitcoin is getting rejected off of the 200-day off of the 200-period exponential moving average, and I expect Chainlink to do the same thing because everything moves with Bitcoin. In fact, now that I am looking at Bitcoin, this could potentially be a trade for you to take at the moment. If Bitcoin breaks above this support and resistance line right here, you could actually buy the breakout of this support and resistance and buy the retest, right? This would be a very safe entry because you can just place your stop loss right below, and the upside potential is Very decent. I would actually take profits at 42k, right? I know you guys came here for Chainlink, but you know, since I'm looking at Bitcoin, this could be a very possible. So you can buy the breakout, but otherwise I would short it when Bitcoin reaches the 200-period EMA on the one hourly. And the same thing goes for Chainlink, because if Bitcoin dumps, Chainlink is probably going to dump as well. In fact, I could give you a similar entry on Chainlink. So this is entry number two, right? Entry number one is you buy the potential inverse head and shoulders. Formation at the 22.6 level. Alternatively, you can draw this support and resistance. You would buy the flip of this resistance. Now we call it a support and resistance flip, and it is pretty self-explanatory. If you break above the resistance and you come back down to test it as support, then that would mean that you have flipped the resistance into support. So this would be a very safe entry because you can just place your stop loss Right below the major moving averages, and the upside potential is huge. As for profit-taking targets, I would expect $32 and $35 to be the next legs up. And if we just go onto the 4-hourly chart, that should reflect profit targets. So that is entry number 2. And now I will give you entry number 3. If you take a look at my chart on all of these levels, right, $22.5, $20, I would remove this $17 level 'cause it's not quite valid anymore. So all of these levels right here would be limit entries for me. So that would be 22.5, 20.2, 15.4. Now notice how I'm front-running the targets by a little bit, because you want to secure yourself an entry rather than, you know, putting a beautiful, beautiful number such as 15 and then you might not hit, you know. So I'm okay with going in a little bit earlier just so I can secure myself an entry. So $15.4, at about $13, at about $10.6, $10.8-ish. So mark down these levels on your own chart, and these would be ideal entries for Chainlink. Like, come on, just a week ago, it would've been funny. Like, it would've been absolutely ridiculous if you were able to pick up Chainlink at like, what, $15, $12? If you truly believe in crypto as an asset class, you need to be buying the dips. And you do not panic sell. And if you were in the private group, you wouldn't have panic sold at all. And by the way, if you haven't already followed me on Twitter at underscore the art of crypto, that is where I am sharing real-time market updates. You do not want to miss out. So anyways, just a final little recap: you want to buy the SR flip, you want to buy the potential inverse head and shoulders formation, and you want to get limit orders set at these levels. Because if you can pick up Chainlink at these levels. I'm telling you, you will look back in a month or two's time and you will thank yourself for it. But I'm not saying that these limits are gonna get filled. They are quite conservative, in fact. And remember, join the Discord group. It is going to be the best investment that you make in crypto. You will make so much money, it won't even be funny. Spots are limited, so I will see you in the birthplace of legendary gains. And with that said, may the gains be with you.
