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, $11.27 is the next major support level to watch.
Market Outlook
- Bearish bias remains unless LINK reclaims the supply zone.
- A rejection from resistance could trigger further downside.
If you enjoy, press the like button.
Note
Price is approaching in our supply zone.Trade active
Trade activated from 15$.Note
price start falling towards target area. Note
Price is dropping from supply zone, towards target area. Note
Trade closed: target reached
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💸FREE FOREX Signals in Telegram : t.me/FxInsightsHub0
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/FxInsightsHub0
🚀FREE CRYPTO Signals In Telegram: t.me/FxInsightsHub0
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/FxInsightsHub0
🚀FREE CRYPTO Signals In Telegram: t.me/FxInsightsHub0
Related publications
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.