Chainlink （$LINK） shows a buy signal on the 4-hour chart, indicating a potential bullish reversal if key resistance levels are breached.
Points
- Buy signal on the 4-hour chart
- Immediate support and resistance levels
- Short-term bullish momentum indicators
Chainlink （$LINK） has shown a buy signal on the 4-hour chart, with potential for a bullish reversal if it breaks through key resistance levels. Currently, LINK faces immediate resistance at $13.050, and a breakthrough here could signal a significant upward movement.
The appearance of the last two green candles suggests a potential reversal or consolidation phase, which could precede a bullish movement. Immediate support is observed at $12.600, a level where the price has previously shown resilience. If the price drops below this support, the next significant support is at $12.360.
Technical indicators also support this bullish outlook. The 1-day Relative Strength Index （RSI） is at 47.85, indicating short-term bullish momentum. Additionally, the Moving Average Convergence Divergence （MACD） is above the signal line, further suggesting potential for upward movement.
解説
- Technical indicators: The buy signal on the 4-hour chart and supportive RSI and MACD readings suggest short-term bullish momentum for LINK.
- Key levels: Immediate resistance at $13.050 and support at $12.600 are crucial levels to watch for potential price movements.
- Bullish potential: A breakthrough of resistance levels could lead to a significant bullish reversal, making LINK an attractive option for traders.