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LINK-USDT

LINK Long-Term Entry OpportunityLINK has recently touched the bottom purple support again. After 4 touches, this support seems to be an important level for traders. To optimize our entry, we're going to wait for the price to touch the support again in the coming weeks. With a stop below the recent fear-low and a target around the current all-time high we can construct a very decently bullish trade. Keep in mind that it's a risky bet. BTC is slowly bleeding and alts overall look bad. However, a R/R over 20 when trading from an established long-term support is worth a bit of risk.
Long
by FieryTrading
1
LINKUSDT.1DThe daily chart for Chainlink (LINK/USDT) indicates a recent bearish trend, as highlighted by the descending trendline, with the current price at $12.995. The chart showcases a resistance level (R1) at $16.577, beyond which R2 and R3 are marked at $21.477 and a high near $22.868, respectively. The primary support level (S1) is set at $12.205, which is crucial for maintaining the current bearish structure. If the price breaks below this support, it could lead to further declines, potentially testing lower supports not identified on the chart. The RSI is near the oversold territory at 38.28, suggesting that the market might be nearing a point where a reversal could occur if buyers step in. The MACD is below the signal line and in the negative zone, reinforcing the bearish momentum indicated by the price action. Traders may consider looking for buying opportunities near the support level if bullish signals emerge, such as a bullish divergence on the RSI or a crossover to the upside on the MACD. Conversely, a break below S1 might be used as an entry point for short positions, with the expectation of further declines. A break above the descending trendline and resistance at R1 could suggest a potential reversal, targeting higher levels up to R2 and R3.
Long
by MarsSignals
LINKUSDT.1DBased on the given market data, the LINK/USDT pair is currently priced at 19.94 USDT. The Relative Strength Index (RSI) over 4 hours is 53.49, which is a neutral position and doesn't indicate overbought or oversold conditions. The Moving Average Convergence Divergence (MACD) for 4 hours is 0.043, suggesting a slightly bullish sentiment. The Bollinger Bands (BB) for 4 hours is at 20.85, indicating that price volatility is relatively normal. The support levels for 4 hours are at 19.230, 18.800, and 17.529 USDT, while resistance levels are at 20.85, 21.0, and 21.600 USDT. These are the price levels to watch for short-term trading. On a daily basis, the RSI is 72.19, indicating overbought conditions and suggesting a potential price correction. The MACD is 1.185, again indicating a bullish sentiment. The support levels for a day are at 18.700, 16.700, and 15.400 USDT, while the resistance levels are at 21.700, 24.500, and 26.100 USDT. On a weekly basis, the RSI is 77.38, suggesting the market is overbought and there could be a price drop. The MACD is 2.549, indicating a strong bullish sentiment. The support levels for a week are 14.560, 12.0, and 9.080 USDT, while the resistance levels are at 21.700, 26.100, and 28.800 USDT. In conclusion, the LINK/USDT pair is showing a bullish trend in the short term, but the overbought conditions on a daily and weekly basis suggest there could be a potential price correction. Therefore, traders should be cautious and consider taking profits or setting stop-loss orders to protect their positions. As always, it's essential to consider other market factors and news that could influence the price.
by MarsSignals
LINKUSDT.1DBased on the given market data, the LINK/USDT pair is trading at $18.251. The Relative Strength Index (RSI) for 4 hours, 1 day, and 7 days are 64.61, 70.36, and 69.78 respectively, indicating that the currency is approaching overbought conditions in the short to medium term. The Moving Average Convergence Divergence (MACD) for 4 hours, 1 day, and 7 days are 0.582, 0.696, and 2.137 respectively, which suggests a bullish trend in the short to medium term as the MACD is above zero. The Bollinger Bands (BB) for 4 hours and 1 day are at 18.934, suggesting a strong resistance level. The BB for 7 days is at 19.952, which also indicates a strong resistance level. The support levels for 4 hours, 1 day, and 7 days are at 17.656, 15.696, and 13.310 respectively. These are the levels from which the price could potentially bounce back if it falls. The resistance levels for the same periods are at 18.842, 19.019, and 19.530. These are the levels the price has to break through to continue its upward trend. In my opinion, while the currency is showing signs of being overbought in the short to medium term, the bullish trend indicated by the MACD suggests that the price could continue to rise in the near future. However, due to the strong resistance levels indicated by the BB, the price may face challenges in breaking through these levels. If the price fails to break through the resistance levels, we could see a price correction in the short term. As always, it's important to keep an eye on market trends and adjust your strategy as needed.
