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LINKUSD

Chainlink (LINK): Watching for Key Support LevelsAfter a strong initial rise following our entry, BIST:LINK has started to decline again, raising the possibility that Wave 2 might not be complete and could fall further. It is crucial that the price does not fall below the 61.8% retracement level around $11, which coincides with a small high-volume node. This level should ideally act as support. Falling below $11 could lead to a rapid decline towards the $7-$8 range. The RSI remains stable, suggesting that the current decline might be part of a normal corrective phase rather than a larger trend reversal. Therefore, we will keep our stop loss relatively wide to accommodate potential volatility, as we do not expect a fall below the $11 mark. If the price holds above this level, the bullish outlook remains intact. We remain cautiously optimistic about Chainlink as long as it stays above the $11 support level. Falling below this could signal a deeper correction towards $7-$8, which would be a significant bearish turn. For now, we maintain our position with a broad stop loss to manage potential volatility and are looking for another DCA bid. Yearly VWAP Analysis When examining the yearly VWAP chart for Chainlink, we notice that the 2023 VAH (Volume Area High) and the 2020 VAH have been respected well. The price has dipped into this zone three times, each time holding it effectively. The 2020 VAH and 2022 VAH are critical levels that need to be reclaimed and held to turn bullish. Reclaiming these levels is essential for a sustained upward move. There is also a possibility that the price could retest the 2020 VAH once more. It is crucial to maintain the support at around $12.18. We have been forming higher lows, indicating a generally ascending trend. This trend should not be violated by falling below the $12.18 support level. Successfully reclaiming the 2020 VAH at around $16 would be a strong bullish signal. Maintaining the $12.18 support level is crucial for continuing the ascending trend. Reclaiming and holding the 2020 VAH at $16 would confirm a bullish reversal. Maintaining higher lows suggests an overall positive outlook for Chainlink.
Long
by freeguy_by_wmc
LINK: up-trend📊Analysis by AhmadArz: This chart shows the ChainLink (LINKUSDT) pair on a 4-hour timeframe. The analysis is as follows: 1. Support and Resistance Levels:** -Resistance:** $17.417, $18.999, and $21.328. -Support:** $14.356 and $12.818. 2. Trading Strategy: -Wait for Pullback:** The price might drop to the support level of $14.356. -Enter Buy Trade:** After the pullback, entering at $14.356 is suggested. 3.Overall Trend:** Uptrend with typical fluctuations. If resistance levels are broken, higher price targets are possible. In summary, wait for a price correction and enter buy trades at support levels. 🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz. 💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets." 🚀Please boost and💬 comment to share your thoughts with us!
Long
by ahmadarz
Chainlink Breaks Through: Trading Volume Fuel 9% SurgeChainlink (LINK), a prominent player in the decentralized oracle network (DON) space, has defied the broader cryptocurrency market trend with a significant price increase. On May 25, 2024, LINK surged by an impressive 9%, surpassing the $17.50 mark for the first time in six weeks (as reported by Will Izuchukwu). This positive movement comes amidst a period of relative stagnation in the overall cryptocurrency market. Analysts attribute this rally to a confluence of factors, with two key drivers emerging: 1. Increased Trading Volume: A significant surge in trading volume often precedes or coincides with price increases. In Chainlink's case, trading volume over the past 24 hours has jumped by a staggering 78%. This heightened activity suggests renewed investor interest in LINK, potentially fueled by optimism surrounding the project's future or short-term trading strategies. 2. Positive On-Chain Metrics: Beyond trading volume, on-chain metrics provide valuable insights into the health and activity of a blockchain network. While the specific on-chain metrics influencing LINK's price increase remain unreported in the provided excerpt, a positive trend in these metrics could indicate: • Increased Use of Chainlink Network: A rise in the number of active users or transactions processed on the Chainlink network suggests growing adoption and demand for its oracle services. This would be a positive indicator for the project's long-term viability. • Active Development: On-chain metrics can also track development activity on the network. An increase in such activity suggests the Chainlink team is actively working on improvements and new features, potentially leading to future growth. Possible Explanations for the Rise While the specific details behind this surge are unknown, here are some potential explanations to consider: • Market Speculation: The broader cryptocurrency market has been experiencing a period of consolidation following recent volatility. Some investors might be seeking opportunities in undervalued projects, potentially leading to increased buying pressure for LINK. • Positive News or Developments: News of partnerships, integrations, or upcoming protocol upgrades for Chainlink could have sparked investor interest and buying activity. • Technical Analysis: Technical analysts who study historical price charts and trading patterns might have identified bullish signals for LINK, leading to increased buying from this group of investors. Looking Ahead: Can Chainlink Sustain the Momentum? Whether Chainlink can sustain this momentum remains to be seen. The cryptocurrency market is notoriously volatile, and short-term price movements can be difficult to predict. However, the factors driving this surge - increased trading volume and potentially positive on-chain metrics - paint a cautiously optimistic picture. For long-term investors, the key will be to monitor future developments within the Chainlink ecosystem. Continued growth in network adoption, active development from the team, and positive news flow can all contribute to the project's long-term success and potentially lead to further price appreciation for LINK. Conclusion Chainlink's recent price increase signifies a positive development for the project in an otherwise stagnant market. Increased trading volume and potentially positive on-chain metrics are encouraging signs. However, sustained growth will depend on the project's ability to continue delivering value and attracting users to its decentralized oracle network.
