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Chainlink

Chainlink (LINK) Technical Analysis:Daily Timeframe: Chainlink (LINK) has experienced a breakdown of the weekly support level. As a result, the price action is now shifting towards the 4-hour timeframe for potential support levels. Currently, the price is moving towards the 4-hour support zone, which ranges from $17.16 to $16.75. This support zone is expected to hold based on historical price behavior. Upon reaching this support zone, we anticipate a temporary halt or bounce in the downtrend. 4-Hour Timeframe: Upon reaching the support zone between $17.16 and $16.75, Chainlink (LINK) is likely to find support. Historically, this level has acted as a strong support zone, offering buying opportunities for traders. As the price finds support within this zone, we can expect a temporary price stabilization or a bounce. However, it's essential to monitor price action closely for confirmation of support before considering any bullish positions. Resistance is anticipated near $15.33, which has demonstrated significance in the past. Once the price stabilizes and confirms support within the $17.16 to $16.75 zone, the next target would be to overcome the resistance at $15.33. A successful break above $15.33 resistance could signal a potential reversal of the downtrend and may indicate further upward momentum for Chainlink (LINK). Overall, Chainlink (LINK) is currently experiencing a shift in momentum from the weekly timeframe to the 4-hour timeframe, with support expected in the $17.16 to $16.75 range. Traders should closely monitor price action for confirmation of support and potential opportunities for entry or exit positions.
by nawaab001
$LINKUSDT Technical AnalysisOverview Over the past 500 days, BINANCE:LINKUSDT has exhibited a distinct sideways to downward trading pattern within the range of $8 to $4. This prolonged consolidation phase has been characterized by relatively low trading volumes. This consolidation phase is significant as it often precedes a substantial price movement, potentially in either an upward or downward direction. Long-Term Buying Opportunity One noteworthy area of interest for long-term investors is the liquidity box within the range of $3 to $4.9. This range presents a compelling buying zone, especially with an eye towards the anticipated bull run in 2025. Patience and Dollar-Cost Averaging (DCA) are essential strategies to consider. It's worth mentioning that a price level of $2.49 holds particular significance as it historically represents a potential golden buying opportunity, considering that during bear markets, altcoins have commonly experienced a 95% decline. Potential Trading Strategy Another intriguing trading opportunity emerges when the price of BINANCE:LINKUSDT breaks out of its current downward channel and successfully retests it with good volume. This setup offers favorable conditions for both long and short positions. The extended consolidation period of approximately 1.5 years indicates the potential for significant price movements. Traders should exercise caution and consider risk management strategies when entering such positions. Disclaimer This analysis is provided for informational purposes only and should not be considered financial advice. It is essential for all traders and investors to conduct their own research and risk assessment before making any trading decisions.
by utkarshx27
Chainlink( LINK) looks good for more upside after retracement. After the bulls lost the $25.75 level, selling pressure increased. As a result, the LINK fell to a 14-month low on January 24. However, the bulls finally appeared at the $11.3 level, and the alt has gained more than 50% since then. Bullish Scenario: LINK broke the bearish downtrend line on the lower time frame like 4hour(4H) and is trading above the support zone of $15.3. If it stays above this zone and the resistance level at $5 is broken then we could start seeing a move towards $17.40, $19.50, $22.70 and above. Bearish Scenario: LINK has been in a downtrend channel since the last few weeks and we are not completely out of the woods to have strong bullish bias.On higher time frames such as daily, weekly, and monthly, LINK is still in a downtrend. So failure to hold the support at $15.3 and breaking below $14 could lead to a drop towards $12.89, $8.96 and below.
BINANCE:LINKUSDLong
by AltcoinBuzzTrading
LINKUSD: Chainlink potential bottom in play1/ Chainlink price might be setting up an equal low, which could be a potential bottom in formation. 2/ On the other hand, we might get a sweep of the lows, which is also a step that forms a potential bottom. If 1 or 2 does occur, it's an indication of a shift in trend to the upside. Personally, waiting for confirmation after a close above $28.70. As always, Leave your thoughts in the comments! Feedback or questions are appreciated. DYOR Not Financial Advice (FA)
FTX:LINKPERPLong
by DailySats
💡Don't miss the great buy opportunity in LINKUSD @chainlinkTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (23.00). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . LINKUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 60. Take Profits: TP1= @ 27.75 TP2= @ 31.25 TP3= @ 34.45 TP4= @ 37.50 TP5= @ 41.15 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
4
💡Don't miss the great buy opportunity in LINKUSDTrading suggestion: ". There is a possibility of temporary retracement to suggested support line (28.18). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . LINKUSD is in a uptrend and the continuation of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 56. Take Profits: TP1= @ 31.86 TP2= @ 34.25 TP3= @ 37.05 TP4= @ 41.00 TP5= @ 45.00 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
4