The falling wedge pattern visible on the chart has broken to the upside — a historically bullish formation that often signals a reversal. However, it’s important to note that price has not yet reclaimed the EMAs.
📌 The key invalidation level is below the April 7 wick.
As long as there is no candle close below that level, the setup remains valid. A close below would invalidate the wedge structure.
Currently, price is entering a buy block zone, which has previously shown strong demand. A reaction from this region — especially if it pushes price back above the EMAs — would increase confidence in the setup.
🎯 Target zone: 23 – 30 USDT
🛡️ Stop loss: 10.09 USDT
📈 Risk/Reward: High potential
⚠️ This is not financial advice. Always manage your own risk accordingly.
#LINK #Chainlink #LINKUSDT #CryptoTrading #PriceAction #TradingView #Altcoins
📌 The key invalidation level is below the April 7 wick.
As long as there is no candle close below that level, the setup remains valid. A close below would invalidate the wedge structure.
Currently, price is entering a buy block zone, which has previously shown strong demand. A reaction from this region — especially if it pushes price back above the EMAs — would increase confidence in the setup.
🎯 Target zone: 23 – 30 USDT
🛡️ Stop loss: 10.09 USDT
📈 Risk/Reward: High potential
⚠️ This is not financial advice. Always manage your own risk accordingly.
#LINK #Chainlink #LINKUSDT #CryptoTrading #PriceAction #TradingView #Altcoins
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.
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.