LINK/USDT 4H Chart📉 Indicators and Market Structure:
🔶 Trend:
Current trend: up, as long as it remains above the trend line and the 19.14 USDT level.
Local resistance: 20.28 USDT (recent high).
Next resistances: 20.99 USDT and 22.13 USDT (green lines).
Supports: 19.14 USDT, 18.44 USDT, 17.29 USDT (red lines).
🔷 Stochastic RSI (lower indicator):
Located in the oversold zone (below 20) and starting to reverse upward.
Potential signal of buying pressure if the %K and %D lines cross bullishly.
🧠 Scenarios:
✅ Bullish scenario (trend continuation):
Bounce from the trend line and the 19.14 level → breakout of 20.28 → test of 20.99–22.13.
Confirmation will be a clear bullish candle with high volume and a Stochastic RSI cross up.
❌ Bearish scenario (trend break):
Closing below the trend line and the 19.14 level → correction towards 18.44, and then even to 17.29.
An oversold RSI could support continued declines if a rebound does not occur.
📌 Summary:
Currently, the key level is the trend line and support at 19.14 USDT.
The market is waiting for a reaction – a rebound or a downward breakout.
Stochastic RSI suggests a possible rebound, but candlestick confirmation is needed.
