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LINK Perpetual Futures Contract

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LINKUSD.P trade ideas

LINK: overbought market is postponed? LINK had an excellent start of the previous week, when its price managed to break the $8 long term resistance line, reaching its highest level at $9.6. Resistance line at $10 has not been tested on this occasion. Unfortunately, negative macro fundamentals pushed the price down to level of $7.1 as of the end of the week. Prevailing buying orders for LINK started to push the RSI up to the level of 61 on its road toward the overbought market. Still, this indicator is ending the week below line of 50. However, in this case it does not look like the market gave up from the overbought territory but it has just been postponed. Moving averages of 50 and 200 days are continuing to move as two parallel lines with downtrend, not indicating potential cross in the coming period. LINK showed high potential for an uptrend during the previous week. In case that coin reverts this trend, the price might again move back to the $8 resistance line, with some potential that next short term resistance at $10 might be tested. On the opposite side, there is a decreased probability that the support line at $6 might be tested in the coming days. Disclaimer: This article provides exclusive views of the author. It does not in any sense represent a suggestion for trading.
COINBASE:LINKUSD
by XBTFX
link.the same as all the other coins, link put in a clean 5 waves up, and has since put in 3 waves down. --- i'm starting to like the idea that the move down from the highs was only the first of three larger legs. in this case, it came down in a simple zig-zag, so i'm going to be labeling this abc as wave (w). wave x usually retraces 0.50% of the entire drop, but it can go to the 0.618~0.65% as well. wave y will drag out into 2023, where it will find a bottom most likely closer to $1.22. --- w-x-y, is nicknamed a double combo, and it consists of three zig-zags (it can also become more complex, and have smaller double \ triple combos within it). --- risk management is your #1 priority, everything else should come second. 💰
BINANCE:LINKUSD
by Eloquent
3
#btcstarburst Chainlink Is Staking the Catalyst?Mentioned The CHAINLINK many times. It has lots going on… What is an oracle? Basically a bridge from the real world to the crypto world/blockchain. (Blockchain oracles are entities that connect blockchains to external systems, thereby enabling smart contracts to execute based upon inputs and outputs from the real world. ). Chainlink is building at a rapid pace and announced STAKING… STAKING… STAKING yes i said that 3 time so regardless of price action now. Long term it will probably be outpace most projects like it… this is just a gan Stud DCA safely
BINANCE:LINKUSD
by Jonnycatx
2
Chainlink (STINK) 6.7.22very interesting when zooming out. can you believe its been 4 years since we were at the beginning of our first rally. FOUR. now. getting a fresh cross on the weekly stokes. does this mean link is going to 1000 overnight? nope. but it def paints an interesting picture. no matter where this thing goes. buyers are going to be stepping in and sellers are losing momentum. yes we could get leveraged punctures to the downside along the way. but all these should be snapped up for those that think out in years. ppl are finally starting to get it. you can see it in the charts. this isnt a bottom is in. but imo the bottom is likely in and that doesnt mean str8 up. it just means lows are so close you can smell them. r/r we drop what 50 percent? buy it if so but for me im loading and have been loading since 6
BINANCE:LINKUSD
by BrandonrG
15
LINK: without strength for $8 resistance? It was an interesting week for LINK. Although trading volumes had significantly increased, still LINK was holding strongly to the sideway. Price was modestly pushed from level of $6.2 up to $7.7, ending the week around $7.3. It seems like LINK is trying hard to remain at current levels. Long term resistance line at $8 has not been tested during the week. During the week RSI reached level of 45, however, market strength was weak to indicate that it has started a clear reversal after the oversold market reached two weeks ago. Break of 50 line and clear path toward overbought market is still on hold. Moving averages of 50 and 200 days are not adding to the probability of next moves, considering that they continue to move as two parallel lines. Long term resistance line at $8 has not been tested during the previous week, so it remains a target for LINK in weeks to come. However, in a case of a negative market sentiment price might be pushed to the support line at $6 to test it one more time. Disclaimer: This article provides exclusive views of the author. It does not in any sense represent a suggestion for trading.
COINBASE:LINKUSD
by XBTFX
🔥 LINK In A Massive Bull Flag: $100 Next Cycle?LINK has been one of the top performers in the last cycle, where it performed exceptionally well during the bearish part of the cycle. Sadly enough, LINK topped during the first top of 2021, only to trade dominantly bearish since then. However, there's light at the end of the tunnel. LINK appears to be trading in a bear flag pattern, which are classically bullish continuation patterns. Be aware that were currently still in a bear market and LINK could very easily drop another 75% from here. Theoretically, LINK could reach $100 next cycle. If we make the assumption that LINK will find a bottom at $3, we only need a 33x to get to $100, which should be doable considering it did a 320x from bear market low to bull market high last time.
COINBASE:LINKUSD
by FieryTrading
10