Link Big volume/Candle Incoming In my opinion, the current outlook for Link is very bullish. I anticipate further upward movement, considering that liquidity has already been taken from short traders.
LINKUSDT.P trade ideas
Two ideas: short and long after market shift.For some reason this thing requires a description I see no use for.
Chainlink Crypto Price Woes: Key Indicators and StrategiesThe 4-hour chart for BINANCE:LINKUSDT reveals interesting insights into its recent movements and potential future direction. Over the past few sessions, the LINK price has shown a slight downward trend, closing at $13.486 in the latest session, down from a recent high of $13.644. This decline comes despite attempts to break through resistance levels at $13.559 and $13.69, suggesting a struggle to maintain upward momentum.
Examining the Exponential Moving Averages (EMAs), the 9 EMA is currently at $13.663, and the 20 EMA is slightly higher at $13.755. The fact that both EMAs are above the closing prices indicates bearish momentum. This is further supported by the MACD, which has shown a series of declining values, with the latest histogram reading at -0.095, reflecting bearish sentiment. The MACD line crossing below the signal line confirms this bearish trend.
Meanwhile, the Relative Strength Index (RSI) has been hovering around the mid-40s, with a recent reading of 41.91. This suggests that the Chainlink crypto is neither overbought nor oversold, but it is leaning towards bearish territory. An RSI below 50 typically indicates bearish momentum, aligning with the observations from the EMAs and MACD.
For potential movements, the LINK price must decisively break through the resistance levels at $13.559 and $13.69 to establish a bullish trend. Failure to do so may lead to further declines towards the support levels at $13.306 and $13.03, with a significant support level at $12.963. If LINK falls below $13.306, traders should watch for signs of stabilization around $13.03 to consider potential long entry points.
For short trades, entering around the resistance level of $13.559 with a stop loss slightly above $13.69 could be a viable strategy, aiming to exit near the support levels. Conversely, for long trades, waiting for a clear breakout above $13.69 could offer a safer entry point, with targets set at subsequent resistance levels.
Overall, the technical indicators for LINK suggest a bearish outlook in the short term. Traders should exercise caution and monitor key resistance and support levels closely. Whether engaging in long or short trades, setting appropriate stop losses and taking profit at critical levels will be essential for managing risk effectively.
LINKUSDT- more downside ahead
- targetting monthly range low
- look for bounce after monthly range low sweep in fvg
Chainlink (LINK): Possible Rejection From Resistance ZoneChainlink is currently near a major resistance zone in a 4-hour timeframe, looking for a possible rejection to happen from here.
One thing that concerns us is the break of both 100 and 200 EMAs but we have not tested them so there is a great chance of seeing a downward movement here if we manage to get strong rejection from resistance + RSI is overbought!
Swallow Team
Chainlink Targets $25After a long accumulation phase, we are again backtesting the last major support where we saw previous buyers step in.
There's a higher probability we increase in price from here and target the 0.618 & weekly level above. A sweep of the lows before a move up is also possible.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
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This is not financial advice. This is for educational purposes only.
Consolidation is over, breakout next. - LINK/USDT#LINK/USDT #Analysis
Description
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+ Link Price has consolidated nicely in the past and now it formed a triangle pattern
+ Breakout from this triangle pattern will pump the price upwards and we have a good potential for trade
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VectorAlgo Trade Details
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Entry Price: 13.9
Stop Loss: 9.9
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Target 1:17
Target 2: 22
Target 3: 34
Target 4: 42
Target 5: 52
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Timeframe: 1W
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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VectorAlgo
LINK — Time To ShineChainlink crashed through the crucial long-term support level at $13 during the latest correction. This level has served as support since November 2023.
Fortunately, LINK reconquered the level after a few days and rallied ~15% until it got rejected at $14.5. Moreover, the token managed to break out of its short-term downtrend from its local high at the end of May.
However, to create a stronger bullish momentum, LINK has to follow through and clear the following levels:
1️⃣ EMA200: This important indicator is currently located at ~$15 and represents the first level to break.
2️⃣ Afterward, LINK has to tackle the resistance at $16. This might be much harder compared to the EMA200.
3️⃣ Making a higher high, which results in a level above $18.8
LINKUSDT LONG 5R/R MONTHLY TIMEFRAME- Double 0.3 + monthly ema support
- Liquidity swept including quarterly low
- If weekly closes bullish hammer like it is now easy long
- Target 0.7fib area of old monthly wave + fib extension area of the recent wave
- Target can be extended to all time high
Alikze »» LINK| Descending channel🔍 Technical analysis: Descending channel
- According to the previous post , after not fixing in the green box, the second scenario was realized.
