LINK PriceThe Chainlink (LINK) token has made a weekly bullish engulfing candlestick and reverted from the support mark of $12 this week.
LINKUSDT.3L trade ideas
$LINKUSDT TO HOLD 15.5 FOR UPSIDEKUCOIN:LINKUSDT
Ignition of Triple Bottom holding well at 16 level, a cooling off with a retest to 15.5 would be quite bullish to target 23 zone for about 37%. LTF on 4h or 1h could provide entry ideas at AOV especially a build up indicating appetite for a move higher. But always have a plan in case the character of price changes and you would look for an AOV entry at 11.5-12.7.
When planning moves we must consider the possibility of failure and you must manage risk and remember that CRYPTOCAP:BTC rules the show. CRYPTOCAP:BTC sitting in a Bull Flag but price is in the pattern until it isn't so in the event of a pullback, we would look for a discounted entry on $LINKUSDT.
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AOV - Area of Value
LTF - Lower Time Frame
Lingrid | LINKUSDT moved out of the CONSOLIDATION zoneThe price perfectly fulfilled my previous idea. BINANCE:LINKUSDT has broken through the downward channel, clearing the key level at 15.00. As I examine the current market dynamics, I think it's likely that the price has formed a double top pattern on the 1H timeframe. This suggests that there's a possibility that the market may retest the support level. Additionally, on the daily timeframe, the market has escaped the consolidation zone and closed above it. Going forward, I expect a potential rollback to the support level before resuming its upward trajectory by taking liquidity below the Friday low. My target is at the resistance level 17.50.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
#LINK/USDT#LINK
The price is moving in a bearish channel on the 12-hour frame and adheres to it well, and the price rebounded from the lower border of the channel at the green color at the price of $13.00.
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that was broken to support the rise
Entry price is 14.30
The first target is 16.50
The second goal is 17.70
Third goal 19.56
LINK Correction Analysis
It's not yet clear if the correction is over or not. Price is currently testing strong gray resistance.
I'll consider the bullish trend is back once we break the purple level.
The lack of RSI divergence still gives us a decent possibility that one more leg down is due.
LINK leads BTC pumpLINK is once again showing sings of an impending BTC pump. The last major pivot we saw was when LINK broke the monthly resistance. Before this the weekly was broken which is marked with an arrow. LINK broke all 4 EMAs on this most recent daily candle. This is a macro reversal, I expect over 21$ soon.
LINK Price Jumps 10% as it Completed Tests With the DTCCChainlink ( BIST:LINK ) social dominance reached a six-month peak on Friday, surpassing levels seen in the past six months, along with the token's price rally that began on Wednesday. Despite the price increase and rising talk about the token, on-chain data suggests that BIST:LINK holders have started taking profits, a sign of possible increasing selling pressure ahead.
Chainlink ( BIST:LINK ) has hit a six-month peak in the social dominance metric, indicating that the token dominates crypto-related discussions on social media platforms. The social dominance score for BIST:LINK is at 1.55%, meaning that nearly 2% of the discussions across social media platforms are related to the token. This is the highest level of dominance seen so far in 2024.
The increasing talk about Chainlink ( BIST:LINK ) could be a consequence of its recent rally. The token has posted gains for three consecutive sessions and trades around $16.60 on Binance, the highest level since April 12. BIST:LINK price has increased by 22% this week. However, this recent price rise could be about to lose momentum.
On-chain activity tracker Lookonchain shows that BIST:LINK holders have started taking profits on Friday. A trader tracked by Lookonchain sold 117,440 BIST:LINK holdings, worth $1.84 million and taking a profit of $205,800. It is important to note that profit-taking has just started in $LINK. Once it exceeds significant levels, it could indicate the likelihood of a price decline due to the increasing selling pressure. As of Friday, BIST:LINK holders have taken $2.26 million in profits by shedding their holdings.
In its pursuit to accelerate the tokenization of funds, the Chainlink ( BIST:LINK ) network has completed tests with the DTCC and ten participating firms. The test reiterated the ability of Chainlink’s Cross Chain Interoperability Protocol (CCIP) to serve as an abstraction layer between the DTCC and the many blockchains needed for integration now and in the future.
Chainlink price ( BIST:LINK ) is up 10% in the past 24 hours, riding the wave of this news and the broader bullish sentiment as Bitcoin price remains above $65,500. If the BIST:LINK bulls can push the price above the $16.863 resistance level, a flip of this roadblock into support will promote more buy orders. However, BIST:LINK would only be attractive to buy after the price records are stable, close to $18.320. In a highly bullish case, the gains could extend a neck higher to the $20.702 roadblock.
