LINK/USDT 1D chart review Hello everyone, let's look at the 1D LINK to USDT chart, in this situation we can see how the price is moving in the local downward trend channel which we are currently fighting to go up.
Let's start, however, by defining the goals for the near future that the price must face:
T1 = $22.29
T2 = $23.98
T3 = $26.65
T4 = $28.54
Now let's move on to the stop-loss in case the market continues to decline:
SL1 = $19.65
SL2 = $16.58
SL3 = $14.54
SL4 = $12.73
LINKUSDT.PS trade ideas
#link longGreetings traders! Today, we’re diving into the Chainlink/USDT pair
Market Context
Break of Structure (BOS): A shift in market dynamics around key levels indicates bearish liquidity grabs, leading to an accumulation phase.
Fair Value Gap (FVG): Price is retracing into an FVG zone near $20.42-$20.53, a potential entry for smart money looking for discounted prices.
Order Block (OB): The bearish OB near $23.50-$24.00 could act as a strong resistance for partials or reversals.
Strategy for Partial TPs:
TP1 @ $21.50
TP2 @ $22.50
TP3 @ $24.00
TP6 @ $25.71
Stop-Loss: Below $19.63, just beyond the swing low and FVG invalidation point.
Head and Shoulders Pattern ConfirmationLINK has formed a head and shoulders pattern after reaching a weekly gap. The neckline of the head and shoulders pattern was broken yesterday and it could move down to $13.50.
The entry point for a short position could be $20.55 and the stop loss at $21.21.
NOTE : It is your responsibility to enter into this transaction. So, please enter the position with proper capital management.
I Cannot Short This !!! situation+next targets.Technically, the cup and handle pattern has broken, which indicates a price increase. The price can easily reach the target goals.. If we measure the AB range, which is $17.5 , and if the breakout is confirmed, we can say that the price will easily grow $37 equal to CD.
Give me some energy !!
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Best regards CobraVanguard.💚
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Great Opportunity to enter LINKGreat Opportunity to enter 💰 #LINK now🔥
CRYPTOCAP:LINK has retraced back to levels of its breakout from Cup & Handle formation on monthly👀
Adding to my main bag here! FULL SEND🚀
🎯Mid-Term Sell Zone 1 - 38.35$
🎯Mid-Term Sell Zone 2 - 47.30$
🎯Long-Term Sell Zone 1 - 58.80$
🎯Long-Term Sell Zone 2 - 73.90$
LINK H&S potentialCOINBASE:LINKUSD has a well defined head & shoulders forming. Around 19.90 is the key level to watch here as it would confirm the H&S and also invalidate the bullish pinbar that formed on Dec. 20th. The target for this pattern is around 13.50. Major support also sits at around 9.50, so I consider the support zone essentially being anywhere between 9.50-13.50. This would be an attractive area to start looking at going long again.
Chainlink Analysis: Key Patterns and Downside Risks 2024.12.29Hello, this is Greedy All-Day.
Today’s analysis focuses on Chainlink (LINK).
Weekly Chart Analysis
Looking at the weekly chart, Chainlink recently broke above the long-term resistance trendline in the green box, pushing past the previous resistance level at $21.
However, the price has now entered a corrective phase, potentially retesting the trendline.
Chainlink has dropped approximately 30% from its 2024 high.
Daily Chart Analysis
On the daily chart, the short-term ascending trendline was broken some time ago. After a retest, the price appears to have resumed its corrective trend.
A key concern here is the development of a Head & Shoulders (H&S) pattern, with the neckline break being the final confirmation for further downside.
Neckline and Entry Considerations
The H&S neckline is marked with the green trendline.
For conservative entries, I recommend waiting for the price to fall below the 60 EMA on the daily chart before entering.
Targets:
The first target is the demand zone in the blue box, specifically at the $16 level.
If $16 breaks, it would signal the end of the bullish phase, with further downside likely.
The H&S pattern target suggests a potential drop to $9.
