$LINK
4H Chart (Major trend and key levels)
1. Major trend:
The trend seems to be reversing from bearish to bullish as price approaches and attempts to break through the MA200 (200-period moving average).
The RSI is approaching the overbought level, indicating strong buying momentum but there is potential for a correction in the near term.
2. Key levels on 4H:
Key resistance: $22,265 (in the MA200 area).
Key support: $21,743 (dynamic support area below current price).
Additional pivot support: $20,323 (S1 level which is quite far from current price).
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1H Chart (Short trend and H4 level validation)
1. Short trend:
The trend on 1H shows a consistent price increase, with increasing volume. Price continues to move above the middle band of Bollinger Bands.
There is consolidation near the resistance of $22,085, waiting for further momentum for a breakout or pullback.
2. Validation of H4 key levels:
H4 resistance at $22,265 remains valid and becomes a target if price breaks the current consolidation.
Support at $21,743 is also confirmed as a significant level based on 1H volume.