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CHAINLINK / TETHER Standard Futures

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LINKUSDT.PS trade ideas

$LINK is very bullish at monthly close I am looking at this chart and thinking that the 9.5 resistance turned into a support at the arrow marker but will never look back and take off leaving everyone behind (exept the people that bought in the 550D range). 10 dollars was a psychological level for a day and then it moved to almost $12 for some good range and a real target. I dont think we will ever fall back into that psychological level because we already left it behind. November close is coming very soon and i think LINK wil act strong at the opening.
Long
by Tradingmarato
LINK- Inverse Head and ShouldersBackground: Since May 2022, Link is in an accumulation range. The range low is at 5.44. The range high is at 9.44. I consider the deviation below the range low in July as a Wyckoff Spring event. IMO, Link’s breakout is dependent on Bitcoin’s PA. Meaning, that If Bitcoin fails to break above 31.85K, Link will fail too. Price Pattern: It looks as if Link is about to complete an Inverse Head and Shoulders pattern. The neckline breakout point is at 8.48 USDT. Be advised that the range high of 9.44 USDT is close to the breakout target, and it is likely to be a tough nut to crack. Trade Idea: My premise is that if Link does manage to break above the range high, it will likely take-off. If you are considering taking this as leveraged trade, consider placing tour SL tighter. • Entry: 8.5 • SL: 7.17 • Target: 12:06. • R: R: 1:2.66 A breakout above the range high (if and when) is another trade opportunity.
Long
by NewThoughtCrypto
LINK May Undergo a Bearish Trend Reversal SoonOver the past few days, LINK has maintained a consolidation phase, trading within the range of $10.635 to $11.785. Earlier today, there was a breakout on the 1-hour chart, causing LINK to briefly move out of this sideways price channel. However, bears swiftly pushed LINK's price back into the channel. Nevertheless, there is still potential for the altcoin to break free from its consolidation phase in the next 24-48 hours. If LINK manages to close a daily candle above $11.785 within the next two days, it could potentially continue its ascent and reach $13.325. It's important for investors and traders to be aware of a medium-term bearish rising wedge pattern on LINK's daily chart, indicating the possibility of a correction occurring sometime in the next week. Adding weight to this bearish outlook is the daily Relative Strength Index (RSI) indicator, which has entered the overbought territory. Traders may interpret this as a signal to sell, potentially leading to an influx of short positions being initiated for LINK over the next few days. If this bearish scenario materializes, LINK's value may decline to find support at the immediate level of $10.635. Subsequently, sustained selling pressure could drive the cryptocurrency's price further down to the next support level at $9.175 in the following week.
Short
by StevenWalgenbach
LINK double top formationLooks like LINK has made a double top formation here, so now the question is do we break the resistance or do we drop towards the 9/10 zone. BTC is holding pretty decent past days, not great but also not bad. So for me both options are on the table. Just important to see, that if the resistance area breaks around 11.5/8, that we see a convincing break up with a relative fast and or small retest (yellow line). So on the other side we have the red line breakout, meaning a break of the resistance, but it has trouble of following through. This could have 2 reasons, 1) LINK is acting as if it's strong but its all a trap 2) Link is strong, but after the break of that resistance, Bitcoin is acting weak and starts top drop which will cause buyers to eventually throw in the towel and start selling as well. Both have the same result so what does it matter? Well, it does matter. Because if it's number 2, which I personally think it will be (IF the red line would play out that is), that it means that as soon as BTC will start to stabilize again and moves up, that LINK will start to outperform again. If it would be version 1, than it means the whole rally is just a big trap and LINK might have set the high for the year already. So knowing the reason behind the 2 scenario's, helps you prepare for knowing what to do AFTER the drop. Now back to the main picture, will red or yellow play out. Think the longer we hang against this resistance around 11.5/8, the bigger the chance it will break and THEN we need to see if scenario red or yellow plays out. In case we don't break up from here, than those 2 yellow boxes are small support zones. But normally it's in the make or break are now. If it breaks up, first target is around 12.8. Above that level i don't have real targets, but i do see a big resistance around 16. And hello to everyone again :), think it has been almost 2 years again for my last analysis here on TradingView :). David
by botje11
21
Chainlink Pushes Towards $12 with Positive EMA and MACD IndicatoWith the EMA period and MACD indicators both staying positive, Chainlink is making significant strides towards the $12 mark. It's time to seize this opportunity and consider a long position on Chainlink! The current market conditions have provided us with a strong bullish trend for Chainlink, and the EMA period and MACD indicators are reinforcing this positive sentiment. As the EMA continues to climb steadily, it reflects the sustained upward momentum of Chainlink's price. Additionally, the MACD staying positive indicates that the buying pressure is outweighing the selling pressure, further supporting the bullish outlook. Now, you might be wondering, what does this mean for you as a trader? Well, it's an exciting chance to capitalize on Chainlink's upward trajectory! By taking a long position on Chainlink, you have the potential to ride the wave of its growth and potentially reap substantial profits. The positive EMA period and MACD indicators serve as strong signals that the upward momentum is likely to continue, making it an opportune time to consider entering a long position. So, what's the next step? Don't miss out on this fantastic opportunity! I encourage you to carefully analyze the market conditions, conduct thorough research, and consider taking a long position on Chainlink. As always, it's essential to have a solid risk management strategy in place and stay updated on the latest market developments. Remember, trading is all about seizing opportunities, and Chainlink's current positive trend is one you definitely don't want to overlook. Stay positive, keep your spirits high, and let's make the most of this exciting market movement together! If you have any questions or need further assistance, feel free to comment below. I'm here to support you on your trading journey.
Long
by bryandowningqln
1
Nice breakout in Link, where we can enter?Hello Crypto Enthusiast, LINK - CHAINLINK , a master in Oracle. Facilitates secure communications between Ethereum projects and various off-chain data. Holds 61% market share. Technically, after a long term accumulation, it just broke out. with that said, where we can buy again? I feel price will do a pullback to 8.5 to 9.5 zone before next rally or buy above the recent high at 11$ I would enter this in zone with a stoploss below the swing low around $7. Risk is 25% and target is 500%. Trade will run for a year or so to reach $50 , $100 Please DYOR before investing.
Long
by Mreasytrade