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LINKUSD.P trade ideas

Link daily bullflag target= $23 weekly bullflag target= $25Link starting to act like it’s about to break upward form this daily timeframe bullflag in teal. We can see below that it has already broken upward from the larger weekly timeframe bullflag in pink. Our next stop should be $23 to reach the daily bullflag target and then $35 to reach the weekly bullflag’s target. No guarantee the current candle is the breakout candle but it does feel like even if it isn’t the breakout candle is still just around the corner. *not financial advice*
COINBASE:LINKUSD
by DrDovetail
3
Link better holds hereOr i would be really sceptic about an incoming 5th potential wave that i still dont think is in. Whats good about this wave (assuming that we are doing circle yellow 4) Is that the type of this correction is a sharp zig zag which is inverse to what we saw in the wave 2 where we had a flat sideways corrective pattern. Which is a strong guideline of alternation. Channel is good also... Algo is also still good (perhaps a last good stand for this to be the bottom of a wave 4
COINBASE:LINKUSDLong
by PK_SEND_IT
CHAINLINK BULLISH MOMENTUM IN VERY LONGTERM!!Chainlink is an Oracle network that services various blockchains, protocols, and projects within Web3 and the broader cryptocurrency industry. Oracles provide a way for blockchain-based systems and protocols to access data that exists outside the blockchain. For example, Ethereum can compute each account’s balance of ETH tokens, but it cannot compute the price of an ETH token, as that data depends on offchain inputs such as centralized exchanges. Chainlink’s Decentralized Oracle Network (DON) provides a solution to this issue while attempting to limit or prevent centralization concerns that arise when utilizing offchain data.
CRYPTO:LINKUSDLong
by anandahaidarr
1
Chainlink (LINK) head and shoulders formation on 4-hour chartThere is a head-and-shoulders formation in the Chainlink (LINK)/USD parity, which is forming in the 4-hour time frame and has a very high possibility of a downward break. One or two 4-hour candles closing below $18.30 will confirm the breakout and a pullback may occur to $16.70. Additionally, the target of the formation, $16.70, has been a strong resistance for about 3 months. It has broken up with high volume in the past few days. This level is ideal for consolidating again.
CRYPTO:LINKUSDShort
by Paranoid_Man
Link appears to be finally breaking up from the bullflag. After countless wicks above the pink channel on the daily time frame, link finally broke upward with authority and has already reached the channel’s measured move target. Once we switch to the weekly timeframe shown here, we can see that channel is also a very valid looking weekly bullflag and the measured move target for the bullflag Breakout is $25.30 or so. Now that it has reached the 1st target of the two (channel breakout) some consolidation or slight pullback before heading up to the higher bullflag target is always possible, but I anticipate it reaching the full bullflag target soon enough *not financial advice*
COINBASE:LINKUSD
by DrDovetail
Chainlink Market Analysis: The End ❌Chainlink has seen a significant surge in momentum over the past few days, fueled by various speculations about potential developments. However, when we delve into the chart technicalities and set aside external noise, we uncover a fascinating narrative: Chainlink has been in an accumulation phase from May 2, 2022, to the end of October 2023. This phase marked the conclusion of our previous bull run and effectively ended the corrective period, ushering in a new cycle. 🔄 This cycle may now have concluded, poised to enter a Wave 2 correction, expected to retrace between 50 to 78.6%. The 50% retracement level, aligning with the subordinate Wave 4 at $12.67, is particularly noteworthy. As for the current Wave 5, we've reached a potential area, with projections extending up to a maximum of $25. Yet, our analysis leans towards a consolidation around $20.30. 🔍 Observing the 4-hour chart, we regret to note that we missed capitalizing on this ascent due to a breakeven stop-out after securing profits, just as we're nearing the completion of Wave 3. Currently at the 161.8% extension, this level might either hold or be surpassed. If exceeded, a climb up to $27 could ensue. However, given our daily timeframe analysis capping at $25, we discount this scenario, anticipating a peak at the 261.8% extension, or $23.54, before a subordinate Wave 4 and a subsequent overarching final Wave 5 unfold. 📉 A correction down to at least $12.67 is anticipated thereafter. We'll continue to monitor the situation closely, ready to adjust our entry points should Chainlink's trajectory ascend further.
