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ChainLink / TetherUS

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LINKUSDT trade ideas

LINK/USDT 1HInterval Chart I invite you to review the LINK chart in the USDT pair, also on a one-hour interval. First, we will use the blue lines to mark the upward trend channel where the price is struggling to maintain its position, while the local yellow circle will mark the local upward trend lines to which the price is trying to return. After unfolding the trend based fib extension grid, you can see the support at the level of $14.82, which has held the price for now, then the second support at $14.31, and then the third support around $13.44. Looking the other way, we see that the price is heading towards the resistance level of $15.53, which had previously decreased the price, the next resistance is at $16.11, only after breaking above it, the price will be able to move towards $17. The RSI indicator shows that we are staying near the middle of the range, while the STOCH indicator still has room for the price to drop to lower levels.
by cryptodailyuk
LINK IS BEARISHA range is formed between SW H and SW L Recently, the trend lines were broken and we have a bearish CH on the chart With this weak momentum, we are expected to move down I have marked the targets on the picture Closing a daily candle above the FLIP level will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Short
by behdark
3
LINK → Chainlink Potential Triple Top! Short Scalp Opportunity?Chainlink has been attempting to break the $16-$17 range since November 11th and has failed there times. After the crypto sell-off on January 3rd, Chainlink made one more attempt but fell short at $15.75. With that lower high, is it time to short? How do we trade this? 🤔 We have a potential triple top, a doji (one bar trading range) just under the Resistance Zone which is a potential lower high, and a crypto market that's burning hot and likely nearing a strong pullback. To confirm a short entry, we need a strong bear bar closing on or near its low below the Daily 30EMA. Stop loss should be just above the previous high. 💡 Trade Idea 💡 Short Entry: $14.20 🟥 Stop Loss: $17.90 ✅ Take Profit: $10.50 ⚖️ Risk/Reward Ratio: 1:1 🔑 Key Takeaways 🔑 1. Potential Triple Top Reversal. 2. Doji candle just below Resistance Zone. 3. Look for Bear Candle Confirmation Below 30EMA. 4. Use Low Position Size, 1:1 Risk/Reward Scalp. 5. RSI at 51.00 and above the Moving Average. Indecision. 💰 Trading Tip 💰 There is over a 60% chance of a measured move after the breakout of a major resistance, normally, a trading range. That means the distance from the trading range resistance to the top of the breakout will happen again above the top of the breakout. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
Short
by TraderEngineering
4
Link wave 5 in or coming?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better! BIST:LINK update. 🧵 In @ 13.92, TP. Thinking #Elliottwave sideways possibility since the price got up here. I also know sideways can be tricky. Trading tricky is tricky. There are ways to minimize getting chopped. 2 W5 coming counts, if It's not in already... New high=clarity
Long
by CryptoKnee
Chainlink (LINK) Poised for Further Growth Despite Bitcoin's recent correction, BIST:LINK maintains a positive market stance, continuing its upward trend. Currently, its price hovers near the resistance area of $15.9–$16.5. A successful break above this resistance could lead to seller reactions in the $17.10–$17.65 range. A breach of the $17.65 level might propel BIST:LINK to as high as $20, a price point not seen in the past eighteen months. In a less likely correction scenario, BIST:LINK could retreat to support levels at $14.4–$15, $13.5, and down to $12.25–$13. A major downturn would only be triggered by a substantial Bitcoin correction and BIST:LINK 's price falling below $10.
Long
by DEXWireNews
LINK/USDT 4HInterval ChartI invite you to review the LINK chart on a four-hour interval. As we can see, the price has overcome the downward trend lines, but currently the blue lines mark the upward trend channel that the price has created with upward movements. Let's start by laying out the Fib Retracement grid, which will help determine price support points, and we can see that first we have support at $14.80, and then we can see a strong support zone from $13.10 to $12.20. Looking the other way, we can similarly determine the resistance areas that the price must face. And here you can see the price approaching a strong resistance zone from $16.48 to $17.64. If the price breaks out of this zone and tests it positively, we may see increases towards the resistance level of $31. Please look at the RSI indicator because you can see that we are approaching the upper limit, but there is still room for further increases. However, the STOCH indicator shows an increase to the upper limit, which limits the upward movement and may result in a price recovery.
by cryptodailyuk
CHAINLINKChainlink occupies a significant role in the crypto space because it bridges the gap between the secure but isolated world of blockchains and the dynamic realm of external data. Here's how its importance unfolds: Connecting with Reality: 1. Smart Contract Enabler: Blockchains alone can't access real-world data like weather, prices, or APIs. Chainlink serves as a decentralized oracle network, enabling smart contracts to interact with this external information. This empowers smart contracts to trigger actions based on real-time events, unlocking possibilities like automated insurance pay-outs or dynamic lending rates. 2. Decentralized and Secure: Unlike centralized oracles vulnerable to manipulation, Chainlink relies on a network of independent nodes called oracles to source data. This decentralized approach fosters trust and eliminates single points of failure, boosting the security and reliability of data feeds. Enhancing the Blockchain Ecosystem: 1. Fueling DeFi: Decentralized finance (DeFi) applications like lending protocols and exchanges hinge on accurate and timely data. Chainlink plays a crucial role in powering these applications, ensuring efficient lending rates, automated collateralization, and seamless token swaps. 3. Expanding Use Cases: The potential of Chainlink extends beyond DeFi. It facilitates diverse applications like supply chain management, data marketplaces, and even blockchain-based gaming by providing verifiable real-world data and triggering actions based on pre-defined conditions. Overall Significance: 1. Unlocking Real-World Potential: Chainlink acts as a key intermediary, breaking down the walls between blockchains and the outside world. By enabling smart contracts to respond to real-world events, it opens doors for innovative applications and expands the scope of what blockchains can achieve. 2. Building Trust and Transparency: In an industry plagued by centralized control and lack of transparency, Chainlink's decentralized approach offers a breath of fresh air. By democratizing access to data and providing secure oracle solutions, it bolsters trust and transparency in the crypto space. Chainlink does not have much competition despite the role it plays in the DeFi space. The price is currently at a HIGH-RISK ACCUMULATION ZONE. A break-out is possible in either direction. We are looking at a retest entry if the price falls lower at around the 52-week Moving average or within our LOW RISK ACCUMULATION ZONE.
by Candles254