โ Chainlink (LINK) โ Technical Analysis
๐ Date: July 1, 2025
๐น Current Price: ~$14.80
๐ Pattern: Ascending Triangle (Bullish)
LINK is currently breaking out of an ascending triangle, a bullish continuation pattern. The breakout above the $15.00 resistance is confirmed with increasing volume and rising RSI, signaling strong momentum.
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๐ Trade Setup:
Buy Entry: On breakout above $15.00
Stop Loss: $13.00
Targets:
๐ฏ TP1: $18.00
๐ฏ TP2: $23.00
๐ Technical Indicators:
RSI: Trending upward, nearing overbought = strong bullish momentum
Volume: Rising on breakout = confirmation of buyer interest
Structure: Higher lows, flat resistance โ strong bullish structure
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๐ Summary:
Chainlink is showing solid bullish structure with a clean breakout from the triangle pattern. Ideal entry is above $15.00, with a clear invalidation below $13.00.
๐ข Verdict: BUY on breakout confirmation
๐ป Invalidation: Breakdown below $13.00 = exit trade