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LINKUSDT trade ideas

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
Chainlink: The Unstoppable Force Dominating the Crypto Market! Chainlink has been on an unstoppable rampage in the crypto market, boasting an astonishing 59% return over the past three months! 📈🔥 Yes, you read that right! Chainlink has been flexing its muscles and leaving other cryptocurrencies in the dust. It's been a wild ride, and if you haven't jumped on the Chainlink train yet, now is the perfect time to hop aboard and experience the exhilarating gains for yourself! Why Chainlink, you ask? Well, let me tell you. Chainlink has been revolutionizing the blockchain industry with its cutting-edge technology and real-world applications. Its decentralized oracle network has garnered immense attention from major players in the market, propelling it to new heights. But enough about the past, let's focus on the future. Chainlink's potential is still untapped, and as traders, we have the opportunity to ride this wave of success to even greater heights. So, here's my call-to-action for you: it's time to long Chainlink and seize the moment! Don't let this opportunity slip through your fingers. Join the ranks of savvy traders who have already recognized Chainlink's potential and are reaping the rewards. With its strong fundamentals and a dedicated community backing it, Chainlink is poised to make even more waves in the coming months. So, grab your trading gear, fuel your excitement, and let's embark on this thrilling journey together! Long Chainlink and be a part of the unstoppable force that's dominating the crypto market.
Long
by bryandowningqln
Chainlink LINK long medium-term trade #19And we continue our series of potential medium-term trades. For the past year and a half, the LINKUSDT price has been trading in a wide range of $5-9. During this time, buyers have made 6 attempts to break through and gain a foothold above $9 , but all in vain. Perhaps they will succeed the 7th time?) Given the fact that in the previous few weeks, LINK buyers have been showing considerable strength and pushing the price up, we are ready to buy LINKUSDT long on the following conditions: Entry: in the range of $6.60-6.90 (an average price of $6.75 is desirable) Stop: $6.049 (-10.4%) Take profit: $11.84 (+75.4%) P/L ratio: 7.26 We allocate $10,000 for LINKUSDT trade, in the event of a mistake, we will lose $1040. If the trade will be a success, we will receive a profit of $7540
Long
by P_S_trade
21
LINKUSDT.1DBased on the given market data, the current price of LINK is 10.819 USDT. The Relative Strength Index (RSI) for 4 hours, 1 day, and 7 days are 61.23, 83.32, and 74.02, respectively. Typically, an RSI above 70 indicates an overbought condition, suggesting that a price drop may be imminent. Thus, the 1-day and 7-day RSI levels indicate that LINK could be overbought. The Moving Average Convergence Divergence (MACD) for 4 hours, 1 day, and 7 days are 0.378, 0.939, and 0.505, respectively. This indicates a bullish trend in the short, medium and long term. The Bollinger Bands (Bb) for 4 hours, 1 day, and 7 days are 11.788, 11.446, and 11.560, respectively. The current price is slightly below the middle band, suggesting a neutral trend. The support levels for 4 hours, 1 day, and 7 days are 10.056, 8.359, and 7.086, respectively. The resistance levels for the same periods are 11.932, 14.321, and 11.828, respectively. This indicates that the price has a potential to go up or down but given the RSI, a downward movement could be anticipated. In conclusion, while the MACD indicates a bullish trend, the overbought RSI levels suggest there may be a pullback in the short term. However, the market is unpredictable and it's essential to consider other market factors and conduct a comprehensive analysis before making investment decisions. Always ensure to invest wisely.
by MarsSignals
✴️ Chainlink Support, Found? $11.11 In Sight!Chainlink is trading above EMA300, which has been working as support on a daily basis. LINKUSDT produced a strong higher low in September vs June, and the volume has been weak on the current retrace. With weak bear volume and EMA300 holding, there is potential for a bullish resumption from current levels. This is only valid if EMA300 holds, but this is true so far and we see some Altcoins that have green candles today and here the RSI strong. Stay on the lookout, the next high can happen sooner than we expect. $11.11 next target. More long-term. Namaste.
Long
by AlanSantana
2