LINK Long Spot Trade (Trading at Support)Market Context:
LINK is currently oversold on the 4-hour timeframe and trading in a major area of support, offering a strong opportunity for a long position with a favorable risk-to-reward ratio.
Trade Setup:
Entry Zone: $13.75 - $14.00
Take Profit Targets:
First target: $18.00 - $19.00
Second target: $21.00 - $22.00
Stop Loss: Just below $13.00
This trade capitalizes on the oversold conditions and support alignment, with potential for a strong rebound toward the profit targets.
LINK
Shall we have a look on LinkusdtWe can see that it is at 50% of the last low in Aug last year
And now he made up channel for the last downtrend in Mar 2024 and broke it up
So we can enter or add more to our wallet as long as the SL still near to the entrance
Our Goals are represented by red flags so let’s wait and see
3 Crypto OGs to watch this month...Since you enjoyed my previous post about 3 altcoins to watch this weekend...
Here's an interesting one about OGs:
BINANCE:LINKUSDT
LINK broke the structure and $15 round number. As it retests the structure, I will be looking for trend-following longs and target the $20 round number.
BINANCE:DOTUSDT
DOT broke the structure and $5 round number. As it retests the structure, I will be looking for trend-following longs and target the $10 round number.
BINANCE:HBARUSDT
HBAR broke the structure and $0.05 round number. As it retests the structure, I will be looking for trend-following longs and target the $0.15 round number.
Which altcoins would you like me to cover next?
All Strategies Are Good; If Managed Properly!
~Rich
Alt coins ready to run ANKR, BAT, LINK, RNDR, DOT, LTC, LRC, ETCThis market is great for trading trend lines, look at this chart as an example, the two thick dark purple likes. The short one represented resistance for about 5 months, we finally broke that resistance and we broke out, we ran to top of what had been resistance for about 18 months, we had a small hiccup in both places and the break out from that trend line lead to XLM running virally, up to 65% in one day.
Every day there are may assets reaching towards a break out point, and that's what I try to look for. I start on 1 day charts and then come down to a 4h or 1h candle, really no since in going to a shorter candle unless you are looking for precision entry. The main thing to take away from this is that when an asst breaks a resistance it tends to run, many times first coming down and proving that line to be support instead of resistance, then taking off, sin any case, the break of a trend line is generally a fuse lit for a run. The longer the resistance, the more times its resisted and then it breaks out, the break out tends to be stronger.
Here are some alts i have been watching that seem to be staging breakouts or possibly in an early stage of the breakout.
I like ENJ, ANKR, BAT, LINK, RNDR, DOT, 1INCH, mostly these are midcap, but they have started to break out from recent trends.
I kind of like LTC, LRC, ETC, ATOM, BNT, MASK, MPL. Higher risk, but they have staged a breakout and most of these have lower marketcap so easier for them to get pushed further.
Lots of other coins nearing some breakout points as well, they seem to be coming in waves with each day throwing us some 20,50, even 100% gains some times.
I will try to post another update of break outs soon but in between all the trading and working to try to make my ai tech startup do something, my time is short. That also can lead me to evaluate things too quickly sometimes so don't just take what I say as a trigger to pull, use it as a flag to get your interest in evaluating these things yourself.
The market is very bullish right now and there is a lot of opportunity to make nice gains and also to lose a lot buying the dead end of a recent run. Be vigilant.
Analyzing the Long Link: 200-Day Moving Average and Bullish MomeChainlink (LINK) has been making waves in the cryptocurrency market, particularly after its recent price action. The token, which facilitates secure and reliable data exchange between smart contracts and real-world data sources, has shown promising signs of a bullish trend.
LINK's interaction with the 200-day Moving Average (MA) is a key indicator of this bullish momentum. This long-term moving average often is a significant support or resistance level for cryptocurrencies. When a cryptocurrency bounces back from this level after a correction, it can signal a strong bullish reversal.
