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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LINKUSD
Split buying range: Around the 12.840-15.866 rangeHello traders!
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(TradingView LINKUSD 1M Chart)
The important zones for the current price position are 13.49 and 24.02.
(1W chart)
The important area for the current price position is 19.36.
(1D chart)
The important zones for the current price position are 13.83 and 19.50.
Summarizing the important sections above,
1. 13.49-13.83;
2. 19.36-19.50;
3. 24.02
This applies to sections 1-3 above.
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(Binance LINKUSDT 1M Chart)
HA-High indicator: 23.976
(1W chart)
HA-High indicator: 19.340
HA-Low indicator: 6.698
(1D chart)
HA-High indicator: 19.479
HA-Low indicator: 13.795
The HA-Low indicator on the 1D chart is formed at the 13.795 point, so if the price holds above this point, an upward trend is likely.
However, in order to continue the upward trend, the price must rise above the HA-High indicator on the 1D chart, so the price must be maintained by rising above 19.479, which is the current HA-High indicator point on the 1D chart.
If the price rises above the HA-High indicator on the 1W chart or the HA-High indicator on the 1M chart and maintains the price, a full-fledged upward trend is expected to begin.
Accordingly, looking at the current HA-High indicator position, the last time to buy is when it shows support in the 19.340-23.976 range.
In order to buy when supported near the HA-High indicator, you must make a split purchase near the HA-Low indicator.
Otherwise, it is not easy to buy near the HA-High indicator.
The reason is that the HA-High indicator is an indicator that is formed at the highest point.
Therefore, even if you confirm support at the high point, you may not be able to purchase it in the end because you are likely to feel psychologically burdened.
Currently, the box section of the HA-Low indicator on the 1D chart is formed over the 12.840-15.866 section.
Therefore, you should make split purchases when you see support around the 12.840-15.866 range.
The stop loss point for this purchase is when it falls below 12.840 and shows resistance.
Have a good time.
thank you
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are points that are likely to encounter resistance in the future.
We need to see if we can break through these points upward.
Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched.
#BTCUSD 1M
If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern.
1st: 43833.05
2nd: 32992.55
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$LINKUSDT TO HOLD 15.5 FOR UPSIDEKUCOIN:LINKUSDT
Ignition of Triple Bottom holding well at 16 level, a cooling off with a retest to 15.5 would be quite bullish to target 23 zone for about 37%. LTF on 4h or 1h could provide entry ideas at AOV especially a build up indicating appetite for a move higher. But always have a plan in case the character of price changes and you would look for an AOV entry at 11.5-12.7.
When planning moves we must consider the possibility of failure and you must manage risk and remember that CRYPTOCAP:BTC rules the show. CRYPTOCAP:BTC sitting in a Bull Flag but price is in the pattern until it isn't so in the event of a pullback, we would look for a discounted entry on $LINKUSDT.
If you liked this idea or if you have your own opinion about it, write in the comments.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
AOV - Area of Value
LTF - Lower Time Frame
#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
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.
LINK: buy in mid-term📊Analysis by AhmadArz:
🔍Entry: 12.77 - 12.55
🛑Stop Loss: 12.28
🎯Take Profit: 13.24 - 13.65 - 14.11
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
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Link, Keeping It Stupid SimpleIf you find this information inspiring/helpful, please consider a boost and follow!
NASDAQ:LINK update 🧵
Went deeper than expected...🤔
But it's making it simple for me.
IF
gives a bounce out of the GZ,
breaks 14.361 impulsively, or higher,
Then
I will consider a long at some degree, on a retrace back to one of these level with confluence.
Till then, 5s down and correction sideways at this degree.
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.
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 : 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 $25 is also within the realm of possibility.
SOLUSDT In a RUSH failed to break out!SOLUSDT Price Is seamlessly targeted for 280. but if only this is a bull trap, personally I got everything on Solana and Solana Echosystem although the price back off a little bit I'm still strongly bullish (maybe I got mental problems facing the truth)
But as an investment if it breaks the channel to 160 , I would insist to keep my investment 95$ a share. Blah blah blah
wish good trades !!!
#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
LINK still looks bullishFrom where we entered "start" on the chart, it seems that LINK has started a bullish diametric, which is now in the middle of the D wave.
The green area is a low-risk area for buy/long positions.
By hitting the green range, we expect wave E to start
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
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.
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✅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!!