- In the daily time frame, it faced a correction after a movement cycle, which is currently moving in a descending channel.
- Now after the demand at the bottom of the channel and the green box area, it has broken the middle of the descending channel after the second collision.
- Therefore, it can continue the upward movement with pullback to the middle of the channel, up to the roof area of the descending channel.
💎 In addition, if it can break the supply area and stabilize above the 15.6 range, it will have the targets of 1.272 and 1.618 Fibo.
💎 Alternative scenario: Note that to continue the upward trend, it must be above the 12.5 zone, so if it stabilizes below this zone, it can touch the green box again.
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BINANCE:LINKUSDT
LINK/USDT 1D Hello, I invite everyone to review LINK in pairs to USDT, taking into account the interval of one day. As we can see, the price has moved upwards from the downward trend line.
After unfolding the trend based fib extension grid, we can determine a strong resistance at the level of $14.87, only an upward move can give room for an upward movement towards $15.98, and then we can see resistance at the level of $17.41.
Looking at the second stone, we will similarly determine the support places. However, here there is a strong support zone from $12.54 to $11.30, only a break from this zone may result in a drop to around $9.55.
It is worth looking at the RSI indicator here, which shows a strong movement beyond the upper limit, which translates into a loss of growth power and may change the direction of the price.
$LINK LONGBTC and overall market back to bullish terms expect alts to start running here , setup ups are clear with clear invalidations
LINK USDTLINK Trade Setup.
After a confirmed breakout from the green zone, we could take entry at $14.928.
Remember stop loss is your friend. Everything is on the chart.
Entry $16.109
S.L $13.742
T.P 1 $16.109
T.P 2 $17.246
T.P 3 $18.605
@everyone
[LINKUSDT] - potential targets in HTF10 million link pieces were purchased in the past two weeks alone, worth $120 million Great buying power in a short period of time makes the currency's TARGETS
great in the long term
on weekly chart there is a consolidaion of falling wedge pattern after a longtime
accumulation (526 days)
key level is 32$ zone.. price can visit 9$ again but i still see it's good area for buying
best regards ceciliones🎯
Chainlink LINK price have potential for x3 growthTweeters have become "active" around #Chainlink
They write that over the past 2 weeks, "whales" have bought 10 million CRYPTOCAP:LINK
This amount is 1.5% of the total number of coins in circulation now or 1% of the maximum suply.
Whether this is a lot or a little, whether it will act as a driving force or not, whether you believe in the project's potential or not - of course, it's up to you to decide.
But as long as the OKX:LINKUSDT price is above the blue trend line, the potential for x3 growth by the end of the year remains.
Link shortI believe the price of Link will decrease, leading to the liquidation of long traders' positions. Consequently, I have taken a short position.
LINK to do a -50%- LINK has a clear demand zone that has now been tested too many times
- also in a clear head and shoulders formation
- given the confluence with bitcoin likely to head much lower it is very likely LINK trades all the way to 5$ in the coming weeks
LINK - Potential Long?With alts being beaten to near death, I'm getting more interested in charting them and looking for decent stuff that is holding support at some level.
Link looks interesting, with all lows swept on the USDT pair while still holding onto range lows. The BTC pair has been ranging for a while, I could see a bounce to midrange.
There seem to be some whispers going on about a potential rotation from memes towards more 'value' stuff, with defi getting mentioned a lot. We already saw MKR and AAVE pump; if the defi narrative has any legs, LINK is definitely something to keep an eye on.
Chainlink (LINK): Re-Testing The Broken ZonesChainlink is re-testing the broken zone after a great breakdown it had on July 4th.
We are waiting for successful rejection here and a movement to lower liquidity zones so let's wait for a weakness to kick in and look for a position here!
Swallow Team
LINK Long Spot PositionMarket Context:
LINK has been consolidating in an area of support, presenting an opportunity to enter into a long spot position.
Trade Setup:
Entry: Ladder into a long spot position in the $12.70 - $13.25 area of support.
Take Profit:
First target: $14.60 - $15.30
Second target: $16.20 - $16.90
Stop Loss: Place the stop loss just below $11.80.
📊 Monitor the market closely and adjust your strategy as needed! #LINK #CryptoTrading #SupportZone 🎯
LINK to SellLink has been making LH and LL in short term time, As per my analysis we should sell as per the plan.
Let's take a look at the $LINK/$USDTWhat can happen to the market if the BIST:LINK is so modified?!!! I don't have an idea for that myself, but I imagine BIST:LINK could see the $4 price again.
I find it suitable for buying with the intention of keeping for six months to a year.
I hope to have the necessary liquidity for the day when the BIST:LINK is supposed to reach 4 $.
