analysis 📊Chainlink LINK-->>USDT) — Technical Analysis (1D Timeframe)🚀

[100%]

 

1. General Overview

On the daily timeframe, Chainlink (LINK) is currently trading around $13.66, showing a short-term corrective move within a broader upward trend that started from the strong demand zone around $11–12 USD. Price has recently reacted to this zone with a visible bullish impulse, suggesting a potential continuation of the uptrend if key resistance levels are broken.

---

2. Key Zones & Levels

🟩 Support Zones

• Major Support: $11.50 – $12.50
  ↳ Strong historical demand area (marked in green). Price has bounced from this region multiple times, confirming it as a solid accumulation zone.

• Minor Support: $13.00 – $13.50
  ↳ Currently acting as a local base where buyers are showing interest.

🟥 Resistance Zones

• First Resistance: $15.80 – $16.50
  ↳ A zone of previous consolidation and supply. If LINK breaks above this, bullish momentum could accelerate.

• Second Resistance: $18.00 – $19.50
  ↳ Next major supply level where profit-taking may occur.

• Upper Resistance: $24.00 – $25.50
  ↳ Long-term resistance area — reaching this level would confirm a strong bullish continuation.

---

3. Trend Analysis

• Current Trend: Short-term bullish inside a mid-term correction.

• Trendline: A clear ascending trendline is visible (green line), connecting higher lows since the recent bounce at ~$12.

• Momentum: Still positive, but the last few candles show decreasing volume, which may lead to a small pullback before the next impulse up.

---

4. Possible Market Scenarios

✅ Bullish Scenario

• Entry: Between $13.20 – $13.80 (near current price, buying the dip on support).

• Stop Loss: Below $12.80 (to protect from a deeper pullback).

• Take Profit targets:

  1. TP1: $15.80

  2. TP2: $18.00

  3. TP3: $19.50 – $20.00

• Sentiment: Bullish as long as the price remains above the green demand zone and maintains the upward trendline.

⚠️ Bearish Scenario

• If the price closes below $12.50 on the daily chart, it would signal a potential breakdown of the support and could lead to retesting the $10.80–$11.00 area.

• In that case, short-term sentiment would shift to bearish.

---

5. Technical Formations

• Ascending Channel: Visible short-term uptrend channel showing higher highs and higher lows.

• Potential Bull Flag Formation: The recent consolidation after the last impulse up could act as a continuation pattern, targeting the next resistance near $18 USD.

• Volume Analysis: Volume has decreased slightly — a breakout accompanied by increased volume could confirm the next bullish leg.

---

6. My Personal Trading Plan (Example)

If I were trading LINK right now:

• I would enter a long position around $13.50,

• Place a stop loss at $12.70,

• First take profit at $15.80,

• Second take profit around $18.00,

• And leave a small position running toward $20.00 in case of a strong breakout.
  Risk/reward ratio: around 1:2.5, which is acceptable for swing trading on the daily timeframe.

---

7. Summary

Chainlink is currently in a healthy upward correction, maintaining structure above major supports. A confirmed daily close above $15.80 would strengthen bullish sentiment and likely trigger a move toward $18–20 USD.
If the support at $12.50 breaks, traders should remain cautious and wait for new confirmation signals.

---

⚙️ Timeframe Info

This analysis was made on the 1-Day timeframe.
➡️ Shorter timeframes (4H, 1H, 15m) with more detailed entry signals, scalping zones, and dynamic updates are available after upgrading to the Premium plan — perfect for active traders who want to stay ahead of market moves!

---

⚠️ Disclaimer

This analysis is not financial or investment advice.
Always conduct your own research before entering any position. Markets are volatile, and every trader should evaluate their own risk tolerance and capital management strategy.