Technical analysis by vs_sayin about Symbol LINK: Buy recommendation (5/9/2025)

In our previous analysis, I outlined multiple technical reasons suggesting that LINK was preparing for a major bullish phase. Since then, LINK has surged over 25% from the level I initially highlighted.Upon reassessing the chart from a broader perspective, I’ve identified a reversed Head and Shoulders pattern forming on the higher timeframes — a classic bullish reversal signal. This has also prompted a revision of the Elliott Wave count on the macro structure.Updated Technical Insights:Wave Count: LINK is currently in Wave 3 of a larger bullish impulse, based on Elliott Wave Theory.Breakout Confirmation: The neckline of the reversed Head and Shoulders pattern is being breached, which aligns with the 1.618 Fibonacci extension — a typical target zone for Wave 3.If you entered based on the prior setup, you’re likely sitting on a 20–25% gain even on a 1x position. There’s no need to add or chase the price at this point — the optimal move is to secure profits by moving stop-loss to break-even and continue managing your position with discipline.Updated Target:The mid-term projection for LINK now stands around the $25 mark.— Thanks for reading.