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Chainlinkusd

Chainlink LINK price is quite strong will it last for long time?🛡 #LINKUSDT trading pair has attracted attention primarily because it has held its price quite well over the past few days, while most altcoins have been feeling “bad” and declining in value. In the future, if buyers will keep #Link price above $15, it will indicate their serious intentions and there is a good chance that the nearest target is a rise to $22 🔼 🔽However, if the #LINKUSD price is allowed to consolidate below $13.25, the red scenario will be activated. This will mean that some crypto investors will suffer, while others will be happy because they will have a chance to buy #Chainlink tokens around $9 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
4
LINK Price Jumps 10% as it Completed Tests With the DTCCChainlink ( BIST:LINK ) social dominance reached a six-month peak on Friday, surpassing levels seen in the past six months, along with the token's price rally that began on Wednesday. Despite the price increase and rising talk about the token, on-chain data suggests that BIST:LINK holders have started taking profits, a sign of possible increasing selling pressure ahead. Chainlink ( BIST:LINK ) has hit a six-month peak in the social dominance metric, indicating that the token dominates crypto-related discussions on social media platforms. The social dominance score for BIST:LINK is at 1.55%, meaning that nearly 2% of the discussions across social media platforms are related to the token. This is the highest level of dominance seen so far in 2024. The increasing talk about Chainlink ( BIST:LINK ) could be a consequence of its recent rally. The token has posted gains for three consecutive sessions and trades around $16.60 on Binance, the highest level since April 12. BIST:LINK price has increased by 22% this week. However, this recent price rise could be about to lose momentum. On-chain activity tracker Lookonchain shows that BIST:LINK holders have started taking profits on Friday. A trader tracked by Lookonchain sold 117,440 BIST:LINK holdings, worth $1.84 million and taking a profit of $205,800. It is important to note that profit-taking has just started in $LINK. Once it exceeds significant levels, it could indicate the likelihood of a price decline due to the increasing selling pressure. As of Friday, BIST:LINK holders have taken $2.26 million in profits by shedding their holdings. In its pursuit to accelerate the tokenization of funds, the Chainlink ( BIST:LINK ) network has completed tests with the DTCC and ten participating firms. The test reiterated the ability of Chainlink’s Cross Chain Interoperability Protocol (CCIP) to serve as an abstraction layer between the DTCC and the many blockchains needed for integration now and in the future. Chainlink price ( BIST:LINK ) is up 10% in the past 24 hours, riding the wave of this news and the broader bullish sentiment as Bitcoin price remains above $65,500. If the BIST:LINK bulls can push the price above the $16.863 resistance level, a flip of this roadblock into support will promote more buy orders. However, BIST:LINK would only be attractive to buy after the price records are stable, close to $18.320. In a highly bullish case, the gains could extend a neck higher to the $20.702 roadblock. The daily price chart depicts a "Bullish Engulfing" pattern accentuating BIST:LINK 's bullish dominance. Chainlink's Relative Strength Index (RSI) stands at 62.24 which is prime for further growth.
Long
by DEXWireNews
LINKUSD: Potential Long Entry on the Horizon with Bollinger BandIntroduction Chainlink (LINKUSD) is a cryptocurrency that powers a decentralized oracle network for smart contracts. It provides a secure and reliable way for blockchain applications to access off-chain data, enabling a wider range of functionalities. This article analyzes LINKUSD through the lens of Bollinger Bands and a potentially reversing trend, suggesting a possible long entry opportunity in the near future. Understanding Bollinger Bands Bollinger Bands are a technical analysis indicator that utilizes volatility to depict potential price movements. They consist of three lines: • Simple Moving Average (SMA): This line represents the average price over a chosen period. • Upper Bollinger Band (UBB): Two standard deviations above the SMA, indicating potential resistance areas. • Lower Bollinger Band (LBB): Two standard deviations below the SMA, indicating potential support areas. The Bollinger Bands expand and contract based on volatility. High volatility widens the bands, suggesting a more volatile market, while low volatility narrows them, indicating a calmer market. LINKUSD and Bollinger Bands Analyzing the LINKUSD chart with Bollinger Bands reveals valuable insights: • Recent Price Movement: LINKUSD has been trading within a relatively tight Bollinger Band range for the past few weeks. This suggests a period of low volatility, with price movements largely contained within the bands. • Squeeze: The recent Bollinger Band contraction indicates a potential squeeze. Squeezes often precede significant price movements, either upwards or downwards. Reversing Trend Signals Technical indicators alongside Bollinger Bands can