$LINK bearish RSI divergence occured in LTF#chainlink #link price formed negative divergence. Action will likely be in lower time frame. Not financial advice.
LINK
#LINK/USDT#LINK
The price is moving in a bearish channel on the 12-hour frame and adheres to it well, and the price rebounded from the lower border of the channel at the green color at the price of $13.00.
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that was broken to support the rise
Entry price is 14.30
The first target is 16.50
The second goal is 17.70
Third goal 19.56
LINK Price Jumps 10% as it Completed Tests With the DTCCChainlink ( BIST:LINK ) social dominance reached a six-month peak on Friday, surpassing levels seen in the past six months, along with the token's price rally that began on Wednesday. Despite the price increase and rising talk about the token, on-chain data suggests that BIST:LINK holders have started taking profits, a sign of possible increasing selling pressure ahead.
Chainlink ( BIST:LINK ) has hit a six-month peak in the social dominance metric, indicating that the token dominates crypto-related discussions on social media platforms. The social dominance score for BIST:LINK is at 1.55%, meaning that nearly 2% of the discussions across social media platforms are related to the token. This is the highest level of dominance seen so far in 2024.
The increasing talk about Chainlink ( BIST:LINK ) could be a consequence of its recent rally. The token has posted gains for three consecutive sessions and trades around $16.60 on Binance, the highest level since April 12. BIST:LINK price has increased by 22% this week. However, this recent price rise could be about to lose momentum.
On-chain activity tracker Lookonchain shows that BIST:LINK holders have started taking profits on Friday. A trader tracked by Lookonchain sold 117,440 BIST:LINK holdings, worth $1.84 million and taking a profit of $205,800. It is important to note that profit-taking has just started in $LINK. Once it exceeds significant levels, it could indicate the likelihood of a price decline due to the increasing selling pressure. As of Friday, BIST:LINK holders have taken $2.26 million in profits by shedding their holdings.
In its pursuit to accelerate the tokenization of funds, the Chainlink ( BIST:LINK ) network has completed tests with the DTCC and ten participating firms. The test reiterated the ability of Chainlink’s Cross Chain Interoperability Protocol (CCIP) to serve as an abstraction layer between the DTCC and the many blockchains needed for integration now and in the future.
Chainlink price ( BIST:LINK ) is up 10% in the past 24 hours, riding the wave of this news and the broader bullish sentiment as Bitcoin price remains above $65,500. If the BIST:LINK bulls can push the price above the $16.863 resistance level, a flip of this roadblock into support will promote more buy orders. However, BIST:LINK would only be attractive to buy after the price records are stable, close to $18.320. In a highly bullish case, the gains could extend a neck higher to the $20.702 roadblock.
The daily price chart depicts a "Bullish Engulfing" pattern accentuating BIST:LINK 's bullish dominance. Chainlink's Relative Strength Index (RSI) stands at 62.24 which is prime for further growth.
Link bullish or bearish - A technical analysis
Support Levels:
$12.09: A key support level currently holding the price.
$11.06: Another potential support level below $12.09.
$8.40: Further support if the price breaks below $11.06.
$5.13: Major historical support level.
Resistance Levels:
$27.36: Immediate resistance.
$37.05: Next significant resistance level.
Trendlines:
-The chart shows an upward trending channel with support and resistance lines indicating a long-term bullish trend.
-The price recently bounced off the lower support trendline and is moving towards the resistance trendline.
The most recent monthly candlestick is bullish, indicating positive price movement and suggesting a potential continuation of the upward trend.
The Stochastic RSI at the bottom of the chart is in the overbought territory, which could suggest a potential short-term pullback or consolidation.
Bullish Scenario:
If the price maintains above the $12.09 support level, it is likely to retest the $27.36 resistance level.
A break above $27.36 could lead to further upside towards $37.05.
Bearish Scenario:
If the price fails to hold the $12.09 support level, it may find the next support around $11.06.
A break below $11.06 could lead to a drop towards $8.40 or even $5.13.
Chainlink's CCIP: Buy the Rumor, Sell the NewsPotential summer slowdown
There's been a noticeable uptick in criticism towards Chainlink on X, with the prevailing narrative questioning the necessity of the BIST:LINK token. I anticipate downward pressure on BIST:LINK due to Bitcoin's influence, potentially exacerbated by the voices of skeptics, who will cite CCIP GA as a failure. While this may lead to a dip in sentiment and price, it could also present better opportunities for investment.
On the chart, a nice head and shoulders with declining volume, as well as resistance from the Bull Market Support Band and the previous trendline starting in early March.
6 enters and 3 exit to get 500% as a profitDCA with 6 enters and 3 exit to get up to 500% as a profit
LINK: buy in mid-term📊Analysis by AhmadArz:
🔍Entry: 12.77 - 12.55
🛑Stop Loss: 12.28
🎯Take Profit: 13.24 - 13.65 - 14.11
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📉📈 LINK Trade Analysis 🔄💼Trade Overview:
LINK is exhibiting a triple bottom pattern with potential strength indicated by acceptance above the monthly open, signaling a shift in structure on lower timeframes.
Trade Strategy:
Entry: Consider entering into the buy zone between $12.50 to $13.50.
Take Profit: Set take profit targets at $16.00 and $16.80, with the next area of resistance at $18.70 - $19.50.
Stop Loss: Place the stop loss below $12 to manage risk effectively.
📊🔍 Monitor LINK's price movement closely for potential entry opportunities! #LINKTrading #CryptoAnalysis 🌐🔒
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LINK/USDT 4H ChartHello everyone, let's take a look at the LINK to USDT chart on a 4-hour time frame. As you can see, the price is moving above the local uptrend line.
