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LINKUSD.P trade ideas

LINKUSD reminding us of its glorious days.Chainlink (LINKUSD) smashed through our 8.000 target (and the Lower Highs) that we set on the September analysis (see chart below): The price made a 17-month High, broke above the 1W MA100 (green trend-line) for the first time since the week of February 07 2022 and has essentially welcomed the new Bull Cycle as it's now above even the Bear Cycle's Lower Highs. The last Resistance standing is the 1W MA200 (orange trend-line), currently at 13.1636. We have shifted our focus on the more long-term 1W time-frame as it allows us to compare LINK with the previous Cycle, at the time when the 1W RSI first turned overbought above 70.00 (as it has now). That was on the week of May 13 2019, on a strong 3-week rally (as currently), with the 1W MA50 (blue trend-line) turned into Support. The rally didn't stop there but instead extended up to the 2.618 Fibonacci extension. There is no reason to expect a stop before at least $18.00, which is the March 2022 High. The 2.168 Fibonacci is a little over $20.00. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:LINKUSDLong
by TradingShot
LINK Shoots 42% To Exit Bear Channel, $12 Next?Remarkable Jump: LINK price action shows a 42% increase in the last 48 hours, crossing the $10 mark. Four Bullish Candles: The LINK price has surged due to four consecutive bullish engulfing candles. Exiting Bear Channel: The bull run has exited the falling channel in the weekly chart, signaling a potential trend reversal. Bitcoin's Influence: As Bitcoin sustains above $30,000, Chainlink and other altcoins are also experiencing bullish momentum. Cup and Handle Pattern: LINK completes a bullish cup and handle pattern, further supporting the uptrend. Current Price: LINK is currently trading at $10.420 with an intraday growth of 2.17%. Technical Indicators - EMA: The 50 and 200 EMAs have formed a golden crossover in the daily chart. Technical Indicators - RSI: The RSI has entered the overbought zone, indicating strong bullish momentum. Next Milestone: The next target for LINK is the $12 mark. Golden Crossover: The weekly chart shows potential for a golden crossover, further supporting the bullish outlook. Short Pullback: A long wick formation suggests that a short pullback may be imminent. Market Sentiment: Overall market sentiment is bullish, making the $12 target increasingly likely.
COINBASE:LINKUSDLong
by Coinpedia-Market-Insight
Link breaking up from bullflag & inv H&SNot even factoring in the much larger monthly pattern link is breaking up from here and only focusing on the inv h&s and bullflag. Will be interesting to see how price action plays off these measured move lines on the way to their targets. While it seems like we have definitely triggered the breakup from the bullflag I don’t think it has officially broken upward from the inv h&s neckline just yet, but likely will soon. *not financial advice*
COINBASE:LINKUSD
by DrDovetail
Link's Ongoing Struggle At $7.6 Hopes For A Breakout To $11(Link), one of the leading cryptocurrencies in the market, has been locked in a seemingly endless struggle to breach the 7.6 dollar price point for several months. The cryptocurrency market is no stranger to volatility, but Link's stability at this particular price range has caught the attention of investors and analysts alike. In this article, we will explore the factors contributing to this prolonged struggle and examine the potential catalysts for a price breakout that could propel Link to $11. Understanding the $7.6 Resistance Link's performance in the cryptocurrency market has been impressive over the years. However, since , it has been unable to sustain a significant upward momentum beyond the $7.6 mark. To understand this resistance, it's essential to look at the various factors influencing Link's price. Factors Contributing to the Prolonged Struggle Market Sentiment: Market sentiment plays a vital role in determining the price movements of cryptocurrencies. Negative news, regulatory concerns, or general pessimism can create downward pressure on a cryptocurrency's price. Link has faced its share of setbacks and FUD (fear, uncertainty, doubt) in recent months, which has contributed to the struggle. Resistance Levels: Technical analysis often highlights significant resistance levels that can act as barriers to price movement. The $7.6 level has been a formidable resistance point for Link, with traders and algorithms reacting to it. Overall Market Conditions: Cryptocurrencies are also influenced by broader market conditions. A bearish market can make it challenging for any asset to rally, while a bullish market can provide tailwinds for significant gains. The Potential Catalysts for a Breakout Despite the challenges, there are several factors that could potentially drive a breakout for Link, with a price target of $11 Technical Analysis: A break above the $7.6 resistance level could trigger a surge in buying interest, pushing Link's price higher. Traders and algorithms often follow such breakout patterns. Fundamentals: Chainlink's fundamentals remain strong, with its decentralized oracle network being widely used across various industries. Adoption of the technology can create sustained demand for the cryptocurrency. Positive Developments: News and developments related to Chainlink's partnerships, integrations, and projects can significantly impact its price. Positive news can rejuvenate investor interest. Chainlink's extended struggle at the $7.6 price point has frustrated many investors, but it's essential to understand the myriad of factors that have contributed to this situation. While breaking the resistance will not be easy, there are several potential catalysts that could pave the way for a significant breakout, with a price target of $11. Investors should closely monitor the market sentiment, technical analysis, and the broader cryptocurrency landscape for signs of a potential turnaround. In the volatile world of cryptocurrencies, one thing is certain: surprises are always around the corner, and Link may yet surprise the market with a remarkable rally to $11. As with all investments, it's crucial to exercise caution and conduct thorough research before making any decisions in the cryptocurrency market. check for plagiarism.
