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LINKUSDT 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