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LINKUSDT trade ideas

LINK → Moon or Doom? This Analysis Provides Some Clear Answers.Chainlink slammed into the Resistance Zone after a beautifully executed measured move up. We're now in a minor pullback hovering just below resistance. Should we enter a trade here? How do we trade this? This is not the right moment to enter a trade. The price action screams bullish; A measured move up, showing support on the 30EMA, RSI around 50.00 with plenty of room to go up. But we're right at the resistance zone and without a clear signal that we're going to break out, it's too risky to long. Likewise, we don't have a sell signal or any price action indicating that we're going to reverse. Bitcoin as a leading indicator is struggling to break its Weekly Resistance which could impact Chainlink's price action. Until we have a clear signal either way, we should remain on the sidelines. Here are a couple of potential trade ideas if the price breaks in either direction. Trade Ideas Long Entry : $19.12 Stop Loss: $16.92 Take Profit: $23.53 Risk/Reward Ratio: 1:2 Short Entry : $12.90 Stop Loss: $15.10 Take Profit: $8.49 Risk/Reward Ratio: 1:2 Key Takeaways 1. Measured Move Complete. Pullback in Progress. 2. Price near Resistance Zone. Wait for More Price Action. 3. Short Setup, Wait for Bear Signal Bar and Confirmation. 4. Long Setup, Wait for Break of Resistance Zone. 5. RSI near 58.00 and below Moving Average. Bias to Short. You are solely responsible for your trades, trade at your own risk! If you found this analysis helpful, click the Boost button and let us know what you think in the comment section below!
by TraderEngineering
LINK/USDT Long Trade Setup ⬆️Hello Everyone 🙋🏽‍♂️ RSI +Demand zone + Sellside liquidity 🟠 EP 14.225 🔴 SL 13.806 🟢 TP1 14.679⚠️( Close 33% of the trade and Set the SL on EP )⚠️ 🟢 TP2 15.071⚠️ ( Close 33% of the trade )⚠️ 🟢 TP3 15.516🔥 ( Final result)🔥 We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone, manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $. Don't forget to hit the like bottom and write a comment to support us. Follow us for more 🙋🏻‍♂️ Best Regard / EMA Trading . Disclaimer: ---------------- It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
Long
by UnknownUnicorn60802882
1
LINK Could Explode to $17.685 as Breakout Pattern EmergesFrom a technical perspective, we can observe the formation of a symmetrical triangle pattern on the daily chart for BINANCE:LINKUSDT . This specific chart pattern indicates the potential for a forthcoming price breakout. If the altcoin's price makes a strong upward move in the coming days, it might attempt to turn the resistance level at $14.825 into a level of support. Subsequently, if the cryptocurrency manages to achieve a daily candle close above this resistance barrier, it could lead to a further ascent in LINK's price. In this optimistic scenario, LINK could potentially reach as high as $17.685 within the next few days. However, it's essential to note that this bullish outlook could be invalidated if LINK fails to achieve a daily candle close above $14.825 in the next 72 hours. Consequently, there could be a risk of LINK's price dropping to as low as $12.610 in the short term. Examining the daily Relative Strength Index (RSI) indicator reveals that bullish momentum is gaining strength on LINK's daily chart. As the RSI line continues to rise toward the RSI Simple Moving Average (SMA) line, it suggests the possibility of a significant bullish technical signal being activated. The potential crossing of these two lines could indicate a substantial shift in momentum in favor of the bulls.
Long
by StevenWalgenbach
LINK Chainlink Price TargetIf you haven`t bought the dip on LINK here: Then you need to know that Binance, along with its CEO 'CZ,' has confessed to federal charges and committed to settling fines amounting to $4.3 billion. The crypto exchange “admits it engaged in anti-money laundering, unlicensed money transmitting and sanctions violations"! The question arises: from where will these substantial funds be derived? One possible source is Binance's Proof-Of-Reserves, which reportedly exceeds 100%. Among the tokens impacted is LINK Chainlink. I've set a short-term price target for LINK Chainlink at $11.50. Looking forward to read your opinion about it!
