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LINKETH

Chainlink Wave - Ascending Triangle Signals a Bullish Breakout! I am thrilled to share that Chainlink has been forming an intriguing pattern on the charts - an ascending triangle. This pattern indicates a potential bullish breakout in the near future and presents an excellent opportunity for traders like us to capitalize on this upward trend. So, fasten your seatbelts, my friends, because we are about to embark on an exhilarating ride! For those unfamiliar with an ascending triangle, it is a bullish continuation pattern characterized by a series of higher lows and a horizontal resistance level. As the price consolidates within this pattern, the pressure builds up, setting the stage for an explosive breakout. With Chainlink's recent price action, it becomes evident that the bulls are gaining strength and are ready to push LINK to new heights. Now, you might be wondering, why Chainlink? Well, let me tell you why this cryptocurrency has caught my attention. Chainlink has established itself as a leader in the decentralized oracle space, providing reliable and secure data to smart contracts across various blockchain platforms. Its innovative technology and partnerships with major players in the industry have positioned it as a key player in the rapidly growing DeFi ecosystem. Considering the rising demand for decentralized finance and the increasing adoption of smart contracts, Chainlink's value proposition becomes even more compelling. As the market continues to recognize the importance of reliable data feeds, Chainlink's role as a bridge between the real world and blockchain technology becomes increasingly vital. So, here's the call-to-action, my fellow traders: it's time to go long on Chainlink! With the ascending triangle pattern signaling an imminent breakout, now is the perfect moment to position ourselves for potential gains. By taking advantage of this bullish momentum, we can ride the Chainlink wave and potentially reap substantial profits. Remember, as traders, we thrive on seizing opportunities when they arise. Chainlink's ascending triangle pattern is a clear indication that the time to act is now. So, let's dive into the market, set our stop-loss orders strategically, and ride the wave of potential profits that Chainlink promises. As always, please conduct your own research and consult with your trusted financial advisor before making any investment decisions. The cryptocurrency market can be volatile, but with careful analysis and a well-executed strategy, we can navigate these waters and come out on top. Wishing you a successful trading journey ahead!
COINBASE:LINKUSD
by bryandowningqln
2
LINKETH - Sat on a Critical Level, Can We Break Upward by 10%?We've got a pretty strong Buy signal from Crypto Tipster v2 today - looking at the chart it would appear we're currently sat right on a critical pivot point, the market could choose to go either way from here, or even consolidate for a short while too! Based on the recent rebound off support @ 416 and breaking through the next level of resistance above that, we're staying positive on Chainlink for now and predicting gains of around 10% over the next few weeks to one month. If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
Long
by theCrypster
6
#LINKETH - 35% Rise Coming Off SupporttheCrypster - A slowly closing wedge and plenty of profitable trades from top to bottom within #LINK - that's what we've had for numerous months so far; here we go again! We're currently sat right on the lower edge of support and have received a good Buy signal from CTv2, we can see #CHAINLINK increasing somewhere between 30%-40% to the upper edge of resistance. If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
Long
by theCrypster
14
Link in accumulation modeDespite the cryptocurrency market being in a turmoil lately, COINBASE:LINKUSD maintained its current support level for more than 6 months. Following the BINANCE:LUNAUSDT collapse, link like most of the cryptocurrency market had put a new low. However, what's intriguing is, unlike other cryptocurrencies it has actually held that low quite strongly, with occasional visits every now and then, yet always followed by swift recovery. It seems that link has entered in accumulation mode and is preparing for the next cycle. The possibility for a new low still remains, but I believe even if we put a new low, it wouldn't be far off from the current one, and with that been said link offers now a lucrative buying opportunity.
Long
by m3rr0r
LINKETH - MONTHLY BREAKOUT (LONG) $LINK Chainlink $LINK has broken out of a brutal downtrend against Ethereum $ETH. LINK has been bleeding against ETH since August 2020 and finally looks ready to breakout of the trend and hopefully go to new ATHs. Link was the star of last bear market, and as we head into poor macro conditions, it looks like history may repeat itself. LINKETH is also sitting on major support and I'm fairly confident that it will hold strong. This could be another fakeout like we saw a few months ago - but I'm optimistic LINK will start outperforming soon regardless. During the mania phase, the market greatly over valued various L1s, meme coins, metaverse, governance tokens, etc. Its time for a return to normalcy and for only the strongest projects to survive/thrive.
COINBASE:LINKUSDLong
by sacred73yt
2
LINK/ETH APR 15MA: LINK has made 2 consecutive closes above the 4H 10MA S/R It nearly hit all time lows support level (line A) Trend: It is to the right of the major green trend line (definitely significantly bullish) It is above the minor orange trend line (which might be an invalid shorter term line) Candlesticks: (4H): V shape with high close followed by very low range blue candle showing the high close was not attacked by bears, looks like a bottom was formed. I was initially skeptical of this bottom shape though as this can look like a bottom but not be, but it does qualify as a good bottom shape in my opinion. Volume: Volume has been low still, but this might not be significant as most LINK might be traded vs. the USD at Kraken. Trading Plan: Make 5 "aggressive entries" - one at each of the next 5 "qualifying trade setups" including: 1. 2 consec closes above 50MA, 2. hitting the Line A support (x3 size as definitely valid trade) 3. low volatility around Line A support, 4. breaking back above Line A support, 5. break above .0046202 (recent swing high on this break above 10MA) Make 5 "adding" entries after trade is "working" to be determined by: 1. crossing line B 2. 2 consec closes above line B 3. crossing line C 4. crossing line D 5. consolidating above line D (x3 as this is definitely an "end" of the bottoming of LINK as long as price stays above it) Stop of Trade: 10% max loss set below each position entry
Long
by reversalradar
LINK🔗 triangle breakoutIt's has been long time since I posted last Chainlink idea... 👇 But now here comes another one >> LINK 🔗 is holding well even in this weak market recently. Price seems to be ready to break up this triangle 📐 and If succesful I think there is chance for run to 30.9 and even higher. I'm already in, but one can set the BUY LIMIT order to catch the possible pullback. As usually we need BTC to stay stable (or even go up) to not spoil the party. Going with lower size as markets are shaky. ENTRY : local high @ 26.37 STOPLOSS (TP) : local low @ 25.08 TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY LIMIT - SL) @ 30.9 REWARD RISK RATIO (RRR) : 3.5 INVALIDATION : when SL level hit Check my other stuff in related ideas. Please like👍, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Long
by bizmark