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ChainLink / TetherUS PERPETUAL CONTRACT

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LINKUSDT.P trade ideas

A 40% correction for Chainlink to $8?On the above weekly chart price action finds resistance at market structure, which was first confirmed on March 2022. The recent confirmation of resistance follows a lower high print. A Head and Shoulders print is now evident. This print occurs as RSI resistance remains active. It is highly likely the Head & Shoulders neckline fails. A confirmation of the Head and Shoulder print forecasts a further 40% correction, which is exactly at past resistance. Price action will arrive at $8 should the correction complete. In the big picture (below), the downtrend channel must show support on the mid line. Otherwise price action continues to correct until the $3 area over the next 1 to 2 years. Ww The big picture
Short
by without_worries
7
Lingrid | LINKUSDT bounced off the DEMAND zoneBINANCE:LINKUSDT has bounced off the demand zone, which was tested last time in October 2023. The price skyrocketed from these levels last year and reached the price level at 22.0. We can observe that the market liquidated a significant number of long positions. On the weekly timeframe, the market filled the gap zone between 8.0 - 9.0 and moved above the psychological level of 10. I expect the market to continue moving higher, as the daily candle closed with a wick, indicating rejection of lower levels. My target is the resistance zone around 12.0 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
1
What Is Happening With Chainlink?The last four days closed red on the LINKUSDT trading pair. A common signal across all pairs showing top potential is the decreasing volume as new highs are hit. The decreasing volume is accompanied by a bearish divergence with the RSI; somethings weak, sometimes strong. In the case of Chainlink, the divergence is four months old. Just closing below EMA10 changes the potential from bullish to bearish. Closing below EMA21 confirms the short-term bearish bias. Yesterday, LINKUSDT closed below EMA21 and before yesterday below EMA10. Finally, we have a rounded top pattern and this can indicate that the top is already in place. Patience is key. We buy low to sell high. Namaste.
Short
by AlanSantana
10
LINK looks bearishLINK structure looks bearish. We have had lower H and L . So it is better to look for sell/short positions in resistance ranges. We are looking for sell/short positions on the supply range. Closing a daily candle above the invalidation level will violate the analysis Note that the financial market is risky, so: Do not enter a position without setting a stop and capital management and confirmation and trigger. When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit. If you have any comments please post them, comments will help us improve our performance Thanks
by iMoneyTeam
CHAINLINK UPTREND CONTINUATION VS A WEAK PERFORMING DOLLARI am looking for the continuation of the uptrend we see on the larger timeframes on Chainlink USD, The Fed have decided to not cut interest rates, meaning in the dollar will have some short term strength, NFP and unemployment rates will be out today at 15:30 GMT and I can see them being negative, Chainlink on the other hand continues to keep stable prices acting unaffected by the other asset classes due to its inherent value.
Long
by CiaranShorttFX
LINK — Way To Go To Turn Bullish!LINK has been one of the stronger tokens in recent days. In fact, it recovered quickly from its drop below the crucial $13 level. However, LINK is still far away from turning bullish. One of the best indicators to show this is the Ichimoku system. When adding the Ichimoku to the chart, you can discover three aspects that need to change to turn bullish. 1—Despite several attempts, LINK didn't manage to break out of the cloud. This would be the first and essential step in establishing bullish momentum. 2 - The future cloud shows an upcoming bearish continuation. Although the cloud is getting narrower, we are still away from a crossover. 3 - The Kijun line (red) is getting closer to a crossover. A situation LINK should avoid by all means. To initiate a bullish trend, the breakout to the top of the cloud would be essential. 
by ben_walther