hainlink ($LINK ) Painting a Bullish Reversal – Here’s the Setup
The charts are whispering… and $LINK might be gearing up for a move.
A classic W pattern is forming – that reliable double-bottom reversal where sellers get exhausted, and buyers step in.
Why This Matters:
Price dipped twice to the same support zone… and bounced harder each time.
Buyers are defending this level like it’s their last stand.
A breakout above the neckline could trigger a sharp upside move.
Signs of Strength:
✓ RSI climbing from oversold – momentum shifting
✓ MACD curling up – buyers gaining control
✓ Volume rising on upswings – real demand behind moves
Whales Are Circling:
Big wallets accumulating quietly
Exchange reserves dropping (fewer coins for sale)
Smart money positioning before a potential run
What’s Next?
If LINK breaks the W’s neckline with conviction, we could see a strong rally. Until then, watch for confirmation.
Trade Smart:
No rush – wait for the breakout
False breaks happen – volume must support the move
Manage risk – patterns fail sometimes
Final Thought:
This could be the start of something… or just a fakeout. Either way, $$LINK s one to watch.