CupAndHandleMagic
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$LINK
#LINK Chart Analysis
Today, many altcoins are declining due to Bitcoin's downward movement.
Among them, LINK is showing relative resilience.
Short-term Perspective:
It seems like there’s still one more wave remaining.
If this pattern continues, there is a possibility of an extended 5th wave.
Additionally, #Chainlink appears to have formed a #CupAndHandleMagic pattern.
As long as the price does not fall below $24.5, it seems reasonable to expect further upward movement.
However, if it does drop below this level, the current area could be considered a top.
That’s it for today’s chart analysis. Have a great day!
If you’d like to keep up with further chart analyses, please follow me!
#LINK Chart Analysis
Today, many altcoins are declining due to Bitcoin's downward movement.
Among them, LINK is showing relative resilience.
Short-term Perspective:
It seems like there’s still one more wave remaining.
If this pattern continues, there is a possibility of an extended 5th wave.
Additionally, #Chainlink appears to have formed a #CupAndHandleMagic pattern.
As long as the price does not fall below $24.5, it seems reasonable to expect further upward movement.
However, if it does drop below this level, the current area could be considered a top.
That’s it for today’s chart analysis. Have a great day!
If you’d like to keep up with further chart analyses, please follow me!
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