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LINKUSDT

LINK - It is timeLink has been consolidating in the same tight zone for 330 days. After that long period of accumulation, I predict the move up will probably be large and sustained for at least 2-3 big legs up. The problem is that we've had 3 fake-outs where price closed above $8.5 and then dumped hard right after. With that in mind, I plan on buying the next time LINK closes above 8.5 and cutting my losses if I see it close back below the support/resistance (S/R) zone highlighted in red, meaning below $8. If the breakout is real, a I think and hope it is, then I intend to take profits between $19-20, and keeping the rest for the possibility that LINK becomes a beartime runner again, like last time.
BINANCE:LINKUSDLong
by fritzz
9
LINK: Channel UpChainLink (LINK) technical analysis: Trade setup : Price is trading in a Channel Up pattern. Swing traders can trade the channel (Enter near support, Exit near resistance channel trendline). Pattern : Price is trading in a Channel Up pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Trend : Downtrend on Short- and Medium-Term basis and Uptrend on Long-Term basis. Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45). Support and Resistance : Nearest Support Zone is $7.00, which it broke, then $6.00. The nearest Resistance Zone is $8.50, then $9.50.
Long
by altFINS
BTCUSDT DailyHi guys ,Hope you well. If you have followed my previous analyzes in the past, the market moved according to my mentality. I expect that in the future, according to the new chart, we will first reach the demand area in the range of 25,000, then move towards the 40,000 range with an accelerated movement. Glassnode data and movements of Bitcoin whales are almost in the same direction. SecondChanceCrypto ⏰08/May/23 ⛔️(DYOR) always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comment.
Long
by Secondchancecrypto
LINK: smooth movesAnother relatively calm week for LINK, however, this time the market was more oriented toward the downside. The price of LINK was moving in a range between $7.2 and $6.8, finishing the week modestly below $7.0 support, which has been tested during the whole week. LINK was following general market sentiment, however, managed to sustain the price around level of $7.0 which is positive for this coin. RSI is showing the potential for the price to move further to the downside. The indicator was moving below level of 50 during the last two weeks, reaching the level of 45 as of the week-end. MA50 and MA200 continue to move as two parallel lines, not providing much indication whether potential cross is in prospectus or not. LINK is clearly in a reversal mood, and must finish the cycle, before it starts again its road to the upside. Support line at $7.0 will be tested at the beginning of the week ahead. In case that it is clearly breached, the next support line stands at $6.5. On the opposite side, there is no indication that $7.5 could be tested. Instead, the coin might just shortly reach $7.3 before it reverts back to $7.0 and below.
COINBASE:LINKUSD
by XBTFX
LINKUSDTHow do you do Cryptolovers, *Mars Signals Team wishes you high profits* This is a one-day-time frame analysis for LINKUSDT R2 and R1 on the top of this chart are the resistance areas which represent the disability of the price to rise. And we have S1 and S2 that are our support areas that demonstrate the support of price at various points. As it is seen in the chart, the price was able to be supported well at S2 after it was rejected at R1 and after facing some triumphs in order to rise, it was repeatedly unsuccessful to rise more and ultimately it lost the support at R2 area and had a fall down to S1 via two Marubozu Candles. Therefore, we have the price fluctuating in this area and we believe it would resume its fall and after touching the bottom of S1 area, more rise is waiting for it to reach higher amounts including R1 and R2 (which are proper points for saving profits). If the price loses the support and falls downward and below S1, more fall is probable at that time. It is better to activate your stop-loss point and check every detail and information before putting your trade orders and then wait for a proper time to have your next actions. In case you are looking for wise trades and less risky ones, our suggestion will be following our regular updates all the time. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
Long
by MarsSignals