by MarsSignals
LINKUSDT.3HBased on the provided market data for LINK/USDT: - Current Price: $13.90 - 4-hour indicators: RSI is 31.30, MACD is -0.324, Bollinger Bands are at 15.600 - Daily indicators: RSI is 43.74, MACD is -0.061, Bollinger Bands are at 16.235 - Weekly indicators: RSI is 64.78, MACD is 1.892, Bollinger Bands are at 19.260 The Relative Strength Index (RSI) on the 4-hour chart is currently quite low, indicating that LINK could be oversold and might experience a price reversal. However, the MACD on the same timeframe is negative, suggesting some bearish momentum. On the daily chart, the RSI is relatively neutral, while the MACD is slightly negative. This could indicate a potential sideways movement or a slight bearish trend in the short term. The weekly RSI is in the bullish zone (above 50), and the MACD is positive, indicating a potential bullish trend in the longer term. Support and resistance levels are as follows: - 4-hour: Support at $14.63, $13.70, and $13.34. Resistance at $14.842, $15.54, and $16.77. - Daily: Support at $13.50, $12.70, and $12.057. Resistance at $16.34, $17.35, and $18.59. - Weekly: Support at $12.412, $11.50, and $8.847. Resistance at $17.81, $19.337, and $20.86. In conclusion, the short-term charts indicate a bearish or sideways trend, while the longer-term charts suggest a potential bullish trend. It is advisable to keep an eye on the market for any changes in these indicators that could signal a shift in the market direction. Please note that this is just an analysis based on the current market data and not a definitive prediction. Always do your research and consider your risk tolerance before trading.
by MarsSignals
LINKUSDT.4HBased on the given market data for LINK/USDT: The current price of LINK is $14.159. The Relative Strength Index (RSI) for 4 hours, 1 day, and 7 days are 53.75, 60.07, and 81.16 respectively. An RSI above 70 usually indicates that the asset may be overbought and due for a price correction, while an RSI below 30 suggests the asset may be oversold and due for a price rise. Here, the 7-day RSI suggests that LINK is currently in the overbought territory. The Moving Average Convergence Divergence (MACD) for 4 hours, 1 day, and 7 days are -0.079, 1.082, and 1.559 respectively. The MACD being above zero on the 1 day and 7 days charts suggests a bullish trend, but the 4-hour MACD being below zero could indicate a potential short-term bearish reversal. The Bollinger Bands (BB) for 4 hours, 1 day, and 7 days are 14.547, 16.784, and 14.158 respectively. The current price is closer to the lower band on the 4-hour and 1-day charts, suggesting a potential upward price movement in the short term. The support and resistance levels are also provided. The immediate resistance for LINK on the 4-hour, 1-day, and 7-day charts are $14.491, $15.554, and $21.09 respectively. On the support side, we have $13.780, $13.180, and $8.706 respectively for the 4-hour, 1-day, and 7-day charts. In conclusion, the technical indicators suggest a mixed sentiment for LINK. The 7-day RSI suggests it is overbought, but the 1-day and 7-day MACD suggest a bullish trend. The Bollinger Bands also suggest a potential upward price movement. However, it's important to keep in mind that these technical indicators do not guarantee future price movements and should be used alongside other forms of analysis and market news. Always invest responsibly and consider your risk tolerance.
