LINKUSDT.PHello Trader BINANCE:LINKUSDT.P
I personally have drawn from the lower low to the higher high area in the 4 hour time frame, and the area has rejected the specified price, so I am sure there is price weakening here. I placed a short sell for these pairs
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Disclamer: Not Financial Advice
LINKUSDT.P trade ideas
Possible Rebound at Converging Support to Continue Bullish TrendThe technical analysis of LINKUSDT shows a clear pattern suggesting a possible rebound on the horizon. Over the past three hours, the asset has been trading within an ascending channel, marking higher highs and higher lows. Currently, the price is at the lower end of this channel, coinciding with a crucial support level.
It's notable that this support level has an interesting history. In previous days, it acted as a significant resistance. However, once this resistance was overcome, it is now expected to function as a solid support. The convergence of this support with the lower line of the bullish channel increases its importance and suggests a strong demand zone at this price level.
Given this technical setup, we are likely to see a rebound from this point and a continuation of the prevailing bullish trend. Investors may look for buying opportunities at this level, with price targets set in line with the current uptrend.
It's important to note that technical analysis is a useful tool, but it's not infallible.
LINK → The potential is at +100%. Waiting for a breakoutBINANCE:LINKUSDT enters a new range, after updating the local maximum, against the background of the general market correction, the coin is declining. Support retest is possible.
The resistance at 18.320 plays a key role for the coin. A false breakout and correction is forming. A quick retest of the resistance or a pre-breakdown consolidation will hint that the market is ready to go higher. Now we should wait for a flat support retest and watch the price reaction to this area. A false breakout followed by price consolidation above this area will be a signal for buyers.
Resistance levels: 18.320, 0.618 Fibo (D1)
Support levels: 13.328, 16.60
The fundamentals are quite strong. The bulls need to consolidate above the key zone to make important decisions. The coin has a potential of +100%
Regards R. Linda!
Alikze »» Link | Support on the major ceiling💎 In the daily and weekly time, it is moving in an ascending channel, which is currently suffering after breaking the channel on the ceiling of the previous wave channel that broke.
💎 If this three-wave corrective movement ends in the green box area, I expect it to move towards the next target of the supply zone specified in the chart.
💎 The first scenario : in the corrective microwaves of these three waves, the last log seems to have finished the correction and the probable scenario is the completion of this correction in the support zone, which we must witness the continuation of the trend.
🔔 The second scenario : In addition, if it penetrates the green subbox, the next alternative scenario can be imagined for it.
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Lingrid | LINKUSDT trend CONTINUATION opportunityThe price perfectly fulfilled my previous idea. It hit the target level. BINANCE:LINKUSDT has continued its upward momentum, surging above the 17.00 level and maintaining its position above it. On the daily timeframe, we can observe a big bullish candle, which suggests a substantial accumulation of bullish pressure. This development signals that the market may be transitioning out of its accumulation phase, paving the way for an upward move towards the next significant resistance level. As the market gains momentum, it's likely to push towards this key level, potentially leading to further price increase. In this case I expect a classic pullback and continuation pattern to play out. My goal is the resistance zone around 20.00
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
LINKUSDT | MT Long H4 | Chainlink's Supply-Demand ZonePair: HTX:LINKUSDT
Timeframe: H4 - Medium Term (MT)
Direction: Long
Technical Confluences for Trade:
- Price have bounced off 61.8% Fibo retracement levels
- Price action is within two different parallel channels; 1 acts as a bottom channel support and the other is within a supply-demand zone channel
- Aiming for the 32.8% Fibo Retracement with 23.6% as the TP 1 level
Fundamental Confluences for Trade:
- Chainlink's progress has been remarkable and their latest application, Transporter allows users to move crypto assets and data across multiple networks.
- Further escalation of war risk may see risk assets get affected
Suggested Trade:
Entry @ Area of Interest 12.90 - 13.50
SL @ 11.59
TP 1 @ 14.48 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 16.03
Risk-to-Reward @ Approx. 2.26 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and am not responsible for any losses derived from it.
📈 LINK Long Spot Trade Analysis 📉Trade Overview:
After a significant upward move, LINK is now consolidating at a support level, presenting a potential opportunity for a long spot trade.
Trade Technical Details:
Entry: Ladder into a long spot trade in the $16.00 - $16.75 support area.
Take Profit:
First target: $18.60 - $19.60
Next resistance: $21.50 - $22.50
Stop-Loss: Set just below $15.50 to manage risk and protect against potential downside.
Trade Execution:
Monitor Entry Range: Ensure the price remains within the $16.00 - $16.75 range for entry.
Set Take Profit Levels: Prepare to take partial profits at the first target and the next resistance level.
Implement Stop-Loss: Place the stop-loss below $15.50 to safeguard the position.
📊 Stay vigilant and adjust the trade plan based on market conditions. #LINKTrading #CryptoAnalysis #SpotTrade 🌐🚀
LINK & the broadening rising wedge channel reversal patternLINK after a strong 2 weeks is starting to top out and needs a D HL to continue.
I scaled oit yesterday of most my remaining position and am now playing H OS for a D hl but
careful and with stops as i prefer 4h OS for W timeframe trades and LINK is looking
for a W LH.
this is a DISTRO subtype pattern a broadening rising wedge channel.
you also find them as falling wedge types.
Learn these pattern to help guide your decisions and make better trades.
I posted this xyesterday in my private room :
LINK H rising broadening wedge reversal pattern . LINK needs a D HL eventually. still riding 4h Ema but would not be surprised if we see D cons soon.
LINKI want to bring your attention to #LINK and #LINKBTC pairs
If we look at LINKBTC chart, we can see that on 19 of June 2023, this pair found its bottom:
we can see nice bounce;
RSI is iversold and forming bullish divergences on Lower Timeframes;
Currently, we are having almost the same view:
LINKBTC came to the same low level, where it was last time before the bullish Run;
RSI on lower level;
we see nice bounce and previous W candle close;
Now the question is IF #LINK will make the same run? #LINKBTC looks like wants to run until the previous high level.
and, Personally expect to see the coin at around 33$ to reach old ATH levels.
LINK/USDT Weekly Analysis - Potential W3 target @ $34 NOT FINANCIAL ADVICE
TL;DR Amazing weekly close last week, break above 200VWMA, potential W3 target @ $34
BINANCE:LINKUSDT just had an amazing week last week (+23%), with 50VWMA acting as support and a break above the 200VWMA.
If $12 was a local bottom, we could expect a W3 to the $34 area (1.618 fib of the last leg up). A HH above $23 would be a great confirmation.
Should Elliot Waves keep playing out, we could expect a W3 retracement to the $23 - $25 area, followed by a W5 to the $40 - $50 area. Take this with a grain of salt as it's still very early and we will need confirmations. 🧂
The Weekly RSI just got back above 50, leaving plenty of room for moves to the upside.