ChainLink | LINK , TRUMP & Grayscale LINK pumped 500% since our last signal so Its time to Celebrate the New Year with Crypto
Chainlink isn’t just mooning on price it’s taking the crown in the real world assets (RWA) sector. LINK is leading the pack in development activity, leaving Ethereum based Synthetix (SNX) and the privacy savvy Dusk Foundation (DUSK) playing catch up
Price Up, GitHub Busy, and a New Year’s Party to Crash
The numbers? Chainlink flexed nearly 394 GitHub events in the past 30 days, compared to Synthetix's 176.6 and Dusk's 34.7. Meanwhile, Polymesh (POLYX) and Maker (MKR) aren’t far behind, clocking in at 25.9 and 21.7, respectively
Chainlink’s onchain momentum and fundamentals are bullish as well, growing active addresses and an all time high futures open interest of $770.27M are just tip of the iceberg. Grayscale announced that it has opened Grayscale LINK Trust to qualified investors, a fund that enables investors to gain exposure to XRP in the form of securities. As of December 12, Grayscale LINK Trust had a net asset value of $111.91 per share and $30,468,812 in assets under management
Chainlink's LINK token is experiencing a notable increase in price and market activity, fueled by a strategic investment from World Liberty Financial (WLFI), a project backed by Donald Trump’s family. WLFI recently expanded its holdings by purchasing an additional $1 million worth of LINK, raising its total investment in the token to $2 million.
LINK is trading at $29.4 (+1.5% over 24 hours), while its all time high of $52.82 (May 2021) is still 44% away. But hey, it's already the life of the crypto party, with a $1.1B daily trading volume and active trading on 99 exchanges, led by Binance. Market cap? A cool $18.6B
it’s a good time to toast to LINK’s rise🍾
Linkanalysis
#LINK (SPOT) entry range( 9.50 - 11.00)T.(16.87) SL(9.28)BINANCE:LINKUSDT
entry range ( 9.50 - 11.00)
Target (16.87)
SL .1D close below (9.28)
*** collect the coin slowly in the entry range ***
*** No FOMO - No Rush , it is a long journey ***
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LINK Long Position (Consolidation Breakout)Market Context: LINK has been consolidating at support for the last six weeks, and this provides an opportunity to ladder into a long spot position with a favorable risk-reward ratio.
Trade Setup:
Entry: Enter a long spot position around $10.20.
Take Profit:
First target: $12.00 - $13.00
Second target: $16.00 - $17.00
Stop Loss: Just below $9.30
📊 This setup capitalizes on the consolidation at support with potential upside targets in a bullish market environment. #LINK #Consolidation #Crypto
LINK Long Position (Oversold Conditions)Market Context: LINK has reached an important level of support, with oversold conditions on medium timeframes. This presents a potential long trade opportunity, particularly if BTC holds the $58,000 support level.
Trade Setup:
Entry: Long trade around $10.80 - $11.53 support level.
Take Profit:
First target: $12.50 - $13.00
Second target: $14.50 - $15.30
Stop Loss: Tight stop loss just below $10.30.
📊 This trade capitalizes on the oversold conditions and key support, with well-defined targets and a tight stop loss to manage risk. #LINK #CryptoTrading #SupportLevel
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 🎯
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
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LINKUSDT.1DThe daily chart for Chainlink (LINK/USDT) indicates a recent bearish trend, as highlighted by the descending trendline, with the current price at $12.995. The chart showcases a resistance level (R1) at $16.577, beyond which R2 and R3 are marked at $21.477 and a high near $22.868, respectively.
The primary support level (S1) is set at $12.205, which is crucial for maintaining the current bearish structure. If the price breaks below this support, it could lead to further declines, potentially testing lower supports not identified on the chart.
The RSI is near the oversold territory at 38.28, suggesting that the market might be nearing a point where a reversal could occur if buyers step in. The MACD is below the signal line and in the negative zone, reinforcing the bearish momentum indicated by the price action.
Traders may consider looking for buying opportunities near the support level if bullish signals emerge, such as a bullish divergence on the RSI or a crossover to the upside on the MACD. Conversely, a break below S1 might be used as an entry point for short positions, with the expectation of further declines. A break above the descending trendline and resistance at R1 could suggest a potential reversal, targeting higher levels up to R2 and R3.
February Crab Repeat, Channel drop into TriangleLink went to the all time high 36$ range in Feb and channel A dropped into triangle A.
it broke the triangle into another channel upward to break a new previous high which was the 44$ range and we're seeing a similar triangle drop where we may range sideways for months after dropping from channel B into triangle B.
BEARISH
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 )
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LINKUSDT.1DBased on the given market data, the LINK/USDT pair is currently priced at 19.94 USDT. The Relative Strength Index (RSI) over 4 hours is 53.49, which is a neutral position and doesn't indicate overbought or oversold conditions. The Moving Average Convergence Divergence (MACD) for 4 hours is 0.043, suggesting a slightly bullish sentiment. The Bollinger Bands (BB) for 4 hours is at 20.85, indicating that price volatility is relatively normal.
The support levels for 4 hours are at 19.230, 18.800, and 17.529 USDT, while resistance levels are at 20.85, 21.0, and 21.600 USDT. These are the price levels to watch for short-term trading.
On a daily basis, the RSI is 72.19, indicating overbought conditions and suggesting a potential price correction. The MACD is 1.185, again indicating a bullish sentiment. The support levels for a day are at 18.700, 16.700, and 15.400 USDT, while the resistance levels are at 21.700, 24.500, and 26.100 USDT.
On a weekly basis, the RSI is 77.38, suggesting the market is overbought and there could be a price drop. The MACD is 2.549, indicating a strong bullish sentiment. The support levels for a week are 14.560, 12.0, and 9.080 USDT, while the resistance levels are at 21.700, 26.100, and 28.800 USDT.
