$LINK is going to break the line soon#link is going to break the line soon, I'm opening a long position x15 with the first TP at 15.5.
LINKUSDT trade ideas
LINK/USDT 1W chart reviewHello everyone, let's look at the current situation of LINK 1W interval. In this situation, we can see the price rebounding from the downtrend line.
Let's start by setting goals for the near future, which include:
T1 = $11.49
T2 = $13.66
T3 = $15.54
T4 = $17.27
Now let's move on to the stop-loss in case the market continues to decline:
SL1 = $9.27. SL2 = $7.35. SL3 = $5.53
Looking at the RSI indicator, we see
as the movement took place in the upper range, which could have influenced the change in the direction of movement, giving a price recovery.
$LINK analysis
1. Descending Channel Pattern:
- The price is moving within a large descending channel (in light blue). This channel has been forming since earlier in the year and appears to remain valid.
- Multiple touches at both the top and bottom of the channel suggest that this technical structure continues to be significant.
2. Inverse Head and Shoulders Pattern:
- There is an inverse head and shoulders pattern highlighted on the chart (with the "Head," "Left Shoulder," and "Right Shoulder" labels). This is a potential bullish reversal signal, and if confirmed, it could indicate a rise in price from current levels.
- Both the left and right shoulders are clearly formed, and the price seems to be near the neckline at this point.
3. Key Support and Resistance Levels:
- **Fibonacci resistance levels** are marked at 12.384, 15.015, and 18.704, which may act as significant barriers during an upward move.
- **Fibonacci support levels** at 9.270 and 7.257 are crucial zones where the price may find support if a downward move continues.
4. Potential Price Action:
- The suggested scenario in the chart indicates a possible short-term correction downward towards the support levels (likely around 9.270 or 7.257).
- Following this, a potential bullish reversal is anticipated, with a move back toward the 12.384 resistance level, which could complete the inverse head and shoulders pattern.
5. Overall Outlook:
- If the price reacts positively to the support levels around 9.270 or lower, and strong reversal signals emerge, there is a good chance the inverse head and shoulders pattern will complete, providing a strong bullish signal.
- However, if this pattern fails and the price breaks below 7.257, the risk of continued downward movement increases, and the price could drop to lower levels.
This analysis suggests that the market is at a critical point, and the next moves should be carefully observed for either confirmation of the bullish reversal or a possible breakdown to lower levels.
LINK USDT- CLICK HERE TO CHECK NEW ANALYSISThe breakout will decide the direction. We can go bullish or bearish, depends on bitcoin! Waiting for key zone
#LINK/USDT#LINK
The price is moving within a descending channel pattern on the 4-hour frame and is expected to break upwards after it has adhered to it to a large extent
We have a downtrend on the RSI indicator that is expected to break upwards and we have a trend to stabilize above it
We have a major support level in green at a price of 8
We have a trend to stabilize above the moving average 100, which supports the rise
Entry price 9.40
First target 11.32
Second target 12.63
Third target 13.86
LINK Analysis: Key Levels Triggers in Consolidation Phase✨ Welcome to Today's LINK Analysis
In today's analysis, I will examine the LINK token and identify key triggers for both futures and spot trading. I hope this analysis will be useful to you.
🔍 About Chainlink (LINK)
This project offers a highly intriguing concept. Its primary goal is to bridge off-chain data with on-chain environments. This means that off-chain data can be transferred to the blockchain without any alteration. LINK tokens can be used as a payment token within the platform and also for staking.
⏳ Daily Timeframe Analysis
Starting with the daily timeframe, after reaching the resistance level of $21.71, the price entered a consolidation phase, ranging between $21.71 and $12.95 for a while. During this period, the candle volumes gradually decreased until the $12.95 support was broken, causing the price to drop to the $9.51 support.
🔽After hitting this support, the price again entered a consolidation phase, even reaching the $12.95 level. Now, a range has formed between $9.51 and $12.95. A suitable buy trigger in the spot market would be the breakout of $12.95, with a stop-loss set around the $9.51 or, more riskily, $10.5 levels. A break above the 50 and 41.48 levels on the RSI could confirm the entry of momentum. Always make sure to set a stop-loss and manage your capital to avoid significant losses.
🛑 If you've already purchased LINK and are looking for a stop-loss point, the $9.51 zone could serve as a good stop-loss. For targets, the short-term target is $15.06, and for long-term holders, it's $21.71.
📈Futures Trading Triggers
For futures trading, $11.47 is a good long trigger, and $10.50 is suitable for shorts. To further assess the situation, let's move to the 4-hour timeframe.
⏳4-Hour Timeframe Analysis
In the 4-hour timeframe, more details are visible, and some solid futures triggers can be identified. Currently, the selling volume exceeds the buying volume, as the bearish waves have higher volumes compared to the bullish ones.
📈For a long position, the $11.69 trigger could target the top of the box, while breaking $12.95 would signal the main long position. A break above 62.42 on the RSI would be important and could indicate a bullish momentum shift, but it’s also crucial for buying volume to increase.
📉For a short position, the $10.43 break is suitable and could lead the price to the $9.51 floor. The volume and momentum are aligned with the market's downtrend. The main short position would be triggered by breaking the $9.51 level, which is LINK's most critical support. If this zone is broken, we could see a sharp decline in price.
❌Disclaimer
This is not financial advice; it is merely my personal opinion on how the coin might move. Always conduct your own research before making any decisions.
LINKUSDTThe current price is trading below the baseline and key technical indicators such as RSI and Williams %R, signaling a potential shift towards bearish control over the price movement.