Chainlink (LINK) WCA - Classic Rectangle PatternHello and thank you for taking the time to read my post. Today, we analyze the Chainlink (LINK) chart on the weekly scale, focusing on a classic price pattern called the "Rectangle Pattern." Classic Rectangle Pattern : The classic rectangle pattern is a chart pattern formed when the price of an asset moves between two parallel horizontal lines—representing support and resistance levels—over a period of time. In essence, it reflects a consolidation phase where the market is undecided about the direction of the trend. To confirm the validity of this pattern, you typically need a minimum of two touching points at both the support and resistance levels. However, more experienced traders prefer to see at least three touching points on each level, as it increases the reliability of the pattern. Remember, this is just a brief introduction to the technical aspects of the classic rectangle pattern. As you delve deeper into this topic, you'll discover more nuances and practical applications that can enhance your trading strategies. Additional Analysis : Chainlink serves as a perfect example of the classic rectangle pattern. We have a clear upper horizontal line at 9.475 and a lower horizontal line at 5.534, between which the price moves. The price has remained stable within this range for 357 days, equivalent to 11.737 months. This information is valuable because the longer an asset stays within a range, the more volatile the subsequent breakout will be. Additionally, we see several touch points marked in orange, further validating the pattern. A blue diagonal resistance line demonstrates the general trend, which is currently directed downwards. The price is currently below the 200 EMA, which is another indication to watch rather than actively look for long positions. This suggests a cautious approach for traders, as the market is still showing signs of weakness. Once we have a breakout from this rectangle, it could be swift and accompanied by significant volatility. As always, we cannot know when the price will break out of this nicely defined zone, but we have a good idea for the future and will be less surprised when we see a breakout, no matter in what direction. Traders should closely monitor the support and resistance levels, as well as the general trend, to be better prepared for any potential price action. Conclusion : The Chainlink (LINK) weekly chart showcases a classic Rectangle Pattern, reflecting a consolidation phase in the market. By closely monitoring the support and resistance levels, as well as the general trend, traders can be better prepared for any potential price action in the future. As always, it's essential to consider risk management and proper position sizing when trading based on chart patterns. Please note that this analysis is not financial advice. Always do your own due diligence when investing or trading. If you found this analysis helpful, please like, share, and follow for more updates. Happy trading! Best regards, Karim Subhieh
by KarimSubhieh
LINK: potential for $7.5After a reversal from the level of $8.7, reached two weeks ago, and a move back to $7.0 support, LINK started a new cycle, all over again. Previous week was a relatively calm one, where the coin was moving in a short range, between levels of $7.0 up to $7.3. Highest and lowest levels during the week were $6.8 and $7.5. Still, during the previous week, investors were more preoccupied with developments over First Republic Bank, so altcoins were out of scope. In this sense, LINK could not perform better than it actually did during the week. RSI continues to move below the level of 50, indicating that the market is still more oriented toward the oversold side. At the same time, MA50 started to modestly diverge from MA200, but still, it is still unclear whether there is any kind of potential cross in the coming period. Second week in a row LINK will start by testing the $7.0 support line. There is currently an equal number of buying and selling orders, which implies on potential that $7.0 might hold. At the same time, charts are also pointing that $7.5 short term resistance might be tested in the week ahead.
COINBASE:LINKUSD
by XBTFX
LINK: LAST Month to ACCUMULATE💰BINANCE:LINKUSDT Hi Traders, Investors and Speculators of the Charts 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. LINKUSDT has been in a typical Wyckoff Method consolidation phase. Looking at previous fractals, wee see that Chainlink often goes parabolic during the months of June / July. This is right around the corner! Even should it not happen that way this time around, LINKUSDT has establishes a clear bottom and will most likely only go upwards from here. To confirm this bias, we take a look at the Technical Indicator CryptoCheck START v3.5 and see a buy signal flashing on the weekly (which is bullish on such a high timeframe) : Since you're here ! Check out this idea on BTCUSDT : _______________________ 📢 Show us some LOVE 🧡 Follow for daily updates and trade ideas on Crypto , Stocks , Forex and Commodities 💎 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
32