Chainlink chart comparison LINK/USDT VS LINK/BTC ON WEEKLY
📈 Chainlink (LINK/USDT & LINK/BTC) Analysis: Weekly Support Holding Strong with Key Rejection Zone!
Hello Traders! 👋
Today, I’ve analyzed Chainlink against both USDT and BTC on the weekly timeframe, and here’s what I see:
1️⃣ LINK/USDT
- The pair is sitting right at a key weekly support zone
- After a slight pullback this week, the price is showing signs of respecting this support level.
- The weekly RSI is at 55, suggesting neutral momentum with ample room for upside.
2️⃣ LINK/BTC
- LINK/BTC is also consolidating on a critical weekly support area, similar to its USDT counterpart.
- From the previous swing high to swing low, a Point of Control (POC) level emerges, where price rejection has been observed.
- This rejection zone could play a pivotal role in price action, acting as a short-term resistance.
🛠 Key Observations:
- Both pairs are aligning perfectly at support levels, indicating confluence across markets.
- Weekly RSI at 55 suggests balanced momentum without overbought/oversold conditions.
- The POC level in LINK/BTC is a critical area to watch for confirmation of bullish continuation or rejection.
📌 My Expectation:
If the support zones hold as anticipated, we could see a strong bullish reaction in both LINK/USDT and LINK/BTC, with significant upside potential in the coming weeks.
🚨 Reminder: Always manage your risk! Use stop-losses and position sizing to protect your capital.
What’s your take on LINK? Let me know in the comments! 👇
#LINK #Crypto #Chainlink #BTC #USDT #CryptoTrading #SupportAndResistance #VolumeProfile #TechnicalAnalysis
Hello Traders! 👋
Today, I’ve analyzed Chainlink against both USDT and BTC on the weekly timeframe, and here’s what I see:
1️⃣ LINK/USDT
- The pair is sitting right at a key weekly support zone
- After a slight pullback this week, the price is showing signs of respecting this support level.
- The weekly RSI is at 55, suggesting neutral momentum with ample room for upside.
2️⃣ LINK/BTC
- LINK/BTC is also consolidating on a critical weekly support area, similar to its USDT counterpart.
- From the previous swing high to swing low, a Point of Control (POC) level emerges, where price rejection has been observed.
- This rejection zone could play a pivotal role in price action, acting as a short-term resistance.
🛠 Key Observations:
- Both pairs are aligning perfectly at support levels, indicating confluence across markets.
- Weekly RSI at 55 suggests balanced momentum without overbought/oversold conditions.
- The POC level in LINK/BTC is a critical area to watch for confirmation of bullish continuation or rejection.
📌 My Expectation:
If the support zones hold as anticipated, we could see a strong bullish reaction in both LINK/USDT and LINK/BTC, with significant upside potential in the coming weeks.
🚨 Reminder: Always manage your risk! Use stop-losses and position sizing to protect your capital.
What’s your take on LINK? Let me know in the comments! 👇
#LINK #Crypto #Chainlink #BTC #USDT #CryptoTrading #SupportAndResistance #VolumeProfile #TechnicalAnalysis
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