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LINK Perpetual Futures Contract

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LINKUSD.P trade ideas

Will LINK Close Price Above $12?Current Resistance: LINK price faces a tough battle against an ascending resistance trendline around $12. Bearish Signals: Price action indicates potential bearish reversals, with higher price rejection candles becoming more frequent. Breakout Potential: A successful trendline breakout could propel LINK towards the $15 threshold. Market Struggle: Bitcoin's struggle to maintain its position near $35K is mirrored in LINK's current market performance. Year-to-Date Growth: Despite the resistance, LINK's impressive growth over the year hints at a possible continuation of the rally. Volume Trends: Rising trading volumes suggest a growing market interest in Chainlink. Technical Patterns: LINK's price has shown a bullish breakout from a falling channel, signaling a positive market sentiment. Technical Indicators - EMA: The 50-day EMA's bullish trajectory could provide support in case of a price correction. Technical Indicators - MACD: The MACD indicates a potential bearish crossover, hinting at a possible downtrend from the resistance level. Intraday Trading: LINK is attempting a recovery after a sell-off, challenging its recent price rejections. Critical Decision Point: Chainlink's price is at a pivotal juncture that could determine its short-term market direction. Downside Risk: A reversal at the $12 mark could see LINK retesting the $10 support level.
COINBASE:LINKUSD
by Coinpedia-Market-Insight
2
Chainlink major news?We will be seeing a major key speaker in Hong Kong soon. RSI & MACD have gotten towards a stable point for another rally in my opinion, this is not financial advice. IT COULD GO TO ZERO I think we could see a major hype cycle start that could get heavy!! If a major world power decides to take on the LINK when they have been bearish for years this could be a life changer. Weekly MACD has me thinking great thoughts. I will take out initial investment near $20 - $40. Hold the rest for a long time
COINBASE:LINKUSDLong
by Polarbearman
2
Chainlink Bull Run May Lose Momentum The current state of Chainlink's bull run seems to be showing signs of losing momentum. As an informed trader, it is essential to remain cautious and consider the potential risks associated with any investment decision. Over the past few months, Chainlink has witnessed an incredible surge, capturing the attention of many traders and investors. The project's innovative approach and promising technology have undoubtedly contributed to its success. However, it is crucial to recognize that every bull run eventually encounters a point of exhaustion, and Chainlink may be nearing that stage. Several indicators suggest that the momentum behind Chainlink's upward trajectory is beginning to wane. The recent price fluctuations, coupled with a lack of significant positive news, have raised concerns among market analysts. While no one can predict the future with certainty, it is prudent to approach Chainlink trading with caution at this juncture. In light of these observations, I would like to encourage you to pause and reevaluate your trading strategy regarding Chainlink. Taking a step back to assess your positions and reassess the market sentiment can help ensure that you make informed decisions that align with your risk appetite. Moreover, it is crucial to diversify your portfolio and not solely rely on a single asset, especially during times of uncertainty. Allocating your investments across different cryptocurrencies or asset classes can help mitigate potential risks and provide a more balanced approach to trading. Remember, successful trading requires a comprehensive understanding of the market dynamics and a disciplined approach. While Chainlink's bull run has been impressive, it is essential to remain cautious and avoid being swayed solely by the excitement surrounding its recent performance. As always, I encourage you to conduct thorough research, stay updated with the latest news and developments, and consult with trusted financial advisors before making any investment decisions. Should you have any questions or require further insights, please do not hesitate to comment below. I am here to assist you in navigating the ever-evolving cryptocurrency market.
COINBASE:LINKUSD
by bryandowningqln
1
Shorting the Possible Butterfly Correction As explained previous, I think crypto is in a net bear market and we've been in a correction of that - one which has picked up pace recently. If we're in a downtrend, we should be looking for parabolic bull trap patterns (And extremely confident bulls). These are often expressed as harmonic patterns. Because harmonics are corrective patterns and because the D leg of a harmonic is always the strongest move. This dupes people into being most bearish right before the turn. Harmonics usually form and complete in spectacular fashion. Big blitz moves. Very often driven by news. If we're in these corrective patterns, that'd be expected fairly soon now.
COINBASE:LINKUSDShort
by holeyprofit
7
Will LINK rise higher to the $15 mark?Market Context: Chainlink (LINK) is experiencing an upward trend amid a broader crypto market rally, with Bitcoin stabilizing at $34K. Current Status: LINK is trading close to the $12 mark, a significant resistance level. Resistance Level: The $12 mark is a crucial supply barrier for LINK. Technical Indicators - MACD: The MACD indicator shows a bullish crossover, and rising histograms indicate increased buying pressure. Technical Indicators - EMA: Both the 50-day and 200-day EMAs are rising, suggesting a high possibility of an uptrend continuation. Recent Performance: LINK has experienced a 58% increase in the last ten days, rising from $7.2 to $11.54. Potential Targets: If LINK crosses the $12 mark, it could aim for $15. Downside Risk: A reversal from $12 could lead to a retest of the $10 level. Market Sentiment: Overall sentiment is bullish, especially if LINK can break the $12 resistance. Long-Term Trend: LINK has reversed a long-term downtrend and is now showcasing a breakout rally. Market Catalysts: The hype around Bitcoin Spot ETF approval has been a significant driver for LINK's recent rally. Long-Term Outlook: Chainlink price predictions are optimistic, given the improving market conditions and technical indicators.
COINBASE:LINKUSDLong
by Coinpedia-Market-Insight
1
Will LINK Surpass $12?Sustained Rally: LINK price continues to sustain the rally, approaching the $12 mark. Impressive Jump: The LINK price has surged almost 60% in the last six days. Bitcoin's Influence: As Bitcoin reaches the $35K mark, the overall crypto market, including LINK, is on the rise. Breakout Momentum: A breakout above $12 could refresh the momentum and potentially lead to a jump to $15. Current Price: LINK is currently trading at $11.528 with an intraday growth of 11.19%. Technical Indicators - EMA: Both the 50-day and 200-day EMAs are rising, signaling a bullish trend. Technical Indicators - RSI: The RSI remains in the overbought zone, indicating strong bullish pressure. Market Sentiment: Overall market sentiment is bullish, supporting the LINK price prediction for a prolonged recovery. Weekly Chart: The breakout rally sustains above the 200-day EMA in the weekly chart. Golden Crossover: A golden crossover is increasingly likely in the weekly chart, signaling a long-term bullish trend. Next Milestone: The next target for LINK is the $15 mark. Retest Possibility: A retest of the trendline breakout is possible but seems less likely given the strong bullish momentum.
COINBASE:LINKUSDLong
by Coinpedia-Market-Insight
LINKUSD reminding us of its glorious days.Chainlink (LINKUSD) smashed through our 8.000 target (and the Lower Highs) that we set on the September analysis (see chart below): The price made a 17-month High, broke above the 1W MA100 (green trend-line) for the first time since the week of February 07 2022 and has essentially welcomed the new Bull Cycle as it's now above even the Bear Cycle's Lower Highs. The last Resistance standing is the 1W MA200 (orange trend-line), currently at 13.1636. We have shifted our focus on the more long-term 1W time-frame as it allows us to compare LINK with the previous Cycle, at the time when the 1W RSI first turned overbought above 70.00 (as it has now). That was on the week of May 13 2019, on a strong 3-week rally (as currently), with the 1W MA50 (blue trend-line) turned into Support. The rally didn't stop there but instead extended up to the 2.618 Fibonacci extension. There is no reason to expect a stop before at least $18.00, which is the March 2022 High. The 2.168 Fibonacci is a little over $20.00. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:LINKUSDLong
by TradingShot