Get started
3X Long Chainlink Token3X Long Chainlink Token3X Long Chainlink Token
DelistedDelistedDelisted

3X Long Chainlink Token

No trades
See on Supercharts
Overview News
Ideas
Discussions Markets

LINKBULLUSD trade ideas

CHAINLINK NEW ALL TIME HIGH IN 2024?I've identified a bullish megaphone pattern forming on the weekly BIST:LINK chart 📈. This technical pattern is characterized by expanding price swings and higher highs paired with lower lows, indicating increasing volatility. What does this mean? A bullish megaphone pattern suggests a potential breakout to the upside. As the price consolidates within this widening range, the market could be gearing up for a significant upward move. 🔍 Key Points to Watch: Higher Highs & Lower Lows: The expanding range signifies growing investor interest and potential for higher volatility. Breakout Potential: Keep an eye on the upper trendline. A breakout above this resistance could signal a strong bullish move. Volume: Watch for an increase in trading volume, which often accompanies breakouts. As always, make sure to do your own research and consider your risk tolerance before making any trading decisions. This pattern is just one piece of the puzzle in technical analysis, but it’s definitely one to keep on your radar. Stay informed, stay profitable! 💹 #Chainlink #LINK #Crypto #BullishMegaphone #TechnicalAnalysis #CryptoTrading
COINBASE:LINKUSDLong
by Coin_Blast
LINKUSD: Rallying Back to $20 | 72.73% Confidence!COINBASE:LINKUSD has been drawing a lot of attention in the crypto space in the past few days. It experienced a significant drop in price (-47%), but now it's starting to show signs of a potential rebound and might be heading bullish again. Here's the breakdown: COINBASE:LINKUSD price took a major hit over the past 2-3 months and has been consolidating since. According to my Free Probability Indicator , There's a 72.73% chance it could climb back over $20, which is pretty much encouraging! This price drop might actually be beneficial as it presents a great opportunity to buy LINK at a lower price. If you're thinking about trading LINK, here's what you should consider: Entry: Wait for clear signs that the price is going up again, like huge up-move candle showing strong positive movements on the daily chart. Once you're confident the trend is changing, consider buying LINK. I'm currently looking at the 4H Equilibrium to get positioned. Exit: To protect yourself from drawdowns, consider setting a "trailing stop-loss." This will automatically trigger a sell order if the price starts dropping again after you buy, securing your running profits. Risk Management: Ensure you're not risking more money than you can afford to lose. Only invest what you're comfortable with and consider how much you're willing to lose if things don't go as planned. This isn't financial advice, just some insights to help you make informed decisions. Always do your own research before investing in anything.
COINBASE:LINKUSDLong
by Fractalyst
Chainlink Breaks Through: Trading Volume Fuel 9% SurgeChainlink (LINK), a prominent player in the decentralized oracle network (DON) space, has defied the broader cryptocurrency market trend with a significant price increase. On May 25, 2024, LINK surged by an impressive 9%, surpassing the $17.50 mark for the first time in six weeks (as reported by Will Izuchukwu). This positive movement comes amidst a period of relative stagnation in the overall cryptocurrency market. Analysts attribute this rally to a confluence of factors, with two key drivers emerging: 1. Increased Trading Volume: A significant surge in trading volume often precedes or coincides with price increases. In Chainlink's case, trading volume over the past 24 hours has jumped by a staggering 78%. This heightened activity suggests renewed investor interest in LINK, potentially fueled by optimism surrounding the project's future or short-term trading strategies. 2. Positive On-Chain Metrics: Beyond trading volume, on-chain metrics provide valuable insights into the health and activity of a blockchain network. While the specific on-chain metrics influencing LINK's price increase remain unreported in the provided excerpt, a positive trend in these metrics could indicate: • Increased Use of Chainlink Network: A rise in the number of active users or transactions processed on the Chainlink network suggests growing adoption and demand for its oracle services. This would be a positive indicator for the project's long-term viability. • Active Development: On-chain metrics can also track development activity on the network. An increase in such activity suggests the Chainlink team is actively working on improvements and new features, potentially leading to future growth. Possible Explanations for the Rise While the specific details behind this surge are unknown, here are some potential explanations to consider: • Market Speculation: The broader cryptocurrency market has been experiencing a period of consolidation following recent volatility. Some investors might be seeking opportunities in undervalued projects, potentially leading to increased buying pressure for LINK. • Positive News or Developments: News of partnerships, integrations, or upcoming protocol upgrades for Chainlink could have sparked investor interest and buying activity. • Technical Analysis: Technical analysts who study historical price charts and trading patterns might have identified bullish signals for LINK, leading to increased buying from this group of investors. Looking Ahead: Can Chainlink Sustain the Momentum? Whether Chainlink can sustain this momentum remains to be seen. The cryptocurrency market is notoriously volatile, and short-term price movements can be difficult to predict. However, the factors driving this surge - increased trading volume and potentially positive on-chain metrics - paint a cautiously optimistic picture. For long-term investors, the key will be to monitor future developments within the Chainlink ecosystem. Continued growth in network adoption, active development from the team, and positive news flow can all contribute to the project's long-term success and potentially lead to further price appreciation for LINK. Conclusion Chainlink's recent price increase signifies a positive development for the project in an otherwise stagnant market. Increased trading volume and potentially positive on-chain metrics are encouraging signs. However, sustained growth will depend on the project's ability to continue delivering value and attracting users to its decentralized oracle network.
