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LINKUSDT.PS trade ideas

LONG #LINKUSDTLONG #LINKUSDT from $14.6 stop loss $14.3 15m TF. Despite the strong seller's pressure on the market, this instrument is held inside the sidewall and is perfectly bought off, there is increased activity from the buyer, trading volumes have grown locally, through the withdrawal of liquidity beyond the nearest minimum, they have squeezed under the previously formed hourly level from three touches at around $ 14.6, the breakdown of which I will consider, above there is also a cascade of highs on the senior TF which in turn will act as a magnet for price movement, I expect to see continued growth with the potential to reach $15.1
Long
by CScalp_EN
LINK/USDT Technical Analysis in Weekly Timeframe.Hello everyone, I’m Cryptorphic. For the past seven years, I’ve been sharing insightful charts and analysis. Follow me for: ~ Unbiased analyses on trending altcoins. ~ Identifying altcoins with 10x-50x potential. ~ Futures trade setups. ~ Daily updates on Bitcoin and Ethereum. ~ High time frame (HTF) market bottom and top calls. ~ Short-term market movements. ~ Charts supported by critical fundamentals. Now, let’s dive into this chart analysis: The LINK/USDT weekly chart presents a technical analysis highlighting key levels and potential future movements. The update covers a multi-year perspective, focusing on critical support and resistance levels, trendlines, and possible price action patterns. Key Highlights: ~ All-Time High Resistance: The chart marks the all-time high resistance level at $53, setting a target for the bull run. ~ Symmetrical Triangle Formation: The price action since the all-time high in 2021 has formed a symmetrical triangle pattern. Since last March 2024, it has rejected forming a consolidation pattern. ~ Strong Supporting Trendline: Since September 2019, LINK has respected a strong ascending trendline, which has acted as a critical support level through various market cycles. This trendline's integrity is essential for maintaining the long-term bullish structure. ~ Consolidation Zone: The green highlighted area between $7 and $9.5 signifies a significant consolidation zone where LINK has found strong support multiple times. This zone is important for price stabilization and potential accumulation. ~ Price Projection: The chart suggests a possible price decline to the lower end of the consolidation zone ($7) before a potential rebound. This projection aligns with the symmetrical triangle's support, reinforcing the importance of this level. ~ Relative Strength Index (RSI): The RSI indicator at the bottom shows a gradual recovery, currently around 47.11. A move above 50 could signal increasing bullish momentum although there is still room for further decline toward the oversold zone below 30. Sweet Entry for LINK: $6 to $8. Conclusion: The LINK/USDT chart presents a mixed outlook with the potential for both bullish and bearish outcomes. The blue dotted line along with 100EMA holds good support for LINK. A breakdown below this will likely continue the consolidation. DYOR. Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see! Thank you! #PEACE #Chainlink
by Cryptorphic
#LINKUSDT: Will ChainLink Break Falling Wedge or Slip Further?Yello Paradisers! Are you ready for a potential breakout or a looming drop of #LINK? Let's dive into the latest analysis of LINK and see what might be next for #ChainLink. 💎#LINKUSDT has been trading within a falling wedge pattern on the 8HR timeframe. We're anticipating a bullish breakout that could drive the price toward the upper supply zone. However, as of now, #ChainLink is retesting the falling wedge's upper resistance level, and there is a possibility that it might not successfully break out just yet. 💎If LINK fails to breach the upper resistance, it's likely to retest the Bullish Order Block (OB) around $13.55. This level is also the Point of Control (POC) line of the Volume Range Volume Profile (VRVP), making it a strong support level. 💎However, if BIST:LINK fails to hold at $13.55, the next support level to watch is at $12.62. This area is packed with liquidity, increasing the chances of a renewed bullish rally if tested. 💎If the $12.62 support level fails to hold, we could see the bears taking control, leading to a bearish rally. The overall market sentiment and Bitcoin's movement will significantly influence #LINK's price action, so keep a close eye on these factors. Stay focused, patient, and disciplined, Paradisers. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
Chainlink (LINK): Watching for Key Support LevelsAfter a strong initial rise following our entry, BIST:LINK has started to decline again, raising the possibility that Wave 2 might not be complete and could fall further. It is crucial that the price does not fall below the 61.8% retracement level around $11, which coincides with a small high-volume node. This level should ideally act as support. Falling below $11 could lead to a rapid decline towards the $7-$8 range. The RSI remains stable, suggesting that the current decline might be part of a normal corrective phase rather than a larger trend reversal. Therefore, we will keep our stop loss relatively wide to accommodate potential volatility, as we do not expect a fall below the $11 mark. If the price holds above this level, the bullish outlook remains intact. We remain cautiously optimistic about Chainlink as long as it stays above the $11 support level. Falling below this could signal a deeper correction towards $7-$8, which would be a significant bearish turn. For now, we maintain our position with a broad stop loss to manage potential volatility and are looking for another DCA bid. Yearly VWAP Analysis When examining the yearly VWAP chart for Chainlink, we notice that the 2023 VAH (Volume Area High) and the 2020 VAH have been respected well. The price has dipped into this zone three times, each time holding it effectively. The 2020 VAH and 2022 VAH are critical levels that need to be reclaimed and held to turn bullish. Reclaiming these levels is essential for a sustained upward move. There is also a possibility that the price could retest the 2020 VAH once more. It is crucial to maintain the support at around $12.18. We have been forming higher lows, indicating a generally ascending trend. This trend should not be violated by falling below the $12.18 support level. Successfully reclaiming the 2020 VAH at around $16 would be a strong bullish signal. Maintaining the $12.18 support level is crucial for continuing the ascending trend. Reclaiming and holding the 2020 VAH at $16 would confirm a bullish reversal. Maintaining higher lows suggests an overall positive outlook for Chainlink.
Long
by freeguy_by_wmc
LINK: up-trend📊Analysis by AhmadArz: This chart shows the ChainLink (LINKUSDT) pair on a 4-hour timeframe. The analysis is as follows: 1. Support and Resistance Levels:** -Resistance:** $17.417, $18.999, and $21.328. -Support:** $14.356 and $12.818. 2. Trading Strategy: -Wait for Pullback:** The price might drop to the support level of $14.356. -Enter Buy Trade:** After the pullback, entering at $14.356 is suggested. 3.Overall Trend:** Uptrend with typical fluctuations. If resistance levels are broken, higher price targets are possible. In summary, wait for a price correction and enter buy trades at support levels. 🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz. 💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets." 🚀Please boost and💬 comment to share your thoughts with us!
Long
by ahmadarz
Chainlink to sink 50%On the above weekly chart price action has rallied 300% from the lows. A number of reasons now exist to exit long positions. They include: 1) Support and resistance. Ever since price action broke market structure (look left) price action has been in a downtrend. At this time price action climbs to the broken structure area and finds resistance. 2) A weekly bearish engulfing candle prints at resistance. 3) Bearish divergence. A higher high in price action is met with a lower high in RSI. 4) Past resistance is yet to confirm as support before higher highs print. That resistance is around $8 or a 50% correction from current levels. Ww
Short
by without_worries
6