$LINK /USDT Analysis and Trading plan💥
Current Price: $16.32
Timeframe Analyzed: 1H and 1D
Trade Type: Short-Term Swing (12-48 Hours)
Bias: Bullish
Technical Analysis Overview:📊
Chart Pattern & Candle Formation:
On the 1H chart, LINK broke above the previous CHoCH zone with strong bullish engulfing candles—signaling momentum shift. A clean breakout above $15.85 and a sustained push through dynamic resistances (EMAs) confirms trend reversal.
Support Levels:🪴
$15.85 – key reclaimed level
$15.67 (green 50 EMA)
$15.59 (blue EMA)
Resistance Ahead:📈
$17.00 to $17.50 – dark resistance block
Potential upper wick rejections expected between $17.20–$17.40
Momentum Signals:📉
RSI nearing overbought (98.81) – short-term pullback possible before further continuation
Daily candle showing momentum follow-up from bullish reversal base at $14.80–$15.00 range
Trade Plan:🧑🏫
Entry: $16.20–$16.35✅
TP1: $16.90🎯
TP2: $17.40🎯
SL: $15.50 (just below EMA cluster)☣️
Duration: Short-term (1 to 2 days)⌛
Why Bullish?🤔💥
Bullish structure confirmed on both 1H & 1D
Price reclaimed above all EMAs
Break of Structure (BOS) and CHoCH retest successfully flipped
Momentum surge above key supply zone
RSI confirms continuation despite minor correction possibilities
Global Trend & Market Sentiment:🛩️🌍
The broader crypto market continues to show strength following Bitcoin’s hold above $105K. On-chain metrics suggest increased $LINK wallet activity and DEX integration mentions. Coupled with positive sentiment from BTC and ETH strength, altcoins like LINK are gaining traction. No major bearish news—momentum-based trades are dominating the structure.
Trader’s Takeaway:🧑🏫
Breakout traders and swing scalpers should watch for consolidation around $16.00–$16.20 zone. As long as support holds and EMAs compress upward, $LINK remains in bullish favor.
Disclaimer:⚠️
This analysis is for educational purposes only.