In conclusion, the LINK/USDT pair is showing a bullish trend in the short term, but the overbought conditions on a daily and weekly basis suggest there could be a potential price correction. Therefore, traders should be cautious and consider taking profits or setting stop-loss orders to protect their positions. As always, it's essential to consider other market factors and news that could influence the price.
🔗Chainlink (LINK): Critical Support Broken, Potential Recovery BIST:LINK has broken a daily support line and is now within a support zone of $13.5 - $15. If LINK reclaims this support zone and the daily resistance trend line, there is potential for a move to the $17 - $18.5 resistance level. Set a stop loss at $11.5 to manage risk. 📉🔗
#LINK #CryptoTrading
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!
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LINK → Chainlink Teacup and Handle Bull Pattern!? Let's Prepare!Chainlink is knocking on the door of the Resistance Zone and forming what appears to be a teacup and handle bull pattern! Do we long now? What should our signal to enter a trade be?
How do we trade this? 🤔
Link completed its measured move up to the resistance zone, pulled back, and made another attempt to breach the $16.30 price but failed. If the teacup and handle pattern is truly playing out, we should be witnessing another weaker pullback to somewhere around the $14.30 price area (30EMA). If the price bounces at the 14.30 area, we may in fact be looking at a breakout of the Resistance Zone.
So does that mean we long at the 30EMA? No. Because the probability of profit longing at a resistance zone is low. It's best to wait for the price to break the Resistance Zone, test it for support then long that support as depicted in my analysis. Until then, let's wait on the sidelines and see how this plays out!
💡 Trade Idea 💡
Long Entry: $18.30
🟥 Stop Loss: $16.10
✅ Take Profit: $24.90
⚖️ Risk/Reward Ratio: 1:3
🔑 Key Takeaways 🔑
1. Measured Move Complete.
2. Price near Resistance Zone. Wait for More Price Action.
3. Teacup and Handle Pattern Playing out?
4. Long Setup, Wait for Bounce at 30EMA or Break of Resistance.
5. RSI at 60.00 and above the Moving Average. Bias to Long.
⚠️ 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!
TWO entry (LINK)❤️❤️Thanks for boosting 🚀 and supporting us!
📈
1- I if break resistance = Entry trigger or buy stop.
2- back to break trendline = limit buy.
🔗 For more communication with us, In the footnote and send a message in TradingView.
👨🎓 Experience and Education: Our trading team has five years of experience in financial markets, especially cryptocurrencies.
LINK → Moon or Doom? This Analysis Provides Some Clear Answers.Chainlink slammed into the Resistance Zone after a beautifully executed measured move up. We're now in a minor pullback hovering just below resistance. Should we enter a trade here?
How do we trade this?
This is not the right moment to enter a trade. The price action screams bullish; A measured move up, showing support on the 30EMA, RSI around 50.00 with plenty of room to go up. But we're right at the resistance zone and without a clear signal that we're going to break out, it's too risky to long.
Likewise, we don't have a sell signal or any price action indicating that we're going to reverse. Bitcoin as a leading indicator is struggling to break its Weekly Resistance which could impact Chainlink's price action. Until we have a clear signal either way, we should remain on the sidelines. Here are a couple of potential trade ideas if the price breaks in either direction.
Trade Ideas
Long Entry : $19.12
Stop Loss: $16.92
Take Profit: $23.53
Risk/Reward Ratio: 1:2
Short Entry : $12.90
Stop Loss: $15.10
Take Profit: $8.49
Risk/Reward Ratio: 1:2
Key Takeaways
1. Measured Move Complete. Pullback in Progress.
2. Price near Resistance Zone. Wait for More Price Action.
3. Short Setup, Wait for Bear Signal Bar and Confirmation.
4. Long Setup, Wait for Break of Resistance Zone.
5. RSI near 58.00 and below Moving Average. Bias to Short.
You are solely responsible for your trades, trade at your own risk!
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LINKUSDT.4HBased on the given market data for LINK/USDT:
The current price of LINK is $14.159. The Relative Strength Index (RSI) for 4 hours, 1 day, and 7 days are 53.75, 60.07, and 81.16 respectively. An RSI above 70 usually indicates that the asset may be overbought and due for a price correction, while an RSI below 30 suggests the asset may be oversold and due for a price rise. Here, the 7-day RSI suggests that LINK is currently in the overbought territory.
The Moving Average Convergence Divergence (MACD) for 4 hours, 1 day, and 7 days are -0.079, 1.082, and 1.559 respectively. The MACD being above zero on the 1 day and 7 days charts suggests a bullish trend, but the 4-hour MACD being below zero could indicate a potential short-term bearish reversal.
The Bollinger Bands (BB) for 4 hours, 1 day, and 7 days are 14.547, 16.784, and 14.158 respectively. The current price is closer to the lower band on the 4-hour and 1-day charts, suggesting a potential upward price movement in the short term.
The support and resistance levels are also provided. The immediate resistance for LINK on the 4-hour, 1-day, and 7-day charts are $14.491, $15.554, and $21.09 respectively. On the support side, we have $13.780, $13.180, and $8.706 respectively for the 4-hour, 1-day, and 7-day charts.
In conclusion, the technical indicators suggest a mixed sentiment for LINK. The 7-day RSI suggests it is overbought, but the 1-day and 7-day MACD suggest a bullish trend. The Bollinger Bands also suggest a potential upward price movement. However, it's important to keep in mind that these technical indicators do not guarantee future price movements and should be used alongside other forms of analysis and market news. Always invest responsibly and consider your risk tolerance.