#LINK/USDT Ready to go higher#LINK
The price is moving in a descending channel on the 1-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at 21.45
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the 100 moving average
Entry price 23.25
First target 24.12
Second target 25.53
Third target 27.12
Linklong
#LINK/USDT Ready to go higher#LINK
The price is moving in a descending channel on the 1-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at 28.14
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 29.00
First target 30.30
Second target 31.80
Third target 33.50
SCRAPING THE PROFITS | %250 DAILY VOLUME SPIKEMy last Link trades,
All 3 worked like a charm and now let me cook again for you.
Blue boxes will be valuable if we come back.
If we go up hard without coming back, range high area (26.89$) will be valuable.
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
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Chainlink bull flag structureCertainly, let's analyze the chart pattern you provided.
**Chart Pattern:**
The chart displays a bullish flag pattern on the 4-hour timeframe for the Chainlink (LINK) / TetherUS (USDT) pair.
**Key Elements:**
* **Bull Flag Structure:** The chart shows a sharp upward move (flagpole) followed by a consolidation phase (flag) within parallel trend lines. This pattern often signals a continuation of the upward trend.
* **Breakout Point:** The price has broken above the upper trend line of the flag, confirming the bullish signal.
* **Previous High:** The price is currently below the previous high, indicating potential upside.
* **Flag Target:** The chart shows a potential target at 32.17, which is calculated based on the height of the flagpole projected from the breakout point.
* **RSI (Relative Strength Index):** The RSI is currently at 58.63, which is above the 50 level, this shows strong momentum to the upside
**Potential Price Targets:**
Based on the bullish flag pattern and the current price action, here are some potential price targets:
* **Short-term:** The immediate target is the previous high at 26.94. If the price breaks above this level, it could signal further upside potential.
* **Medium-term:** The flag target at 32.17 is a significant level to watch. If the price reaches this level, it could be a strong resistance level.
* **Long-term:** The overall trend for LINK is bullish, and a sustained break above the previous high could open up the possibility of further gains. However, it's important to consider that the RSI is currently overbought, which suggests that a pullback or consolidation may occur before the price resumes its upward trend.
**Additional Considerations:**
* **Volume:** Increased volume during the breakout can confirm the strength of the bullish move. Low volume could suggest a weaker move and potential for a reversal.
* **Support and Resistance Levels:** Identifying key support and resistance levels can help in managing risk and setting profit targets.
**Disclaimer:**
This analysis is based on technical analysis and does not constitute financial advice. It's important to conduct your own research or consult with a financial advisor before making any investment decisions.
LINKUSDT.P | 3 Possible Entries Depends on Your Risk AppetiteLINKUSDT.P | 3 Possible Entry Zones Based on Risk Appetite
Zone 1:
Located below the 0.5 Fibonacci level of the last significant range.
Best suited if the price has spent a considerable amount of time above the range high.
Note: This zone may not be ideal in the current context as the conditions are not fully met.
Zone 2:Second zone is ideal trading area.
Aligns with a previous high and a demand zone confluence, offering a high-probability setup.
Zone 3:
Designed for cases of range low manipulation.
Look for price sweeping the range low before reclaiming it as a potential reversal signal.
For all zones wait for lower time frame market structure breaks upside.
First zone is not optimum I think.
Second zone is ideal trading area.
Third zone can be valuable in case of a market crash.
LINK | BULLISH ALTS | More Increases IF we see THISLink has recently increased over 160% - and that's an excellent increase in 3 weeks, let's take a moment to appreciate this and not be greedy!
Although it would have been most ideal to see LINK back up at ATH prices, more increases are on the cards BUT FIRST we need to reclaim a major resistance zone.
Here's my overview on Altcoins - specifically Altseason - at the current moment. Find it here :
____________________
BINANCE:LINKUSDT
LINKUSD looking greatHello fellow traders,
today we look at LINK.
LINK follows a clearly structured path:
Base -> Phase 1 (building strength) -> Phase 2 (testing previous ATH) -> Phase 3 (parabolic run with blow-off top)
Once the top is in, base is found at previous top.
