LINKUSD Massive Head and Shoulders starting the new Bear Cycle.

Chainlink (LINKUSD) has been steadily rising within a Channel Up during this Bull Cycle but on the recent August 18 2025 High, it failed to make a Higher High and got rejected instead.

The Channel Up seems to have transitioned into a Head and Shoulders (H&S) pattern, while the 1W RSI has been on a Bearish Divergence (Lower Highs trend-line against the price's Higher Highs).

We saw a similar H&S forming at the end of the previous Bull Cycle (2021), which essentially paved the way to the 2022 Bear Cycle. Symmetrically it appears to also work quite well as right now we are on a similar spot (1W MA50, blue trend-line) as November 2021.

The two Bear Cycles of LINK declined by -88.90% and -90.00% respectively. As a result, if history repeats, we are looking at a potential bottom at at least $3.500 (-88.90%).

Do you think that's a realistic expectation?

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