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LINKUSDT.PS trade ideas

CHAINLINK ELLIOT WAVE ANALYSIS Navigating this chart poses quite a challenge given the intricacies of the candlestick formations. Despite this complexity, I've endeavored to apply my understanding of Elliott Wave Theory to analyze and potentially forecast future movements. However, I acknowledge the possibility of error, whether it's due to miscounting waves or other factors. I welcome alternative perspectives and suggestions. Upon studying the chart, it appears that CHAINLINK has been undergoing a corrective ABC wave pattern since its inception, reaching a peak in 2021 before embarking on a corrective phase. The analysis becomes particularly nuanced due to nearly a year of consolidation, forming a triangle pattern likely indicative of the final wave C within its correction. If my interpretation is accurate, CHAINLINK has recently completed wave 1 and is poised for a correction with wave 2. This correction may target the 0.764 extension level or potentially fall below it. At present, the short-term trend appears bearish while the long-term outlook leans bullish.
Long
by thekidtrader11
2
#1 Link. Is it the start of a big move?Link/USDT On the weekly chart we can see it holding above the major support of $13.60, this is a long term support, it is reacting well as of now. As long as the price is above that support, it might start moving higher into the major resistance of $21. I expect a pullback as soon as we see it around $21-$22 to $17-18 region and then we will decide what is more probably to happen. As of now, price action looks fine. The daily chart had a goldencross, which means the trend is to the upside and every EMA acting as support. I like it. I believe it's gonna pay!
Long
by DOLLAROWNER
#LINKUSDTAt the current price of 14.18 dollars, Link currency has been between the two specified ranges for almost 2 months. As long as the yellow trend line breaks down and the support box does not stop the price from falling, it will reach the lower prices that we specified. For the bullish scenario, which is not too far from the mind, it should reject the resistances of 14.8 onwards and the above box will give us high growth and profit if it is broken. Technical analyst: Amir Hassan Salek
Long
by taghadosi
✴️ Chainlink Down-Move (Correction) MappedThe wave pattern is for illustration purposes only as the down-move can develop in any size or shape... Not once since September 2023 did Chainlink close 4 days red, until yesterday. After peaking 28-Dec., the same day LINKUSDT closed red as well as on the 29, 30 and 31st of December, completing four consecutive days closing red. The orthodox end/top of the bullish wave happened 11-November 2023, the rest is part of an irregular correction. ➖ 30-Dec. LINKUSDT moved and close below EMA10/21. ➖ 31-Dec. bearish confirmation takes place. ➖ The RSI moved below 50... These signals point toward lower prices. All the action happening near resistance is likely a distribution phase, this will only become true if a breakout is the next move. The potential correction is clearly depicted on the chart. Namaste.
Short
by AlanSantana
23
LINK : Still +50% UPSIDE Possible📉Hi Traders, Investors and Speculators of Charts📈 Chainlink / LINK is an altcoin that still has massive upside potential for the coming bull season. If you have been following me for a while, you'll know I've been saying we are trading in the opening moments of a new bullish cycle . I've also referred to this as Elliot Wave Theory Wave 1. According to my plan, this is the first impulse wave towards the upside. But the upwards wave are always followed by correction waves; a natural part of any cycle. I expected the correction phase to be close to/ before the BTC halving which is in April. For the near term, I'm expecting LINK to trade range between the upper resistance and lower support as pointed out on the chart, roughly $2 up or down. This is a great re-accumulation zone, incase you missed the first lower-accumulation entry point. If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck CRYPTOCAP:LINK BYBIT:LINKUSDT.P BINANCE:LINKUSD.P BINANCE:LINKUSDT COINBASE:LINKUSD
Long
by CryptoCheck-
6
LINKUSDT.3HBased on the provided market data for LINK/USDT: - Current Price: $13.90 - 4-hour indicators: RSI is 31.30, MACD is -0.324, Bollinger Bands are at 15.600 - Daily indicators: RSI is 43.74, MACD is -0.061, Bollinger Bands are at 16.235 - Weekly indicators: RSI is 64.78, MACD is 1.892, Bollinger Bands are at 19.260 The Relative Strength Index (RSI) on the 4-hour chart is currently quite low, indicating that LINK could be oversold and might experience a price reversal. However, the MACD on the same timeframe is negative, suggesting some bearish momentum. On the daily chart, the RSI is relatively neutral, while the MACD is slightly negative. This could indicate a potential sideways movement or a slight bearish trend in the short term. The weekly RSI is in the bullish zone (above 50), and the MACD is positive, indicating a potential bullish trend in the longer term. Support and resistance levels are as follows: - 4-hour: Support at $14.63, $13.70, and $13.34. Resistance at $14.842, $15.54, and $16.77. - Daily: Support at $13.50, $12.70, and $12.057. Resistance at $16.34, $17.35, and $18.59. - Weekly: Support at $12.412, $11.50, and $8.847. Resistance at $17.81, $19.337, and $20.86. In conclusion, the short-term charts indicate a bearish or sideways trend, while the longer-term charts suggest a potential bullish trend. It is advisable to keep an eye on the market for any changes in these indicators that could signal a shift in the market direction. Please note that this is just an analysis based on the current market data and not a definitive prediction. Always do your research and consider your risk tolerance before trading.
by MarsSignals
LINK/USDT 4H ChartI invite you to review the LINK chart in pair with USDT. Let's start by identifying the downward trend channel from which the price broke out at the bottom using the blue lines. However, here the exit from the channel could have resulted in a drop close to the height of the channel itself, which indicates a potential place for further declines. Locally, we can mark a downward trend line that keeps the price in a downward movement. After unfolding the fib retracement grid, you can see how the support at $13.91 kept the price from falling further, but if the price breaks below the current support, we still see a very strong support zone from $13.17 to $12.22. Looking the other way, we can also determine the resistance areas. And here there is visible resistance at $14.73, and when the price breaks out, it will have to face a strong resistance zone from $15.98 to $16.63 before moving towards the new ATH. Please look at the RSI indicator as there is still room for growth, but the indicator is starting to turn down again. However, on the STOCH indicator we are moving at the lower part of the range, but here too there is no energy for a stronger upward movement.
by cryptodailyuk
Chainlink bullrun emerging? Supply in stock markets reaches lowest point in 4 years LINK's fortunes changed over the weekend as it experienced a mini breakout and rose to $15.82 for the first time since April 6, 2022. This positive momentum was boosted by the fact that LINK's supply on exchanges dipped below 15% for the first time in about four years, as shown in Santiment's most recent analysis. This is the lowest level since Feb. 5, 2020, and indicates a decline in the propensity to sell, indicating that investors are optimistic about the potential for further gains.
by EDUCASH247