Chainlink (LINKUSDT) | Falling Wedge at Critical SupportChainlink is trading within a well-defined falling wedge pattern on the 4H chart, a typically bullish reversal setup. Price action indicates the coin is hovering just above key horizontal support around $12.35, making this a critical zone to watch.
Technical Breakdown:
Pattern: Falling Wedge (Bulli
$LINK | Higher Timeframe LONG SetupThe 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
Weekly trading plan for LINKLink has already reached his 3rd target of the week. The chart shows divergence, but now the price above the monthly pivot point and there is a chance to see a continuation of growth. If it returns under monthly PP we may see a local correction or a deeper one to the weekly PP level
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.