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LNKUSD trade ideas

LINK price struggles for a comebackNegative Trend in Falling Channel: LINK price exhibits a bearish cycle within a falling channel pattern. Formation of Three-Black Crow Pattern: Recent price action in LINK shows a bearish three-black crow pattern, signaling potential downside. Risk of Bearish Breakdown: Potential breakdown may plummet LINK price to $12 support. Market Correction Impact: LINK's price is influenced by the broader market correction, fueling a bearish trend. Bullish Struggle at $17: Repeated failure to breach the $17 resistance level is leading to repeated price drops. Bearish Pressure at 50-Day EMA: LINK's price is testing the crucial support of the 50-day EMA. Technical Indicator - EMA: LINK's market cap at the 50-day EMA indicates a struggle for stability. MACD Indicator on Edge: The MACD nearing a bearish crossover, indicating a potential trend reversal. Bear Phase Survival Uncertain: LINK's current price movement within the bearish channel raises questions about its ability to withstand a prolonged bear phase. Possible Channel Breakdown: A breakdown from the current channel could significantly lower LINK's price. Key Support Levels to Watch: Close observation of the $12 and $17 levels is crucial for determining future price action. Reversal Possibilities: Any bullish reversal from current levels might lead to retesting overhead resistance levels.
COINBASE:LINKUSD
by Coinpedia-Market-Insight
LINKUSD (W1): Buy stop at 1.68 for this year!COINBASE:LINKUSD LINKUSD (W1) shows positive signals. With signs of slight correction after a strong price increase. We can expect a return and stronger growth of Chainlink coin. Specifically, the signs are shown as follows: The level of price increase is fast and strong: Increases nearly 200% after 12 candles or 84 days Volume increases when price is pushed up: Volume is above the 50-session average when price increases sharply Weak bearish correction: Price is always greater than the Fibonacci retracement level 0.382 So, let's set up a buy order when the price reaches 16.8. Stop loss at 13.5 and wait to see how far the market will take this currency exchange rate. Merry Christmas!
COINBASE:LINKUSDLong
by VNSmartMoney
4
Chainlink - bearish back-up scenarioAs back-up & not highly likely IMO The bearish Chainlink scenario useful to... 1 - find invalidation point as confirmation for bullish investment 2 - be prepared for sudden Crypto panic & fear mode 3 - find good levels to DCA more coins It was hard not to see the bullish outlook for Link🤣 Comments💭, Likes♥️ & Follow🔗appreciated🤗 Disclaimer: Not financial advice Do your own research before investing The content shared is for educational purposes only and is my personal opinion
BINANCE:LINKUSDShort
by Crypto4Everybody
7
Bullish Momentum Points in Chainlink Eyes $25!Recent Surge: LINK price witnesses a substantial 10.67% jump, highlighting an increase in buying pressure. Rounding Bottom Pattern: The ongoing rally in Chainlink aims to complete a rounding bottom pattern in the weekly chart, a bullish signal for potential trend reversals. Key Neckline: The neckline of the pattern is positioned at $18.38, marking a pivotal point for the bullish breakout. Breakout Potential: A successful bullish breakout could propel LINK prices toward the $25 mark. Market Dynamics: Bitcoin's recent climb to $43K boosts overall market sentiment, benefiting altcoins like Chainlink. Technical Indicators: The weekly 50 and 200 EMA indicate a golden crossover, a strong bullish signal in LINK's price chart. DMI Indicator Support: The VI lines in the DMI indicator show a bullish crossover, adding to the positive outlook. Current Trading Price: LINK trades at $17.27, showing a strong potential to challenge and surpass the $20 level. Year-to-Date Growth: LINK has seen a substantial 215% gain this year, making it one of the standout performers in the altcoin sector. Next Levels to Watch: If LINK sustains its upward trajectory, it could challenge the $20 mark and potentially approach the $23 level, aligning with the 38.20% Fibonacci retracement. Potential Reversal Risks: A reversal below the $17 mark could lead to a retest of lower support levels around $15.
COINBASE:LINKUSD
by Coinpedia-Market-Insight
1
LINK beautiful consolidationFrom first glance the next level looks 25 - 30 dollars to me. We are about to break this range soon. Im watching twitter and most people are predicting 100 - 150 dolars link, which will align with last bull market tops of some coins that reached around 100B MC, but i think people are underestimating how much money can flow in the market after the ETFs. Why cant blue chips reach 200 - 300B MC at the top of the cycle if the entire market is worth 7- 8 Trillion? We really dont know how wild things can get.
COINBASE:LINKUSDLong
by BGMind_Control
1
The Four Market phasesAccumulation: Makers accumulate assets before most investors. Range 6 months and higher after decline. This phase is usually marked by flat movement. Accumulation occurs in a gradual manner to avoid significant price changes. Advancing: The Market begins to grow upwards. A trend is formed, which gradually attracts more and more new investors, which subsequently leads to an increase in demand. As the market moves upward, other investors are encouraged to enter the market. As a result, the excitement affects more people who want to participate. During such a period, demand is much higher than supply. Distribution: Sellers sell their profitable positions to those who enter the market at a late stage. As a rule, the distribution phase is marked by a flat movement, which absorbs demand until it is exhausted. 4th stage - Decline At this stage, supply dominates and the price goes down almost nonstop. In other words, after a significant portion of stocks are sold, the market begins to move downward. Eventually, supply becomes much greater than demand, and a downtrend sets in.
BINANCE:LINKUSD
by Nxgencrypto
2