LINKUSDT PARABOLIC?As Link continues to raise from 5.6 support area it becomes parabolic with no healthy retracement, once buyers are exhausted, retest of the low? or it will break from Weekly Resistance marked yellowby JohnDGreatPublished 2
Can Chainlink (LINK) Achieve a New Annual Peak?Chainlink (LINK) has witnessed a substantial surge in the past two weeks and is now approaching the prospect of a new yearly high. Both weekly and daily timeframe analyses exhibit bullish tendencies, which is supported by the price action MFI. How Far Can Chainlink's Uptrend Continue? Looking at the weekly technical analysis, LINK's price has been on the rise since June, recovering from a low of $4.75. This ascent resulted in the reclamation of the $5.80 horizontal support zone, which has been held since April 2022. Moreover, this upward trajectory was accompanied by a bullish divergence in the MFI. The Money Flow Index (MFI) is a momentum indicator for traders to gauge market conditions, identify overbought or oversold levels, and inform buy or sell decisions. Readings above 50 coupled with an upward trend indicate a bullish trend, while readings below 50 suggest the opposite. A bullish divergence arises when the MFI shows a lower value while the price is higher. The daily timeframe paints a bullish picture. Additionally, the MFI is holding strongly above 50. If the uptrend continues, LINK may reach the yearly high of around $8.80, which is 20% higher than the current price. However, given that the overall market is not bullish whatsoever, at this moment it is unlikely to make any significant breakthrough. Looking Ahead: Despite the current trend LINK is unlikely to rise significantly over the yearly high at $8.80. On the other side, if the price starts descending, the $5.80 support level will be the next target to the downside. by cryptohopperPublished 2
LINK: About to reach a year-long resistanceIn this chart, BINANCE:LINKUSDT is inching closer to a critical level wherein the coin is about to touch a year-long resistance line dating back to June 2022. The highlights shown are the instances of the price breakout rejection, making it the strongest resistance for the year. In my view, a breakout is possible if we see a candle confirmation along with a good buy volume and other indicators continue showing bullishness of the coin. What should we do then if it breaks out? Identify your nearest support. I would do the process by backtesting as well as plotting retracements, and presented in horizontal lines are the potential resistance lines based on mentioned processes, a given of which is the Fibonacci retracement of .382 level from its all-time high (ATH) to its low level of approximate $7.60. On the other hand, a rejection could happen based on the RSI being near the overbought territory, an indication of potential selling. For visual reference, check the vertical line on the July 2022 price. Should you trade this coin now? You could do a scalp if you have the setup, scalp long for me since the trend is still upwards. For intraday traders like me, I would wait until it hits on the resistance line or common support breakdown. Always have a plan whenever trading by identifying our take profit areas and stop loss. Happy trading! by luigi360swirlPublished 2
LINKUSDT short idea in weekly mapHello Dears The weekly trend is falling. The price has touched the important weekly trend line. Also, I saw divergence. JUST ENTRY SPOT !Shortby payamyektaPublished 6
LINK - Short ( 26 Sep - 01 Oct)Good luck to everyone! This analysis is for educational purposes only and does not constitute financial advice. Conduct your own analysis before making trading decisions. Shortby JorgeSoteloUpdated 1
RANGEis this the longest range ever or what :D rsi on HTF starts to look pretty nice for some long setupsby RedMegaManPublished 0
Weekly Imbalance Filling for CHAINLINK 🚀💼In the ever-evolving world of cryptocurrency trading, recognizing unique opportunities is essential for success. One such opportunity that often goes underappreciated is the concept of weekly imbalance filling. In this post, we'll dive into what weekly imbalance filling means and why it's crucial, especially for assets like LINK, which hold significant growth potential. Understanding Weekly Imbalance Filling: A Hidden Gem Weekly imbalance filling refers to the process of fulfilling previously unmet market orders, typically those accumulated during weekly price gaps. These gaps represent levels where market participants have unexecuted orders, creating a potential catalyst for price movements. Why It Matters: The LINK Perspective Chainlink (LINK), known for its innovative decentralized oracle network, is an asset with substantial growth potential. Recognizing the power of weekly imbalance filling can be especially beneficial for LINK traders and investors. The Potential Benefits: LINK's Growth Catalyst Filling weekly imbalances can act as a strong catalyst for LINK's price appreciation. By addressing these gaps, the price often experiences upward momentum as market orders are executed. How to Leverage This Opportunity: A Game Plan Identify Imbalances: Use technical analysis to locate weekly price gaps or imbalances on LINK's chart. Monitor Closely: Keep a close watch on these levels, as they may serve as key turning points for LINK's price. Trading Strategy: Develop a well-thought-out trading strategy that incorporates weekly imbalance filling as part of your