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.
LINKUSD trade ideas
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
chainlink bearish?chainlink is currently showing a head and shoulders pattern, if this does break down a good price to try and get in at will be anything under $9. after link accumulated last year it never retested the breakout.
if we see one last dump/capitulation then this would be a target.
LINK/USDTThe Bottom Area Of Second Wave 8.9-10.5$
Thırd Wave Target Wıll Be 121$ As The Lowest.
The Approxımate Date For The End Of Second Wave Is Between 27th Of July- 28th Of August
Long your longsPitchfork still playing out
Can we just get some decent price action already, volume suggests this may be within next 1-4 weeks,
Good luck
Are the lows in ? This idea holding true for now,
We have a $12 low on the cycle low.
We could range here for another 1-5 weeks then move up.
Long trade Entry 1min TF
Friday 14th June 24
19.45pm
Tokyo Session
Buyside
Entry 14.742
Profit level 16.241 (10.17%)
Stop level 14.546 (1.33%)
RR 7.65
Chainstink About To Smell Good?Chart long term looks very good with the view that $5~ was our stone bottom and we are early days of what appears to be a new bull trend - structure off the bottom is textbook impulsive and is giving me more confidence in this forecast - Accumulating here seems to be a decent play for a long swing to capture a potential upcoming alt season.
Chainlink investment technicalsThe cycle low consolidation located atop the golden ratio of the primary cycle indicates a new cycle, after a similar pattern to last (2018-2019)
The new cycle is on track with last (2019-2020) with a potential for breakout indicated by market structure..
Bitcoin is coming to 60% of the market, meanwhile massive altcoins stay at relatively lower market capitalization relative to bitcoin. (keep in mind bitcoin is at ATH now and above important moving averages)
Link/Sol- time to rotate ?This chart has looked awful for a very long time,
I’m sure everything against sol looks awful right now,
If you are considering where the gains may be, possibly rotating your sol to LINK could be a good move
Good luck out there
Link Usd Long TradeA historical movement from Dec2019/Feb2020 is being repeated in real time.
This is a 3 to 4 weeks trade.
Risk to reward is 1:9.
Be patient.
This is a waiting game not a trading game.
ChainlinkLink is heading to 28-32
Marketcap would be close to 20 billion
Weekly rsi is currently at 60 and should between 80-90 if we go up to 28-32.
Looking forward to when Link consolidates above 28. Still early.
Don't Bet on #QUANT. CHAINLINK is the clear leaderThere will be sympathy pumps by #QNT
But I suggest betting on the best in breed with the visionary/genius founder (SN)
#LINK should outperform QNT by 2:1
as the inverse head and shoulders suggests
Chainlink on the Weekly Timeframe LINKHitting a Macro Support. I drew many areas of interest out on the chart for places to look for the price to turn and move about.
Pretty Straight forward. We are coming off a major support while the rsi is forming an uptrend.
I dont know much about the fundamentals of this token, this is more for the TA specifically.
Please Comment!
Absolutely Not Financial Advice
Do your own DD
LINKUSD - Strong Trend Line UpStrong up trend line in solid white line with bottoms along the dotted line also which provides support.
Very bullish with support maintained.
Buy LINK Sell FIAT... LINK about to make a big move!!!I only have the basic tradingview account
But while using the free trial feature on 'coinigy'
I made a discovery?!?!?!
Poloniex
Chainlink / USDT pair
4hr or Daily or weekly chart
April 14th date
What do you see?
Be objective
Too easy
R:R 3:1
S/L 12.64
T/P $36+
Enjoy
Buy on the Full Sell on the NewJust a simple , not-guaranteed way. but usually profitable of trading Chainlink according to the phases of the moon
Buy on the Full Moon, Sell on the New Moon. Thats it nothing else to it.,
Short LINKPutting this out there for anyone who wants to pick a fast trade...you can check out the time of posting before getting it so you aren't late. Good luck
LIMIT is the game changer!
CHAINLINK NEW ALL TIME HIGH IN 2024?I've identified a bullish megaphone pattern forming on the weekly BIST:LINK chart 📈. This technical pattern is characterized by expanding price swings and higher highs paired with lower lows, indicating increasing volatility.
What does this mean?
A bullish megaphone pattern suggests a potential breakout to the upside. As the price consolidates within this widening range, the market could be gearing up for a significant upward move.
🔍 Key Points to Watch:
Higher Highs & Lower Lows: The expanding range signifies growing investor interest and potential for higher volatility.
Breakout Potential: Keep an eye on the upper trendline. A breakout above this resistance could signal a strong bullish move.