LINK Long Position (Major Support Level)Market Context: Many altcoins, including LINK, have retraced to critical levels of support, presenting an opportunity for a long trade. LINK is positioned well for a potential bounce, providing a favorable risk-to-reward ratio.
Trade Setup:
Entry: Between $10.00 - $10.90.
Take Profit:
First target: $12.50 - $13.30
Second target: $14.50 - $15.50
Stop Loss: Just below $9.40.
This setup leverages the strong support zone and potential for a bullish recovery. #LINK #Altcoins #Crypto
LINK ANALYSIS (12H)From where we put the red arrow on the chart, it looks like LINK has entered an ABC.
Wave B is a diametric, we are now in wave g of this diametric.
The best range for the g-wave to end is the red range.
Closing a daily candle above the invalidation level will violate this analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Chain linklink technical analysis basically on elliott waves Principles and RTM price action strategy
link can be down to 8$ and then grow to 31$
wait and watch.
LINKUSDTLINK ~ 1W ✅
#LINK Make purchases gradually in this pattern. it is only a matter of time until this pattern is broken out and the bulls will return quickly.
#LINK/USDT needs to clear the Diagonal Trendline in 1-Hour TF!#LINK/USDT needs to clear the Diagonal Trendline in 1-Hour TF!
Wait for trendline breakout/retest to long $LINK. The local resistance level is PWH's $13, and the support level is PWL's $10.9.
LINK LONGBecause of the geopolitical situation LINK dropped 2$. I am still bullish on LINK that will go above 13$
80% correction for $2 Chainlink in play?On the above 12 day chart price action has rallied almost 300% since the lows of 2023. A number of reasons now exist for a bearish outlook. They include:
1) Broken RSI and price action support.
2) The RSI 50 level is an incredibly important level for chainlink overall. Look left. Red arrows. Rejection from 50 has never been a good thing for price action with the smallest correction at 30%.
3) The bear flags. They are exactly the same, width, angle. A new candle will print on Friday 16th of August. The candle body MUST print inside the flag to prevent confirmation.
4) Confirmation of no. 3 results in a forecast to the $2.50 area.
Is it possible price action stops current correction? Sure.
Is it probable? No
Ww
LINK ANALYSISWhat's coming soon? I don't know, but this analysis is just one possible guess and could be wrong.
Today the situation may be that people hope that it will rise back (denial).
MD
LINK/USDT 4h chart reviewHello everyone, let's look at the 4H LINK to USDT chart, in this situation we can see how the price has moved up from the downward trend line and, despite the current correction, it still remains above the trend line.
Let's start by setting goals for the near future, which include:
T1 = $12.78
T2 = $13.31
T3 = $14.21
T4 = $14.84
Now let's move on to the stop-loss in case the market continues to decline:
SL1 = $11.68
SL2 = $10.85
SL3 = $10.29
SL4 = $9.56
LINK - Three White Soldiers Candlestick PatternIn the weekly timeframe, a bullish candlestick pattern has formed on Chainlink.
The Three White Soldiers are characterized by three consecutive green candles. The higher the timeframe, the more powerful the pattern. We've recently observed an instance of the TWS pattern in the weekly, which was a precursor to a 136% increase:
However, the unfilled wick around $8 remains a concern - but also a potential for buying in / accumulating at a lower price.
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BINANCE:LINKUSDT
Chainlink Bearish Trend Confirmed (Fear vs Greed)We can see Chainlink (LINKUSDT) reversing before reaching its EMA233 resistance. A bearish signal.
We can see that this pair has been in a bearish trend since March 2024.
We can see lower highs and lower lows.
We can see the continuation of this trend.
We can see another drop coming next.
We tend to postpone taking action until the time is right and things only get worse every day.
With experience, we realize that the right time never comes.
After the event, we think... I could have done such and such, if only I had the courage to take action before it was too late.
The chart is bearish.
Chainlink moves together with Bitcoin, Ethereum, Binance Coin, Solana and the rest.
Chainlink being bearish confirms a bearish Bitcoin.
The reversal right below EMA233 is a strong bearish signal.
The potential is high for another drop.
Prepare for the crash.
The final one if 2024.
Thank you for reading.
Namaste.
LINK, slowly linking the UPSIDE...LINK is currently ranging at 7.0 levels -- a strong order block support which have been revisited many times but always bounces off it.
This time, the movement on this range is thinning out significantly -- a prospect we might see a squeeze to the upside anytime now and hit 9.0+
Spotted at 7.0
TAYOR,
safeguard capital always.
$link old but gold!Hi guys!
My two modes are now the same, though the red line is more likely to me, but it may go through the red line in a different shape.
But what is almost proven to me is that the BIST:LINK can be a little different than other altocins.
My previous analysis of the Altcoins was not right, but many of us thought there was a Bull Run for the altcoins, but now I have come to the conclusion that only a limited number of altcoins can experience Bull Run, one of which is $link.
thank you
LINKUSDTAT THE MOMENT, LINKUSDT IS IN THE ACCUMULATION PHASE WITH STRONG RESISTANCE BETWEEN BUYERS AND SELLERS, MEANING RETAIL TRADERS. AT THIS STAGE, WE NEVER TRADE.
Now, I'm expecting manipulation, and we have two scenarios:
The scenario I anticipate is a sharp drop in the asset to the order block or zone of interest, followed by a rise in the asset's price towards the stop-losses of the short-sellers.
Alternatively, a sharp increase in the asset’s price, absorbing the stop-losses of short-sellers trading from support/resistance levels, and then a drop to the zones of interest.
