Technical analysis by SiDec about Symbol LINK: Buy recommendation (8/16/2025)

LINK has awakened with strength, rallying +60% in just 10 days. Price completed a clean 5-wave Elliott impulse, topping at the 1.0 trend-based Fib extension, which aligned with: 0.702 Fib retracement Pitchfork upper resistance line Key resistance zone This perfect confluence marked the 5th wave top, followed by a -13% correction. 🔴 Short Opportunity The current structure is forming a Head & Shoulders pattern. ➡️ Resistance zone: $23 – $23.5 🧩 Confluence factors: Anchored VWAP (red line) from the 5th wave top Fib speed resistance fan – Golden Pocket ➡️ Target: $20 support zone. 🟢 Long Opportunity Zone The $20 zone offers the strongest confluence for a long entry: Yearly Open (yOpen): $20.02 0.5 Fib retracement: $20.09 (of the 5 Elliott waves) Pitchfork golden pocket Anchored VWAP (green line): $20.28 (swing high) Fair Value Gap (FVG) / imbalance fill Liquidity pool $20 psychological level Trade Plan: Entry: $20.5 – $19.5 Stop Loss: Below $19 Take Profit: $25 Potential gain: +25% R:R: ~1:5 🔍 Indicators used: DriftLine — Pivot Open Zones → For identifying key yearly/monthly/weekly/daily opens that act as major S/R reference points ➡️ Available for free. You can find them on my profile under “Scripts” and apply them directly to your charts for extra confluence when planning your trades. _________________________________ 💬 If you found this helpful, drop a like and comment!LINK update: this setup didn’t play out, moving on to the next trade.LINK Update — Breakout Above $25, Watching Pullbacks LINK did not provide the anticipated long entry at $20 and instead showed strong bullish momentum, breaking through the $25 resistance with ease. Going forward, look for long opportunities on pullbacks, with $25 expected to act as new support now. Support: $25 (former resistance) Target: $27-$30 A successful retest and hold above $25 would confirm continuation higher.LINK Update: Ideal long entry lies between $23.8 and $23.3LINK Update This setup played out well, with price coming close to the 0.618 Fib retracement in confluence with the anchored VWAP. We also saw a swing failure pattern (SFP) of the low, which added confirmation. So far, LINK has delivered a +8% bounce from this zone.