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Chainlink

LINKUSD This forgotten crypto is giving a buy signal.Chainlink (LINKUSD) hit today the 1D MA50 (blue trend-line) for the first time in more than a month after a Double Bottom just above the 1.5 year Support Zone. This rebound has been accomplished after the 1D MACD formed a Bullish Cross within the Buy Zone and rebounded. Every time such a MACD rebound took place, the price has always hit $8.00. That is our buy target now and should be contained under the Lower Highs trend-line since the November 08 2022 High. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:LINKUSDLong
by TradingShot
6
Chainlink 50 % drop may come sooner than you thinkLink like many other altcoins remains bearish. For a time being the price seems to be getting rejected from the upsloping resistance line. We still expect 50 % drop. $3,50 - $3 can be a good area to accumulate link for the next bull market. It would be approx. 94 % drop from the all time high which sounds reasonable if we look at the altcoins % decrease in the previous bear market. Buying at $1,50 would be a gift, but it´s not sure if the market is gonna be not so generous. Chainlink is one of the projects that we believe in as its fundamentals are strong.
BINANCE:LINKUSDShort
by vf_investment
16
Recent Downtrend and Potential Future ScenariosOver the course of the last month, LINK has experienced a discernible decline in its market performance, primarily attributable to a notable decrease in demand. This decline became particularly evident when LINK's price broke through both dynamic and static support levels, occurring within the price range of $7. Consequently, LINK retreated to the support range that corresponds to the lower boundary of the weekly range channel. This recent downtrend, as observed on the daily timeframe, has prompted analysts to identify a key resistance level at approximately $3.8 for the short term. The significance of this resistance level lies in its potential to influence the cryptocurrency's price trajectory. If the price of LINK approaches this critical level and elicits a negative response from the market, it could signal a continuation of the ongoing downward trend. In this scenario, we might witness a sustained descent towards the lower boundary of the aforementioned weekly range channel. It is crucial to note that LINK's downward trajectory on the monthly timeframe adds another layer of concern. This long-term perspective underscores the possibility of a more profound correction for the cryptocurrency, especially in light of the broader market dynamics, such as expectations of a substantial correction for Bitcoin. Under these circumstances, there exists a palpable risk of LINK breaching the lower boundary of the channel and extending its descent towards the $2.9 range. In summary, LINK's recent performance has been marked by a downward trend fueled by reduced demand, as evidenced by the breach of critical support levels. The short-term outlook hinges on the response of the price to the $3.8 resistance level, with potential further declines if negative sentiment persists. Additionally, the monthly timeframe suggests the possibility of a deeper correction, influenced by broader market trends and the potential for LINK to breach the lower boundary of the weekly range channel, possibly reaching the $2.7 range.
by MonoCoinSignal
14
LINK/USDT Potential Bounce Back and Upward Movement 💎 Hello Paradisers, spotlight on this token! 💎LINK Dump Hard following BTC's descent to $24k. There's potential for a price rebound, forming a new leg, before it continues its downward trajectory towards the Bullish Order Block. 💎This Bullish OB, representing a robust demand zone, is an optimal point to consider acquiring Chainlink. 💎There's a high probability of a significant price bounce in this area, setting LINK on an upward path targeting the major supply zone. Given LINK's strong fundamentals in the crypto space, it's a worthy hold for the long haul.
