#MarketRebound $LINK
LINK
12.33
+8.92%
LINKUSDT
12.32
+8.83%
I was about to call it quits for today but several people requested an analysis for LINK, so here it is.
Oh, by the way, I like Chainlink also and tend to publish many updates. Just lately I was out but now I am back healthy and with full force.
There are two main dynamics playing out on this chart that are of interest to us:
1) A perfect falling wedge pattern. This pattern is a classic reversal signal and one of the most accurate. It simply works.
2) A long-term support/accumulation zone. The falling wedge is enough to predict a reversal, but the action just entered the late 2024 buy zone and long-term support. This makes it even stronger.
I am sure we have positive signals coming also from the MACD and RSI.
This chart is based on the long-term. Again, if you would like to find the 2025 ATH for this or any other pair, just go to my profile by typing on my username and search for the pairs name. In this case, LINKUSDT, you will find many publications that are still good and valid when it comes to the numbers and ATH potential. I published many in 2024 and some even in 2023.
Now, the apex of the falling wedge is a higher low compared to the bottom in August 2024. This is good and works to support the other signals.
Trading volume is very low on the drop and this is also very good for the bulls. The market is on autopilot. It is dropping just because it needs to drop. Bot selling. Bot selling ends when real buying starts. We are about to experience a massive influx of money into the market.
Now, money is already "programmed." The exchanges already have the whales money. Money has been moving around for months now and the entire game is already setup. The start of the next bullish cycle has been programmed, you know everything works with algorithms and bots. The big players pay the exchanges and the exchanges take care of the rest. 1-2%. While we try to complete a trade, they shake us out over and over, again and again. So instead of fighting the whales we use a strategy that works.
👉.
