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LINKUSDT

LINKUSD: Will LINK extend its gains? | Jan. 13, 2023This week, we will stick to the 4-hour time frame to analyze the price action in detail! After setting a new 52-week low earlier this month, LINK seems to have recovered significantly from the fall. It broke a very crucial support at $5.7, however, the bulls were quick to return to help push the price back above the demand zone. We can see strong momentum, and traders can expect the price to approach the upper resistance at $7.6 in the coming weeks if the momentum is maintained. Once the resistance at $7.35 is reclaimed, we can see a clear path to the supply zone at $8.51. However, this view is only valid if the price is able to sustain above $7.35. We might face some resistance at $6.5. Once this zone is cleared, a move to $7.35 looks almost certain! Traders must still maintain caution by setting a stop-loss below the demand zone at $5.7. The coming week may be more favorable for the bulls! The important price levels for this week are $6.5 and $7.35!
by CoinMarketCap
1
Reacted positively to the support rangeLast week, LINK reacted positively to the support range of $5.42-$5.57 and returned to the previous resistance at $5.75-$5.85. This static resistance is reinforced by a dynamic resistance, whose trend line you can see in the chart. The complete breaking of this resistance should be done simultaneously with the breaking of the resistance of $6.317. Otherwise, due to the existence of higher resistances, we cannot expect to confirm the breaking. If this happens and a strong bullish candle is registered, the possibility of further price growth and moving toward the resistance area of $7.297 will increase. This is because the midline of the descending channel is also in the current range, and it has strengthened the resistance at $6.317. So buyers' support can push the price back to higher targets. According to the strength of the last downward wave in the daily timeframe, the specified resistances show the power of a high negative reaction. Therefore, there is a possibility of short-term buyers saving profits at these levels.
by MonoCoinSignal
LINKUSDT Hello guys ? Today I came up with a LONGER TERM trading Idea 1/ If we measure the strength of this zone it holds the market for a long time multiple times . which in terms of price action tells us something that this may happen right now. =============================================================== 2/ There may be a drop on price and the second case scenario is the market may still beak this major zone and continue down ,if that is the case we wait and act when we get a pullback inside the zone always utilize a smaller time frame for entry and exit. do your own research before placing any trade . stay strong
BINANCE:LINKUSD
by EthioFX
2
LINK: Descending Triangle BreakoutChainLink (LINK) technical analysis: Trade setup : Bullish breakout from Descending Triangle. Upside potential up to $7.00 resistance zone (also 200-day moving average). Recent rally was driven by launch of staking service. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). Support and Resistance : Nearest Support Zone is $5.50. The nearest Resistance Zone is $6.00 (previous support), then $7.00, and $8.00.
Long
by altFINS
1
#Chainlink sunk 82% in 2022, LINK is Fragile at $5.3 SupportPast Performance of Chainlink Chainlink is backed by solid fundamentals, considering the significance of the protocol in DeFi and NFTs. However, looking at price charts, LINK has not been spared. The token dropped 82 percent from 2021 peaks and remains within a bear breakout formation at spot rates. Unless there are sharp expansions above $8, sellers are in control in the medium to long term. #Chainlink Technical Analysis LINK is higher, gaining four percent from December 2022 lows. Even so, the path of least resistance is southwards as long as the token is below $6.10, a critical reaction level. Aggressive traders can look at trading volumes to unload on every high below $6.10. This forecast is valid from an effort-versus-result perspective. All the same, this preview will be more precise if there are losses below $5.3. In that case, especially if the sell-off in continuation of the December drop is with high trading volumes, LINK may slip to print a new multi-month low below June 2022 lows. What to Expect from #LINK? LINK is under significant selling pressure, clear in the daily chart. The drawdown could continue if LINK fails to bounce from spot rates, edging past $6.10 in the near term. Any other development forcing the token lower may cause even more pain for holders, an opportunity for short traders. Resistance level to watch out for: $6.10 Support level to watch out for: $5.3 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
LINK - Strong reaction?LINK has been trending down for the past few weeks. A support level in the $5.75-$5.85 range caused only one downtrend correction, and it was broken again as sellers took strength. On the other hand, a downward trend line is considered on the chart, and if this resistance is broken, we can expect the price to grow to the ranges of 6.5 and 7 dollars. But if the selling pressure continues, we can expect another bearish wave to form to the $4.3 range. There is a confirmed twin bottom pattern at $5.45 in the 4-hour time frame, where we can at least expect price growth to continue up to the $5.75-$5.85 resistance. The point is that meeting this resistance can be accompanied by a strong reaction, which this week we can consider a range trend at best for LINK.
by MonoCoinSignal
4
LINK: Descending TriangleChainLink (LINK) technical analysis: Trade setup : Price broke back below $7 and 200-day moving average and appears to be trading in a Descending Triangle. Price is nearing a pinnacle of the Triangle, hence, a breakout is imminent. Recent rally was driven by launch of staking service. (set a price alert). Pattern : Price is trading in a Descending Triangle pattern. Typically, a breakout will occur in the direction of the existing trend. Most traders will take a position once the price action breaks through the bottom line of the triangle with increased volume, which is when the price should decline an amount equivalent to the widest section of the triangle. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45). Support and Resistance : Nearest Support Zone is $5.50. The nearest Resistance Zone is $7.00, then $8.00.
Long
by altFINS
1
LINK: Sideways ChannelChainLink (LINK) technical analysis: Trade setup : Price broke back below $7 and 200-day moving average and appears to be trading in a Sideways Channel ($6-8). Swing traders could trade the channel: Enter near $6 support and exit near $8 resistance. Recent rally was driven by launch of staking service. Pattern : Price is trading in a Sideways Channel , which is a neutral pattern (indication of market indecision). Trend Traders ought to wait for a breakout in either direction, although typically it breaks in the direction of the existing trend. Swing Traders can trade the range – Buy near Support and Sell near Resistance. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bearish but inflecting. MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. Support and Resistance : Nearest Support Zone is $6.00. The nearest Resistance Zone is $7.00, then $8.00, and $9.50 – $10.00.
Long
by altFINS