In the case of LINK, the token experienced a notable correction earlier this year. However, it has since rebounded and successfully reclaimed the 200-day MA. This bullish signal has ignited optimism among traders and analysts alike.
Several factors contribute to the bullish sentiment surrounding LINK:
1. Strong Fundamentals: Chainlink's underlying technology and growing adoption within the DeFi ecosystem continue to drive its value. The platform's ability to provide reliable and tamper-proof data is essential for developing decentralized applications.
2. Institutional Interest: Institutional investors are increasingly recognizing the potential of blockchain technology, and Chainlink is emerging as a key player in this space. This growing institutional interest can lead to increased demand for LINK tokens.
3. Technical Analysis: Technical indicators suggest that LINK is poised for further upside. The Relative Strength Index (RSI) is currently in oversold territory, indicating potential buying opportunities. Additionally, the Moving Average Convergence Divergence (MACD) is crossing above its signal line, which is a bullish signal.
4. Market Sentiment: The overall market sentiment for cryptocurrencies has been positive recently, with Bitcoin and Ethereum leading the charge. This positive sentiment can spill over into other altcoins, including LINK.
While the bullish outlook for LINK is promising, it's important to remember that the cryptocurrency market is highly volatile. Traders should exercise caution and consider risk management strategies when investing in LINK or any other cryptocurrency.
Potential Upward Targets:
If LINK continues its bullish momentum and breaks above key resistance levels, it could potentially target the following price levels:
• Short-term target: $10
• Medium-term target: $15
• Long-term target: $20
Key Support Levels:
Traders should keep an eye on the following support levels:
• Immediate support: $7
• Strong support: $5
Conclusion:
LINK's recent bounce back from the 200-day MA, coupled with strong fundamentals and positive technical indicators, suggests a strong bullish trend. While the cryptocurrency market is inherently volatile, LINK's potential for growth makes it an attractive investment for both short-term traders and long-term investors.
Disclaimer:
This article is for informational purposes only and should not be construed as financial advice. It's essential to conduct thorough research and consider consulting with a financial advisor before making any investment decisions.
LINK SWING LONG OPPORTUNITY - ALTSEASON - Altcoin MarketLINK is one of the key blue-chip assets in the crypto market. It is a well-established and reliable project compared to many newer networks and assets, which is why I prefer trading LINK.
Technical Analysis:
The price reached the monthly demand during the August 4th dump, got rejected, and began climbing. Following this, it broke the daily and weekly bearish structure, shifting into bullish momentum. Finally, the price broke the bearish trendline responsible for the downtrend since March 2024.
The price now appears to be retracing into the weekly demand and potentially retesting the flipped bearish trendline. The weekly demand also aligns with the optimal trade entry (OTE) zone, adding extra confirmation for me.
I will look for LTF confirmations to initiate a trade within the marked entry zone.
SL: $9.2
TP1: $19.2
TP2: $22.8
LINK Targets 75% Gain – Can It Hold Support?This chart shows that ChainLink (LINK) might be shifting from a downtrend to an uptrend. The price recently broke above a red descending trend line that had been holding it back for months, which could signal a positive change. LINK is now trading above a strong support zone in Green between $12.52 and $13.03, which suggests that buyers are stepping in to hold the price up. This support level is important; if LINK can stay above it, there’s a chance it could rise to higher levels, starting with the first resistance level around $15.21.
If LINK continues its upward movement, it could reach resistance levels at $17.28, $19.23, and even as high as $22.87, which is the chart’s potential target. This target would mean a 75% gain from the current price if the uptrend holds. However, if the price drops below $12.52, it may retest lower levels, and the bullish outlook would be at risk. Overall, LINK shows signs of strength, but it needs to stay above support to keep the upward momentum going.
