Shall we have a look on LinkusdtWe can see that it is at 50% of the last low in Aug last year
And now he made up channel for the last downtrend in Mar 2024 and broke it up
So we can enter or add more to our wallet as long as the SL still near to the entrance
Our Goals are represented by red flags so let’s wait and see
Linklong
Will LINKUSDT Hold Key Support? Potential Breakout in the Works!Yello! Could LINKUSDT be setting up for a powerful move? Recently, #LINKUSDT faced rejection at a minor resistance level, momentarily stalling its upward momentum.
💎#LINKUSDT has recently encountered rejection at a minor resistance level, which has stalled its upward movement temporarily. However, the price is currently testing a probable support zone $12.99, showing signs of potential momentum restoration. If the price manages to hold steady at this support level and begins an upward trajectory, the likelihood of a bullish continuation increases significantly.
💎In the current setup, a break above the minor resistance level would confirm the bullish momentum. A successful break above this resistance would likely target higher levels, with the next key resistance lying further up the chart.
💎The key factor for this bullish scenario to play out is the price maintaining its support at the current level and continuing to gather strength for the move upward. As long as the price holds the support and starts moving upwards, the overall market structure remains favorable for a potential bullish breakout.
💎If the price of #linkchain fails to hold at the current support zone $12.99, we would then look for a potential bullish rebound from a lower demand area around $10. 26$.This would provide another opportunity for the bulls to step in. However, should the price break below this demand and continue downward, it could lead to a bullish invalidation, signaling a potential reversal or more bearish price action in the market.
Stay sharp, stay strategic, and always keep the bigger picture in mind.
MyCryptoParadise
iFeel the success🌴
#LINK/USDT#LINK
The price is moving in an ascending channel on the 4-hour frame upwards and is expected to continue.
We have a trend to stabilize above the moving average 100 again.
We have a downtrend on the RSI indicator that supports the rise by breaking it upwards.
We have a support area at the lower limit of the channel at a price of 10.84.
Entry price 11.33.
First target 12.00.
Second target 12.47.
Third target 12.95.
#LINK/USDT#LINK
The price is moving in a descending channel on the 1-hour frame
And it is sticking to it well
We have a bounce from the lower limit of the descending channel and we are now touching this support at a price of 10.60
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 10.80
First target 11.11
Second target 11.36
Third target 11.70
#LINK/USDT#LINK
The price is moving in a downtrend on the 4-hour frame and is about to break upwards
We have a trend to stabilize above the moving average 100
We have a downtrend on the RSI indicator that supports the rise by breaking it upwards
We have a major support area in green at a price of 9.70
The price rebounded from it
Entry price 10.00
First target 10.50
Second target 11.02
Third target 11.87
#LINK/USDT#LINK
The price is moving in a bearish channel on the 12-hour frame and adheres to it well, and the price rebounded from the lower border of the channel at the green color at the price of $13.00.
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that was broken to support the rise
Entry price is 14.30
The first target is 16.50
The second goal is 17.70
Third goal 19.56
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.
Chainlink - Wyckoff Flag w/Spring BIST:LINK
The most obvious way to view Wyckoff Schematics are through line charts.
This has been a textbook shakeout pattern, coiling on top of a multi-month long support range.
I have bought every time it has touched the previous range highs and now it looks to be compressing prior to "jumping the creek" into a vertical rise IMO.
#LINK/USDT#LINK
The price is moving in a head and shoulders pattern on the 4-hour frame and we have a green support area at the 17 level
The right shoulder has now been completed
Our RSI indicator has a trend that is about to break to the upside
Our Moving Average 100 is about to break higher
Entry price is 18.26
First target 19.00
The second goal is 20.15
Third goal 20.91
Fourth goal 21.92
LINK: for get back to base📊Analysis by AhmadArz:
🔍Entry: 18.353
🛑Stop Loss: 18.053
🎯Take Profit: 18.632-18.985
▶️We are selle if breakout that 17.946$ in support.
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀Please boost and💬 comment to share your thoughts with us!
#LINK/USDT #LINK
The price is moving in a downtrend on a 12-hour frame, within which the price is moving
We have a major support area at $17
We have a higher stability moving average of 100
We have a downtrend on the RSI that is about to break higher
Entry price is 17.60
The first goal is 18.50
The second goal is 19.45
the third goal is 20.50
February Crab Repeat, Channel drop into TriangleLink went to the all time high 36$ 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
#LINK/USDT#LINK
On the 4-hour frame, we have an ascending channel, within which the price trades and adheres to its limits to a large extent
We have strong upward momentum that the price is expected to continue rising
We also have a higher stability moving average of 100
Entry price is 15.85
The first goal is 16.35
Second goal 17.32
Third goal 18.20
LINK - Perfect Elliot's Wave Flag Bouncing On Support w/OBVBIST:LINK
Chainlink printing another beautiful flag after breaking through resistance onto now support.
The best part is while this is taking place the x-ray goggles of OBV showing us the growing bullish strength via higher highs and higher lows with bullish divergence behind the scenes.
Slowly, and then all at once 🌊👀
#LINK/USDT#LINK
It is moving in a bearish channel on a 4-hour frame, and the price has committed to the green area at the level of 19.50.
We have a higher stability moving average of 100
We have bullish momentum on the RSI
Entry price is 19.95
First goal 20.28
The second goal is 20.61
The third goal is 20.97