Chainlink has formed a robust support level between $9-$11, holding steady four times on the daily chart and now showing signs of a breakout! 📈
Key Highlights:
📊 Decisive Break Above $11.50 Resistance: LINK has surged past the $11.50 mark, signaling a strong uptrend formation.
💪 Strong HVN Support: A significant High Volume Node around the $11 region reinforces this sturdy support level.
🕒 Short-Term Bullish Indicators: On the 1-hour chart, LINK has moved above the VWAP, 20 EMA, and 50 EMA, and the RSI has crossed above 50—positive short-term signals.
🎯 Potential Upside Levels: If the upward momentum continues, LINK might approach the $12.75 level. A further breakout, especially if Bitcoin (BTC) breaks its resistance, could see LINK reaching the $14-$15 area.
⚠️ Key Support Levels: In terms of risk management, traders are observing levels like $11.50 (aggressive stop loss) and down to $10.15 if swing trading.
🌐 Positive Market Sentiment: Bitcoin (BTC) appears bullish, with a breakout seeming imminent, which often bodes well for altcoins like LINK.
💰 BTC Support at
67K: Bitcoin has found support and bounced at $67,000, strengthening the overall market outlook.
🏦 Time-Tested Hold: LINK is considered by many as a solid, time-tested asset for the upcoming bull run.
With confluence from multiple technical indicators and bullish market sentiment, LINK shows potential for an upward move! 🌟
Key Highlights:
📊 Decisive Break Above $11.50 Resistance: LINK has surged past the $11.50 mark, signaling a strong uptrend formation.
💪 Strong HVN Support: A significant High Volume Node around the $11 region reinforces this sturdy support level.
🕒 Short-Term Bullish Indicators: On the 1-hour chart, LINK has moved above the VWAP, 20 EMA, and 50 EMA, and the RSI has crossed above 50—positive short-term signals.
🎯 Potential Upside Levels: If the upward momentum continues, LINK might approach the $12.75 level. A further breakout, especially if Bitcoin (BTC) breaks its resistance, could see LINK reaching the $14-$15 area.
⚠️ Key Support Levels: In terms of risk management, traders are observing levels like $11.50 (aggressive stop loss) and down to $10.15 if swing trading.
🌐 Positive Market Sentiment: Bitcoin (BTC) appears bullish, with a breakout seeming imminent, which often bodes well for altcoins like LINK.
💰 BTC Support at
67K: Bitcoin has found support and bounced at $67,000, strengthening the overall market outlook.🏦 Time-Tested Hold: LINK is considered by many as a solid, time-tested asset for the upcoming bull run.
With confluence from multiple technical indicators and bullish market sentiment, LINK shows potential for an upward move! 🌟
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.