LINK remains below the long-term descending trendline from the 2021 high, while price continues to develop within the broader cycle structure.
From here, I see two possibilities:
Path 1: Current structure holds
LINK continues higher, eventually challenging the $18–$21 resistance cluster and, if cleared, the $40 structural level.
Path 2: Liquidity sweep first
Price retraces toward the $4–$5 liquidity zone before establishing the next major cycle low and beginning the larger expansion.
The lower liquidity zone is a possibility, not a prediction.
If the larger cycle structure develops as projected, the long-term expansion could eventually reach the ~$110 area.
For now, the key question is whether LINK can break the current structure directly or needs one more liquidity event first.
The cycle gives the framework. Price determines the path.
Follow, Boost, Join, Thank You!
Financial Disclaimer: This post is not financial advice. I am not your financial advisor, your life coach, or your legally responsible adult. Always do your own research and never trade based solely on internet comedy.
From here, I see two possibilities:
Path 1: Current structure holds
LINK continues higher, eventually challenging the $18–$21 resistance cluster and, if cleared, the $40 structural level.
Path 2: Liquidity sweep first
Price retraces toward the $4–$5 liquidity zone before establishing the next major cycle low and beginning the larger expansion.
The lower liquidity zone is a possibility, not a prediction.
If the larger cycle structure develops as projected, the long-term expansion could eventually reach the ~$110 area.
For now, the key question is whether LINK can break the current structure directly or needs one more liquidity event first.
The cycle gives the framework. Price determines the path.
Follow, Boost, Join, Thank You!
Financial Disclaimer: This post is not financial advice. I am not your financial advisor, your life coach, or your legally responsible adult. Always do your own research and never trade based solely on internet comedy.
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.