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Technical analysis by MasterAnanda about Symbol LINK: Buy recommendation (8/28/2025)

https://sahmeto.com/message/3740115
MasterAnanda
MasterAnanda
Rank: 81
3.7
Buy،Technical،MasterAnanda

This is perfect. Here we can see Chainlink growing in "mid-air." Can that be said? "Mid-air" because the rise keeps on happening and the retrace finds support where there is no support; that is, LINKUSDT continues to grow straight up. This is as good as it gets. We had only five days red and LINK turns green again. This doesn't change anything on the smaller or bigger picture, market dynamics remain the same. If this day is red, the next day red and another 3, 5, 9 days red; it doesn't matter, we are in a bullish wave. If this day is green, the next day green, then red, then green and so on; it doesn't matter, you are looking at market noise. The noise will continue and at times it will even intensify. Volatility will also increase as prices continue to increase. Trading complexity will be up. Risk will be higher but, right now, it is still early because Chainlink can easily hit $100+. Knowing this, I buy and hold. Namaste.Here is a closer look: The action is happening barely below support but with a bullish bias, it can be spotted if you look at the 4H timeframe. The volume reveals it. Below support is bearish of course but if a drop does not develop fast, then it becomes a bullish scenario. So far, there is a long lower wick which means that selling pressure was already absorbed once. LINKUSDT is now challenging support. Patience is key. The rest of the market is saying up. Prices are fairly strong here. A nice advance and only a small retrace. Strength. Namaste.

Translated from: English
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Signal Type: Buy
Time Frame:
1 day
Price at Publish Time:
$24.85
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