LINKUSDT.P trade ideas
LINK: Consolidation before vertical leap?Link is known for being the type of coin that likes to consolidate longer periods, and then - out of the blue - shoots up +250-300% within just few days.
I'm not trying to predict when this happens, but I'm betting on that happening again. Looking for link to get near $30 when we finally clear that 18-20 usd region.
That's just how LINK operates in bull runs and in trending markets.
Only thing that's needed now is patience.
NFA
Enjoy.
LINK: Weekly RSI Above 50 -> Potential for a Multi-Year Bull RunLooking back at Chainlink's price history, we find a compelling pattern. The last time Chainlink's weekly RSI crossed above the 50 mark, it marked the beginning of a multi-year bull run for the LINK token. During that period, Chainlink witnessed substantial price growth, establishing itself as a leading decentralized oracle network.
While this indicator alone should not be the sole basis for investment decisions, it serves as a valuable tool for traders and investors to monitor and consider alongside other fundamental and technical factors. As the crypto market continues to evolve, Chainlink's performance will be closely watched to see if history repeats itself with another extended period of bullish.
Personally I have significant multi-year spot exposure for LINK token. No stop loss since this is more of a investment than a single trade.
Linkusdt Trading opportunityLet take a look at LINKUSDT, which is exhibiting a fascinating price behavior within two strong trendlines, signaling potential opportunities.
Price has been consolidating within two converging trendlines, forming a pattern that resembles both a falling wedge and an irregular triangle. This dual structure is quite intriguing, as both patterns can lead to significant price moves. The lower trendline has been acting as strong support, with the price consistently bouncing off of it. Meanwhile, the upper trendline is proving to be a formidable resistance level, which the price has struggled to breach.
Recently, the price made a bounce off the bottom trendline, suggesting that the next target could be the upside trendline. If the price can break through this resistance, it could lead to a substantial upside move. A successful break of the upside trendline could propel LINKUSDT towards the Major Supply Zone, offering traders an excellent opportunity for profit. However, it's important to wait for a confirmed breakout, as false breakouts can result in losses.
Keep in mind that this analysis is based on the current market conditions and should be used as guidance, not financial advice. Always do your own research, and make sure to manage risk accordingly.
Good luck, and happy trading!
Chainlink LINK Long Term Bull Run InvestmentChainlink LINK alert just went off
targets on chart ( would not recommend selling ... UNTIL Nov 2025 )
Market Cap 12.4B
Oracles / DeFi
Targets 26.732 / 32.530 / 38.369
Stop Loss 19.748
bearish div on the weekly ( at the moment )
bullish div on the daily ( playing out )
This is for ENTERTAINMENT purpose Only.
Not Financial Advise
Always DYOR ( do your own research )
LINK LONG D1Chainlink 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.
Link should be at 100 usd in a 24 month or lessBased on a synthesis of tokenomics, technical analysis, and the evolving landscape of decentralized oracle networks, several factors contribute to a bullish outlook for Chainlink's LINK token potentially reaching $100 or beyond.
Chainlink addresses a critical need in the blockchain ecosystem by providing reliable, decentralized oracle services, crucial for the functionality of smart contracts by bridging on-chain and off-chain data. Its utility and demand within the DeFi sector, as well as its role in facilitating seamless data transfer across various blockchain networks, underscore its intrinsic value.
The tokenomics and last on-chain big moves of LINK support its potential for significant price appreciation. With a fixed supply of 1 billion tokens and a distribution model that incentivizes node operators and ecosystem development, scarcity and utility drive its value. The token's use as collateral to ensure the fidelity of data, coupled with the slashing mechanism to penalize malicious actors, embeds a trust mechanism within its economy.
Technical analysis suggests a favorable outlook for LINK. Historically, specific technical indicators, such as moving average crossovers and relative strength index (RSI) positions, have preceded price increases. Furthermore, Chainlink's focus on expanding its network of oracles and its Proof-of-Reserves feature, which enhances transparency and verification of third.
LINK Looks ☀️ - Bullish Price Movement For the Next 24H & Week? Ark and 21Shares have integrated Chainlink to disclose reserves for their respective spot Bitcoin ETFs. The price of Chainlink rose by 3.45% in the past 24 hours. ATTMO predicts either sunny or partly cloudy weather for the next 24 hours and the week, indicating further upside and bullish price movement.
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#LINK/USDT#LINK
It is moving in a bearish channel on a 4-hour frame, and the price has committed to the green area at the level of 19.50.
We have a higher stability moving average of 100
We have bullish momentum on the RSI
Entry price is 19.95
First goal 20.28
The second goal is 20.61
The third goal is 20.97
Chainlink(LINK): Potential Head&Shoulder Pattern?Chainlink has had a nice drop, which we caught with the last TA, and now we see a nice formation of the H&S pattern here as well (which we also mentioned).
Now we are looking for that neckline zone to be tested and potentially broken, which would open a sweet opportunity for a short position here!
Swallow Team
LINKUSDT Bullish (4H Div, DOW HHs)Instrument has started its bullish price direction based on making DOW HHs and HLs supported by 4H Divergence. A buy stop is placed at previous HH. What do you think, will it break the HH and go up?
Trade Plan
SL: Previous LL
Entry: Buy stop @ break of HH
TP1 and TP2 based on 1:1 and 1:2
Note: Break even after TP1 is hit.
LINKUSDT - BULLISH OUTLOOKLINKUSDT is currently exhibiting a bullish divergence on the 4-hour (4H) timeframe, signaling a potential reversal in the prevailing downtrend. Additionally, the price has broken its lower high and formed a higher high, further supporting the bullish outlook.
Based on this analysis, a trading plan can be formulated as follows:
Entry: Consider entering a long position at the current market price of $19.03 to capitalize on the anticipated bullish reversal.
Stop Loss (SL): Place a stop loss order at $17.49 to manage risk and limit potential losses in case of adverse price movements.
Take Profit (TP): Set take-profit levels to achieve a 1:1 and 1:2 risk-reward ratio:
TP1: Set the first take-profit level at $20.57
TP2: Aim for the second take-profit level at $22.11
This trading strategy anticipates a bullish reversal based on the observed bullish divergence and the breakout above the lower high level. However, as with any trading strategy, it's essential to monitor the market closely and adjust the plan according to evolving price action.
Link/USDT Bullishthe chart shows Link weekly (red) and daily (green) support and resistance levels along with fib. on the daily time frame, Link has boken a resistance level (blue area) and retested successfuly broken the red resistance level will take link to the following targets:
T1: 23.5
T2: 29:1
T3:34.7
the fib levels were drawn from link ATH March 21