TradeCityPro | LINK: Eyeing Breakout as RSI Signals Divergence

👋 to TradeCity Pro!
In this analysis, I’m going to review the LINK coin. This project is one of the well-known DeFi and Cross-Chain platforms, and it's considered one of the top projects in these categories.

🔍 The LINK token currently has a market cap of $627 million and holds a ranking on CoinMarketCap.

⏳ 4H Timeframe
As you can see, LINK has started a bullish leg, rising from $13.30 to $17.62. After a pullback that reached as low as $15.92, it has returned to test the previous high.

⚡️ If the $17.62 resistance is broken, the price could rally toward $19.42. Therefore, a breakout above $17.62 can be used as a long entry trigger.

📊 So far, volume has aligned well with the upward trend, and there are no signs of weakness from the volume perspective. However, if volume rises during a pullback or drops during a bullish move, it would signal a volume divergence, potentially indicating a trend reversal.

💥 Meanwhile, the RSI oscillator shows a bearish divergence. If RSI closes below the 50 level, this divergence would be confirmed, suggesting the possibility of a corrective move.

✨ To confirm a deeper correction or trend reversal, a breakdown below $15.92 would be significant. The next support after that lies at $15.22, with the main support far below at $13.30.

✔️ For short positions, I recommend waiting for clearer signs of trend reversal, such as volume divergence or confirmed RSI divergence. At the moment, there’s no solid short setup, and we need to wait for a suitable structure to develop.

📝 Final Thoughts

This analysis reflects our opinions and is not financial advice.

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