Accumulation Phase with Eyes on ATH
2024-11-12

🔸 LINK  has experienced a significant drop, declining around 90% from its all-time high, reaching a bottom around the $5 level.
This downtrend has allowed the price to capture both sell-side and buy-side liquidity. A bullish movement followed, and after testing key liquidity levels, LINK appears to be setting up for a potential upward move.

🔴  Liquidity and Support Zones:  After reaching the internal range liquidity (IRL) zone, LINK has shown signs of support and is currently bouncing back. This indicates possible accumulation and readiness for a rally as it captures more buy-side liquidity. As the price moves upward, the next potential target could be the all-time high.

✅  Target Projection:  If LINK continues its bullish momentum, it may aim for the $39 range. However, this projection remains valid only if key support levels are respected, specifically the $8 level.

🔑  Key Levels to Watch: 
A candle closing below $8 would invalidate the bullish setup.
The current price level is ideal for accumulation for those preparing for a potential bull run.

 Note: This analysis is provided for informational purposes only and should not be considered a buy or sell signal.