LINK/USDT – Setting Up for a Bigger Move? | 4H Market Structure
Chainlink (LINK) has been consolidating tightly after a solid impulse move from the $13.5 region to the $18 zone. We're now watching for a potential continuation setup as price coils near a confluence of key technical zones.
Structure & Market Context
After peaking around $18, LINK has pulled back in a textbook retracement fashion. Price is currently hovering in the golden pocket zone (between 0.5 and 0.618 fib levels)—a common area where price often gears up for its next leg, either for continuation or breakdown.
More importantly, this retracement aligns with a confluence of trendlines that have been acting as dynamic support over the past few weeks. We're seeing clean reactions every time price taps the mid-line or base trendlines, suggesting bulls are still defending key levels.
What Makes This Zone Interesting?
200 EMA Support (Orange Line): Price is holding just above the 4H 200 EMA, which often acts as a springboard in trending conditions.
Volume Profile Cluster: The area around $14.95–$15.10 is a high-volume node. This is where a lot of trading activity happened previously—expect reactions here if price dips.
Liquidity Sweep: Price already dipped below some previous local lows, which may have grabbed liquidity. If bulls are serious, this is where they typically step back in.
Key Price Zones to Watch
$15.70–$15.25 → This is the primary area of interest. It sits right inside the fib golden pocket and matches up with the EMA and trendline support. Price holding here could mean a push back toward the mid-range.
$15.10–$14.95 → Strong volume support here. If we get a deeper pullback into this range and it holds, that could be the launchpad.
$14.40 and Below → Below this, structure starts to break. If we see strong candles pushing through this level, the bullish setup likely invalidates.
Upside Targets (If Structure Holds)
A push back toward the $16.30–$16.95 region seems likely if we get a clean bounce.
Above that, the $18 highs are back in play, especially if momentum and volume confirm.
In case of breakout, we could even be setting the stage for an extended leg beyond $18.5+—but let’s not jump the gun until structure confirms.
Right now, LINK is in a high-stakes zone—where either a strong bounce or deeper breakdown can develop. The chart is showing signs of healthy consolidation, and the confluence of support (trendlines, fib levels, EMA, volume) is too clean to ignore.
If price holds this region and buyers show up again, this could offer a solid risk-defined long opportunity with continuation potential. But as always, we wait for confirmation—never assume.
#LINK #Crypto #TechnicalAnalysis #SwingTrade #VolumeProfile #Fibonacci #Chainlink
Structure & Market Context
After peaking around $18, LINK has pulled back in a textbook retracement fashion. Price is currently hovering in the golden pocket zone (between 0.5 and 0.618 fib levels)—a common area where price often gears up for its next leg, either for continuation or breakdown.
More importantly, this retracement aligns with a confluence of trendlines that have been acting as dynamic support over the past few weeks. We're seeing clean reactions every time price taps the mid-line or base trendlines, suggesting bulls are still defending key levels.
What Makes This Zone Interesting?
200 EMA Support (Orange Line): Price is holding just above the 4H 200 EMA, which often acts as a springboard in trending conditions.
Volume Profile Cluster: The area around $14.95–$15.10 is a high-volume node. This is where a lot of trading activity happened previously—expect reactions here if price dips.
Liquidity Sweep: Price already dipped below some previous local lows, which may have grabbed liquidity. If bulls are serious, this is where they typically step back in.
Key Price Zones to Watch
$15.70–$15.25 → This is the primary area of interest. It sits right inside the fib golden pocket and matches up with the EMA and trendline support. Price holding here could mean a push back toward the mid-range.
$15.10–$14.95 → Strong volume support here. If we get a deeper pullback into this range and it holds, that could be the launchpad.
$14.40 and Below → Below this, structure starts to break. If we see strong candles pushing through this level, the bullish setup likely invalidates.
Upside Targets (If Structure Holds)
A push back toward the $16.30–$16.95 region seems likely if we get a clean bounce.
Above that, the $18 highs are back in play, especially if momentum and volume confirm.
In case of breakout, we could even be setting the stage for an extended leg beyond $18.5+—but let’s not jump the gun until structure confirms.
Right now, LINK is in a high-stakes zone—where either a strong bounce or deeper breakdown can develop. The chart is showing signs of healthy consolidation, and the confluence of support (trendlines, fib levels, EMA, volume) is too clean to ignore.
If price holds this region and buyers show up again, this could offer a solid risk-defined long opportunity with continuation potential. But as always, we wait for confirmation—never assume.
#LINK #Crypto #TechnicalAnalysis #SwingTrade #VolumeProfile #Fibonacci #Chainlink
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.
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.