Let's start by determining support and, as you can see, first we have a support zone from $13.77 to $12.90, then we have visible support at $12.34 and then the third support at $11.55.
Now let's move on to the resistance lines, as you can see the first resistance is at $13.98, if you manage to break it, the next resistance will be at $15.02, $15.71 and the fourth resistance at $16.67.
The RSI indicator and the STOCH indicator are approaching the lower limit, which may slow down the current correction, which will keep the price in the support zone.
Silent break for LINKLINK finally come out from a bearish trend that was running from weeks. This was a silent break, without strong moves, so i think that it could range and retrace for a while, maybe till $14.00 and then start a pump till the resistance area at $20.5
Chainlink LINK Intraday Trade SetupThe chart highlights breakout/rejection points, criteria, and targets to execute on the trade opportunity.
LINK USDTLINK Setup. After a confirmed breakout from the marked zone in green, we could take an entry at 13.975. Remember stop loss is your friend. Everything is on the chart.
Entry 13.975
S.L 13.311
T.P 1 14.476
T.P 2 14.965
T.P 3 15.621
$LINK Bull Trap Incoming Death CrossI'm super bullish on BIST:LINK long-term but this is honestly one of the worst charts of the majors rn
crazy to see analysts calling this bullish today
we'll see a Bull Trap from those 3 White Soldiers
Price action below the 20, 50 and 200 Moving Averages
If we get that Death Cross on the 200MA D then its straight to $10.6
🔗 LINK Trading Strategy 📈💡Entry Point:
If BTC stabilizes and LINK tests the $10.00 - $11.00 support, consider entering a long spot trade.
Trade Parameters:
Entry: $10.00 - $11.00.
Take Profit: $12.80 - $13.50 or $16.00 - $16.80.
Stop Loss: Just below $9.60.
Risk Management:
Utilize a tight stop loss to mitigate potential losses.
Monitor BTC stability as it may influence LINK's movement.
📈💰 Stay vigilant for favorable entry conditions! #LINKTrading #CryptoAnalysis 🚀🔍
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.
Is LINK getting ready for an upward move?Hello everyone, let's look at the 4H LINK to USDT chart, because you can see how the price is moving in the local downtrend channel, and what's more, you can see a break from the bottom of the uptrend line.
Let's start by setting goals for the near future that we can include:
T1 = $15
T2 = $15.80
T3 = $16.33
AND
T4 = $17.05
Now let's move on to the stop loss in case of further market declines:
SL1 = $13.79
SL2 = $13.17
SL3 = $12.41
AND
SL4 = $11.78
The RSI indicator shows that we are bouncing off the local downward trend line, which causes the price to rebound again, while the STOCH indicator is constantly moving at the lower border, which may lead to an attempt to rebound the price and exit the channel at the top.
Link selling complete ? Like everyone else, I’m just guessing,
Good luck with your bags
Could be cope
Link, Keeping It Stupid SimpleIf you find this information inspiring/helpful, please consider a boost and follow!
NASDAQ:LINK update 🧵
Went deeper than expected...🤔
But it's making it simple for me.
IF
gives a bounce out of the GZ,
breaks 14.361 impulsively, or higher,
Then
I will consider a long at some degree, on a retrace back to one of these level with confluence.
Till then, 5s down and correction sideways at this degree.
LINK/USDT 4hInterval CHARTHello everyone, let's look at the 4H LINK to USDT chart as we can see that the price is moving below the local downtrend line.
Let's start by setting goals for the near future that we can include:
T1 = $15.22 - $16.25
T2 = $17.33
T3 = $18.81
AND
T4 = $20.72
Now let's move on to the stop-loss in case of further market declines:
SL1 = $14.46
SL2 = $13.45
AND
SL3 = $12.74 - $11.82
Looking at the RSI indicator, we can see that small price movements returned the indicator to the lower part of the range, while the STOCH indicator returned to the lower limit, which may affect the current stop of the correction.
LINK/USDT 4HInterval ChartHello everyone, let's look at the 4H LINK to USDT chart as we can see that the price is moving below the local downtrend line.
Let's start by setting goals for the near future that we can include:
T1 = $16.14
T2 = $17.38
T3 = $18.75
T4 = $20.54
AND
T5 = $22.88
Now let's move on to the stop-loss in case of further market declines:
SL1 = $14.39
SL2 = $13.34
SL3 = $11.79
AND
SL4 = $9.16
Looking at the RSI indicator, it can be seen that it began to turn around before the upper limit, while the STOCH indicator, despite a slight price recovery, returned to the lower part of the range, which creates room for a new increase.
🔗📈 LINK Trade Opportunity! 📈🔗📊 Analysis:
Support Level: Chainlink (LINK) is currently trading at a support level, indicating a potential buying opportunity.
Entry Range: Consider entering the trade between $12.75 and $13.50, aligning with the current support.
Profit Targets: Aim for profits at $16.00 - $16.75 or $18.65 - $19.50 resistance levels.
Risk Management: Set a stop-loss just below $11.78 to manage potential losses.
📈 Trading Strategy:
Entry: Initiate a long position within the specified range of $12.75 - $13.50.
Targets: Take profits at identified resistance levels.
Risk Control: Implement the specified stop-loss to control downside risk.
🚨 Note: Stay vigilant and adapt your strategy as market conditions evolve! 📊🔍 #LINK #TradingOpportunity #CryptoAnalysis 🌟📈