by MyCryptoParadise_Nathan
$LINK; LONG SETUP- PENDINGHello friends, This is a free of charge BIST:LINK setup for everyone to share and enjoy. However, this is PENDING and AWAITING for more confirmation. I will update all when the trade is a go and or no go. Arguments- A beautiful bullish pat pattern has flew from the caves and printed a local double bottom right around the .786 fib which is the GOLD standard when looking for areas of potential reversal. Now, we are above a infliction point, HOWEVER it is still awaiting that confirmation hence why the trade is still PENDING, as of now. We see on the oscillator's that regular class a bullish divergence has also developed and is in the process of follow through i.e price action. My stop loss shouldn't be your standard, as everyone has different strategies, however this is something that I would do. This is not trading advise and this trade is not active. This is me sizing up an asset and waiting for the alert to hit send ;) GLHF
BITFINEX:LINKUSDLong
by BShellhammer
4HR: $LINK; Sizing Up- Too Much Demand?BIST:LINK at a key inflection point where sellers are trying to push price down, however buyers seem to be soaking up the demand and I would say it is a range bound asset between these areas. I pointed out 2 times via prior history where the demand shows to be too much for bears to bring down, as buyers push for a 10% mark-up once confirmation is in. IF BIST:LINK can confirm that these lows are in fact the bottom of the range i.e the potential double bottom, history shows that link typically swings upward of 10% once the bottom is hit and support broken/confirmed Just my thoughts and how one would use history to size up a asset and possibly put in a position and the arguments why. Thanks for reading
COINBASE:LINKUSD
by BShellhammer
LINK is Gearing up for a Bullish Move Howdy Paradisers! At the moment, LINK is reflecting a wedge pattern, with a significant observation being its trading stance in a potent demand zone and slightly above the EMA 50. 💎 Another consideration is that if the price dips back into strong support due to the market volatility that has been a common theme in recent days, it might consolidate. With an increase in selling pressure, this could potentially offset the bullish momentum. 💎 The POC of VRVP (Visible Range Volume Profile) is acting as a resistance point. If the price maintains its momentum, we might be on the verge of a substantial bullish move. 💎 Paradisers, always remember that in the ever-changing world of crypto, staying updated and adaptable is crucial. Keep an eye out for more updates and relish your trading journey with #MyCryptoParadise!
Long
by MyCryptoParadise_Nathan
2
Chainlink Update (The same playbook )Since October 2022 I have been getting things wrong with chainlink a lot , pretty much the only coin where I missed the target and time over and over . Most of the time its easier to trade Litecoin because it actually has organic movement. Chainlink has not been moving organically in my opinion , there is no historical price movement that we can compare this sideways movement for over 400 days. For me atleast it was looking like this was some sort of wyckoff accumulation period and we just had a spring event. In my previous TA I tried to give traders a heads up that this was highly likely a coordinated move to get Chainlink at much lower prices. It was very clear to me that this was the case just based on the wave of news and timing of the flash crash structure that came shortly after. Its the same playbook over and over if its not a ETF to bring price up , its SEC hammer to bring it down or "China ban" or Elon musk selling btc holdings for tesla etc etc you get the picture. So where are we now , still under the 1/2 Gann Fan , at 6.8 dollars Chainlink will be over the 1/2 Gann Fann , lets see if its start closing above it that would signal a big change for LINK in terms of market structure. We also have this very nice support line here which until now I didn't notice , seems to be bouncing off this support for a long time. As I posted in my previous post of LINK , my indicators have been flashing bullish divergence and 5 wave counts across the board. This EW count suggests wave 5 is in and target is just under 8/1 Gann Fan , very interesting. and finally we have the most important Chainlink chart , the LINK/BTC dominance last LINK TA I talked about potential hidden bullish divergence if it bounced on this trendline. We got that bounce. So to conclude here , never sell your Chainlink at these levels , there is clearly big things happening in the background , when a coin has coordinated attacks to dump price and goes into some sort of Wyckoff accumulation its extremely bullish long term it might not seem that way short term and its been a long road for LINK holders but the play in a bear/sideways market is always to load up on fundamentals .
