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In this analysis, I’m going to review the LINK coin. This project is one of the well-known DeFi and Cross-Chain platforms, and it's considered one of the top projects in these categories.
🔍 The LINK token currently has a market cap of $627 million and holds a ranking on CoinMarketCap.
⏳ 4H Timeframe
As you can see, LINK has started a bullish leg, rising from $13.30 to $17.62. After a pullback that reached as low as $15.92, it has returned to test the previous high.
⚡️ If the $17.62 resistance is broken, the price could rally toward $19.42. Therefore, a breakout above $17.62 can be used as a long entry trigger.
📊 So far, volume has aligned well with the upward trend, and there are no signs of weakness from the volume perspective. However, if volume rises during a pullback or drops during a bullish move, it would signal a volume divergence, potentially indicating a trend reversal.
💥 Meanwhile, the RSI oscillator shows a bearish divergence. If RSI closes below the 50 level, this divergence would be confirmed, suggesting the possibility of a corrective move.
✨ To confirm a deeper correction or trend reversal, a breakdown below $15.92 would be significant. The next support after that lies at $15.22, with the main support far below at $13.30.
✔️ For short positions, I recommend waiting for clearer signs of trend reversal, such as volume divergence or confirmed RSI divergence. At the moment, there’s no solid short setup, and we need to wait for a suitable structure to develop.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
In this analysis, I’m going to review the LINK coin. This project is one of the well-known DeFi and Cross-Chain platforms, and it's considered one of the top projects in these categories.
🔍 The LINK token currently has a market cap of $627 million and holds a ranking on CoinMarketCap.
⏳ 4H Timeframe
As you can see, LINK has started a bullish leg, rising from $13.30 to $17.62. After a pullback that reached as low as $15.92, it has returned to test the previous high.
⚡️ If the $17.62 resistance is broken, the price could rally toward $19.42. Therefore, a breakout above $17.62 can be used as a long entry trigger.
📊 So far, volume has aligned well with the upward trend, and there are no signs of weakness from the volume perspective. However, if volume rises during a pullback or drops during a bullish move, it would signal a volume divergence, potentially indicating a trend reversal.
💥 Meanwhile, the RSI oscillator shows a bearish divergence. If RSI closes below the 50 level, this divergence would be confirmed, suggesting the possibility of a corrective move.
✨ To confirm a deeper correction or trend reversal, a breakdown below $15.92 would be significant. The next support after that lies at $15.22, with the main support far below at $13.30.
✔️ For short positions, I recommend waiting for clearer signs of trend reversal, such as volume divergence or confirmed RSI divergence. At the moment, there’s no solid short setup, and we need to wait for a suitable structure to develop.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
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🏆 Best Crypto Exchange: bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
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.
💥 Don’t Miss Out!
🏆 Best Crypto Exchange: bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
🏆 Best Crypto Exchange: bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
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.