strengthen the long entry case for LINKUSD. Here are a couple of reversal signals to consider: • Relative Strength Index (RSI): The RSI is a momentum oscillator that measures the magnitude of recent price changes. An RSI value below 30 suggests the asset may be oversold, potentially indicating a trend reversal. • Moving Average Crossover: A bullish crossover occurs when a shorter-term moving average crosses above a longer-term moving average. This can signal a shift in momentum from bearish to bullish. Combining Bollinger Band Squeeze and Reversal Signals By combining the Bollinger Band squeeze with potential reversal signals from indicators like RSI and moving average crossovers, traders can identify potential long entry opportunities. • Breakout from Upper Bollinger Band: A breakout above the Upper Bollinger Band, following a squeeze, can signal a bullish trend reversal. This suggests the price may overcome resistance and continue upwards. • Increased Volume: If the breakout is accompanied by a surge in trading volume, it strengthens the bullish case, indicating increased buying pressure. Why Consider a Long Entry Now? Here are a few reasons why a long entry in LINKUSD might be worth considering based on the current technical analysis: • Bollinger Band Squeeze: The recent squeeze suggests a potential breakout, which could signal a trend reversal. • Oversold RSI: If the RSI dips below 30, it might indicate oversold conditions, making LINKUSD an attractive buying opportunity. • Positive Developments in the Chainlink Ecosystem: Positive developments within the Chainlink ecosystem, such as new partnerships or integrations, could boost investor confidence and lead to a price increase. Important Considerations Before Entering a Long Position While the technical analysis suggests a potential long entry, it's crucial to consider other factors before making any investment decisions: • Market Volatility: The cryptocurrency market is inherently volatile. Price swings can be significant, and unexpected events can disrupt even the most well-thought-out trading strategies. • Fundamental Analysis: Don't solely rely on technical analysis. Conduct fundamental analysis to understand Chainlink's project roadmap, team, and overall market position. • Risk Management: Always implement proper risk management strategies, such as stop-loss orders, to limit potential losses. Conclusion The combination of Bollinger Band squeeze, potential RSI oversold conditions, and a possible trend reversal suggests a long entry in LINKUSD might be on the horizon. However, remember that technical analysis is not a foolproof method, and fundamental analysis and risk management are crucial for informed investment decisions. Disclaimer: This article is for informational purposes only and should not be considered financial advice. Please consult with a qualified financial advisor before making any investment decisions.
COINBASE:LINKUSDLong
by bryandowningqln
LINK - Swing Trade SPOT 📈📉Hi Traders, Investors and Speculators of Charts📈 BTC had recently formed a new ATH, and we're a few weeks away from the BTC halving. I'm expecting corrections (highly overdue) across the markets up until the halving. Chain-link still has huge upside potential: But this post is specifically for the short term. I'm looking at a swing trade (spot) here because it is already a high-risk trade , and shorting when the macro is clearly bullish is VERY risky business . Make sure you check out yesterday's update on BTC: If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck COINBASE:LINKUSD BINANCE:LINKUSDT
by CryptoCheck-
Cryptolean Chainlink LINK UpdateAfter dipping to below the key support of $17.40, Chainlink price is trading in the daily range zone between $17.40 and $19,56 and where we will continue to see a slow and choppy price action. A bullish reversal from the current price location or after a re-test of $17.40 will result in a bullish move to $19.56. Upon a bullish break-out of $19.56, the key daily resistance, bulls will be in control and push price to $22.10-$23.09. A bearish break-out of $17.40, the key daily support, will push LINK price towards the next support zone of $13.87-$14.85, where the price action will be very important.
by Trade-Lean
Cryptolean Chainlink LINK Update After rejecting the key daily resistance zone of $22.10-$23.09, Chainlink found a support at $19.56 that I expect to hold. A bullish reversal from the current price location or after a re-test of $19.56 will result in a bullish move to re-test $22.10-$23.09. A bearish break-out of $19.56, the key daily support, will push LINK price towards the next support at $17.40, however the price action will be slow and choppy. Intraday Chart The LINKUSDT 4-Hour chart is neutral for now, but it is trying to break into the bullish territory above $21.06. A break-out of $21.06 will increase a probability of a bullish move to the key intraday resistance zone of $23.48-$24.42, where I will be closely watching the #Chainlink price action. A bearish rejection of $21.06 will lead to a slow and choppy price action first to $20 and, possibly, lower to the key intraday support at $19. This bearish dip to $20 or $19 could provide a long trade opportunity. Support once read! Thank you!
