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3X Long Chainlink Token

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LINKBULLUSD trade ideas

Chainlink (LINK) Gears Up for Potential Breakout, Targets $20Impressive 16% Surge: LINK has witnessed a notable 16% jump within six days, consistently forming bullish candles within the trading channel. Breakout Run Imminent: The current bull run hints at a potential breakout, challenging the resistance trendline. $20 Price Target: An upward breakout beyond the channel could catapult the LINK price towards the $20 mark. Chainlink's Strong Market Position: Despite a pause in Bitcoin and major altcoins, LINK demonstrates remarkable strength in its ongoing bull run. Key Developments Boosting LINK: Chainlink's advancements in Web3 and collaborations, such as with Protocol Labs and Coinbase's Base, are attracting significant attention and investment. Whale Activity Indicating Confidence: Recent whale purchases, including a notable $8 million LINK buy, signify growing confidence in Chainlink's potential. Long-Term Outlook Optimistic: Based on recent developments, LINK's valuation could soar, with predictions pointing towards $100 in the long term. Channel Pattern in Daily Chart: The medium-term sideways movement has led to the formation of a channel pattern, indicating trapped momentum waiting to be released. Supportive Trading Volume: The current rally in LINK is backed by a surge in trading volume, further solidifying the breakout potential. Technical Analysis Indicating Breakout: The formation of a strong bullish candle near the channel's upper resistance points towards a possible breakout. MACD Indicator's Bullish Signal: A bullish crossover in the MACD indicator below the zero line suggests a strong reversal and breakout potential. Potential Downside Risks: While the outlook is bullish, a reversal from the trendline could see LINK retracing to $14.5 before another attempt at a breakout.
COINBASE:LINKUSD
by Coinpedia-Market-Insight
Link Short SetupIt is high probability setup for Chainlink, currently, link is trying to break the previous day high which is at $15.08. it has to meet following condition for us to get short with link. 1. Current trendline has to be break. 2. important current support has to be break. 3. if first two condition met third condition will automatically met which is trading below today's low. 4. when above all 3 condition met, fourth and the last condition is has to below VWAP on 5mins chart frame! and then our SL will above today's high around $15.12 and target will be previous day low of the range which is $14.27. make sure condition are met before entry! if its break the previous day high from here then we are gonna wait for price action to reveal the story and then we are gonna long and our target will be previous week high of the range. thank you!
BINANCE:LINKUSD.P
by RazaKhan07
Chain-link: who’s really buying?The potential Wyckoff reaccumulation pattern on the Chainlink (LINK/USD) chart is definitely worth exploring. Let's unpack the details: Supporting the Wyckoff Reaccumulation: Price action: LINK has been trading within a defined range with multiple spring and shake phases, potentially indicating accumulation by institutional players. Volume profile: Increased volume during dips and decreased volume during rises could be a sign of buying pressure at lower levels. Bullish divergence: While the price has been consolidating, some technical indicators like RSI might be showing bullish divergence, hinting at potential upside. Cautious considerations: Confirmation: A clear break above the trading range with strong volume is needed to confirm the reaccumulation and signal potential continuation. False breakouts: Like any pattern, Wyckoff can be deceptive. False breakouts above the range followed by pullbacks are possible. Market sentiment: Broader market trends and specific news related to Chainlink could impact its price regardless of the technical pattern. Overall: The potential Wyckoff reaccumulation on the LINK/USD chart presents an interesting opportunity, but remember: Wait for confirmation: Don't jump in based solely on the pattern. Look for a decisive break above the range with strong volume for validation. Manage risk: Use stop-loss orders and maintain a diversified portfolio to mitigate potential losses. Fundamental analysis: Don't rely solely on technicals. Research Chainlink's underlying technology, adoption, and future prospects.
COINBASE:LINKUSDLong
by ParabolicP
1
✴️ ChainLink 6X Short (290% Potential | For Advanced Traders)ChainLink (LINKUSD.P) continues to move within a distribution phase, lower highs, really low volume... It's been many years since we have a distribution phase across many Altcoins, this is not yet confirmed. If prices move and close above the last high, 17.68 and continue to hit a new resistance level, instead of distribution we had consolidation. If we see a breakdown happen from this range, we have a confirmation of the distribution phase. It can go either way. ➖ Sell at resistance. ➖ Buy at support. This is not financial advice. Leveraged trading is high risk and can result in all money lost. Do your own research. We use a manual stop-loss so patience is key. Trust as well is needed if you don't understand the setup. Adjust live to market conditions if the chart setup changes. Wait patiently and the market will take care of everything. There is always a second, third and even fourth chance... In fact, the market offers endless opportunities on both sides. 👉 Up to 290% with 6X. Time expectation between 2-4 weeks for the full move to develop, can be a bit more... There is a strong support at 10.25 before reaching the lower level. 👉 The potential for this target is 195% with 6X. Thank you for reading. Feel free to comment with your thoughts and questions. You are truly appreciated for your time and continued support. Namaste.
