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LINKUSD trade ideas

Link Bounce or DieLink has been struggling in a subrange but has painted many bullish patterns that suggested a rise to higher levels. One of which is a diamond bottom reversal pattern that I covered previously. It also broke out on the upside of a bearish descending triangle and currently retesting it and the support of a rising channel. the RSI has been in an uptrend while price is stagnant forming many bullish divergences. The current price point should lead to an upward reversal. If price breaks down the supports of the patterns, we will see further downside. I am not of the opinion that the market will crash catastrophically at the moment as many pundits are predicting, if this should happen it will be in September which has been a consistently red month in the cryptoverse.
KRAKEN:LINKUSDLong
by nagihatoum
4
LINK: moving in overbought marketIt was a very good week for LINK. Coin found strength to make a move toward the long term resistance line at $9.0. LINK finished the previous week by testing this level. At the same time, a clear overbought market has been reached, which decreases the probability for this level to be further breached to the upside. Nevertheless, LINK made significant progress in a single week. RSI reached level of 72, clearly indicating that the coin reached the overbought side of the market, implying that short term reversal is ahead. At the same time, MA50 started its modest divergence toward its MA200 counterpart. The golden cross is still far away, as two lines have some distance between them to overcome. Current charts are indicating that LINK will start the week by testing the $9 resistance line. At this moment there is no clear indication on potential for this line to be breached to the upside. Instead, RSI is adding to probability for a short reversal, which might lead LINK back toward the $8 support line to test it once again.
COINBASE:LINKUSD
by XBTFX
LINKUSD: Bearish Bat with Hidden Bearish Divergence at Range TopCHAINLINK has been trading within this range for the last few months and recently has put in a Partial Decline; However it has formed a Bearish Bat on the Way up and may look to make a 50%-78.6% Retrace before continuing back up again to Bullishly Breakout. So i would say the short entry is here and the profit target is between the 50 and 61.8 Retrace. Before then reversing again and giving us a Secondary Partial Decline.
COINBASE:LINKUSDShort
by RizeSenpai
1
Link inverted parabolaLink broke out of it's 434 day bearish parabola (in purple). In my experience, that means we have some upside ahead of us. Keep in mind we're still in a bear market, which means that I see this pump as a dead cat bounce. I believe the price will rise in the next few weeks, crash to a new low in September, then move sideways between ~5 - 10 dollars until the early days of 2024, i.e., right around the time of the next BTC halving. Then we begin a new 1.5 year up only cycle, at which point LINK should pump high as hell. These dead can bounces can be very profitable if you know where and when to sell. I've marked interesting resistance levels at which I intend to sell. I've attached my macro BTC chart, and macro LINK chart, for accumulation zones.
BINANCE:LINKUSDLong
by fritzz
5
LINKUSDprolly something like that tbh maybe brief rejection at trendline but overall the way other coins are moving this scenario across the board is looking more and more likely sigh travelling right now and kinda ceebs w trading (stress while travelling?) but 3 year bear market and overall is seeming less and less likely global worker shortage? rather than high unemployment, but cost of living is up so speculative spending down? eth coins been performing but this one kinda lagging comparitively, l2 narrative stronger than oracle rn apparently i suppose just finished a 3 day hike n v tired so sorry if that doesnt make much sense weve a cpi tomorrow but from what ive seen potenital for downgrading and restoring investor confidence but thats fairly speculative (source is vague but one of my more trusted ones) so if this was the case then v ltf dip before resuming uptrend techically weve got room for the obv to bounce higher and confluence level w ema200 and recent wick and old aug 2020 key level after initial takeoff of oracle narrative leaning bullish as consolidation appears to be restoring market confidence
COINBASE:LINKUSDLong
by olliecoughland
1
Chainlink Price Analysis — August 8Chainlink has posted an aggressive 12% rally over the last 24 hours, tapping a near two-month peak at $8.74. The cryptocurrency also recorded its highest bullish trade volume on Bittrex since May, highlighting the notable expectations of a bullish rally in the near term. That said, bulls need to be cautious of impending ease in pressure for LINK leading to a possible return to the $8.00 mark. Meanwhile, my resistance levels are $9.00, $10.00, and $11.00, and my support levels are $8.00, $7.30, and $6.00. Total Market Capitalization: $1.14 trillion Chainlink Market Capitalization: $4.08 billion Chainlink Dominance: 0.35% Market Rank: #24
BITTREX:LINKUSD
by Mr_Wogbe_Alex
LINK: how far is $9 resistance?Two weeks ago LINK finally managed to move from channel trading between levels of $5 and $7. Long term resistance line at $8 has been reached, but the coin did not have strength during the previous week to break this level, although it has been tested on several occasions. Weekly trading range was between $7 support and $8 resistance. In line with spot price, RSI was moving within short range, between 52 and 61. This indicates that the market is still on the road to the overbought side, but it will take some time until it finally reaches it. Moving average halted divergence from MA200 counterpart, however, convergence has not started yet. Current generally decreased daily trading volumes on the crypto market are not allowing for coins to move to the higher grounds. Same situation is with LINK. In this sense, it might be expected that the coin will continue to move within a range between $8 resistance and $7 support line. However, charts are now clearly pointing to the level of $9.0 resistance, still, as long as trading volumes are low, testing of this resistance line might be postponed.
COINBASE:LINKUSD
by XBTFX
2