LINK Market Update and Setup Wednesday 3/19/2025

Mar 19, 2025
1 min read

Both LINK and LINK/BTC are showing slightly bullish price action, and we should see stronger moves from their current positions.

📌 Key Market Outlook:

LINKBTC is expected to push toward the 0.00020 BTC resistance level and break out of its daily falling wedge.
Such a breakout will create significant bullish pressure on LINK as well. 🔑
LINK is currently trading within its daily range, and a breakout above $16.00 will likely trigger an impulsive rally toward $19.50 and beyond. 📈
Until then, $12.80 remains key daily support. 💪🏻

With the FOMC event and Powell’s press conference ahead, volatility is expected to increase significantly. I'll be tracking the intraday chart closely for trade opportunities.

📊 Intraday Setup

LINK is trading in a smaller range, with the potential formation of an inverse head & shoulders pattern. 👀

📌 Two key trade scenarios to watch:

1️⃣ A bullish breakout above $14.60 (POI) and holding that level would set up a long trade toward $15.80 and higher.⚠️ However, taking aggressive trades before the FOMC event comes with higher risk — caution is advised. 🚀

2️⃣ A rejection at $14.60 would invalidate the pattern and likely result in continued sideways movement. 🩸