This is my first "idea" but i wanted to share it.
It has already been pointed out by niko1923 that the 1H chart is completing a cup & handle pattern now but it's more than that. It is actually nested within a VERY BULLISH inverse head & shoulder pattern in the 1W chart.
The 1W chart for LINK/USD is comleting an inverse head & shoulders that started back in January 2022. Furthermore, the right shoulder is also an inverse head and shoulders pattern.
The inverse head & shoulder indicator (on the larger pattern) is calling out a $31 target.
https://www.tradingview.com/x/QWKwnJiJ/
so we have a cup & handle nested within an inverse head & shoulders, nested within another inverse head & shoulders... i would say LINK is a buy right now :)
"This is not financial advise"
Nota
The short-term target on the 1H cup & handle is about $19Nota
.... so the more i look at that long term inverse head & shoulders, it also looks like it could be a dirty cup & handle. If you look at it like that, then the $31 target could be increased to around $51 but that might be crazy talk. "NOT FINANCIAL ADVISE" :)
Nota
Update for the 1H cup & handle target:Calculating from the $17.7 handle breakout, the new target is $22.8.
The 1W pattern target is still $31-$52 depending on whether it's an inverse head & shoulders or a cup & handle.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.