Chainlink (LINK/USDT) Summary Analysis
• Support Zone: $16.00 - $12.64 USDT (strong demand area).
• Resistance Levels: $24.12 USDT (first target) and $35.40 USDT (main target).
• Channel Structure: Price is near the lower band of a descending parallel channel, indicating a potential reversal signal.
Scenarios:
✅ Bullish Scenario: If LINK bounces from $16.00 USDT, targets are $24.12 USDT and $35.40 USDT.
❌ Bearish Scenario: A close below $16.00 USDT could trigger a drop to $12.64 USDT.
Strategy:
🔹 Entry: Buy within the $16.00 - $18.00 USDT range, with a stop loss below $12.64 USDT.
🔹 Breakout: A breakout above $24.12 USDT presents a buying opportunity.
🔹 Sell: A close below $16.00 USDT may accelerate the downtrend.
If the channel breaks out, LINK has significant upside potential. 🚀
• Support Zone: $16.00 - $12.64 USDT (strong demand area).
• Resistance Levels: $24.12 USDT (first target) and $35.40 USDT (main target).
• Channel Structure: Price is near the lower band of a descending parallel channel, indicating a potential reversal signal.
Scenarios:
✅ Bullish Scenario: If LINK bounces from $16.00 USDT, targets are $24.12 USDT and $35.40 USDT.
❌ Bearish Scenario: A close below $16.00 USDT could trigger a drop to $12.64 USDT.
Strategy:
🔹 Entry: Buy within the $16.00 - $18.00 USDT range, with a stop loss below $12.64 USDT.
🔹 Breakout: A breakout above $24.12 USDT presents a buying opportunity.
🔹 Sell: A close below $16.00 USDT may accelerate the downtrend.
If the channel breaks out, LINK has significant upside potential. 🚀
Trade active
Price now on support zone.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
CryptoSignalAPP is the best crypto signal application.
Download to Earn
Get most profitable trading signals and information about market.
Keep your risk management.
Make profit !
cryptosignalapp.app.link
Download to Earn
Get most profitable trading signals and information about market.
Keep your risk management.
Make profit !
cryptosignalapp.app.link
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.