LINKUSDT IDEAUPDATE
Forming Bullish Flag in Daily.
Breakout can make a new high with 35-40% Bullish move ✍️
COIN DETAILS
The live price of Chainlink is $ 15.62 per (LINK / USD) with a current market cap of $ 8.88B USD. 24-hour trading volume is $ 521.89M USD. LINK to USD price is updated in real-time. Chainlink is +3.88% in the last 24 hours with a circulating supply of 568.10M. LINK Price History USD.
LINKUSDT.P trade ideas
Link shows strengthLink, like many times in the past shows strength during BTC weakness and altcoin weakness in general. Link is in its own realm when it comes to digital assets, and should be a staple of any newer crypto investors portfolio imo. I plan on cold storing my link for years to come. The token remains above the monthly breakout, I marked a horizontal channel that it looks to be testing. this is the first uptrend within that is entirely green candles. Id love to see Link flip this channel to support and base for the first price target ( dashed green).
Chainlink(LINK): Getting Ready For Another Rejection?LINK coin is another one that caught our attention with a great possibility of downward movement here!
We see that upon reaching that upper line of BB, we are getting rejected multiple times and now we are seeing that last time we had reaction, we had a really nice attempt to move further but we got stopped by 100EMA
We are looking here for a good rejection to happen (another one), and once we get it, we will be looking for a short here!
Swallow Team
ChainLink(LINK): Broke The Neckline !!!After monitoring this one for very long, we are finally seeing some breakdown attempts near the neckline zone. As we broke that zone, we also went for a re-test, which is currently showing bad signs. But we are not rushing and we are getting ready for a potential position here, which means that if daily candle closes again below neckline zone, this would indicate to a potential overweight of bears (which is also a good start for a downward movement)
Swallow Team
CHAINLINK ELLIOT WAVE ANALYSIS Navigating this chart poses quite a challenge given the intricacies of the candlestick formations. Despite this complexity, I've endeavored to apply my understanding of Elliott Wave Theory to analyze and potentially forecast future movements. However, I acknowledge the possibility of error, whether it's due to miscounting waves or other factors. I welcome alternative perspectives and suggestions.
Upon studying the chart, it appears that CHAINLINK has been undergoing a corrective ABC wave pattern since its inception, reaching a peak in 2021 before embarking on a corrective phase. The analysis becomes particularly nuanced due to nearly a year of consolidation, forming a triangle pattern likely indicative of the final wave C within its correction. If my interpretation is accurate, CHAINLINK has recently completed wave 1 and is poised for a correction with wave 2. This correction may target the 0.764 extension level or potentially fall below it. At present, the short-term trend appears bearish while the long-term outlook leans bullish.
#1 Link. Is it the start of a big move?Link/USDT
On the weekly chart we can see it holding above the major support of $13.60, this is a long term support, it is reacting well as of now. As long as the price is above that support, it might start moving higher into the major resistance of $21. I expect a pullback as soon as we see it around $21-$22 to $17-18 region and then we will decide what is more probably to happen. As of now, price action looks fine. The daily chart had a goldencross, which means the trend is to the upside and every EMA acting as support. I like it. I believe it's gonna pay!
#LINKUSDTAt the current price of 14.18 dollars, Link currency has been between the two specified ranges for almost 2 months. As long as the yellow trend line breaks down and the support box does not stop the price from falling, it will reach the lower prices that we specified.
For the bullish scenario, which is not too far from the mind, it should reject the resistances of 14.8 onwards and the above box will give us high growth and profit if it is broken.
Technical analyst: Amir Hassan Salek
✴️ Chainlink Down-Move (Correction) MappedThe wave pattern is for illustration purposes only as the down-move can develop in any size or shape... Not once since September 2023 did Chainlink close 4 days red, until yesterday.
After peaking 28-Dec., the same day LINKUSDT closed red as well as on the 29, 30 and 31st of December, completing four consecutive days closing red.
The orthodox end/top of the bullish wave happened 11-November 2023, the rest is part of an irregular correction.
➖ 30-Dec. LINKUSDT moved and close below EMA10/21.
➖ 31-Dec. bearish confirmation takes place.
➖ The RSI moved below 50...
These signals point toward lower prices.
All the action happening near resistance is likely a distribution phase, this will only become true if a breakout is the next move.
