LINK/USDT down price ideaHere is the short idea for the BINANCE:LINKUSDT .
The idea based on the fact that LINK has broken down the uptrend channel, moving currently within the downtrend channel and BTC is targeting 14K.
LINKUSDT.P trade ideas
🔍 Chainlink's $17.72 Support: A Critical Analysis 📉In the crypto realm, Chainlink stands out, its price swaying like a pendulum. 📈💼 Eyeing its chart, we zoom in on the 12-hour time frame, where $17.72 emerges as a pivotal support level. 🛠️💰 Beyond mere numbers, this mark embodies market sentiment, shaped by news and psychology. 📰💭 So, let's approach with a blend of technical prowess and market wisdom, ready to seize opportunities amidst the turbulence. 📊🔍 Stay sharp, stay informed, and remember: in crypto, fortune favors the bold. 🚀💎
🔗 Chainlink (LINK): Consolidating at Support! 📊🔄📉 Current Situation:
LINK is consolidating at a support level.
Opportunity identified for a long trade.
📈 Trade Plan:
Entry: Ladder into a long spot trade in the $17.50 - $19.00 support area.
Take Profit: Target the next resistance areas at $21.00 - $23.00 or $26.00 - $28.00.
Stop Loss: Set just below $16.00 to manage potential downside risk.
🔄 Strategy:
Utilize laddering to enter positions strategically.
Monitor price action for confirmation of upward movement.
Manage risk by adhering to stop loss levels.
📊 Note: Keep an eye on LINK's price dynamics and adjust the trade plan accordingly based on market conditions! #LINK #TradePlan #SupportAndResistance 📈🔗
Short-term LINK Price to Come Down to ~$15.4LINK has failed to break back into its original higher trading channel. The next large volume support is around $15.4 which we may see LINK fall too in the short-term. I am bullish on LINK long-term. This could be a great entry price to set a buy limit order.
LINK/USDT Trading ScenarioWe are considering the scenario of price movement for LINK.
The asset is in an uptrend. From the perspective of volume profile and participant transactions, the price is being pushed upwards.
Currently, after reaching a local maximum at $22.845, the asset has started a correction, and its price has decreased by more than 27%. Additionally, amidst the BTC correction, we can expect the continuation of the asset's price decline towards the levels of $14 and even $12.
We are considering this situation to increase the share of the asset in the portfolio with a long-term holding perspective aiming for profit maximization.
#LINK/USDT#LINK
The price is moving in a perfectly symmetrical descending triangle
It was broken higher and the moving average 100 broke
Current price 14.90
The first goal is 15.95
Second goal 16.28
Third goal 17.53
This is a sample breakout entryLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillu
LINK OUTLOOK👁️link was rejected at the 4-hour resistance level, which is why I am in a short position.
ChainLink(LINK): Potential Short Setup!Chainlink has been having very steep downward movement, touching that 100 EMA line while also breaking the supportive zone.
We are looking for a price to secure this zone fully and move towards 200 EMA, so let's see.
Swallow Team
Cryptolean Chainlink LINK Update After rejecting the key daily resistance zone of $22.10-$23.09, Chainlink found a support at $19.56 that I expect to hold.
A bullish reversal from the current price location or after a re-test of $19.56 will result in a bullish move to re-test $22.10-$23.09.
A bearish break-out of $19.56, the key daily support, will push LINK price towards the next support at $17.40, however the price action will be slow and choppy.
Intraday Chart
The LINKUSDT 4-Hour chart is neutral for now, but it is trying to break into the bullish territory above $21.06.
A break-out of $21.06 will increase a probability of a bullish move to the key intraday resistance zone of $23.48-$24.42, where I will be closely watching the #Chainlink price action.
A bearish rejection of $21.06 will lead to a slow and choppy price action first to $20 and, possibly, lower to the key intraday support at $19.
This bearish dip to $20 or $19 could provide a long trade opportunity.
Support once read!
Thank you!
LINK Chainlink Potential Retracement SoonIf you haven`t bought the dip on LINK:
Then using the Fibonacci Retracement tool, I believe there will be a new buy opportunity in the $17 - $18 range!
LINK Tweezer TopTreating this as a tweezer top. Confirmed up trend with a textbook harami cross as a tweezer top. Trend was definitely slowing down and should have told us the future was a little muddy. Retest of 16.5 is my target here.
LinkUsdt Elliott wave count
Watching for evidences for a deep retracement as 5 waves up ended 22.90.
Link may start a deep retracement wave 2.
RSI divergence may signal wave 5 finished 22.90.
Possible target 0.382 fib retracement for wave 2 where we have also wave 4 retracement.
If you want to see more and future updates follow me!
LINK Can be a good short and longHello Birdies,
Found another interesting play on link. It can go either way
Steps
We already have an internal BOS price can move up from here and than go short.
Our Fib Chart showing support right now. Extreme for that move is at 23.46
Rest of the chart is pretty simple
wait for BOS and retracement and than go
Chainlink(LINK): Plan A or Plan B? Litecoin has had a nice breakout from that sideways zone, which recently got tested alongside 100EMA.
We are not looking for a potential movement beyond that same broken zone (one more time) from where we will get more clarity for potential further movement.
What do you think we will see: plan A or plan B?
Swallow Team
LINK Long Opportunity | +35% Breakout $31 SOONLINK is lining up for a megaphone pattern. This pattern is not bullish or bearish but indicates a large move to come. I believe with the market sentiment, it's very possible we break up and out of this pattern, and historically, this would tell us that we are going to at least $30 , probably around $31.5 to be exact.
This would be a ~35% spot gain . I am going to wait for a ~3%+ break-out confirmation above the ceiling of the megaphone trend to enter a long position with a stop loss just under the previous channel floor, as shown on the graph.
Full disclosure also adding to fat bag on LINK because I am bullish over the long term!
DYOR and bring home those gains.
Long trade
13th March 24
3.00pm
1Hr TF
Entry 20.799
Profit level 21.464 (3.20%)
Stop level 20.141 (3.16%)
LINK Potential Break ?CHAINLINK set to create a new monthly High?
Recent price Swings, Money Flow divergences & Hammer candle pattern suggesting Bullish Trend.
LINK USDT BEARISH SHORTThree bullish waves completed
The ceiling of $22 has been seen and the liquidity has been taken above the resistance of 21. Now it is time to move to order lower blocks.
LINKUSDT|Important areas and roadmapHi guys
You can see the popular currency chart link in the daily time frame.
I have identified the important areas of supply and demand for you.
Although we have crossed the range area and we have a close candle above this area, but it is placed on an important daily supply area and also the return candle has stabilized.
To ensure the continuation of the uptrend, we need to wait for the daily supply area to break.
In the second scenario, we can enter selling positions in small time frames by seeing reversal patterns.
For the growth of the link, if he gives us a confirmation, we can expect to go up to the target (25.6-2703).
SUPPLY ZONE (17.2-18.2) - (17.8-18.8) - (25.6-27.3)
DEMAND ZONE (15-15.5) - (13.5-14.5) - (11.7-12.3)
