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LINKUSD trade ideas

LINKUSD - Burnout or Boreout?Welcome back guys! Prices below 5$ are a matter of time LINK could be a rising star in the next bullrun. First, I want to thank everyone who left a comment in the last bitcoin & ethereum updates and to the people who reached out to me. Today we are going to discuss one of the more "problematic" altcoins which formed rather difficult wave structures but might be a great catch for the next bullrun. I personally believe that most altcoins won't ever come back and will slowly cease to exist... (You can probably think of several - I am going to post about this in the future!) Chainlink suffered a steady decline in the last weeks and yesterday we finally broke below the last minor support @5.525$. Many other traders hoped that chainlink would establish a bullish wave 1 - wave 2 structure, but sadly this is clearly invalidated as of now. Additionally, chainlink moves in a horizontal channel with a low @5.286$ that we formed back in June. To be honest I was very optimistic back then that a final bottom could be "priced-in" but this long sideways trend gave me serious doubts that the bear market could be over. I expect that chainlink will continue to decline in the next weeks and traders have to face that we are going to reach prices under 5$ eventually, beginning with the june low. Note that we are in a difficult situation regarding a possible bottom target, but it's safe to say that chainlink will reach it's final bottom most likely between 4$ and 2$. The red wave 3 can already be finished at the 1.272 and i personally don't expect that chainlink has a chance of reaching its 1.618 extension. We can't expect a bullish reversal as long as we are trading below the green dotted lines @7.808$ and @9.480$..... Of course, I understand that most people are done with this coin because of their controversial staking project and the absolutely devastating crash since the last all-time high at 52$. However, I believe that chainlink is one of the few altcoins which has a reasonable chance to shine in the next bullrun. Our long term target of 90$ is no joke! Please let me know if you want to hear about future price targets or other altcoins! Greetings Benjamin Mendenmein
COINBASE:LINKUSD
by Mendenmein-Capital
LINK/USDT 1D Interval ReviewI invite you to review the chart LINK in pair to USDT, taking into account the one-day interval. Let's start by identifying the main trendline, but looking closer we can identify with the blue lines the sideways trend channel and with the yellow line, the local downtrend lined that the price is trying to break. Using the Trend Based Fib Extension tool, we will check the current support points for the price. As we can see, the first support is where the price has repeatedly changed its uptrend at $5.83, then we have support at $5.39, which is also the lower limit of the channel and the location of the previous low. However, when we exit the channel at the bottom, we can see a drop to around $4.72 or $3.82. When determining resistance for the price, it is worth first to mark the strong zone from $ 6.25 to $ 8.03, only when the price goes higher we have resistance in the upper part of the channel at $ 9.43, going above this resistance and positive testing will open the way towards $ 11.83 and 14.08 $. We can observe a growing volume, however, with a predominance of red candles, the CHOP index indicates a small accumulation, the MACD is close to indicating a change in the trend to an upward one, while the RSI also shows that we have gone down to low levels and are now starting to show small increases.
COINBASE:LINKUSD
by cryptodailyuk
LINKUSD Is Finishing A Higher Degree CorrectionLINKUSD is finishing a higher degree correction, as we see it nearing strong support zone from Elliott wave perspective. LINKUSD is trading bearish since May 2021, but weekly wave structure from the highs looks like a clear three-wave A-B-C correction within a higher degree wave IV that can find the support soon, ideally at the former wave (3) swing high and equal wave length II = IV. Recovery for wave V in 2023? Wave C is a motive wave and it should be completed by a five-wave cycle of the lower degree, so looking at the daily chart, seems like it's now trading in final stages of (5) of C after recent sideways triangle consolidation within wave (4). Technically speaking, we believe that LINKUSD may find the strong support between 5-4 support area, just keep in mind that bullish confirmation is only above 13 level. Invalidation level remains at 1.5. Happy holidays and all the best in 2023! If you like what we do, then please like and share our idea! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
BINANCE:LINKUSDLong
by ew-forecast
2
LINK - The Bearer of Bad News & Great NewsLink has been hovering around the 0.382 fib retracement for quite a while, tested it 3 times, i never trust the 4th nor the 5th test on a support line. "Stop talking gibberish and give us the bad news nah" Bad Nus: $LINK will go down another 80%-90% :D before this bear market is over. Great Nus: $LINK will be a $1k-$2k token at the peak of the next Bull Run. - Weekly MACD (Bearish) - Weekly Pekipek's Divergence BETA (Bearish) - Weekly RSI (Neutral) - Weekly Stochastic RSI (Neutral) - Weekly Cipher (Bearish) - Weekly OBV (Bearish wtf OBV r u in distribution mode?)