We are currently in Phase 2.
If past is any indication, a run to ATH is likely, getting some resistance there and then breaking it, followed by a parabolic run and blow-off top.
This is not a financial advice, do your own research.
Good luck!
LINKUSDT | Follow The RiverThe market is going well, especially this trade has become a complete textbook.
Besides that, I still want to scratch a few R's.
There is a nice price flow here, I want to be included in the price from the untested demand zone.
I don't overcomplicate things and add a ton of dirty crap to my charts, but you can check out the success of my analysis below.
I approach trading with confidence backed by experience and past success in identifying high-probability setups.
While I don’t claim to be the best, my track record speaks for itself, and I strive to let my analysis and results do the talking. Watch these levels closely—markets can confirm what charts already whisper. Let’s see how this plays out together.
My Previous Ideas
I don't overcomplicate things and add a ton of dirty crap to my charts, but you can check out the success of my analysis below.
I approach trading with confidence backed by experience and past success in identifying high-probability setups.
While I don’t claim to be the best, my track record speaks for itself, and I strive to let my analysis and results do the talking. Watch these levels closely—markets can confirm what charts already whisper. Let’s see how this plays out together.
My Previous Ideas
DOGEUSDT.P | 4 Reward for 1 Risk much more if you hold it.
RENDERUSDT.P | HTF Accuracy
ETHUSDT.P | Accurate Buyer Zone Identification | High Risk Reward if you hold it.
BNBUSDT.P | Accurate Buyer Zone Identification | High Risk Reward if you hold it.
Bitcoin Dominance | Great Characteristic Detection and Accurate Analysis
LINKUSDT.P | 1H Buyer Zone AnticipationThe blue box chart highlight areas of potential buying interest, this zone is the first line of defense.
If it did not hold 15.8 area is the target.
While I believe my track record in identifying such levels speaks for itself, I approach trading with humility, letting the results do the talking. My previous analyses have proven accurate, and I’m confident this setup will further reinforce that reputation. Watch these zones closely and trade responsibly!
My Previous Ideas
DOGEUSDT.P | 4 Reward for 1 Risk much more if you hold it.
RENDERUSDT.P | HTF Accuracy
ETHUSDT.P | Accurate Buyer Zone Identification | High Risk Reward if you hold it.
BNBUSDT.P | Accurate Buyer Zone Identification | High Risk Reward if you hold it.
Bitcoin Dominance | Great Characteristic Detection and Accurate Analysis
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
#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.
#LINK/USDT#LINK
The price is moving in a descending channel on the 1-hour frame
And it is sticking to it well
We have a bounce from the lower limit of the descending channel and we are now touching this support at a price of 10.60
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 10.80
First target 11.11
Second target 11.36
Third target 11.70
#LINK/USDT#LINK
The price is moving in a downtrend on the 4-hour frame and is about to break upwards
We have a trend to stabilize above the moving average 100
We have a downtrend on the RSI indicator that supports the rise by breaking it upwards
We have a major support area in green at a price of 9.70
The price rebounded from it
Entry price 10.00
First target 10.50
Second target 11.02
Third target 11.87
#LINK/USDT#LINK
The price is moving in a bearish channel on the 12-hour frame and adheres to it well, and the price rebounded from the lower border of the channel at the green color at the price of $13.00.
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that was broken to support the rise
Entry price is 14.30
The first target is 16.50
The second goal is 17.70
Third goal 19.56
LINKUSD: Potential Long Entry on the Horizon with Bollinger BandIntroduction
Chainlink (LINKUSD) is a cryptocurrency that powers a decentralized oracle network for smart contracts. It provides a secure and reliable way for blockchain applications to access off-chain data, enabling a wider range of functionalities. This article analyzes LINKUSD through the lens of Bollinger Bands and a potentially reversing trend, suggesting a possible long entry opportunity in the near future.
Understanding Bollinger Bands
Bollinger Bands are a technical analysis indicator that utilizes volatility to depict potential price movements. They consist of three lines:
• Simple Moving Average (SMA): This line represents the average price over a chosen period.
