LINKUSD.P trade ideas
Long trade
Fri 9th August 24
Buyside trade
NY Session PM
6.00 pm NY Time
Entry 10.490
Profit level 13.300 (26.79%)
Stop level 10.165 (3.10%)
RR 8.65
Chainlink: Let’s go!LINK dropped significantly in the last seven days and even briefly undercut our turquoise Target Zone (between $8.20 and $10.90). However, as it was able to turn around quickly and only undercut the range by less than 1%, our count remains intact. We now see the turquoise wave 2 as completed and expect an upward push above the resistance at $20.85 in the further course. Investors could open long positions within our Target Zone. Stops could be placed around 1% below the lower edge. Should the bears push the price significantly below the Zone (37% likely), we will have to anticipate a lower low of the turquoise wave alt.2
Chainlink Business As Usual It might seem like a shock for most that Chainlink had this big move down, but if you have spent a lot of time studying Chainlink's last cycle, you would know that this is business as usual.
The fact that Chainlink had this move has made me more bullish than ever. We are currently 64% down from March 2024. Crazy? I think not.
71%
71%
62%
44%
These are all the corrections Chainlink had during its last cycle to its all-time high.
All we are doing is a back test to this previous range. Chainlink was doing the same thing last cycle.
If we overlay the last cycle over this starting from wave 5, we can see that we have had a crash during the same time of the cycle as we did in March 2020 (Covid). Crazy.
I would not be surprised if Chainlink closed above $11 by the end of the week, just above the 1:1 Gann Fan, and started a V-shaped recovery, marking the bottom. There is a very high chance.
Once again, my time fibs hit right on the money. The blue fib marked the bottom, and the yellow marked the top!
**Next date: 18th Nov 2024**
Chainlink Business As Usual It might seem like a shock for most that Chainlink had this big move down, but if you have spent a lot of time studying Chainlink's last cycle, you would know that this is business as usual.
The fact that Chainlink had this move has made me more bullish than ever. We are currently 64% down from March 2024. Crazy? I think not.
71%
71%
62%
44%
These are all the corrections Chainlink had during its last cycle to its all-time high.
All we are doing is a back test to this previous range. Chainlink was doing the same thing last cycle.
If we overlay the last cycle over this starting from wave 5, we can see that we have had a crash during the same time of the cycle as we did in March 2020 (Covid). Crazy.
I would not be surprised if Chainlink closed above $11 by the end of the week, just above the 1:1 Gann Fan, and started a V-shaped recovery, marking the bottom. There is a very high chance.
Once again, my time fibs hit right on the money. The blue fib marked the bottom, and the yellow marked the top!
**Next date: 18th Nov 2024**
CHAINLINK LONGChainlink has almost completed a wedge pattern it has been printing for the last few weeks. I believe this will be the catalyst to move LINK back up around the $21 range. Next weeks candle will be a big determinant.
low conviction longbullish on RWA trades
pretty sh*t entry but eth looks good and this is eth beta and the best RWA token
could get a better entry soon so this is low conviction
blue line tp's or whatever feels right at the time
$LINK perma-bullthis has an enormous usage in traditional markets and industries, people are underestimating the power of link marines
Bay A strong signal to buy with a limited stop loss and take a larger profit after breaking the next level and exit with a take profit
$LINK targeting $2.72?NASDAQ:LINK looks like it's on the verge of a breakdown of it's H&S top. Should price break below $12.78, the target for the move would be $2.72.
We just got our first red candle on the 2D heikin ashi which increases the likelihood that it rejects here and falls lower below $12.78.
Let's see how it plays out over the coming months.
LINKUSDT (Alternative count)
I do not truly believe that this alternative count will materialize, but it remains a valid possibility. Please check my charts and follow the price actions.
Enjoy :)
LINKUSDTThe main bullish count is shown on the chart. We are forming a wedge pattern unless the fifth wave expands to the level highlighted on the chart. I will also share an alternative idea for LINK.
LNkUSD forecastHi traders;
According ETHUSD forecast;
Cryptocurrency Market has a jumb before market reversal and start downtrend
Link Usd movement for the next 2 weeksi see that a historical movement from february 2022 is being repeated in real time.
Chainlink Bullish targets 2024Basic thesis as on chart using EWT along with channel
Confluence with Fib and trend based fib
TP predictions
26
33
43
63
LINK- Re-accumulation w/SpringBIST:LINK
Is a Wyckoff Re-accumulation w/Spring about to jump the creek...?
LINKUSD is approaching an important resistance areaHey Traders, in today's trading session we are monitoring LINKUSD for a selling opportunity around 14.400 zone, LINKUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 14.400 support and resistance area.
Trade safe, Joe.
$LINK at CRITICAL SupportCalling All LinkMarines!
BIST:LINK has been in a bearish downtrend
Broke both its trendlines, and price fell below the 200MA and BMSB
Now at a critical .382 fib support
If $11.50 doesn’t hold, we’ll see a 25% dump to the .236 fib which is ~$9.25
Chainlink Long Position SetupHigh degree timeframe setup of Chainlink this will support the price action. After hitting this area I'm expecting a serial bullish reversal. Start to DCA here.
LINKUSDT
As previously mentioned, I anticipated the price to reach approximately 10.6 levels when it was trading around 14 dollars. Today, LINK has reached 11 dollars, which may represent the bottom. The head and shoulders pattern has not yet been confirmed and appears more likely to be manipulative.
LINKUSD: Approaching Critical Support – Major Move Ahead?Introduction:
As we navigate through 2024, LINKUSDT finds itself at a pivotal juncture. The cryptocurrency has reached a significant support level, and traders are closely monitoring its next move. Will it hold or will we see a substantial correction? Here’s a detailed analysis of the potential scenarios unfolding on different timeframes.
Weekly Timeframe Analysis:
LINKUSDT has reached a crucial support level at $13.1, the most important one for 2024. A breakdown below this level could trigger a sharp correction down to $7. This move would likely lead to a retest of the accumulation zone built over the past year.
Key observations:
Price Action: The price has failed to establish higher highs in the last three peaks.
RSI Divergence: The RSI is forming lower highs, signaling weakening momentum.
Volume Analysis: Decreasing volume during the formation of the accumulation box indicates low buying interest.
Given these factors, there's a strong possibility that the accumulation box will break to the downside.
Daily Timeframe Insight:
A head and shoulders pattern appears to be forming on the daily chart. The price is currently testing the neckline. Should the $13 support fail and a daily candle closes below this level, we could see a significant correction – potentially around 40%, aligning with the head and shoulders target.
4-Hour Timeframe Outlook:
In line with the bearish higher timeframes, if a candle closes below $12.97 on the 4-hour chart and the RSI enters the oversold territory simultaneously, it could signal the start of a new bearish wave. The first target for this move would be $10.63.
Conclusion:
LINKUSDT is at a make-or-break point. The critical support levels identified across multiple timeframes suggest that traders should be prepared for significant volatility. Whether it’s a breakdown or a rebound, these levels will be crucial in determining the next major move for LINKUSDT. Stay vigilant and adjust your strategies accordingly.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always do your own research and consult with a financial advisor before making any investment decisions.
LNKUSD FORECAST hi traders
We have engulf in specific low that's sign of market direction so LNKUSD is downtrend