Short
by TopgOptions
LINK contraction , bullishLINK is contracting huge on the price action as well as RSI. Volatility is slowing to a standstill and volume has dropped heavily. The 20 and 50 ema are riding right on each other. Combine all of these facts and what does this generally mean? Buyers and sellers are more and more unsure about placing limit orders further out from the current price. The volatility can only expand from here, these consolidations usually resolve in a big move. Since the longer term trend is your friend, I favor a bullish move here attempting the huge resistances I shared on the long-term chart. We are also seeing a potential end to a reverse head and shoulders here. The dashed greens are the historical resistances before the price action is way off to the races, 20 $. I am long.
Long
by Apollo_21mil
LINK/USDT Long Trade Setup ⬆️ Hello Everyone 🙋🏽‍♂️ Downtrend 🟠 EP 13.745 🔴 SL 13.182 🟢 TP1 14.325 ⚠️( Close 33% of the trade and Set the SL on EP )⚠️ 🟢 TP2 14.870 ⚠️ ( Close 33% of the trade )⚠️ 🟢 TP3 15.435 🔥 ( Final result)🔥 We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone, manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $. Don't forget to hit the like bottom and write a comment to support us. Follow us for more 🙋🏻‍♂️ Best Regard / EMA Trading . Disclaimer: ---------------- It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
Long
by UnknownUnicorn60802882
8
Link facing massive resistance on monthlyLINK is facing two areas of monthly resistance and has wicked past the first, it was denied. I still have the weekly and monthly diagonal resistances labeled. The RSI is showing a huge uptick here, there is a bullish divergence noted on the weekly chart as well. I added green arrows to the historical price areas that need to be broken for this thing to really move. I think the token consolidates here for a few more attempts at 15$, and then 17$. There is not much price action until 19.5 after that.
by Apollo_21mil
How to analyze Chart for possible Long/Short holds using $LinkToday I will be teach on how to analyze Chart for possible Long/Short holds. We have three stages of market structure: >Distribution >Accumulation >Distribution Before you go into any trade, look at the higher time frame (1W 1D 4H) for a clear view of the market structure. Don't get this twisted, Accumulation stage can form either at the top to drive a bearish move to the downside or at the bottom to produce a bullish move to the upside distribution. When the market structure start to form small EQH and lows swing after a long bullish move to the top or bearish move to the bottom, this totally means that lots of people are accumulating in that zone. Look for a buy/sell option when you see this, it works perfectly for spot trading and it's less risky and more profitable for people trying to grow their accounts. Good luck Traders 😊
by Mails_08
1
How to analyze chart for good long and short holds using $LinkToday I will be teach on how to analyze Chart for possible Long/Short holds. We have three stages of market structure: >Distribution >Accumulation >Distribution Before you go into any trade, look at the higher time frame (1W 1D 4H) for a clear view of the market structure. Don't get this twisted, Accumulation stage can form either at the top to drive a bearish move to the downside or at the bottom to produce a bullish move to the upside distribution. When the market structure start to form small EQH and lows swing after a long bullish move to the top or bearish move to the bottom, this totally mean that lots of people are accumulating in that zone. Look for a buy/sell option when you see this, it works perfectly for spot trading and it's less risky and more profitable for people trying to grow their accounts. Good luck Traders 😊
by Mails_08
1
📊#LINK may continue to fall based on the smiley face structure🧠We went up from the bottom smiley bullish structure and stopped near $16. In the process of consolidation, a smiley bearish structure was formed. Although there was a period of rise yesterday, it did not destroy the overall bearish structure, so we are likely to continue to fall. ⚠️Note that if we stabilize near the support zone and break above the resistance zone and the bear defense point, then the bearish view will be invalidated. Let's see👀 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯
Short
by wolf_king888
4