COINBASE:LINKUSDLong
by bryandowningqln
Chainlink Set to Skyrocket: Is $22 Just the Beginning? The current price of Chainlink is fluctuating between $16.83 and $16.94, showing a significant bullish momentum over the past week with a performance gain of approximately 27.37%. The technical indicators reveal a strong upward trend with the price pushing through key moving averages and maintaining a bullish stance. The RSI is currently at 67.65, suggesting that the asset is approaching overbought territory but is not yet overextended. This indicates room for further price increases before potential corrective actions. The Stochastic %K is also high at 91.29, reinforcing the RSI's stance but cautioning for potential short-term corrections. The CCI is notably high at 214.61, which generally signals an overbought condition and a potential pullback. However, the strong momentum and MACD levels suggest sustained bullish sentiment. The EMA and SMA values across different periods all indicate a buy signal, reinforcing the ongoing bullish trend. Price Targets Immediate Resistance (R1): $17.62 Secondary Resistance (R2): $22.10 Immediate Support (S1): $14.78 Secondary Support (S2): $10.30 Given the current bullish momentum and the indicators' positions, a speculative price target within the next week could be $17.62, aligning with the immediate resistance level. If the bullish momentum continues unabated, a medium-term target could extend towards $22.10. Conversely, if a correction occurs, the price might pull back to the $14.78 support level. Trading Strategy Long Position: Consider entering a long position at current levels ($16.83 - $16.94) with a target price of $17.62. Place a stop loss just below the $14.78 support level to mitigate potential losses. Short Position: If the price fails to break above the $17.62 resistance and shows signs of reversal, a short position could be considered with a target price of $14.78. Place a stop loss slightly above $17.62 to prevent excessive losses in case of a bullish breakout. Conclusion Chainlink exhibits strong bullish momentum supported by favorable technical indicators. Traders should remain vigilant for any signs of reversal near the resistance levels and consider both long and short positions based on price action around these key levels. The overall sentiment remains positive with the potential for further upside gains in the short to medium term.
CRYPTO:LINKUSDLong
by AxiomEx
7
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
Chainlink's CCIP: Buy the Rumor, Sell the NewsPotential summer slowdown There's been a noticeable uptick in criticism towards Chainlink on X, with the prevailing narrative questioning the necessity of the BIST:LINK token. I anticipate downward pressure on BIST:LINK due to Bitcoin's influence, potentially exacerbated by the voices of skeptics, who will cite CCIP GA as a failure. While this may lead to a dip in sentiment and price, it could also present better opportunities for investment. On the chart, a nice head and shoulders with declining volume, as well as resistance from the Bull Market Support Band and the previous trendline starting in early March.
BINANCE:LINKUSDShort
by BikBookly
21
Five year view on LinkLink was one of the darlings of the last bull run. It’s story includes crazy volatility, stories of “Link Marines” blowing out Zues Capital out after its short and distort narrative fell apart. I suspect Link will once again be a darling of this new bull cycle. cointelegraph.com Analysis The meat of the idea is from the main chart. We have hidden bullish divergence on the log MACD as well as the RSI. Hidden bullish divergence suggest a uptrend will continue. There is a higher low on the price but a lower low on the indicator. The green arrows show that very clearly. The RSI getting to above 70 can signal overbought on a time frame but it can also signal that the bulls are in control of the price action. The log MACD is above zero once again. Both are very bullish indications that momentum is shifting fully bullish. I favor using two Keltner channels, one set with the ATR at 1 and one set at 2. It helps be visualize when price is in between and make some conclusions. In order to “break” a weekly Keltner channel we need months if not years of price action creating a formation we can play. I am just going to keep it as simple as possible. Link had a Elliot wave impulse and has completed its ABC correction. That is the structure we need to break the Keltner channel and push it upward. The chart below shows that twice link lost over 60% of its value when it corrected. So there are going to be discounts on the way back up. These relative bear markets lasted several hundred days and that can really weaken people’s hands. Since we are using elliot wave the primary targeting technique I am using is major fib extension levels. I have only shown a couple on the main chart for simplicity but I expect action at almost all major fib lines. Stalls, retraces, all the normal drama. Looking to buy the lower half of the Keltner channels seemed to have worked out for long term investors between 2018 and 2021. It was only when we put in the lower high at point B that strategy meant you were out of the money for a long time. My plan I plan on having Link be a major holding going forward. I plan on watching some tokens against Link (sol, xmr, ftm, etc) and trying to do some rotations or buying the alts when they have bullishness against link. In the long run I hope to pull close to 200x out of link with no margin.