The daily price chart depicts a "Bullish Engulfing" pattern accentuating BIST:LINK 's bullish dominance. Chainlink's Relative Strength Index (RSI) stands at 62.24 which is prime for further growth.
Chainlink (LINK): Reached Major Resistance Zone !!!Chainlink is back with some liquidity sweeps after having that major breakout from 100 and 200EMA showing no remorse towards traders here.
As we broke those zones, we also entered the overbought zone with RSI, while the price is also testing now in that major resistance zone.
If all plays out nice, we should see one good rejection from here soon!
Swallow Team
LINK Broke Out From The Corrective PatternLINK Broke Out From The Corrective Pattern
During the last month LINK was developing inside a type of triangle and was not showing any direction.
Yesterday the price broke out of this consolidation showing strong bullish volume.
Furthermore, the daily candle managed to close above the pattern and was very bullish, thus appearing for a stronger bullish moment.
We can see the LINK to test the previous areas of the structure
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Breakout from downward trend line. Upwards nowWe have spotted Link breakout from downward trend line. Upwards now.
We will need a confirmation candle today to solidify the breakout.
Are you buying?
LINK: buy in mid-term📊Analysis by AhmadArz:
🔍Entry: 12.77 - 12.55
🛑Stop Loss: 12.28
🎯Take Profit: 13.24 - 13.65 - 14.11
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💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
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📉📈 LINK Trade Analysis 🔄💼Trade Overview:
LINK is exhibiting a triple bottom pattern with potential strength indicated by acceptance above the monthly open, signaling a shift in structure on lower timeframes.
Trade Strategy:
Entry: Consider entering into the buy zone between $12.50 to $13.50.
Take Profit: Set take profit targets at $16.00 and $16.80, with the next area of resistance at $18.70 - $19.50.
Stop Loss: Place the stop loss below $12 to manage risk effectively.
📊🔍 Monitor LINK's price movement closely for potential entry opportunities! #LINKTrading #CryptoAnalysis 🌐🔒
Chainlink (LINK): Re-Test Was SuccessfulChainlink had made a nice re-test (successful one) after that massive breakdown from upper zones.
We are now keeping an eye on that second re-test to that same 200EMA which could lead to further pressure and a movement to lower zones as well!
Swallow Team
LINK/USDT 4H ChartHello everyone, let's take a look at the LINK to USDT chart on a 4-hour time frame. As you can see, the price is moving above the local uptrend line.
Let's start by determining support and, as you can see, first we have a support zone from $13.77 to $12.90, then we have visible support at $12.34 and then the third support at $11.55.
Now let's move on to the resistance lines, as you can see the first resistance is at $13.98, if you manage to break it, the next resistance will be at $15.02, $15.71 and the fourth resistance at $16.67.
The RSI indicator and the STOCH indicator are approaching the lower limit, which may slow down the current correction, which will keep the price in the support zone.
Bullish Link UsdtLink usdt making harmonics pattern ar 1h time frame we can see a bullish rally at D point.
$link long after several weeks of downtrend , i see this trend reversing soon , many alts looking to have found support before bullish continuation
LINK Confirmed a Bullish Wedge PatternLINK Confirmed a Bullish Wedge Pattern
Link Confirmed a bullish wedge pattern showing in this way for possible growth.
The situation is a big complex if we focus on BTC moves as it looks bullish but on the other
hand it is not rising at all showing for a deeper correction.
This can move the liquidity to the other coins.
Considering that Link has reacted well several times it has chances to rise again and probably to perform well.
However, it is risky if we consider BTC developments.
Please manage the risk properly.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Silent break for LINKLINK finally come out from a bearish trend that was running from weeks. This was a silent break, without strong moves, so i think that it could range and retrace for a while, maybe till $14.00 and then start a pump till the resistance area at $20.5
Chainlink LINK Intraday Trade SetupThe chart highlights breakout/rejection points, criteria, and targets to execute on the trade opportunity.
LINK USDTLINK Setup. After a confirmed breakout from the marked zone in green, we could take an entry at 13.975. Remember stop loss is your friend. Everything is on the chart.
Entry 13.975
S.L 13.311
T.P 1 14.476
T.P 2 14.965
T.P 3 15.621
Short LinkUSDT 04/05 DAYTRADEIts possible just a pullback but we can take advantage and earn a good risk reward.
BUT for the trade to be good, we need divergence in the RSI, and a good change in character demonstrating the search for cheaper prices, therefore a drop in prices.
Let's wait and see the market's reaction.
