LINK Rally Cools Off — Next Long Opportunity at $20

LINK has awakened with strength, rallying +60% in just 10 days. Price completed a clean 5-wave Elliott impulse, topping at the 1.0 trend-based Fib extension, which aligned with:

0.702 Fib retracement
Pitchfork upper resistance line
Key resistance zone

This perfect confluence marked the 5th wave top, followed by a -13% correction.

🔴 Short Opportunity

The current structure is forming a Head & Shoulders pattern.

➡️ Resistance zone: $23 – $23.5

🧩 Confluence factors:

Anchored VWAP (red line) from the 5th wave top
Fib speed resistance fan – Golden Pocket

➡️ Target: $20 support zone.

🟢 Long Opportunity Zone

The $20 zone offers the strongest confluence for a long entry:

Yearly Open (yOpen): $20.02
0.5 Fib retracement: $20.09 (of the 5 Elliott waves)
Pitchfork golden pocket
Anchored VWAP (green line): $20.28 (swing high)
Fair Value Gap (FVG) / imbalance fill
Liquidity pool
$20 psychological level

Trade Plan:

Entry: $20.5 – $19.5
Stop Loss: Below $19
Take Profit: $25
Potential gain: +25%
R:R: ~1:5

🔍 Indicators used:

DriftLine — Pivot Open Zones → For identifying key yearly/monthly/weekly/daily opens that act as major S/R reference points

➡️ Available for free. You can find them on my profile under “Scripts” and apply them directly to your charts for extra confluence when planning your trades.

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עסקה סגורה: הגיע לסטופ

LINK update: this setup didn’t play out, moving on to the next trade.

הערה

LINK Update — Breakout Above $25, Watching Pullbacks

LINK did not provide the anticipated long entry at $20 and instead showed strong bullish momentum, breaking through the $25 resistance with ease.

Going forward, look for long opportunities on pullbacks, with $25 expected to act as new support now.

Support: $25 (former resistance)

Target: $27-$30

A successful retest and hold above $25 would confirm continuation higher.

הערה

LINK Update:

Ideal long entry lies between $23.8 and $23.3

הערה

LINK Update

This setup played out well, with price coming close to the 0.618 Fib retracement in confluence with the anchored VWAP. We also saw a swing failure pattern (SFP) of the low, which added confirmation.

So far, LINK has delivered a +8% bounce from this zone.

SiDec

🏆 Mastering Fibonacci for precision trading

🔹 Sharing high-probability trade setups

⚡ Unlock the power of technical analysis!

כתב ויתור

המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.

SiDec

🏆 Mastering Fibonacci for precision trading

🔹 Sharing high-probability trade setups

⚡ Unlock the power of technical analysis!