by MarsSignals
LINKUSDT.1DBased on the given market data, the current price of LINK is 10.819 USDT. The Relative Strength Index (RSI) for 4 hours, 1 day, and 7 days are 61.23, 83.32, and 74.02, respectively. Typically, an RSI above 70 indicates an overbought condition, suggesting that a price drop may be imminent. Thus, the 1-day and 7-day RSI levels indicate that LINK could be overbought. The Moving Average Convergence Divergence (MACD) for 4 hours, 1 day, and 7 days are 0.378, 0.939, and 0.505, respectively. This indicates a bullish trend in the short, medium and long term. The Bollinger Bands (Bb) for 4 hours, 1 day, and 7 days are 11.788, 11.446, and 11.560, respectively. The current price is slightly below the middle band, suggesting a neutral trend. The support levels for 4 hours, 1 day, and 7 days are 10.056, 8.359, and 7.086, respectively. The resistance levels for the same periods are 11.932, 14.321, and 11.828, respectively. This indicates that the price has a potential to go up or down but given the RSI, a downward movement could be anticipated. In conclusion, while the MACD indicates a bullish trend, the overbought RSI levels suggest there may be a pullback in the short term. However, the market is unpredictable and it's essential to consider other market factors and conduct a comprehensive analysis before making investment decisions. Always ensure to invest wisely.
by MarsSignals
LINKUSDTThis is a 1D frame analysis for LINKUSDT Analysis of the crypto market: After executing the double top pattern, the price was unable to break above the resistance line and started to decline towards our first support line. The bullish momentum from the previous day was closed, but we can see a price drop that indicates a selling pressure. If the price breaks below our second support line, we can expect a further decline to the next support zone. However, if it is able to break above the first support line and stay above it, we can say that the bearish phase is over and we can move in an upward direction. Suggestion: Those who do not want to take more risk can enter the trade after the price breaks above the resistance line.
by MarsSignals
🔥 LINK: Will It Finally Break Out Through 1 Year Resistance?Over the last year, LINK has been trading very stable between ~5.5$ and ~9$. With the price currently around 8$, it begs the question whether we're going to break out this time, after several failed break outs. Statistically, there's a small probability that we will actually break out. Therefore I'm going to wait for a daily candle to close above 10$ to confirm the break out. Stop just below 9$. Seeing that LINK has been trading sideways (read: accumulating) for nearly a year, one would think that there's an explosive move on the horizon. If we won't break through the resistance, I'll be looking for a short-entry, will update this signal by then.
Long
by FieryTrading
13
LINKUSDT.1DHello Crypto Lovers, This is a 1D frame analysis for LINKUSDT As you can see, the price has been able to move above its support line and we expect the price to form an inverted cup and handle pattern and after completing the handle, it can bring itself to the first resistance zone. However, if it drops below the first support line completely, we expect a further drop, which will remain in effect until it moves above the first support line. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Take care
Long
by MarsSignals
3
🔥 LINK/BTC Bullish Break Out Still Intact: Massive Move SoonAfter a very long and gruesome 1.5 years of losing value against BTC, LINK has finally broken out of the bearish trend. Even after yesterday's sell-off, LINK appears exceptionally strong and the break out is still intact. Assuming that BTC will either consolidate or go bullish in the near future, I'm anticipating further appreciation of LINK/BTC. Be aware that we might re-test the dotted resistance line and turn it into support. Targets placed at a recent top and the all-time high. Happy trading!
Long
by FieryTrading
16
🔥 LINK 2.5 Year Macro Uptrend: Bounce SuccessfulAround a month ago I made an analysis where I talked about LINK and the incoming bounce from the bullish channel. Looking back, the bounce was a massive success and LINK is vastly outperforming the overall market. Assuming that BTC will remain relatively stable over the coming weeks, I'm assuming that LINK's price action will continue to be bullish. First short term target around the recent local tops, $35. Long-term target would be the top of the channel, easily targeting >$100. Happy trading!
Long
by FieryTrading
3
🔥 LINK Potential Further DownsideLike virtually cryptos, LINK is seeing a strong correction today. However, there's still one strong support area in play to keep LINK in a reasonably bullish state. The dotted trend line is what's currently acting as an area to bounce. This trend line combined with the $20 support should act as a decent area of support of which LINK can jump upward. However, with BTC looking exceptionally bearish in the near term, there's a decent chance that LINK will fall below this support area. In that case, I'm expecting a move towards the recent local lows, blue lines. All eyes on Bitcoin. Happy trading!
by FieryTrading
8
LINKUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. We are in a daily time frame. As you can see, the price reacted to our support line, and as we showed, a twin bottom could have been created. If it stays above our support line, it can move towards the roof of the channel over time, and if it drops below the support line and stabilizes, we consider further fall. Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position. Wish you luck
Long
by MarsSignals
4