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 $37 equal to CD.
Give me some energy !!
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
LINKUSDT.P trade ideas
Bullish Setup on LINK based on 15 min Time frame Bullish Setup on Link/USDT and LINK/BTC 🦋💹
Current Price (CMP): 25.8334
- Entry: At CMP
- Stop Loss (SL): 25.3
- Target: 27 ( on higher time frame chart is still bullish and use trailing stop loss along the way more than the lower time frame target)
Analysis:
- A Bullish Butterfly pattern is forming on the 15-min timeframe, providing strong support.
- Additionally, a Bullish Ascending Triangle pattern is visible on the 4-hour timeframe, reinforcing the bullish sentiment.
Risk-to-Reward Ratio:
- 4.5 – Favorable setup for disciplined risk management.
Strategy:
- Use a Trailing Stop Loss to secure profits as the price moves up.
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Disclaimer:
This idea is for educational and informational purposes only and does not constitute financial advice. Always perform your own analysis and consult with a financial advisor before making trading decisions. Trading in cryptocurrencies involves substantial risk of loss and is not suitable for every investor.
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$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
LINK according to EliotMarket at this moment is showing the perfect story of the Elliot wave wave.. After the outbreak of liquidity on June 13, 2023, the link moved impulsively to its 5 waves.
Now we see that the correction took place at 0.61 Fibonacci, which I see as an ABC correction. The only thing I'd like to see at this point is fill the wick on the daily chart or at least half
Keep in mind that this is a large market cap and it will take time to realize this. The invalidation of this analysis is a return to the $8 range.
Tell me what you think about this analysis and whether you are buying now link?
LINK - Resistance at 20$ BROKEN - 60$/100$ next
Hello everyone,
An update on Link chart.
I have highlighted that we were nearing the end of the accumulation zone and would move to 20$. LINK has broken the resistance level at 20$ and moved even further.
I believe that LINK can do 60$ in Q1 2025 and maybe around 100$ in Q3 2025. Game is on!
NFA,
Cheers
Chainlink Targets $35: Key Resistance at $25 in FocusHello,
Chainlink (LINK) is maintaining strong bullish momentum, currently approaching the $25 resistance level. A confirmed breakout here could open the path toward $35 as an initial target. Monitor the price action around the resistance zone for confirmation. As always, ensure effective risk management is in place.
BR,
Chainlink (LINK): Possible Re-Test of The Broken ResistanceChainlink has a great possibility of upward movement but only once we secure the broken zone (orangle zone).
Recently we have broken the major resistance zone within the timeframe and we already see some kind of weakness to kick in, which is natural considering the fact that we had a huge volume break.
The gameplan is simple here: we wait for price to touch the zone and once we see some kind of bounce where price will secure this zone we will be looking for further movement to upper zones.
Swallow Team