Chainlink & World Liberty Financial Join Forces to Boost DeFiIn a notable collaboration within the decentralized finance (DeFi) sector, World Liberty Financial (WLFI)—a venture inspired by Donald Trump's vision of financial democratization—has partnered with Chainlink to strengthen its DeFi ecosystem. The integration is aimed at establishing WLFI as a leader in DeFi by adopting Chainlink's standards for secure on-chain data and cross-chain interoperability. With these upgrades, WLFI intends to make DeFi more accessible and secure, while supporting the U.S. dollar's position as a global reserve currency through stablecoin adoption.
Chainlink’s Integration with World Liberty Financial
Chainlink’s infrastructure will play a pivotal role in the development and security of WLFI’s DeFi platform. Initially, WLFI plans to integrate Chainlink’s Price Feeds on the Ethereum mainnet to provide accurate financial market data. This integration will be essential for the WLFI Protocol’s support of assets like USDC, USDT, ETH, and WBTC—adding a reliable layer of transparency to ensure trust in the platform’s financial operations.
Over time, WLFI will adopt additional Chainlink capabilities, including cross-chain interoperability and proof of reserves for Real-World Assets (RWAs). This strategic decision underscores WLFI’s long-term vision: a platform built not just on DeFi principles, but one that enhances cross-chain liquidity and bolsters asset security across multiple networks.
The Trump Vision in the DeFi Ecosystem
World Liberty Financial’s mission aligns with former President-Elect Donald Trump’s vision of making financial opportunities more accessible while ensuring the dollar’s continued dominance. The platform’s design will encourage the use of dollar-backed stablecoins, which could support the dollar’s value as it functions as a global reserve currency. This partnership with Chainlink signifies WLFI’s commitment to creating a secure, decentralized financial ecosystem in line with these values, offering users decentralized access to financial services without geographic or economic barriers.
Eric Trump commented on the collaboration, noting that it represents a significant step forward in both DeFi technology and in building a future he feels will be shaped by crypto innovations.
Technical Analysis of Chainlink ( BIST:LINK )
From a technical standpoint, BIST:LINK currently displays mixed signals in the market. As of the time of writing, BIST:LINK is trading 1.58% lower and is within a bearish reversal pattern, aligning with the overall bearish sentiment in the crypto market. However, the Relative Strength Index (RSI) is at a supportive level of 56, suggesting the potential for price stability. Should BIST:LINK retest the $12 support level, it’s expected to find enough buying interest at that pivot to prevent further declines.
Despite the short-term bearish outlook, BIST:LINK ’s fundamentals remain solid. If a broader market rally were to occur, BIST:LINK could see a run toward the $50 level, driven by both increased DeFi adoption and the platform’s ongoing developments with WLFI. Key support and resistance levels at $12 and $15 will be important to watch, as these price points will likely determine BIST:LINK ’s near-term trajectory.
Conclusion
The partnership between Chainlink and WLFI showcases the ongoing maturation of DeFi as an industry, demonstrating that collaboration between visionary projects can drive significant advancements. By adopting Chainlink’s price feeds and interoperability solutions, WLFI aims to secure its DeFi protocol and build a more resilient ecosystem for future financial services.
With BIST:LINK positioned at the heart of DeFi’s infrastructure development, the token’s long-term outlook is positive. Although the short-term technical indicators suggest cautious trading, the fundamentals provided by Chainlink’s broad DeFi ecosystem and WLFI’s ambitious goals indicate strong growth potential for both Chainlink and BIST:LINK as they continue to contribute to the decentralized future.
This collaboration could signal a new era for DeFi as traditional financial ideals merge with the transformative possibilities of blockchain technology.
Link Breaking out on the WeeklyLink is currently breaking out of weekly structure and retesting it at time of publishing. RSI is nuetral at 52. Price action is caught between the 50 sma and the old resistance. If the PA holds at this level, we could have some major moves.
NFA, do your own DD.
Thanks for looking at the idea.
Inverse #Cramer SELL ALL YOUR #Crypto!! :)I still see disbelief at this rally
I'm starting to see anger at having missed the bottom and lower entry points
Some noobs and some crypto OG's are still holding #stablecoins
having locked in their losses.
