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LINK Perpetual Futures Contract

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LINKUSD.P trade ideas

LINK: $9 is still a targetPrevious week was marked with a negative market sentiment influenced by the macro fundamentals, still LINK is one of the rare coins on the market that performed within a green territory. The price of the coin started the previous week by reaching its highest level at $8.3 and reverted a bit during the week, down to $7 support line. Still, the coin managed to finish the week by testing the $8 resistance line. RSI started the week around level 60 and regardless of short move to the down side, it finishes the week at the same level. This clearly shows that the market is still set to the overbought side move. Moving averages of 50 and 200 days continue to slowly converge toward each other, but there is still space between them, so the golden cross is still on hold. Moves from the previous week are clearly showing that the market continues to have positive sentiment for LINK. In this sense, testing of the $9 long term resistance line has been modestly postponed, but it continues to be a next target for LINK. Charts are pointing to this level, however, it will depend on the general market trend during the following week. Buying orders are predominant on the market for LINK, which supports potential move to the upside. In case that the coin reverts a bit to the down side, there is some probability for $7 support to be tested for one more time.
COINBASE:LINKUSD
by XBTFX
Chainlink: Partial Decline With Hidden Bullish DivergenceLink several weeks back bearishly reversed at the top of the local range which lined up with the PCZ of a Bearish Bat and the target i had set for it was the 50-61.8% Retracement because there was a higher probability that Chainlink would reverse Bullishly there to begin to attempt a Partial-Decline. We've since begun to reverse at that level and are showing Hidden Bullish Divergence on both the MACD and RSI. One would be lead to believe that this is the start. However as of right now it's unconfirmed until it touches the top of the range again; But we have enough info here to try to front-run the test of the range top and get a better entry today.
COINBASE:LINKUSDLong
by RizeSenpai
LINK: $9 might be a target?Positive moves for LINK continued for a second week in a row. Generally increased market optimism has pushed the price above the $7 resistance line, while as of the end of the week, the coin managed to reach the next resistance at $8. If buying orders continue to prevail on the market, it might be expected that a long term resistance line at $9 might easily be the next target for LINK. During the week the RSI made a move from the level of 43 up to 58, which is indication that the market is setting the path toward the overbought side. At the same time, moving averages of 50 and 200 days continue to converge toward each other. There is still some space between two lines, in which sense, the golden cross is postponed. Current charts are pointing to the potential that the price of LINK might head toward the $9 resistance line, in case that current resistance at $8 is clearly broken. However, this move needs to find support in the high level of buying orders, which will depend on general market sentiment during the following week. On the opposite side, there is a high probability for the coin to shortly revert to the down side in order to test the $7 support line for one more time.
COINBASE:LINKUSD
by XBTFX
$LINK | Short Ride UpLINKUSD has broken the down trend on the DAILY and looks to repeat similar patterns in June and August, with a major difference being that it has also cleared the 50EMA as well as the beginning of a 13/48 EMA cross happening. I think a good ride to the next resistance area will take and a possibility of break through. I placed a LONG BUY for LINKUSD and placed the stop loss below the 50EMA as it has respected this since the 13/48 cross. Here's my numbers: Entry: $8.13 Take Profit: $8.55 Stop Loss: $7.72
COINBASE:LINKUSDLong
by CryptoHotep