COINBASE:LINKUSDLong
by bryandowningqln
Chainlink LINK price is quite strong will it last for long time?🛡 #LINKUSDT trading pair has attracted attention primarily because it has held its price quite well over the past few days, while most altcoins have been feeling “bad” and declining in value. In the future, if buyers will keep #Link price above $15, it will indicate their serious intentions and there is a good chance that the nearest target is a rise to $22 🔼 🔽However, if the #LINKUSD price is allowed to consolidate below $13.25, the red scenario will be activated. This will mean that some crypto investors will suffer, while others will be happy because they will have a chance to buy #Chainlink tokens around $9 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
4
Split buying range: Around the 12.840-15.866 rangeHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (TradingView LINKUSD 1M Chart) The important zones for the current price position are 13.49 and 24.02. (1W chart) The important area for the current price position is 19.36. (1D chart) The important zones for the current price position are 13.83 and 19.50. Summarizing the important sections above, 1. 13.49-13.83; 2. 19.36-19.50; 3. 24.02 This applies to sections 1-3 above. -------------------------------------------------- - (Binance LINKUSDT 1M Chart) HA-High indicator: 23.976 (1W chart) HA-High indicator: 19.340 HA-Low indicator: 6.698 (1D chart) HA-High indicator: 19.479 HA-Low indicator: 13.795 The HA-Low indicator on the 1D chart is formed at the 13.795 point, so if the price holds above this point, an upward trend is likely. However, in order to continue the upward trend, the price must rise above the HA-High indicator on the 1D chart, so the price must be maintained by rising above 19.479, which is the current HA-High indicator point on the 1D chart. If the price rises above the HA-High indicator on the 1W chart or the HA-High indicator on the 1M chart and maintains the price, a full-fledged upward trend is expected to begin. Accordingly, looking at the current HA-High indicator position, the last time to buy is when it shows support in the 19.340-23.976 range. In order to buy when supported near the HA-High indicator, you must make a split purchase near the HA-Low indicator. Otherwise, it is not easy to buy near the HA-High indicator. The reason is that the HA-High indicator is an indicator that is formed at the highest point. Therefore, even if you confirm support at the high point, you may not be able to purchase it in the end because you are likely to feel psychologically burdened. Currently, the box section of the HA-Low indicator on the 1D chart is formed over the 12.840-15.866 section. Therefore, you should make split purchases when you see support around the 12.840-15.866 range. The stop loss point for this purchase is when it falls below 12.840 and shows resistance. Have a good time. thank you -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 13401.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 These are points that are likely to encounter resistance in the future. We need to see if we can break through these points upward. Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched. #BTCUSD 1M If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
$LINKUSDT TO HOLD 15.5 FOR UPSIDEKUCOIN:LINKUSDT Ignition of Triple Bottom holding well at 16 level, a cooling off with a retest to 15.5 would be quite bullish to target 23 zone for about 37%. LTF on 4h or 1h could provide entry ideas at AOV especially a build up indicating appetite for a move higher. But always have a plan in case the character of price changes and you would look for an AOV entry at 11.5-12.7. When planning moves we must consider the possibility of failure and you must manage risk and remember that CRYPTOCAP:BTC rules the show. CRYPTOCAP:BTC sitting in a Bull Flag but price is in the pattern until it isn't so in the event of a pullback, we would look for a discounted entry on $LINKUSDT. If you liked this idea or if you have your own opinion about it, write in the comments. The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. AOV - Area of Value LTF - Lower Time Frame
by imr4nkh8n
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.
CRYPTO:LINKUSD
by Z4F4R
Chainlink (LINK): Oversold and Undervalued. Surge to $37+Finally, after a long wait, we got filled on Chainlink, and we entered at $12.93. This is our entry point. The entry is holding up quite well and solid so far. We still see strength in Chainlink and we do not believe that our large stop-loss will be triggered. Also, for the first time since May 2022, the RSI has fallen into the oversold area, which is another sign of how strongly Chainlink has been sold off. We are holding on to this and still expect an increase to at least $37.45, probably even to $47.45.
