Cryptolean Chainlink LINK Update

2024년 3월 13일

After rejecting the key daily resistance zone of $22.10-$23.09, Chainlink found a support at $19.56 that I expect to hold.

A bullish reversal from the current price location or after a re-test of $19.56 will result in a bullish move to re-test $22.10-$23.09.

A bearish break-out of $19.56, the key daily support, will push LINK price towards the next support at $17.40, however the price action will be slow and choppy.

Intraday Chart



The LINKUSDT 4-Hour chart is neutral for now, but it is trying to break into the bullish territory above $21.06.

A break-out of $21.06 will increase a probability of a bullish move to the key intraday resistance zone of $23.48-$24.42, where I will be closely watching the #Chainlink price action.

A bearish rejection of $21.06 will lead to a slow and choppy price action first to $20 and, possibly, lower to the key intraday support at $19.

This bearish dip to $20 or $19 could provide a long trade opportunity.

Support once read!
Thank you!

2024년 3월 17일

노트

Daily Chart



After rejecting the key daily resistance zone of $22.10-$23.09, due to bearish pressure on Crypto market, Chainlink declined to $17.40, the daily support.

A bullish reversal from the current price location is likely and will result in a bullish move to re-test $19.56.

A bearish break-out of $17.40, the key daily support, will push #LINK price in the bearish territory and will increase probability of a deeper correction towards the next support at $16.24, and, possibly, lower to $13.87-$14.85.


Intraday Chart




The LINKUSDT 4-Hour chart is bearish and teasing the support at $17.90.

A bearish break-out of $17.90 will lead to a quick dip to $15.64-$16.58 support zone, where I will be closely watching the #Chainlink price action, as the bullish rejection of this zone is possible.

A bullish reversal from $17.90 will lead to a re-test of $19 followed by a bearish rejection towards $15.64-$16.58.