The weekly, daily, 4hr and 1hr timeframes collaborate to suggest continued upside potential for LINK USDT with supportive technical in the short to medium term. Traders can consider entering long positions on pullbacks with appropriate risk management in place.
Weekly Timeframe
LINK USDT is currently trading between the demand zone #3 of 10.288-9.661 and resistance zone #1 of 15.540. The price recently pulled back from resistance zone #1 and is currently testing demand zone #3 as support. This is a good area to consider a long position as the chart shows an established uptrend with higher highs and higher lows. Looking higher, resistance zones #1 and #2 at 15.540 and 27.533 will provide resistance. On the downside, demand zones #1 and #2 at 12.559-12.118 and 11.788-10.500 respectively will offer support if the price pulls back further. Overall, the weekly timeframe signals continued strength in the long term uptrend.
Support and Resistance Levels
Support Zone #1 | 8.412 |
Support Zone #2 | 4.617 |
Resistance Zone #1 | 15.540 |
Resistance Zone #2 | 27.533 |
Resistance Zone #3 | 35.450 |
Fibonacci Retracement Levels
0.382 | 13.051 |
0.50 | 11.659 |
0.618 | 10.209 |
0.69 | 9.350 |
0.786 | 8.168 |
0.882 | 7.023 |
Supply Zone
Zone Number | High | Low |
Supply Zone #1 | 23.910 | 28.710 |
Supply Zone #2 | 31.900 | 38.310 |
Demand Zone
Zone Number | High | Low |
Demand Zone #1 | 12.559 | 12.118 |
Demand Zone #2 | 11.788 | 10.500 |
Demand Zone #3 | 10.288 | 9.661 |
Demand Zone #4 | 7.696 | 7.100 |
Demand Zone #5 | 6.470 | 5.719 |
Fair Value Gaps / Imbalances
Gap Number | High | Low |
Bullish FVG / Imbalance Zone #1 | 12.853 | 12.559 |
Bullish FVG / Imbalance Zone #2 | 12.118 | 11.788 |
Bullish FVG / Imbalance Zone #3 | 10.500 | 10.274 |
Bullish FVG / Imbalance Zone #4 | 9.661 | 7.696 |
Bullish FVG / Imbalance Zone #5 | 6.908 | 6.421 |
Bearish FVG / Imbalance Zone #1 | 23.910 | 19.540 |
Bearish FVG / Imbalance Zone #2 | 31.900 | 28.710 |
Daily Timeframe
we can see the price is hovering right at support zone #1 of 13.824 after pulling back from resistance zone #1 of 16.600. This area provides a low risk entry point for long positions. Moving forward, a break above 16.600 would confirm the continuation of the uptrend. Watch for bullish divergence on lower timeframes too. On the downside, support zone #1 of 13.824 should hold. The daily chart further validates the bullish bias indicated by the weekly chart..
Support and Resistance Levels
Support Zone #1 | 13.824 |
Resistance Zone #1 | 16.600 |
Fibonacci Retracement Levels
0.382 | 16.131 |
0.50 | 15.655 |
0.618 | 15.184 |
0.69 | 14.882 |
0.786 | 14.500 |
0.882 | 14.109 |
Supply Zone
Zone Number | High | Low |
Supply Zone #1 | 15.975 | 17.672 |
Fair Value Gaps / Imbalances
Gap Number | High | Low |
Bearish FVG #1 | 15.975 | 15.623 |
4 Hour Timeframe
LINK USDT found resistance at supply zone #1 of 15.714-16.224 and pulled back to test the 0.382 Fib retracement level at 15.972 support. With the moving averages aligned in an uptrend, this provides an opportunity for long positions with attractive risk to reward. The next resistance comes in at supply zone #2 of 16.875-17.322. Maintaining above 15.972 will keep the short term uptrend intact.
Fibonacci Retracement Levels
0.382 | 15.972 |
0.50 | 16.294 |
0.618 | 16.623 |
0.786 | 17.082 |
0.882 | 17.349 |
Supply Zone
Zone Number | High | Low |
Supply Zone #1 | 15.714 | 16.224 |
Supply Zone #2 | 16.875 | 17.322 |
Fair Value Gaps / Imbalances
Gap Number | High | Low |
Bearish FVG #1 | 15.714 | 15.662 |
Bearish FVG #2 | 16.875 | 16.518 |
1 Hour Timeframe
The price is rebounding from the 0.382 Fib retracement level and supply zone #1 support at 15.940-16.224. This signals short term buying pressure and hints at further upside potential towards supply zone #2 resistance of 16.875-17.322. Traders can look to enter long positions on dips towards 15.972 support. Breaking below this level would weaken the short term bullish structure.
Fibonacci Retracement Levels
0.382 | 15.968 |
0.50 | 16.306 |
0.618 | 16.623 |
0.786 | 17.080 |
0.882 | 17.345 |
Supply Zone
Zone Number | High | Low |
Supply Zone #1 | 15.940 | 16.224 |
Supply Zone #2 | 16.875 | 17.322 |
Fair Value Gaps / Imbalances
Gap Number | High | Low |
Bearish FVG #1 | 16.875 | 16.518 |