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LINKUSDT

Chainlink's Breakout Ballet?Unveiling a potential crescendo, Chainlink (LINK) pirouettes around a bullish narrative on the crypto stage this October 5, 2023. The meticulous choreography of a 'cup and handle' formation on the daily chart hints at a grand leap awaiting at $7.79. As LINK twirls at $7.732, marking a 4% ascent in the last 24 hours, the spotlight sharpens on the breakout threshold. The market orchestra tunes to a bullish melody as the technical indicators harmonize with LINK's dance. The golden crossover between the 50 and 200-day Exponential Moving Averages casts a hopeful spotlight, while the Directional Movement Index (DMI) echoes a strong momentum despite a minor quiver. In this performance, the high and low notes are marked by: - Resistance Levels: $7.79, $10.00, $12.75 - Support Levels: $6.97, $5.85, $5.66 Amidst a chorus of mixed sentiment, with a Fear & Greed Index score of around 50, the audience holds a breath of cautious optimism. As the curtains of the market drama flutter, will LINK soar in a bullish ballet towards $12.75, or tumble to the bearish depths of $5.66? The baton trembles at $7.79, awaiting to cue LINK's next act in this market theatre, with eyes glued to the unfolding narrative and ears tuned to the market's rhythm, the breakout at $7.79 could be the opening act of a bullish symphony or a bearish dirge.
by MonoCoinSignal
12
LINK/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this LINK/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- chainlink (LINK) was also in the green rising to a multi-week high of its own. After falling to a low of 7.26 LINK/USD surged to an intraday high of 7.82 during today’s session. today’s peak pushed the cryptocurrency to its highest level since August 9. the rise occurred as price strength moved past a resistance level of 67.00, with a current reading of 67.22. LINK bulls are now likely looking to hit a ceiling of 8.00, as the 10-day (red) moving average maintains a recent uptrend. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
Long
by CryptoSanders9563
LINK/USDT possible scenarios what next?👀 LINK Today Analysis💎 Paradisers, let's delve into #LINKUSDT, which currently presents two distinct trading scenarios within a tight structure. 💎 Currently, #LINK has been rejected from a daily resistance level for the third time, making it likely to retest its support level, potentially dropping by -8.95%. 💎 The support level at 5.779 of #ChainLink serves as a key reversal zone. Should the price retest this level, a bullish move is expected. However, if the support level is breached, consider a short entry. Your take-profit (TP) should be set slightly above the invalidation level. 💎 In both scenarios, it's advisable to set your stop-loss at approximately 1.75% of your margin to safeguard your portfolio. Keep your charts updated and Stay one step ahead of the market 🌴
by MyCryptoParadise_Simon
1
LINK: About to reach a year-long resistanceIn this chart, BINANCE:LINKUSDT is inching closer to a critical level wherein the coin is about to touch a year-long resistance line dating back to June 2022. The highlights shown are the instances of the price breakout rejection, making it the strongest resistance for the year. In my view, a breakout is possible if we see a candle confirmation along with a good buy volume and other indicators continue showing bullishness of the coin. What should we do then if it breaks out? Identify your nearest support. I would do the process by backtesting as well as plotting retracements, and presented in horizontal lines are the potential resistance lines based on mentioned processes, a given of which is the Fibonacci retracement of .382 level from its all-time high (ATH) to its low level of approximate $7.60. On the other hand, a rejection could happen based on the RSI being near the overbought territory, an indication of potential selling. For visual reference, check the vertical line on the July 2022 price. Should you trade this coin now? You could do a scalp if you have the setup, scalp long for me since the trend is still upwards. For intraday traders like me, I would wait until it hits on the resistance line or common support breakdown. Always have a plan whenever trading by identifying our take profit areas and stop loss. Happy trading!