by Trade-Lean
Chainlink Link price shows strong movement, what next target ? Last year, the Linkusdt price gave patient investors x3 growth . After reaching our final goal of $17.50, the Link price did not plummet sharp, but stuck in the liquidity zone $12.50-17.50. This means that there is still interest in the Chainlink project and the Link coin. So, we can assume that the growth of the Linkusd price will continue in the near future, at least to $21.60-22.30 , in our opinion. But only time will tell what will happen in reality ) _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
21
ChainLink 30% profit projectionChainLink reach support level inside expanding channel up. This support also fibonacci .382 we can follow bullish wave from this level and aim for 30% profit projection at expanding channel up resistance. If this support broken, we can rebuy (martingale) at 15.482 Trading setup : Buy now at around 17.879 Take profit 1 : 20.120 Take profit 2 : 23.264 Martingale : Re-buy at 15.482 Good luck, I will update more if I found new key level. Make sure you support this analysis to get quick notification of any update.
Long
by AzrulAzir
LINK : Still +50% UPSIDE Possible📉Hi Traders, Investors and Speculators of Charts📈 Chainlink / LINK is an altcoin that still has massive upside potential for the coming bull season. If you have been following me for a while, you'll know I've been saying we are trading in the opening moments of a new bullish cycle . I've also referred to this as Elliot Wave Theory Wave 1. According to my plan, this is the first impulse wave towards the upside. But the upwards wave are always followed by correction waves; a natural part of any cycle. I expected the correction phase to be close to/ before the BTC halving which is in April. For the near term, I'm expecting LINK to trade range between the upper resistance and lower support as pointed out on the chart, roughly $2 up or down. This is a great re-accumulation zone, incase you missed the first lower-accumulation entry point. If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck CRYPTOCAP:LINK BYBIT:LINKUSDT.P BINANCE:LINKUSD.P BINANCE:LINKUSDT COINBASE:LINKUSD
Long
by CryptoCheck-
6
LINK - Gearing up for MASSIVE GainsHi Traders, Investors and Speculators of Charts📈📉 For a while now, LINK has been trading in a very clear accumulation phase. This is the zone we see after a bearish cycle and BEFORE a new bullish cycle. Chainlink can be very "wicky", and often the price will go JUST UNDER/OVER the resistance zone, or JUST UNDER/OVER the support zone. This makes it hard to give precise entry points. Working within ranges and choosing the lower part of the range is the safest best to protect against those ugly wicks. Here are some easy setups that guarantee profits during the next bullish cycle - but you will have to have packed-bags in order to bag-in on profits! _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck COINBASE:LINKUSD BINANCE:LINKUSDT
Long
by CryptoCheck-
19
Chainlink's Perfect Entry Point with RSI at 52 Chainlink (LINK) that could potentially skyrocket your trading profits. Brace yourselves, because this is a call-to-action you don't want to miss! Chainlink has recently presented us with a picture-perfect entry point, as the Relative Strength Index (RSI) stands at a tantalizing 52. This indicates a healthy balance between buying and selling pressure, suggesting a potential upward trend shortly. But that's not all! The Awesome Oscillators have remained steadfastly positive, further reinforcing the bullish sentiment surrounding Chainlink. Now, you might be wondering, "What does this mean for me as a trader?" Well, my friends, it means an incredible opportunity to go long on Chainlink and ride the wave of potential profits that lie ahead. With the RSI at 52, we have a favorable entry point that allows us to capitalize on the expected price surge. Combine this with the positive Awesome Oscillators, and we have a recipe for success! So, let's seize this moment and take advantage of Chainlink's promising position in the market. By going long on Chainlink, you can position yourself to potentially reap substantial gains as the price surges. Remember, timing is everything in the fast-paced world of trading, and this could be the perfect moment to strike while the iron is hot. To get started on this thrilling trading journey, I encourage you to take the following steps: 1. Conduct a thorough analysis: Dive deep into Chainlink's market trends, historical data, and any relevant news that could impact its future performance. This will help you make informed decisions and maximize your trading potential. 2. Set up a trading plan: Determine your entry and exit points, establish risk management strategies, and set realistic profit targets. A well-thought-out plan will guide you through the volatility and keep you focused on your trading goals. 3. Execute your trade: Once you have done your due diligence and devised a solid plan, it's time to put it into action. Open your trading platform, select Chainlink, and go long with confidence. Remember, trading involves risks, and it's crucial to exercise caution and trade responsibly. Always consider your own risk tolerance and financial situation before making any investment decisions. Now is the time to harness the potential of Chainlink's perfect entry point with RSI at 52 and Positive Awesome Oscillators. Don't let this golden opportunity slip through your fingers! Get ready to embark on an exciting trading adventure and potentially reap the rewards that await.
