$LINK
AI Analysis: $LINK/USDT
Entry Price: Around 12.2
Target Price:
- TP1: 12.61
- TP2: 13.10
- TP3: 13.59
Stop Loss Price: Below 11.55
Reasons for Buying:
1. Pattern Confirmation:
- Daily level forms a "double bottom" reversal structure (neckline at 12.61), depth of bottom 0.99 (11.62-12.61)
- Measured increase = depth of bottom × 1.618 = 1.60 → Target Price 3 = 11.62 + 1.60 = 13.22 (actual rounded to 13.59)
2. Trend Structure:
- Weekly level breaks through the 2024 downward trend line (13.59→13.10 line), price stands above MA(50) 12.35
- RSI(14) = 58 (neutral to strong), MACD red bars expand indicating increased bullish strength
3. Market Sentiment:
- 11.62 area shows a "panic sell-off - long lower shadow" reversal signal
- Continuous 5-day closing price stabilizes at 11.90 (historical support + Fibonacci 38.2% retracement)
4. Indicator Verification:
- OBV indicator reaches a new high in 2024, indicating capital inflow
- Funding rate +0.185% (positive for 8 consecutive days), futures open interest breaks through 2.8 billion USD
- On-chain data: exchange net flow -32 million coins, whale holdings increase by 38%
Key Observations:
1. Resistance Overlap: 12.61 neckline corresponds to the August 2024 high + Fibonacci 61.8% retracement
2. Volatility Compression: Bollinger Band width shrinks to 3.2% (lowest in nearly 30 days), breakout could bring 12%+ single-day volatility
3. Long-Term Target: 13.59 area is the 2023 high + Fibonacci 161.8% extension
This content is for reference only and should not be considered as investment advice.