 LINK Poised for Liftoff: Strong Support, Bullish Signals
2024-10-22

Chainlink has formed a robust support level between $9-$11, holding steady four times on the daily chart and now showing signs of a breakout! 📈

Key Highlights:

📊 Decisive Break Above $11.50 Resistance: LINK has surged past the $11.50 mark, signaling a strong uptrend formation.
💪 Strong HVN Support: A significant High Volume Node around the $11 region reinforces this sturdy support level.
🕒 Short-Term Bullish Indicators: On the 1-hour chart, LINK has moved above the VWAP, 20 EMA, and 50 EMA, and the RSI has crossed above 50—positive short-term signals.
🎯 Potential Upside Levels: If the upward momentum continues, LINK might approach the $12.75 level. A further breakout, especially if Bitcoin (BTC) breaks its resistance, could see LINK reaching the $14-$15 area.
⚠️ Key Support Levels: In terms of risk management, traders are observing levels like $11.50 (aggressive stop loss) and down to $10.15 if swing trading.
🌐 Positive Market Sentiment: Bitcoin (BTC) appears bullish, with a breakout seeming imminent, which often bodes well for altcoins like LINK.
💰 BTC Support at  FWB:67K : Bitcoin has found support and bounced at $67,000, strengthening the overall market outlook.
🏦 Time-Tested Hold: LINK is considered by many as a solid, time-tested asset for the upcoming bull run.
With confluence from multiple technical indicators and bullish market sentiment, LINK shows potential for an upward move! 🌟