CHAINLINK - LOADING A SUPER SWEEP UP! - ChainLink / TetherUSBINANCE:LINKUSDTThetaNomadTraders, In my last $CHAINLINK analysis I wrote out two scenario’s. Scenario 1 did not play out. Scenario 2 was simple: a dump into the next 1.618 extension, and from there the hunt for a fresh long setup begins. That 1.618 was at 12.90$ And here we are. Pixel perfect. So are we wrong? This is why having your levels outlined and being patient matters more than anything. When one path closes, structure reveals another. The chart always speaks. But only those who wait can hear it. What we are looking at $CHAINLINK dumped straight into the 12 to 13 dollar zone. This zone is not random. It is technically one of the most important pockets on the chart. Let’s break down why. Mathematical Levels – The Spot Chart To avoid distortion caused by the 10 October liquidation wick, we start with clean mathematical levels on the spot chart. At 12.886 we have the high timeframe 0.886 Fibonacci retracement. This is the deep retrace zone where momentum often shifts. Price tends to exhaust here because 0.886 represents the final Fibonacci rotation before structural invalidation. It is where the last sellers usually throw in everything they have. At the same time, this level lines up with the 1.618 extension of the first structure after the 10 October crash. The initial high to low is marked with a yellow arrow in your chart. This means one thing: The downside auction has mathematically completed. Both the retracement leg and the extension leg have landed in the same pocket. This is real confluence. The HTF AVWAP Confluence Chart: On 06 August 2024, LINK printed a new significant low. This low kicked off a bullish wave with strong volume behind it. That wave marked the beginning of a long uptrend, which means the AVWAP anchored to this low carries real weight. Now here is the fascinating part: The lower band of the anchored AVWAP aligns perfectly with: The HTF 0.886 retracement The 1.618 extension The current price zone The mathematical exhaustion pocket This is not normal. This is precision level confluence. What this means When AVWAP, Fibonacci, and wave extensions align, it signals that institutional cost basis, market memory, and auction math are all pointing to the same zone as fair value. This is where smart money steps in. Falling Wedge – The Technical Cherry The final ingredient: LINK has printed a clean, textbook falling wedge. A falling wedge is a bullish reversal pattern where momentum compresses and the final sellers run out of strength. It represents exhaustion, not continuation. Combine that with AVWAP, Fibonacci, and mathematical symmetry, and you have a powerful structural reversal setup. Order Flow Confirmation The order flow confirm the technical story: Spot CVD has been trending down, but price is no longer following with the same intensity. Stablecoin and coin margined CVDs are still pushing lower, but again, price is resisting the pressure. Open Interest increased into the lows. New shorts opened into exhaustion. Funding remains small and neutral. Price is holding the key zone. This is absorption. When shorts push and price refuses to break, the market is loading a spring. Conclusion The 12 to 13 dollar range is not random noise. It is a high timeframe confluence zone made of: The 0.886 Fibonacci retracement The 1.618 extension completion The lower AVWAP band from the August trend origin A falling wedge structure Order flow absorption New shorts entering into weakness LINK is setting up for a powerful sweep if this zone holds. Targets. $19.30 $20.50 $38.00 if we move higher. Breaking out of the wedge pattern invalidates the idea. -------- The chart is whispering again. Patience turns whispers into signals. -------- If you like this kind of analysis, drop a like and leave a comment. Everything here is shared for free so more people can cut through the noise and finally see what is actually happening under the surface. No hopium. No fear. Just real data, real structure, and real order flow. The goal is simple. To help traders stop guessing and start understanding what the market is actually saying. Stay sharp. Stay objective. And remember… the chart whispers long before it speaks. - ThetaNomad