• Upper Bollinger Band (UBB): Two standard deviations above the SMA, indicating potential resistance areas.
• Lower Bollinger Band (LBB): Two standard deviations below the SMA, indicating potential support areas.
The Bollinger Bands expand and contract based on volatility. High volatility widens the bands, suggesting a more volatile market, while low volatility narrows them, indicating a calmer market.
LINKUSD and Bollinger Bands
Analyzing the LINKUSD chart with Bollinger Bands reveals valuable insights:
• Recent Price Movement: LINKUSD has been trading within a relatively tight Bollinger Band range for the past few weeks. This suggests a period of low volatility, with price movements largely contained within the bands.
• Squeeze: The recent Bollinger Band contraction indicates a potential squeeze. Squeezes often precede significant price movements, either upwards or downwards.
Reversing Trend Signals
Technical indicators alongside Bollinger Bands can strengthen the long entry case for LINKUSD. Here are a couple of reversal signals to consider:
• Relative Strength Index (RSI): The RSI is a momentum oscillator that measures the magnitude of recent price changes. An RSI value below 30 suggests the asset may be oversold, potentially indicating a trend reversal.
• Moving Average Crossover: A bullish crossover occurs when a shorter-term moving average crosses above a longer-term moving average. This can signal a shift in momentum from bearish to bullish.
Combining Bollinger Band Squeeze and Reversal Signals
By combining the Bollinger Band squeeze with potential reversal signals from indicators like RSI and moving average crossovers, traders can identify potential long entry opportunities.
• Breakout from Upper Bollinger Band: A breakout above the Upper Bollinger Band, following a squeeze, can signal a bullish trend reversal. This suggests the price may overcome resistance and continue upwards.
• Increased Volume: If the breakout is accompanied by a surge in trading volume, it strengthens the bullish case, indicating increased buying pressure.
Why Consider a Long Entry Now?
Here are a few reasons why a long entry in LINKUSD might be worth considering based on the current technical analysis:
• Bollinger Band Squeeze: The recent squeeze suggests a potential breakout, which could signal a trend reversal.
• Oversold RSI: If the RSI dips below 30, it might indicate oversold conditions, making LINKUSD an attractive buying opportunity.
• Positive Developments in the Chainlink Ecosystem: Positive developments within the Chainlink ecosystem, such as new partnerships or integrations, could boost investor confidence and lead to a price increase.
Important Considerations Before Entering a Long Position
While the technical analysis suggests a potential long entry, it's crucial to consider other factors before making any investment decisions:
• Market Volatility: The cryptocurrency market is inherently volatile. Price swings can be significant, and unexpected events can disrupt even the most well-thought-out trading strategies.
• Fundamental Analysis: Don't solely rely on technical analysis. Conduct fundamental analysis to understand Chainlink's project roadmap, team, and overall market position.
• Risk Management: Always implement proper risk management strategies, such as stop-loss orders, to limit potential losses.
Conclusion
The combination of Bollinger Band squeeze, potential RSI oversold conditions, and a possible trend reversal suggests a long entry in LINKUSD might be on the horizon. However, remember that technical analysis is not a foolproof method, and fundamental analysis and risk management are crucial for informed investment decisions.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Please consult with a qualified financial advisor before making any investment decisions.
Chainlink - Wyckoff Flag w/Spring BIST:LINK
The most obvious way to view Wyckoff Schematics are through line charts.
This has been a textbook shakeout pattern, coiling on top of a multi-month long support range.
I have bought every time it has touched the previous range highs and now it looks to be compressing prior to "jumping the creek" into a vertical rise IMO.
#LINK/USDT#LINK
The price is moving in a head and shoulders pattern on the 4-hour frame and we have a green support area at the 17 level
The right shoulder has now been completed
Our RSI indicator has a trend that is about to break to the upside
Our Moving Average 100 is about to break higher
Entry price is 18.26
First target 19.00
The second goal is 20.15
Third goal 20.91
Fourth goal 21.92