LINK - A Simple "How To" Guide To Trade BIST:LINK
A simple "how to" guide to trade these corrective patterns from the Elliott's Wave Guidebook
LINKUSDT
#LINKUSDT: Will ChainLink Break Falling Wedge or Slip Further?Yello Paradisers! Are you ready for a potential breakout or a looming drop of #LINK? Let's dive into the latest analysis of LINK and see what might be next for #ChainLink.
💎#LINKUSDT has been trading within a falling wedge pattern on the 8HR timeframe. We're anticipating a bullish breakout that could drive the price toward the upper supply zone. However, as of now, #ChainLink is retesting the falling wedge's upper resistance level, and there is a possibility that it might not successfully break out just yet.
💎If LINK fails to breach the upper resistance, it's likely to retest the Bullish Order Block (OB) around $13.55. This level is also the Point of Control (POC) line of the Volume Range Volume Profile (VRVP), making it a strong support level.
💎However, if BIST:LINK fails to hold at $13.55, the next support level to watch is at $12.62. This area is packed with liquidity, increasing the chances of a renewed bullish rally if tested.
💎If the $12.62 support level fails to hold, we could see the bears taking control, leading to a bearish rally. The overall market sentiment and Bitcoin's movement will significantly influence #LINK's price action, so keep a close eye on these factors.
Stay focused, patient, and disciplined, Paradisers.
MyCryptoParadise
iFeel the success🌴
LINK - Broadening Wedge...?LINK
Will this Wyckoff Re-accumulation w/spring also turn out to be an Elliott's Wave Broadening Wedge...?
LINK - Bullish DivergencesBIST:LINK - Printing Multiple Bullish Divergences while reprinting a 2nd Wave Fractal
LINK - ABC DeviationBIST:LINK
Will history rhyme by printing another 2 low volume wave 2 ABCing onto heavy support prior to Valhalla...?
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.
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#LINK/USDT
#LINK
We have a descending channel pattern on the 4-hour frame, the price is moving inside it and adhering to its borders well
We have a support area in green at a price of 13.00 after the price touched it and rebounded from it
We have a trend to stabilize above the moving average of 100
We have a downtrend on the RSI indicator that supports the price upwards
Entry price 14.00
First target 15.90
Second target 17.00
Third target 18.55
LINK - Ending DiagonalBIST:LINK - Possible Ending Diagonal
These moves usually imply a "Dramatic Reversal Ahead"
Link Technical AnalysisLink is currently holding on a support zone (Green) at $12.563 - $13.003. This zone has historically provided a solid foundation for the price to rebound. If the price holds above this support, we could see a potential rise toward the next resistance zone (Yellow) at $17.388 - $18.471. However, if the price breaks below the green zone, it might drop to the next significant support zone around $8.709 - $9.748. Traders should keep a close eye on how the price behaves around these key levels, as they will provide important clues about the market's next direction. Watching for increased trading volume and strong price movements can help identify whether the price is likely to bounce back or continue to fall.
LINK ANALYSIS🚀#LINK Analysis : What Next ??💲💲
✅As we can see that there was a formation of "FALLING WEDGE PATTERN" in #LINK and given a breakdown. We are expecting a little retest towards support level and then a bullish move📈
🔰Current Price: $13.455
🎯 Target Price: $19.227
⚡️What to do ?
👀Keep an eye on #LINK price action. We can trade according to the chart and make some profits. Stay tuned for further analysis and stay updated with market sentiments and news.⚡️⚡️
#LINK #Cryptocurrency #TechnicalAnalysis #DYOR
LINK - EWT Ending Diagonal WaveBIST:LINK
Elliott's Wave - Ending Diagonal Wave w/Converging Lines
Price Action is currently printing a textbook Ending Diagonal Wave within a corrective 5th wave w/decreasing volume from $19
All while overextended into heavy support and nearing rising support with Bullish Divergences on RSI and OBV
What will you do with this information...?
LINK - Perfect Bounce ZoneBeautiful Topping Pattern ->
-> Perfect EWT 5 Count Down ->
-> Topping Signal Inverted @ Bottom ->
-> Volume Reclamation Of Heavy Support ->
-> Bullish CPI + PPI Data ->
-> = Perfect Bounce Zone
LINKUSDTHi guys
It seems that we have an upward channelized trend. And currently, the ceiling of the RSI negative divergence channel has also been issued.
The support area of $17.24 is still preserved.
