#LINK Head and Shoulders Formation Points to Potential DownsideChainlink (LINK/USDT), Head and Shoulders Formation Points to Potential Downside
On the 4-hour timeframe, a clear Head and Shoulders pattern has emerged, signaling a potential bearish reversal. Key support levels are identified at $19.89 - $21.86, and a decisive close below this critical zone could pave the way for a significant downside move, with the next target projected around $12.
Traders should monitor the price action closely at the support zone, as a confirmed breakdown could provide an optimal short entry to capitalize on this pattern. Stay vigilant and ready to seize this opportunity.
Not A Financial Advice, Trade at your Own Risk. We are not responsible for profit or losses
LINKUSDT trade ideas
#LINK Head and Shoulders Formation Points to Potential DownsideChainlink (LINK/USDT), Head and Shoulders Formation Points to Potential Downside
On the 4-hour timeframe, a clear Head and Shoulders pattern has emerged, signaling a potential bearish reversal. Key support levels are identified at $19.89 - $21.86, and a decisive close below this critical zone could pave the way for a significant downside move, with the next target projected around $12.
Traders should monitor the price action closely at the support zone, as a confirmed breakdown could provide an optimal short entry to capitalize on this pattern. Stay vigilant and ready to seize this opportunity.
Not A Financial Advice, Trade at your Own Risk. We are not responsible for profit or losses
Why #LINK Could Be Headed for New Highs?BINANCE:LINKUSDT
At present, the coin continues its upward movement. Previously, the asset received strong buy support at the $19.78 level (also a key support level).
Now, buyer interest is focused in the $24 - $20 range (this is where the largest volumes are concentrated). Spot purchases should be considered within this range as well, with possible further accumulation at the $13.78 level (unlikely, but worth noting).
Spot Targets:
1️⃣ $35.76
2️⃣ $52.79
And we’re sure to reach them!
I believe #LINK has tremendous potential for further growth.
DYOR.
LINK/USDT 4h chart reviewHello everyone, let's look at the 4h LINK to USDT chart, in this situation we can see how the price is moving along the local upward trend line, but here we have bounced off the visible resistance at the levels:
T1 = $25.44
T2 = $26.71
T3 = $28.48
Now let's move on to the stop-loss in case the market continues to decline:
SL1 = $23.70
SL2 = $22.29
SL3 = $21.29
SL4 = $19.75
Chainlink (LINK): Possible Head & Shoulders on Smaller TFChainlink has made a nice decline where we bounced right off as well.
We expect to see a smaller recovery to further upper zones and then a possible H&S pattern to form on smaller timeframes where we will be looking for a weakness near the right shoulder to form.
Once we see it, we will be looking for a possible downward movement to the neckline zone (support zone).
Swallow Team
Waiting For The Price Action📊 Chainlink is hovering near the $21 support area, which has historically been a strong level for price reaction.
🟢 If this zone holds, it could pave the way for a move toward $25 and potentially $27.
👉🏼 Monitoring price action around $21 can provide insights into the next direction.
⚠️ Trading involves risk; assess carefully before taking action.
#LINK/USDT Ready to go higher#LINK
The price is moving in a descending channel on the 1-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at 21.45
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the 100 moving average
Entry price 23.25
First target 24.12
Second target 25.53
Third target 27.12
#LINK Double bottom structure📊#LINK Double bottom structure📈
🧠From a structural perspective, we have constructed a bullish double bottom structure at the weekly level. The ideal target area of this structure has not yet been realized, so we can still maintain a positive attitude and look forward to more.
➡️Currently, there has been a correction after encountering the resistance zone at the weekly level, and it has reached the support zone at the daily level, so we need to be alert to the occurrence of a rebound.
Let’s see 👀
🤜If you like my analysis, please like 💖 and share 💬
BITGET:LINKUSDT.P
Chainlink (LINK) Cup & Handle BULLISH!Chainlink (LINK) has formed a Cup & Handle pattern with a bullish scenario. The breakout has formed a bullish trend for the bulls creating pressure to push the price to the upside. In addition, the bears have pulled the price back down towards the neckline which acts as a previous Upper Resistance line.
Bid Zone= $19.27 - $22.87
Expect price to continue to the upside with followed buying momentum from the bulls. After this pullback, Chainlink will now retest previous "All-Time High" dated back from 2021.
Target= $52.28
A slight pause for LINK?#LINK is definitely one of the favorites in this bull rally. Recently, it has been forming a narrowing range, which represents an ascending triangle. The price is consolidating within this range, creating a foundation for further upward movement. A breakdown of the lower boundary would invalidate this scenario.
News: Chainlink is integrating with Coinbase's tokenized assets platform. It will ensure verifiable data transfer and cross-chain interoperability for Coinbase’s Project Diamond.
Weakness Prevails Below Key LevelsChainlink continues to show bearish momentum after losing key support levels.
Key Observations:
dVAL and pdVAL Lost – LINK has dropped below the daily value area low (dVAL) and remains weak with no significant new volume coming in, indicating a lack of buying interest.
Swing Low Taken Out – LINK has taken out the swing low at $28, but the volume remains low, showing weak follow-through and limited buying activity.
pdVAL and pdPoC Resistance – The previous daily value area low (pdVAL) and the previous daily point of control (pdPoC) are both situated at $29, now acting as a strong resistance level. Bulls must reclaim this area to regain strength.
Lack of Bullish Defense – Bulls are failing to defend key levels, further signaling weakness.
Below Key Levels – LINK remains below the weekly open (wOpen) and the daily open (dOpen), confirming a bearish bias.
Target Levels:
Bearish Targets:
pwOpen (previous weekly open) coincides with the daily level at 26.09, making this a significant confluence area for potential support.
The 0.5 Fibonacci retracement at 25.61 strengthens this zone as a next key downside target.
Next Major Zone: The green support area below 26.09 remains a potential demand zone if selling pressure persists.
Summary:
With LINK taking out the swing low at $28 on low volume, remaining below dVAL, pdVAL, dOpen, and wOpen, the bearish momentum remains intact. The pdVAL and pdPoC at $29 now serve as strong resistance. The next major downside target lies at 26.09, where confluence with the pwOpen and daily level strengthens the support zone.
Chainlink (LINK): Waiting For Exit Point! / 30% Growth!Chainlink has made pretty decent upward movement on bigger timeframes, securing fully that support zone.
As we had a 30% move, we are now riding in a small sideways tunnel where we are waiting for a breakout or a breakdown.
At this point it is hard to say which way we will go from here as there are no further confirmations, but as we mentioned previously, waiting is the key.
So we wait for either a breakdown or a breakout from local support and resistance zones (sideways tunnels upper and lower lines). As soon as we see any signs of break, we will be looking for a position from there!
Swallow Team
LINKing Up or Breaking Down: $26.70 to Watch.Unable to break through $30.93, Chainlink declined to below $28.70. We have to watch the price action around this level.
1. We need to see a strong recovery to above $28.70 support level that could signal a continuation of the bullish momentum, potentially driving LINK to retest $30.93 and move higher toward the next resistance at $34.58. Such a scenario would underscore the presence of strong buying interest (Green Projections).
2. On the downside, a failure to maintain $28.70 could expose LINK to further weakness, with a possible decline toward the critical support at $24.49 in 4-Hour Chart.