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LINK 3x Long / Tether

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LINKUSDT.3L trade ideas

LINK Breaks Above Multi-Year Barrier With 15% PumpA symmetrical triangle that had formed on the BINANCE:LINKUSDT daily chart was validated in the last week, which caused the Chainlink price to rocket past the $17.200 resistance level. The last time the altcoin managed to break above this threshold was back on April 4, 2022. Since then, it has been in a downward trend. As a result, the break above this barrier is a significant bullish development. However, before traders decide to go long on LINK, they may want to wait for the Chainlink price to establish a position above this mark first. The previous breaks above $17.200 were followed by a correction in the following 48 hours. Therefore, it may be wise to wait for LINK to close a daily candle above $20.755 before buying into the crypto. This could signal a major bullish shift in the crypto’s trend. If the Chainlink price fails to close a daily candle above $20.755 within the next 3 days, or it falls back below the $17.200 mark, it may be at risk of correcting down to $14.200 in the short-term. Continued sell pressure could even drag LINK below this key price point to potentially reach as low as $11.895. Technical indicators on LINK’s daily chart suggest its price may continue to rise in the next 24-48 hours. The Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators are flagging bullish. The MACD line is breaking away above the MACD Signal line, which may signal that LINK’s bullish trend is growing stronger. In addition to this, the RSI is breaking away above its Simple Moving Average (SMA) line, which could signal that buyers are growing stronger against sellers. However, the RSI is approaching overbought territory. Given this and the trend seen during the previous breakouts above $17.200, there is the possibility that LINK may correct in the next 2 days. A potential early indication of this pullback could be if the RSI line slopes negatively throughout the next 48 hours.
Long
by StevenWalgenbach
1
Get Ready for a 10% Profit Explosion with LINKLink seems to have recognized its own potential after breaking below the beautiful ascending channel it created some time ago and exploring those levels for a while. It might be attempting to convey this potential to us with the Cup and Handle formation. The general target of these formations is expected to rise by the size of the large semi-circle we call the cup. We are approaching the end of our formation, and if we can re-enter the upward trend channel, the formation target will likely be achieved.
Long
by TonyStellar
1
LINK/USDT Facing on the strong resistance, Breakout or rejected?💎LINK has undeniably attracted substantial attention in the market. At present, LINK is encountering a formidable resistance zone ranging from 18.3 to 19.5. 💎 This zone holds significant importance as a successful breakout from this area could pave the way for a noteworthy upward movement, probability allowing the price to reach our target in the bearish OB area. 💎 However, should LINK fail to secure a breakout, there is a possibility of encountering rejection at this resistance level. Such an outcome could lead to a downward trajectory, with the price retracing to the support area to establish new momentum. 💎 It's essential to note that the support area may not be an ideal entry point for purchasing LINK. In the higher timeframe (HTF), the price has yet to enter the retesting phase at the demand area, which serves as the supply zone within the accumulation zone. 💎 In this scenario, there is potential for the price to undergo a retest in this area, experience a bounce, and subsequently resume an upward movement, heralding a bullish season.
by MyCryptoParadise_Nathan
6
My first idea on LINKHi everyone. I think the scenario for LINK for the upcoming days is this : as long as Wave 5 stays bellow the 17.7-17.9 level we can expect Wave A to retrace all the way down to the 16.35-16.65 zone to fill the FVG. After entering the FVG zone I think it will gain some momentum and the price will rise around 16.8-17 zone (maybe fill some FVG left behind from Wave A or get rejected by an order block formed during Wave A) after which it will fall down a bit more to fill some more orders left behind from Wave 5. If Wave 5 will go above 18 I will try and update the idea asap.
by RazvannCT
$LINK 10X initiatedKey rejection from this level marks a strong recovery that aims straight at ATH. Path is delineated but speed may very. Months long consolidation will bring explosiveness to it.10X for this main industry player is highly likely. Many onset developments to be excited about with this one. March 1 Pinned tweet quote: " Introducing #Chainlink Functions—the serverless #Web3 platform for connecting any data, device, or system to smart contracts. Functions brings Web2 services like @awscloud, @Meta, and @googlecloud on-chain to empower devs to #LinkTheWorld to Web3. blog.chain.link/introducing-functions/ "
Long
by DaMaximus
2
$link prediction!Possible 20%+ gains in shorter time frames.Hello Traders. If Btc plays well with others , I am expecting %20+ quick gains with this one. Ema 100 on the daily cart acting as support and already holding more that 5 attempts. Seems pretty solid. Most importantly volume is decreasing while correcting which could be indicating possible trend change towards bullish side. Btc seems ok as well. So many fud being spread by influencers, attention seekers all over the news. Which may mean that so many people already sold and trying to spread fear into traders so they can try to buy it cheaper.Do not forget when somebody sells their coins, somebody else already bought it! In reality when Btc starts climbing up , they will fomo in very quickly to buy some digital gold. We have seen this organised tricks before. At this point it won't work!People are more educated now compared to 5-10 years ago and resilient to small tricks like that.
by SpaceCatZ
2
Link shows strengthLink, like many times in the past shows strength during BTC weakness and altcoin weakness in general. Link is in its own realm when it comes to digital assets, and should be a staple of any newer crypto investors portfolio imo. I plan on cold storing my link for years to come. The token remains above the monthly breakout, I marked a horizontal channel that it looks to be testing. this is the first uptrend within that is entirely green candles. Id love to see Link flip this channel to support and base for the first price target ( dashed green).
Long
by Apollo_21mil
2