Hi friends, hope you are well and welcome to the new update on Chainlink (Link). On the weekly chart, the price action is at the support of an up trend line:
At the same time on the 2-week time frame chart, the price action has formed a big Cypher pattern.
Buy and sell targets: Buy between: $23.65 to $16.78
Sell between: $29.05 to $42.01
Stop loss: The maximum extent of the potential reversal zone $16.78 can be used as stop loss.
Possible profit and loss ratio: As per the above targets, this trade has a big profit possibility of 150%, and the loss possibility is 29.However, the price action is at the end of the buying zone. Therefore it is a low risk trade. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.