Volume: Watch for an increase in trading volume, which often accompanies breakouts.
As always, make sure to do your own research and consider your risk tolerance before making any trading decisions. This pattern is just one piece of the puzzle in technical analysis, but it’s definitely one to keep on your radar.
Stay informed, stay profitable! 💹
#Chainlink #LINK #Crypto #BullishMegaphone #TechnicalAnalysis #CryptoTrading
LINKUSD: Rallying Back to $20 | 72.73% Confidence!COINBASE:LINKUSD has been drawing a lot of attention in the crypto space in the past few days. It experienced a significant drop in price (-47%), but now it's starting to show signs of a potential rebound and might be heading bullish again.
Here's the breakdown:
COINBASE:LINKUSD price took a major hit over the past 2-3 months and has been consolidating since. According to my Free Probability Indicator , There's a 72.73% chance it could climb back over $20, which is pretty much encouraging!
This price drop might actually be beneficial as it presents a great opportunity to buy LINK at a lower price.
If you're thinking about trading LINK, here's what you should consider:
Entry:
Wait for clear signs that the price is going up again, like huge up-move candle showing strong positive movements on the daily chart.
Once you're confident the trend is changing, consider buying LINK.
I'm currently looking at the 4H Equilibrium to get positioned.
Exit:
To protect yourself from drawdowns, consider setting a "trailing stop-loss." This will automatically trigger a sell order if the price starts dropping again after you buy, securing your running profits.
Risk Management:
Ensure you're not risking more money than you can afford to lose.
Only invest what you're comfortable with and consider how much you're willing to lose if things don't go as planned.
This isn't financial advice, just some insights to help you make informed decisions. Always do your own research before investing in anything.
Chainlink Breaks Through: Trading Volume Fuel 9% SurgeChainlink (LINK), a prominent player in the decentralized oracle network (DON) space, has defied the broader cryptocurrency market trend with a significant price increase. On May 25, 2024, LINK surged by an impressive 9%, surpassing the $17.50 mark for the first time in six weeks (as reported by Will Izuchukwu). This positive movement comes amidst a period of relative stagnation in the overall cryptocurrency market.
Analysts attribute this rally to a confluence of factors, with two key drivers emerging:
1. Increased Trading Volume: A significant surge in trading volume often precedes or coincides with price increases. In Chainlink's case, trading volume over the past 24 hours has jumped by a staggering 78%. This heightened activity suggests renewed investor interest in LINK, potentially fueled by optimism surrounding the project's future or short-term trading strategies.
2. Positive On-Chain Metrics: Beyond trading volume, on-chain metrics provide valuable insights into the health and activity of a blockchain network. While the specific on-chain metrics
influencing LINK's price increase remain unreported in the provided excerpt, a positive trend in these metrics could indicate:
• Increased Use of Chainlink Network: A rise in the number of active users or transactions processed on the Chainlink network suggests growing adoption and demand for its oracle services. This would be a positive indicator for the project's long-term viability.
• Active Development: On-chain metrics can also track development activity on the network. An increase in such activity suggests the Chainlink team is actively working on improvements and new features, potentially leading to future growth.
Possible Explanations for the Rise
While the specific details behind this surge are unknown, here are some potential explanations to consider:
• Market Speculation: The broader cryptocurrency market has been experiencing a period of consolidation following recent volatility. Some investors might be seeking opportunities in undervalued projects, potentially leading to increased buying pressure for LINK.
• Positive News or Developments: News of partnerships, integrations, or upcoming protocol upgrades for Chainlink could have sparked investor interest and buying activity.
• Technical Analysis: Technical analysts who study historical price charts and trading patterns might have identified bullish signals for LINK, leading to increased buying from this group of investors.
Looking Ahead: Can Chainlink Sustain the Momentum?
Whether Chainlink can sustain this momentum remains to be seen. The cryptocurrency market is notoriously volatile, and short-term price movements can be difficult to predict. However, the factors driving this surge - increased trading volume and potentially positive on-chain metrics - paint a cautiously optimistic picture.
For long-term investors, the key will be to monitor future developments within the Chainlink ecosystem. Continued growth in network adoption, active development from the team, and positive news flow can all contribute to the project's long-term success and potentially lead to further price appreciation for LINK.
Conclusion
Chainlink's recent price increase signifies a positive development for the project in an otherwise stagnant market. Increased trading volume and potentially positive on-chain metrics are encouraging signs. However, sustained growth will depend on the project's ability to continue delivering value and attracting users to its decentralized oracle network.
