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LINKUSDT trade ideas

LINK/USDT - Chainlink: Falling Wedge◳◱ On the $LINK/ CRYPTOCAP:USDT chart, the Falling Wedge pattern suggests a pause in volatility, potentially gearing up for a breakout. Traders might observe resistance around 16.264 | 17.265 | 19.582 and support near 13.947 | 12.631 | 10.314. Entering trades at 15.259 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: Chainlink ▣ Rank: 16 ▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc ▣ Category/Sector: Services - Data Management ▣ Overview: Chainlink is a decentralized oracle network. It aims to serve as a middleware between smart contracts on smart contracting platforms and external data sources, allowing smart contracts to securely access off-chain data feeds. ◰◲ Technical Metrics : ▣ Mrkt Price: 15.259 ₮ ▣ 24HVol: 75,890,616.439 ₮ ▣ 24H Chng: -4.917% ▣ 7-Days Chng: -2.66% ▣ 1-Month Chng: 5.93% ▣ 3-Months Chng: 89.72% ◲◰ Pivot Points - Levels : ◥ Resistance: 16.264 | 17.265 | 19.582 ◢ Support: 13.947 | 12.631 | 10.314 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: SELL ◰◲ Technical Indicators Summary : SELL ◲◰ Sharpe Ratios : ▣ Last 30D: 0.96 ▣ Last 90D: 3.18 ▣ Last 1-Y: 1.59 ▣ Last 3-Y: 0.58 ◲◰ Volatility : ▣ Last 30D: 0.85 ▣ Last 90D: 0.93 ▣ Last 1-Y: 0.75 ▣ Last 3-Y: 1.09 ◳◰ Market Sentiment Index : ▣ News sentiment score is 0.74 - Bullish ▣ Twitter sentiment score is 0.59 - Bullish ▣ Reddit sentiment score is 0.50 - Bullish ▣ In-depth LINKUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
LINK → Chainlink Dropping from Double Top? Going Down to $10?LINK completed a measured move and attempted to break past the Resistance Zone twice without success. Does that mean we have justification to short? How do we trade this? 🤔 A low probability, low risk, high reward trade (a reversal) was reasonable after the Daily candle closed on December 15th. That was a strong bear bar closing on its low after the double top, now we're stuck under the 30EMA and having a hard time getting back up. You can also reasonably short here at a 1:1 Risk Reward Ratio. Your position size should be smaller since we're further away from the justified stop loss position above the Resistance Zone. Shorting to the Daily 200EMA support is a solid target but remember, this is technically a counter-trend trade, so we need to watch every candle for a sign that we're bouncing back toward the upside. 💡 Trade Ideas 💡 Short Entry: $14.150 🟥 Stop Loss: $17.650 ✅ Take Profit: $10.650 ⚖️ Risk/Reward Ratio: 1:1 🔑 Key Takeaways 🔑 1. Measured Move Complete, Potential Double-Top Reversal. 2. Price fell from Resistance Zone. Reasonable to Short Scalp. 3. Teacup and Handle Pattern did not play out. 4. Far away from Reasonable Protective Stop, Small Position. 5. RSI at 45.00 and below the Moving Average. Bias to Short. 💰 Trading Tip 💰 Your position size should be proportional to your risk and relative to your maximum allowed loss on a single trade. Example: A $100 trading account using the 1% rule should lose no more than $1 on a single trade. That means if your stop loss is further away, your position size needs to be sized so that your loss equals no more than $1. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
Short
by TraderEngineering
6
LINK/USD Main trend. Wedge. 53$ - 5,3$ = -90%Basic tendency. Logarithm. The time interval is 1 week. A clear downward wedge was formed in the pair to the dollar. Pay attention that the maximum is $53, and the minimum is $5.3. It is interesting that it is exactly -90%. This makes it clear that the price is completely "manageable." A line chart to understand the direction of the trend and the wedge. Secondary trend. LINK/USDT Secondary trend. Downward wedge. Alts should be looked at starting at -90%. But I want to remind you that -96% is also -60% of -90%. It's the average set and reset price that matters, but this logic should always be kept in mind. Averaging, this is not buying "cheap", but buying in potential trend reversal zone, if past buying turned out to be wrong (very relevant for those who work with large amounts and keep most of their cryptocurrency on wallets). You have bitcoins and you don't want to sell most of them for any money, neither cheap nor expensive? Then HYIP, a cryptocurrency, is designed to take them away from you! Then, after a few cycles of hype around another promising crypto-monet, former bitcoin holders will be collecting satoshis and remembering, "I used to have a lot of bitcoins... But I wanted to get rich so badly that I lost them all...". With each coin prospect and with each jump in the market cycle, my balance decreased, and now I have pennies compared to my former numbers... Illusory money prospects and trivial greed can deceive you. With these two components of the market, you have to stay at arm's length.
