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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ปิดการเทรด: ถึงเป้าหมายการตัดขาดทุน

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

บันทึก

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.

บันทึก

LINK Update:

Ideal long entry lies between $23.8 and $23.3

บันทึก

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!

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SiDec

🏆 Mastering Fibonacci for precision trading

🔹 Sharing high-probability trade setups

⚡ Unlock the power of technical analysis!