BINANCE:LINKUSDLong
by This_Guhy
58
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 What Now?Is this move a surprise not really if you been following my Chainlink ideas. Published in February warning traders that giant rising wedge had formed and the target of that wedge is back to the top of the massive range at 8-10 dollars. March 18th we got a bearish cross the MACD , this was another signal of things to come. On the LINK/BTC we can see that we hit the exact bottom of June 2023 lows when Chainlink hit 5 dollars and completed its wave 5. We also have this very important date coming up with LINK , which is April 22nd 2024 or more like the week instead a specific day. This Fib time sequence has predicted Chainlink event for years with 100% succuss rate , check it out below We once again get to see if proves to show us something of value. On the Main chart above you can see this time fib sequence once again showing pivot points on the weekly , showed us all time high , June 2023 low , I mean simply amazing sequence here apart from 3.618 in grey you can see failed to produce anything special. Even though the target for the rising wedge is 9-10 dollars I would link to see LINK hold the 1/1 Gann Fann right now its sitting right on it so we don't want to see a close under that would be pretty bad to close under the 1/1 again.
COINBASE:LINKUSD
by Sporia
4
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
6
Chainlink Finally Retreats: A Technical AnalysisIntroduction: After prolonged sideways movement throughout the bear market, Chainlink ( COINBASE:LINKUSD ) experienced a notable surge, rallying from $4.8 to a peak of $22.9. This rally included extended periods of lateral trading, eventually reaching a critical resistance at the 4.618 Fibonacci extension level. Such a vigorous move typically warrants a period of consolidation or retracement, which appears to be occurring now, as evidenced by a sharp drop with a $4 candle observed today. Current Market Overview: The recent performance of Bitcoin ( INDEX:BTCUSD ) suggests a strategy of liquidating long positions followed by short positions, potentially targeting a brief spike to $72,000 before resuming a downward trend to $58000. This macro environment is crucial for understanding potential influences on altcoins like Chainlink. Chainlink’s Price Action Analysis: Chainlink’s recent rally hit a peak at the 4.618 Fibonacci extension, a common reversal point for assets after a strong bull run. This level has historically acted as a strong resistance zone, prompting profit-taking and a subsequent decrease in price pressure. The current retracement is not unexpected; after the exhaustion of a steep ascent, a correction phase often follows. The recent sharp drop in price could indicate an accelerated correction phase, possibly influenced by broader market conditions tied to Bitcoin's movements. Chainlink's price trajectory suggests it may be moving to complete wave B of its corrective pattern above $20, before potentially settling into a more substantial correction phase. Forecast and Strategy: Given the Fibonacci retracement levels and the current market dynamics, Chainlink could find its next support within the 'Golden Pocket,' the zone between the 0.618 and 0.65 Fibonacci retracement levels. This would place Chainlink's price in the $11-$12 range, representing an ideal target for the end of its correction phase. Traders should monitor Bitcoin's movements closely, as any significant fluctuations could have cascading effects on altcoins, including Chainlink. Establishing positions near the support levels, particularly around the $11-$12 range, could offer substantial opportunities for accumulation, with set stop-loss orders to manage risk effectively. Conclusion: Chainlink's market behavior demonstrates a classic cycle of rally and correction influenced by its Fibonacci levels. The projected continuation of this pattern suggests a buying opportunity may arise as the asset reaches its next major support zone. Traders and investors should stay attuned to both Chainlink's price movements and the broader market trends, as these will be crucial in determining the optimal points for entry and exit. Key Takeaways: - Chainlink reached a major resistance at the 4.618 Fibonacci level, prompting a correction. - The $11-$12 price target in the Golden Pocket offers a potential accumulation point. - Bitcoin’s market movements remain a significant influence and must be monitored for correlated impacts on Chainlink. - Establishing buy positions near support levels with appropriate risk management strategies is advisable.
COINBASE:LINKUSDShort
by ChartScope