COINBASE:LINKUSDLong
by Sporia
21
Navigating the Ascending Channel and ResistanceShort-term scenario: In the 4-hour chart, Chainlink is following an ascending channel pattern, which is a bullish sign. LINK's current price is around $8.00, near the upper Bollinger Band and the 0.618 Fibonacci level, which are both significant resistance points. The RSI and Stochastic Oscillator are close to overbought territory, suggesting the possibility of a slight pullback or consolidation. If the bulls can push LINK above these resistance points and the price sustains there, the upward trend could continue towards the previous peak at $8.464 and beyond. However, if LINK fails to break these resistance levels, we might see a pullback towards the middle Bollinger Band ($7.633) or lower. Do's in the short-term scenario: Monitor the $8.00-$8.05 resistance level closely. Watch the RSI and Stochastic Oscillator for signs of overbuying. Don'ts in the short-term scenario: Don't panic sell if a minor pullback occurs. It's normal in an uptrend. Don't ignore volume changes. They often precede price changes. Long-term scenario: In the daily timeframe, LINK is trading above the 0.236 Fibonacci level ($7.59), showing a strong bullish sentiment. However, it's approaching a strong long-term resistance zone ($8.4-$8.95), which it has previously struggled to break. If LINK manages to break and hold above this resistance zone, the bullish trend might continue with targets at the next Fibonacci level (1.0 at $8.464) and beyond. If not, we might see a consolidation or correction phase, with potential support at the 0.5 Fibonacci level ($6.613). Do's in the long-term scenario: Keep a close eye on the $8.4-$8.95 resistance zone. Stay updated with any fundamental news affecting LINK. These can have a significant impact on the long-term price trend. Don'ts in the long-term scenario: Don't ignore the long-term resistance zone. It's a critical level. Don't overlook market sentiment and broader cryptocurrency market trends. Most probable scenario: Given the strength of the long-term resistance zone and current overbought indications on the 4-hour chart, it seems likely that LINK may undergo a minor pullback or consolidation in the short term. The future trend will then depend on whether LINK can break through the $8.4-$8.95 long-term resistance zone. Do's: Consider setting stop-loss levels to manage risk effectively. Regularly review and adjust your investment strategy based on changing market conditions. Don'ts: Don't invest more than you can afford to lose. Cryptocurrency investments carry significant risk. Don't follow investment advice blindly. Always conduct your own analysis and research.
by MonoCoinSignal
20
LINKUSDT - $12 Likely during 2023Hi Traders, Investors and Speculators of Charts📈📉 Chainlink ( LINKUSDT) has recently made some big increases and it seems like this altcoin isn't done yet. The Technical Indicator in the Daily timeframe is extremely bullish; we see a bullish cross on the trendlines. From the weekly, we can clearly identify the market cycle of accumulation phase as being completed. In other words, we're at the foot of a new bullish cycle. You may need some patience for the second target, but a first target of 8.8 is very reasonable for the short term. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck ________________ CRYPTOCAP:LINK BYBIT:LINKUSDT.P COINBASE:LINKUSD BINANCE:LINKUSDT
Long
by CryptoCheck-
23
LINK ChainLink Growth Thesis | Trading at 52 week low Chainlink (LINK) is currently displaying a bullish signal as it bounces from its last support level. This price action indicates renewed buying interest and suggests a potential upward movement for the cryptocurrency. Chainlink (LINK) has established numerous partnerships across the blockchain and cryptocurrency ecosystem. Some notable collaborations include: Google Cloud: Chainlink partnered with Google Cloud to integrate its oracle services and bring real-world data onto smart contracts deployed on the Google Cloud platform. SWIFT: Chainlink collaborated with SWIFT, the global provider of secure financial messaging services, to explore how Chainlink's decentralized oracle network can enhance SWIFT's cross-border payments infrastructure. Oracle: Chainlink has a strategic collaboration with Oracle, a leading provider of enterprise-grade software and cloud solutions. This partnership aims to integrate Chainlink's decentralized oracle technology into Oracle's Blockchain Platform, enabling secure and reliable connectivity between smart contracts and external data sources. Binance: Chainlink partnered with Binance, one of the largest cryptocurrency exchanges globally, to support the development and growth of the decentralized finance (DeFi) ecosystem. This collaboration aims to provide secure and reliable data feeds to power various DeFi applications on the Binance Smart Chain. Polkadot: Chainlink has integrated with Polkadot, a multi-chain platform that enables interoperability between different blockchains. This partnership allows Chainlink's oracles to provide off-chain data to smart contracts deployed on the Polkadot network. Hedera Hashgraph: Chainlink collaborated with Hedera Hashgraph, a decentralized public network, to enable developers to leverage Chainlink's oracles for accessing real-world data on the Hedera network. This integration enhances the security and reliability of smart contracts built on Hedera Hashgraph. Based on this analysis, there is a potential price target of $8.70 for LINK. Looking forward to read your opinion about it!
