Time frame: 1D (Day)
LINK is moving sideways right at the edge of the Ichimoku cloud, indicating a tight accumulation state and the market is preparing for a significant movement in the near future. Below are the main technical factors:
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1. Ichimoku Cloud:
• The current price is within the Kumo cloud – signaling an unclear market trend, waiting for a breakout signal.
• The forward cloud (Senkou Span A and B) is relatively thin, indicating weak resistance, which can be easily breached if there is enough momentum.
• Kijun-sen is below the price, acting as short-term support around $13.9.
2. Bollinger Bands:
• The Bollinger Bands are narrowing – a characteristic sign of the 'compress' phase before a breakout.
• Price fluctuates between $13.9 and $14.6, with no clear trend signs.
3. Stochastic RSI:
• The %K line has crossed down %D from the overbought region and is plummeting – warning of a short-term technical adjustment.
• Need to monitor the support zone of 20 – if breached, the adjustment trend may prolong.
4. MACD:
• MACD remains above the signal line, indicating that the medium-term uptrend is still intact.
• However, the histogram is narrowing – upward momentum is waning.
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Conclusion:
LINK/USDT is in a tight accumulation state within the Ichimoku cloud, with a high possibility of a breakout in the upcoming sessions. Pay attention to two important technical levels:
• Resistance: $14.6 – if surpassed, it will open up the possibility of returning to the $15.8–$16.2 range.
• Support: $13.9 – if broken, it may retest the $13.0–$13.2 range.
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Reference strategy:
• Buy when the price breaks out above $14.6 with high volume, expecting a target of $15.8.
• Buy when the price adjusts to the $13.4–$13.6 range, combined with support signals from Stoch RSI or MACD.
• Stop-loss below $13.0 if there is a decisive closing candle with high volume.
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Note: This is a reference technical analysis, not investment advice. Investors should manage capital and risks according to their personal strategy.