CRYPTO:LINKUSDLong
by freeguy_by_wmc
LINKUSD: Potential Long Entry on the Horizon with Bollinger BandIntroduction Chainlink (LINKUSD) is a cryptocurrency that powers a decentralized oracle network for smart contracts. It provides a secure and reliable way for blockchain applications to access off-chain data, enabling a wider range of functionalities. This article analyzes LINKUSD through the lens of Bollinger Bands and a potentially reversing trend, suggesting a possible long entry opportunity in the near future. Understanding Bollinger Bands Bollinger Bands are a technical analysis indicator that utilizes volatility to depict potential price movements. They consist of three lines: • Simple Moving Average (SMA): This line represents the average price over a chosen period. • Upper Bollinger Band (UBB): Two standard deviations above the SMA, indicating potential resistance areas. • Lower Bollinger Band (LBB): Two standard deviations below the SMA, indicating potential support areas. The Bollinger Bands expand and contract based on volatility. High volatility widens the bands, suggesting a more volatile market, while low volatility narrows them, indicating a calmer market. LINKUSD and Bollinger Bands Analyzing the LINKUSD chart with Bollinger Bands reveals valuable insights: • Recent Price Movement: LINKUSD has been trading within a relatively tight Bollinger Band range for the past few weeks. This suggests a period of low volatility, with price movements largely contained within the bands. • Squeeze: The recent Bollinger Band contraction indicates a potential squeeze. Squeezes often precede significant price movements, either upwards or downwards. Reversing Trend Signals Technical indicators alongside Bollinger Bands can strengthen the long entry case for LINKUSD. Here are a couple of reversal signals to consider: • Relative Strength Index (RSI): The RSI is a momentum oscillator that measures the magnitude of recent price changes. An RSI value below 30 suggests the asset may be oversold, potentially indicating a trend reversal. • Moving Average Crossover: A bullish crossover occurs when a shorter-term moving average crosses above a longer-term moving average. This can signal a shift in momentum from bearish to bullish. Combining Bollinger Band Squeeze and Reversal Signals By combining the Bollinger Band squeeze with potential reversal signals from indicators like RSI and moving average crossovers, traders can identify potential long entry opportunities. • Breakout from Upper Bollinger Band: A breakout above the Upper Bollinger Band, following a squeeze, can signal a bullish trend reversal. This suggests the price may overcome resistance and continue upwards. • Increased Volume: If the breakout is accompanied by a surge in trading volume, it strengthens the bullish case, indicating increased buying pressure. Why Consider a Long Entry Now? Here are a few reasons why a long entry in LINKUSD might be worth considering based on the current technical analysis: • Bollinger Band Squeeze: The recent squeeze suggests a potential breakout, which could signal a trend reversal. • Oversold RSI: If the RSI dips below 30, it might indicate oversold conditions, making LINKUSD an attractive buying opportunity. • Positive Developments in the Chainlink Ecosystem: Positive developments within the Chainlink ecosystem, such as new partnerships or integrations, could boost investor confidence and lead to a price increase. Important Considerations Before Entering a Long Position While the technical analysis suggests a potential long entry, it's crucial to consider other factors before making any investment decisions: • Market Volatility: The cryptocurrency market is inherently volatile. Price swings can be significant, and unexpected events can disrupt even the most well-thought-out trading strategies. • Fundamental Analysis: Don't solely rely on technical analysis. Conduct fundamental analysis to understand Chainlink's project roadmap, team, and overall market position. • Risk Management: Always implement proper risk management strategies, such as stop-loss orders, to limit potential losses. Conclusion The combination of Bollinger Band squeeze, potential RSI oversold conditions, and a possible trend reversal suggests a long entry in LINKUSD might be on the horizon. However, remember that technical analysis is not a foolproof method, and fundamental analysis and risk management are crucial for informed investment decisions. Disclaimer: This article is for informational purposes only and should not be considered financial advice. Please consult with a qualified financial advisor before making any investment decisions.
COINBASE:LINKUSDLong
by bryandowningqln
Chainlink : Rocket Launch or Freefall?Looking at Chainlink on the daily chart, we've noted the development of a 5-wave structure from a low at $5, culminating in a Wave 1. This wave is projected to range between $20.3 and $25, currently aligning well with the $20.3 mark. Following this, we anticipate a retracement towards Wave 2, which is expected to fall between 50 and 78.6% retracement, landing somewhere between $12.87 and $8.4. Zooming into the 4-hour chart provides a clearer view, suggesting that Waves 3 and 4, particularly Wave 3, have likely concluded. We're now observing Wave 5, which appears poised for a slight upward trajectory, an action that might seem minor on the broader chart. However, on this more detailed chart, we predict an ascent up to a maximum of $22.46, though, as indicated by our analysis on the daily chart, a push up to approximately $25 is also within the realm of possibility.
CRYPTO:LINKUSDLong
by stromm_by_wmc
6