Long
by TopgOptions
Shorting LINK: Overbought Conditions, TBO, and Fibonacci LinesIn this trading idea, we will explore the potential shorting opportunity for LINK/USDT, driven by recent news-induced overbought conditions and strong over-extension from the TBO Fast Line. The confluence of factors, including resistance at previous TBO Resistance lines and the 0.236 Fibonacci level, presents a compelling trade setup. Reasons we are looking to Short LINK/USDT: 1) Overbought Conditions: Recent news and hype have driven LINK to an extremely overbought state. Such excessive buying activity may lead to a price correction, providing an attractive opportunity for short positions. 2) Over-Extended from TBO Fast Line: The current green TBO Fast Line at 6.857 indicates LINK's significant deviation from its average price movement. Historically, such deviations tend to revert to the mean, potentially presenting a favorable shorting scenario. 3) Strong Resistance at Previous TBO Resistance Lines: LINK's price surge encountered strong resistance at previous TBO Resistance lines. These levels have proven influential in the past and may act as formidable barriers for further price advancement. 4) Fibonacci Resistance: The price of LINK has reached the 0.236 Fibonacci retracement level, which often serves as a significant resistance zone. Traders typically consider this level as a crucial point for potential reversals. Shorting Strategy: With a well-defined shorting strategy, we aim to secure approximately 15% profit while maintaining a 4:1 profit-to-loss ratio. Trade Plan: - Entry: Initiate the short position from the current price levels. - Take Profit: Target a 15% profit from the entry point. - Stop Loss: Set a stop loss just above the 0.236 Fibonacci level of 8.408 - Time Frame: We expect the trade to close within a week. Risk Management: As with any trade, risk management is paramount. By adhering to a predefined stop loss level, potential losses can be minimized in the event of an unexpected price surge. Conclusion: In conclusion, the current overbought conditions, significant over-extension from the TBO Fast Line, strong resistance at previous TBO Resistance lines, and the 0.236 Fibonacci resistance level all point to a potential shorting opportunity for LINK/USDT. Implementing a well-structured shorting strategy and prudent risk management will enhance the likelihood of achieving the desired profit targets. As always, exercise caution and remain vigilant throughout the trade execution. Happy trading! (Note: The trading plan and risk management mentioned above are for informational purposes only and should not be considered as financial advice. Always conduct your own research and consult with a professional financial advisor before making any investment decisions.)
Short
by thebettertraders
Breakout: #ChainLink's Decisive Move and Its Implications💎 For over a year, #ChainLink has been range trading, but this changed in the last week. #LINKUSDT experienced a decisive break and close below the $5.5 support area. From a technical perspective, this could be seen as confirmation of the downtrend. However, we must consider the year-long price action before drawing conclusions. It is prudent to wait for the monthly closing price, as it might confirm or negate the continuation of the downtrend. 💎 Currently, #LINK has successfully triggered most of the stop losses of high leverage buyers, leading to increased buying liquidity. As a result, we could witness a rapid price growth before the monthly close. A potential pullback may occur, causing the price to encounter multiple resistance areas as indicated on our chart. 💎 While there is a certain probability that #ChainLink has bottomed out, it is important to note that we are still far from a strong confirmation of a bullish trend. The Paradise Team will closely monitor the price action and keep you informed about any significant developments.
Long
by MyCryptoParadise
4
Resistance and Support Levels in FocusThe initial significant level of resistance lies in the vicinity of $7.342. A definitive breakthrough above this threshold has the potential to initiate a fresh upward movement towards the $7.500 and $7.893 levels. Subsequently, the next prominent resistance level emerges around $8.000, surpassing which the price may revisit $8.800. In the event that Chainlink's price fails to surpass the resistance level at $7.342, a downward correction could be anticipated. The first support level on the downside is approximately $6.90. Furthermore, the subsequent major support level is situated near $6.650, accompanied by the trend line zone. Breaching this level would likely prompt the price to test the $6.445 level. Further losses could potentially drive the price towards the $6.029 level in the short term.
by MonoCoinSignal
6