LINKUSDT.P trade ideas
Long to ATH ChainlinkI am strategically investing in Chainlink, a prominent decentralized oracle network, with a long-term perspective. By acquiring and holding Chainlink (LINK), I am positioning myself to capitalize on its potential to reach new all-time highs. This approach is rooted in the belief that Chainlink's technology plays a critical role in bridging blockchain with real-world data, a feature increasingly essential for smart contracts and decentralized finance (DeFi) applications. My investment strategy reflects confidence in the continued adoption and innovation within the blockchain space, anticipating that Chainlink's value will rise as the market recognizes its integral role in the ecosystem.
LINK/USDT at Critical Support: Will the Bears Take Over?LINK/USDT is currently trading just above the key marked support zone and has faced rejection twice from the falling trendline.
If the price fails to hold this support, further downside continuation is likely.
Stay tuned for more updates!
DYOR, NFA
TradeCityPro | LINK: Key Support and Resistance Analysis👋 Welcome to TradeCity Pro!
In this analysis, I will review the LINK token. Chainlink is one of the notable Web3 projects in crypto and ranks 14th in terms of Total Value Locked (TVL).
⏳ 4-Hour Timeframe: Break Below the Range?
In this timeframe, after the price reached the ceiling at $30.51, lower highs were recorded, and the price repeatedly tested the $19.98 support. Currently, the price has managed to close below this level on the 4-hour timeframe.
🔍 If the price establishes a lower high and a lower low below $19.98, it will confirm a trend reversal for this token. In this scenario, the price could potentially drop to $16.35. Breaking below 24.87 on RSI and continuing the increasing bearish volume could result in a sharp decline to the $16.35 zone. If this level is broken, the next support will be at $14.08.
📰 The current decline was primarily triggered by positive news for the US dollar a few days ago, which significantly impacted the market, leading to notable drops in many altcoins. If we consider this news to have only a short-term effect, there is a possibility that altcoins might fake out their support levels. Therefore, it’s advisable to identify a long trigger as well.
📈 If the $19.98 support proves to be a fakeout, a position could be opened based on the structure formed in lower timeframes. For the main long trigger, the first level to watch is a break above $25.45, which is the initial trigger. The next trigger is $30.51, the current ceiling of this trend.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
LINK Approaches Key Inflection Point within Symmetrical TriangleThe recent news highlights that Ripple is expanding RLUSD adoption by integrating Chainlink's price feeds, further enhancing the utility of stablecoins. This development could contribute to increased market interest in Chainlink (LINK). At present, LINK has reached a critical support and high-demand zone between $20.50–$21.50, where buyers have historically stepped in.
For those considering a short position, exercise extreme caution, as this zone is a strong support level. Place your stop loss very close to minimize risk, as a reversal or breakout could invalidate the trade quickly.
For those looking to go long, it is prudent to wait for a confirmed breakout above $23.00 to ensure the upward momentum is backed by volume and market strength.
The market is currently volatile and uncertain, so trade cautiously, ensuring proper risk management and patience for clear technical signals before committing to any position.
Chainlink: A New Opportunity with Reversal Trend📈 Chainlink has recently formed a "Head and Shoulders" pattern, but it hasn't played out as expected. It appears to be a liquidity grab, with the market moving in the opposite direction. This reversal could present a great entry point to capitalize on the upcoming bullish trend! 🌟
📌 Entry Point: $24
📉 Stop Loss: $19.5
🎯 Target Profit: $40
🔍 Based on current analysis, these levels suggest a strong short-term bullish move. Given the market dynamics and the reversal after the failed pattern, you can enter this opportunity with more confidence. 🚀
linkusdt buy"🌟 Welcome to Golden Candle! 🌟
We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎
Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫
Instead, they reflect our own 💭 personal attitudes and thoughts. 💭
Follow along and 📚 learn 📚 from our analyses! 📊💡"
$LINK (1D) Shorts?CRYPTOCAP:LINK (1D) – Potential Scenario Considering Correlation with BTC
There is an area of interest for CRYPTOCAP:LINK at $23.62–$24 (FVG), from which the price could theoretically start a decline. This area should only be considered if there’s a clear reversal setup and confirmed correlation with BTC.
For me, the priority remains waiting for the $26 zone to open a more precise short position.
Key Points:
• We have already taken out PDH and PWH, which could indicate a potential reversal from the $23.62–$24 zone.
• The $23.62–$24 (FVG) is a potential zone for shorts, but only if a confirmed reversal setup appears.
• For BTC, I expect a correction to the $102,975 zone, so CRYPTOCAP:LINK ’s behavior will directly depend on BTC’s dynamics.
My Plan:
I am closely monitoring the development of the situation in the $23.62–$24 zone. If a clear reversal setup appears there, confirmed by BTC’s movement, I will consider opening short positions. At the same time, the $26 zone remains a higher-priority level for a more confident short entry.
