📊 
LINKUSDT Technical Analysis - Daily Timeframe
🔹 Market Outlook:
Chainlink is exhibiting a textbook bullish structure within a well-defined ascending channel. The price has successfully maintained higher lows, supported by strong bullish candles with large bodies, signaling dominant buying pressure. 🚀
🎯 Price Targets:
1️⃣ First Target: $11.95 (Immediate resistance and previous swing high).
2️⃣ Major Target: $14.03 (Based on measured move legs and the upper boundary of the Pitchfork).
🛡 Key Support Levels:
The level at $9.58 acts as the primary floor. As long as the price stays above this zone, the bullish momentum remains intact. A secondary major support is identified at $8.21. 📉
🛠 Strategy Insights:
By applying Andrews' Pitchfork and measured move legs (L-1, L-2), the chart suggests a "zigzag" progression. We expect a push toward the first yellow circle, followed by a healthy retest of the median line before the final rally toward the $14.03 zone.
📌 Note: Maintain strict risk management as the price approaches the upper resistance tiers.
LINKUSDT Technical Analysis - Daily Timeframe🔹 Market Outlook:
Chainlink is exhibiting a textbook bullish structure within a well-defined ascending channel. The price has successfully maintained higher lows, supported by strong bullish candles with large bodies, signaling dominant buying pressure. 🚀
🎯 Price Targets:
1️⃣ First Target: $11.95 (Immediate resistance and previous swing high).
2️⃣ Major Target: $14.03 (Based on measured move legs and the upper boundary of the Pitchfork).
🛡 Key Support Levels:
The level at $9.58 acts as the primary floor. As long as the price stays above this zone, the bullish momentum remains intact. A secondary major support is identified at $8.21. 📉
🛠 Strategy Insights:
By applying Andrews' Pitchfork and measured move legs (L-1, L-2), the chart suggests a "zigzag" progression. We expect a push toward the first yellow circle, followed by a healthy retest of the median line before the final rally toward the $14.03 zone.
📌 Note: Maintain strict risk management as the price approaches the upper resistance tiers.
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La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.