Long

LINK Potential Falling Channel Reversal + RSI Signals

has been in a downtrend since December, grinding inside a falling channel for 2 months, and it's now sitting right above the key ~$10.00 demand zone.

Price Action
• Price is respecting both bounds of a well-defined falling channel.
• Currently consolidating just above the demand area, early signs of potential strength.

RSI Insights
• Clear bullish divergence at demand zone retest.
• RSI could be approaching a breakout of its multi-month downtrend — worth watching closely.

Key Zones
• Support: $9.5–$10.5 is critical. It held last time and could fuel a reversal. If broken, it would invalidate the setup.
• Resistance: Falling channel upper boundary.
• Confirmation: RSI breakout + channel breakout = potential confirmation of trend reversal.

Also watch $15.5-$16 (previous S/R) and the whole $18-$20 area, which previously acted as support and has a high volume traded. Both could be good levels to take profits, together with the main supply zone in the $25-$27 area.

Still in a No-Trade Zone until a breakout is confirmed.

Note

Ongoing RSI breakout attempt, together with price resistance retest. Worth watching very closely.

Note

RSI breakout confirmed, now ongoing price breakout attempt.

Also watch liquidity, most of it is sitting just above $14.5.
i.imgur.com/UyfhVkh.png

Note

LINK made a clean breakout from its downtrend, and it's now retesting the ~$16.0 S/R.

A successful reclaim here will set the stage for an attempt at the $17.5-$20.0 zone.
This is an important area with multiple S/Rs and very high volume traded.
If reclaimed, LINK would have a good chance at retesting the $25.0-$27.0 supply zone.

AliferCrypto

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AliferCrypto

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