The potential correction is clearly depicted on the chart.
Namaste.
LINK - flat correction is almost overHello, Skyrexians!
Today we have an analysis on very strong fundamental altcoin LINK which showed very small correction in comparisson with other crypto assets. Price has a clear Elliott waves structure. After impulsive wave price ended the correction ABC and now in my opinion is forming the new impulsive wave from 0.5 Fibonacci zone.
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LINK : Still +50% UPSIDE Possible📉Hi Traders, Investors and Speculators of Charts📈
Chainlink / LINK is an altcoin that still has massive upside potential for the coming bull season. If you have been following me for a while, you'll know I've been saying we are trading in the opening moments of a new bullish cycle . I've also referred to this as Elliot Wave Theory Wave 1.
According to my plan, this is the first impulse wave towards the upside. But the upwards wave are always followed by correction waves; a natural part of any cycle. I expected the correction phase to be close to/ before the BTC halving which is in April.
For the near term, I'm expecting LINK to trade range between the upper resistance and lower support as pointed out on the chart, roughly $2 up or down. This is a great re-accumulation zone, incase you missed the first lower-accumulation entry point.
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CryptoCheck
CRYPTOCAP:LINK BYBIT:LINKUSDT.P BINANCE:LINKUSD.P BINANCE:LINKUSDT COINBASE:LINKUSD
LINKUSDT.3HBased on the provided market data for LINK/USDT:
- Current Price: $13.90
- 4-hour indicators: RSI is 31.30, MACD is -0.324, Bollinger Bands are at 15.600
- Daily indicators: RSI is 43.74, MACD is -0.061, Bollinger Bands are at 16.235
- Weekly indicators: RSI is 64.78, MACD is 1.892, Bollinger Bands are at 19.260
The Relative Strength Index (RSI) on the 4-hour chart is currently quite low, indicating that LINK could be oversold and might experience a price reversal. However, the MACD on the same timeframe is negative, suggesting some bearish momentum.
On the daily chart, the RSI is relatively neutral, while the MACD is slightly negative. This could indicate a potential sideways movement or a slight bearish trend in the short term.
The weekly RSI is in the bullish zone (above 50), and the MACD is positive, indicating a potential bullish trend in the longer term.
Support and resistance levels are as follows:
- 4-hour: Support at $14.63, $13.70, and $13.34. Resistance at $14.842, $15.54, and $16.77.
- Daily: Support at $13.50, $12.70, and $12.057. Resistance at $16.34, $17.35, and $18.59.
- Weekly: Support at $12.412, $11.50, and $8.847. Resistance at $17.81, $19.337, and $20.86.
In conclusion, the short-term charts indicate a bearish or sideways trend, while the longer-term charts suggest a potential bullish trend. It is advisable to keep an eye on the market for any changes in these indicators that could signal a shift in the market direction. Please note that this is just an analysis based on the current market data and not a definitive prediction. Always do your research and consider your risk tolerance before trading.
LINK/USDT 4H ChartI invite you to review the LINK chart in pair with USDT. Let's start by identifying the downward trend channel from which the price broke out at the bottom using the blue lines. However, here the exit from the channel could have resulted in a drop close to the height of the channel itself, which indicates a potential place for further declines. Locally, we can mark a downward trend line that keeps the price in a downward movement.
After unfolding the fib retracement grid, you can see how the support at $13.91 kept the price from falling further, but if the price breaks below the current support, we still see a very strong support zone from $13.17 to $12.22.
Looking the other way, we can also determine the resistance areas. And here there is visible resistance at $14.73, and when the price breaks out, it will have to face a strong resistance zone from $15.98 to $16.63 before moving towards the new ATH.
Please look at the RSI indicator as there is still room for growth, but the indicator is starting to turn down again. However, on the STOCH indicator we are moving at the lower part of the range, but here too there is no energy for a stronger upward movement.
LINK Plan 0.07The link’s graph is moving in an Elliott wave pattern. Wave S2 has an a-b-c subwave structure, which is a correction flat (weak b). Currently, it is decreasing in wave c of wave S2, which is an impulse or motive wave. Wait for a retracement in subwave wave c, and then enter the trade at wave b to target wave c of wave S2.
***Don't forget to set the stop loss and manage your money.