Chainlink (LINK/USDT) Bullish Momentum Setup
Current Price: $24.81
Support Level: $23.86
Resistance Level: $30.90
Key Levels:
- Stop Loss (SL): $23.86
- Take Profit 1 (TP1): $27.80
- Take Profit 2 (TP2): $30.90
- Risk-Reward (RR): 6.8
Analysis:
- Bullish Flag & Pennant Breakout: The chart shows a breakout from a bullish flag/pennant pattern, suggesting strong upward momentum.
- Above 21-Day EMA: LINK is trading above the 21-day exponential moving average, indicating a bullish trend.
- RSI: The RSI is at a healthy 55.57, signaling no overbought condition yet, and leaving room for further upward movement.
- Volume: A surge in volume during the breakout confirms market interest in this upward move.
Trade Setup:
- Entry: Once price holds above the support level at $24.80, a continuation towards TP1 ($27.80) and TP2 ($30.90) is expected.
- SL: A stop loss at $23.86 to manage risk.
Disclaimer:
This is not financial advice. Please conduct your own research before making any trades. All trades involve risk, and past performance is not indicative of future results.
LINKUSDT.3L trade ideas
Chainlink bull flag structureCertainly, let's analyze the chart pattern you provided.
**Chart Pattern:**
The chart displays a bullish flag pattern on the 4-hour timeframe for the Chainlink (LINK) / TetherUS (USDT) pair.
**Key Elements:**
* **Bull Flag Structure:** The chart shows a sharp upward move (flagpole) followed by a consolidation phase (flag) within parallel trend lines. This pattern often signals a continuation of the upward trend.
* **Breakout Point:** The price has broken above the upper trend line of the flag, confirming the bullish signal.
* **Previous High:** The price is currently below the previous high, indicating potential upside.
* **Flag Target:** The chart shows a potential target at 32.17, which is calculated based on the height of the flagpole projected from the breakout point.
* **RSI (Relative Strength Index):** The RSI is currently at 58.63, which is above the 50 level, this shows strong momentum to the upside
**Potential Price Targets:**
Based on the bullish flag pattern and the current price action, here are some potential price targets:
* **Short-term:** The immediate target is the previous high at 26.94. If the price breaks above this level, it could signal further upside potential.
* **Medium-term:** The flag target at 32.17 is a significant level to watch. If the price reaches this level, it could be a strong resistance level.
* **Long-term:** The overall trend for LINK is bullish, and a sustained break above the previous high could open up the possibility of further gains. However, it's important to consider that the RSI is currently overbought, which suggests that a pullback or consolidation may occur before the price resumes its upward trend.
**Additional Considerations:**
* **Volume:** Increased volume during the breakout can confirm the strength of the bullish move. Low volume could suggest a weaker move and potential for a reversal.
* **Support and Resistance Levels:** Identifying key support and resistance levels can help in managing risk and setting profit targets.
**Disclaimer:**
This analysis is based on technical analysis and does not constitute financial advice. It's important to conduct your own research or consult with a financial advisor before making any investment decisions.
LINKUSDT - Short Setup My main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels.
In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level lower.
But to take more statistically more probable trades we should wait for some type of lower timeframe confirmation. For me the best way to confirm higher timeframe context is structure.
So, if price closes below red line (MSB), we will have the valid short setup.
Your success is determined solely by your ability to consistently follow the same principles.
CHAINLINK - Altcoin season kingChainlink hit a massive leap the last week from 17-19$ range to the 23-27$ range we hit a 4H timeframe fair value gap so its possible this reversal could bring the price up to around 30-35$ and forward in the next weeks.
In my opinion right now is a perfect time to buy if you haven't bought already, just keep holding once Chainlink catches on and more people know about it i think it will explode.
LINK is bullish now and many Traders don't see it !!!As you can see, the price has been able to pass the cup and handle resistance, but this does not mean that the resistance is broken. We need to wait until this Weekly candle closes for the breakout to be confirmed. If we measure the AB range, which is $17.5 , and if the breakout is confirmed, we can say that the price will easily grow $37 equal to CD.
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Bullish Setup on LINK based on 15 min Time frame Bullish Setup on Link/USDT and LINK/BTC 🦋💹
Current Price (CMP): 25.8334
- Entry: At CMP
- Stop Loss (SL): 25.3
- Target: 27 ( on higher time frame chart is still bullish and use trailing stop loss along the way more than the lower time frame target)
Analysis:
- A Bullish Butterfly pattern is forming on the 15-min timeframe, providing strong support.
- Additionally, a Bullish Ascending Triangle pattern is visible on the 4-hour timeframe, reinforcing the bullish sentiment.
Risk-to-Reward Ratio:
- 4.5 – Favorable setup for disciplined risk management.
Strategy:
- Use a Trailing Stop Loss to secure profits as the price moves up.
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Disclaimer:
This idea is for educational and informational purposes only and does not constitute financial advice. Always perform your own analysis and consult with a financial advisor before making trading decisions. Trading in cryptocurrencies involves substantial risk of loss and is not suitable for every investor.
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$LINK analysis
1. Descending Channel Pattern:
- The price is moving within a large descending channel (in light blue). This channel has been forming since earlier in the year and appears to remain valid.
- Multiple touches at both the top and bottom of the channel suggest that this technical structure continues to be significant.
