Chainlink (LINK): Possible Head & Shoulder Pattern!Chainlink caught our attention in the daily timeframe, with a possible good drop to happen soon.
As you can see, we are seeing a nice H&S pattern where the price once broke the neckline zone and now went for a re-test of the EMAs and the broken zone.
From here on, we are looking for a nice rejection to happen and a downward movement to start!
Swallow Team
LINKUSDT trade ideas
What Is Happening With Chainlink?The last four days closed red on the LINKUSDT trading pair.
A common signal across all pairs showing top potential is the decreasing volume as new highs are hit. The decreasing volume is accompanied by a bearish divergence with the RSI; somethings weak, sometimes strong. In the case of Chainlink, the divergence is four months old.
Just closing below EMA10 changes the potential from bullish to bearish.
Closing below EMA21 confirms the short-term bearish bias.
Yesterday, LINKUSDT closed below EMA21 and before yesterday below EMA10.
Finally, we have a rounded top pattern and this can indicate that the top is already in place.
Patience is key.
We buy low to sell high.
Namaste.
Chainlink Bullish ProjectionHello there,
Chainlink shows a potential bullish projection to 18.33, provided that 12.68 remains intact. The alphabetical sequence follows W → XYZ, with four potential bullish targets.
Note: The price could pulse down before turning up, as a piece to note. So, close monitoring will be required.
Happy Trading,
K.
LINK looks bearishLINK structure looks bearish. We have had lower H and L .
So it is better to look for sell/short positions in resistance ranges.
We are looking for sell/short positions on the supply range.
Closing a daily candle above the invalidation level will violate the analysis
Note that the financial market is risky, so:
Do not enter a position without setting a stop and capital management and confirmation and trigger.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
CHAINLINK UPTREND CONTINUATION VS A WEAK PERFORMING DOLLARI am looking for the continuation of the uptrend we see on the larger timeframes on Chainlink USD, The Fed have decided to not cut interest rates, meaning in the dollar will have some short term strength, NFP and unemployment rates will be out today at 15:30 GMT and I can see them being negative, Chainlink on the other hand continues to keep stable prices acting unaffected by the other asset classes due to its inherent value.
Chainlink (LINK): Possible Rejection From 200EMAChainlink is back below 200EMA after having bounced from the bullish trend here.
He is keeping it simple here this time and looking for a possible rejection from 200EMA (which as of now has been working out well). So if we manage to secure this day as well as further downward movement, we should see a touch of trend this week!
Swallow Team
Incredible rebound on linkAs I said in my previous short idea, link is my top chart after the 4month consolidation.
this comes in confluence. A strong push from the 38.2 value area.
Looking for bulls to remain in firm control, if this H4 candle closes as an bullish engulfing pattern.
will update when candle closes.
Testing How to share trades for the first time. Hello to all of the traders out there. I am a moderator for the crypto banter school and will be sharing trading ideas and strategies soon. Anybody have any good tips on how to get links when we share that would be great. This is just a test. Good TA coming. Most people know me as CoinDivaSniper. Hello from the USA. What would you like to see charted?
LINK — Way To Go To Turn Bullish!LINK has been one of the stronger tokens in recent days. In fact, it recovered quickly from its drop below the crucial $13 level. However, LINK is still far away from turning bullish.
One of the best indicators to show this is the Ichimoku system.
When adding the Ichimoku to the chart, you can discover three aspects that need to change to turn bullish.
1—Despite several attempts, LINK didn't manage to break out of the cloud. This would be the first and essential step in establishing bullish momentum.
2 - The future cloud shows an upcoming bearish continuation. Although the cloud is getting narrower, we are still away from a crossover.
3 - The Kijun line (red) is getting closer to a crossover. A situation LINK should avoid by all means.
To initiate a bullish trend, the breakout to the top of the cloud would be essential.
Long position on LINKUSDT 49Min/ Volume PredictionBINANCE:LINKUSDT
COINBASE:LINKUSD
High-risk status: 4x-5x Leverage
Mid-risk status: 3xLeverage
Low-risk status: 2x Leverage
⚡️TP:
13.72
13.85
13.95
14.09
14.23
14.34(In Optimistic Scenario)
➡️SL:
13.28
13.07
12.85
The Alternate scenario:
If the price stabilize below the trigger zone, the setup will be cancelled.
3H late link update
Double top, both with clear rejection pattern
rejection of the ema200
rejection of the ema55
currently broken down with force bellow ema21
The weekly Link chart is one of the strongest after this 4month correction. It has very high compression and is ready for a strong push up
Now, the healthy targets of this breakdown are marked in green. that 's where I am accumulating
3H late link update
Double top, both with clear rejection pattern
rejection of the ema200
rejection of the ema55
currently broken down with force bellow ema21
The weekly Link chart is one of the strongest after this 4month correction. It has very high compression and is ready for a strong push up
Now, the healthy targets of this breakdown are marked in green. that 's where I am accumulating
LINK Looks Short Term Bearish!!!After breaking the previous weeks lows, the chances of us tapping the support again before a move up has increased.
Yellow arrows mark my areas of interest for a short & a long trade.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
LINK Facing Crucial Resistance (Again)After initiating a promising uptrend at the beginning of July, Chainlink (LINK) is once again facing its crucial resistance at $13.
Already at the beginning of July, LINK dipped below this level after having traded above since November 2023 (except for a short dip in Jan).
Based on the chart, this is one of the most essential areas for LINK. A dip below that isn't followed by a quick reconquer can initiate more downside potential and bring the $10 level back into the game.
However, the short-term outlook is mainly bearish (see 2nd attachment). LINK dipped below the Ichimoku cloud, printed a bearish cross, and the future cloud sends bearish signals.
Let's hope LINK can invalidate the signs and bounce quickly. Nevertheless, I wouldn't bet on this for the moment.
Trade Setup: LINK Long Spot PositionMarket Context:
LINK has retraced down to the next area of support, providing a potential entry point for a long spot trade.
Trade Parameters:
Entry: Ladder into a long spot trade in the $13.00 - $13.50 area of support.
Take Profit:
First target: $14.50 - $15.30
Second target: $16.25 - $17.00
Stop Loss: Set just below $12.30
📊 Monitor the price action closely for signs of support holding and ensure to adjust the setup based on market conditions to maximize the potential upside while minimizing risk. #LINK #CryptoTrading #TradeSetup 🎯