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Chainlink Breaks Channel, Eyes 17% Upside Toward $21 TargetHello✌
Let’s analyze Chainlink’s upcoming price potential 📈.
BINANCE:LINKUSDT has broken out of its daily descending channel, printed a multi-month high, and is now pulling back toward daily and Fibonacci support levels; I'm eyeing a 17% potential move higher with $21 as the main target. 🔍📊
LINK/USDT 4H Chart📉 Indicators and Market Structure:
🔶 Trend:
Current trend: up, as long as it remains above the trend line and the 19.14 USDT level.
Local resistance: 20.28 USDT (recent high).
Next resistances: 20.99 USDT and 22.13 USDT (green lines).
Supports: 19.14 USDT, 18.44 USDT, 17.29 USDT (red lines).
🔷 S
LINK Swing Trade – Watching for a PullbackLINK has rallied 58% since June 24th and is now consolidating after making a higher high. Price action is facing resistance and looks overheated, so a pullback toward support could offer a fresh long entry.
📌 Trade Plan:
• Entry Zone: $15.00 – $16.00 (on pullback)
• Take Profit Levels:
o 🥇 $20
o 🥈
Link / UsdtBINANCE:LINKUSDT
### 📊 **Chart Overview – LINKUSDT (4H):**
* **Current Price:** \$17.65
* **Recent Trend:** Pullback from the \$20.00 resistance zone.
* **Key Support Zones:**
* Immediate: **\$17.00 – \$17.20** (gray demand zone).
* Stronger: **\$14.00 – \$14.20**.
* **Resistance:** \$20.00
LINK at Resistance | Breakout or Fakeout? 🚨 LINK at Resistance | Breakout or Fakeout?
📉 Watch BTC Dominance – It Might Decide Everything!
🔍 Technical Analysis: Chainlink (LINK/USDT) – 4H Timeframe
📊 Current Setup:
LINK broke through the key $18 resistance and is now pulling back near the $19.15 level.
✅ Price remains above all key moving av
Chainlink (LINK) Trapped Between $18–$20: Explosion Soon?Chainlink (LINK) has been in a strong uptrend for most of July, rallying from under $13 to a recent high of $20.28. This level acted as a clear resistance where a "Sell" signal has been triggered, suggesting a temporary exhaustion of bullish momentum. After this peak, price has pulled back slightly
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.