I see crypto total market cap at over 5 trillion in 2 years
Life changing money is to be had, but the multiples rapidly shrink the higher these prices go,
I believe we pump into May
sell and go away till sept could be an aggressive strategy
Or jus hold for 2 years .. couldn't be easier
Don't let a few red Candles shake you out of you #CRYPTOpositions.
You should have had plenty of time to accumulate bluechip #ALTS and #ETHEREUM
Red candles are a blessing this year, if your still positioning yourself for the next Bull run
We will swing wildly between Hope and Despair on the #WallSt cheat llst
Yet the path remains up.
Remember #ETH was sub $900 last June
Maybe the doubters will change their mind after a Triple :)
Chainlink goes for the title of top-1 blockchain in the worldChainlink is going mainstream! The project is being implemented in a number of major European banks and has also reached an agreement on partnership with SWIFT! This is an incredible result for cryptocurrencies. Chainlink also has multiple applications in other areas: DeFi, Gaming, NFT, DePin and RWA. Take note, don't miss out on an Apple-level project in its infancy!
Accumulation Phase with Eyes on ATH🔸 LINK has experienced a significant drop, declining around 90% from its all-time high, reaching a bottom around the $5 level.
This downtrend has allowed the price to capture both sell-side and buy-side liquidity. A bullish movement followed, and after testing key liquidity levels, LINK appears to be setting up for a potential upward move.
🔴 Liquidity and Support Zones: After reaching the internal range liquidity (IRL) zone, LINK has shown signs of support and is currently bouncing back. This indicates possible accumulation and readiness for a rally as it captures more buy-side liquidity. As the price moves upward, the next potential target could be the all-time high.
✅ Target Projection: If LINK continues its bullish momentum, it may aim for the $39 range. However, this projection remains valid only if key support levels are respected, specifically the $8 level.
🔑 Key Levels to Watch:
A candle closing below $8 would invalidate the bullish setup.
The current price level is ideal for accumulation for those preparing for a potential bull run.
Note: This analysis is provided for informational purposes only and should not be considered a buy or sell signal.
Chainlink - Bullish Q4 2024! 🚀LINK: Expect a pullback to retest the are zone of= $12.93 shorly. Due to the bulls being overpressure with momentum. Chainlink in the past week has broken out of a major resistance zone dating back since: August 2024.
🌟Target= $23
‼️DISCLAIMER PLEASE READ CAREFULLY‼️
*(THIS NOT FINANCIAL ADVICE, ALWAYS DO YOUR OWN RESEARCH! I AM NOT RESPONSIBLE FOR ANY LOSS OF EARNINGS FROM ANY INVESTMENTS THAT YOU MAY MAKE BASED OFF ANY OF MY IDEAS. ONLY INVEST WHAT YOU CAN RISK TO AFFORD TO LOSE IF YOU MAKE THE DECISION TO DO SO. DO NOT INVEST, UNLESS YOU'RE PREPARED TO LOSE MONEY, IF NOT ALL.)
(CRYPTOCURRENCY CAN BE HIGH-RISK INVESTMENTS DUE TO THE VOLATILLITY OF IT'S NATURE, AND YOU SHOULD NOT EXPECT TO BE PROTECTED IF SOMETHING GOES IN THE WRONG DIRECTION. SEEK PROFESSIONAL ADVICE FROM A CERTIFIED FINANCIAL ADVISOR.)
Alikze »» Link | Scenario wave 1 of 3 rising - 1D🔍 Technical analysis: Scenario wave 1 of 3 rising - 1D
- It has been moving in a downward channel on the daily time frame.
- Currently, with the failure of the descending channel, in the case of a pullback to the ceiling of the channel or the range of 12.50, it can have the target of 16 to 17 dollars in the first step.
- This ascending wave is the previous wave. But in a longer-term perspective, wave 2 correction in the green box range has ended.
- Therefore, this recent motivational wave, micro-waves, wave 1 out of 3 is rising.