BINANCE:LINKUSD.PLong
by DEXWireNews
1
LINK - capped at $10 or room to run? Big weekend move with Chainlink. Fundamentals aside, we have been ranging between 5 and 10 for some time now. We approach the top of the range and I don't believe this is the time to be longing before the breakout unless we see a significant breakout from this range. If it does occur, consider longing on a retest of the range. If we see a deviation, consider trimming a bit of your bag on a reentry of the range. Something to note is the amount of "empty space" between $10 and $20. 19 is the breakdown zone from the 2021 decline, which could be a significant level when considering where price could go if there is a breakout from this range. The range is also (around) 5 to 10, a 100% increase. If there was a breakout, you could target a 100% advance from 10 - which is again the breakdown zone from 2021 crypto declines. Thanks for looking. Cheers
COINBASE:LINKUSD
by harambepay
2
Chainlink looks super bullish - Keep it simple!Chainlink filled an FVG that was left open for years. Essentially the market retested a key breakout that was in the making for a year. A breakout from a resistance that was tapped three times. That's huge. But how it did that also matters. LINKUSD formed a range that had a triple top and a triple bottom. Essentially, the market tested the range's top and bottom without entirely breaking the structure. As the crypto market capitulated a few weeks ago, LINK swept its lows, tested the 2019-2020 support (resistance then turned into support), and bounced back above the lows it swept. So what's left now? To take out the highs. What happens next? I don't know. But I am pretty confident the highs will be taken out before we go lower (if we go lower). The big question is whether it's worth holding Chainlink, Bitcoin, or any other crypto asset. For now, LINK looks pretty clean relative to BTC, as it has probably also capitulated against it. Why? It failed to make a lower low, it's down 89-90% in BTC terms, and it bottomed exactly three years after it topped back in June 2020. Three years is a very long time, and it's an excruciating process that clears out all the weak hands without going through a massive crash. Here I have to note that Chainlink is one of the most solid projects, with continuous development and a strong fanbase. Fundamentals will start to matter again as regulators clean up the space from all the scams and place reasonable regulations. As institutions really get involved, they will look for projects that have something to show rather than useless tokens with no fundamentals. Based on my analysis, Chainlink will hit 9-10$ and then potentially rally higher. 9-10$ is the minimum target
COINBASE:LINKUSDLong
by BitcoinMacro
Chainlink Roadmap ($200?)(Chart above Green Line - November 2024 , Red Line October 2025) There are some amazing things happening right now on the Chainlink chart. It may seem like LINK is still in a boring range, but for me, it's quite the opposite. This move down to $5 was the best that could have happened for LINK. We documented this entire move down to $5, and you can check it out below: The bar pattern you see in front of you on the main chart above is taken from December 2018 to May 2021. Why so specific in December 2018? Well, if we zoom into the Daily timeframe, you can see a clear mirror pattern appearing. This move down to $5 confirmed to me that, in fact, Chainlink has been playing out a very similar fractal since its first and only bear market, starting from November 2022 (FTX crash). This is an incredible find! Just look at it; it's undeniable! The last wave from December 2018 looks pretty much the same as the one we had in June 2023; it even took the same time at the bottom and to pump back up to the range high. The only major difference here is that in December 2018, this final wave set a higher low, but this year we set a lower low: Now, let's talk about Fibonacci time sequences: I forgot about this time count, in October 2022, I marked it as failed because we didn't get a reaction from it anymore, but I stumbled upon it in an old chart save, and wow, it did, in fact, mark the bottom of wave 5 and pivot up. If Chainlink does repeat the last cycle, then this October 2023, Chainlink will have a massive run-up to an all-time high: So, out of the last five Octobers since this chart started in 2017, Chainlink has finished the month positively every time except for the first: Oct 2017 -55% Oct 2019 +49% Oct 2020 +28% Oct 2021 +19% Oct 2022 +2.75% Keep in mind that this chart starts in September 2017, so this October we could see a big move up or the start of it. If Chainlink behaves like the last cycle, it rallies to all-time highs. Remember that Chainlink broke all the high four times before Bitcoin finished its cycle top: If Chainlink breaks the 3.618 Fibonacci level four times again, LINK would go over $1000: I put this outcome as unlikely since it takes a lot more money to move this market cap to those numbers. This TA assumes that Chainlink will follow more of the Bitcoin cycle, as that's what coins that run through the cycle once and significantly increase the market cap tend to do. LINK/BTC This time sequence started everything , put everything in motion for chainlink for me , since then its been right at predicting Chainlink events 100% of the time for years , the next date is April 2024 which happens to be the next Bitcoin halving, things are going to get really crazy around this time expect anything.
COINBASE:LINKUSDLong
by Sporia
30