LINK/USDT – Graphical Analysis (Timeframe 4h and 1D)
LINK/USDT shows a forming Head-and-Shoulders pattern (H&S) on the 4-hour chart, with the head at 15,777 and the right shoulder still under construction. The price is testing the neckline in the 12,600 to 12,900 area.
Main support: 12,600 (neckline, reinforced by the 0.618 Fibonacci level).
Main resistance: 13,229 (Fibonacci 0.50) and, above that, 15,777 (top of the head).
Pattern identified: H&S (Head-and-Shoulders), a classic bearish reversal figure. As long as the neckline is not broken with volume, the pattern remains only a hypothesis; confirmation occurs when support breaks with increased selling pressure.
On the daily chart, the RSI(6) at 31.1 indicates proximity to oversold conditions, which may trigger a bounce before any eventual confirmation.
Probability: H&S patterns after a prolonged uptrend often have a good hit rate, but the reading is only confirmed once support is broken.
⚠️ This analysis is for informational purposes only and does not constitute investment advice. Always do your own research.
#LINKUSD #oco $LINK
LINK/USDT shows a forming Head-and-Shoulders pattern (H&S) on the 4-hour chart, with the head at 15,777 and the right shoulder still under construction. The price is testing the neckline in the 12,600 to 12,900 area.
Main support: 12,600 (neckline, reinforced by the 0.618 Fibonacci level).
Main resistance: 13,229 (Fibonacci 0.50) and, above that, 15,777 (top of the head).
Pattern identified: H&S (Head-and-Shoulders), a classic bearish reversal figure. As long as the neckline is not broken with volume, the pattern remains only a hypothesis; confirmation occurs when support breaks with increased selling pressure.
On the daily chart, the RSI(6) at 31.1 indicates proximity to oversold conditions, which may trigger a bounce before any eventual confirmation.
Probability: H&S patterns after a prolonged uptrend often have a good hit rate, but the reading is only confirmed once support is broken.
⚠️ This analysis is for informational purposes only and does not constitute investment advice. Always do your own research.
#LINKUSD #oco $LINK