CRYPTO:LINKUSD
by stromm
4
Link: buying climax? Maybe not.Wyckoff Buying Climax: This is a technical analysis concept proposing price manipulation by large institutions to accumulate shares before a breakout. It involves specific price and volume patterns. Identifying a true Wyckoff buying climax is challenging and subjective. Observations on LINK/USD: The recent price increase from $6.50 to $18 is significant, but the pattern doesn't perfectly match classic Wyckoff phases (Spring, Accumulation, Markup). Volume has increased during the uptrend, but not consistently throughout the supposed accumulation phase, which is a key Wyckoff characteristic. The current price is near resistance levels at around $18. Technical Indicators: RSI: Currently at 73, nearing overbought territory (above 70). This suggests a potential pullback or consolidation in the near future. Stochastic Oscillator: Near overbought territory, similar to the RSI. MACD: MACD line is significantly above the signal line, indicating strong buying pressure and continued upward momentum. However, it's important to watch for potential divergence (when MACD starts to flatten while price continues to rise) as it can signal weakening momentum. Possible Future Movement: While the recent price action and strong indicators are encouraging, caution is advised due to overbought conditions. A pullback or consolidation to test support around $15-$16 is a possibility before another leg up. Breaking and holding above $18 with sustained volume would further strengthen the bullish case. Overall: LINK/USD has seen a remarkable surge, but overbought indicators suggest potential for a breather. Watch for: Price behavior around support levels ($15-$16). Volume changes (a decrease could indicate pullback). Movements in RSI and Stochastic (a pullback followed by renewed upward momentum would be ideal). MACD for potential divergence. Remember: Technical analysis is not a guarantee of future performance, and past performance is not indicative of future results. Crypto markets are inherently volatile, so be cautious and only invest what you can afford to lose. Do your own research and consider your risk tolerance before making any investment decisions.
COINBASE:LINKUSDLong
by ParabolicP
8
CHAINLINK BULLISH MOMENTUM!!!After moving back and forth between $13 and $17 for three months, the price has now surpassed the $17 resistance level, suggesting a potential increase to $20, marking an 18% upside. It's advisable to set a stop loss at $15.90 and keep an eye on price alerts. ChainLink (LINK) was our recommended coin pick, and it has seen a 110% increase since our initial report in August 2023. Being a prominent oracle data provider, it stands to benefit from the ongoing trend of tokenizing real-world assets such as US T-Bills. Regarding the price pattern, it was trading within a Sideways Channel, indicating market indecision. For trend traders, it's wise to wait for a breakout in either direction, often aligning with the existing trend. Meanwhile, swing traders can engage within the range, buying near support and selling near resistance. The overall trend is upward across short, medium, and long-term horizons. The nearest support zone is $13.00, while the recently breached resistance zone is $17.00, followed by a potential target of $20.00-28.00.
COINBASE:LINKUSDLong
by anandahaidarr
1
Chainlink (LINK) is completing multiple / nested BULL patterns This is my first "idea" but i wanted to share it. It has already been pointed out by niko1923 that the 1H chart is completing a cup & handle pattern now but it's more than that. It is actually nested within a VERY BULLISH inverse head & shoulder pattern in the 1W chart. The 1W chart for LINK/USD is comleting an inverse head & shoulders that started back in January 2022. Furthermore, the right shoulder is also an inverse head and shoulders pattern. The inverse head & shoulder indicator (on the larger pattern) is calling out a $31 target. so we have a cup & handle nested within an inverse head & shoulders, nested within another inverse head & shoulders... i would say LINK is a buy right now :) "This is not financial advise"
COINBASE:LINKUSDLong
by BossHog1
4