After nearly 250 days of compression inside a falling wedge, Chainlink has officially broken out. The chart shows a textbook breakout with clean structure, higher lows, and a confirmed break of structure (BOS). A retest zone between $12.8–$14.0 could offer a “buy the dip” opportunity before any continuation.
With momentum shifting and sentiment improving, bulls have eyes on the $30 target — a prior high and wedge-measured move. This is a breakout you don’t want to ignore.
With momentum shifting and sentiment improving, bulls have eyes on the $30 target — a prior high and wedge-measured move. This is a breakout you don’t want to ignore.
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Try our strategy optimizer at quanttradingpro.com
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We provide education & tools.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.