Split buying range: Around the 12.840-15.866 rangeHello traders!
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(TradingView LINKUSD 1M Chart)
The important zones for the current price position are 13.49 and 24.02.
(1W chart)
The important area for the current price position is 19.36.
(1D chart)
The important zones for the current price position are 13.83 and 19.50.
Summarizing the important sections above,
1. 13.49-13.83;
2. 19.36-19.50;
3. 24.02
This applies to sections 1-3 above.
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(Binance LINKUSDT 1M Chart)
HA-High indicator: 23.976
(1W chart)
HA-High indicator: 19.340
HA-Low indicator: 6.698
(1D chart)
HA-High indicator: 19.479
HA-Low indicator: 13.795
The HA-Low indicator on the 1D chart is formed at the 13.795 point, so if the price holds above this point, an upward trend is likely.
However, in order to continue the upward trend, the price must rise above the HA-High indicator on the 1D chart, so the price must be maintained by rising above 19.479, which is the current HA-High indicator point on the 1D chart.
If the price rises above the HA-High indicator on the 1W chart or the HA-High indicator on the 1M chart and maintains the price, a full-fledged upward trend is expected to begin.
Accordingly, looking at the current HA-High indicator position, the last time to buy is when it shows support in the 19.340-23.976 range.
In order to buy when supported near the HA-High indicator, you must make a split purchase near the HA-Low indicator.
Otherwise, it is not easy to buy near the HA-High indicator.
The reason is that the HA-High indicator is an indicator that is formed at the highest point.
Therefore, even if you confirm support at the high point, you may not be able to purchase it in the end because you are likely to feel psychologically burdened.
Currently, the box section of the HA-Low indicator on the 1D chart is formed over the 12.840-15.866 section.
Therefore, you should make split purchases when you see support around the 12.840-15.866 range.
The stop loss point for this purchase is when it falls below 12.840 and shows resistance.
Have a good time.
thank you
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are points that are likely to encounter resistance in the future.
We need to see if we can break through these points upward.
Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched.
#BTCUSD 1M
If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern.
1st: 43833.05
2nd: 32992.55
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LINKUSDT
$LINKUSDT TO HOLD 15.5 FOR UPSIDEKUCOIN:LINKUSDT
Ignition of Triple Bottom holding well at 16 level, a cooling off with a retest to 15.5 would be quite bullish to target 23 zone for about 37%. LTF on 4h or 1h could provide entry ideas at AOV especially a build up indicating appetite for a move higher. But always have a plan in case the character of price changes and you would look for an AOV entry at 11.5-12.7.
When planning moves we must consider the possibility of failure and you must manage risk and remember that CRYPTOCAP:BTC rules the show. CRYPTOCAP:BTC sitting in a Bull Flag but price is in the pattern until it isn't so in the event of a pullback, we would look for a discounted entry on $LINKUSDT.
If you liked this idea or if you have your own opinion about it, write in the comments.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
AOV - Area of Value
LTF - Lower Time Frame
#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
Link bullish or bearish - A technical analysis
Support Levels:
$12.09: A key support level currently holding the price.
$11.06: Another potential support level below $12.09.
$8.40: Further support if the price breaks below $11.06.
$5.13: Major historical support level.
Resistance Levels:
$27.36: Immediate resistance.
$37.05: Next significant resistance level.
Trendlines:
-The chart shows an upward trending channel with support and resistance lines indicating a long-term bullish trend.
-The price recently bounced off the lower support trendline and is moving towards the resistance trendline.
The most recent monthly candlestick is bullish, indicating positive price movement and suggesting a potential continuation of the upward trend.
The Stochastic RSI at the bottom of the chart is in the overbought territory, which could suggest a potential short-term pullback or consolidation.
Bullish Scenario:
If the price maintains above the $12.09 support level, it is likely to retest the $27.36 resistance level.
A break above $27.36 could lead to further upside towards $37.05.
Bearish Scenario:
If the price fails to hold the $12.09 support level, it may find the next support around $11.06.
A break below $11.06 could lead to a drop towards $8.40 or even $5.13.
