LINKUSD trade ideas
Chainlink (LINK)LINK doesn't need any introduction; it has a great project, a great community, and has also given great growth. It seems the corrective wave has ended at 0.382 Fibonacci retracement and now the price is about to break the consolidation triangle-shaped area. Let's see how things unfold.
LINK Marines - Assemble!The LINK Marines really need to rally around their token in order to save the day!
We still remain on our bullish count which is shown on the chart, the a-b-c correction was a little more difficult to count than in other altcoins but nevertheless this wave movements don't look bad.
The unsettling and interesting detail in Chainlink is that we touched the 0.786 retracement perfectly a few hours ago and heavily pushed back since then. This may be very well a good start for our projected wave (iii) but the price needs to build up a lot of bullish momentum in the next days, and we absolutely shouldn't remain at these low levels in the future.
Keep in mind that our bearish alternative of a lower Cycle Wave (2) is still in place because Chainlink established a tough horizontal channel which lasted nearly 300 days as of now. Seriously, look it up on the chart and see it for yourself, it's kind of impressing...
The support at 5.39$ is crucial for our bullish count, and it would mean very bad news for our fellow Chainlink Holders if this level is breached. I can assure everyone on here that we are watching this very carefully and will update you guys if needed!
Please note that we are already invested in Chainlink since the 20th of June and 14th of February 2023, back then we announced our first positions here on tradingview.
If you should have any questions whatsoever, you can write a comment or contact me directly!
Long #1 Chainlink ( LINKUSD )
AVERAGE EXECUTION PRICE: 6.17$
STOP-LOSS: NONE
LONGERM Target: +90$
Long #2 Chainlink ( LINKUSD )
AVERAGE EXECUTION PRICE: 6.58$
STOP-LOSS: NONE
LONG TERM TARGET: +90$ and more
LINK: finally $8.0Markets are turning to the positive sentiment after inflation slows down in the US, however, they are still more oriented toward equities and major crypto coins like BTC, rather than other coins. Analysts are pointing that after a strong push in BTC price, the eye of investors is finally turning toward altcoins in order to maintain correlations and diversification of portfolios. Certainly, this point in time would be the one where LINK might benefit significantly. On a positive side is that currently LINK is making small progress toward higher grounds, still managing to hold its price relatively stable.
During the previous week, the price of LINK was moving in a relatively short range, from $7.0 support up to $7.5 short term resistance line, however, as of the weekend, the price managed to finally reach the resistance line at $8.0. RSI was pushed from levels above 50, toward 62, indicating potential path toward the overbought side of the market. Moving average of 50 days modestly started to converge toward the MA200 counterpart, but it still does not indicate a potential cross in the coming period.
Support line at $7.0 has been tested for a third week in a row, and without strength to break it, the coin managed to revert toward the $8.0 resistance line, supported by the market demand. RSI has still not reached a clear overbought side, which leaves some space for the price to hold $8.0 resistance. LINK will start the week ahead by testing this level. There is currently a lower probability that this level might be breached. On the opposite side, there is some probability for $7.50 support to be tested for one more time, with low probability for $7.0 support line.
History Repeats Itself with LINK?I have two different trading channels highlighted on the chart. The first predates the post-corona bull market. The second shows a long period of consolidation on the Chainlink weekly chart.
The first channel lasted for a year before LINK exploded to ATH over $50. The second channel marks a year in May 2023. Chainlink has completed a full market cycle and if this period of consolidation matches the last one, we'll see some explosive moves upward from Chainlink sometime in the next six weeks. This upward move should find resistance at the 200MA, but that will also come about 2x from the current price point.
Enjoy, NFA.
LINK/USDT PERP LongChain link in the support zone and there is a possibility to make a 15 min divergence. Wait for the divergence confirmation.this is 15 Min Time frame and remember to book some profit with 15Min time frame.(Entry Around 7.100$-7.050$)(SL-If 4H candle close 7.025)(TP1-Around 7.250$)This is my personal idea do your own research before u trade and follow ur trading rules.
