Cryptocurrency

Chainlink bullish signal is firm, but Bitcoin is calling lens

Cryptowzrd noted in a recent latest news on X that ChainLink ended the meeting, which ended, suggesting potential further growth. However, analysts stress that Bitcoin will ultimately decide on the move. Experts keep an eye on intraday charts, and early pullbacks could bring scalp opportunities as long as Bitcoin is aligned with the bullish outlook.

Strong daily candles may break through

The trader broke down his latest analysis, explaining that Link’s Daily Candle officially shut down bullishness, marking a key technical point in the current trend. Meanwhile, linkBTC ended the meeting with a positive attitude, which added perspectives on links in the short term.

However, analysts stressed that LinkBTC needs to be shut down more every day to confirm the momentum. Continuing power may cause the daily candle’s lower climax line to rise above the impulse break, thereby igniting the next leg upward.

The decisive movement above the 0.000140 BTC resistor zone is expected to accelerate the price action of the link, giving the Bull a clear signal to push higher. If momentum continues to build, the link may gather towards a resistance level of $16, marking the main goal of the current setup. Currently, $12.50 remains a key support level for the daily timeframe and will act as a buffer if bearish pressure reappears.

Going forward, analysts point out that Bitcoin and Bitcoin advantages will be the main market drivers for chain links to enter the weekend. While maintaining the prospect of rationality, Cryptowzrd plans to closely monitor Link’s intradition charts to fit closely with any development setup.

Wait for the chain link to the next trade setting

In short, Cryptowzrd stressed that Link’s intraday chart showed signs of bullish recovery, closely aligned with Bitcoin’s recent rebound. He is optimistic that if the current situation persists, especially if Bitcoin maintains its strength, it may rise further.

Despite encouraging signs, Cryptowzrd notes that a temporary bearish pullback is both natural and healthy in the current market situation. Callbacks usually reset market conditions, providing a better structure for a stronger continuation model. He believes such an answer could provide a favorable early entry point for long-term positions, especially for short-term or intraday traders who want to take advantage of volatility.

As the market continues to grow, Cryptowzrd advises traders to wait for a clear confirmation of the next trade setting before taking action. His statement stressed that strategic patience will be the key to identifying the most meaningful opportunities. Currently, traders should closely track price behavior and be prepared to act quickly when the next effective entry signal appears.

Chain links

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button