LINK: buy in mid-term📊Analysis by AhmadArz:
🔍Entry: 12.77 - 12.55
🛑Stop Loss: 12.28
🎯Take Profit: 13.24 - 13.65 - 14.11
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📉📈 LINK Trade Analysis 🔄💼Trade Overview:
LINK is exhibiting a triple bottom pattern with potential strength indicated by acceptance above the monthly open, signaling a shift in structure on lower timeframes.
Trade Strategy:
Entry: Consider entering into the buy zone between $12.50 to $13.50.
Take Profit: Set take profit targets at $16.00 and $16.80, with the next area of resistance at $18.70 - $19.50.
Stop Loss: Place the stop loss below $12 to manage risk effectively.
📊🔍 Monitor LINK's price movement closely for potential entry opportunities! #LINKTrading #CryptoAnalysis 🌐🔒
LINK/USDT 4H ChartHello everyone, let's take a look at the LINK to USDT chart on a 4-hour time frame. As you can see, the price is moving above the local uptrend line.
Let's start by determining support and, as you can see, first we have a support zone from $13.77 to $12.90, then we have visible support at $12.34 and then the third support at $11.55.
Now let's move on to the resistance lines, as you can see the first resistance is at $13.98, if you manage to break it, the next resistance will be at $15.02, $15.71 and the fourth resistance at $16.67.
The RSI indicator and the STOCH indicator are approaching the lower limit, which may slow down the current correction, which will keep the price in the support zone.
🔗 LINK Trading Strategy 📈💡Entry Point:
If BTC stabilizes and LINK tests the $10.00 - $11.00 support, consider entering a long spot trade.
Trade Parameters:
Entry: $10.00 - $11.00.
Take Profit: $12.80 - $13.50 or $16.00 - $16.80.
Stop Loss: Just below $9.60.
Risk Management:
Utilize a tight stop loss to mitigate potential losses.
Monitor BTC stability as it may influence LINK's movement.
📈💰 Stay vigilant for favorable entry conditions! #LINKTrading #CryptoAnalysis 🚀🔍
#LINKUSDT: Bears to continue dominating| Crypto|SetupsFX_|Hey Traders,
With most of the crypto pairs, price is making correction on this crypto pair too. Expecting price to drop down to 7.00 region from bullish rebound may occur until then. Keep selling with accurate risk management. Good Luck and Trade Safe.
LINKUSDT.1DThe daily chart for Chainlink (LINK/USDT) indicates a recent bearish trend, as highlighted by the descending trendline, with the current price at $12.995. The chart showcases a resistance level (R1) at $16.577, beyond which R2 and R3 are marked at $21.477 and a high near $22.868, respectively.
The primary support level (S1) is set at $12.205, which is crucial for maintaining the current bearish structure. If the price breaks below this support, it could lead to further declines, potentially testing lower supports not identified on the chart.
The RSI is near the oversold territory at 38.28, suggesting that the market might be nearing a point where a reversal could occur if buyers step in. The MACD is below the signal line and in the negative zone, reinforcing the bearish momentum indicated by the price action.
Traders may consider looking for buying opportunities near the support level if bullish signals emerge, such as a bullish divergence on the RSI or a crossover to the upside on the MACD. Conversely, a break below S1 might be used as an entry point for short positions, with the expectation of further declines. A break above the descending trendline and resistance at R1 could suggest a potential reversal, targeting higher levels up to R2 and R3.
Is LINK getting ready for an upward move?Hello everyone, let's look at the 4H LINK to USDT chart, because you can see how the price is moving in the local downtrend channel, and what's more, you can see a break from the bottom of the uptrend line.
Let's start by setting goals for the near future that we can include:
T1 = $15
T2 = $15.80
T3 = $16.33
AND
T4 = $17.05
Now let's move on to the stop loss in case of further market declines:
SL1 = $13.79
SL2 = $13.17
SL3 = $12.41
AND
SL4 = $11.78
The RSI indicator shows that we are bouncing off the local downward trend line, which causes the price to rebound again, while the STOCH indicator is constantly moving at the lower border, which may lead to an attempt to rebound the price and exit the channel at the top.
Link, Keeping It Stupid SimpleIf you find this information inspiring/helpful, please consider a boost and follow!