2. Inverse Head and Shoulders Pattern:
- There is an inverse head and shoulders pattern highlighted on the chart (with the "Head," "Left Shoulder," and "Right Shoulder" labels). This is a potential bullish reversal signal, and if confirmed, it could indicate a rise in price from current levels.
- Both the left and right shoulders are clearly formed, and the price seems to be near the neckline at this point.
3. Key Support and Resistance Levels:
- **Fibonacci resistance levels** are marked at 12.384, 15.015, and 18.704, which may act as significant barriers during an upward move.
- **Fibonacci support levels** at 9.270 and 7.257 are crucial zones where the price may find support if a downward move continues.
4. Potential Price Action:
- The suggested scenario in the chart indicates a possible short-term correction downward towards the support levels (likely around 9.270 or 7.257).
- Following this, a potential bullish reversal is anticipated, with a move back toward the 12.384 resistance level, which could complete the inverse head and shoulders pattern.
5. Overall Outlook:
- If the price reacts positively to the support levels around 9.270 or lower, and strong reversal signals emerge, there is a good chance the inverse head and shoulders pattern will complete, providing a strong bullish signal.
- However, if this pattern fails and the price breaks below 7.257, the risk of continued downward movement increases, and the price could drop to lower levels.
This analysis suggests that the market is at a critical point, and the next moves should be carefully observed for either confirmation of the bullish reversal or a possible breakdown to lower levels.
LINKUSDT.P | 3 Possible Entries Depends on Your Risk AppetiteLINKUSDT.P | 3 Possible Entry Zones Based on Risk Appetite
Zone 1:
Located below the 0.5 Fibonacci level of the last significant range.
Best suited if the price has spent a considerable amount of time above the range high.
Note: This zone may not be ideal in the current context as the conditions are not fully met.
Zone 2:Second zone is ideal trading area.
Aligns with a previous high and a demand zone confluence, offering a high-probability setup.
Zone 3:
Designed for cases of range low manipulation.
Look for price sweeping the range low before reclaiming it as a potential reversal signal.
For all zones wait for lower time frame market structure breaks upside.
First zone is not optimum I think.
Second zone is ideal trading area.
Third zone can be valuable in case of a market crash.
Linkusdt Let’s clear 27 first then straight to 34 . making higher highs and higher lows is bullish also accumulation looks solid obv looks good . Immediate support at 24.50 we will see if when it breaks up soon . Long term target for this coin is easily all time high no reason why this only has done 2x since the bull run begun ,
Frankly, I don't feel like explaining, the chart says it all !!BINANCE:LINKUSDT is forming a falling wedge on Daily timeframe , Up we go if we do breakout. the price can be bullish and I expect the price to go up to the Fibonacci line of 0.618 = $17 Stay tuned for more updates, thanks.
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
LINK LONG H4Chainlink is a blockchain-based middleware, acting as a bridge between cryptocurrency smart contracts and off-chain resources like data feeds, various web APIs, and traditional bank account payments. This way, Chainlink allows Smart Contracts to communicate with external resources on their own. LINK is an ERC20 token based on the Ethereum Blockchain. It is used to pay Chainlink Node operators for the retrieval of data from off-chain data feeds, formatting of data into blockchain readable formats, off-chain computation, and uptime guarantees they provide as operators. The Chainlink token is also used as a collateral for node operators, which prevents bad actors.
Chainlink Navarro 200 Pattern with Pennant Confluence – 7.7 R:R
Hello Traders! 👋
A highly promising setup is developing on Chainlink (LINK), where a Navarro 200 pattern on the 15-minute chart aligns with a strong pennant formation on the 1-hour chart. This confluence offers a Risk-to-Reward ratio of 7.7, making it a compelling opportunity for disciplined traders.
🔍 Multi-Timeframe Pattern Breakdown:
1️⃣ On the 15-minute chart, the Navarro 200 pattern is confirming its trend-continuation structure.
2️⃣ On the 1-hour chart, a well-formed pennant pattern acts as a higher timeframe consolidation, signaling a potential breakout.
3️⃣ The support level of 24.060 coincides with the pennant's lower boundary, reinforcing this as a strong entry point.
📌 Key Levels to Watch:
- Entry: 24.060
- Stop Loss: 23.470
- Targets:
- TP1: 25.580
- TP2: 26.400
- TP3: 28.000
This setup stands out due to its multi-timeframe confluence. The alignment between the 15-minute and 1-hour charts strengthens the case for a high-probability breakout, while the Risk-to-Reward ratio of 7.7 provides a lucrative opportunity.
🎯 Tips for Execution:
- Maintain strict risk management by adhering to the stop-loss level.
⚠️ Disclaimer:
This post is for educational purposes only and is not financial advice. Trading carries significant risk, and you should only trade with funds you can afford to lose. Conduct your own research and stick to your strategy.
Have you spotted this setup too? Let’s discuss your views and strategies in the comments! 💬
#Trading #Chainlink #Navarro200 #PennantPattern #HighRiskReward #TechnicalAnalysis #MultiTimeframe #Crypto
LINK | BULLISH ALTS | More Increases IF we see THISLink has recently increased over 160% - and that's an excellent increase in 3 weeks, let's take a moment to appreciate this and not be greedy!
Although it would have been most ideal to see LINK back up at ATH prices, more increases are on the cards BUT FIRST we need to reclaim a major resistance zone.
Here's my overview on Altcoins - specifically Altseason - at the current moment. Find it here :
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BINANCE:LINKUSDT