by luigi360swirl
LINK RANGE BOUND - BUT FOR HOW LONG?Have been monitoring link in this range for some months...the weekly range is clear as day. WEEKLY weekly price action is showing that the upper key area (red) is being rinsed out... everytime a wick moves into this area it is sold off. Now looking at the first three times price has entered, it has produced an engulfing candle, showing strong reversal, to lower end of the range, which is around 35% move... a move to the upside of the range is around 55%. So do the math. We have also been chopping in this range and managed to push out to the downside and tag the previous high (purple) which never got tested on the way up. The Green line - 'trendmaster / E9 sTM' flashed green on the past impulse leg up, as an entry rule when this switches we enter on a retracement, we have retraced all the way down to lower end of range and hovering above the level. E9 Overwatch is neutral. DAILY So on the daily i am currently monitoring this orange fibb / accumulation zone, we can see the bottom of the weekly range (whiite line), There are buy signals (light green candles) appearing from the Overwatch MFI. Just by looking at the price action i can see on a lower timeframe there is some accumulation patterns happening. his is in and around the area for previous impulse POC area. Something else to take note of is the recent Bearish engulfing candles do make me pause for concern. Moving forward would like to see a confirmation of a nice Bullish engulfing candle on the daily chart, when this happens i will update this and we can monitor moving forwards.
Long
by TraderE9
1
CHAINLINK - Add This To Your Watchlist!Here we have the 2weekly chart of Chainlink. We can see that on a higher timeframe, we are still bullish. We have not yet completed the 5 waves. We are currently on the 4th wave which appears to be a WXY correction (breakdown: 3 waves for W, 3 waves for X and 3 waves for Y) We have almost completed wave X and anticipating wave Y soon. Once we make that final move down, we can look for buying opportunities. Expecting the bearish correction to finish above the blue structure. There is a potential for a 2000% trade coming up. Definitely one not to be missed! Goodluck and as always, trade safe!
BINANCE:LINKUSD
by WicktatorFX
1
LINK - new bull run started?Hello, everyone! Today a lot of traders making analysis on BINANCE:LINKUSDT because it has suddenly pumped against the entire market. Could this coin be already bottomed or new lows are incoming? Looking at the price structure since ATH we have the clear EW counting. Global ABC correction is represented here as a classical zigzag. Wave C in this case should has 5 waves. Minimal Awesome Oscillator value corresponds to wave 3 and current flat is the annoying wave 4. Technically bear market could be finished because we have already seen the bullish divergence and lower low, but Bitcoin in my opinion should dump and I cannot understand how altcoins can pump against it. That's why I expect another one lower low in the wave 5. 📢Smash like button and follow us to never miss an update
by Skyrexio
3
LINK: new HTF analysisMy previous TA on LINK was correct on daily timeframe but the spring hat was created wasn't enough to break the range because it was too small for a weekly/monthly BoS. As a consequence you can see LINK being in the same range after 500 days. Here you can see my new updated TA. So basically it keep being time to accumulate either link in DCA or to have a good supply of stablecoin ready to buy LINK when the range will break downward in order to create a spring which will push the price over the range and toward new highs (when bull market will be fully among us). Good luck
Long
by Shotokhan
LINK: Resistance BreakoutChainLink (LINK) technical analysis: Trade setup : Price bounced off of $6 long-term support and broke back above 200-day moving average (~$6.70), which could signal potential bullish trend reversal with upside to $8.50. Trend : Uptrend on Short-Term basis and Downtrend on Medium- and Long-Term basis. Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $6.00 (previous resistance) then $5.00. The nearest Resistance Zone is $8.50, then $9.50.
Long
by altFINS
2
LINKUSDTThis is a 1D frame analysis for LINKUSDT Analysis of the crypto market: After executing the double top pattern, the price was unable to break above the resistance line and started to decline towards our first support line. The bullish momentum from the previous day was closed, but we can see a price drop that indicates a selling pressure. If the price breaks below our second support line, we can expect a further decline to the next support zone. However, if it is able to break above the first support line and stay above it, we can say that the bearish phase is over and we can move in an upward direction. Suggestion: Those who do not want to take more risk can enter the trade after the price breaks above the resistance line.
by MarsSignals
LINK SHORT SIGNAL H4 Hello friends, In the Link cryptocurrency, we have drawn a resistance level represented by the red line, which has been penetrated by a spike candle. This allows us to consider a short position on this currency. I have identified two patterns for the continuation of Link's movement. The first one involves a pullback to higher areas, where liquidity exists. The second one occurs without a pullback, indicating a high selling pressure scenario. I suggest paying attention to the specified ranges based on your trading setup. My personal recommendation is to be patient until the trendline is touched. I would be happy to hear your opinions. Wishing you happiness, health, and success.
BINANCE:LINKUSD.PShort
by jawad369