decision-making process. Risk Management: Always employ sound risk management practices to protect your capital. Conclusion: Seizing the LINK Opportunity In the dynamic world of cryptocurrency trading, it's crucial to stay vigilant and explore all potential avenues for profitable opportunities. Weekly imbalance filling represents one such avenue, and when applied strategically, it can serve as a powerful catalyst for LINK's growth. Chainlink's unique position in the blockchain ecosystem and its ongoing development make it a prime candidate for benefiting from this phenomenon. By understanding and harnessing the potential of weekly imbalance filling, traders and investors can position themselves for success in the LINK market. Remember, while this strategy holds significant potential, it's important to combine it with comprehensive analysis and disciplined risk management for a well-rounded approach to trading LINK. 🚀🔗🚀 ❗See related ideas below❗ Like, share, and leave your thoughts in the comments! Your engagement fuels our crypto discussions. 💚📈💚Longby Yaroslav_KraskoPublished 2211
#LINKUSDT #LQR #TOBTC #LaqiraProtocolThe price has been corrected to the source of its own downward wave. After confirming and matching with Bitcoin levels, you can open positions from certain Level . This analysis is not an offer to buy or sell. by tobtctradingPublished 3
LINK RANGE BOUND - BUT FOR HOW LONG?Have been monitoring link in this range for some months...the weekly range is clear as day. WEEKLY weekly price action is showing that the upper key area (red) is being rinsed out... everytime a wick moves into this area it is sold off. Now looking at the first three times price has entered, it has produced an engulfing candle, showing strong reversal, to lower end of the range, which is around 35% move... a move to the upside of the range is around 55%. So do the math. We have also been chopping in this range and managed to push out to the downside and tag the previous high (purple) which never got tested on the way up. The Green line - 'trendmaster / E9 sTM' flashed green on the past impulse leg up, as an entry rule when this switches we enter on a retracement, we have retraced all the way down to lower end of range and hovering above the level. E9 Overwatch is neutral. DAILY So on the daily i am currently monitoring this orange fibb / accumulation zone, we can see the bottom of the weekly range (whiite line), There are buy signals (light green candles) appearing from the Overwatch MFI. Just by looking at the price action i can see on a lower timeframe there is some accumulation patterns happening. his is in and around the area for previous impulse POC area. Something else to take note of is the recent Bearish engulfing candles do make me pause for concern. Moving forward would like to see a confirmation of a nice Bullish engulfing candle on the daily chart, when this happens i will update this and we can monitor moving forwards. Longby TraderE9Updated 1118
LINK Bulls Unleashed: Charting the Path to 7,300 in StyleAs we mentioned last time, LINK has found support around 6,000, and now a potential return to prices around 7,300 is possible if BTC continues its bull run. We could then target the next zone around 9,300. Click Boost for moreLongby ss-aaUpdated 0
CHAINLINK struggling to break the resistanceLINKUSDT is currently having dificulties breaking a major resistance at $7.50. The US dollar is on the rise after the FED hold and assets like cryptos are struggling to push to the upside in this risk-off context. A clear and strong rejection of this key resistance could created the momentum needed to go lower to my targets and even lower...Shortby UnknownUnicorn48526553Published 5
Link/usdt to fill in the volume between 8.11-12.95Super simple/quick look at link usdt/chart and we can see a lack of volume between 8.11-12.95 throughout the history of this coin whether the market takes it there or the market maker moves price there it will inevitably be filled just as the other price levels have been with buying/selling volume This isnt necessarily a trade setup but looking at it on HTF it makes sense to be looking for areas to buy and sell on this pair Wouldn't be shorting this recent pump here but looking for longs its likely this runs to 12$ before the end of the year (sometime in the next 3 months)Longby Trader_MDJPublished 112
Bull market around the cornerAfter a fair bit of pain for over 1 year now, most cryptos have been beaten into the dust. ChainLink being no exception, it has been trading in a tight corridor for a really long time now. Looking to buy into a spike pushing this back into an uptrend since it seems to have found quite a bit of demand in the green channel.Longby MysteriousPersianPublished 6
LINK Short2 Possible scenario for short position. Still go on a short. Will change my bias when the price breaks 9.69X area.Shortby TignoTradesPublished 8
LINKUSDTLINKUSDT is in strong bullish trend. As the market is consistently printing new HHs and HLs. currently the market is retracing a bit after last HH, which is also the 50% fib retracement level and the previous broken resistance might be turning as a support. if the market successfully sustain this bullish confluence the next leg high could be 7.5.by JustTradeSignalsPublished 228
LINK ShortPrice might move sideways, If Link continue to respect this supply zone, then wait for a break of structure then enter on a retest.by TignoTradesPublished 115