Volume Analysis
The volume supports the completion of the H&S pattern, showing a gradual decline in buying pressure.
This weakening buying momentum increases the probability of further declines if the neckline is broken.
Conclusion
Chainlink has shown strength in breaking the long-term resistance trendline, but the recent corrective phase raises concerns:
Weakening buying pressure during the decline suggests the potential for further downside.
If the current level fails to hold, Chainlink may enter the Ichimoku Cloud, signaling a trend reversal and opening the door for a 50% decline from current levels.
Recommendation:
For now, I recommend observing the market rather than taking new long positions. Waiting for confirmation of support or a significant breakout is the safer approach.
Let’s trade smart and stay ahead of the market. 🚀
LINK ANALYSIS🚀#LINK Analysis : Pattern Formation
🔮As we can see in the chart of #LINK that there is a formation Head And Shoulder Pattern and it's a bearish pattern. If the candle closes belowthe neckline then we would see a little dump in #LINK otherwise it will go rise according to the market 📊
🔰Current Price: $21.80
⚡️What to do ?
👀Keep an eye on #LINK price action. We can trade according to the chart and make some profits⚡️⚡️
#LINK #Breakdown #Cryptocurrency #TechnicalAnalysis #DYOR
#LINK Head and Shoulders Formation Points to Potential DownsideChainlink (LINK/USDT), Head and Shoulders Formation Points to Potential Downside
On the 4-hour timeframe, a clear Head and Shoulders pattern has emerged, signaling a potential bearish reversal. Key support levels are identified at $19.89 - $21.86, and a decisive close below this critical zone could pave the way for a significant downside move, with the next target projected around $12.
Traders should monitor the price action closely at the support zone, as a confirmed breakdown could provide an optimal short entry to capitalize on this pattern. Stay vigilant and ready to seize this opportunity.
Not A Financial Advice, Trade at your Own Risk. We are not responsible for profit or losses
#LINK Head and Shoulders Formation Points to Potential DownsideChainlink (LINK/USDT), Head and Shoulders Formation Points to Potential Downside
On the 4-hour timeframe, a clear Head and Shoulders pattern has emerged, signaling a potential bearish reversal. Key support levels are identified at $19.89 - $21.86, and a decisive close below this critical zone could pave the way for a significant downside move, with the next target projected around $12.
Traders should monitor the price action closely at the support zone, as a confirmed breakdown could provide an optimal short entry to capitalize on this pattern. Stay vigilant and ready to seize this opportunity.
Not A Financial Advice, Trade at your Own Risk. We are not responsible for profit or losses
Why #LINK Could Be Headed for New Highs?BINANCE:LINKUSDT
At present, the coin continues its upward movement. Previously, the asset received strong buy support at the $19.78 level (also a key support level).
Now, buyer interest is focused in the $24 - $20 range (this is where the largest volumes are concentrated). Spot purchases should be considered within this range as well, with possible further accumulation at the $13.78 level (unlikely, but worth noting).
Spot Targets:
1️⃣ $35.76
2️⃣ $52.79
And we’re sure to reach them!
I believe #LINK has tremendous potential for further growth.
DYOR.
LINK/USDT 4h chart reviewHello everyone, let's look at the 4h LINK to USDT chart, in this situation we can see how the price is moving along the local upward trend line, but here we have bounced off the visible resistance at the levels:
T1 = $25.44
T2 = $26.71
T3 = $28.48
Now let's move on to the stop-loss in case the market continues to decline:
SL1 = $23.70
SL2 = $22.29
SL3 = $21.29
SL4 = $19.75
Chainlink (LINK): Possible Head & Shoulders on Smaller TFChainlink has made a nice decline where we bounced right off as well.
We expect to see a smaller recovery to further upper zones and then a possible H&S pattern to form on smaller timeframes where we will be looking for a weakness near the right shoulder to form.
Once we see it, we will be looking for a possible downward movement to the neckline zone (support zone).
Swallow Team