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LINK

LINKUSDT Fortifying Demand ZoneChainLink has once again proven its mettle by successfully defending the demand zone for the fourth consecutive time. This defense is a testament to the substantial demand for LINKUSDT that refuses to waver. Adding to the impressive show of strength, a simple uptrend trendline stepped into the spotlight, showcasing a bounce that echoes the resounding demand for ChainLink. The story here is clear: there's a substantial appetite for LINKUSDT, and the market is signaling a strong vote of confidence. So, what's on the horizon? Be prepared for a continuation of the upside move, a path that seems almost inevitable given the current scenario. The nearest resistance is at 161.8% Fibonacci retracement level. The stage is set for a grand performance, and we anticipate this level to be tested in the coming weeks.
Long
by CryptoPAMM
Link appears to be finally breaking up from the bullflag. After countless wicks above the pink channel on the daily time frame, link finally broke upward with authority and has already reached the channel’s measured move target. Once we switch to the weekly timeframe shown here, we can see that channel is also a very valid looking weekly bullflag and the measured move target for the bullflag Breakout is $25.30 or so. Now that it has reached the 1st target of the two (channel breakout) some consolidation or slight pullback before heading up to the higher bullflag target is always possible, but I anticipate it reaching the full bullflag target soon enough *not financial advice*
COINBASE:LINKUSD
by DrDovetail
Chainlink Market Analysis: The End ❌Chainlink has seen a significant surge in momentum over the past few days, fueled by various speculations about potential developments. However, when we delve into the chart technicalities and set aside external noise, we uncover a fascinating narrative: Chainlink has been in an accumulation phase from May 2, 2022, to the end of October 2023. This phase marked the conclusion of our previous bull run and effectively ended the corrective period, ushering in a new cycle. 🔄 This cycle may now have concluded, poised to enter a Wave 2 correction, expected to retrace between 50 to 78.6%. The 50% retracement level, aligning with the subordinate Wave 4 at $12.67, is particularly noteworthy. As for the current Wave 5, we've reached a potential area, with projections extending up to a maximum of $25. Yet, our analysis leans towards a consolidation around $20.30. 🔍 Observing the 4-hour chart, we regret to note that we missed capitalizing on this ascent due to a breakeven stop-out after securing profits, just as we're nearing the completion of Wave 3. Currently at the 161.8% extension, this level might either hold or be surpassed. If exceeded, a climb up to $27 could ensue. However, given our daily timeframe analysis capping at $25, we discount this scenario, anticipating a peak at the 261.8% extension, or $23.54, before a subordinate Wave 4 and a subsequent overarching final Wave 5 unfold. 📉 A correction down to at least $12.67 is anticipated thereafter. We'll continue to monitor the situation closely, ready to adjust our entry points should Chainlink's trajectory ascend further.
CRYPTO:LINKUSD
by stromm_by_wmc
4
⚖️💹 LINK Analysis and Strategy 🌐📊📊 Current Market Status: LINK has been consistently rising since breaking out from the $8 area in October. 📈 Chart Analysis: Daily Chart: Possibility of retest of $18 area. Weekly Chart: Strong, targeting next resistance at $28. 🔄 Trading Strategy: Retest Opportunity: For those who missed the earlier move, look for a possible retest of the $18 area on the daily chart. Weekly Target: On the weekly chart, LINK appears strong with a target at the next resistance of $28, representing a more than 50% move up. 📣 Market Insight: LINK's strength is evident, and as long as Bitcoin remains stable, it may continue its upward movement without significant disturbances. Trade wisely! 📈💡 #LINK #TradingStrategy #CryptoMarket 🌐📊
Long
by Richtv_official
Link analysishello guys... Breakout Confirmation: The recent breakout from a long-term consolidation is supported by strong price action and a surge in trading volume. Key Levels: The previous resistance level around 11.5 may now act as a support level. The breakout through a key psychological level further strengthens the bullish sentiment. Price Targets: Short-Term Target (19.5): Initial target based on engulfing. Medium-Term Target (27): Ambitious target considering. ______________________ always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comment
Long
by melikatrader94
10
LINKUSDT.1DBased on the given market data, the LINK/USDT pair is trading at $18.251. The Relative Strength Index (RSI) for 4 hours, 1 day, and 7 days are 64.61, 70.36, and 69.78 respectively, indicating that the currency is approaching overbought conditions in the short to medium term. The Moving Average Convergence Divergence (MACD) for 4 hours, 1 day, and 7 days are 0.582, 0.696, and 2.137 respectively, which suggests a bullish trend in the short to medium term as the MACD is above zero. The Bollinger Bands (BB) for 4 hours and 1 day are at 18.934, suggesting a strong resistance level. The BB for 7 days is at 19.952, which also indicates a strong resistance level. The support levels for 4 hours, 1 day, and 7 days are at 17.656, 15.696, and 13.310 respectively. These are the levels from which the price could potentially bounce back if it falls. The resistance levels for the same periods are at 18.842, 19.019, and 19.530. These are the levels the price has to break through to continue its upward trend. In my opinion, while the currency is showing signs of being overbought in the short to medium term, the bullish trend indicated by the MACD suggests that the price could continue to rise in the near future. However, due to the strong resistance levels indicated by the BB, the price may face challenges in breaking through these levels. If the price fails to break through the resistance levels, we could see a price correction in the short term. As always, it's important to keep an eye on market trends and adjust your strategy as needed.
by MarsSignals
Get Ready for a 10% Profit Explosion with LINKLink seems to have recognized its own potential after breaking below the beautiful ascending channel it created some time ago and exploring those levels for a while. It might be attempting to convey this potential to us with the Cup and Handle formation. The general target of these formations is expected to rise by the size of the large semi-circle we call the cup. We are approaching the end of our formation, and if we can re-enter the upward trend channel, the formation target will likely be achieved.
Long
by TonyStellar
1