Given the confluence of support levels and bullish factors like demand zones and FVG, the trade bias remains long. Key entry zones are 16.257 and 14.275. Price will need to hold above 13.506 for the long to remain valid. The target for a long trade is the 20.881 area.
The LINK USDT shows that the price is currently trading near the top of the range between support and resistance levels.
Support Levels
There are a few notable support and resistance zones:
- Strong support zone 1 from 16.600-17.288. Price recently found support here.
- Support zone 2 further down from 13.340-13.824
Support Zone Number | Price High | Price Low |
Support Zone 1 | 16.600 | 17.288 |
Support Zone 2 | 13.340 | 13.824 |
Fibonacci Retracement Levels
Provide insight into potential reversal areas based on Fib levels. The 0.382 level at 18.049 and 0.50 level at 17.181 may act as resistance.
Fib Retracement Value | Price |
0.382 Fib Level | 18.049 |
0.50 Fib Level | 17.181 |
0.618 Fib Level | 16.312 |
0.786 Fib Level | 15.078 |
0.882 Fib Level | 14.375 |
Demand Zones
An overlapping demand zone is seen from 15.083-16.060. This is a high probability zone for a bounce if price reaches it.
Demand Zone Number | Price High | Price Low |
Demand Zone | 16.060 | 15.083 |
Fair Value Gaps / Imbalances (FVG)
A bullish FVG exists from 16.060-17.132, indicating buying pressure in this range.
FVG Zone Number | Price High | Price Low |
Bullish FVG | 16.060 | 17.132 |
Liquidity Levels
Equal highs are seen at 17.969, showing an area of consolidation.
Liquidity Type (Double Top, Double Bottom, Equal Lows, Equal Highs) | Price |
Equal Lows | 17.969 |
Fixed Range Volume Profile Levels
The POC at 14.912 and VAL from 14.022-14.912 mark underlying liquidity and support.
Point of Control (POC) | Value Area High (VAH) | Value Area Low (VAL) |
14.912 | 16.181 | 14.022 |
Relative Strength Index (RSI) Levels
Currently in bullish territory at 61.18. A bearish divergence was formed at 16.600 potentially signaling a trend change.
Current RSI Level: 61.18
Bullish or Bearish Divergences
Bearish Divergence: 16.600
Trade Bias
Trade Bias: Long
Entry Levels
Entry Level Zone Number | Entry Level Price |
Entry Levels 1 | 16.257 |
Entry Levels 2 | 14.275 |
Invalidation Levels
Invalidation Type (Long, Short) | Invalidation Price |
Long | 13.506 |
Target Levels
Target Level | Target Price |
Long Target | 20.881 |