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LINK Perpetual Futures Contract

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LINKUSD.P trade ideas

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: starting all over againTwo weeks ago LINK had a very good week, when the price of the coin reached a resistance line at $8.0. Start of the previous week was even better, since the price was pushed to the weekly highest level at $8.7, however, the long term resistance line at $9.0 has not been tested. But the weekend brought some heavy drop in price, due to generally negative market sentiment, erasing totally profits from the last two weeks. The price of LINK is ending the week by testing the $7.0 support line. This was certainly a strong drop, which LINK did not deserve, but the market is always right. At the beginning of the week RSI reached a clear overbought side, however, the indicator is ending the week below the level of 50, and around 45. Moving averages of 50 and 200 days continue to move as two parallel lines, still not providing much indication whether they are ready for any kind of a cross in the coming period. LINK will start the week ahead by testing the $7.0 support line. This line was strongly holding during the last period, while emerging buying orders as of the weekend are providing some potential that $7.0 will hold in the coming days. In case of some surprises, the price might go to the level of $6.5 but just within a short period of time. On the opposite side, current charts are showing some potential for $7.5 in the coming days.
COINBASE:LINKUSD
by XBTFX
LINK Marines - Assemble!The LINK Marines really need to rally around their token in order to save the day! We still remain on our bullish count which is shown on the chart, the a-b-c correction was a little more difficult to count than in other altcoins but nevertheless this wave movements don't look bad. The unsettling and interesting detail in Chainlink is that we touched the 0.786 retracement perfectly a few hours ago and heavily pushed back since then. This may be very well a good start for our projected wave (iii) but the price needs to build up a lot of bullish momentum in the next days, and we absolutely shouldn't remain at these low levels in the future. Keep in mind that our bearish alternative of a lower Cycle Wave (2) is still in place because Chainlink established a tough horizontal channel which lasted nearly 300 days as of now. Seriously, look it up on the chart and see it for yourself, it's kind of impressing... The support at 5.39$ is crucial for our bullish count, and it would mean very bad news for our fellow Chainlink Holders if this level is breached. I can assure everyone on here that we are watching this very carefully and will update you guys if needed! Please note that we are already invested in Chainlink since the 20th of June and 14th of February 2023, back then we announced our first positions here on tradingview. If you should have any questions whatsoever, you can write a comment or contact me directly! Long #1 Chainlink ( LINKUSD ) AVERAGE EXECUTION PRICE: 6.17$ STOP-LOSS: NONE LONGERM Target: +90$ Long #2 Chainlink ( LINKUSD ) AVERAGE EXECUTION PRICE: 6.58$ STOP-LOSS: NONE LONG TERM TARGET: +90$ and more
BITFINEX:LINKUSDLong
by Mendenmein-Capital
2
LINK: finally $8.0Markets are turning to the positive sentiment after inflation slows down in the US, however, they are still more oriented toward equities and major crypto coins like BTC, rather than other coins. Analysts are pointing that after a strong push in BTC price, the eye of investors is finally turning toward altcoins in order to maintain correlations and diversification of portfolios. Certainly, this point in time would be the one where LINK might benefit significantly. On a positive side is that currently LINK is making small progress toward higher grounds, still managing to hold its price relatively stable. During the previous week, the price of LINK was moving in a relatively short range, from $7.0 support up to $7.5 short term resistance line, however, as of the weekend, the price managed to finally reach the resistance line at $8.0. RSI was pushed from levels above 50, toward 62, indicating potential path toward the overbought side of the market. Moving average of 50 days modestly started to converge toward the MA200 counterpart, but it still does not indicate a potential cross in the coming period. Support line at $7.0 has been tested for a third week in a row, and without strength to break it, the coin managed to revert toward the $8.0 resistance line, supported by the market demand. RSI has still not reached a clear overbought side, which leaves some space for the price to hold $8.0 resistance. LINK will start the week ahead by testing this level. There is currently a lower probability that this level might be breached. On the opposite side, there is some probability for $7.50 support to be tested for one more time, with low probability for $7.0 support line.
COINBASE:LINKUSD
by XBTFX
History Repeats Itself with LINK?I have two different trading channels highlighted on the chart. The first predates the post-corona bull market. The second shows a long period of consolidation on the Chainlink weekly chart. The first channel lasted for a year before LINK exploded to ATH over $50. The second channel marks a year in May 2023. Chainlink has completed a full market cycle and if this period of consolidation matches the last one, we'll see some explosive moves upward from Chainlink sometime in the next six weeks. This upward move should find resistance at the 200MA, but that will also come about 2x from the current price point. Enjoy, NFA.
BINANCE:LINKUSDLong
by ChartswithChip
LINK: still not ready for $8.0Second week in a row that the markets are slowing down. On a positive side is that they are managing to hold within previously reached higher levels. Uncertainty over banking contingencies is slowing down, in which sense, some slowdown in new funds inflow on the crypto market is to be expected. Regardless of small moves during the week, it could be noted that LINK had a relatively good week, managing to hold above $7.0. It shows that investors continue to support this coin. The price of LINK moved in a relatively short range during the week, between levels of $7.0 and $7.6 at one occasion. It is evident that the support line at $7.0 has been tested during the week. It should be taken into consideration a holiday weekend in the western markets, in which sense, there has not been much funds in the flow to support price at higher grounds. RSI moved to the 50 line, which might be an indication that investors are slowly moving toward the oversold part of the chart. Moving average of 50 and 200 days still continues to move as two parallel lines, still supporting the Golden cross. The slowdown in price moves is evident on the charts. The $7.0 support line has been tested during the week, but due to low trading volumes, there has not been market strength to clearly break it. Still, charts are pointing to higher probability for a move to the down side, at least to the level of the short term support line at $6.5 during the week ahead. At this moment, there is no clear indication that the price could move below this level. On the opposite side, there is lower probability for price to test $7.5 short term resistance.
COINBASE:LINKUSD
by XBTFX