💎 In addition, this increasing wave can continue to climb up to Fibo 1.272 and 1.618 if the supply zone is broken.
⚠️ Note: If the candlestick closes below the 12.50 zone, the bullish scenario is invalidated and can retest the green box zone. ⚠️
💎 Currently, according to the momentum, the first scenario or the bullish scenario is more likely.
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BINANCE:LINKUSDT
Alikze »» Rose | Ascending corner pattern🔍 Technical analysis: Ascending corner pattern
- In the daily time frame, in an ascending channel, according to the predicted path, it has grown up to 1.618 fibo of the previous wave, a range of 0.17.
- In the last analysis presented in the 4H time frame in an ascending channel, after breaking the channel and exiting it and breaking the zone, it experienced a correction.
- In the daily time frame, it has had a complete upward cycle, and wave 3 has grown as much as 1.618 of the previous wave.
- At the moment, correction is done as much as 0.23 fibo of the whole structure.
- A corner pattern has been formed which can grow up to the supply area by breaking the 0.072 area.
🛑 The most important resistance: ~ 0.072
💎 NOTE: In addition, if the 0.23 area breaks and stabilizes below it, the bullish scenario will be invalidated.
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BINANCE:ROSEUSDT
#LINK/USDT#LINK
The price is moving in an ascending channel on the 4-hour frame upwards and is expected to continue.
We have a trend to stabilize above the moving average 100 again.
We have a downtrend on the RSI indicator that supports the rise by breaking it upwards.
We have a support area at the lower limit of the channel at a price of 10.84.
Entry price 11.33.
First target 12.00.
Second target 12.47.
Third target 12.95.
Is the LINKBTC chart projecting more #DEFI & #ALTCOIN pain?Since topping out nearly 4 years ago
the #LINK versus #BTC ratio has been down and to the right, with relief rallies being sold into.
Clear trend of lower high's and lower low's.
The trend has not been friendly to the Link Marines!
Are we repeating the tale of #XRP and their faithful army?
Both get dumped on by the their respective foundation or founding company.
Both claim Banks will use their products / software ...
Link does have #CCIP usage but it is not the only #interoperability solution.
We already have #RWA on the blockchain.. they are called #stablecoins.
Either this ratio is in danger of breaking down.
Which maybe signalling a broader #Altcoin market demand destroying period....
Could #geopolitical tensions explode this summer to cause a massive #RISKOFF event and the #Dollar to spike?
CHAINLINK ready for the RUN! On the 3D chart, we have:
Breakout on the Trendline.
Breakout on the RSI.
Breakout on the SMA 200.
And a Golden Cross.
You can´t get more bullish signals if you want, but it doesn´t mean that in the short term we can´t take a correction.
If we get it,The Pullback is a BUY.
Fundamentally as I think we are in the year 1999 for Internet but for crypto now, BINANCE:LINKUSDT is one of those that has value. There are not many of them.
Selling is a must during this Bull MKT top.
SasanSeifi| Potential Correction or Breakout Ahead?In the long-term chart analysis of BINANCE:LINKUSDT , we observe that the price has entered a corrective phase from the $22 price range. This correction continued following a positive reaction to a major demand level at $7.50, leading to a period of price consolidation within this area. As shown on the chart, after renewed fluctuations, the price faced resistance at a key supply level and the long-term descending trend line, resulting in a bearish reaction.
If we observe a sell confirmation in these price zones from lower timeframes and a break below the $10 level with price stabilization beneath it, LINK may correct further towards demand zones at $7.50 and $5. To better understand the ongoing movement, it is crucial to observe how the price reacts to these support levels, as they could serve as pivotal points.
Key resistance levels for LINK are positioned between $12.50 and $13. Alternatively, we can consider a bullish scenario. For this to unfold, the price would need to break through the critical supply level. If it consolidates above this level, LINK could move towards targets of $15 and further upwards to $17 and $20.
💢This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