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LINKUSDT
Short Entry 23.3900 2025-09-21 01:24 UTC
Target 19.0000 Fail 27.0000
Risk/Reward 1 : 1
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LINKUSDT
Pending
Cryptocurrency
Technical
1H
Analysis Predict Bear Market
The analysis examines Bitcoin, Ethereum, XRP, and Chainlink, focusing on price charts, trends and potential trading strategies. For Bitcoin, the weekly chart shows a green super trend indicator suggesting a bull market, but there's a bearish divergence. On the 3-day Bitcoin chart, bullish momentum is growing, with a potential bullish MACD crossover. The daily chart indicates resistance at 117000. A break above this level could lead to a target of 120000, with 114500 and 113000 as support levels. Ethereum is range bound between 3900 and 4900, testing the 4500 resistance, with a likely pullback, key support is at 4100. XRP shows a large bearish divergence since July with a likely price rejection, and targets 2.70, while the trend is bearish. Chainlink also shows bearish divergence on the weekly chart. The analyst noted that funding rates for Bitcoin and crypto are flipping negative, possibly causing a short squeeze.
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