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ChainLink / TetherUS

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LINKUSDT trade ideas

LINK: Sweeping lows to Grow Faster 🚀💰Let's unravel the latest dynamics of Chainlink (LINK) as it navigates the crypto seas with a distinctive flair. LINK is currently dancing within an ascending channel, and recent liquidity sweeps above the upper boundary signal intriguing possibilities. Here's a breakdown of the current scenario and what traders might expect in the upcoming chapters. 📊🚀 Analyzing LINK's Chart: Ascending Channel and Liquidity Game Ascending Channel Dynamics: Charting the Trajectory: LINK is gracefully traversing within the confines of an ascending channel, showcasing a structured upward movement. Technical Significance: Ascending channels are often indicative of bullish trends, with higher highs and higher lows characterizing the pattern. Strategic Liquidity Sweeps: Breaking the Chains: Recent moves have seen LINK surging beyond the upper boundary of the channel, executing strategic liquidity sweeps. Fueling the Surge: The clearing of liquidity above resistance levels, often driven by stop-losses, acts as fuel for potential upward acceleration. Trading Strategy Insights: Retesting the Waters: Ideal Scenario: A retreat to retest the channel's upper boundary around $12 would not only validate the breakout but also offer an optimal entry point. Pooling Liquidity: A potential drop to $12 can attract liquidity and set the stage for a robust upward move. Catalysts for Growth: Stop Loss Dynamics: Recognizing that stop losses act as accelerators for upward movements, the market may capitalize on these fueling mechanisms. Key Levels: Keep a keen eye on critical levels, especially the retest around $12, for potential trend confirmation. Price Projection: Optimistic Outlook: In the event of successful retests and sustained bullish momentum, LINK could eye a significant hurdle at $20. Conclusion: Chainlink's dance within the ascending channel, coupled with strategic liquidity sweeps, sets the stage for an exciting chapter. Traders are advised to observe the potential retest around $12 as a strategic entry point, acknowledging the role of stop-loss dynamics in fueling rapid upward movements. ❗️Get my 3 crypto trading indicators for FREE! Link below🔑
by AlexWhale
LINK/USDT 4HInterval ChartI invite you to review the LINK chart in pair with USDT. First, we will use blue lines to mark the upward trend channel in which the price is approaching its lower boundary. In this situation, we will unfold the trend based fib extension and check the support areas. And here we can see that the price is above the strong support zone from $14.42 to $13.60, but if it goes lower, we can see a break from the channel and return to the support area at $11.31. Looking the other way, we see that first the price must overcome the important resistance zone from $16.57 to $17.31, which would also result in an exit from the channel and after breaking the resistance at $18.26, a path towards $21. Please look at the CHOP index, which indicates that we have more and more energy, on the RSI indicator we are moving around the middle of the range, but the STOCH indicator shows a clear recovery, which may result in a greater price drop.
by cryptodailyuk
Link to sink to <$10On the above 2-day chart price action has rallied 225% from the June lows. A number of reasons now exist to be short. They include: 1) Price action and RSI support breakouts. 2) Regular bearish divergence. 3) Past support confirms resistance. 4) The recent published ideas on tradingview.com. The herd are more bullish than a bull on steroids who has just returned from a restful 2-week vacation. Is it possible price go up further? Sure. Is it probable? No. Ww Type: trade Risk: You decide Short entry: $17 Stop loss: Will say elsewhere
Short
by without_worries
12
LINK → Chainlink Teacup and Handle Bull Pattern!? Let's Prepare!Chainlink is knocking on the door of the Resistance Zone and forming what appears to be a teacup and handle bull pattern! Do we long now? What should our signal to enter a trade be? How do we trade this? 🤔 Link completed its measured move up to the resistance zone, pulled back, and made another attempt to breach the $16.30 price but failed. If the teacup and handle pattern is truly playing out, we should be witnessing another weaker pullback to somewhere around the $14.30 price area (30EMA). If the price bounces at the 14.30 area, we may in fact be looking at a breakout of the Resistance Zone. So does that mean we long at the 30EMA? No. Because the probability of profit longing at a resistance zone is low. It's best to wait for the price to break the Resistance Zone, test it for support then long that support as depicted in my analysis. Until then, let's wait on the sidelines and see how this plays out! 💡 Trade Idea 💡 Long Entry: $18.30 🟥 Stop Loss: $16.10 ✅ Take Profit: $24.90 ⚖️ Risk/Reward Ratio: 1:3 🔑 Key Takeaways 🔑 1. Measured Move Complete. 2. Price near Resistance Zone. Wait for More Price Action. 3. Teacup and Handle Pattern Playing out? 4. Long Setup, Wait for Bounce at 30EMA or Break of Resistance. 5. RSI at 60.00 and above the Moving Average. Bias to Long. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
Long
by TraderEngineering
✴️ Chainlink Classic Flat (Irregular Correction 3-3-5)It seems people are complacent because Bitcoin is still trading above 40K... Here is the thing, when it changes it will happen by surprise, there is no time to act unless you are ready for the unexpected to take place. Chainlink is the same. Because prices are high and strong, it is easy to miss the bearish signals that are starting to show up. Bear volume going high... Bull volume going low. Very strong red days and already trading below EMA21. Based on EW Theory, this is a Flat or Irregular Correction. It is "irregular" because wave b ends up as a higher high compared to the start of wave a. The count goes 3, 3, 5 and after the correction is over, up again for months on end. Chainlink grew since June more than 260%. MA200 was conquered as resistance and now this level needs to be tested as support, to see if it will hold or will it break? Regardless if it breaks or holds, the level needs to be tested, so we can expect a drop towards 9 before anything new can show on this chart. The fact that people are complacent is a bearish signal. People are never complacent at the bottom, always at the top. When the "pop" happens, it is panic time... FOMO. Sell everything... What is happening?! Nobody could predict this... What is going on!!! Plan ahead of time. Yes, hope for more, for higher prices... Hope for the best, yes! But, prepare for the worst. Namaste.
Short
by AlanSantana
4
🔗(LINK):Strong Support,Oversold Stoch RSI,& Potential ScenariosAn analysis of Chainlink (LINK) highlights a strong support area, oversold Stoch RSI, and potential scenarios, offering insights for market participants. Key Insights: Strong Support Zone: The range of $13.50 - $15.00 is identified as a very strong area of support for LINK. Ascending Support Line: The ascending support line from mid-October aligns with the $13.50 - $15.00 support zone. Oversold Stoch RSI: LINK's Stoch RSI is noted as oversold, indicating a potential level of interest for investors. Potential Scenarios: Stabilization Scenario: If the price stabilizes in the support zone, a potential test of $17.00 - $18.50 is anticipated. Breakdown Scenario: Breaking both the $13.50 support and the daily support line could lead to a move to $9.80 - $11.50. #Chainlink #LINKUSD #CryptoAnalysis
Long
by Richtv_official
LINKUSDT at monthly resistanceLINKUSDT has hit the monthly resistance MR1 and the upward move has been blocked by the monthly resistance MR1. The price attempted this resistance a few weeks back and got rejected. However, it made another attempt last week only to result in being pushed down. The price is currently trading just below the monthly resistance. Once this resistance is cleared in coming days, the next target would be monthly resistance MR2 which is sitting around 27-30.6. Looking at the price action, it seems that the price will break this in coming days and head towards MR2.
by angela_altair