by SpartaBTC
9
LINK/USDT Secondary trend. Downward wedge.Logarithm. Secondary trend. Downward wedge. A clear downward wedge was formed in the pair to the dollar. In case of its breakage, I showed the maximum potential. Note that the maximum is $53, and the minimum is $5.3 Interestingly done, that is exactly -90%. This makes it clear that the price is completely "manageable. People do not influence the price, they are directed to form the desired price. A line chart to illustrate the key pivot zones. Alts should be looked at starting at -90% . But I want to remind you that -96% is also -60% of -90%. It's the average set and reset price that matters, but this logic should always be kept in mind. Averaging, this is not buying "cheap", but buying in potential trend reversal zone, if past buying turned out to be wrong (very relevant for those who work with large amounts and keep most of their cryptocurrency on wallets). The main trend. Time frame 1 week. LINK/USD Main trend. Wedge. 53$ - 5,3$ = -90%
by SpartaBTC
18
LINKUSDT - Elliott Wave Analysis - BullishBINANCE:LINKUSDT LINKUSDT - Elliott Wave Analysis - Bullish Article: The price chart analysis of ChainLink (LINK) using the Elliott Wave Theory, with lines drawn by this indicator, highlights it as one of the cryptocurrencies to watch. The long-term (1-week) price chart of ChainLink (LINK) has shown a bullish movement since 2020, breaking through several key resistance levels and continuing to climb steadily. The structure created by the indicator's automatic line drawing clearly shows that we are potentially in wave 3 of a bullish trend while concurrently in wave C of a bearish correction. Therefore, we expect prices to reach levels at $86, $105, and $137 respectively. However, other factors should be considered when forecasting future price directions such as fundamental asset factors, technical factors, and economic conditions. The fundamentals for LINK are strong due to its popularity as a DeFi project with increasing real-world usage. Technical indicators support an upward trend. Factors supporting the upward trend for ChainLink include: Growth in real-world usage of ChainLink. Partnerships with new allies. Launching new products and services. Risks against the upward trend for ChainLink include: Global economic recession. Volatility in cryptocurrency markets. Competition from emerging technologies. Conclusion In summary, the long-term (1-week) ChainLink price chart indicates a robust upward trend, with expectations of breaking through key resistance levels, specifically at $53. Currently, the price is in an accumulation phase, poised for a soon-to-come upward adjustment. Additionally, it is noteworthy that the price has been consistently adjusting upward on a weekly basis.
Long
by hapharmonic
13
LINKUSDT #1 ( Bullish rally road map ! ) Hello dear traders. Good days . LINKUSDT broken decreasing channel and important Monthly Gann Square Fan trend line with strong surge . As I mentioned in chart , LINKUSDT broken Daily Gann Square Arc resistance with same move . For continuing the bullish rally , expected to get support from Broken Monthly Gann Square Fan trend line at reversal time zone which defined on chart . Rally road map is plotted with help of Gann Square & Gann box . Good luck and Safe trade. Thanks for your support and comments.
Long
by SHAlavi
16
✴️ ChainLink Full Analysis | Bearish, Bullish, Daily, Weekly...We will have to look at multiple charts across multiple timeframes to try and get a full picture on this pair, LINKUSDT. Remember this is not an exact science and I can be wrong in my assessment. The only thing we can know for certain is the long-term trajectory. My specialty is spotting bottoms leading to bullish reversals. Short-term it can quickly turn into a guessing game because all of our assumptions can prove wrong the next day. The bigger picture is up. Long-term bullish... Chainlink just came out of a 525 days long consolidation phase. A bullish breakout as it just happened does not happens just to push prices to new lows, this is a new market phase confirmed, the uptrend or bull-market. On that note we can start to consider all the possible scenarios which can be reduced to just two: 1) Straight up or, 2) Correction? There is a third scenario... 3) Sideways consolidation. You see? Just pulling up the long-term picture makes everything clear and easy. 1 & 2) Straight up Or Correction? For these scenarios we go to the daily timeframe: The signals are mixed. While trading daily above EMA10/50 etc., is considered bullish, this is coupled with decreasing volume and a dropping RSI. Mixed signals. Another bearish signal is the double top. LINKUSDT peaked 11-Nov. and then again 8-Dec., barely a new high and thus the double top. Double top formations tend to be bearish and can result in a retrace or correction. Looking at this same chart, MA200 was conquered in September, more than 3 months ago. Now we see this double top and MA200 trending higher. This previous resistance level can now work as support. LINKUSDT can easily move lower to test this level and see if holds, if it does (high probability it does), then LINK can resume growing. Considering the previous weekly chart, these levels would match 0.382 Fib. and EMA200. We can see LINKUSDT trading above MA200 weekly but just barely. Action can happen above/below a level just to quickly reverse. In the case of the weekly chart, EMA200 is the one that can be tested as support but the signals are mixed here as well. Technically speaking (focusing on the chart signals), LINKUSDT weekly is considered strongly bullish above MA200, but no growth is happening above this level and the session that peaked closed as a Doji which is an indecision candle. Conclusion 👉 We can say that the main potential is for prices to retrace or in the least continue consolidating for a while before the next move. 👉 For the chart to be considered bullish again, it needs a move and close above the last high, $17, on the daily timeframe to start. Any trading below this level and a retrace/correction can develop any day. I hope you find this analysis useful. Namaste.
Short
by AlanSantana