#LINK Head and Shoulders Formation Points to Potential Downside
Chainlink (LINK/USDT), Head and Shoulders Formation Points to Potential Downside
On the 4-hour timeframe, a clear Head and Shoulders pattern has emerged, signaling a potential bearish reversal. Key support levels are identified at $19.89 - $21.86, and a decisive close below this critical zone could pave the way for a significant downside move, with the next target projected around $12.
Traders should monitor the price action closely at the support zone, as a confirmed breakdown could provide an optimal short entry to capitalize on this pattern. Stay vigilant and ready to seize this opportunity.
Not A Financial Advice, Trade at your Own Risk. We are not responsible for profit or losses
On the 4-hour timeframe, a clear Head and Shoulders pattern has emerged, signaling a potential bearish reversal. Key support levels are identified at $19.89 - $21.86, and a decisive close below this critical zone could pave the way for a significant downside move, with the next target projected around $12.
Traders should monitor the price action closely at the support zone, as a confirmed breakdown could provide an optimal short entry to capitalize on this pattern. Stay vigilant and ready to seize this opportunity.
Not A Financial Advice, Trade at your Own Risk. We are not responsible for profit or losses
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.