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Chainlink (LINK) 4-Year Trendline Breakout Setup: Trader Recommends Pullback Bids and Plans Revisit at ATHs | Flash News Detail | Blockchain.News
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8/17/2025 6:31:38 AM

Chainlink (LINK) 4-Year Trendline Breakout Setup: Trader Recommends Pullback Bids and Plans Revisit at ATHs

Chainlink (LINK) 4-Year Trendline Breakout Setup: Trader Recommends Pullback Bids and Plans Revisit at ATHs

According to @AltcoinGordon, Chainlink (LINK) is keying off a four-year trendline, and he asserts that a break above it leads to Valhalla, referencing his shared chart and commentary. Source: @AltcoinGordon on X, Aug 17, 2025. He adds that LINK is still being slept on and recommends placing a solid bid on a pullback toward support. Source: @AltcoinGordon on X, Aug 17, 2025. He also states he will revisit the idea at all-time highs (ATHs), indicating a plan to reassess after a potential breakout-driven move. Source: @AltcoinGordon on X, Aug 17, 2025.

Source

Analysis

Chainlink ($LINK) enthusiasts are buzzing with anticipation as prominent crypto analyst Gordon highlights a potential game-changing breakout. According to Gordon's recent analysis on August 17, 2025, when $LINK breaks its four-year trendline, it could usher in a period of significant gains, metaphorically described as reaching Valhalla. This insight points to $LINK being undervalued or 'slept on' in the current market, presenting a solid buying opportunity on any pullbacks. Gordon plans to revisit this prediction once $LINK hits new all-time highs (ATHs), underscoring confidence in its long-term potential.

Analyzing the Four-Year Trendline and Breakout Potential for $LINK

In the world of cryptocurrency trading, technical analysis often reveals hidden opportunities, and Chainlink's chart is no exception. The four-year trendline mentioned by Gordon represents a critical resistance level that has capped $LINK's price action for an extended period. Breaking this trendline could signal a shift from bearish to bullish momentum, potentially triggering a surge in buying pressure. Traders should watch for increased trading volume as a confirmation signal, as volume spikes often accompany valid breakouts. Without real-time data, we can draw from historical patterns where similar trendline breaks in altcoins like $LINK have led to rallies exceeding 100% in value. For instance, past breakouts in 2021 saw $LINK climb from around $20 to over $50 in a matter of months, driven by oracle network adoption and DeFi growth. This setup suggests that patient investors positioning on pullbacks could capitalize on upward momentum, especially if broader market sentiment turns positive with Bitcoin ($BTC) leading the charge.

Trading Strategies: Identifying Support Levels and Entry Points

For traders eyeing $LINK, identifying key support and resistance levels is essential. Assuming a pullback scenario as noted by Gordon, support might hold around the $10-$12 range based on historical data from 2023-2024, where $LINK found strong bids during market dips. A breakout above the trendline, potentially around $15-$18, could open the door to targets near previous ATHs of $52.88 achieved in May 2021. Risk management is crucial here; setting stop-loss orders below recent lows can protect against false breakouts. Additionally, on-chain metrics such as active addresses and transaction volumes on the Chainlink network provide valuable insights. Recent data shows a steady increase in oracle integrations, which could bolster $LINK's utility and price. Traders might consider dollar-cost averaging on dips, aiming for long-term holds until ATH revisits, as Gordon suggests. This approach aligns with institutional interest in decentralized oracles, potentially driving inflows from funds tracking AI and DeFi sectors.

Market sentiment plays a pivotal role in $LINK's trajectory, especially amid correlations with Ethereum ($ETH) and the broader altcoin market. If $BTC maintains stability above $60,000, altcoins like $LINK often benefit from capital rotation. Gordon's call emphasizes the undervalued nature of $LINK, which continues to expand its ecosystem through partnerships in real-world asset tokenization and cross-chain interoperability. For stock market correlations, events like tech stock rallies (e.g., in AI firms) could indirectly boost $LINK due to its role in data feeds for smart contracts. Broader implications include potential institutional flows from traditional finance adopting blockchain oracles, enhancing $LINK's liquidity and volatility for traders. In summary, this trendline break could mark a turning point, offering high-reward opportunities for those monitoring pullbacks closely. Always conduct thorough due diligence and consider market risks before entering positions.

Broader Market Implications and Institutional Flows for Chainlink

Looking beyond the technicals, Chainlink's fundamentals support Gordon's optimistic view. As a leading oracle network, $LINK powers secure data delivery to blockchains, essential for DeFi, NFTs, and emerging AI applications. Institutional adoption, such as integrations with major banks for tokenized assets, could accelerate if the trendline breaks, leading to increased staking rewards and network activity. Trading volumes might surge, with pairs like LINK/USDT and LINK/BTC showing heightened activity on exchanges. From a crypto trading perspective, this ties into AI token sentiment, where projects leveraging oracles for machine learning data could lift $LINK. Cross-market opportunities arise when stock indices like the Nasdaq rise on AI hype, correlating with crypto gains. Risks include regulatory hurdles or macroeconomic downturns affecting risk assets. Overall, Gordon's analysis invites traders to position strategically, potentially reaping rewards as $LINK approaches ATHs in a bullish cycle.

Gordon

@AltcoinGordon

From $0 to Crypto multi millionaire in 3 years