#LINKUSDT: Will ChainLink Break Falling Wedge or Slip Further?
Yello Paradisers! Are you ready for a potential breakout or a looming drop of #LINK? Let's dive into the latest analysis of LINK and see what might be next for #ChainLink.
đź’Ž#LINKUSDT has been trading within a falling wedge pattern on the 8HR timeframe. We're anticipating a bullish breakout that could drive the price toward the upper supply zone. However, as of now, #ChainLink is retesting the falling wedge's upper resistance level, and there is a possibility that it might not successfully break out just yet.
đź’ŽIf LINK fails to breach the upper resistance, it's likely to retest the Bullish Order Block (OB) around $13.55. This level is also the Point of Control (POC) line of the Volume Range Volume Profile (VRVP), making it a strong support level.
đź’ŽHowever, if
LINK fails to hold at $13.55, the next support level to watch is at $12.62. This area is packed with liquidity, increasing the chances of a renewed bullish rally if tested.
đź’ŽIf the $12.62 support level fails to hold, we could see the bears taking control, leading to a bearish rally. The overall market sentiment and Bitcoin's movement will significantly influence #LINK's price action, so keep a close eye on these factors.
Stay focused, patient, and disciplined, Paradisers.
MyCryptoParadise
iFeel the success🌴
đź’Ž#LINKUSDT has been trading within a falling wedge pattern on the 8HR timeframe. We're anticipating a bullish breakout that could drive the price toward the upper supply zone. However, as of now, #ChainLink is retesting the falling wedge's upper resistance level, and there is a possibility that it might not successfully break out just yet.
đź’ŽIf LINK fails to breach the upper resistance, it's likely to retest the Bullish Order Block (OB) around $13.55. This level is also the Point of Control (POC) line of the Volume Range Volume Profile (VRVP), making it a strong support level.
đź’ŽHowever, if
LINK fails to hold at $13.55, the next support level to watch is at $12.62. This area is packed with liquidity, increasing the chances of a renewed bullish rally if tested.đź’ŽIf the $12.62 support level fails to hold, we could see the bears taking control, leading to a bearish rally. The overall market sentiment and Bitcoin's movement will significantly influence #LINK's price action, so keep a close eye on these factors.
Stay focused, patient, and disciplined, Paradisers.
MyCryptoParadise
iFeel the success🌴
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