Let's be outspoken - Chainlink (LINKUSDT) still has a bearish structure on the daily chart.
Let's be outspoken - Chainlink (LINKUSDT) still has a bearish structure on the daily chart. It's not surprising if you've been watching on the chart for long enough. Prices are currently responding to the supply zone, but more interesting is the supply zone that has not been touched above.
This is the key point – the market may establish liquidity below, just to reach that untouched supply area. We've seen this before and will likely see it again.
Daily Structure: Still Bearish, but something is brewing
Zoom in the daily chart and it’s obvious: the overall structure is still bearish. No doubt.
Currently, prices are taking advantage of known supply areas, but there is another area above - not yet touched.
Could this be a magnet? Very likely. Especially if the market plays the common trick - build liquidity and then take advantage of it.
This is exactly what worries me a little—there are equal lows below. And you know what this usually means…juicy liquidity goals. If you've ever seen prices flirt at equal points, you know that's not a good sign—at least for those who ignore them.
H4 Charts Tell Us More: Demand, Liquidity and Waiting Games
Let's conduct a detailed analysis. Switch to the H4 time range and the picture becomes clearer.
Now you can see the full liquidity generated in the recent bullish impulse. Almost like the price is leaving behind crumbs – believe me, someone will follow this path.
There is also a solid demand zone below. If the price decides to fall, I will pay close attention to that level. It may provide potential reactions – but we have to observe how the price performs there. No preset position.
And don't forget: there is liquidity above. Therefore, the path is open—there are magnets in both directions.
Chainlink price forecast – potential future trends
What will happen next? Here is how I see possible actions:
It reminded me of when I was staring at a similar setting for another altcoin, which vowed to fall – it would trick me with stop-loss hunting and it started to rise the next day.
So I learned… the scenes are helpful, but staying modest is necessary.
The final thought
The current Chainlink price forecast depends on the price’s response in the upcoming meeting, especially around the supply area that is not touched above and around the demand area below.
The structure is still bearish, but due to liquidity on both sides, we may see traps and reversal settings.
In short: stay alert, mark your area, and don't stick to bias. Stay flexible. This is how you survive in this game. See you in the next stage.
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