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ChainLink / TetherUS

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LINKUSDT trade ideas

LINK │ LONG │ 31.10.2023BINANCE:LINKUSDT.P Comment We approached the level after 6 days. There was a false breakout relative to the level, after which on the very next day, we approached the level again. The reaction to the false breakout is a strong move in the opposite direction, and although it occurred, in my opinion, the instrument is not being pushed down. This is because, on the next day, there was a strong upward movement and several approaches to the level. There are only very old levels above, and in my opinion, they do not have a significant impact in our current situation. Signals for level breakout close retest of the level; the instrument gradually approaches the level; accumulation of energy for level breakout; consolidation near the level; decrease in trading volumes before the level; a clear zone beyond the level; no response to a false level breakout; there is a reserve of technical ATR; the instrument is not following the market. the instrument is stronger than the market Signals against breaking the level here is little ATR remaining; the consolidation is quite wide; Order parameters (risk-to-reward ratio = 1 to 3) Open : 11.8147880; Stop loss : 11.7108480; Take profit :12.1266080; Disclaimer Every trader should make their trading decisions based on their own analysis and circumstances. The signals in this channel should be considered as an additional tool for your own consideration. Follow me and receive high-quality cryptocurrency market analysis!
Long
by phoenix_995
LINK is bullish now and many Traders don't see it 👀!!!LINKUSDT is in an ascending triangle which means the price is about to do a good bullish movement. The price can increase as much as the measured price movement ( AB=CD ) .The break out needed for increasing further has not happened but it should happen pretty soon. I hope you make good money in these exceptionally good days🤌 _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
Long
by CobraVanguard
3
Chainlink's (LINK) Phenomenal Growth Over the last two months, LINK has exhibited phenomenal growth. Since September 10, the asset has doubled in value, reaching a yearly high at the $11.8 mark. Currently, LINK is trading within a wide sideways channel, supported at $10.5 and capped by resistance at $11.8. The asset's priority remains to maintain its positive trajectory and to progressively scale new heights. Since the token hasn't reached these levels in the last eighteen months, strong resistance levels will be established as it approaches them in real-time. For buyers, the immediate targets could be the psychological threshold of $12 and then the $12.5 mark. In the event of a downturn or correction, LINK could test support levels at $10.50-$10.70, $10.30, and $9.65-$9.90.
Long
by DEXWireNews
SasanSeifi 💁‍♂Daily Price Analysis and Possible ScenariosHey there! In the daily time frame, as you can see, the price isn't showing any significant movement at the moment and is trading within the $11 price range, forming a range-bound pattern. The scenario we can consider in the daily time frame is as follows: after confirmation if the price falls into a range, it might experience a minor correction down to the $9.50 and $9 price range. Following a rebound from the liquidity zones, while keeping the support levels intact, we might witness renewed price growth. In case of a correction, for a better understanding of the continuation of the price trend, it's important to observe how the price reacts to the support levels. Moreover, another scenario to consider is that if, after the consolidation, it manages to break above the $12 resistance range and consolidates, there might be potential for further growth towards the $14 price range. 🟢 Keep in mind that these are just scenarios, and it's important to conduct your own analysis and consider other factors before making any trading decisions 😊📈📉 ❌ (DYOR) ⭕Of course, if you have any more inquiries or require further clarification, don't hesitate to reach out. I'm here to assist you! 🔹If you found this analysis helpful, please show your support by liking and commenting. Thank you! 🚀😊 🙌
by SasanSeifi
$LINK is very bullish at monthly close I am looking at this chart and thinking that the 9.5 resistance turned into a support at the arrow marker but will never look back and take off leaving everyone behind (exept the people that bought in the 550D range). 10 dollars was a psychological level for a day and then it moved to almost $12 for some good range and a real target. I dont think we will ever fall back into that psychological level because we already left it behind. November close is coming very soon and i think LINK wil act strong at the opening.
Long
by Tradingmarato
LINK- Inverse Head and ShouldersBackground: Since May 2022, Link is in an accumulation range. The range low is at 5.44. The range high is at 9.44. I consider the deviation below the range low in July as a Wyckoff Spring event. IMO, Link’s breakout is dependent on Bitcoin’s PA. Meaning, that If Bitcoin fails to break above 31.85K, Link will fail too. Price Pattern: It looks as if Link is about to complete an Inverse Head and Shoulders pattern. The neckline breakout point is at 8.48 USDT. Be advised that the range high of 9.44 USDT is close to the breakout target, and it is likely to be a tough nut to crack. Trade Idea: My premise is that if Link does manage to break above the range high, it will likely take-off. If you are considering taking this as leveraged trade, consider placing tour SL tighter. • Entry: 8.5 • SL: 7.17 • Target: 12:06. • R: R: 1:2.66 A breakout above the range high (if and when) is another trade opportunity.
Long
by NewThoughtCrypto
LINK May Undergo a Bearish Trend Reversal SoonOver the past few days, LINK has maintained a consolidation phase, trading within the range of $10.635 to $11.785. Earlier today, there was a breakout on the 1-hour chart, causing LINK to briefly move out of this sideways price channel. However, bears swiftly pushed LINK's price back into the channel. Nevertheless, there is still potential for the altcoin to break free from its consolidation phase in the next 24-48 hours. If LINK manages to close a daily candle above $11.785 within the next two days, it could potentially continue its ascent and reach $13.325. It's important for investors and traders to be aware of a medium-term bearish rising wedge pattern on LINK's daily chart, indicating the possibility of a correction occurring sometime in the next week. Adding weight to this bearish outlook is the daily Relative Strength Index (RSI) indicator, which has entered the overbought territory. Traders may interpret this as a signal to sell, potentially leading to an influx of short positions being initiated for LINK over the next few days. If this bearish scenario materializes, LINK's value may decline to find support at the immediate level of $10.635. Subsequently, sustained selling pressure could drive the cryptocurrency's price further down to the next support level at $9.175 in the following week.
Short
by StevenWalgenbach