ChainLink / TetherUS
Long
Updated

Linkusdt Trading idea

2 300
Linkusdt has completed a potential corrective wave after failing to break the intermediate supply zone.

The correction followed an ABC pattern and is now complete, setting the stage for a major rally to initiate wave 3, which is typically the longest wave.

The intermediate supply zone is both the immediate profit target and a key area to monitor.

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Trade active
Giant cup and handle pattern formed.

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Price breakout from the handle zone, pullback towards the neckline will be a good buying opportunity.


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Going well
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Wave 3 in progress, focus on the buy back zone for re-accumulation opportunity

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Price already tapped inside a strong support zone, we should expect consolidation from here for bullish continuation.

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LINKUSDT was rejected from the intermediate supply zone as previously projected, and price is now retracing toward a strong demand zone where major re-accumulation is likely to occur. Accumulation can begin from the current price area, aligning with the expected recovery path.

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Link continues with its ascending channel formation

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Price approaching strong demand area.

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