NASDAQ:LINK update 🧵
Went deeper than expected...🤔
But it's making it simple for me.
IF
gives a bounce out of the GZ,
breaks 14.361 impulsively, or higher,
Then
I will consider a long at some degree, on a retrace back to one of these level with confluence.
Till then, 5s down and correction sideways at this degree.
LINK/USDT 4hInterval CHARTHello everyone, let's look at the 4H LINK to USDT chart as we can see that the price is moving below the local downtrend line.
Let's start by setting goals for the near future that we can include:
T1 = $15.22 - $16.25
T2 = $17.33
T3 = $18.81
AND
T4 = $20.72
Now let's move on to the stop-loss in case of further market declines:
SL1 = $14.46
SL2 = $13.45
AND
SL3 = $12.74 - $11.82
Looking at the RSI indicator, we can see that small price movements returned the indicator to the lower part of the range, while the STOCH indicator returned to the lower limit, which may affect the current stop of the correction.
LINK/USDT 4HInterval ChartHello everyone, let's look at the 4H LINK to USDT chart as we can see that the price is moving below the local downtrend line.
Let's start by setting goals for the near future that we can include:
T1 = $16.14
T2 = $17.38
T3 = $18.75
T4 = $20.54
AND
T5 = $22.88
Now let's move on to the stop-loss in case of further market declines:
SL1 = $14.39
SL2 = $13.34
SL3 = $11.79
AND
SL4 = $9.16
Looking at the RSI indicator, it can be seen that it began to turn around before the upper limit, while the STOCH indicator, despite a slight price recovery, returned to the lower part of the range, which creates room for a new increase.
🔗📈 LINK Trade Opportunity! 📈🔗📊 Analysis:
Support Level: Chainlink (LINK) is currently trading at a support level, indicating a potential buying opportunity.
Entry Range: Consider entering the trade between $12.75 and $13.50, aligning with the current support.
Profit Targets: Aim for profits at $16.00 - $16.75 or $18.65 - $19.50 resistance levels.
Risk Management: Set a stop-loss just below $11.78 to manage potential losses.
📈 Trading Strategy:
Entry: Initiate a long position within the specified range of $12.75 - $13.50.
Targets: Take profits at identified resistance levels.
Risk Control: Implement the specified stop-loss to control downside risk.
🚨 Note: Stay vigilant and adapt your strategy as market conditions evolve! 📊🔍 #LINK #TradingOpportunity #CryptoAnalysis 🌟📈
📈LINK: Key Levels and Market Indicators in Daily Time Frame💎🔍Today, we're analyzing LINK in the daily time frame. After reaching a peak at 20.623, we experienced several fakeouts, and now we've retraced to around 13. This level has acted as a strong support, preventing further downside movement.
📈🛒Currently, we're seeing a strong buying candle, indicating a potential entry point for buyers. Moving forward, let's consider other parameters to confirm our analysis.
📊Firstly, let's analyze the volume. After the recent selloff candle, we encountered significant buying volume at the support level. However, volume has significantly decreased since then, with red candles showing decreasing volume day by day. This divergence suggests caution and indicates a lack of confirmation for the current trend.
💥Looking at the RSI, we observe that it has reached oversold territory, which could serve as an attractive entry point in an upward trend. However, there is minimal divergence, particularly visible in the 4-hour timeframe. Positive divergence triggers above the 30 line on the RSI could confirm its activation. On the flip side, a crucial resistance at 36.06 may hold the RSI in check, resulting in price ranging behavior.
💎Observing the SMAs, we note that the SMA7 has reached the candles, but the candles are closing bullish, indicating that the SMA7 may not exert significant pressure. Conversely, the SMA25 has distanced itself from the candles, suggesting that either the candles need to move towards the SMA25 or range until the SMA25 catches up.
✅Considering these parameters, it appears that the price has a stronger inclination towards upside movement compared to downside. Potential upside targets include 16.699 and 20.623. However, it's essential to remember that nothing in the market is guaranteed, and support levels may fail. In such a scenario, activating a stop-loss for long positions and considering short positions may be prudent. Potential downside targets could be 10.989 and 8.377.
🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
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.