LINK: still not ready for $8.0Second week in a row that the markets are slowing down. On a positive side is that they are managing to hold within previously reached higher levels. Uncertainty over banking contingencies is slowing down, in which sense, some slowdown in new funds inflow on the crypto market is to be expected. Regardless of small moves during the week, it could be noted that LINK had a relatively good week, managing to hold above $7.0. It shows that investors continue to support this coin.
The price of LINK moved in a relatively short range during the week, between levels of $7.0 and $7.6 at one occasion. It is evident that the support line at $7.0 has been tested during the week. It should be taken into consideration a holiday weekend in the western markets, in which sense, there has not been much funds in the flow to support price at higher grounds. RSI moved to the 50 line, which might be an indication that investors are slowly moving toward the oversold part of the chart. Moving average of 50 and 200 days still continues to move as two parallel lines, still supporting the Golden cross.
The slowdown in price moves is evident on the charts. The $7.0 support line has been tested during the week, but due to low trading volumes, there has not been market strength to clearly break it. Still, charts are pointing to higher probability for a move to the down side, at least to the level of the short term support line at $6.5 during the week ahead. At this moment, there is no clear indication that the price could move below this level. On the opposite side, there is lower probability for price to test $7.5 short term resistance.
Altcoin special! - LINK/SOL/FTM/DOT/VETWe are already invested in Chainlink since the 20th of June 2022 and 14th of February 2023, back then we announced our first positions here on tradingview.
Long #1 Chainlink ( LINKUSD )
AVERAGE EXECUTION PRICE: 6.17$
STOP-LOSS: NONE
LONGERM Target: +90$
Long #2 Chainlink ( LINKUSD )
AVERAGE EXECUTION PRICE: 6.58$
STOP-LOSS: NONE
LONG TERM TARGET: +90$ and more
We are already invested in Solana since the 20th of June 2022 and 14th of February 2023, back then we announced our first positions here on tradingview.
Long #1 Solana (SOLUSD)
AVERAGE EXECUTION PRICE: 29.80$
STOP-LOSS: NONE
LONGERM Target: +445$
Long #2 Solana ( SOLUSD )
AVERAGE EXECUTION PRICE: 21.68$
STOP-LOSS: NONE
LONG TERM TARGET: +250$ and more
We are already invested in Fantom since the 20th of June 2022 and 14th of February 2023, back then we announced our first positions here on tradingview.
Long #1 Fantom (FTMUSD)
AVERAGE EXECUTION PRICE: 0.412$
STOP-LOSS: NONE
LONGTERM TARET: +6$
We are already invested Polkadot since the 29th of July 2022 and the 14th of February 2023, back then we announced our first positions here on tradingview.
Long #1 Polkadot ( DOTUSD )
AVERAGE EXECUTION PRICE: 7.33
STOP-LOSS: NONE
LONG TERM TARGET: 55$ and more
Long #2 Polkadot ( DOTUSD )
AVERAGE EXECUTION PRICE: 6.01$
STOP-LOSS: NONE
LONG TERM TARGET: 55$ and more
We are already invested in VeChain since the 29th of July 2022, back then we announced our first positions here on tradingview.
Long #1 VeChain (VETUSD)
AVERAGE EXECUTION PRICE: 0.02449$
STOP-LOSS: NONE
LONG TERM TARGET: 0.27$ and more!
LINK: higher grounds on holdMarkets were slowing down during the previous two weeks, and LINK was just following the flow. Previous week LINK started around $6.7 and gradually increased the price until $7.6, where was the point of weekly short reversal. LINK is ending the week around $7.5 support line.
RSI continues to hold above level of 50, which indicates that the market is still more oriented toward the overbought side. Moving averages of 50 and 200 days continue to move as two parallel lines, which are still supporting the Golden cross occurred a few weeks ago.
It is evident from charts that the markets are slowing down. So will the price of LINK in the coming week. There is a higher probability that the coin will test the $7.0 support line, however, there is no clear signal if the price could go below this level. On the opposite side, charts are showing potential for the $8.0 resistance line to be tested for one more time, but it is still not clear if this testing will occur in a week ahead.