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ChainLink / TetherUS PERPETUAL CONTRACT

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LINKUSDT.P trade ideas

Chainlink (LINK) Poised for Further Growth Despite Bitcoin's recent correction, BIST:LINK maintains a positive market stance, continuing its upward trend. Currently, its price hovers near the resistance area of $15.9–$16.5. A successful break above this resistance could lead to seller reactions in the $17.10–$17.65 range. A breach of the $17.65 level might propel BIST:LINK to as high as $20, a price point not seen in the past eighteen months. In a less likely correction scenario, BIST:LINK could retreat to support levels at $14.4–$15, $13.5, and down to $12.25–$13. A major downturn would only be triggered by a substantial Bitcoin correction and BIST:LINK 's price falling below $10.
Long
by DEXWireNews
LINK/USDT 4HInterval ChartI invite you to review the LINK chart on a four-hour interval. As we can see, the price has overcome the downward trend lines, but currently the blue lines mark the upward trend channel that the price has created with upward movements. Let's start by laying out the Fib Retracement grid, which will help determine price support points, and we can see that first we have support at $14.80, and then we can see a strong support zone from $13.10 to $12.20. Looking the other way, we can similarly determine the resistance areas that the price must face. And here you can see the price approaching a strong resistance zone from $16.48 to $17.64. If the price breaks out of this zone and tests it positively, we may see increases towards the resistance level of $31. Please look at the RSI indicator because you can see that we are approaching the upper limit, but there is still room for further increases. However, the STOCH indicator shows an increase to the upper limit, which limits the upward movement and may result in a price recovery.
by cryptodailyuk
CHAINLINKChainlink occupies a significant role in the crypto space because it bridges the gap between the secure but isolated world of blockchains and the dynamic realm of external data. Here's how its importance unfolds: Connecting with Reality: 1. Smart Contract Enabler: Blockchains alone can't access real-world data like weather, prices, or APIs. Chainlink serves as a decentralized oracle network, enabling smart contracts to interact with this external information. This empowers smart contracts to trigger actions based on real-time events, unlocking possibilities like automated insurance pay-outs or dynamic lending rates. 2. Decentralized and Secure: Unlike centralized oracles vulnerable to manipulation, Chainlink relies on a network of independent nodes called oracles to source data. This decentralized approach fosters trust and eliminates single points of failure, boosting the security and reliability of data feeds. Enhancing the Blockchain Ecosystem: 1. Fueling DeFi: Decentralized finance (DeFi) applications like lending protocols and exchanges hinge on accurate and timely data. Chainlink plays a crucial role in powering these applications, ensuring efficient lending rates, automated collateralization, and seamless token swaps. 3. Expanding Use Cases: The potential of Chainlink extends beyond DeFi. It facilitates diverse applications like supply chain management, data marketplaces, and even blockchain-based gaming by providing verifiable real-world data and triggering actions based on pre-defined conditions. Overall Significance: 1. Unlocking Real-World Potential: Chainlink acts as a key intermediary, breaking down the walls between blockchains and the outside world. By enabling smart contracts to respond to real-world events, it opens doors for innovative applications and expands the scope of what blockchains can achieve. 2. Building Trust and Transparency: In an industry plagued by centralized control and lack of transparency, Chainlink's decentralized approach offers a breath of fresh air. By democratizing access to data and providing secure oracle solutions, it bolsters trust and transparency in the crypto space. Chainlink does not have much competition despite the role it plays in the DeFi space. The price is currently at a HIGH-RISK ACCUMULATION ZONE. A break-out is possible in either direction. We are looking at a retest entry if the price falls lower at around the 52-week Moving average or within our LOW RISK ACCUMULATION ZONE.
by Candles254
Trade Opportunity on LINK/USDT Pair using Stochastic RSI + TDIAnother trade opportunity based on same comprehensive technical tools. The stochastic RSI, scrutinized across lengths 11, 51, and 101, along with the Traders Dynamic Index (TDI), signals a compelling entry point my analysis strongly supports a short-term gain, with a conservative profit target set at 2.45. Let's seize this opportunity with calculated precision to avoid risking the loss , I will try to add a break even point later during the play! happy trading! with MEXC:LINKUSDT.P
by ama-Beeps
2
Counter-trend TRXUSDTDISCLAIMER: Trading Forex/Cryptocurrency involves risk and you may lose more money than you started with! These posts are not to be taken as financial advice and I offer NO guarantee that any of these ideas will result in profit. Also, trade ideas may change, depending on ever-changing market conditions. You are trading at your own risk and past performance is NOT indicative of future results. Please, know how much you are willing to risk on EVERY trade that you take and be SMART! Simplify your trading. Always measure your risk and be okay with being wrong ; ) Wait patiently and get the price that you want. Use the market. Don't let the market use you!
Short
by Simple_Renko