Provided that this support area and the upward trend line are maintained, there is a high possibility of forming an upward trend similar to the drawn upward scenario.
in case of breaking the upward trend line and losing the support range of $17.24; The downside scenario is more likely.
What do you think?
These ALTS can still EXPLODE - ALTSEASON 2.0Missed the rallies? Don't worry! Here's a list of alts that still has BIG UPSIDE Potential!
1) CROUSDT / OKX:CROUSDT
2) LINK / BINANCE:LINKUSDT
LINK is 53% from the FIRST TP point... and still an incredible amount of upside beyond this point:
3) MATIC / BINANCE:MATICUSDT
MATIC is about to retest a very important support zone for the third time, and a triple bottom would be significantly bullish (IF it holds):
4) Fantom / BINANCE:FTMUSDT
FTM seems bearish for the short term, but it's over 400% away from the previous ATH! There great upside potential her is you have some patience. I'd be looking to buy in the yellow zone:
5) Litecoin / BINANCE:LTCUSDT
And last but not least, Litecoin as seen on the front chart. LTC is about to re-enter the accumulation zone, where it normally doesn't stay long - it could consolidate here for some time, but upside is usually the next logical step after Litecoin enters the accumulation zone.
Again, you may need some patience but if you're willing to hold you could score big time on these altcoins!
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LINKUSDT undervaluedpotential long to see how the market reacts to the current key level. If bullish reaction traget at 20.729 / 21.922
Alikze »» Link | Support on the major ceiling💎 In the daily and weekly time, it is moving in an ascending channel, which is currently suffering after breaking the channel on the ceiling of the previous wave channel that broke.
💎 If this three-wave corrective movement ends in the green box area, I expect it to move towards the next target of the supply zone specified in the chart.
💎 The first scenario : in the corrective microwaves of these three waves, the last log seems to have finished the correction and the probable scenario is the completion of this correction in the support zone, which we must witness the continuation of the trend.
🔔 The second scenario : In addition, if it penetrates the green subbox, the next alternative scenario can be imagined for it.
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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.
LNK/USD: who's watching this movie on chartChainkLink is bullish from the Weekly TF. taking a short Buy entry wouldn't.
although swing trader can hold. idk
📈 LINK Long Spot Trade Analysis 📉Trade Overview:
After a significant upward move, LINK is now consolidating at a support level, presenting a potential opportunity for a long spot trade.
Trade Technical Details:
Entry: Ladder into a long spot trade in the $16.00 - $16.75 support area.
Take Profit:
First target: $18.60 - $19.60
Next resistance: $21.50 - $22.50
Stop-Loss: Set just below $15.50 to manage risk and protect against potential downside.
Trade Execution:
Monitor Entry Range: Ensure the price remains within the $16.00 - $16.75 range for entry.
Set Take Profit Levels: Prepare to take partial profits at the first target and the next resistance level.
Implement Stop-Loss: Place the stop-loss below $15.50 to safeguard the position.
📊 Stay vigilant and adjust the trade plan based on market conditions. #LINKTrading #CryptoAnalysis #SpotTrade 🌐🚀
LINK LONG
Swing Trade Idea
2 DCA levels
SL - 12.718
According to how #LINKBTC chart looks, I expect LINK to reach previous Highs levels
You either can take leverage Long, or buy SPOT
LINKI want to bring your attention to #LINK and #LINKBTC pairs
If we look at LINKBTC chart, we can see that on 19 of June 2023, this pair found its bottom:
we can see nice bounce;
RSI is iversold and forming bullish divergences on Lower Timeframes;
Currently, we are having almost the same view:
LINKBTC came to the same low level, where it was last time before the bullish Run;
RSI on lower level;
we see nice bounce and previous W candle close;
Now the question is IF #LINK will make the same run? #LINKBTC looks like wants to run until the previous high level.
and, Personally expect to see the coin at around 33$ to reach old ATH levels.
LINKBTCI want to bring your attention to #LINK and #LINKBTC pairs
If we look at LINKBTC chart, we can see that on 19 of June 2023, this pair found its bottom:
we can see nice bounce;
RSI is iversold and forming bullish divergences on Lower Timeframes;
Currently, we are having almost the same view:
LINKBTC came to the same low level, where it was last time before the bullish Run;
RSI on lower level;
we see nice bounce and previous W candle close;
Now the question is IF #LINK will make the same run? #LINKBTC looks like wants to run until the previous high level.
and, Personally expect to see the coin at around 33$ to reach old ATH levels.
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
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