📊 Chainlink/USDT Trading Signals & Analysis (1H)

🚀 Market Insights:

Chainlink is currently breaking out of the falling channel, indicating a potential breakout. The price is hovering around $10.80, testing the support zone. Given the current structure, a bullish move is expected, targeting key levels.

🔍 Technical Analysis:

• Support Zone: Chainlink has successfully held above the support around $10.80, acting as a solid base for a recovery.

• Falling Channel: A breakout from the falling channel can be seen, with momentum starting to turn bullish.

• RSI: RSI is currently at 38.04, signaling the asset is approaching oversold territory, creating a potential buying opportunity as bullish pressure could increase.

📈 Key Resistance Targets:

• First Target: $11.11

• Second Target: $11.22

• Final Target: $11.70

💡 Outlook:

If Chainlink convincingly breaks above the descending channel, it will reach the resistance target above, with a high probability of testing $11.70 in the next few sessions.

🕒 Timeline: Closely watch for breakout confirmation. Could quickly rise to the above resistance levels as momentum builds!#Write2Win #BinanceTurns7 #AirdropGuide #IntroToCopytrading #MarketDownturn