BITMEX:LINKUSD.PShort
by AlanSantana
54
LINK price struggles for a comebackNegative Trend in Falling Channel: LINK price exhibits a bearish cycle within a falling channel pattern. Formation of Three-Black Crow Pattern: Recent price action in LINK shows a bearish three-black crow pattern, signaling potential downside. Risk of Bearish Breakdown: Potential breakdown may plummet LINK price to $12 support. Market Correction Impact: LINK's price is influenced by the broader market correction, fueling a bearish trend. Bullish Struggle at $17: Repeated failure to breach the $17 resistance level is leading to repeated price drops. Bearish Pressure at 50-Day EMA: LINK's price is testing the crucial support of the 50-day EMA. Technical Indicator - EMA: LINK's market cap at the 50-day EMA indicates a struggle for stability. MACD Indicator on Edge: The MACD nearing a bearish crossover, indicating a potential trend reversal. Bear Phase Survival Uncertain: LINK's current price movement within the bearish channel raises questions about its ability to withstand a prolonged bear phase. Possible Channel Breakdown: A breakdown from the current channel could significantly lower LINK's price. Key Support Levels to Watch: Close observation of the $12 and $17 levels is crucial for determining future price action. Reversal Possibilities: Any bullish reversal from current levels might lead to retesting overhead resistance levels.
COINBASE:LINKUSD
by Coinpedia-Market-Insight
LINKUSD (W1): Buy stop at 1.68 for this year!COINBASE:LINKUSD LINKUSD (W1) shows positive signals. With signs of slight correction after a strong price increase. We can expect a return and stronger growth of Chainlink coin. Specifically, the signs are shown as follows: The level of price increase is fast and strong: Increases nearly 200% after 12 candles or 84 days Volume increases when price is pushed up: Volume is above the 50-session average when price increases sharply Weak bearish correction: Price is always greater than the Fibonacci retracement level 0.382 So, let's set up a buy order when the price reaches 16.8. Stop loss at 13.5 and wait to see how far the market will take this currency exchange rate. Merry Christmas!
COINBASE:LINKUSDLong
by VNSmartMoney
4
Chainlink - bearish back-up scenarioAs back-up & not highly likely IMO The bearish Chainlink scenario useful to... 1 - find invalidation point as confirmation for bullish investment 2 - be prepared for sudden Crypto panic & fear mode 3 - find good levels to DCA more coins It was hard not to see the bullish outlook for Link🤣 Comments💭, Likes♥️ & Follow🔗appreciated🤗 Disclaimer: Not financial advice Do your own research before investing The content shared is for educational purposes only and is my personal opinion
BINANCE:LINKUSDShort
by Crypto4Everybody
7
Bullish Momentum Points in Chainlink Eyes $25!Recent Surge: LINK price witnesses a substantial 10.67% jump, highlighting an increase in buying pressure. Rounding Bottom Pattern: The ongoing rally in Chainlink aims to complete a rounding bottom pattern in the weekly chart, a bullish signal for potential trend reversals. Key Neckline: The neckline of the pattern is positioned at $18.38, marking a pivotal point for the bullish breakout. Breakout Potential: A successful bullish breakout could propel LINK prices toward the $25 mark. Market Dynamics: Bitcoin's recent climb to $43K boosts overall market sentiment, benefiting altcoins like Chainlink. Technical Indicators: The weekly 50 and 200 EMA indicate a golden crossover, a strong bullish signal in LINK's price chart. DMI Indicator Support: The VI lines in the DMI indicator show a bullish crossover, adding to the positive outlook. Current Trading Price: LINK trades at $17.27, showing a strong potential to challenge and surpass the $20 level. Year-to-Date Growth: LINK has seen a substantial 215% gain this year, making it one of the standout performers in the altcoin sector. Next Levels to Watch: If LINK sustains its upward trajectory, it could challenge the $20 mark and potentially approach the $23 level, aligning with the 38.20% Fibonacci retracement. Potential Reversal Risks: A reversal below the $17 mark could lead to a retest of lower support levels around $15.
COINBASE:LINKUSD
by Coinpedia-Market-Insight
1