Get started

LINKUSD

Link bullish or bearish - A technical analysis Support Levels: $12.09: A key support level currently holding the price. $11.06: Another potential support level below $12.09. $8.40: Further support if the price breaks below $11.06. $5.13: Major historical support level. Resistance Levels: $27.36: Immediate resistance. $37.05: Next significant resistance level. Trendlines: -The chart shows an upward trending channel with support and resistance lines indicating a long-term bullish trend. -The price recently bounced off the lower support trendline and is moving towards the resistance trendline. The most recent monthly candlestick is bullish, indicating positive price movement and suggesting a potential continuation of the upward trend. The Stochastic RSI at the bottom of the chart is in the overbought territory, which could suggest a potential short-term pullback or consolidation. Bullish Scenario: If the price maintains above the $12.09 support level, it is likely to retest the $27.36 resistance level. A break above $27.36 could lead to further upside towards $37.05. Bearish Scenario: If the price fails to hold the $12.09 support level, it may find the next support around $11.06. A break below $11.06 could lead to a drop towards $8.40 or even $5.13.
CRYPTO:LINKUSD
by Z4F4R
Trading Signal For LINKUSDT Chainlink Trading Setup: A Trading Signal is seen in the LINKUSDT Chainlink Traders can open their Sell Trades NOW ⬇️ Sell now or sell on 15.09 ⭕️SL @ 15.77 🔵TP1 @ 13.00 🔵TP2 @ 11.66 🔵TP3 @ 10.40 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with your likes 👍 and comments .
Short
by pullbacksignal
9
Chainlink (LINK): Oversold and Undervalued. Surge to $37+Finally, after a long wait, we got filled on Chainlink, and we entered at $12.93. This is our entry point. The entry is holding up quite well and solid so far. We still see strength in Chainlink and we do not believe that our large stop-loss will be triggered. Also, for the first time since May 2022, the RSI has fallen into the oversold area, which is another sign of how strongly Chainlink has been sold off. We are holding on to this and still expect an increase to at least $37.45, probably even to $47.45.
CRYPTO:LINKUSDLong
by freeguy_by_wmc
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
Chainlink : Rocket Launch or Freefall?Looking at Chainlink on the daily chart, we've noted the development of a 5-wave structure from a low at $5, culminating in a Wave 1. This wave is projected to range between $20.3 and $25, currently aligning well with the $20.3 mark. Following this, we anticipate a retracement towards Wave 2, which is expected to fall between 50 and 78.6% retracement, landing somewhere between $12.87 and $8.4. Zooming into the 4-hour chart provides a clearer view, suggesting that Waves 3 and 4, particularly Wave 3, have likely concluded. We're now observing Wave 5, which appears poised for a slight upward trajectory, an action that might seem minor on the broader chart. However, on this more detailed chart, we predict an ascent up to a maximum of $22.46, though, as indicated by our analysis on the daily chart, a push up to approximately $25 is also within the realm of possibility.
CRYPTO:LINKUSDLong
by stromm_by_wmc
6
LINK can ascend further!Hi. BINANCE:LINKUSDT ✅Today, I want to analyze LINK for you in a Weekly time frame so that we can have a Short-term view of LINK regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). LINK is testing the s/r zone right now on weekly timeframe🧐 Bullish if breaks above the one... ✅ Due to the Ascending structure of the chart... 🟢 High potential areas are clear in the chart. 🟢 S&R ZONE Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
2
LINK firming up v BTC. Can it form a right shoulder?...Can it bust through the neckline with strength All unknown of course There are no guarantees in speculating you have to be down with OPP O = Opportunity , can you spot the opportunity P = Possibility --- what are the possible outcomes P = Probabilities *** what percent chance do you assign to that possibility Easy right ? ;) But at least spotting things early can help you get positioned before things start moving to fast That is the key y You want to be positioned before the move right .. sounds obvious aka don't chase So let's see in Chainlink start over performing v BTC again It did 2.4X v once already ..
Long
by BallaJi
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-
It is EASY to make money.Hi, With the recent plunge in Bitcoin and altcoins, many of you may have been worried, and some of you may already be celebrating the recent rebound. However, do not let your emotions take control over your trading account. Market sentiment is a reflection of the individual psychology of each of us. And as history has shown, those who hold on win. Hold on to your FOMO, hold on to your FEAR. Below is a chart of SOL, which shows a huge move higher this cycle, AVAX, which is chasing it, DOGE, which has now broken above its consolidation zone, and FIL, which is still not out of the consolidation zone. You can also find many examples of these asset cycles in the stock market. Here are some ideas. 🍀☢️ Conquer your FEAR and FOMO, and you WILL earn money. 1PERCENT
Long
by RVD_1PERCENT