LINK/USDT Spot | S6W1 | Team Trading Contest Post for Crypto-Empires

I am glad to join Crypto-Empires Team and I will try my level to best to add value to the team and we will win the Contest.

1.) Name and introduction of the project token.

ChainLink is a decentralized Oracle network that provides Smart Contracts & temper proved a highly reliable connection with the world's highest quality data feed. The use case of ChainLink in real life is vital with the Chain LInk Smart contracts one can access the data of Financial Markets, Weather, Sports Results, IoT sensors reading & Cryptocurrency prices and this all can be done once the connection is established. ChainLink has a real-life application that helps developers to build robust and secure Decentralized Applications.

They already have so many partners working with them-

If we talk about the History of ChainLink then it is founded in the year 2017 by 2 co-founders Steve Ellis and Sergey Nazarov. The growth of ChainLink is really impressive, I still remember in 2019 I bought Chainlink at 1.7 usdt, and in the bull run, it pumped above 50 usd. This is one of the super solid projects in the Crypto Space which has real-life application and can be in the top 10 easily.

2.) Why are you optimistic about this Token today, and how long do you think it can rise?

I am very positive about this token and currently is the time when we should only invest our money in Good Fundamental projects and in my assignment work I have only selected super-strong projects to ut money in. ChainLink as a name is very interesting and the developer's team, community everyone are super active on Twitter, Github and continuously working on the development of the project having a great vision in the market. If BTC remains calm and starts moving up slowly towards the next bull cycle then we can easily expect Link to Hit a minimum 30 usdt and in the long term holding it can easily go 100 USD that's my prediction about this project.

The growth of any project depends upon their team and vision in the market what solution they are providing. ChainLink is listed on all the major exchanges already like FTX, Binance, Kucoin, bybit etc, and along with the time when the use case will increase people will tend to buy Link tokens which will lead to an increase of its price.

3.) Technical Analysis

I would like to do the Multi timeframe analysis.
DOT/USDT, 1W On the weekly timeframe Link is trading on a very crucial demand zone also making a Hammer candle which is a bullish trend reversal pattern.

DOT/USDT, 1D

DOT/USDT, 1 hr-
We can see on the hourly timeframe it made Inverse Head & Shoulder which is a very bullish pattern. It gave the breakout and no testing the Neckline which is a great buying opportunity.

Entry Price: $14.55
Stoploss: $7.90 (Daily close below)
Target: $28.80

4.) Your plan to hold it for a long time or when to sell?

ChainLink is already in my long-term bag on other exchanges but for this trading competition I will hold it for at least 1:2 Risk reward and if BTC shows good momentum then getting the target is easy. In the short term, Link can hit 28 USD in the upcoming months, and in the long term holding 100 USD is the ultimate target.

Currently, on the coin market cap, it is listed on rank 22 and there was a time when it was in the top 10 coins as well. It is listed on all the major exchanges like Binance, By bit, Kucoin, etc.

5.) Do you recommend everyone to buy and the reasons for recommending/not recommending

Yes, You can buy if you want I have shared the Short term and long-term both targets. If you wanna buy for the long term then LInk can be a very good option for you and can hit 100 USD in the upcoming hears 1-3 years timeframe. It is a solid project having good fundamentals and community support which will eventually take it to the moon.

6.) Anything else you want to share about the token/project.

ChainLink is one of the Strongest projects in the Crypto Space with good development community support. For sure this project has a wide range of uses in our real-life also it has a great future. If you will check their Twitter then there are 0.77 Million followers are there and used to posts updates frequently. Holding Link for the long term can be fruitful if you have enough patience that's all you need in Crypto. You can also add this coin in your SIP where you are accumulating this coin in every dip.

Learn more about the project-

Website- https://chain.link/
Twitter- https://twitter.com/chainlink
WhitePaper- https://chain.link/whitepaper

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cc- @reddileep @abdu.navi03