BINANCE:LINKUSDShort
by ankhramsiswmriimn
15
LINKUSD D1: 30%+ CORRECTION WARNING TP 4.00(SL/TP)(NEW)Why get subbed to me on Tradingview? -TOP author on TradingView -2000+ ideas published -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -before/after analysis -24/7 uptime so constant updates 🎁Please hit the like button and 🎁Leave a comment to support our team! LINKUSD D1: 30%+ CORRECTION WARNING TP 4.00(SL/TP)(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. 🔸 Summary and potential trade setup ::: LINKUSD daily/candle chart review ::: 30% CORRECTION WARNING ::: updated/revised outlook ::: distribution in range / weak chart ::: limited upside / expect dump from HIGHS ::: weakness will last for 4-8 weeks ::: LOG SCALE chart ::: backtested wedge breakout ::: RISING WEDGE BEARS taking over ::: FTX/ FTT bankruptcy will pull crypto down ::: CLEAN REJECTION AT recent highs ::: S/R was re-tested produced WEAK bounces ::: final BOUNCE possible now before DUMP ::: also noteworthy sequence of lower highs ::: recommended strat: MARKET SHORT IT ::: final TP BEARS is 4.00/4.20 usd ::: 40-45% correction possible next ::: 4-8 weeks in November/December 2022 ::: right now no upside in this market ::: position traders should wait for ::: better entry prices later after ::: no upside in this market it's game over ::: recommended strategy: SHORT SELL AT MARKET ::: TP BEARS is +40% gains - near 4.00 USD ::: BULLS stay out until correction is over ::: SWING TRADE: SHORT/HOLD IT ::: correction run not over yet ::: good luck traders! ::: BUY and get paid. period. 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment mid-term: BEARS/CORRECTION/40% ::: Sentiment short-term: DUMP/GAMEOVER RISK DISCLAIMER: Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
BINANCE:LINKUSDShort
by ProjectSyndicate
33
LINK: back on old trackA lot of negative news on the market during the previous week, related to FTX contingencies and recession in the US in the coming year, pushed the price of LINK to the downside and lowest weekly level at $5.8. Based on current charts it doesn’t seem that the support line at $6.0 has been broken, but it seems that it has been tested to the downside during the last two days. This is generally positive for LINK, because it shows that even in a stressful time, investors sustain confidence in this coin. With latest price moves to the downside, RSI reached level of 34, but indicator still did not reach the clear oversold side of the market. Moving averages of 50 and 200 days continue to move as two parallel lines with tiny differences between them, still holding the probability that a potential cross might come in the near future. As per current charts, it could be expected for LINK to enter into a short reversal, after not being able to clearly break the support line at $6.0. Considering quite low daily trading volumes, it should not be expected to make significant moves in price. There is probability for $6.5 short resistance to be tested, with currently decreased probability that $7.0 might be reached.
COINBASE:LINKUSD
by XBTFX
Link LongThis is an interpretation of the technicals and is in no way shape or form advice. Any and all liability for risks resulting from investment transactions or other asset dispositions carried out by the customer based on information received or a market analysis is expressly excluded by Tradeciety. All the information made available here is generally provided to serve as an example only, without obligation and without specific recommendations for action. It does not constitute and cannot replace investment advice. We therefore recommend that you contact your personal financial advisor before carrying out specific transactions and investments.
BINANCE:LINKUSD.P
by Rphizzzle
LINK: still in reversalAfter not being able to make a clear road toward the $8.0 resistance line two weeks ago, LINK entered into short correction during the previous week, exactly as it was expected. What is interesting with this coin is that while general investors hesitate to enter into any position, LINK acts like it does not have such a problem. This is quite positive, as it supports investors' positive prospectus on the coin. LINK started the previous week around level of $7.5 and moved to the downside, to the lowest weekly level at $6.7. RSI was pushed from the level of 56 down to 46, indicating that the market is probably still not over with selling orders. Moving averages of 50 and 200 days continue to move as two parallel lines with very tight distance between them, which increases probability of potential cross in the near future. At this moment, charts are not clearly pointing that the reversal from the previous week is still over. In this sense, the level of $6.5 might be tested, with lower probability that price might reach the $6.0 support line. On the opposite side, $7.0 resistance might be tested again, with still lower potential over $8.0 next resistance line.
COINBASE:LINKUSD
by XBTFX