Chainlink (LINK/USDT) Technical Analysis – 4H Chart
Consolidation & Breakout
- LINK traded in a consolidation zone before breaking down sharply.
- A breakout from this range led to strong bearish momentum.
Key Resistance & Supply Zone
- A supply zone is established around $15.00 - $16.00, where price previously rejected.
- The $17.33 resistance remains a critical level for bullish recovery.
Bearish Structure & Potential Downside
- The rounded top pattern suggests weakening bullish strength.
- A possible retest of the supply zone could lead to another rejection.
- If rejection occurs, $11.27 is the next major support level to watch.
Market Outlook
- Bearish bias remains unless LINK reclaims the supply zone.
- A rejection from resistance could trigger further downside.
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Consolidation & Breakout
- LINK traded in a consolidation zone before breaking down sharply.
- A breakout from this range led to strong bearish momentum.
Key Resistance & Supply Zone
- A supply zone is established around $15.00 - $16.00, where price previously rejected.
- The $17.33 resistance remains a critical level for bullish recovery.
Bearish Structure & Potential Downside
- The rounded top pattern suggests weakening bullish strength.
- A possible retest of the supply zone could lead to another rejection.
- If rejection occurs, $11.27 is the next major support level to watch.
Market Outlook
- Bearish bias remains unless LINK reclaims the supply zone.
- A rejection from resistance could trigger further downside.
If you enjoy, press the like button.
Nota
Price is approaching in our supply zone.Trade attivo
Trade activated from 15$.Nota
price start falling towards target area. Nota
Price is dropping from supply zone, towards target area. Nota
Trade chiuso: obiettivo raggiunto
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.