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ChainLink / TetherUS PERPETUAL CONTRACT

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LINKUSDT.P trade ideas

Brace for a Potential Thrill Ride Down to $11.785 for LINKLINK seems to have established a peak and may be at risk of dropping below the $14.825 support level in the next few days. Supporting this bearish outlook is the daily Moving Average Convergence Divergence (MACD) and the daily Relative Strength Index (RSI) indicators. Over the past 48 hours, the daily RSI line crossed below the daily RSI Simple Moving Average (SMA) line. This signals that sellers have gained the upper hand on LINK’s chart, and may continue pushing the altcoin’s price down in the short term. Meanwhile, the daily MACD line was closing in on the daily MACD Signal line. This could be an early indication of LINK’s positive medium-term trend undergoing a bearish reversal in the next few days. Should these technical flags be validated, LINK could fall to as low as $11.785 in the next couple of days. A potential confirmation of this bearish thesis will be when LINK breaks below $14.825. Conversely, the altcoin remaining above $14.825 for the next 48 hours could invalidate the bearish thesis. In this scenario, LINK may climb to as high as $17.150 in the short term.
Short
by StevenWalgenbach
LINK Weekly Analysis - Are we about to Reverse to the Downside?Chainlink had a fantastic breakout of the Weekly 200EMA closing two weekly candles above it. We're about to close a third bullish weekly candle in a row, so should we long at this level? Not so fast! As a trend continues your probability of profit increases in that direction, but that's in exchange for greater risk because your stop loss must be placed under the bull bars. Eventually, that formula is no longer sustainable because more traders stop entering as the risk grows and the trend reverses. In this case, a tight stop placement would be at $7.00, and a riskier but still reasonable stop placement would be at $9.00 just below the 200EMA. The current price is almost at $16.00, longing here would give you at best a 2:1 Risk/Reward Ratio, which is a fine scalp but given the following key points, I would wait. Key Points 1. Strong bounce off of Weekly Support led to a bull breakout! 2. Price is in contact with a Weekly Resistance Zone 3. Bitcoin as a leading indicator, has not confirmed its breakout of Weekly Resistance 4. RSI is overbought. Wait for a pullback to enter Long. I believe we need more price action before we can long, but I would also not short until we see a reversal bar closing on or near its low. You are solely responsible for your trades, trade at your own risk! Let us know what you think in the comment section below!
by TraderEngineering
ChainLink Link price does not dare rise, which can be impressiveThe 420th day of a long and protracted consolidation in the wide price range of $5-9 LINKUSDT has passed Both shorts and longs are gaining positions in consolidations. Given that almost everyone has theoretically agreed that the "bottom of the cryptocurrency market in 2023" has already been reached, we can assume that someone is buying enough Link to last their grandchildren.) Also, "old" altcoins have been growing well lately: BCH, LTC, XLM, XMR, etc. and the generation of altcoins in 2019-2020 also grew +30-50% in 2 weeks. Maybe it's time for the Chainlink token price to start an upward trend? Perhaps, but when it will happen is a mystery... Maybe you know the answer to this question, then write in the comments. However, we have estimated the goals where LINK sales will take place in the medium term: $12.50 - $15 - $17.50 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
46
🚀 LINK: Altseason Cheat Sheet🚀Hope: The Beginning of the Journey LINK's recent movements align with the 'Hope' phase. During this stage, the asset typically experiences a modest increase, fueling optimism among traders. LINK's price action, coupled with positive sentiment, lays the foundation for what might unfold as a remarkable altseason journey. Optimism to Belief: LINK's Ascension As LINK transcends the initial hope, it inches toward the 'Optimism to Belief' stage. Here, we witness a more substantial rise in price, solidifying the confidence of early investors. This phase often attracts more attention, drawing in traders who transition from hopeful observers to active participants. Thrill: A Rally of Excitement The 'Thrill' stage, characterized by a rapid ascent in price, is where LINK is heading next. This phase brings a surge of excitement and enthusiasm, propelling the asset to new heights. Social media platforms buzz with discussions, and the community celebrates LINK's impressive performance. Euphoria: The Pinnacle of Excitement The final destination, 'Euphoria,' awaits LINK at the peak of altseason. This phase witnesses an exponential price increase, reaching levels that captivate the broader market's attention. During euphoria, FOMO (Fear of Missing Out) kicks in, attracting both retail and institutional interest. Trading Strategy: Navigating LINK's Altseason For traders, understanding the psychological phases of altseason can be a valuable tool. Strategic entries and exits, risk management, and staying informed about market sentiment are crucial elements for navigating LINK's journey through the altseason cheat sheet. Conclusion: Altseason's Tale Unfolds As LINK progresses through these phases, the broader crypto community watches with anticipation. Each move on the altseason cheat sheet brings unique opportunities and challenges. Traders and investors alike must stay vigilant, adapting their strategies to the evolving narrative of LINK's altseason journey. 🔗 LINK Analysis | 🚀 Altseason Strategies | 💡 Investor Insights ❗See related ideas below❗ Are you riding the altseason wave with LINK? Share your thoughts, experiences, and strategies in the comments!💚📈💚
Long
by Yaroslav_Krasko
2
Link sliced trough the weekly 200MALink sliced trough the weekly 200 MA like its nothing. We are likely gona go to 18-20 dollars this or next month and then come back to retest the MA later on. But when crypto starts pumping you never know. It might chill at 18-20 for a couple of weeks at then go to 30. Either way congrats to the bottom buyers. This was the easier coin to buy when it was in the 5-8 dollar range. Thats what happens in the bull market. First pump the fundamentally backed cryptos, after a while money rotates to the shit coins. I dont think we are at that point yet, but we are getting closer.
Long
by BGMind_Control