Chainlink (LINKUSD) has been steadily rising within a Channel Up during this Bull Cycle but on the recent August 18 2025 High, it failed to make a Higher High and got rejected instead.
The Channel Up seems to have transitioned into a Head and Shoulders (H&S) pattern, while the 1W RSI has been on a Bearish Divergence (Lower Highs trend-line against the price's Higher Highs).
We saw a similar H&S forming at the end of the previous Bull Cycle (2021), which essentially paved the way to the 2022 Bear Cycle. Symmetrically it appears to also work quite well as right now we are on a similar spot (1W MA50, blue trend-line) as November 2021.
The two Bear Cycles of LINK declined by -88.90% and -90.00% respectively. As a result, if history repeats, we are looking at a potential bottom at at least $3.500 (-88.90%).
Do you think that's a realistic expectation?
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The Channel Up seems to have transitioned into a Head and Shoulders (H&S) pattern, while the 1W RSI has been on a Bearish Divergence (Lower Highs trend-line against the price's Higher Highs).
We saw a similar H&S forming at the end of the previous Bull Cycle (2021), which essentially paved the way to the 2022 Bear Cycle. Symmetrically it appears to also work quite well as right now we are on a similar spot (1W MA50, blue trend-line) as November 2021.
The two Bear Cycles of LINK declined by -88.90% and -90.00% respectively. As a result, if history repeats, we are looking at a potential bottom at at least $3.500 (-88.90%).
Do you think that's a realistic expectation?
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.