by bryandowningqln
Chainlink Wave - Ascending Triangle Signals a Bullish Breakout! I am thrilled to share that Chainlink has been forming an intriguing pattern on the charts - an ascending triangle. This pattern indicates a potential bullish breakout in the near future and presents an excellent opportunity for traders like us to capitalize on this upward trend. So, fasten your seatbelts, my friends, because we are about to embark on an exhilarating ride! For those unfamiliar with an ascending triangle, it is a bullish continuation pattern characterized by a series of higher lows and a horizontal resistance level. As the price consolidates within this pattern, the pressure builds up, setting the stage for an explosive breakout. With Chainlink's recent price action, it becomes evident that the bulls are gaining strength and are ready to push LINK to new heights. Now, you might be wondering, why Chainlink? Well, let me tell you why this cryptocurrency has caught my attention. Chainlink has established itself as a leader in the decentralized oracle space, providing reliable and secure data to smart contracts across various blockchain platforms. Its innovative technology and partnerships with major players in the industry have positioned it as a key player in the rapidly growing DeFi ecosystem. Considering the rising demand for decentralized finance and the increasing adoption of smart contracts, Chainlink's value proposition becomes even more compelling. As the market continues to recognize the importance of reliable data feeds, Chainlink's role as a bridge between the real world and blockchain technology becomes increasingly vital. So, here's the call-to-action, my fellow traders: it's time to go long on Chainlink! With the ascending triangle pattern signaling an imminent breakout, now is the perfect moment to position ourselves for potential gains. By taking advantage of this bullish momentum, we can ride the Chainlink wave and potentially reap substantial profits. Remember, as traders, we thrive on seizing opportunities when they arise. Chainlink's ascending triangle pattern is a clear indication that the time to act is now. So, let's dive into the market, set our stop-loss orders strategically, and ride the wave of potential profits that Chainlink promises. As always, please conduct your own research and consult with your trusted financial advisor before making any investment decisions. The cryptocurrency market can be volatile, but with careful analysis and a well-executed strategy, we can navigate these waters and come out on top. Wishing you a successful trading journey ahead!
COINBASE:LINKUSD
by bryandowningqln
2
Seize the Potential of Chainlink with EMA 20 for Incredible Gai I am here to present you with an exceptional opportunity that promises to revolutionize your portfolio and take your gains to unprecedented heights. Chainlink, a true gem of a project in the blockchain universe, has caught our attention and should undoubtedly catch yours too. With its recent surge and the Extra Moving Average (EMA) 20 indicator looking remarkably attractive, the stage is set for an exhilarating adventure into the land of Chainlink. This golden EMA 20 - indicating a bullish trend - acts as a beacon for new buyers, beckoning them towards a potentially profitable journey. Let me be clear - this is not just another hyped-up project! Chainlink has consistently demonstrated its strength and resilience within the market, boasting a strong track record and earning the trust of both traders and industry experts. Its fundamental technology, harnessing the power of smart contracts, ensures transparent and secure transactions with immense potential use cases across various industries. So, here's the call-to-action - Join the Chainlink revolution NOW and witness your trading strategies soar to new heights! Seize the moment and embark on this thrilling journey with strength, courage, and conviction. Take advantage of the EMA 20 indicator, which tells a promising story about the future of Chainlink, showing great potential for substantial gains. Whether you're a seasoned trader or just starting out, Chainlink promises an exciting adventure filled with astounding profit possibilities. Don't let this opportunity slip through your fingers. Embrace the spirit of exploration, the thrill of the market, and the allure of a technology that has the potential to reshape the way we interact with the digital world. Ready to dive into the world of Chainlink? Take that leap of faith today! Let your trading journey be guided by the energy and excitement that Chainlink harnesses. Feel the surge of adrenaline as your profits skyrocket alongside the growing demand for this game-changing cryptocurrency.
COINBASE:LINKUSDLong
by bryandowningqln