LINK/USDT Trading ScenarioWe are considering the scenario of price movement for LINK.
The asset is in an uptrend. From the perspective of volume profile and participant transactions, the price is being pushed upwards.
Currently, after reaching a local maximum at $22.845, the asset has started a correction, and its price has decreased by more than 27%. Additionally, amidst the BTC correction, we can expect the continuation of the asset's price decline towards the levels of $14 and even $12.
We are considering this situation to increase the share of the asset in the portfolio with a long-term holding perspective aiming for profit maximization.
LINKUSDT trade ideas
This is a sample breakout entryLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillu
Cryptolean Chainlink LINK Update After rejecting the key daily resistance zone of $22.10-$23.09, Chainlink found a support at $19.56 that I expect to hold.
A bullish reversal from the current price location or after a re-test of $19.56 will result in a bullish move to re-test $22.10-$23.09.
A bearish break-out of $19.56, the key daily support, will push LINK price towards the next support at $17.40, however the price action will be slow and choppy.
Intraday Chart
The LINKUSDT 4-Hour chart is neutral for now, but it is trying to break into the bullish territory above $21.06.
A break-out of $21.06 will increase a probability of a bullish move to the key intraday resistance zone of $23.48-$24.42, where I will be closely watching the #Chainlink price action.
A bearish rejection of $21.06 will lead to a slow and choppy price action first to $20 and, possibly, lower to the key intraday support at $19.
This bearish dip to $20 or $19 could provide a long trade opportunity.
Support once read!
Thank you!
LinkUsdt Elliott wave count
Watching for evidences for a deep retracement as 5 waves up ended 22.90.
Link may start a deep retracement wave 2.
RSI divergence may signal wave 5 finished 22.90.
Possible target 0.382 fib retracement for wave 2 where we have also wave 4 retracement.
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LINK Can be a good short and longHello Birdies,
Found another interesting play on link. It can go either way
Steps
We already have an internal BOS price can move up from here and than go short.
Our Fib Chart showing support right now. Extreme for that move is at 23.46
Rest of the chart is pretty simple
wait for BOS and retracement and than go
Chainlink(LINK): Plan A or Plan B? Litecoin has had a nice breakout from that sideways zone, which recently got tested alongside 100EMA.
We are not looking for a potential movement beyond that same broken zone (one more time) from where we will get more clarity for potential further movement.
What do you think we will see: plan A or plan B?
Swallow Team
LINK Long Opportunity | +35% Breakout $31 SOONLINK is lining up for a megaphone pattern. This pattern is not bullish or bearish but indicates a large move to come. I believe with the market sentiment, it's very possible we break up and out of this pattern, and historically, this would tell us that we are going to at least $30 , probably around $31.5 to be exact.
This would be a ~35% spot gain . I am going to wait for a ~3%+ break-out confirmation above the ceiling of the megaphone trend to enter a long position with a stop loss just under the previous channel floor, as shown on the graph.
Full disclosure also adding to fat bag on LINK because I am bullish over the long term!
DYOR and bring home those gains.
LINKUSDT|Important areas and roadmapHi guys
You can see the popular currency chart link in the daily time frame.
I have identified the important areas of supply and demand for you.
Although we have crossed the range area and we have a close candle above this area, but it is placed on an important daily supply area and also the return candle has stabilized.
To ensure the continuation of the uptrend, we need to wait for the daily supply area to break.
In the second scenario, we can enter selling positions in small time frames by seeing reversal patterns.
For the growth of the link, if he gives us a confirmation, we can expect to go up to the target (25.6-2703).
SUPPLY ZONE (17.2-18.2) - (17.8-18.8) - (25.6-27.3)
DEMAND ZONE (15-15.5) - (13.5-14.5) - (11.7-12.3)
LINK Potential Bullish Momentum
Promising trading opportunity for LINKUSDT on the daily timeframe, employing Fibonacci retracement levels from the high to low. Currently priced at the critical ~ 20-21$ mark it appears to be at a key level, with the potential for a bullish move. The Fibonacci analysis has led to the establishment of three target prices at 1.618, 2.618, and 3.618 levels. If successfully breaks above 24$ and sustains trading above this level, it may pave the way for a short-term upward trend, with a target range extending up to ~$33.
I'm not a financial advisor, and the information I provide should not be considered as financial advice. Any decisions you make based on the information I give are your own responsibility. It's important to conduct your own research or consult with a qualified financial professional before making any financial decisions.